Magistro Family Foundation Inc
Magistro Family Foundation Inc is a private family foundation based in Pennington, New Jersey. The foundation was established in 2002 in California and focuses on medical research and education, with particular emphasis on physical therapy research and rehabilitation.
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$8.4M
+1.4% YoY
Annual Giving
$625K
-21.9% YoY
Grant Count
20
-16.7% YoY
Avg Grant Size
$31K
-6.3% YoY
Mission & Focus Areas
The foundation's primary giving focuses on:
- Medical research
- Education
- Philanthropy, voluntarism, and grantmaking
- Human services
- Health and medical research
- Community health
The foundation maintains a specific commitment to supporting the investigation of innovative therapeutic interventions within the practice of rehabilitation.
Grantmaking
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Geographic Focus
Where this funder awards grants
The foundation's grant-making has primary focus in:
- California
- Louisiana
- Alaska
Grant Distribution by State
Cities
Financial History
Multi-year comparison from IRS filings
- Total Assets: $8,355,148
- Total Giving: $625,000
| Metric | 2024 | 2023 | 2022 |
|---|---|---|---|
| Total Assets | $8,355,148 | $8,239,789 | $7,923,169 |
| Revenue | $495,683 | $498,094 | $202,441 |
| Expenses | $676,425 | $839,055 | $1,070,134 |
| Qualifying Distributions | $642,349 | $815,868 | $1,026,223 |
| Net Investment Income | $472,135 | $467,335 | $177,282 |
| Distributable Amount | $417,786 | $390,373 | $931,204 |
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
102 grants across all recorded years
Giving History
Grant recipients and amounts by year
No grants recorded for .
Leadership & Key People
Leadership team and compensation from IRS filings
Charles M. Magistro established the Magistro Family Endowment Fund in 2005 and served as the first Board of Trustees chair. Charles and his family have been intimately involved with the foundation since its inception.
Compensation Overview
From 2024 IRS filing
From 2024 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| PAULETTE SIMPSON | PRESIDENT | 2 | — |
| JULIA BAUMGAERTNER | SECRETARY | 2 | $3,000 |
| KEVIN SIMPSON | TREASURER | 1 | — |
| ELISE MAGISTRO | DIRECTOR | — | — |
| MARIA MAGISTRO-SHERRY | DIRECTOR | — | — |
| IAN SIMPSON | DIRECTOR | — | — |
| MICHAEL BAUMGAERTNER | DIRECTOR | — | — |
| ERICA SIMPSON | DIRECTOR | — | — |
| GABRIEL BAUMGAERTNER | DIRECTOR | — | — |
Recent News & Activity
Recent developments and announcements
The foundation's commitment to physical therapy research continues through ongoing grant programs. An interactive library space at the American Physical Therapy Association was dedicated to honor Charles and Noël Magistro. The foundation regularly announces research grant funding opportunities through the Foundation for Physical Therapy Research, with recent funding announcements made for 2023, 2024, and 2025 grant cycles.
News | Interactive APTA Library Space To Honor Charles and No\xEBl MagistroSubject Areas
Focus areas based on grantmaking activity
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Data last updated April 2026. Sourced from IRS Form 990-PF filings. Research dossier generated April 2026.
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