Magale Foundation Inc
Magale Foundation Inc is a private foundation, based in SHREVEPORT, LA. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $2.5M in total assets. In 2024, it awarded 13 grants totaling $142K. Net investment income was $181K.
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$2.5M
+1.3% YoY
Annual Giving
$142K
-2.5% YoY
Grant Count
13
+0.0% YoY
Avg Grant Size
$11K
-2.5% YoY
Under IRS private-foundation payout rules, Magale Foundation Inc reported a distributable amount of $162K for 2024 — the minimum it must pay out in qualifying distributions.
About Magale Foundation Inc
Based on IRS filings
Magale Foundation Inc is a private foundation, based in SHREVEPORT, LA. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $2.5M in total assets. In 2024, it awarded 13 grants totaling $142K. Net investment income was $181K.
Ready to take the next step with Magale Foundation Inc?
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 | $2,498,591 | $2,465,894 | $2,323,808 |
| Revenue | $206,266 | $314,685 | $145,276 |
| Expenses | $172,734 | $172,597 | $184,339 |
| Qualifying Distributions | $143,279 | $146,906 | $156,235 |
| Net Investment Income | $180,851 | $290,672 | $120,701 |
| Distributable Amount | $161,643 | $138,987 | $146,402 |
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
73 grants across all recorded years
Giving History
Grant recipients and amounts by year
Among its reported 2024 grants, the largest include Bossier Parish Community College Fo ($25,000), Nw State University Foundation ($25,000), Southern Arkansas University Founda ($25,000).
| Recipient | Purpose | Amount |
|---|---|---|
| THE ARC OF CADDO-BOSSIER SHREVEPORT, LA | GENERAL FUND | $5,000 |
| BIOMEDICAL RESEARCH FOUNDATION OF N SHREVEPORT, LA | HELPS UNDERWRITE EDUCATION INTERNSHIP FOR HS SENIORS IN SCIENCE AND MEDICINE | $7,000 |
| BOSSIER PARISH COMMUNITY COLLEGE FO BOSSIER CITY, LA | JOHN AND JOANNA MAGALE ENDOWED WORKFORCE SCHOLARSHIP IN ALLIED HEALTH | $25,000 |
| BOYS GIRLS CLUB OF MAGNOLIA INC MAGNOLIA, AR | CAPITAL IMPROVEMENTS TO BOYS AND GIRLS CLUB FACILITY | $10,000 |
| CENTENARY COLLEGE OF LA FOUNDATION SHREVEPORT, LA | FUNDS TO ASSIST LIBRARY FESTIVAL | $5,000 |
| LSUS FOUNDATION SHREVEPORT, LA | JOHN & JOANN MAGALE ENDOWED SCHOLARSHIP | $10,000 |
| MAGNOLIA SPECIALIZED SERVICES MAGNOLIA, AR | FUNDS FOR AUTISM PROGRAM TO PROVIDE SPEECH AND OCCUPATIONAL THERAPIES | $7,500 |
| NW STATE UNIVERSITY FOUNDATION NATCHITOCHES, LA | SCHOOL OF CREATIVE AND PERFORMING ARTS - MAGALE SCHOLARSHIP FUND | $25,000 |
| SOUTHERN ARKANSAS UNIVERSITY FOUNDA MAGNOLIA, AR | PURCHASE OF 16 NEW MUSICAL INSTRUMENTS FOR SAU BAND | $25,000 |
| UP WITH DOWNS BOSSIER CITY, LA | GENERAL FUND | $5,000 |
Leadership & Key People
Officers and directors from IRS filings
Compensation Overview
From 2024 IRS filing
From 2024 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| MICHAEL EPLEY | President | — | — |
| REESE LEWIS | Vice President | — | — |
| CAROLINE WALLER | Secretary | — | — |
| WILLIAM WOOD | Treasurer | — | — |
Frequently Asked Questions
How large is Magale Foundation Inc?
As of 2024, Magale Foundation Inc holds $2.5M in total assets with $206K in annual revenue. It awarded 13 grants totaling $142K in 2024.
Where does Magale Foundation Inc operate?
Magale Foundation Inc has awarded grants in Arkansas, Louisiana.
What size grants does Magale Foundation Inc award?
In 2024, Magale Foundation Inc awarded 13 grants totaling $142K — an average of about $11K per grant, based on its IRS Form 990 filings.
How much is Magale Foundation Inc required to give away each year?
Private foundations must generally distribute about 5% of their assets annually. For 2024, Magale Foundation Inc reported a distributable amount of $162K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.
What is Magale Foundation Inc's EIN?
Magale Foundation Inc's EIN (Employer Identification Number) is 72-6025096. IRS Form 990 filing data is available on this page for 2020–2024.
Explore Open Grants
Browse active grant opportunities in Magale Foundation Inc's focus areas in our free grants database
Related Funders
Similar funders by location and focus area
Team Lamada
BATON ROUGE, LA
Assets
—
Grants
0
Total Given
—
The Feather Fund NOLA
MANDEVILLE, LA
Assets
$3K
Grants
0
Total Given
—
Orleans Parish Prison Reform Coalition
NEW ORLEANS, LA
Assets
$156K
Grants
1
Total Given
$20K
Ballengee Family Foundation Trust
SHREVEPORT, LA
Assets
—
Grants
4
Total Given
$7K
Foundation for Louisiana
NEW ORLEANS, LA
Assets
$16.8M
Grants
99
Total Given
$2.1M
The Fellowship of Orthopaedic
METAIRIE, LA
Assets
$903K
Grants
0
Total Given
—
Data last updated April 2026. Sourced from IRS Form 990-PF filings.
What could you do with Magale Foundation Inc on Grantable?
- Assess strategic fit with your organization
- Draft a tailored letter of inquiry
- Find open RFPs from this funder
- Monitor for new funding opportunities
Go from researching Magale Foundation Inc to a real strategy.