Gary Magness Family Foundation is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in DENVER, CO. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $1.2M in total assets. In 2024, it awarded 10 grants totaling $676K. Net investment income was $97K.
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$1.2M
-45.1% YoY
Annual Giving
$676K
+122.2% YoY
Grant Count
10
+150.0% YoY
Avg Grant Size
$68K
-11.1% YoY
Under IRS private-foundation payout rules, Gary Magness Family Foundation reported a distributable amount of $50K for 2024 — the minimum it must pay out in qualifying distributions.
About Gary Magness Family Foundation
Based on IRS filings
Gary Magness Family Foundation is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in DENVER, CO. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $1.2M in total assets. In 2024, it awarded 10 grants totaling $676K. Net investment income was $97K.
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 | $1,152,175 | $2,100,334 | $2,313,539 |
| Revenue | $81,069 | $192 | $1,737,764 |
| Expenses | $681,105 | $326,111 | $1,668,016 |
| Qualifying Distributions | $679,728 | $312,468 | $1,619,819 |
| Net Investment Income | $96,927 | — | $1,735,991 |
| Distributable Amount | $49,656 | $95,080 | $36,637 |
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
44 grants across all recorded years
Giving History
Grant recipients and amounts by year
Among its reported 2024 grants, the largest include Food Bank of the Rockies ($468,097), Weld Food Bank ($50,000), The Art of Elysium ($50,000).
| Recipient | Purpose | Amount |
|---|---|---|
| CAREYES FOUNDATION LOS ANGELES, CA | GENERAL SUPPORT | $30,000 |
| ELK CREEK FIRE PROTECTION DISTRICT CONIFER, CO | GENERAL SUPPORT | $10,000 |
| IN THE LOOKING GLASS - CAREYES CLINIC PUEBLO, CO | GENERAL SUPPORT | $22,500 |
| WELD FOOD BANK GREELEY, CO | GENERAL SUPPORT | $50,000 |
| THE FOUNDATION FOR LIVING BEAUTY PASADENA, CA | GENERAL SUPPORT | $10,000 |
| PLATTE CANYON FIRE PROTECTION DISTRICT BAILEY, CO | GENERAL SUPPORT | $10,000 |
| POLO TRAINING CENTER CARPINTERIA, CA | GENERAL SUPPORT | $5,000 |
| ANIMAL WELLNESS FOUNDATION MARINA DEL REY, CA | GENERAL SUPPORT | $20,000 |
| THE ART OF ELYSIUM LOS ANGELES, CA | GENERAL SUPPORT | $50,000 |
| FOOD BANK OF THE ROCKIES DENVER, CO | DONATION OF PUBLICLY TRADED STOCK - 5825 SHARES OF LIBERTY BROADBAND A SHARES (LBRDA) | $468,097 |
Leadership & Key People
Officers and directors from IRS filings
Compensation Overview
From 2024 IRS filing
From 2024 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| GARY MAGNESS | PRESIDENT & SECRETARY | 2 | — |
Subject Areas
Focus areas based on grantmaking activity
Frequently Asked Questions
What is Gary Magness Family Foundation?
Gary Magness Family Foundation is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in DENVER, CO. It holds $1.2M in total assets as of 2024.
How large is Gary Magness Family Foundation?
As of 2024, Gary Magness Family Foundation holds $1.2M in total assets with $81K in annual revenue. It awarded 10 grants totaling $676K in 2024.
Where does Gary Magness Family Foundation operate?
Gary Magness Family Foundation has awarded grants in Arizona, California, Colorado, Minnesota, New York, Oregon, Pennsylvania.
What size grants does Gary Magness Family Foundation award?
In 2024, Gary Magness Family Foundation awarded 10 grants totaling $676K — an average of about $68K per grant, based on its IRS Form 990 filings.
How much is Gary Magness Family Foundation required to give away each year?
Private foundations must generally distribute about 5% of their assets annually. For 2024, Gary Magness Family Foundation reported a distributable amount of $50K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.
What is Gary Magness Family Foundation's EIN?
Gary Magness Family Foundation's EIN (Employer Identification Number) is 84-1467167. IRS Form 990 filing data is available on this page for 2020–2024.
Explore Open Grants
Browse active grant opportunities in Gary Magness Family 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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