August C Magnus Memorial Fund
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
11
+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
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.
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Geographic Focus
Where this funder awards grants
Grant Distribution by State
States
Cities
Financial History
Multi-year comparison from IRS filings
| 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.
What is August C Magnus Memorial Fund's EIN?
August C Magnus Memorial Fund's EIN (Employer Identification Number) is 23-7237663. IRS Form 990 filing data is available on this page for 2021–2025.
Explore Open Grants
Browse active grant opportunities in August C Magnus Memorial Fund's focus areas in our free grants database
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Data last updated April 2026. Sourced from IRS Form 990-PF filings.