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
Under IRS private-foundation payout rules, Magistro Family Foundation Inc reported a distributable amount of $418K for 2024 — the minimum it must pay out in qualifying distributions.
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
Among its reported 2024 grants, the largest include Cystinosis Research Foundation ($200,000), Pomona Valley Hospital Medical Ctr Fdn ($80,000), Foundation for Physical Therapy Research ($50,000).
| Recipient | Purpose | Amount |
|---|---|---|
| CYSTINOSIS RESEARCH NETWORK INC LAKE FOREST, IL | UNRESTRICTED GENERAL | $7,500 |
| ARTHUR ASHE INSTITUTE FOR URBAN HEALTH BROOKLYN, NY | UNRESTRICTED GENERAL | $20,000 |
| FOUNDATION FOR PHYSICAL THERAPY RESEARCH ALEXANDRIA, VA | UNRESTRICTED GENERAL | $50,000 |
| POMONA HOPE POMONA, CA | UNRESTRICTED GENERAL | $25,000 |
| UNITED BOYS & GIRLS CLUBS OF GTR SANTA SANTA BARBARA, CA | UNRESTRICTED GENERAL | $25,000 |
| SANTA YNEZ VALLEY BOTANIC GARDEN FDN BUELLTON, CA | UNRESTRICTED GENERAL | $10,000 |
| CYSTINOSIS RESEARCH FOUNDATION IRVINE, CA | UNRESTRICTED GENERAL | $200,000 |
| BRICOLAGE ACADEMY NEW ORLEANS, LA | UNRESTRICTED GENERAL | $7,500 |
| AMERICAN FRIENDS OF LOVEITALY WASHINGTON, DC | UNRESTRICTED GENERAL | $5,000 |
| BRIGHT PROSPECT POMONA, CA | UNRESTRICTED GENERAL | $25,000 |
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
Frequently Asked Questions
What does Magistro Family Foundation Inc fund?
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.
How do I apply for a grant from Magistro Family Foundation Inc?
**Grant Amounts:** Typical awards range from $2,500 to $500,000. **Recent Grant Activity:** The foundation awarded $625,000 in total giving according to the most recent financial data. **Specific Research Grants:** The Magistro Family Foundation Research Grant, administered through the Foundation for Physical Therapy Research, supports researchers studying the effectiveness and innovation of interventions delivered by physical therapists. This grant provides $175,000 in funding for 1 to 2 years…
Where does Magistro Family Foundation Inc make grants?
The foundation's grant-making has primary focus in: • California • Louisiana • Alaska
What size grants does Magistro Family Foundation Inc award?
In 2024, Magistro Family Foundation Inc awarded 20 grants totaling $625K — an average of about $31K per grant, based on its IRS Form 990 filings.
How much is Magistro Family Foundation Inc required to give away each year?
Private foundations must generally distribute about 5% of their assets annually. For 2024, Magistro Family Foundation Inc reported a distributable amount of $418K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.
What is Magistro Family Foundation Inc's EIN?
Magistro Family Foundation Inc's EIN (Employer Identification Number) is 68-0527894. IRS Form 990 filing data is available on this page for 2020–2024.
Explore Open Grants
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Data last updated June 2026. Sourced from IRS Form 990-PF filings. Research dossier generated April 2026.
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