Gene Magleby Foundation

IDAHO FALLS, ID EIN: 27-6465621

Gene Magleby Foundation is a private foundation focused on Education, based in IDAHO FALLS, ID. IRS filing data is available from 2020 through 2023. As of 2023, the organization holds $865K in total assets. In 2023, it awarded 1 grants totaling $62K. Net investment income was $15K.

Financial Overview

From 2023 IRS Form 990-PF · View filing

Total Assets

$865K

-5.3% YoY

Annual Giving

$62K

-2.8% YoY

Grant Count

+0.0% YoY

Avg Grant Size

$62K

-2.8% YoY

Under IRS private-foundation payout rules, Gene Magleby Foundation reported a distributable amount of $66K for 2023 — the minimum it must pay out in qualifying distributions.

About Gene Magleby Foundation

Based on IRS filings

Focus Areas

Education

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Geographic Focus

Where this funder awards grants

Grant Distribution by State

Idaho $243K (100%)

States

Idaho

Cities

Pocatello

Financial History

Multi-year comparison from IRS filings

Revenue

Expenses

Qualifying Distributions

Net Investment Income

Metric	2023	2022	2021
Total Assets	$864,758	$913,014	$1,012,213
Revenue	$42,483	$-3,103	$112,872
Expenses	$90,739	$95,073	$92,067
Qualifying Distributions	$63,269	$67,975	$60,000
Net Investment Income	$15,012	$1,474	$95,805
Distributable Amount	$66,396	$66,585	$65,254

Giving Over Time

Total grant dollars and number of grants per year

Grant Insights

How this funder distributes its grants

Top Recipients

Top 1 recipients in 2023

Grant Size Distribution

4 grants across all recorded years

Giving History

Grant recipients and amounts by year

Among its reported 2023 grants, the largest include Idaho State University ($62,200).

Recipient	Purpose	Amount
IDAHO STATE UNIVERSITY POCATELLO, ID	EDUCATIONAL	$62,200

Leadership & Key People

Officers and directors from IRS filings

Compensation Overview

From 2023 IRS filing

From 2023 filing

Name	Title	Hours	Compensation
RUSS BUCKLAND	CO-TRUSTEE	—	$6,000
KATHY BUCKLAND	CO-TRUSTEE	—	$6,000

Subject Areas

Focus areas based on grantmaking activity

Education

Frequently Asked Questions

What is Gene Magleby Foundation?

Gene Magleby Foundation is a private foundation focused on Education, based in IDAHO FALLS, ID. It holds $865K in total assets as of 2023.

How large is Gene Magleby Foundation?

As of 2023, Gene Magleby Foundation holds $865K in total assets with $42K in annual revenue. It awarded 1 grants totaling $62K in 2023.

Where does Gene Magleby Foundation operate?

Gene Magleby Foundation has awarded grants in Idaho.

What size grants does Gene Magleby Foundation award?

In 2023, Gene Magleby Foundation awarded 1 grants totaling $62K — an average of about $62K per grant, based on its IRS Form 990 filings.

How much is Gene Magleby Foundation required to give away each year?

Private foundations must generally distribute about 5% of their assets annually. For 2023, Gene Magleby Foundation reported a distributable amount of $66K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.