Mag Foundation
Mag Foundation is a private foundation, based in Salt Lake City, UT. IRS filing data is available from 2019 through 2024. As of 2024, the organization holds $471K in total assets. In 2024, it awarded 1 grant totaling $34K. Net investment income was $12K.
Mag Foundation at a glance
In short: Mag Foundation gave $34K across 1 grant in 2024 (avg $34K), mostly in California. Source: 2024 IRS Form 990-PF.
- Annual giving (2024)
- $34,000
- -91.9% vs 2023
- Grants made (2024)
- 1
- -50.0% vs 2023
- Average grant
- $34,000
- -83.7% vs 2023
- Median grant
- $34,000
- Total assets
- $471,002
- +12.9% vs 2023
- Primary geography
- California (100% of itemized 2024 grant dollars)
- Latest 990 filing
- Form 990-PF, 2024 View filing
Data from IRS Form 990-PF, 2024; updated October 2026.
Who Mag Foundation funds
How this funder distributes its grants
Top Recipients
Top recipient in 2024
The largest 2024 recipient was Cambodian Children's Fund ($34K).
Grant Size Distribution
7 grants across all recorded years
The most common grant size was under $50K: 6 grants of 7 (86%).
Geographic Focus
Where this funder awards grants
Grant Distribution by State
Share of the 2024 grant dollars on its one itemized grant.
Cities
How Mag Foundation gives
- Giving grew 101% from 2021 to 2024. Method
- In 2024 it paid out 144% 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 2019 to 2024, annual grant giving ranged from $8K (2022) to $418K (2023). In 2024 it made 1 grant totaling $34K.
Grants by year
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| Cambodian Children's Fund Santa Monica, CA | Sponsor Children'ts Education in Cam | $34,000 |
Ready to take the next step with Mag 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 | $471,002 | $92,087 | $38,232 | $34,000 | 1 | $34,000 | $12,173 | $23,683 |
| 2023 | $417,147 | $16,460 | $424,555 | $418,230 | 2 | $418,230 | $9,560 | $33,426 |
| 2022 | $825,242 | $34,346 | $16,914 | $7,850 | 1 | $7,850 | $13,878 | $46,913 |
| 2021 | $807,810 | $93,952 | $24,735 | $16,950 | 1 | $16,950 | — | $46,419 |
| 2020 | $738,593 | $91,334 | $39,102 | $28,400 | 2 | — | $2,170 | $33,391 |
| 2019 | $686,361 | $83,102 | $71,244 | $8,931 | 5 | — | $4,079 | — |
Under IRS private-foundation payout rules, Mag Foundation reported a distributable amount of $24K for 2024 — the minimum it must pay out in qualifying distributions.
Leadership & Key People
Officers and directors from IRS filings
Mag Foundation is led by Matthew Aaron Greeene, President on every filing since 2019 — the only officer listed, and uncompensated.
Officers on the 2024 filing
Matthew Aaron Greeene
President
On filings since 2019
5 hrs/week
No compensation reported
Former officers (1)
- Former: Juliann Boyce Greene (2019–2022) — Vice President
Data from IRS Form 990 filings, 2019–2024. "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 Mag Foundation
How much does Mag Foundation give each year?
Mag Foundation gave $34K across 1 grant in 2024, according to its 2024 IRS Form 990-PF. In 2023 it gave $418K across 2 grants.
How large is Mag Foundation?
Mag Foundation reported $471K in total assets on its 2024 IRS Form 990-PF. It paid out $34K in qualifying distributions that year, against a required minimum of $24K (roughly 5% of its investment assets).
Where does Mag Foundation operate?
Mag Foundation has awarded grants in California, Hawaii, Ohio, Oregon, Utah.
What is Mag Foundation's EIN?
Mag Foundation's EIN (Employer Identification Number) is 46-1680937. IRS Form 990 filing data is available on this page for 2019–2024.
