August C Magnus Memorial Fund

DALLAS, TX EIN: 23-7237663

August C Magnus Memorial Fund is a private foundation, based in DALLAS, TX. IRS filing data is available from 2021 through 2025. As of 2025, the organization holds $321K in total assets. In 2025, it awarded 11 grants totaling $17K. Net investment income was $25K.

Financial Overview

From 2025 IRS Form 990-PF · View filing

Total Assets

$321K

+1.5% YoY

Annual Giving

$17K

+41.7% YoY

Grant Count

+37.5% YoY

Avg Grant Size

$2K

+3.0% YoY

Under IRS private-foundation payout rules, August C Magnus Memorial Fund reported a distributable amount of $19K for 2025 — the minimum it must pay out in qualifying distributions.

About August C Magnus Memorial Fund

Based on IRS filings

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Geographic Focus

Where this funder awards grants

Grant Distribution by State

California $74K (100%)

States

California

Cities

GoletaSanta Barbara

Financial History

Multi-year comparison from IRS filings

Revenue

Expenses

Qualifying Distributions

Net Investment Income

Metric	2025	2024	2023
Total Assets	$321,002	$316,305	$314,475
Revenue	$30,754	$12,480	$-1,501
Expenses	$25,787	$20,000	$22,639
Qualifying Distributions	$20,261	$15,032	$16,122
Net Investment Income	$25,049	$6,614	$2,055
Distributable Amount	$19,161	$17,902	$16,799

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 2025

Grant Size Distribution

43 grants across all recorded years

Giving History

Grant recipients and amounts by year

Among its reported 2025 grants, the largest include The Cecelia Fund ($3,000), Mental Wellness Center ($3,000), Hospice of Santa Barbara ($2,000).

Recipient	Purpose	Amount
HOSPICE OF SANTA BARBARA SANTA BARBARA, CA	UNRESTRICTED GENERAL	$2,000
SEE INTERNATIONAL SANTA BARBARA, CA	UNRESTRICTED GENREAL	$500
DOCTORS WITHOUT WALLS SANTA BARBARA, CA	UNRESTRICTED GENERAL	$2,000
FOOD FROM THE HEART SANTA BARBARA, CA	UNRESTRICTED GENERAL	$1,500
VNA HEALTH FOUNDATION SANTA BARBARA, CA	UNRESTRICTED GENERAL	$1,000
BREAST RESOURCE CENTER OF SANTA BARBARA SANTA BARBARA, CA	UNRESTRICTED GENERAL	$500
THE FDN FOR SANTA BARBARA CITY COLLEGE SANTA BARBARA, CA	UNRESTRICTED GENERAL	$500
FRIENDSHIP DAYCARE CENTER FOR SENIORS SANTA BARBARA, CA	UNRESTRICTED GENERAL	$1,500
EASY LIFT TRANSPORTATION INC GOLETA, CA	UNRESTRICTED GENRAL SUPPORT	$1,500
THE CECELIA FUND SANTA BARBARA, CA	UNRESTRICTED GENERAL	$3,000

Leadership & Key People

Officers and directors from IRS filings

Compensation Overview

From 2025 IRS filing

From 2025 filing

Name	Title	Hours	Compensation
BANK OF AMERICA	TRUSTEE	1	$6,901

Frequently Asked Questions

How large is August C Magnus Memorial Fund?

As of 2025, August C Magnus Memorial Fund holds $321K in total assets with $31K in annual revenue. It awarded 11 grants totaling $17K in 2025.

Where does August C Magnus Memorial Fund operate?

August C Magnus Memorial Fund has awarded grants in California.

What size grants does August C Magnus Memorial Fund award?

In 2025, August C Magnus Memorial Fund awarded 11 grants totaling $17K — an average of about $2K per grant, based on its IRS Form 990 filings.

How much is August C Magnus Memorial Fund required to give away each year?

Private foundations must generally distribute about 5% of their assets annually. For 2025, August C Magnus Memorial Fund reported a distributable amount of $19K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.