Arthur and Holly Magill Foundation

WESTON, FL EIN: 57-0713587

Arthur and Holly Magill Foundation is a private foundation, based in WESTON, FL. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $2.8M in total assets. In 2024, it awarded 6 grants totaling $204K. Net investment income was $150K.

Financial Overview

From 2024 IRS Form 990-PF · View filing

Total Assets

$2.8M

-11.1% YoY

Annual Giving

$204K

-10.6% YoY

Grant Count

-14.3% YoY

Avg Grant Size

$34K

+4.4% YoY

Under IRS private-foundation payout rules, Arthur and Holly Magill Foundation reported a distributable amount of $182K for 2024 — the minimum it must pay out in qualifying distributions.

About Arthur and Holly Magill Foundation

Based on IRS filings

Ready to take the next step with Arthur and Holly Magill Foundation?

Assess fit for your org Draft an LOI Find open RFPs

Geographic Focus

Where this funder awards grants

Grant Distribution by State

New York $752K (65%)

South Carolina $380K (33%)

Minnesota $30K (3%)

States

Minnesota New York South Carolina

Cities

CharlestonIsle Of PalmsJohns IslandMinneapolisNew York

Financial History

Multi-year comparison from IRS filings

Revenue

Expenses

Qualifying Distributions

Net Investment Income

Metric	2024	2023	2022
Total Assets	$2,838,114	$3,190,718	$3,411,489
Revenue	$255,830	$315,394	$247,726
Expenses	$613,683	$676,266	$697,090
Qualifying Distributions	$204,000	$228,066	$256,593
Net Investment Income	$149,731	$205,947	$141,563
Distributable Amount	$182,290	$196,780	$228,066

Giving Over Time

Total grant dollars and number of grants per year

Grant Insights

How this funder distributes its grants

Top Recipients

Top 6 recipients in 2024

Grant Size Distribution

33 grants across all recorded years

Giving History

Grant recipients and amounts by year

Among its reported 2024 grants, the largest include Memorial Sloan Kettering Cancer Center ($50,000), American Friends of the National Gallery ($42,000), Chapel & York Us Foundation (arteast Seenaryo) ($40,500).

Recipient	Purpose	Amount
CHAPEL & YORK US FOUNDATION (ARTEAST SEENARYO) NEW YORK, NY	CHARITABLE PURPOSES - TO ASSIST THE U.S. FUNDING ORGANIZATION IN PROVIDING INDIVIDUALS IN UNDER-SERVED COMMUNITIES IN LEBANON, JORDAN, AND PALESTINE WITH SKILLS DEVELOPEMNT (SOCIAL SKILLS, LIFE SKILLS, CRITICAL THINKING, AND WELLBEING) AND EMPLOYMENT PATHWAYS. ASSISTANCE INCLUDES PROGRAMS FOR CHILDREN IN CONFLICT SITUATIONS.	$40,500
CHARLESTON PARKS CONSERVANCY-THEODORA PARK CHARLESTON, SC	CHARITABLE PURPOSES - TO SUPPORT THE ACTIVITIES OF THE ORGANIZATION TO ADDRESS COMMUNITY NEEDS ALONG SOUTH CAROLINA'S COAST, INCLUDING THE THEODORA PARK PROJECT WHICH IS DEDICATED TO OPEN SPACES VIA A PARK OPEN TO THE COMMUNITY TO ENJOY.	$31,500
DRAYTON HALL PRESERVATION TRUST CHARLESTON, SC	CHARITABLE PURPOSES - TO SUPPORT THE ORGANIZATION TO FOSTER A DEEPER UNDERSTANDING OF COLONIAL AMERICA AND THE EVOLUTION OF LIFE IN THE SOUTH BY DISCOVERING, RESEARCHING, CONSERVING, AND INTERPRETING THE HISTORY, CONTEXT, AND CULTURE OF THE ORGANIZATION.	$10,000
MEMORIAL SLOAN KETTERING CANCER CENTER NEW YORK, NY	CHARITABLE PURPOSES - TO SUPPORT THE ORGANIZATION IN ENDING CANCER IN PEOPLE OF ALL AGES, CONDUCTING CANCER RESEARCH, AND IMPROVING THE ABILITY TO PREVENT, DIAGNOSE, AND TREAT ALL TYPES OF CANCERS.	$50,000
AMERICAN FRIENDS OF THE NATIONAL GALLERY NEW YORK, NY	CHARITABLE PURPOSES - TO SUPPORT THE AMERICAN FRIENDS OF THE NATIONAL GALLERY IN LONDON TO STUDY THE COLLECTION OF EUROPEAN PAINTINGS, AND TO ENCOURAGE ACCESS TO THE COLLECTION FOR THE EDUCATION AND ENJOYMENT WITH THE WIDEST POSSIBLE PUBLIC ACCESS.	$42,000
WINGS FOR KIDS CHARLESTON, SC	CHARITABLE PURPOSES-TO HELP CHILDREN WITH THE SKILLS THEY NEED TO SUCCEED IN SCHOOL, STAY IN SCHOOL, AND THRIVE IN LIFE. FOCUSED ON UNDER-RESOURCED AND OVERLOOKED COMMUNITIES BY PROVIDING A SAFE AND SUPPORTIVE PLACE FOR CHILDREN TO BE AFTER SCHOOL.	$30,000

Leadership & Key People

Officers and directors from IRS filings

Compensation Overview

From 2024 IRS filing

From 2024 filing

Name	Title	Hours	Compensation
MICHAEL HOEFNER	TRUSTEE	0.5	$10,000
STEPHEN M NEWMAN	TRUSTEE	0.5	$5,000
HOLLY M MELOSI	TRUSTEE	1	$10,000
NICHOLAS BALDELLI-BONI	TRUSTEE	0.5	$10,000
ARTURO MELOSI	CEO	30	$275,000

Frequently Asked Questions

How large is Arthur and Holly Magill Foundation?

As of 2024, Arthur and Holly Magill Foundation holds $2.8M in total assets with $256K in annual revenue. It awarded 6 grants totaling $204K in 2024.

Where does Arthur and Holly Magill Foundation operate?

Arthur and Holly Magill Foundation has awarded grants in Minnesota, New York, South Carolina.

What size grants does Arthur and Holly Magill Foundation award?

In 2024, Arthur and Holly Magill Foundation awarded 6 grants totaling $204K — an average of about $34K per grant, based on its IRS Form 990 filings.

How much is Arthur and Holly Magill Foundation required to give away each year?

Private foundations must generally distribute about 5% of their assets annually. For 2024, Arthur and Holly Magill Foundation reported a distributable amount of $182K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.

What is Arthur and Holly Magill Foundation's EIN?

Arthur and Holly Magill Foundation's EIN (Employer Identification Number) is 57-0713587. IRS Form 990 filing data is available on this page for 2020–2024.