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.
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.
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:
Ready to take the next step with Magowan Family Foundation Inc?
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
States
Cities
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 |
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.
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.
Explore Open Grants
Browse active grant opportunities in Magowan Family Foundation Inc's focus areas in our free grants database
Related Funders
Similar funders by location and focus area
The Reich Family Charitable Trust
BROOKLYN, NY
Assets
$689K
Grants
1
Total Given
$453K
Launa Beuhler Foundation for
BROOKLYN, NY
Assets
$2K
Grants
4
Total Given
$20K
The Hilary Grace Foundation Inc
EAST AMHERST, NY
Assets
$126K
Grants
2
Total Given
$36K
Uw E J Madden Mem Open Hearts Club 10-214880
NEW YORK, NY
Assets
$1.3M
Grants
1
Total Given
$307K
Hindy's Foundation
BROOKLYN, NY
Assets
$142K
Grants
8
Total Given
$225K
Jeanne & Thomas Hardy Family Foundation
NEW YORK, NY
Assets
$3K
Grants
3
Total Given
$3K
Data last updated June 2026. Sourced from IRS Form 990-PF filings. Research dossier generated April 2026.
What could you do with Magowan Family Foundation Inc on Grantable?
- Assess strategic fit with your organization
- Draft a tailored letter of inquiry
- Find open RFPs from this funder
- Monitor for new funding opportunities
Go from researching Magowan Family Foundation Inc to a real strategy.