Amy and Marc Magid Foundation is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in ROSLYN, NY. IRS filing data is available from 2022 through 2024. As of 2024, the organization holds $609K in total assets. In 2024, it awarded 27 grants totaling $29K. Net investment income was $79K.
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$609K
+56.4% YoY
Annual Giving
$29K
+79.3% YoY
Grant Count
27
+12.5% YoY
Avg Grant Size
$1K
+59.4% YoY
Under IRS private-foundation payout rules, Amy and Marc Magid Foundation reported a distributable amount of $23K for 2024 — the minimum it must pay out in qualifying distributions.
About Amy and Marc Magid Foundation
Based on IRS filings
Amy and Marc Magid Foundation is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in ROSLYN, NY. IRS filing data is available from 2022 through 2024. As of 2024, the organization holds $609K in total assets. In 2024, it awarded 27 grants totaling $29K. Net investment income was $79K.
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 | $609,211 | $389,631 | $179,639 |
| Revenue | $191,296 | $216,716 | $185,575 |
| Expenses | $32,598 | $17,390 | $3,076 |
| Qualifying Distributions | $29,289 | $16,335 | $3,076 |
| Net Investment Income | $79,383 | $74,806 | — |
| Distributable Amount | $23,494 | $12,978 | $4,424 |
Giving Over Time
Total grant dollars and number of grants per year
Grant Insights
How this funder distributes its grants
Top Recipients
Top 10 recipients in 2024
Grant Size Distribution
58 grants across all recorded years
Giving History
Grant recipients and amounts by year
Among its reported 2024 grants, the largest include The Clark Art Institute ($2,500), Uja Federation of New York ($2,160), Chabad of Bedford ($2,036).
| Recipient | Purpose | Amount |
|---|---|---|
| FRIENDS OF YAD SARAH NEW YORK, NY | UNRESTRICTED CONTRIBUTION | $1,000 |
| HADASSAH NEW YORK, NY | UNRESTRICTED CONTRIBUTION | $1,000 |
| JEWISH NATIONAL FUND NEW YORK, NY | UNRESTRICTED CONTRIBUTION | $1,500 |
| MASS MOCA NORTH ADAMS, MA | UNRESTRICTED CONTRIBUTION | $500 |
| TEMPLE BETH SHOLOM ROSLYN HEIGHTS, NY | UNRESTRICTED CONTRIBUTION | $75 |
| THE CLARK ART INSTITUTE WILLIAMSTOWN, MA | UNRESTRICTED CONTRIBUTION | $2,500 |
| THE INN HEMPSTEAD, NY | UNRESTRICTED CONTRIBUTION | $1,000 |
| THE NEW YORK BOTANICAL GARDEN BRONX, NY | UNRESTRICTED CONTRIBUTION | $1,500 |
| TORAH OHR ROSLYN, NY | UNRESTRICTED CONTRIBUTION | $1,000 |
| UJA FEDERATION OF NEW YORK NEW YORK, NY | UNRESTRICTED CONTRIBUTION | $2,160 |
Leadership & Key People
Officers and directors from IRS filings
Compensation Overview
From 2024 IRS filing
From 2024 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| MARC MAGID | TRUSTEE | 0.5 | — |
| AMY MAGID | TRUSTEE | 0.5 | — |
Subject Areas
Focus areas based on grantmaking activity
Frequently Asked Questions
What is Amy and Marc Magid Foundation?
Amy and Marc Magid Foundation is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in ROSLYN, NY. It holds $609K in total assets as of 2024.
How large is Amy and Marc Magid Foundation?
As of 2024, Amy and Marc Magid Foundation holds $609K in total assets with $191K in annual revenue. It awarded 27 grants totaling $29K in 2024.
Where does Amy and Marc Magid Foundation operate?
Amy and Marc Magid Foundation has awarded grants in District of Columbia, Florida, Massachusetts, New York, Vermont.
What size grants does Amy and Marc Magid Foundation award?
In 2024, Amy and Marc Magid Foundation awarded 27 grants totaling $29K — an average of about $1K per grant, based on its IRS Form 990 filings.
How much is Amy and Marc Magid Foundation required to give away each year?
Private foundations must generally distribute about 5% of their assets annually. For 2024, Amy and Marc Magid Foundation reported a distributable amount of $23K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.
What is Amy and Marc Magid Foundation's EIN?
Amy and Marc Magid Foundation's EIN (Employer Identification Number) is 88-6455907. IRS Form 990 filing data is available on this page for 2022–2024.
Explore Open Grants
Browse active grant opportunities in Amy and Marc Magid Foundation'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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