Magna Carta Foundation Inc is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in CALABASAS, CA. IRS filing data is available from 2021 through 2024. As of 2024, the organization holds $1.3M in total assets. In 2024, it awarded 7 grants totaling $40K. Net investment income was $43K.
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$1.3M
+2.3% YoY
Annual Giving
$40K
-35.7% YoY
Grant Count
7
-41.7% YoY
Avg Grant Size
$6K
+10.3% YoY
Under IRS private-foundation payout rules, Magna Carta Foundation Inc reported a distributable amount of $52K for 2024 — the minimum it must pay out in qualifying distributions.
About Magna Carta Foundation Inc
Based on IRS filings
Magna Carta Foundation Inc is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in CALABASAS, CA. IRS filing data is available from 2021 through 2024. As of 2024, the organization holds $1.3M in total assets. In 2024, it awarded 7 grants totaling $40K. Net investment income was $43K.
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 | $1,253,031 | $1,225,301 | $1,387,793 |
| Revenue | $50,448 | $7,916 | $-150,007 |
| Expenses | $49,043 | $70,996 | $88,447 |
| Qualifying Distributions | $45,959 | $67,344 | $85,366 |
| Net Investment Income | $43,364 | $264 | $11,932 |
| Distributable Amount | $52,012 | $53,907 | $72,087 |
Giving Over Time
Total grant dollars and number of grants per year
Grant Insights
How this funder distributes its grants
Top Recipients
Top 7 recipients in 2024
Grant Size Distribution
68 grants across all recorded years
Giving History
Grant recipients and amounts by year
Among its reported 2024 grants, the largest include Los Angeles Sports & Entertainment Commission ($20,000), Viewpoint School ($10,000), Spectrum Inc ($5,000).
| Recipient | Purpose | Amount |
|---|---|---|
| FRIENDS ACADEMY LOCUST VALLEY, NY | GENERAL SUPPORT | $1,000 |
| Guidestar USA Inc Williamsburg, VA | GENERAL SUPPORT | $2,199 |
| Los Angeles Sports & Entertainment Commission Los Angeles, CA | General Support | $20,000 |
| Viewpoint School Calabasas, CA | General Support | $10,000 |
| UNIVERSITY of MIAMI Coral Gables, FL | General Support | $1,000 |
| SPECTRUM INC BURLINGTON, VT | GENERAL SUPPORT | $5,000 |
| Pitzer College Claremont, CA | GENERAL SUPPORT | $1,000 |
Leadership & Key People
Officers and directors from IRS filings
Compensation Overview
From 2024 IRS filing
From 2024 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| ANDREW L FURGATCH | PRESIDENT/DIRECTOR | 4 | — |
Subject Areas
Focus areas based on grantmaking activity
Frequently Asked Questions
What is Magna Carta Foundation Inc?
Magna Carta Foundation Inc is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in CALABASAS, CA. It holds $1.3M in total assets as of 2024.
How large is Magna Carta Foundation Inc?
As of 2024, Magna Carta Foundation Inc holds $1.3M in total assets with $50K in annual revenue. It awarded 7 grants totaling $40K in 2024.
Where does Magna Carta Foundation Inc operate?
Magna Carta Foundation Inc has awarded grants in California, District of Columbia, Florida, New York, Virginia, Vermont.
What size grants does Magna Carta Foundation Inc award?
In 2024, Magna Carta Foundation Inc awarded 7 grants totaling $40K — an average of about $6K per grant, based on its IRS Form 990 filings.
How much is Magna Carta Foundation Inc required to give away each year?
Private foundations must generally distribute about 5% of their assets annually. For 2024, Magna Carta Foundation Inc reported a distributable amount of $52K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.
What is Magna Carta Foundation Inc's EIN?
Magna Carta Foundation Inc's EIN (Employer Identification Number) is 22-3875602. IRS Form 990 filing data is available on this page for 2021–2024.
Explore Open Grants
Browse active grant opportunities in Magna Carta Foundation 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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