Nesta O Magnuson Foundation Inc

SARASOTA, FL EIN: 65-6300888

Nesta O Magnuson Foundation Inc is a private foundation focused on Religion Related, based in SARASOTA, FL. IRS filing data is available for 2020. As of 2020, the organization holds $1K in total assets. In 2020, it awarded 1 grants totaling $10K. Net investment income was $16K.

Financial Overview

From 2020 IRS Form 990-PF · View filing

Total Assets

$1K

Annual Giving

$10K

Grant Count

Avg Grant Size

$10K

Under IRS private-foundation payout rules, Nesta O Magnuson Foundation Inc reported a distributable amount of $4K for 2020 — the minimum it must pay out in qualifying distributions.

About Nesta O Magnuson Foundation Inc

Based on IRS filings

Focus Areas

Religion Related

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Geographic Focus

Where this funder awards grants

Grant Distribution by State

Louisiana $10K (100%)

States

Louisiana

Cities

Slidell

Financial History

Multi-year comparison from IRS filings

Revenue

Expenses

Qualifying Distributions

Net Investment Income

Metric	2020
Total Assets	$1,035
Revenue	$56,658
Expenses	$10,434
Qualifying Distributions	—
Net Investment Income	$16,258
Distributable Amount	$3,817

Giving Over Time

Total grant dollars and number of grants per year

Grant Insights

How this funder distributes its grants

Top Recipients

Top 1 recipients in 2020

Grant Size Distribution

1 grants across all recorded years

Giving History

Grant recipients and amounts by year

Among its reported 2020 grants, the largest include Save Rhe Generarion Fndn ($10,000).

Recipient	Purpose	Amount
SAVE RHE GENERARION FNDN SLIDELL, LA	CASH GRANT	$10,000

Leadership & Key People

Officers and directors from IRS filings

Compensation Overview

From 2020 IRS filing

From 2020 filing

Name	Title	Hours	Compensation
PETER MAGNUSON	PRESIDENT	0.25	—
CARMEN O PEDICINI	SECRETARY	0.1	—
KRAIG KOACH	TREASURER	0.1	—
NESTA RUSSO	DIRECTOR	0.1	—

Subject Areas

Focus areas based on grantmaking activity

Religion Related

Frequently Asked Questions

What is Nesta O Magnuson Foundation Inc?

Nesta O Magnuson Foundation Inc is a nonprofit organization focused on Religion Related, based in SARASOTA, FL. It holds $1K in total assets as of 2020.

How large is Nesta O Magnuson Foundation Inc?

As of 2020, Nesta O Magnuson Foundation Inc holds $1K in total assets with $57K in annual revenue. It awarded 1 grants totaling $10K in 2020.

Where does Nesta O Magnuson Foundation Inc operate?

Nesta O Magnuson Foundation Inc has awarded grants in Louisiana.

What size grants does Nesta O Magnuson Foundation Inc award?

In 2020, Nesta O Magnuson Foundation Inc awarded 1 grants totaling $10K — an average of about $10K per grant, based on its IRS Form 990 filings.

How much is Nesta O Magnuson Foundation Inc required to give away each year?

Private foundations must generally distribute about 5% of their assets annually. For 2020, Nesta O Magnuson Foundation Inc reported a distributable amount of $4K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.