Magnus Charitable Trust
Magnus Charitable Trust is a private foundation, based in Ft Lauderdale, FL. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $6.4M in total assets.
Magnus Charitable Trust at a glance
- Total assets
- $6,405,092
- -6.9% vs 2023
- Revenue (2024)
- $767,945
- -32.3% vs 2023
- Expenses (2024)
- $838,512
- -45.1% vs 2023
- Latest 990 filing
- Form 990-PF, 2024 View filing
Data from IRS Form 990-PF, 2024; updated October 2026.
Who Magnus Charitable Trust funds
How this funder distributes its grants
Grant Size Distribution
22 grants across all recorded years
The most common grant size was under $50K: 13 grants of 22 (59%).
Geographic Focus
Where this funder awards grants
Grant Distribution by State
Cities
How Magnus Charitable Trust gives
- Giving fell 48% from 2020 to 2023. Method
- In 2023 it paid out 81% of its IRS minimum distribution (the 5% rule). Foundations have until the end of the next year to meet it. 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 $357K (2023) to $821K (2022). In 2023 it made 3 grants totaling $357K.
Grants by year
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| Mayo Clinic Rochester, MN | General | $250,000 |
| Scholarship Recipients Paid in 2023 Chicago, IL | College Scholarships | $102,175 |
| Innocence Project of Texas Fort Worth, TX | General | $5,000 |
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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 | $6,405,092 | $767,945 | $838,512 | — | — | — | — | $387,075 |
| 2023 | $6,881,579 | $1,134,084 | $1,527,600 | $357,175 | 3 | $357,175 | — | $440,811 |
| 2022 | $7,010,122 | $1,388,848 | $2,032,253 | $820,675 | 4 | $820,675 | $168,565 | $461,399 |
| 2021 | $8,019,906 | $1,392,319 | $1,741,463 | $628,809 | 4 | $628,809 | $271,607 | $479,625 |
| 2020 | $8,043,160 | $1,483,483 | $1,463,974 | $684,732 | 11 | — | $696,528 | $476,465 |
Under IRS private-foundation payout rules, Magnus Charitable Trust reported a distributable amount of $387K for 2024 — the minimum it must pay out in qualifying distributions.
Leadership & Key People
Officers and directors from IRS filings
Magnus Charitable Trust's 2024 filing lists 2 officers; none of the 2 officers listed in 2024 report compensation.
Officers on the 2024 filing
Maria Magnus
Trustee
On filings since 2020
20 hrs/week
No compensation reported
Victoria Magnus
Trustee
On filings since 2020
20 hrs/week
No compensation reported
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 Magnus Charitable Trust
How large is Magnus Charitable Trust?
Magnus Charitable Trust reported $6.4M in total assets on its 2024 IRS Form 990-PF. Its revenue that year was $768K.
Where does Magnus Charitable Trust operate?
Magnus Charitable Trust has awarded grants in Florida, Illinois, Minnesota, Texas, Wisconsin.
How much is Magnus Charitable Trust required to give away each year?
Private foundations must generally distribute about 5% of their assets annually. For 2024, Magnus Charitable Trust reported a distributable amount of $387K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.
What is Magnus Charitable Trust's EIN?
Magnus Charitable Trust's EIN (Employer Identification Number) is 36-4049284. IRS Form 990 filing data is available on this page for 2020–2024.
Data last updated October 2026. Sourced from IRS Form 990-PF filings.
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 July 21, 2021)
- Updated Form 990-PF for fiscal year 2021 (received by the IRS May 12, 2022)
- Updated Form 990-PF for fiscal year 2022 (received by the IRS August 21, 2023)
- Updated Form 990-PF for fiscal year 2023 (received by the IRS August 26, 2024)
- Updated Form 990-PF for fiscal year 2024 (received by the IRS September 22, 2025)
- IRS filings on file for fiscal years 2020–2024
Live grants for the work Magnus Charitable Trust funds
Philanthropy, Voluntarism & Grantmaking Open opportunities, soonest deadline first.
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Browse active grant opportunities in Magnus Charitable Trust's focus areas in our free grants database
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Magnus Charitable Trust down — hundreds of funders to go?