Magowan Family Foundation Inc
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.
Key facts about Magowan Family Foundation Inc
In short: Magowan Family Foundation Inc gave $99K across 19 grants in 2024 (avg $5K), top state Connecticut. 22% of 2024 grantees were new. Source: 2024 IRS Form 990-PF.
- EIN
- 13-6085999
- Latest 990 filing
- Form 990-PF, 2024
- Annual giving (2024)
- $99,350
- Grants made (2024)
- 19
- Average grant
- $5,229
- Median grant
- $2,500
- New grantees (estimate)
- 22% first-time grantees (4 of 18, 2024)
- Total assets
- $1,029,567
- Primary geography
- Connecticut (45% of itemized 2024 grant dollars)
Data from IRS Form 990-PF, 2024; updated September 2026. New grantees are estimated by matching recipient names across years (methodology).
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
19
-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.
Is Magowan Family Foundation Inc open to new grantees?
22%
first-time grantees, 2024
In 2024, 4 of 18 grantees (22%) were first-time recipients. First grants averaged $3K; repeat grants $6K. How we count
Medians: $3K first-time, $3K repeat.
- 67% of 2024 grantees were also funded in 2023. Method
- Giving held roughly steady from 2021 to 2024 (+15%). Method
- In 2024 it paid out 149% of its IRS minimum distribution (the 5% rule). Method
Estimate from itemized grant lists in IRS Form 990-PF filings (2020–2024). Recipient names are matched across years, so a renamed or misspelled grantee can look new; grants to individuals are left out. Methodology.
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
Share of all 19 itemized 2024 grant dollars.
States
Cities
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
| Recipient | Purpose | Amount |
|---|---|---|
| KENT SCHOOL Kent, CT | GENERAL | $30,000 |
| TWO EAST SIXTY SECOND STREET FOUNDATION New York, NY | GENERAL | $25,000 |
| JAMES MERRILL HOUSE Stonington, CT | GENERAL | $12,000 |
| HARVARD UNIVERSITY Cambridge, MA | GENERAL | $7,500 |
| BOYS CLUB OF NY New York, NY | GENERAL | $2,500 |
| HARVARD LAMPOON Cambridge, MA | GENERAL | $2,500 |
| PECONIC LAND TRUST Southampton, NY | GENERAL | $2,500 |
| STAMFORD HOSPITAL Stamford, CT | GENERAL | $2,500 |
| THE FRICK COLLECTION New York, NY | GENERAL | $2,500 |
| WEILL CORNELL MEDICAL COLLEGE New York, NY | GENERAL | $2,500 |
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
| 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 |
Data update history
When this profile's IRS filing data changed on Grantable
- IRS filings on file for fiscal years 2020–2024
Leadership & Key People
Officers and directors from IRS filings
Magowan Family Foundation Inc is led by Mark Magowan, President on every filing since 2020; none of the 3 officers listed in 2024 report compensation.
Officers on the 2024 filing
Mark Magowan
President
On filings since 2020
10 hrs/week
No compensation reported
Nina Magowan
Vice President-Finance
On filings since 2020
5 hrs/week
No compensation reported
Olivia Magowan
Treasurer
On filings since 2020
5 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.
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 about Magowan Family Foundation Inc
How much does Magowan Family Foundation Inc give each year?
Magowan Family Foundation Inc gave $99K across 19 grants in 2024, according to its 2024 IRS Form 990-PF. In 2023 it gave $109K across 29 grants.
What is Magowan Family Foundation Inc's typical grant size?
Magowan Family Foundation Inc's median grant in 2024 was $2,500, and its average grant was $5,229, across 19 grants on its 2024 IRS Form 990-PF. Organizations receiving their first grant from Magowan Family Foundation Inc that year got $3K on average.
Where does Magowan Family Foundation Inc give grants?
Magowan Family Foundation Inc's top state is Connecticut, with 45% of the grant dollars itemized on its 2024 IRS Form 990-PF. The next largest states were New York (43%) and Massachusetts (10%). The most frequent recipient cities were New York, NY (9 grants) and Cambridge, MA (2 grants).
Does Magowan Family Foundation Inc give general operating support?
Yes: 100% of Magowan Family Foundation Inc's 2024 grants with a stated purpose (19 of 19) were for general or operating support, per its 2024 IRS Form 990-PF.
Who are Magowan Family Foundation Inc's largest grantees?
Magowan Family Foundation Inc's largest 2024 grantees include Kent School ($30,000), Two East Sixty Second Street Foundation ($25,000) and James Merrill House ($12,000), according to its 2024 IRS Form 990-PF. Together they received 67% of its itemized 2024 grant dollars.
How large is Magowan Family Foundation Inc?
Magowan Family Foundation Inc reported $1.0M in total assets on its 2024 IRS Form 990-PF. It paid out $99K in qualifying distributions that year, against a required minimum of $67K (roughly 5% of its investment assets).
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.
What is Magowan Family Foundation Inc's EIN?
Magowan Family Foundation Inc's EIN (Employer Identification Number) is 13-6085999. IRS Form 990 filing data is available on this page for 2020–2024.
Data last updated September 2026. Sourced from IRS Form 990-PF filings. Research dossier generated April 2026.
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