Abraham and Sally Magid is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in GARDEN CITY, NY. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $937K in total assets. In 2024, it awarded 3 grants totaling $229K. Net investment income was $199K.
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$937K
-0.4% YoY
Annual Giving
$229K
+86.6% YoY
Grant Count
3
-62.5% YoY
Avg Grant Size
$76K
+397.5% YoY
Under IRS private-foundation payout rules, Abraham and Sally Magid reported a distributable amount of $43K for 2024 — the minimum it must pay out in qualifying distributions.
About Abraham and Sally Magid
Based on IRS filings
Abraham and Sally Magid is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in GARDEN CITY, NY. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $937K in total assets. In 2024, it awarded 3 grants totaling $229K. Net investment income was $199K.
Focus Areas
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Geographic Focus
Where this funder awards grants
Grant Distribution by State
Cities
Financial History
Multi-year comparison from IRS filings
| Metric | 2024 | 2023 | 2022 |
|---|---|---|---|
| Total Assets | $936,905 | $941,093 | $825,949 |
| Revenue | $338,741 | $277,670 | $125,729 |
| Expenses | $233,003 | $124,052 | $44,373 |
| Qualifying Distributions | $229,000 | $122,750 | $41,448 |
| Net Investment Income | $199,481 | $103,816 | $5,425 |
| Distributable Amount | $43,473 | $42,071 | $38,303 |
Giving Over Time
Total grant dollars and number of grants per year
Grant Insights
How this funder distributes its grants
Top Recipients
Top 3 recipients in 2024
Grant Size Distribution
43 grants across all recorded years
Giving History
Grant recipients and amounts by year
Among its reported 2024 grants, the largest include Jewish Communal Fund ($150,000), American Endowment Foundation ($75,000), Shelter Rock Jewish Center ($4,000).
| Recipient | Purpose | Amount |
|---|---|---|
| AMERICAN ENDOWMENT FOUNDATION HUDSON, OH | UNRESTRICTED CONTRIBUTION | $75,000 |
| JEWISH COMMUNAL FUND NEW YORK, NY | UNRESTRICTED CONTRIBUTION | $150,000 |
| SHELTER ROCK JEWISH CENTER ROSLYN, NY | UNRESTRICTED CONTRIBUTION | $4,000 |
Leadership & Key People
Officers and directors from IRS filings
Compensation Overview
From 2024 IRS filing
From 2024 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| SALLY MAGID | TRUSTEE | 0.5 | — |
Subject Areas
Focus areas based on grantmaking activity
Frequently Asked Questions
What is Abraham and Sally Magid?
Abraham and Sally Magid is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in GARDEN CITY, NY. It holds $937K in total assets as of 2024.
How large is Abraham and Sally Magid?
As of 2024, Abraham and Sally Magid holds $937K in total assets with $339K in annual revenue. It awarded 3 grants totaling $229K in 2024.
Where does Abraham and Sally Magid operate?
Abraham and Sally Magid has awarded grants in California, District of Columbia, Louisiana, Massachusetts, New York, Ohio.
What size grants does Abraham and Sally Magid award?
In 2024, Abraham and Sally Magid awarded 3 grants totaling $229K — an average of about $76K per grant, based on its IRS Form 990 filings.
How much is Abraham and Sally Magid required to give away each year?
Private foundations must generally distribute about 5% of their assets annually. For 2024, Abraham and Sally Magid reported a distributable amount of $43K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.
What is Abraham and Sally Magid's EIN?
Abraham and Sally Magid's EIN (Employer Identification Number) is 81-6187934. IRS Form 990 filing data is available on this page for 2020–2024.
Explore Open Grants
Browse active grant opportunities in Abraham and Sally Magid's focus areas in our free grants database
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Data last updated April 2026. Sourced from IRS Form 990-PF filings.
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