Magdalen Foundation
Magdalen Foundation is a private foundation, based in BELLEVUE, WA. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $601K in total assets. In 2024, it awarded 6 grants totaling $105K. Net investment income was $50K.
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$601K
-8.3% YoY
Annual Giving
$105K
+250.0% YoY
Grant Count
6
+200.0% YoY
Avg Grant Size
$18K
+16.7% YoY
Under IRS private-foundation payout rules, Magdalen Foundation reported a distributable amount of $33K for 2024 — the minimum it must pay out in qualifying distributions.
About Magdalen Foundation
Based on IRS filings
Magdalen Foundation is a private foundation, based in BELLEVUE, WA. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $601K in total assets. In 2024, it awarded 6 grants totaling $105K. Net investment income was $50K.
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Geographic Focus
Where this funder awards grants
Grant Distribution by State
States
Cities
Financial History
Multi-year comparison from IRS filings
| Metric | 2024 | 2023 | 2022 |
|---|---|---|---|
| Total Assets | $600,785 | $655,362 | $665,757 |
| Revenue | $56,176 | $25,247 | $59,565 |
| Expenses | $110,753 | $40,592 | $143,191 |
| Qualifying Distributions | $105,000 | $30,000 | $127,500 |
| Net Investment Income | $50,423 | $14,655 | $53,335 |
| Distributable Amount | $33,004 | $32,847 | $36,544 |
Giving Over Time
Total grant dollars and number of grants per year
Grant Insights
How this funder distributes its grants
Top Recipients
Top 6 recipients in 2024
Grant Size Distribution
39 grants across all recorded years
Giving History
Grant recipients and amounts by year
Among its reported 2024 grants, the largest include Union Gospel Mission ($25,000), Northwest Harvest ($25,000), Seattle Chamber Music Society ($25,000).
| Recipient | Purpose | Amount |
|---|---|---|
| CARMELITE MONASTERY OF SEATTLE SEATTLE, WA | UNRESTRICTED | $10,000 |
| ST JAMES CATHEDRAL SEATTLE, WA | UNRESTRICTED | $10,000 |
| UNION GOSPEL MISSION SEATTLE, WA | UNRESTRICTED | $25,000 |
| NORTHWEST HARVEST SEATTLE, WA | UNRESTRICTED | $25,000 |
| SWEDISH MEDICAL CENTER FOUNDATION SEATTLE, WA | UNRESTRICTED | $10,000 |
| SEATTLE CHAMBER MUSIC SOCIETY SEATTLE, WA | UNRESTRICTED | $25,000 |
Leadership & Key People
Officers and directors from IRS filings
Compensation Overview
From 2024 IRS filing
From 2024 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| NICHOLAS J BEZ | TRUSTEE | 2 | — |
Frequently Asked Questions
How large is Magdalen Foundation?
As of 2024, Magdalen Foundation holds $601K in total assets with $56K in annual revenue. It awarded 6 grants totaling $105K in 2024.
Where does Magdalen Foundation operate?
Magdalen Foundation has awarded grants in Delaware, Washington.
What size grants does Magdalen Foundation award?
In 2024, Magdalen Foundation awarded 6 grants totaling $105K — an average of about $18K per grant, based on its IRS Form 990 filings.
How much is Magdalen Foundation required to give away each year?
Private foundations must generally distribute about 5% of their assets annually. For 2024, Magdalen Foundation reported a distributable amount of $33K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.
What is Magdalen Foundation's EIN?
Magdalen Foundation's EIN (Employer Identification Number) is 91-1114068. IRS Form 990 filing data is available on this page for 2020–2024.
Explore Open Grants
Browse active grant opportunities in Magdalen Foundation's focus areas in our free grants database
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Data last updated April 2026. Sourced from IRS Form 990-PF filings.
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