James D and Diane S Magnus Foundation
James D and Diane S Magnus Foundation is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in GAINESVILLE, GA. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $1.6M in total assets. In 2024, it awarded 23 grants totaling $124K. Net investment income was $182K.
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$1.6M
+2.8% YoY
Annual Giving
$124K
-33.0% YoY
Grant Count
23
+21.1% YoY
Avg Grant Size
$5K
-44.6% YoY
Under IRS private-foundation payout rules, James D and Diane S Magnus Foundation reported a distributable amount of $110K for 2024 — the minimum it must pay out in qualifying distributions.
About James D and Diane S Magnus Foundation
Based on IRS filings
James D and Diane S Magnus Foundation is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in GAINESVILLE, GA. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $1.6M in total assets. In 2024, it awarded 23 grants totaling $124K. Net investment income was $182K.
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 | $1,552,917 | $1,510,444 | $1,628,478 |
| Revenue | $181,932 | $81,999 | $1,027,864 |
| Expenses | $139,459 | $200,033 | $230,791 |
| Qualifying Distributions | $124,000 | $185,000 | $226,845 |
| Net Investment Income | $181,932 | $71,100 | $57,252 |
| Distributable Amount | $110,079 | $96,923 | $92,887 |
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
125 grants across all recorded years
Giving History
Grant recipients and amounts by year
Among its reported 2024 grants, the largest include University of Georgia Athletic Association ($31,000), Choices Pregnancy Care Center ($25,000), Lanier Christian Academy ($12,000).
| Recipient | Purpose | Amount |
|---|---|---|
| AMERICAN BRAIN FOUNDATION MINNEAPOLIS, MN | GENERAL SUPPORT | $1,000 |
| NORTH HALL TOUCHDOWN CLUB MURRAYVILLE, GA | GENERAL SUPPORT FOR ATHLETIC PROGRAMS AT NORTH HALL | $1,000 |
| NORTH GEORGIA COMMUNITY FOUNDATION GAINESVILLE, GA | SUPPORT FOR THE MATHIS COMMUNITY HOPE FUND | $1,000 |
| KEATON FRANKLIN COKER FOUNDATION GAINESVILLE, GA | GENERAL SUPPORT FOR THE THUMBS UP MISSION | $1,000 |
| HALL COUNTY SPECIAL OLYMPICS GAINESVILLE, GA | GENERAL SUPPORT | $1,000 |
| WESTMINSTER PRESBYTERIAN CHURCH GAINESVILLE, GA | GENERAL SUPPORT IN MEMORY OF CHERYL RAWLS | $1,000 |
| GEORGIA MOUNTAIN FOODBANK GAINESVILLE, GA | ADDRESS HUNGER, HEALTH AND QUALITY OF LIFE BY SERVING THOSE IN NEED | $1,000 |
| CENTRAL BAPTIST CHURCH GAINESVILLE, GA | GENERAL SUPPORT | $1,000 |
| COMMUNITY FOUNDATION OF HENDERSON CO HENDERSONVILLE, NC | KENMURE FIGHTS CANCER FUND | $1,000 |
| ELIZA BAKER MEMORIAL SCHOLARSHIP ALEXANDRIA, VA | GENERAL SUPPORT | $2,000 |
Leadership & Key People
Officers and directors from IRS filings
Compensation Overview
From 2024 IRS filing
From 2024 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| JAMES D MAGNUS | TRUSTEE | — | — |
| DIANE S MAGNUS | TRUSTEE | — | — |
| BAYA M PRUITT | TRUSTEE | — | — |
| BROOKE KALINAUSKAS | TRUSTEE | — | — |
Subject Areas
Focus areas based on grantmaking activity
Frequently Asked Questions
What is James D and Diane S Magnus Foundation?
James D and Diane S Magnus Foundation is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in GAINESVILLE, GA. It holds $1.6M in total assets as of 2024.
How large is James D and Diane S Magnus Foundation?
As of 2024, James D and Diane S Magnus Foundation holds $1.6M in total assets with $182K in annual revenue. It awarded 23 grants totaling $124K in 2024.
Where does James D and Diane S Magnus Foundation operate?
James D and Diane S Magnus Foundation has awarded grants in Alabama, California, Colorado, Georgia, Maryland, Minnesota, North Carolina, Pennsylvania, Virginia.
What size grants does James D and Diane S Magnus Foundation award?
In 2024, James D and Diane S Magnus Foundation awarded 23 grants totaling $124K — an average of about $5K per grant, based on its IRS Form 990 filings.
How much is James D and Diane S Magnus Foundation required to give away each year?
Private foundations must generally distribute about 5% of their assets annually. For 2024, James D and Diane S Magnus Foundation reported a distributable amount of $110K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.
What is James D and Diane S Magnus Foundation's EIN?
James D and Diane S Magnus Foundation's EIN (Employer Identification Number) is 60-0000489. IRS Form 990 filing data is available on this page for 2020–2024.
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Data last updated April 2026. Sourced from IRS Form 990-PF filings.
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