Magnetar Capital Foundation
Magnetar Capital Foundation is a private foundation based in Evanston, Illinois. Its reported 2023 grants supported organizations serving young people and providing visual arts programs; its 2024 filing reports no grants.
Magnetar Capital Foundation at a glance
- Total assets
- $21,734
- -20.4% vs 2023
- Revenue (2024)
- $30,228
- +1393.5% vs 2023
- Qualifying distributions (2024)
- $36,046
- +9.4% vs 2023
- Expenses (2024)
- $26,356
- -12.5% vs 2023
- Latest 990 filing
- Form 990-PF, 2024 View filing
Data from IRS Form 990-PF, 2024; updated October 2026.
How to apply to Magnetar Capital Foundation
- Accepts unsolicited proposals
- No
- How to Apply
-
The foundation states that it makes contributions only to preselected charitable organizations and does not accept unsolicited requests for funds.
- Contact
Mailing address: 1603 Orrington Avenue, Evanston, IL 60201-5018
Phone: (847) 905-4400
Application details from Grantable's research on the foundation's public materials; confirm on its website before applying.
Who Magnetar Capital Foundation funds
How this funder distributes its grants
Grant Size Distribution
137 grants across all recorded years
The most common grant size was under $50K: 133 grants of 137 (97%).
Geographic Focus
Where this funder awards grants
The reported 2023 grants went to organizations in Evanston and Chicago, Illinois. No broader geographic focus is specified.
Grant Distribution by State
States
Cities
How Magnetar Capital Foundation gives
- Giving fell 100% from 2020 to 2023. Method
- In 2024 it paid out well above its IRS minimum distribution (the 5% rule). Method
From the foundation's IRS Form 990-PF filings. Methodology.
Giving History
Giving Over Time
Total grant dollars and number of grants per year
From 2020 to 2023, annual grant giving ranged from $3K (2023) to $1.4M (2022). In 2023 it made 2 grants totaling $3K.
Grants by year
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| Youth & Opportunity United Inc Evanston, IL | general operating support | $2,500 |
| Marwen Foundation Chicago, IL | general operating support | $200 |
Ready to take the next step with Magnetar Capital Foundation?
Financial History
Multi-year comparison from IRS filings
| Filing year | Total Assets | Revenue | Expenses | Grants paid | Grants | Qualifying Distributions | Net Investment Income | Distributable Amount |
|---|---|---|---|---|---|---|---|---|
| 2024 | $21,734 | $30,228 | $26,356 | — | — | $36,046 | — | $914 |
| 2023 | $27,307 | $2,024 | $30,110 | $2,700 | 2 | $32,938 | $57 | $1,786 |
| 2022 | $43,605 | $1,287,399 | $648,067 | $1,403,728 | 52 | $1,655,785 | $31,173 | $19,556 |
| 2021 | $426,064 | $1,680,842 | $467,889 | $1,161,424 | 49 | $1,599,947 | $16,537 | $18,233 |
| 2020 | $333,188 | $1,772,837 | $303,814 | $1,042,876 | 34 | — | $639 | $14,624 |
Under IRS private-foundation payout rules, Magnetar Capital Foundation reported a distributable amount of $914 for 2024 — the minimum it must pay out in qualifying distributions.
Research compiled by Grantable AI from public sources. Last updated October 2026.
Mission & Focus Areas
No mission statement or formal funding focus areas are provided. The foundation’s 2023 grantees indicate support for youth-serving and arts-education organizations. Youth & Opportunity United Inc. describes its work as providing youth development services and leadership, with trauma-informed, relationship-based programs for young people and their families. Marwen Foundation Inc. says it educates and inspires young people from under-resourced communities and schools through free visual arts programs.
Grantmaking
In 2024, the foundation reported zero grants. In 2023, it reported two grants totaling $2,700: $2,500 to Youth & Opportunity United Inc. in Evanston, Illinois, and $200 to Marwen Foundation Inc. in Chicago, Illinois. Its 2022 filing reported 52 grants totaling $1,403,728. No typical award size or application materials are specified.
Leadership & Key People
Leadership team and compensation from IRS filings
The 2024 filing lists David Snyderman, Ross Laser, and Ernest Rogers as directors; Barbara Bernstein as secretary; and Naomi Gunasekaran as treasurer.
Magnetar Capital Foundation's 2024 filing lists 5 officers; none of the 5 officers listed in 2024 report compensation.
Officers on the 2024 filing
David Snyderman
Director
On filings since 2020
1 hr/week
No compensation reported
Ernest R Rogers IV
Director
Treasurer → Director, 2022
On filings since 2020
1 hr/week
No compensation reported
Ross Laser
Director
On filings since 2020
1 hr/week
No compensation reported
Barbara Bernstein
Secretary
On filings since 2020
1 hr/week
No compensation reported
NAOMI Gunasekaran
Treasurer
On filings since 2020
1 hr/week
No compensation reported
Former officers (1)
- Former: Alec N. Litowitz (2020–2022) — President & Director
Data from IRS Form 990 filings, 2020–2024. "On filings since" is the earliest filing we hold that lists the person; hours are average hours per week as reported.
