Carfagna Family-Magis Foundation
Carfagna Family-Magis Foundation is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in FAIRVIEW PARK, OH. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $498K in total assets. In 2024, it awarded 39 grants totaling $135K. Net investment income was $89K.
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$498K
-12.6% YoY
Annual Giving
$135K
-6.5% YoY
Grant Count
39
-4.9% YoY
Avg Grant Size
$3K
-1.8% YoY
Under IRS private-foundation payout rules, Carfagna Family-Magis Foundation reported a distributable amount of $28K for 2024 — the minimum it must pay out in qualifying distributions.
About Carfagna Family-Magis Foundation
Based on IRS filings
Carfagna Family-Magis Foundation is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in FAIRVIEW PARK, OH. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $498K in total assets. In 2024, it awarded 39 grants totaling $135K. Net investment income was $89K.
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 | $498,495 | $570,558 | $494,238 |
| Revenue | $88,991 | $158,505 | $73,954 |
| Expenses | $143,152 | $152,000 | $150,766 |
| Qualifying Distributions | $134,522 | $143,946 | $137,089 |
| Net Investment Income | $88,991 | $11,924 | $73,954 |
| Distributable Amount | $28,450 | $25,104 | $22,838 |
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
208 grants across all recorded years
Giving History
Grant recipients and amounts by year
Among its reported 2024 grants, the largest include St Ignatius High School ($15,353), Catholic Charities & United Way ($15,026), Beaumont School ($14,603).
| Recipient | Purpose | Amount |
|---|---|---|
| AMNESTY INTERNATIONAL New York, NY | GENERAL | $2,000 |
| ANIMAL PROTECTIVE LEAGUE Cleveland, OH | GENERAL | $2,000 |
| BEAUMONT SCHOOL Cleveland Heights, OH | GENERAL | $14,603 |
| BLUECOATS INC Cleveland, OH | GENERAL | $208 |
| BOSTON COLLEGE SCHOOL OF THEOLOGY & MINISTRY Chestnut Hill, MA | GENERAL | $1,000 |
| BOYS HOPE GIRLS HOPE Garfield Heights, OH | GENERAL | $2,500 |
| CASE WESTERN RESERVE UNIVERSITY Cleveland, OH | GENERAL | $2,000 |
| CATHOLIC CHARITIES & UNITED WAY Cleveland, OH | GENERAL | $15,026 |
| CLEVELAND FOODBANK Cleveland, OH | GENERAL | $1,000 |
| CLEVELAND KIDS BOOK BANK Cleveland, OH | GENERAL | $300 |
Leadership & Key People
Officers and directors from IRS filings
Compensation Overview
From 2024 IRS filing
From 2024 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| Rita M Carfagna | Trustee and Chairman | — | — |
| Peter A Carfagna | Trustee and President | — | — |
| Peter E Carfagna | Trustee and Secretary | — | — |
| Michael J Carfagna | Trustee and Treasurer | — | — |
Subject Areas
Focus areas based on grantmaking activity
Frequently Asked Questions
What is Carfagna Family-Magis Foundation?
Carfagna Family-Magis Foundation is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in FAIRVIEW PARK, OH. It holds $498K in total assets as of 2024.
How large is Carfagna Family-Magis Foundation?
As of 2024, Carfagna Family-Magis Foundation holds $498K in total assets with $89K in annual revenue. It awarded 39 grants totaling $135K in 2024.
Where does Carfagna Family-Magis Foundation operate?
Carfagna Family-Magis Foundation has awarded grants in District of Columbia, Massachusetts, Maryland, New York, Ohio, Pennsylvania.
What size grants does Carfagna Family-Magis Foundation award?
In 2024, Carfagna Family-Magis Foundation awarded 39 grants totaling $135K — an average of about $3K per grant, based on its IRS Form 990 filings.
How much is Carfagna Family-Magis Foundation required to give away each year?
Private foundations must generally distribute about 5% of their assets annually. For 2024, Carfagna Family-Magis Foundation reported a distributable amount of $28K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.
What is Carfagna Family-Magis Foundation's EIN?
Carfagna Family-Magis Foundation's EIN (Employer Identification Number) is 34-1940734. IRS Form 990 filing data is available on this page for 2020–2024.
Explore Open Grants
Browse active grant opportunities in Carfagna Family-Magis 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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