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.
Key facts about Magpie Foundation
- EIN
- 85-4015248
- Latest 990 filing
- Form 990-PF, 2024
- Annual giving (2024)
- $16,500
- Grants made (2024)
- 3
- Average grant
- $5,500
- Median grant
- $5,500
- Total assets
- $328,015
- Primary geography
- New York (33% of itemized 2024 grant dollars)
Data from IRS Form 990-PF, 2024; updated September 2026.
Who Magpie Foundation funds
By grant dollars, the top recipient states for Magpie Foundation's 3 itemized 2024 grants were New York (33%), Pennsylvania (33%) and District of Columbia (33%). 67% of grants with a stated purpose were for general or operating support.
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.
Next steps with Magpie Foundation
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Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$328K
-16.9% YoY
Annual Giving
$17K
-21.4% YoY
Grant Count
3
-25.0% YoY
Avg Grant Size
$6K
+4.8% YoY
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.
About Magpie Foundation
Based on IRS filings
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.
Focus Areas
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Geographic Focus
Where this funder awards grants
Grant Distribution by State
Share of all 3 itemized 2024 grant dollars.
Cities
Financial History
Multi-year comparison from IRS filings
| Metric | 2024 | 2023 | 2022 |
|---|---|---|---|
| Total Assets | $328,015 | $394,711 | $398,092 |
| Revenue | $-48,166 | $20,295 | $59,012 |
| Expenses | $17,050 | $23,361 | $25,203 |
| Qualifying Distributions | $16,500 | $21,000 | $22,000 |
| Net Investment Income | $8,432 | $17,934 | $57,409 |
| Distributable Amount | $21,907 | $18,919 | $17,944 |
Data update history
When this profile's IRS filing data changed on Grantable
- IRS filings on file for fiscal years 2021–2024
Giving Over Time
Total grant dollars and number of grants per year
Grant Insights
How this funder distributes its grants
Top Recipients
Top 3 recipients in 2024
Grant Size Distribution
11 grants across all recorded years
Giving History
Grant recipients and amounts by year
Among its reported 2024 grants, the largest recipients include Fractured Atlas Inc ($5,500), Pig Iron Theatre Company ($5,500), Seeds of Peace ($5,500).
| 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 |
Leadership & Key People
Officers and directors from IRS filings
Compensation Overview
No officer or director reported compensation in the available filings.
From 2024 IRS filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| Alexander Cohen | Trustee | 10 | — |
Subject Areas
Focus areas based on grantmaking activity
Frequently Asked Questions
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.
How large is Magpie Foundation?
As of 2024, Magpie Foundation holds $328K in total assets with $-48,166 in annual revenue. It awarded 3 grants totaling $17K in 2024.
Where does Magpie Foundation operate?
Magpie Foundation has awarded grants in District of Columbia, New Jersey, New York, Pennsylvania.
What size grants does Magpie Foundation award?
In 2024, Magpie Foundation awarded 3 grants totaling $17K — an average of about $6K per grant, based on its IRS Form 990 filings.
How much is Magpie Foundation required to give away each year?
Private foundations must generally distribute about 5% of their assets annually. For 2024, Magpie Foundation reported a distributable amount of $22K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.
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.
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Data last updated September 2026. Sourced from IRS Form 990-PF filings.