Gene Magleby Foundation
Gene Magleby Foundation is a private foundation focused on Education, based in Idaho Falls, ID. IRS filing data is available from 2020 through 2025. As of 2025, the organization holds $898K in total assets. In 2025, it awarded 1 grant totaling $58K. Net investment income was $85K.
Gene Magleby Foundation at a glance
In short: Gene Magleby Foundation gave $58K across 1 grant in 2025 (avg $58K), mostly in Idaho. Source: 2025 IRS Form 990-PF.
- Annual giving (2025)
- $57,700
- -7.4% vs 2024
- Grants made (2025)
- 1
- +0.0% vs 2024
- Average grant
- $57,700
- -7.4% vs 2024
- Median grant
- $57,700
- Total assets
- $898,147
- +1.8% vs 2024
- Primary geography
- Idaho (100% of itemized 2025 grant dollars)
- Latest 990 filing
- Form 990-PF, 2025 View filing
Data from IRS Form 990-PF, 2025; updated September 2026.
Who Gene Magleby Foundation funds
How this funder distributes its grants
Top Recipients
Top recipient in 2025
The largest 2025 recipient was Idaho State University ($58K).
Grant Size Distribution
5 grants across all recorded years
The most common grant size was in the $50–100K range: 5 grants of 5 (100%).
Geographic Focus
Where this funder awards grants
Grant Distribution by State
Share of the 2025 grant dollars on its one itemized grant.
States
Cities
How Gene Magleby Foundation gives
- Giving held roughly steady from 2022 to 2025 (−10%). Method
- In 2025 it paid out 109% of its IRS minimum distribution (the 5% rule). Method
From the foundation's IRS Form 990-PF filings. Methodology.
Giving History
Giving Over Time
Total grant dollars and number of grants per year
From 2020 to 2025, annual grant giving ranged from $57K (2020) to $64K (2022). In 2025 it made 1 grant totaling $58K.
Grants by year
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| Idaho State University Pocatello, ID | Education | $57,700 |
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Financial History
Multi-year comparison from IRS filings
| Filing year | Total Assets | Revenue | Expenses | Grants paid | Grants | Qualifying Distributions | Net Investment Income | Distributable Amount |
|---|---|---|---|---|---|---|---|---|
| 2025 | $898,147 | $104,067 | $88,488 | $57,700 | 1 | $69,700 | $85,279 | $64,007 |
| 2024 | $882,587 | $110,336 | $92,297 | $62,300 | 1 | $66,000 | $5,702 | $62,093 |
| 2023 | $864,758 | $42,483 | $90,739 | $62,200 | 1 | $63,269 | $15,012 | $66,396 |
| 2022 | $913,014 | $-3,103 | $95,073 | $64,000 | 1 | $67,975 | $1,474 | $66,585 |
| 2021 | $1,012,213 | $112,872 | $92,067 | $60,000 | 1 | $60,000 | $95,805 | $65,254 |
| 2020 | $995,768 | $93,252 | $74,616 | $57,000 | 1 | — | $78,158 | $58,394 |
Under IRS private-foundation payout rules, Gene Magleby Foundation reported a distributable amount of $64K for 2025 — the minimum it must pay out in qualifying distributions.
Leadership & Key People
Officers and directors from IRS filings
Gene Magleby Foundation's 2025 filing lists 2 officers; all 2 officers listed in 2025 are compensated.
Officers on the 2025 filing
Kathy Buckland
Co-Trustee
On filings since 2020
$6K (2021) → $6K (2025)
Russ Buckland
Co-Trustee
On filings since 2020
$6K (2021) → $6K (2025)
Data from IRS Form 990 filings, 2020–2025. "On filings since" is the earliest filing we hold that lists the person; hours are average hours per week as reported.
Compensation Overview
From 2025 IRS filing
The highest reported compensation on the 2025 filing was $6K, to Russ Buckland (Co-Trustee). 2 officers or directors reported compensation on that filing.
Frequently asked questions about Gene Magleby Foundation
How much does Gene Magleby Foundation give each year?
Gene Magleby Foundation gave $58K across 1 grant in 2025, according to its 2025 IRS Form 990-PF. In 2024 it gave $62K across 1 grant.
How large is Gene Magleby Foundation?
Gene Magleby Foundation reported $898K in total assets on its 2025 IRS Form 990-PF. It paid out $70K in qualifying distributions that year, against a required minimum of $64K (roughly 5% of its investment assets).
What is Gene Magleby Foundation?
Gene Magleby Foundation is a private foundation focused on Education, based in Idaho Falls, ID. It holds $898K in total assets as of 2025.
Where does Gene Magleby Foundation operate?
Gene Magleby Foundation has awarded grants in Idaho.
What is Gene Magleby Foundation's EIN?
Gene Magleby Foundation's EIN (Employer Identification Number) is 27-6465621. IRS Form 990 filing data is available on this page for 2020–2025.
Data last updated September 2026. Sourced from IRS Form 990-PF filings.
Data update history
(7)
When this profile's IRS filing data changed on Grantable
- Updated Form 990-PF for fiscal year 2020 (received by the IRS August 12, 2021)
- Updated Form 990-PF for fiscal year 2021 (received by the IRS May 16, 2022)
- Updated Form 990-PF for fiscal year 2022 (received by the IRS May 15, 2023)
- Updated Form 990-PF for fiscal year 2023 (received by the IRS May 14, 2024)
- Updated Form 990-PF for fiscal year 2024 (received by the IRS January 28, 2026)
- Added Form 990-PF for fiscal year 2025 (received by the IRS May 11, 2026)
- IRS filings on file for fiscal years 2020–2024
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