Medical Magnet Foundation
Medical Magnet Foundation is a private foundation, based in Wilmington, DE. IRS filing data is available from 2023 through 2025. As of 2025, the organization holds $661K in total assets. In 2025, it awarded 2 grants totaling $52K. Net investment income was $296.
Medical Magnet Foundation at a glance
In short: Medical Magnet Foundation gave $52K across 2 grants in 2025 (avg $26K), mostly in California. Source: 2025 IRS Form 990-PF.
- Annual giving (2025)
- $51,950
- +107.8% vs 2024
- Grants made (2025)
- 2
- +100.0% vs 2024
- Average grant
- $25,975
- +3.9% vs 2024
- Median grant
- $25,975
- Total assets
- $661,086
- -4.6% vs 2024
- Primary geography
- California (100% of itemized 2025 grant dollars)
- Latest 990 filing
- Form 990-PF, 2025 View filing
Data from IRS Form 990-PF, 2025; updated September 2026.
Who Medical Magnet Foundation funds
How this funder distributes its grants
Top Recipients
Top recipient in 2025
The largest 2025 recipient was University of California Irvine Foundation ($25K).
Organizations only. It also paid 1 grant to individuals ($26,950), which are not listed by name.
Grant Size Distribution
4 grants across all recorded years
The most common grant size was under $50K: 4 grants of 4 (100%).
Geographic Focus
Where this funder awards grants
Grant Distribution by State
Share of 2025 grant dollars across all 2 itemized grants.
States
Cities
How Medical Magnet Foundation gives
- In 2025 it paid out 186% of its IRS minimum distribution (the 5% rule). 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 2023 to 2025, annual grant giving ranged from $15K (2023) to $52K (2025). In 2025 it made 2 grants totaling $52K.
Grants by year
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| 1 grant to individuals Recipients not named | — | $26,950 |
| University of California Irvine Foundation Irvine, CA | Ortho Research & Education Fund | $25,000 |
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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 | $661,086 | $30,946 | $62,776 | $51,950 | 2 | $62,766 | $296 | $33,818 |
| 2024 | $692,916 | $250,182 | $35,788 | $25,000 | 1 | $35,788 | $182 | $23,393 |
| 2023 | $493,522 | $500,022 | $21,500 | $15,000 | 1 | $21,500 | $22 | $1,233 |
Under IRS private-foundation payout rules, Medical Magnet Foundation reported a distributable amount of $34K for 2025 — the minimum it must pay out in qualifying distributions.
Leadership & Key People
Officers and directors from IRS filings
Medical Magnet Foundation is led by Gaston Alvarez, Director, President & Treasurer on every filing since 2023; none of the 2 officers listed in 2025 report compensation.
Officers on the 2025 filing
Gaston Alvarez
Director, President & Treasurer
On filings since 2023
1 hr/week
No compensation reported
Theresa Michele Henry
Director & Secretary
On filings since 2023
1 hr/week
No compensation reported
Data from IRS Form 990 filings, 2023–2025. "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 Medical Magnet Foundation
How much does Medical Magnet Foundation give each year?
Medical Magnet Foundation gave $52K across 2 grants in 2025, according to its 2025 IRS Form 990-PF. In 2024 it gave $25K across 1 grant.
How large is Medical Magnet Foundation?
Medical Magnet Foundation reported $661K in total assets on its 2025 IRS Form 990-PF. It paid out $63K in qualifying distributions that year, against a required minimum of $34K (roughly 5% of its investment assets).
Where does Medical Magnet Foundation operate?
Medical Magnet Foundation has awarded grants in California.
What is Medical Magnet Foundation's EIN?
Medical Magnet Foundation's EIN (Employer Identification Number) is 93-2210125. IRS Form 990 filing data is available on this page for 2023–2025.
Data last updated September 2026. Sourced from IRS Form 990-PF filings.
Data update history
(2)
When this profile's IRS filing data changed on Grantable
- Added Form 990-PF for fiscal year 2025 (received by the IRS May 14, 2026)
- IRS filings on file for fiscal years 2023–2024
Explore Open Grants
Browse active grant opportunities in Medical Magnet Foundation's focus areas in our free grants database
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Cite this profile
Grantable. (2026). Medical Magnet Foundation funder profile. GrantGraph. Retrieved October 15, 2026, from https://grantable.co/funders/medical-magnet-foundation-morg_5af19f7d6da34e338cf5562b336cc77c
BibTeX
@misc{grantable_932210125_2026,
author = {{Grantable}},
title = {{Medical Magnet Foundation funder profile}},
howpublished = {GrantGraph},
year = {2026},
url = {https://grantable.co/funders/medical-magnet-foundation-morg_5af19f7d6da34e338cf5562b336cc77c},
note = {Accessed 2026-10-15. 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 Medical Magnet 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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