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Magnon Foundation is a private corporation based in WILMINGTON, DE. The foundation received its IRS ruling in 2005. The principal officer is Foundation Source. It holds total assets of $4.7M. Annual income is reported at $1.1M. Total assets have grown from $824K in 2011 to $4.7M in 2024. The foundation is governed by 6 officers and trustees. The foundation operates in the area of philanthropy & grantmaking. According to its most recent filing, the foundation only makes contributions to preselected charitable organizations. Tax records are available from 2015 to 2024. The foundation primarily funds organizations in California and Massachusetts. According to available records, Magnon Foundation has made 10 grants totaling $646K, with a median grant of $10K. The foundation has distributed between $204K and $228K annually from 2021 to 2023. Individual grants have ranged from $5K to $210K, with an average award of $65K. The foundation has supported 5 unique organizations. The foundation primarily supports organizations in Massachusetts, Ohio, California, which account for 90% of all grants. Grantmaking reaches organizations across 4 states. Contributions to this foundation are tax-deductible.
Smallest Grant
$8K
Median Grant
$10K
Average Grant
$76K
Largest Grant
$210K
Based on 3 grants from the most recent 990-PF filing.
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.
Magnon Foundation primarily funds organizations in the area of philanthropy & grantmaking. Based on available records, the foundation has funded 10 grants. Its grantmaking reaches organizations primarily in MA, OH, CA.
Magnon Foundation has distributed a total of $646K across 10 grants. The median grant size is $10K, with an average of $65K. Individual grants have ranged from $5K to $210K.
Magnon Foundation typically selects its grantees rather than accepting unsolicited proposals.
Magnon Foundation is headquartered in WILMINGTON, DE. While based in DE, the foundation distributes grants to organizations across 4 states.
| Name | Title | Compensation | Benefits | Total |
|---|---|---|---|---|
| Deanna Magnon | Dir, Treas | $0 | $0 | N/A |
| David C Stapley | Dir, Pres | $0 | $0 | N/A |
| Dennis Wagner | Dir, Sec | $0 | $0 | N/A |
| Philip Yanni | Dir, VP | $0 | $0 | N/A |
| Jillian Yocum | Dir, VP | $0 | $0 | N/A |
| Scott K Yocum | Dir, VP | $0 | $0 | N/A |
Total Giving
N/A
Total Assets
$4.7M
Fair Market Value
N/A
Net Worth
$4.7M
Grants Paid
N/A
Contributions
N/A
Net Investment Income
N/A
Distribution Amount
N/A
Total Grants
10
Total Giving
$646K
Average Grant
$65K
Median Grant
$10K
Unique Recipients
5
Most Common Grant
$10K
of 2023 grantees were first-time recipients
| Recipient | Location | Amount | Year |
|---|---|---|---|
| Fidelity Investments Charitable Gift FundMagnon Foundation donor advisor fund | Cincinnati, OH | $196K | 2023 |
| Palm Springs International Film SocietyCharitable Event | Palm Springs, CA | $10K | 2023 |
| Big Brothers Big Sisters Of Orange County And The2023 SEASON TICKETS FOR LOS ANGELES ANGELS (IN-KIND GRANT - SEE GENERAL EXPLANATION) | Santa Ana, CA | $8K | 2023 |
| National Philanthropic TrustOptimus Fund for Ukraine | Jenkintown, PA | $10K | 2022 |
| Riverside Medical Clinic Charitable FoundationGeneral & Unrestricted | Riverside, CA | $5K | 2022 |