Magnus Charitable Trust

Private foundation · Grantmaker Ft Lauderdale, FL EIN: 36-4049284

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.

Key facts about Magnus Charitable Trust

EIN
36-4049284
Latest 990 filing
Form 990-PF, 2024
Total assets
$6,405,092

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

Financial Overview

From 2024 IRS Form 990-PF · View filing

Total Assets

$6.4M

-6.9% YoY

Revenue

$768K

-32.3% YoY

Expenses

$839K

-45.1% YoY

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.

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.

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Geographic Focus

Where this funder awards grants

Grant Distribution by State

5states

Cities

ChicagoRochesterFort WorthOconomowocSkokieHoustonJacksonvilleRockford

Giving Over Time

Total grant dollars and number of grants per year

$0$250K$500K$750K$1M11 grants2020 4 grants2021 4 grants2022 3 grants2023 0 grants2024

From 2020 to 2023, annual grant giving ranged from $357K (2023) to $821K (2022). In 2023 it made 3 grants totaling $357K.

Grant Insights

How this funder distributes its grants

Grant Size Distribution

22 grants across all recorded years

13<$50K2$50–100K2$100–250K3$250–500K2$500K–1M$1–5M$5M+

The most common grant size was under $50K: 13 grants of 22 (59%).

Giving History

Grant recipients and amounts by year

No grants recorded for 2024.

Financial History

Multi-year comparison from IRS filings

Revenue
Expenses
Qualifying Distributions
Net Investment Income
$0$1M$2M$3M2020 2021 2022 2023 2024
Metric202420232022
Total Assets$6,405,092$6,881,579$7,010,122
Revenue$767,945$1,134,084$1,388,848
Expenses$838,512$1,527,600$2,032,253
Qualifying Distributions—$357,175$820,675
Net Investment Income——$168,565
Distributable Amount$387,075$440,811$461,399

Data update history

When this profile's IRS filing data changed on Grantable

  1. Updated Form 990-PF for fiscal year 2020 (received by the IRS July 21, 2021)
  2. Updated Form 990-PF for fiscal year 2021 (received by the IRS May 12, 2022)
  3. Updated Form 990-PF for fiscal year 2022 (received by the IRS August 21, 2023)
  4. Updated Form 990-PF for fiscal year 2023 (received by the IRS August 26, 2024)
  5. Updated Form 990-PF for fiscal year 2024 (received by the IRS September 22, 2025)
  6. IRS filings on file for fiscal years 2020–2024

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.

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