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.
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$352K
-10.9% YoY
Annual Giving
$41K
+26.2% YoY
Grant Count
4
+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
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.
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 | $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 |
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 include Church of the Resurrection ($20,000), Christ the King Lutheran Church ($10,000), Future Forward for Haiti ($6,000).
| Recipient | Purpose | Amount |
|---|---|---|
| FUTURE FORWARD FOR HAITI TEANECK, NJ | SUPPORT FOR SCHOOL IN TROIS MARES, HAITI | $6,000 |
| CHRIST THE KING LUTHERAN CHURCH BOZEMAN, MT | GENERAL OPERATING SUPPORT | $10,000 |
| CHURCH OF THE RESURRECTION WASHINGTON, DC | GENERAL OPERATING SUPPORT | $20,000 |
| FRONTIERS PHOENIX, AZ | SUPPORT OF CAROLYN GARDNER'S MINISTRY | $5,000 |
Leadership & Key People
Officers and directors from IRS filings
Compensation Overview
From 2024 IRS filing
From 2024 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
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.
What is Magnificat Foundation's EIN?
Magnificat Foundation's EIN (Employer Identification Number) is 85-4351144. IRS Form 990 filing data is available on this page for 2020–2024.
Explore Open Grants
Browse active grant opportunities in Magnificat Foundation'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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