Magowan Family Foundation Inc
Magowan Family Foundation Inc is a private foundation based in Mt Kisco, New York. Its 2024 filing reports grants to charitable organizations including schools, cultural institutions, a land trust, and medical organizations.
Magowan Family Foundation Inc at a glance
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.
- Annual giving (2024)
- $99,350
- -8.9% vs 2023
- Grants made (2024)
- 19
- -34.5% vs 2023
- Average grant
- $5,229
- +39.0% vs 2023
- Median grant
- $2,500
- Total assets
- $1,029,567
- +4.1% vs 2023
- New grantees (estimate)
- 22% first-time grantees (4 of 18, 2024; small sample)
- Primary geography
- Connecticut (45% of itemized 2024 grant dollars)
- Latest 990 filing
- Form 990-PF, 2024 View filing
Data from IRS Form 990-PF, 2024; updated October 2026. New grantees are estimated by matching recipient names across years (methodology).
How to apply to Magowan Family Foundation Inc
- Accepts unsolicited proposals
- No
- How to Apply
-
The foundation makes contributions only to preselected charitable organizations and does not accept unsolicited requests.
- Contact
Mailing address: 116 Radio Circle Drive 201, Mt Kisco, NY 10549
Phone: (914) 273-3700
Application details from Grantable's research on the foundation's public materials; confirm on its website before applying.
Who Magowan Family Foundation Inc funds
How this funder distributes its grants
Top Recipients
Top 10 recipients in 2024
The largest 2024 recipient was Kent School ($30K). Together the top 10 received $90K.
Grant Size Distribution
115 grants across all recorded years
The most common grant size was under $50K: 115 grants of 115 (100%).
Geographic Focus
Where this funder awards grants
In 2024, the largest shares of grant dollars went to recipients in Connecticut (45%) and New York (43%). Recipients in Massachusetts received 10%; Illinois and Florida received 2% and 1%, respectively.
Grant Distribution by State
Share of 2024 grant dollars across all 19 itemized grants.
States
Cities
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. With only 18 grantees, that is a small sample: one grantee more or less moves the share by about 6 points. 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.
Giving History
Giving Over Time
Total grant dollars and number of grants per year
From 2020 to 2024, annual grant giving ranged from $67K (2022) to $109K (2023). In 2024 it made 19 grants totaling $99K.
Grants by year
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 |
Ready to take the next step with Magowan Family Foundation Inc?
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 | $1,029,567 | $156,711 | $115,714 | $99,350 | 19 | $99,350 | $140,347 | $66,560 |
| 2023 | $988,570 | $41,908 | $124,293 | $109,111 | 29 | $114,111 | $31,726 | $57,236 |
| 2022 | $1,070,975 | $-21,280 | $81,270 | $67,325 | 20 | $70,325 | $16,309 | $60,042 |
| 2021 | $1,173,525 | $77,419 | $102,892 | $86,075 | 20 | $89,166 | $63,693 | $65,043 |
| 2020 | $1,193,998 | $62,147 | $85,129 | $73,588 | 27 | — | $61,106 | $56,903 |
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 September 2026.
Mission & Focus Areas
No mission statement for the foundation is provided. Its 2024 grants show support for organizations in education, arts and culture, land conservation, and health. For example, Kent School describes its mission as educating students intellectually, socially, ethically, and spiritually so they can contribute to the common good. The Frick Collection says it operates an art museum and library for public enjoyment and the advancement of fine arts study. Peconic Land Trust says it conserves Long Island’s working farms, natural lands, and heritage.
Grantmaking
In 2024, the foundation made 19 grants totaling $99,350. Grants ranged from $100 to $30,000, with a median grant of $2,500. The largest awards included $30,000 to Kent School, $25,000 to Two East Sixty Second Street Foundation, and $12,000 to James Merrill House. Other grants included $7,500 to Harvard University and $2,500 each to Harvard Lampoon, Peconic Land Trust, Stamford Hospital, The Frick Collection, and Weill Cornell Medical College.
Leadership & Key People
Leadership team and compensation from IRS filings
The 2024 filing lists Mark Magowan as president, Nina Magowan as vice president-finance, and Olivia Magowan as treasurer.
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.
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?
No mission statement for the foundation is provided. Its 2024 grants show support for organizations in education, arts and culture, land conservation, and health. See mission & focus areas ↑
How do I apply for a grant from Magowan Family Foundation Inc?
The foundation makes contributions only to preselected charitable organizations and does not accept unsolicited requests. Eligibility and process details are in the grantmaking section of this profile. See how to apply ↑
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.
Does Magowan Family Foundation Inc accept unsolicited proposals?
No, according to Grantable's research on the foundation's published guidelines. See how to apply ↑
Data last updated October 2026. Sourced from IRS Form 990-PF filings. Research dossier generated September 2026.
Data update history
(1)
When this profile's IRS filing data changed on Grantable
- IRS filings on file for fiscal years 2020–2024
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Cite this profile
Grantable. (2026). Magowan Family Foundation Inc funder profile. GrantGraph. Retrieved October 18, 2026, from https://grantable.co/funders/magowan-family-foundation-inc-morg_d9f1acf2c2a14c538f176aa1fec760b8
BibTeX
@misc{grantable_136085999_2026,
author = {{Grantable}},
title = {{Magowan Family Foundation Inc funder profile}},
howpublished = {GrantGraph},
year = {2026},
url = {https://grantable.co/funders/magowan-family-foundation-inc-morg_d9f1acf2c2a14c538f176aa1fec760b8},
note = {Accessed 2026-10-18. Data licensed CC BY 4.0}
}The figures on this page are open data under CC BY 4.0: reuse them with credit to Grantable and a link. Download the data.
Figures come from Magowan Family Foundation Inc's IRS filings (methodology). AI-written summaries, news items and logos are not covered by the open licence. Spot an error? Email hello@grantable.co.
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