Magnolia Charitable Foundation
Preselected recipients only
Magnolia Charitable Foundation is a private foundation in Flushing, New York. In tax year 2024 it gave $230,700 in 4 grants; the typical grant was $40,075 and the largest $150,000. 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$230,700
- Number of grants4
- Typical grant$40,075
- Largest grant$150,000
- Assets$4.1 million
- New grantees50%
Giving in 2024 was up from $30,622 the year before.
50% 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 | $30,622 | 2 | $4.2 million |
| 2024 | $230,700 | 4 | $4.1 million |
How to apply
Magnolia Charitable 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.
What Magnolia Charitable Foundation funds
Where it gives
All of its grants went to recipients in New York.
| State | Grants | Amount |
|---|---|---|
| New York | 4 | $230,700 |
Grants paid in 2024
| Recipient | Purpose | Amount |
|---|---|---|
| Rabbinical Seminary of America | Religious purposes | $150,000 |
| Keren Mugein Imoisheya | Religious purposes | $60,000 |
| Al Kanfei Nisharim | Religious purposes | $20,150 |
| Misc Qualifying Contributions Under 1000 | Religious purposes | $550 |
Officers and trustees
- Selig K Solomon
- David Z Solomon
Questions people ask
Does Magnolia Charitable Foundation accept grant applications?
No. Its IRS filing says it only makes contributions to preselected organizations.
How much does Magnolia Charitable Foundation give?
$230,700 in tax year 2024, across 4 grants, with a typical grant of $40,075.
Who runs Magnolia Charitable Foundation?
Its 2024 filing lists Selig K Solomon (President) and David Z Solomon (Treasurer).
What does Magnolia Charitable Foundation fund?
Based on its grants, mainly faith communities.