Gary Magness Family Foundation
The Gary Magness Family Foundation is a private foundation based in Denver, Colorado. In 2024, it reported 10 grants totaling $675,597, including support for food banks, arts and community organizations, animal welfare, and fire protection districts.
Gary Magness Family Foundation at a glance
In short: Gary Magness Family Foundation gave $676K across 10 grants in 2024 (avg $68K), mostly in Colorado. 30% of 2024 grantees were new. Source: 2024 IRS Form 990-PF.
- Annual giving (2024)
- $675,597
- +122.2% vs 2023
- Grants made (2024)
- 10
- +150.0% vs 2023
- Average grant
- $67,560
- -11.1% vs 2023
- Median grant
- $21,250
- Total assets
- $1,152,175
- -45.1% vs 2023
- New grantees (estimate)
- 30% first-time grantees (3 of 10, 2024; small sample)
- Primary geography
- Colorado (83% of itemized 2024 grant dollars)
- Latest 990 filing
- Form 990-PF, 2024 View filing
Data from IRS Form 990-PF, 2024; updated October 2026. New grantees are estimated by matching recipient names across years (methodology).
How to apply to Gary Magness Family Foundation
- Accepts unsolicited proposals
- No
- How to Apply
-
The foundation states that it makes contributions only to preselected charitable organizations and does not accept unsolicited requests for funds.
- Contact
Mailing address: 4643 South Ulster Street 1400, Denver, CO 80237
Phone: (303) 572-6400
Application details from Grantable's research on the foundation's public materials; confirm on its website before applying.
Who Gary Magness Family Foundation funds
How this funder distributes its grants
Top Recipients
Top 10 recipients in 2024
The largest 2024 recipient was Food Bank of the Rockies ($468K). Together the top 10 received $676K.
Grant Size Distribution
44 grants across all recorded years
The most common grant size was under $50K: 24 grants of 44 (55%).
Geographic Focus
Where this funder awards grants
In 2024, 83% of grant dollars went to recipients in Colorado and 17% to recipients in California.
Grant Distribution by State
Share of 2024 grant dollars across all 10 itemized grants.
Cities
Is Gary Magness Family Foundation open to new grantees?
30%
first-time grantees, 2024
In 2024, 3 of 10 grantees (30%) were first-time recipients. With only 10 grantees, that is a small sample: one grantee more or less moves the share by about 10 points. First grants averaged $22K; repeat grants $87K. How we count
Medians: $10K first-time, $23K repeat.
- 30% of 2024 grantees were also funded in 2023. Method
- Giving fell 75% from 2021 to 2024. Method
- In 2024 it paid out well above its IRS minimum distribution (the 5% rule). Method
Estimate from itemized grant lists in IRS Form 990-PF filings (2020–2024). Recipient names are matched across years, so a renamed or misspelled grantee can look new; grants to individuals are left out. Methodology.
Giving History
Giving Over Time
Total grant dollars and number of grants per year
From 2020 to 2024, annual grant giving ranged from $304K (2023) to $2.7M (2021). In 2024 it made 10 grants totaling $676K.
Grants by year
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| Food Bank of the Rockies Denver, CO | Donation of publicly traded stock - 5825 shares of liberty broadband a shares (LBRDA) | $468,097 |
| Weld Food Bank Greeley, CO | General Support | $50,000 |
| The Art of Elysium Los Angeles, CA | General Support | $50,000 |
| Careyes Foundation Los Angeles, CA | General Support | $30,000 |
| In the Looking Glass - Careyes Clinic Pueblo, CO | General Support | $22,500 |
| Animal Wellness Foundation Marina Del Rey, CA | General Support | $20,000 |
| Elk Creek Fire Protection District Conifer, CO | General Support | $10,000 |
| 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 |
Ready to take the next step with Gary Magness Family Foundation?
Financial History
Multi-year comparison from IRS filings
| Filing year | Total Assets | Revenue | Expenses | Grants paid | Grants | Qualifying Distributions | Net Investment Income | Distributable Amount |
|---|---|---|---|---|---|---|---|---|
| 2024 | $1,152,175 | $81,069 | $681,105 | $675,597 | 10 | $679,728 | $96,927 | $49,656 |
| 2023 | $2,100,334 | $192 | $326,111 | $304,000 | 4 | $312,468 | — | $95,080 |
| 2022 | $2,313,539 | $1,737,764 | $1,668,016 | $1,614,500 | 6 | $1,619,819 | $1,735,991 | $36,637 |
| 2021 | $2,104,260 | $2,326,115 | $2,701,807 | $2,676,600 | 11 | — | $2,323,071 | $194,756 |
| 2020 | $4,161,997 | $1,279,605 | $1,832,204 | $1,822,100 | 13 | — | $1,277,167 | $173,357 |
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.
Research compiled by Grantable AI from public sources. Last updated September 2026.
