Magnificat Foundation

Foundation · Grantmaker Belgrade, MT EIN: 85-4351144

Magnificat Foundation is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in Belgrade, MT. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $352K in total assets. In 2024, it awarded 4 grants totaling $41K.

Key facts about Magnificat Foundation

EIN: 85-4351144
Latest 990 filing: Form 990-PF, 2024
Annual giving (2024): $41,000
Grants made (2024): 4
Average grant: $10,250
Median grant: $8,000
Total assets: $351,609
Primary geography: District of Columbia (49% of itemized 2024 grant dollars)

Data from IRS Form 990-PF, 2024; updated September 2026.

Who Magnificat Foundation funds

By grant dollars, the top recipient states for Magnificat Foundation's 4 itemized 2024 grants were District of Columbia (49%), Montana (24%) and New Jersey (15%). 50% of grants with a stated purpose were for general or operating support.

How Magnificat Foundation gives

Giving fell 53% from 2021 to 2024. Method
In 2024 it paid out 222% of its IRS minimum distribution (the 5% rule). Method

From the foundation's IRS Form 990-PF filings. Methodology.

Next steps with Magnificat Foundation

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Financial Overview

From 2024 IRS Form 990-PF · View filing

Total Assets

$352K

-10.9% YoY

Annual Giving

$41K

+26.2% YoY

Grant Count

+300.0% YoY

Avg Grant Size

$10K

-68.5% YoY

Under IRS private-foundation payout rules, Magnificat Foundation reported a distributable amount of $19K for 2024 — the minimum it must pay out in qualifying distributions.

About Magnificat Foundation

Based on IRS filings

Focus Areas

Philanthropy, Voluntarism & Grantmaking

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Geographic Focus

Where this funder awards grants

Grant Distribution by State

District of Columbia $20K (49%)

Montana $10K (24%)

New Jersey $6K (15%)

Arizona $5K (12%)

Share of all 4 itemized 2024 grant dollars.

States

Arizona District of Columbia Florida Idaho Montana New Jersey New York

Cities

Washington DcTeaneckBozemanNampaOrlandoPhoenixAve MariaNew YorkSpeculatorWashington

Financial History

Multi-year comparison from IRS filings

Revenue

Expenses

Qualifying Distributions

Net Investment Income

Metric	2024	2023	2022
Total Assets	$351,609	$394,466	$428,520
Revenue	$43	$46	$54
Expenses	$42,900	$34,100	$81,200
Qualifying Distributions	$42,857	$34,054	$81,146
Net Investment Income	—	—	—
Distributable Amount	$19,288	$20,579	$24,546

Data update history

When this profile's IRS filing data changed on Grantable

March 3, 2026 IRS filings on file for fiscal years 2020–2024

Giving Over Time

Total grant dollars and number of grants per year

Grant Insights

How this funder distributes its grants

Top Recipients

Top 4 recipients in 2024

Grant Size Distribution

22 grants across all recorded years

Giving History

Grant recipients and amounts by year

Among its reported 2024 grants, the largest recipients include Church of the Resurrection ($20,000), Christ the King Lutheran Church ($10,000), Future Forward for Haiti ($6,000).

Recipient	Purpose	Amount
CHURCH OF THE RESURRECTION Washington, DC	GENERAL OPERATING SUPPORT	$20,000
CHRIST THE KING LUTHERAN CHURCH Bozeman, MT	GENERAL OPERATING SUPPORT	$10,000
FUTURE FORWARD FOR HAITI Teaneck, NJ	SUPPORT FOR SCHOOL IN TROIS MARES, HAITI	$6,000
FRONTIERS Phoenix, AZ	SUPPORT OF CAROLYN GARDNER'S MINISTRY	$5,000

Leadership & Key People

Officers and directors from IRS filings

Compensation Overview

No officer or director reported compensation in the available filings.

From 2024 IRS filing

Name	Title	Hours	Compensation
Casey O'Neil	President	—	—
Sherry O'Neil	Vice President	—	—
Jessica O'Neil	Secretary/Treasurer	—	—

Subject Areas

Focus areas based on grantmaking activity

Philanthropy, Voluntarism & Grantmaking

Frequently Asked Questions

What is Magnificat Foundation?

Magnificat Foundation is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in Belgrade, MT. It holds $352K in total assets as of 2024.

How large is Magnificat Foundation?

As of 2024, Magnificat Foundation holds $352K in total assets with $43 in annual revenue. It awarded 4 grants totaling $41K in 2024.

Where does Magnificat Foundation operate?

Magnificat Foundation has awarded grants in Arizona, District of Columbia, Florida, Idaho, Montana, New Jersey, New York.

What size grants does Magnificat Foundation award?

In 2024, Magnificat Foundation awarded 4 grants totaling $41K — an average of about $10K per grant, based on its IRS Form 990 filings.

How much is Magnificat Foundation required to give away each year?

Private foundations must generally distribute about 5% of their assets annually. For 2024, Magnificat Foundation reported a distributable amount of $19K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.