Magsi Family Foundation
Magsi Family Foundation is a private foundation, based in Toledo, OH. IRS filing data is available from 2022 through 2025.
Magsi Family Foundation at a glance
- Revenue (2025)
- $15,172
- Expenses (2025)
- $500
- Latest 990 filing
- Form 990-PF, 2025 View filing
Data from IRS Form 990-PF, 2025; updated September 2026.
Who Magsi Family Foundation funds
How this funder distributes its grants
Grant Size Distribution
1 grant across all recorded years
The most common grant size was under $50K: 1 grant of 1 (100%).
Geographic Focus
Where this funder awards grants
Grant Distribution by State
States
Cities
How Magsi Family Foundation gives
- In 2022 it paid out 12% 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
In 2022 it made 1 grant totaling $218.
Grants by year
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| Siut North America Houston, TX | Ongoing Support | $218 |
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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 |
|---|---|---|---|---|---|---|---|---|
| 2025 | — | $15,172 | $500 | — | — | — | — | $709 |
| 2024 | — | — | — | — | — | — | — | $682 |
| 2023 | — | $15,362 | $2,143 | — | — | — | — | $682 |
| 2022 | $53,398 | $25,875 | $3,109 | $218 | 1 | $218 | $1,314 | $1,774 |
Under IRS private-foundation payout rules, Magsi Family Foundation reported a distributable amount of $709 for 2025 — the minimum it must pay out in qualifying distributions.
Leadership & Key People
Officers and directors from IRS filings
Magsi Family Foundation is led by Zafar Magsi, President since 2023 (on filings since 2022) — the only officer listed, and uncompensated.
Officers on the 2025 filing
Zafar Magsi
President
Trustee → President, 2023
On filings since 2022
1 hr/week
No compensation reported
Former officers (1)
- Former: Sobia Zafar (2022) — Trustee
Data from IRS Form 990 filings, 2022–2025. "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 Magsi Family Foundation
Where does Magsi Family Foundation operate?
Magsi Family Foundation has awarded grants in Texas.
How much is Magsi Family Foundation required to give away each year?
Private foundations must generally distribute about 5% of their assets annually. For 2025, Magsi Family Foundation reported a distributable amount of $709 on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.
What is Magsi Family Foundation's EIN?
Magsi Family Foundation's EIN (Employer Identification Number) is 84-3115517. IRS Form 990 filing data is available on this page for 2022–2025.
Data last updated September 2026. Sourced from IRS Form 990-PF filings.
Data update history
(5)
When this profile's IRS filing data changed on Grantable
- Updated Form 990-PF for fiscal year 2022 (received by the IRS May 19, 2023)
- Updated Form 990-PF for fiscal year 2023 (received by the IRS October 28, 2024)
- Updated Form 990-PF for fiscal year 2024 (received by the IRS October 8, 2025)
- Updated Form 990-PF for fiscal year 2025 (received by the IRS April 20, 2026)
- IRS filings on file for fiscal years 2022–2025
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Figures come from Magsi Family Foundation'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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