Mission & Focus Areas
No mission statement for the foundation is provided. Its 2024 grants included general support for organizations working in several areas. Food Bank of the Rockies says its mission is to nourish people facing food insecurity, and Weld Food Bank says it leads and engages its community in the fight against hunger. The Art of Elysium describes its work as bringing artists and communities in need together through art. Other 2024 recipients included organizations whose stated missions concern community programs in education, environment, wellness, and the arts (Careyes Foundation); animal protection (Animal Wellness Foundation); and wellness and community for women with cancer (The Foundation for Living Beauty).
Grantmaking
In 2024, the foundation reported 10 grants totaling $675,597. Grants ranged from $5,000 to $468,097, with a median of $21,250. The largest grant was $468,097 to Food Bank of the Rockies; the filing describes it as a donation of 5,825 shares of Liberty Broadband A shares. Other notable grants were $50,000 each to Weld Food Bank and The Art of Elysium, $30,000 to Careyes Foundation, and $22,500 to In the Looking Glass - Careyes Clinic. Additional grants included $20,000 to Animal Wellness Foundation, $10,000 each to Elk Creek Fire Protection District, The Foundation for Living Beauty, and Platte Canyon Fire Protection District, and $5,000 to Polo Training Center.
Leadership & Key People
Leadership team and compensation from IRS filings
Gary Magness is listed as president and secretary on the 2024 filing.
Gary Magness Family Foundation is led by Gary Magness, President & Secretary on every filing since 2020 — the only officer listed, and uncompensated.
Officers on the 2024 filing
Gary Magness
President & Secretary
On filings since 2020
2 hrs/week
No compensation reported
Data from IRS Form 990 filings, 2020–2024. "On filings since" is the earliest filing we hold that lists the person; hours are average hours per week as reported.
Frequently asked questions about Gary Magness Family Foundation
How much does Gary Magness Family Foundation give each year?
Gary Magness Family Foundation gave $676K across 10 grants in 2024, according to its 2024 IRS Form 990-PF. In 2023 it gave $304K across 4 grants.
What is Gary Magness Family Foundation's typical grant size?
Gary Magness Family Foundation's median grant in 2024 was $21,250, and its average grant was $67,560, across 10 grants on its 2024 IRS Form 990-PF. Organizations receiving their first grant from Gary Magness Family Foundation that year got $22K on average.
Where does Gary Magness Family Foundation give grants?
Gary Magness Family Foundation gives mostly in Colorado: 83% of the grant dollars itemized on its 2024 IRS Form 990-PF went to recipients there. The next largest state was California (17%). The most frequent recipient cities were Los Angeles, CA (2 grants).
Does Gary Magness Family Foundation give general operating support?
Yes: 90% of Gary Magness Family Foundation's 2024 grants with a stated purpose (9 of 10) were for general or operating support, per its 2024 IRS Form 990-PF.
Who are Gary Magness Family Foundation's largest grantees?
Gary Magness Family Foundation's largest 2024 grantees include Food Bank of the Rockies ($468,097), Weld Food Bank ($50,000) and The Art of Elysium ($50,000), according to its 2024 IRS Form 990-PF. Together they received 84% of its itemized 2024 grant dollars.
How large is Gary Magness Family Foundation?
Gary Magness Family Foundation reported $1.2M in total assets on its 2024 IRS Form 990-PF. It paid out $680K in qualifying distributions that year, against a required minimum of $50K (roughly 5% of its investment assets).
What does Gary Magness Family Foundation fund?
No mission statement for the foundation is provided. Its 2024 grants included general support for organizations working in several areas. See mission & focus areas ↑
How do I apply for a grant from Gary Magness Family Foundation?
The foundation states that it makes contributions only to preselected charitable organizations and does not accept unsolicited requests for funds. Eligibility and process details are in the grantmaking section of this profile. See how to apply ↑
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.
Does Gary Magness Family Foundation accept unsolicited proposals?
No, according to Grantable's research on the foundation's published guidelines. See how to apply ↑
Data last updated October 2026. Sourced from IRS Form 990-PF filings. Research dossier generated September 2026.
Data update history
(1)
When this profile's IRS filing data changed on Grantable
- IRS filings on file for fiscal years 2020–2024
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Cite this profile
Grantable. (2026). Gary Magness Family Foundation funder profile. GrantGraph. Retrieved October 11, 2026, from https://grantable.co/funders/gary-magness-family-foundation-morg_3bc5e5bf930745d6ae89a08a1cc87a3d
BibTeX
@misc{grantable_841467167_2026,
author = {{Grantable}},
title = {{Gary Magness Family Foundation funder profile}},
howpublished = {GrantGraph},
year = {2026},
url = {https://grantable.co/funders/gary-magness-family-foundation-morg_3bc5e5bf930745d6ae89a08a1cc87a3d},
note = {Accessed 2026-10-11. Data licensed CC BY 4.0}
}The figures on this page are open data under CC BY 4.0: reuse them with credit to Grantable and a link. Download the data.
Figures come from Gary Magness Family Foundation's IRS filings (methodology). AI-written summaries, news items and logos are not covered by the open licence. Spot an error? Email hello@grantable.co.
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