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Peter Magnone Foundation is a private corporation based in FORT LEE, NJ. The foundation received its IRS ruling in 2020. The principal officer is % Saphia Magnone. It holds total assets of $888K. Annual income is reported at $309K. SUPPORT FOR CATHOLIC CHURCH AND RELATED ORGANIZATIONS. According to available records, Peter Magnone Foundation has made 7 grants totaling $68K, with a median grant of $3K. Annual giving has decreased from $29K in 2019 to $3K in 2023. Grantmaking activity was highest in 2020 with $33K distributed across 2 grants. Individual grants have ranged from $1K to $25K, with an average award of $10K. The foundation has supported 7 unique organizations. Grants have been distributed to organizations in New Jersey and New York. Contributions to this foundation are tax-deductible.
SUPPORT FOR CATHOLIC CHURCH AND RELATED ORGANIZATIONS
Expenses: $33K
SUPPORT FOR CATHOLIC CHURCH AND RELATED ORGANIZATIONS. Based on available records, the foundation has funded 7 grants. Its grantmaking reaches organizations primarily in NJ, NY.
Peter Magnone Foundation has distributed a total of $68K across 7 grants. The median grant size is $3K, with an average of $10K. Individual grants have ranged from $1K to $25K.
The application deadline is THERE IS NO DEADLINE. IT IS OPEN ALL YEAR LONG.. THERE IS NO RESTRICTION.
Peter Magnone Foundation is headquartered in FORT LEE, NJ. While based in NJ, the foundation distributes grants to organizations across 2 states.
| Name | Title | Compensation | Benefits | Total |
|---|---|---|---|---|
| Sophia Magnone | PRESIDENT | $0 | $0 | $0 |
Total Giving
$4K
Total Assets
$827K
Fair Market Value
$827K
Net Worth
$827K
Grants Paid
$3K
Contributions
$140K
Net Investment Income
$3K
Distribution Amount
$0
Total Grants
7
Total Giving
$68K
Average Grant
$10K
Median Grant
$3K
Unique Recipients
7
Most Common Grant
$3K
of 2023 grantees were first-time recipients
| Recipient | Location | Amount | Year |
|---|---|---|---|
| St Rita Of CasciaCONTRIBUTION TO GOOD CAUSE | Bronx, NY | $13K | 2020 |
| Youth Council Of Fort LeeCONTRIBUTION TO YOUTH COUNCIL | Fort Lee, NJ | $3K | 2023 |
| Strita Of CasciaCONTRIBUTION TO CHURCH | Bronx, NY | $3K | 2022 |
| Roman Catholic Church Of The KoreanCONTRIBUTION TO CHURCH | Saddle Brook, NJ | $20K | 2020 |
| Saint Francis VillageCONTRIBUTION TO GOOD CAUSE | Denville, NJ |
LA VERNE, CA
VADO, NM
NEW YORK, NY
ANACORTES, WA
MONMOUTH JCT, NJ
| 2019 | 990PF | View |
| $25K |
| 2019 |
| Missionaries Of CharityCONTRIBUTION TO GOOD CAUSE | Bronx, NY | $3K | 2019 |
| Korean Catholic BroadcastingCONTRIBUTION TO GOOD CAUSE | Palisades Park, NJ | $1K | 2019 |
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