Magazzino Italian Art Foundation

Private foundation · Grantmaker New York, NY EIN: 83-1666946

Magazzino Italian Art Foundation is a private foundation focused on Arts, Culture & Humanities, based in New York, NY. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $26.9M in total assets. In 2024, it awarded 2 grants totaling $1K.

Key facts about Magazzino Italian Art Foundation

In short: Magazzino Italian Art Foundation gave $1K across 2 grants in 2024 (avg $500), mostly in New York. Source: 2024 IRS Form 990-PF.

EIN
83-1666946
Latest 990 filing
Form 990-PF, 2024
Annual giving (2024)
$1,000
Grants made (2024)
2
Average grant
$500
Median grant
$500
Total assets
$26,925,035
Primary geography
New York (100% of itemized 2024 grant dollars)

Data from IRS Form 990-PF, 2024; updated September 2026.

Financial Overview

From 2024 IRS Form 990-PF · View filing

Total Assets

$26.9M

-0.8% YoY

Annual Giving

$1K

-41.2% YoY

Grant Count

2

-50.0% YoY

Avg Grant Size

$500

+17.6% YoY

How Magazzino Italian Art Foundation gives

  • Giving fell 78% from 2021 to 2024. Method

From the foundation's IRS Form 990-PF filings. Methodology.

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Geographic Focus

Where this funder awards grants

Grant Distribution by State

2states

Share of 2024 grant dollars across all 2 itemized grants.

Cities

Cold SpringNew YorkAlbanyBronxHolmesPoughkeepsieWashington

Giving Over Time

Total grant dollars and number of grants per year

$0$5K$10K$15K5 grants2020 5 grants2021 6 grants2022 4 grants2023 2 grants2024

From 2020 to 2024, annual grant giving ranged from $1K (2024) to $11K (2022). In 2024 it made 2 grants totaling $1K.

Grant Insights

How this funder distributes its grants

Top Recipients

Top 2 recipients in 2024

Haldane Arts Alliance: $500Haldane Arts Alliance$500Cold Spring Film Society: $500Cold Spring Film Society$500

The largest 2024 recipient was Haldane Arts Alliance ($500). Together the top 2 received $1K.

Grant Size Distribution

22 grants across all recorded years

22<$50K$50–100K$100–250K$250–500K$500K–1M$1–5M$5M+

The most common grant size was under $50K: 22 grants of 22 (100%).

Giving History

Grant recipients and amounts by year

RecipientPurposeAmount
Haldane Arts Alliance Cold Spring, NYGeneral Charitable Purposes$500
Cold Spring Film Society Cold Spring, NYGeneral Charitable Purposes$500

Financial History

Multi-year comparison from IRS filings

Revenue
Expenses
Qualifying Distributions
$0$5M$10M$15M2020 2021 2022 2023 2024
Metric202420232022
Total Assets$26,925,035$27,153,555$22,652,370
Revenue$4,579,484$9,448,907$7,091,870
Expenses$4,771,524$4,472,878$3,743,134
Qualifying Distributions$3,316,632$8,440,255$8,575,817

Data update history

When this profile's IRS filing data changed on Grantable

  1. IRS filings on file for fiscal years 2020–2024

Leadership & Key People

Officers and directors from IRS filings

Magazzino Italian Art Foundation's 2024 filing lists 4 officers; none of the 4 officers listed in 2024 report compensation.

Officers on the 2024 filing

  • Giorgio Spanu

    Trustee

    On filings since 2020

    10 hrs/week

    No compensation reported

  • Nancy Olnick

    Trustee

    On filings since 2020

    5 hrs/week

    No compensation reported

  • Stella Spanu

    Trustee

    On filings since 2020

    1 hr/week

    No compensation reported

  • Diana Schulte

    Secretary & Treasurer

    On filings since 2023

    10 hrs/week

    No compensation reported

Former officers (1)
  • Former: Steven Zbar (2021–2022) — Secretary & Treasurer

Data from IRS Form 990 filings, 2020–2024. "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 Magazzino Italian Art Foundation

How much does Magazzino Italian Art Foundation give each year?

Magazzino Italian Art Foundation gave $1K across 2 grants in 2024, according to its 2024 IRS Form 990-PF. In 2023 it gave $2K across 4 grants.

How large is Magazzino Italian Art Foundation?

Magazzino Italian Art Foundation reported $26.9M in total assets on its 2024 IRS Form 990-PF. Its revenue that year was $4.6M.

What is Magazzino Italian Art Foundation?

Magazzino Italian Art Foundation is a private foundation focused on Arts, Culture & Humanities, based in New York, NY. It holds $26.9M in total assets as of 2024.

Where does Magazzino Italian Art Foundation operate?

Magazzino Italian Art Foundation has awarded grants in District of Columbia, New York.

What is Magazzino Italian Art Foundation's EIN?

Magazzino Italian Art Foundation's EIN (Employer Identification Number) is 83-1666946. IRS Form 990 filing data is available on this page for 2020–2024.

Data last updated September 2026. Sourced from IRS Form 990-PF filings.

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