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Magnificat Foundation is a private corporation based in BELGRADE, MT. The foundation received its IRS ruling in 2021. It holds total assets of $352K. Annual income is reported at N/A. Total assets have decreased from $600K in 2020 to $394K in 2023. The foundation is governed by 3 officers and trustees. The foundation operates in the area of philanthropy & grantmaking. Tax records are available from 2020 to 2023. According to available records, Magnificat Foundation has made 26 grants totaling $277K, with a median grant of $6K. Annual giving has decreased from $87K in 2021 to $33K in 2023. Grantmaking activity was highest in 2022 with $157K distributed across 16 grants. Individual grants have ranged from $1K to $45K, with an average award of $11K. The foundation has supported 12 unique organizations. The foundation primarily supports organizations in New Jersey, District of Columbia, New York, which account for 62% of all grants. Grantmaking reaches organizations across 7 states. Contributions to this foundation are tax-deductible.
No program descriptions are available for this foundation. Many private foundations report program activities in their annual 990-PF filings — check the Tax Filings section below for the most recent filing.
Magnificat Foundation primarily funds organizations in the area of philanthropy & grantmaking. Based on available records, the foundation has funded 26 grants. Its grantmaking reaches organizations primarily in NJ, DC, NY.
Magnificat Foundation has distributed a total of $277K across 26 grants. The median grant size is $6K, with an average of $11K. Individual grants have ranged from $1K to $45K.
Limitations on grants to ensure that the magnificat foundation's grantmaking activities comply with the restrictions of its charter and non-profit status and purpose.
Magnificat Foundation is headquartered in BELGRADE, MT. While based in MT, the foundation distributes grants to organizations across 7 states.
| Name | Title | Compensation | Benefits | Total |
|---|---|---|---|---|
| Jessica O'Neil | SECRETARY/TREASURER | $0 | $0 | N/A |
| Sherry O'Neil | VICE PRESIDENT | $0 | $0 | N/A |
| Casey O'Neil | PRESIDENT | $0 | $0 | N/A |
Total Giving
$34K
Total Assets
$394K
Fair Market Value
$394K
Net Worth
$394K
Grants Paid
$33K
Contributions
N/A
Net Investment Income
N/A
Distribution Amount
$21K
Total Grants
26
Total Giving
$277K
Average Grant
$11K
Median Grant
$6K
Unique Recipients
12
Most Common Grant
$5K
of 2023 grantees were first-time recipients
| Recipient | Location | Amount | Year |
|---|---|---|---|
| Future Forward For HaitiSUPPORT FOR SCHOOL IN TROIS MARES, HAITI | Teaneck, NJ | $33K | 2023 |
| Church Of The ResurrectionSUPPORT FOR CHRISTIAN MINISTRY | Washington Dc, DC | $20K | 2022 |
| Camp TapawingoCAMPER SCHOLARSHIPS | Speculator, NY | $20K | 2022 |
| Wycliffe Bible TranslatorsSUPPORT BIBLE TRANSLATION | Orlando, FL | $10K | 2022 |
| Central Union MissionSUPPORT FOR THE HOMELESS | Washington Dc, DC | $10K | 2022 |
| World Central KitchenSUPPORT WORK FEEDING THE HUNGRY IN HUMANITARIAN EMERGIENCIES AND DISASTERS | Washington Dc, DC | $5K | 2022 |
| Missionary Aviation FellowshipMINISTRY SUPPORT TO MISSIONARY AND MOST-NEEDED PROJECTS | Nampa, ID | $5K | 2022 |
| Medecins Sans FrontiersSUPPORT MEDICAL SERVICES IN HUMANITARIAN EMERGENCIES AND DISASTERS | New York, NY | $5K | 2022 |
| Congregation Of The Good ShepherdSUPPORT FOR CHRISTIAN MINISTRY | Beijing | $10K | 2021 |
| Christ The King Lutheran ChurchSUPPORT FOR CHRISTIAN MINISTRY | Bozeman, MT | $7K | 2021 |
| Frontiers UsaMINISTRY SUPPORT TO CHRISTIAN MISSIONARY | Phoenix, AZ | $5K | 2021 |
| Dew Drops Little Flower China Little FlowerSUPPORT CARE FOR DISABLED ORPHANS IN CHINAS | Ave Maria, FL | $1K | 2021 |