Frequently asked questions about Magnetar Capital Foundation
How large is Magnetar Capital Foundation?
Magnetar Capital Foundation reported $22K in total assets on its 2024 IRS Form 990-PF. It paid out $36K in qualifying distributions that year, against a required minimum of $914 (roughly 5% of its investment assets).
What does Magnetar Capital Foundation fund?
No mission statement or formal funding focus areas are provided. The foundation’s 2023 grantees indicate support for youth-serving and arts-education organizations. See mission & focus areas ↑
How do I apply for a grant from Magnetar Capital Foundation?
The foundation states that it makes contributions only to preselected charitable organizations and does not accept unsolicited requests for funds. Eligibility and process details are in the grantmaking section of this profile. See how to apply ↑
Where does Magnetar Capital Foundation make grants?
The reported 2023 grants went to organizations in Evanston and Chicago, Illinois. No broader geographic focus is specified.
What is Magnetar Capital Foundation's EIN?
Magnetar Capital Foundation's EIN (Employer Identification Number) is 46-0807550. IRS Form 990 filing data is available on this page for 2020–2024.
Does Magnetar Capital Foundation accept unsolicited proposals?
No, according to Grantable's research on the foundation's published guidelines. See how to apply ↑
Data last updated October 2026. Sourced from IRS Form 990-PF filings. Research dossier generated October 2026.
Data update history
(6)
When this profile's IRS filing data changed on Grantable
- Updated Form 990-PF for fiscal year 2020 (received by the IRS November 15, 2021)
- Updated Form 990-PF for fiscal year 2021 (received by the IRS November 15, 2022)
- Updated Form 990-PF for fiscal year 2022 (received by the IRS November 15, 2023)
- Updated Form 990-PF for fiscal year 2023 (received by the IRS November 14, 2024)
- Updated Form 990-PF for fiscal year 2024 (received by the IRS November 14, 2025)
- IRS filings on file for fiscal years 2020–2024
Explore Open Grants
Browse active grant opportunities in Magnetar Capital Foundation's focus areas in our free grants database
Similar Funders
Funders that support many of the same organizations
Aetna Foundation Inc
Hartford, CT
Aetna Foundation supported health and wellness, access to health care, and related community needs; its 2021 grants ranged from $5,000 to $1 million, with a median of $40,000, and went to organizations across multiple states, especially in D.C. and Connecticut. Its 2021 filing was marked final, so it appears to have ended or be winding down grantmaking; that filing said there were no restrictions on who could apply and pointed applicants to its website for application materials.
Assets
—
Grants
65
Total Given
$7.2M
AbbVie Foundation
North Chicago, IL
The AbbVie Foundation funds health equity, access to care, cancer care, community health, and related community-led programs through partnerships and employee initiatives. Its 2025 grants ranged from $8,000 to $15 million, with a median of $25,000; it supports work worldwide, with the largest share of recent grants going to Illinois. It makes grants only to preselected organizations and does not accept unsolicited requests.
Assets
$265.6M
Grants
65
Total Given
$47.1M
McKesson Foundation Inc
Dallas, TX
The McKesson Foundation funds cancer support and care, healthcare workforce pathways, and emergency response, with grants mainly supporting organizations in the United States and Canada. Its 2025 grants had a median of $100,000, though amounts ranged from $10,000 to about $2.47 million. Its filing says it does not accept unsolicited requests, while its application page describes an online application process with stated submission windows.
Assets
$1.6M
Grants
76
Total Given
$16.6M
Bristol-Myers Squibb Foundation Inc
Princeton, NJ
The Bristol-Myers Squibb Foundation supports health access and stronger health systems, with a focus on adult and pediatric cancers, blood disorders, brain health, and clinical-trial participation in the United States, Brazil, India, and ten Sub-Saharan African countries. In 2024, its median grant was about $134,000, though awards varied widely; it does not state whether it accepts unsolicited requests, and advises prospective applicants to contact the Foundation about its process.
Assets
$83.3M
Grants
144
Total Given
$67.7M
Motorola Solutions Foundation
Chicago, IL
The Motorola Solutions Foundation funds first-responder programs and technology and engineering education, especially for under-resourced communities; its 2025 grants had a median of $35,000. It supports organizations worldwide, with priority for communities where Motorola Solutions operates, and accepts unsolicited requests through an annual letter-of-inquiry process, with full applications by invitation.
Assets
$1.2M
Grants
213
Total Given
$12.6M
United Way Worldwide
Alexandria, VA
United Way Worldwide funds community programs focused on youth opportunity, health, financial security, education, and disaster relief, with 2024 grants made across multiple U.S. states and internationally. Its 209 reported grants ranged from $5,100 to $736,333, with a median of $22,675. It does not state whether it accepts unsolicited grant requests.
Assets
$68.0M
Grants
209
Total Given
$11.4M
More similar funders
More Funders in Illinois
The filing figures on this page are open data under CC BY 4.0. About GrantGraph Open
Figures come from Magnetar Capital Foundation's IRS filings (methodology). AI-written summaries, news items and logos are not covered by the open licence. Spot an error? Email hello@grantable.co.
Magnetar Capital Foundation down — hundreds of funders to go?