Magheramourne Foundation is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in NEWPORT BEACH, CA. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $981K in total assets. In 2024, it awarded 3 grants totaling $48K. Net investment income was $99K.
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$981K
+5.4% YoY
Annual Giving
$48K
-71.2% YoY
Grant Count
3
-50.0% YoY
Avg Grant Size
$16K
-42.4% YoY
Under IRS private-foundation payout rules, Magheramourne Foundation reported a distributable amount of $67K for 2024 — the minimum it must pay out in qualifying distributions.
About Magheramourne Foundation
Based on IRS filings
Magheramourne Foundation is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in NEWPORT BEACH, CA. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $981K in total assets. In 2024, it awarded 3 grants totaling $48K. Net investment income was $99K.
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 | $980,676 | $930,499 | $1,086,205 |
| Revenue | $112,348 | $23,273 | $126,580 |
| Expenses | $62,171 | $178,979 | $162,284 |
| Qualifying Distributions | $48,806 | $164,910 | $147,127 |
| Net Investment Income | $98,994 | $16,057 | $111,423 |
| Distributable Amount | $66,963 | $64,216 | $67,758 |
Giving Over Time
Total grant dollars and number of grants per year
Grant Insights
How this funder distributes its grants
Top Recipients
Top 3 recipients in 2024
Grant Size Distribution
17 grants across all recorded years
Giving History
Grant recipients and amounts by year
Among its reported 2024 grants, the largest include ThePaintedTurtle ($20,000), YouthonTheirOwn ($15,000), OrangewoodFoundation ($12,500).
| Recipient | Purpose | Amount |
|---|---|---|
| ThePaintedTurtle Santa Monica, CA | GENERAL PURPOSE | $20,000 |
| YouthonTheirOwn Tucson, AZ | General purpose | $15,000 |
| OrangewoodFoundation Santa Ana, CA | General purpose | $12,500 |
Leadership & Key People
Officers and directors from IRS filings
Compensation Overview
From 2024 IRS filing
From 2024 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| SUSAN MCDONALD | CFO, SECRETARY & DIRECTOR | 1 | — |
| CATE LEVAL | PRESIDENT & DIRECTOR | 1 | — |
Subject Areas
Focus areas based on grantmaking activity
Frequently Asked Questions
What is Magheramourne Foundation?
Magheramourne Foundation is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in NEWPORT BEACH, CA. It holds $981K in total assets as of 2024.
How large is Magheramourne Foundation?
As of 2024, Magheramourne Foundation holds $981K in total assets with $112K in annual revenue. It awarded 3 grants totaling $48K in 2024.
Where does Magheramourne Foundation operate?
Magheramourne Foundation has awarded grants in Arizona, California, Connecticut, New York.
What size grants does Magheramourne Foundation award?
In 2024, Magheramourne Foundation awarded 3 grants totaling $48K — an average of about $16K per grant, based on its IRS Form 990 filings.
How much is Magheramourne Foundation required to give away each year?
Private foundations must generally distribute about 5% of their assets annually. For 2024, Magheramourne Foundation reported a distributable amount of $67K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.
What is Magheramourne Foundation's EIN?
Magheramourne Foundation's EIN (Employer Identification Number) is 33-0736025. IRS Form 990 filing data is available on this page for 2020–2024.
Explore Open Grants
Browse active grant opportunities in Magheramourne 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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