The Magnon Foundation
Preselected recipients only
The Magnon Foundation is a private foundation in Wilmington, Delaware. In tax year 2024 it gave $159,226 in 5 grants; the typical grant was $8,226 and the largest $135,000. It only gives to organizations it selects itself and does not accept unsolicited applications.
From its IRS Form 990-PF for tax year 2024.
- Grants paid, 2024$159,226
- Number of grants5
- Typical grant$8,226
- Largest grant$135,000
- Assets$5.3 million
- New grantees40%
Giving in 2024 was down from $213,937 the year before.
40% of its 2024 grantees had not received a grant from it the year before, a sign it is open to new organizations.
Giving by year
| Tax year | Grants paid | Number of grants | Assets |
|---|---|---|---|
| 2023 | $213,937 | 3 | $5.1 million |
| 2024 | $159,226 | 5 | $5.3 million |
How to apply
The Magnon Foundation says in its IRS filing that it only makes contributions to preselected organizations, so unsolicited applications are unlikely to be considered. Organizations it funds are usually invited.
Where it gives
Its grants went to recipients in 2 states, the most to Ohio.
| State | Grants | Amount |
|---|---|---|
| Ohio | 1 | $135,000 |
| California | 4 | $24,226 |
Grants paid in 2024
| Recipient | Purpose | Amount |
|---|---|---|
| Fidelity Investments Charitable Gift Fund | Magnon foundation donor advisor fund | $135,000 |
| Palm Springs International Film Society | Charitable Event | $10,000 |
| Big Brothers Big Sisters of Orange County and the | General & Unrestricted (See IN-KIND GRANT general Explanation Attachment) | $8,226 |
| Martin Luther King Jr High | MLK Jr High Pep Squad | $5,000 |
| Riverside Community College District Foundation | Marching Tigers | $1,000 |
Officers and trustees
- Deanna Magnon
- David C Stapley
- Dennis Wagner
- Philip Yanni
- Jillian Yocum
- Scott K Yocum
Questions people ask
Does The Magnon Foundation accept grant applications?
No. Its IRS filing says it only makes contributions to preselected organizations.
How much does The Magnon Foundation give?
$159,226 in tax year 2024, across 5 grants, with a typical grant of $8,226.
Who runs The Magnon Foundation?
Its 2024 filing lists Deanna Magnon (Dir, Treas), David C Stapley (Dir, Pres), Dennis Wagner (Dir, Sec) and Philip Yanni (Dir, VP) among 6 officers and trustees.