The Peter Magnone Foundation
Accepts applications
The Peter Magnone Foundation is a private foundation in Fort Lee, New Jersey. In tax year 2025 it gave $65,100 in 2 grants; the typical grant was $32,550 and the largest $55,000. It accepts applications; its filing gives the instructions below.
From its IRS Form 990-PF for tax year 2025.
- Grants paid, 2025$65,100
- Number of grants2
- Typical grant$32,550
- Largest grant$55,000
- Assets$1.4 million
- New grantees0%
Giving in 2025 was down from $248,000 the year before.
0% of its 2025 grantees had not received a grant from it the year before, so most of its money goes to organizations it already funds.
Giving by year
| Tax year | Grants paid | Number of grants | Assets |
|---|---|---|---|
| 2023 | $3,000 | 1 | $826,699 |
| 2024 | $248,000 | 6 | $887,509 |
| 2025 | $65,100 | 2 | $1.4 million |
How to apply
| Contact | Sophia Magnone 1034 Edgewood Lane, Fort Lee, NJ 07024 |
|---|---|
| Phone or email | (212) 580-1151, matrisholding@gmail.com |
| What to submit | An applicant's backgournd information such as financial statements, brochure, mission statement as well as a letter as to how and for what purpose a grant will be sent are required. |
| Deadlines | There is no deadline. It is open all year long. |
| Restrictions | There is no restriction. |
What The Peter Magnone Foundation funds
Where it gives
Its grants went to recipients in 2 states, the most to New York.
| State | Grants | Amount |
|---|---|---|
| New York | 1 | $55,000 |
| New Jersey | 1 | $10,100 |
Grants paid in 2025
| Recipient | Purpose | Amount |
|---|---|---|
| St Rita's Roman Catholic Church | Charitable contribution | $55,000 |
| Youth Council of Fort Lee | Contribution to youth council | $10,100 |
Officers and trustees
- Sophia Magnone
Questions people ask
Does The Peter Magnone Foundation accept grant applications?
Yes. Its latest IRS filing says it accepts applications, with this on deadlines: There is no deadline. It is open all year long..
How much does The Peter Magnone Foundation give?
$65,100 in tax year 2025, across 2 grants, with a typical grant of $32,550.
Who runs The Peter Magnone Foundation?
Its 2025 filing lists Sophia Magnone (President).
What does The Peter Magnone Foundation fund?
Based on its grants, mainly faith communities and youth programs.