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Magnus Charitable Trust is a private trust based in FT LAUDERDALE, FL. The foundation received its IRS ruling in 2005. It holds total assets of $6.4M. Annual income is reported at $7.3M. Total assets have decreased from $10.4M in 2011 to $6.9M in 2023. The foundation is governed by 2 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 2023. Grantmaking is concentrated in Illinois. According to available records, Magnus Charitable Trust has made 22 grants totaling $2.5M, with a median grant of $25K. Annual giving has decreased from $685K in 2020 to $357K in 2023. Grantmaking activity was highest in 2022 with $821K distributed across 4 grants. Individual grants have ranged from $3K to $559K, with an average award of $113K. The foundation has supported 17 unique organizations. The foundation primarily supports organizations in Illinois, Minnesota, Wisconsin, which account for 82% of all grants. Grantmaking reaches organizations across 5 states. Contributions to this foundation are tax-deductible.
Smallest Grant
$3K
Median Grant
$20K
Average Grant
$62K
Largest Grant
$328K
Based on 11 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.
Magnus Charitable Trust primarily funds organizations in the area of philanthropy & grantmaking. Based on available records, the foundation has funded 22 grants. Its grantmaking reaches organizations primarily in IL, MN, WI.
Magnus Charitable Trust has distributed a total of $2.5M across 22 grants. The median grant size is $25K, with an average of $113K. Individual grants have ranged from $3K to $559K.
Magnus Charitable Trust typically selects its grantees rather than accepting unsolicited proposals.
Magnus Charitable Trust is headquartered in FT LAUDERDALE, FL. While based in FL, the foundation distributes grants to organizations across 5 states.
| Name | Title | Compensation | Benefits | Total |
|---|---|---|---|---|
| Maria Magnus | TRUSTEE | $0 | $0 | N/A |
| Victoria Magnus | TRUSTEE | $0 | $0 | N/A |
Total Giving
$1.5M
Total Assets
$6.9M
Fair Market Value
$6.9M
Net Worth
$6.7M
Grants Paid
$357K
Contributions
N/A
Net Investment Income
N/A
Distribution Amount
$441K
Total Grants
22
Total Giving
$2.5M
Average Grant
$113K
Median Grant
$25K
Unique Recipients
17
Most Common Grant
$5K
of 2023 grantees were first-time recipients
| Recipient | Location | Amount | Year |
|---|---|---|---|
| Mayo ClinicGENERAL | Rochester, MN | $250K | 2023 |
| Scholarship Recipients Paid In 2023COLLEGE SCHOLARSHIPS | Chicago, IL | $102K | 2023 |
| Innocence Project Of TexasGENERAL | Fort Worth, TX | $5K | 2023 |
| Scholarship Recipients Paid In 2022COLLEGE SCHOLARSHIPS | Chicago, IL | $298K | 2022 |
| Medex FoundationGENERAL | Skokie, IL | $18K | 2022 |
| Scholarship Recipients Paid In 2021COLLEGE SCHOLARSHIPS | Chicago, IL | $559K | 2021 |
| MiscGENERAL | Chicago, IL | $25K | 2021 |
| Rogers Memorial Health FoundationGENERAL | Oconomowoc, WI | $25K | 2021 |
| Above & Beyond Family Recover CenterGENERAL | Chicago, IL | $20K | 2021 |
| Scholarship Recipients Paid In 2020COLLEGE SCHOLARSHIPS | Chicago, IL | $328K | 2020 |
| Rosecrance FoundationGENERALGENERALGENERAL SUPPORT | Rockford, IL | $70K | 2020 |
| Greater Chicago Food DepositoryGENERAL | Chicago, IL | $33K | 2020 |
| Illinois Holocaust MuseumGENERAL | Skokie, IL | $20K | 2020 |
| Logos Christian CenterGENERAL | Houston, TX | $10K | 2020 |
| Ucp Seguin Of Greater ChicagoGENERAL | Chicago, IL | $7K | 2020 |
| Wounded WarriorGENERAL | Jacksonville, FL | $5K | 2020 |
| Immerman AngelsGENERAL | Chicago, IL | $3K | 2020 |
WEST PALM BCH, FL
WEST PALM BCH, FL
POMPANO BEACH, FL