Magpie Foundation
Magpie Foundation is a private foundation focused on Arts, Culture & Humanities, based in Newtown, PA. IRS filing data is available from 2021 through 2024. As of 2024, the organization holds $328K in total assets. In 2024, it awarded 3 grants totaling $17K. Net investment income was $8K.
Magpie Foundation at a glance
In short: Magpie Foundation gave $17K across 3 grants in 2024 (avg $6K), top state New York. Source: 2024 IRS Form 990-PF.
- Annual giving (2024)
- $16,500
- -21.4% vs 2023
- Grants made (2024)
- 3
- -25.0% vs 2023
- Average grant
- $5,500
- +4.8% vs 2023
- Median grant
- $5,500
- Total assets
- $328,015
- -16.9% vs 2023
- Primary geography
- New York (33% of itemized 2024 grant dollars)
- Latest 990 filing
- Form 990-PF, 2024 View filing
Data from IRS Form 990-PF, 2024; updated September 2026.
Who Magpie Foundation funds
How this funder distributes its grants
Top Recipients
Top 3 recipients in 2024
The largest 2024 recipient was Fractured Atlas Inc ($6K). Together the top 3 received $17K.
Grant Size Distribution
11 grants across all recorded years
The most common grant size was under $50K: 11 grants of 11 (100%).
Geographic Focus
Where this funder awards grants
Grant Distribution by State
Share of 2024 grant dollars across all 3 itemized grants.
Cities
How Magpie Foundation gives
- In 2024 it paid out 75% 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.
Giving History
Giving Over Time
Total grant dollars and number of grants per year
From 2022 to 2024, annual grant giving ranged from $17K (2024) to $22K (2022). In 2024 it made 3 grants totaling $17K.
Grants by year
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| Fractured Atlas Inc New York, NY | Charitable Donation | $5,500 |
| Pig Iron Theatre Company Philadelphia, PA | General Purpose | $5,500 |
| Seeds of Peace Washington, DC | General Purpose | $5,500 |
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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 | $328,015 | $-48,166 | $17,050 | $16,500 | 3 | $16,500 | $8,432 | $21,907 |
| 2023 | $394,711 | $20,295 | $23,361 | $21,000 | 4 | $21,000 | $17,934 | $18,919 |
| 2022 | $398,092 | $59,012 | $25,203 | $22,000 | 4 | $22,000 | $57,409 | $17,944 |
| 2021 | $366,179 | $331,276 | $5,642 | — | — | — | $929 | $18,690 |
Under IRS private-foundation payout rules, Magpie Foundation reported a distributable amount of $22K for 2024 — the minimum it must pay out in qualifying distributions.
Leadership & Key People
Officers and directors from IRS filings
Magpie Foundation is led by Alexander Cohen, Trustee on every filing since 2021 — the only officer listed, and uncompensated.
Officers on the 2024 filing
Alexander Cohen
Trustee
On filings since 2021
10 hrs/week
No compensation reported
Data from IRS Form 990 filings, 2021–2024. "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 Magpie Foundation
How much does Magpie Foundation give each year?
Magpie Foundation gave $17K across 3 grants in 2024, according to its 2024 IRS Form 990-PF. In 2023 it gave $21K across 4 grants.
What is Magpie Foundation's typical grant size?
Magpie Foundation's median grant in 2024 was $5,500, and its average grant was $5,500, across 3 grants on its 2024 IRS Form 990-PF.
Where does Magpie Foundation give grants?
Magpie Foundation's top state is New York, with 33% of the grant dollars itemized on its 2024 IRS Form 990-PF. The next largest states were Pennsylvania (33%) and District of Columbia (33%).
Does Magpie Foundation give general operating support?
Yes: 67% of Magpie Foundation's 2024 grants with a stated purpose (2 of 3) were for general or operating support, per its 2024 IRS Form 990-PF.
How large is Magpie Foundation?
Magpie Foundation reported $328K in total assets on its 2024 IRS Form 990-PF. It paid out $17K in qualifying distributions that year, against a required minimum of $22K (roughly 5% of its investment assets). Falling short in one year is not a violation: foundations have until the end of the next year to meet the minimum.
What is Magpie Foundation?
Magpie Foundation is a private foundation focused on Arts, Culture & Humanities, based in Newtown, PA. It holds $328K in total assets as of 2024.
What is Magpie Foundation's EIN?
Magpie Foundation's EIN (Employer Identification Number) is 85-4015248. IRS Form 990 filing data is available on this page for 2021–2024.
Data last updated September 2026. Sourced from IRS Form 990-PF filings.
Data update history
(1)
When this profile's IRS filing data changed on Grantable
- IRS filings on file for fiscal years 2021–2024
Live grants for the work Magpie Foundation funds
Arts, Culture & Humanities Open opportunities, soonest deadline first.
Explore Open Grants
Browse active grant opportunities in Magpie Foundation's focus areas in our free grants database
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