NON-PROFIT FUNDRAISING
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$845K
+6.6% YoY
Annual Giving
$89K
-1.9% YoY
Grant Count
3
+0.0% YoY
Avg Grant Size
$30K
-1.9% YoY
About Magi Fund Inc
Based on IRS filings
Magi Fund Inc is a nonprofit organization focused on Human Services, based in SALISBURY, MD. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $845K in total assets. In 2024, it awarded 3 grants totaling $89K. Net investment income was $20.
Focus Areas
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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 | $844,789 | $792,208 | $710,340 |
| Revenue | $103,311 | $104,102 | $106,744 |
| Expenses | $102,810 | $107,067 | $114,491 |
| Qualifying Distributions | — | — | — |
| Net Investment Income | $20 | $33 | $24 |
| Distributable Amount | — | — | — |
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
15 grants across all recorded years
Giving History
Grant recipients and amounts by year
Among its reported 2024 grants, the largest include Joseph House Center ($37,500), Christian Shelter ($37,500), Community Foundatio of the Eastern ($13,500).
| Recipient | Purpose | Amount |
|---|---|---|
| JOSEPH HOUSE CENTER SALISBURY, MD | TO FUND NONPROFIT | $37,500 |
| CHRISTIAN SHELTER SALISBURY, MD | TO FUND NONPROFIT | $37,500 |
| COMMUNITY FOUNDATIO OF THE EASTERN SALISBURY, MD | TO FUND NONPROFIT | $13,500 |
Leadership & Key People
Officers and directors from IRS filings
Compensation Overview
From 2024 IRS filing
From 2024 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| KATHY ALESSI | TRUSTEE | — | — |
| BRENDA ALLEN | TRUSTEE | — | — |
| JACKIE CASSIDY | TRUSTEE | — | — |
| PEGGY PALMER | TRUSTEE | — | — |
| CYNTHIA WILLIAMS | TRUSTEE | — | — |
| ROBIN COCKEY | SECRETARY | — | — |
| BONNIE NELSON LUNA | CHAIRWOMAN | — | — |
| MARTY NEAT | TREASURER | — | — |
Subject Areas
Focus areas based on grantmaking activity
Frequently Asked Questions
What is Magi Fund Inc?
Magi Fund Inc is a nonprofit organization focused on Human Services, based in SALISBURY, MD. It holds $845K in total assets as of 2024.
How large is Magi Fund Inc?
As of 2024, Magi Fund Inc holds $845K in total assets with $103K in annual revenue. It awarded 3 grants totaling $89K in 2024.
Where does Magi Fund Inc operate?
Magi Fund Inc has awarded grants in Maryland.
What size grants does Magi Fund Inc award?
In 2024, Magi Fund Inc awarded 3 grants totaling $89K — an average of about $30K per grant, based on its IRS Form 990 filings.
What is Magi Fund Inc's EIN?
Magi Fund Inc's EIN (Employer Identification Number) is 52-1903823. IRS Form 990 filing data is available on this page for 2020–2024.
Explore Open Grants
Browse active grant opportunities in Magi Fund Inc'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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