Magnolia Charitable Foundation is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in FLUSHING, NY. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $4.1M in total assets. In 2024, it awarded 4 grants totaling $231K. Net investment income was $351K.
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$4.1M
+2.8% YoY
Annual Giving
$231K
+653.4% YoY
Grant Count
4
+100.0% YoY
Avg Grant Size
$58K
+276.7% YoY
About Magnolia Charitable Foundation
Based on IRS filings
Magnolia Charitable Foundation is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in FLUSHING, NY. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $4.1M in total assets. In 2024, it awarded 4 grants totaling $231K. Net investment income was $351K.
Focus Areas
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Geographic Focus
Where this funder awards grants
Grant Distribution by State
States
Cities
Financial History
Multi-year comparison from IRS filings
| Metric | 2024 | 2023 | 2022 |
|---|---|---|---|
| Total Assets | $4,136,270 | $4,022,331 | $3,687,261 |
| Revenue | $355,190 | $393,697 | $546,044 |
| Expenses | $241,251 | $58,627 | $453,696 |
| Qualifying Distributions | $231,475 | $31,547 | $404,567 |
| Net Investment Income | $351,485 | $374,192 | $544,669 |
| Distributable Amount | $200,506 | $200,095 | $220,241 |
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
14 grants across all recorded years
Giving History
Grant recipients and amounts by year
No grants recorded for .
Leadership & Key People
Officers and directors from IRS filings
Compensation Overview
From 2024 IRS filing
From 2024 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| SELIG K SOLOMON | PRESIDENT | 3 | — |
| DAVID Z SOLOMON | TREASURER | 1 | — |
Subject Areas
Focus areas based on grantmaking activity
Related Funders
Similar funders by location and focus area
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Ramsleg Foundation
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Total Given
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Druckenmiller Foundation
NEW YORK, NY
Assets
$1.8B
Grants
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Total Given
$135.7M
Data last updated April 2026. Sourced from IRS Form 990-PF filings.
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