Magowan Family Foundation Inc

MT KISCO, NY EIN: 13-6085999

The Magowan Family Foundation Inc is a private family foundation incorporated in New York in 1954. The organization operates as a grantmaking foundation supporting 501(c)(3) organizations across multiple sectors.

Financial Overview

From 2024 IRS Form 990-PF · View filing

Total Assets

$1.0M

+4.1% YoY

Annual Giving

$99K

-8.9% YoY

Grant Count

-34.5% YoY

Avg Grant Size

$5K

+39.0% YoY

Under IRS private-foundation payout rules, Magowan Family Foundation Inc reported a distributable amount of $67K for 2024 — the minimum it must pay out in qualifying distributions.

Research compiled by Grantable AI from public sources. Last updated April 2026.

Mission & Focus Areas

The foundation provides giving primarily in the following areas:

Arts and culture
Education
Health
Parks and recreation
Children, youth, and social services

Grantmaking

The foundation makes grants to support 501(c)(3) organizations. Recent grant activity includes:

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Geographic Focus

Where this funder awards grants

The foundation maintains operations in multiple locations:

Primary office: 116 Radio Circle Drive, Suite 201, Mt Kisco, NY 10549-2632
Additional location: Hillsborough, California

The foundation funds organizations across different geographic areas.

Grant Distribution by State

New York $212K (49%)

Connecticut $116K (27%)

Massachusetts $68K (16%)

Florida $17K (4%)

Illinois $8K (2%)

Maryland $5K (1%)

District of Columbia $3K (1%)

Michigan $3K (1%)

+4 more states

States

Alabama California Connecticut District of Columbia Florida Illinois Massachusetts Maryland Michigan New Jersey New York Pennsylvania

Cities

AmherstAnn ArborCambridgeChicagoFairfieldKentLivingston ManorMiddletownMontgomeryMt VernonNew YorkNewarkPalm BeachPeekskillPembroke ParkPhiladelphiaSan FranciscoSan Luis ObispoSilver SpringSimsbury

Financial History

Multi-year comparison from IRS filings

As of December 2024:

Total assets: $1,576,177
Total revenues: $314,705
Total expenses: $214,543
Investment income and dividends: $37,932

Revenue

Expenses

Qualifying Distributions

Net Investment Income

Metric	2024	2023	2022
Total Assets	$1,029,567	$988,570	$1,070,975
Revenue	$156,711	$41,908	$-21,280
Expenses	$115,714	$124,293	$81,270
Qualifying Distributions	$99,350	$114,111	$70,325
Net Investment Income	$140,347	$31,726	$16,309
Distributable Amount	$66,560	$57,236	$60,042

Giving Over Time

Total grant dollars and number of grants per year

Grant Insights

How this funder distributes its grants

Top Recipients

Top 10 recipients in 2024

Grant Size Distribution

115 grants across all recorded years

Giving History

Grant recipients and amounts by year

Among its reported 2024 grants, the largest include Kent School ($30,000), Two East Sixty Second Street Foundation ($25,000), James Merrill House ($12,000).

Recipient	Purpose	Amount
WIKIMEDIA SAN FRANCISCO, CA	GENERAL	$100
WHEATON COLLEGE WHEATON, IL	GENERAL	$500
FRANCIS W PARKER SCHOOL CHICAGO, IL	GENERAL	$1,000
PRESERVATION FOUNDATION OF PALM BEACH PALM BEACH, FL	GENERAL	$1,000
ST BERNARDS SCHOOL NEW YORK, NY	GENERAL	$1,250
CHAPIN SCHOOL NEW YORK, NY	GENERAL	$1,500
METROPOLITAN MUSEUM OF ART NEW YORK, NY	GENERAL	$1,500
THE CHAPIN SCHOOL NEW YORK, NY	GENERAL	$1,500
THE MUSEUM OF MODERN ART NEW YORK, NY	GENERAL	$1,500
BOYS CLUB OF NY NEW YORK, NY	GENERAL	$2,500

Leadership & Key People

Officers and directors from IRS filings

Compensation Overview

From 2024 IRS filing

From 2024 filing

Name	Title	Hours	Compensation
MARK MAGOWAN	PRESIDENT	10	—
NINA MAGOWAN	VICE PRESIDENT-FINANCE	5	—
OLIVIA MAGOWAN	TREASURER	5	—

Contact Information

Telephone: 914-273-3700
Address: 116 Radio Circle Drive, Suite 201, Mt Kisco, NY 10549-2632
EIN: 13-6085999 (Mt Kisco office); 20-1511055 (Hillsborough office)

Frequently Asked Questions

What does Magowan Family Foundation Inc fund?

The foundation provides giving primarily in the following areas: • Arts and culture • Education • Health • Parks and recreation • Children, youth, and social services

How do I apply for a grant from Magowan Family Foundation Inc?

The foundation makes grants to support 501(c)(3) organizations. Recent grant activity includes: • The Marine Mammal Center: $30,000 (December 2024) • Mayo Clinic: $25,000 (December 2024) • The Marine Mammal Center: $16,086 (December 2024) The foundation made 21 grants in 2024 totaling $159,086.

Where does Magowan Family Foundation Inc make grants?

The foundation maintains operations in multiple locations: • **Primary office**: 116 Radio Circle Drive, Suite 201, Mt Kisco, NY 10549-2632 • **Additional location**: Hillsborough, California The foundation funds organizations across different geographic areas.

What size grants does Magowan Family Foundation Inc award?

In 2024, Magowan Family Foundation Inc awarded 19 grants totaling $99K — an average of about $5K per grant, based on its IRS Form 990 filings.

How much is Magowan Family Foundation Inc required to give away each year?

Private foundations must generally distribute about 5% of their assets annually. For 2024, Magowan Family Foundation Inc reported a distributable amount of $67K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.