Data last updated October 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 2019 (received by the IRS August 5, 2020)
- Updated Form 990-PF for fiscal year 2020 (received by the IRS October 21, 2021)
- Updated Form 990-PF for fiscal year 2021 (received by the IRS November 11, 2022)
- Updated Form 990-PF for fiscal year 2022 (received by the IRS November 13, 2023)
- Updated Form 990-PF for fiscal year 2023 (received by the IRS November 15, 2024)
- Updated Form 990-PF for fiscal year 2024 (received by the IRS November 18, 2025)
- IRS filings on file for fiscal years 2019–2024
Explore Open Grants
Browse active grant opportunities in Mag Foundation's focus areas in our free grants database
Similar Funders
Funders with grantees in common, and similar funders in Utah
Ernest H Hui Family Foundation
Kaneohe, HI
The Ernest H Hui Family Foundation supports charitable organizations in areas including community services, conservation, family support, education, housing, and public media. Its 2025 grants ranged from $100 to $10,000, with a median of $1,000; nearly half of grant dollars went to Hawaii, with others going to organizations in several states. It accepts unsolicited requests from eligible organizations, with no formal application or established deadline.
Assets
$1.4M
Grants
25
Total Given
$55K
Jewish Community Federation of San Francisco the Peninsula Marin & Sonoma
San Francisco, CA
The Federation funds Jewish life and identity, antisemitism response, crisis relief, human services, and justice and inclusion, with work in the Bay Area, Israel, and beyond. Its 2025 grants ranged from $5,050 to $2,405,915, with a median of $22,750. It frequently issues requests for proposals and welcomes inquiries about new Bay Area programs; no current organization grant opportunities were listed.
Assets
$2.0B
Grants
1,032
Total Given
$94.5M
The Clarence TC Ching Foundation
Honolulu, HI
The Clarence T.C. Ching Foundation supports Hawaii charities in education and workforce development, healthcare, housing, children and families, arts and culture, and sustainability, including specific programs and limited capital projects. In 2024, grants ranged from $5,000 to $600,000, with a median of $25,000. It accepts online applications from eligible tax-exempt public charities serving Hawaii.
Assets
$131.8M
Grants
63
Total Given
$5.4M
Silicon Valley Community Foundation
Mountain View, CA
Silicon Valley Community Foundation funds work in areas such as housing, economic security, education, health, the environment, arts and culture, and civic engagement, with Community Action Grants supporting local, community-led organizations in San Mateo and Santa Clara counties. Its 2024 grants had a median of $51,716, though amounts varied widely; applications depend on the program, and SVCF states that it does not accept unsolicited proposals for advised funds.
Assets
$12.3B
Grants
3,576
Total Given
$3.2B
Bristol-Myers Squibb Foundation Inc
Princeton, NJ
The Bristol-Myers Squibb Foundation supports health access and stronger health systems, with a focus on adult and pediatric cancers, blood disorders, brain health, and clinical-trial participation in the United States, Brazil, India, and ten Sub-Saharan African countries. In 2024, its median grant was about $134,000, though awards varied widely; it does not state whether it accepts unsolicited requests, and advises prospective applicants to contact the Foundation about its process.
Assets
$83.3M
Grants
144
Total Given
$67.7M
McInerny Foundation
Honolulu, HI
The McInerny Foundation supports tuition aid, programs and general operations, and small capital projects in education, health, human services, arts and culture, community, and environmental fields, primarily benefiting Hawai‘i residents. Its 2025 grants ranged from $5,000 to $250,000, with a median of $35,000; it gives mainly in Hawai‘i. It funds only preselected organizations and does not accept unsolicited requests.
Assets
$139.0M
Grants
107
Total Given
$5.7M
More similar funders
More Funders in Utah
The filing figures on this page are open data under CC BY 4.0. About GrantGraph Open
Figures come from Mag 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.
Mag Foundation down — hundreds of funders to go?