Rick & Amy Magnuson Foundation Inc

Private foundation · Grantmaker Wallace, ID EIN: 82-0524027

Rick & Amy Magnuson Foundation Inc is a private foundation, based in Wallace, ID. IRS filing data is available from 2019 through 2025. As of 2025, the organization holds $80K in total assets. In 2025, it awarded 6 grants totaling $24K. Net investment income was $10K.

Key facts about Rick & Amy Magnuson Foundation Inc

In short: Rick & Amy Magnuson Foundation Inc gave $24K across 6 grants in 2025 (avg $4K), mostly in Idaho. Source: 2025 IRS Form 990-PF.

EIN
82-0524027
Latest 990 filing
Form 990-PF, 2025
Annual giving (2025)
$23,500
Grants made (2025)
6
Average grant
$3,917
Median grant
$3,250
Total assets
$80,151
Primary geography
Idaho (64% of itemized 2025 grant dollars)

Data from IRS Form 990-PF, 2025; updated September 2026.

Financial Overview

From 2025 IRS Form 990-PF · View filing

Total Assets

$80K

-15.9% YoY

Annual Giving

$24K

+56.7% YoY

Grant Count

6

+0.0% YoY

Avg Grant Size

$4K

+56.7% YoY

Under IRS private-foundation payout rules, Rick & Amy Magnuson Foundation Inc reported a distributable amount of $12K for 2025 — the minimum it must pay out in qualifying distributions.

How Rick & Amy Magnuson Foundation Inc gives

  • Giving grew 88% from 2022 to 2025. Method
  • In 2025 it paid out 209% of its IRS minimum distribution (the 5% rule). Method

From the foundation's IRS Form 990-PF filings. Methodology.

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Geographic Focus

Where this funder awards grants

Grant Distribution by State

4states

Share of all 6 itemized 2025 grant dollars.

Cities

MoscowBoiseCoeur d'AleneLewistonPocatelloYakimaBostonCheneyHelenaWalla WallaWallace

Giving Over Time

Total grant dollars and number of grants per year

$0$10K$20K$30K2 grants20193 grants20203 grants20213 grants20224 grants20236 grants20246 grants2025

From 2019 to 2025, annual grant giving ranged from $10K (2023) to $24K (2025). In 2025 it made 6 grants totaling $24K.

Grant Insights

How this funder distributes its grants

Top Recipients

Top 6 recipients in 2025

University of Idaho: $9KUniversity of Idaho$9KLewis Clark State College: $4KLewis Clark State College$4KWalla Walla Community College: $4KWalla Walla Community College$4KEmerson College: $3KEmerson College$3KYakima Valley College: $2KYakima Valley College$2KIdaho State University: $2KIdaho State University$2K

The largest 2025 recipient was University of Idaho ($9K). Together the top 6 received $24K.

Grant Size Distribution

22 grants across all recorded years

22<$50K$50–100K$100–250K$250–500K$500K–1M$1–5M$5M+

The most common grant size was under $50K: 22 grants of 22 (100%).

Giving History

Grant recipients and amounts by year

RecipientPurposeAmount
University of Idaho Moscow, IDScholarship$9,000
Lewis Clark State College Lewiston, IDScholarship$4,000
Walla Walla Community College Walla Walla, WAScholarship$4,000
Emerson College Boston, MAScholarship$2,500
Yakima Valley College Yakima, WAScholarship$2,000
Idaho State University Pocatello, IDScholarship$2,000

Financial History

Multi-year comparison from IRS filings

Revenue
Expenses
Qualifying Distributions
Net Investment Income
$0$20K$40K$60K2019202020212022202320242025
Metric202520242023
Total Assets$80,151$95,326$102,934
Revenue$9,771$8,440$1,186
Expenses$24,946$15,400$10,453
Qualifying Distributions$24,946$15,400$10,000
Net Investment Income$9,771$4,771$4,315
Distributable Amount$11,940$10,727$9,462

Data update history

When this profile's IRS filing data changed on Grantable

  1. Updated Form 990-PF for fiscal year 2019 (received by the IRS April 6, 2020)
  2. Updated Form 990-PF for fiscal year 2020 (received by the IRS February 27, 2021)
  3. Updated Form 990-PF for fiscal year 2021 (received by the IRS March 26, 2022)
  4. Updated Form 990-PF for fiscal year 2022 (received by the IRS February 2, 2023)
  5. Updated Form 990-PF for fiscal year 2023 (received by the IRS February 8, 2024)
  6. Updated Form 990-PF for fiscal year 2024 (received by the IRS August 1, 2025)
  7. Updated Form 990-PF for fiscal year 2025 (received by the IRS April 1, 2026)
  8. IRS filings on file for fiscal years 2019–2025

Leadership & Key People

Officers and directors from IRS filings

Rick & Amy Magnuson Foundation Inc is led by Rick Magnuson, President since 2024 (on filings since 2019); none of the 3 officers listed in 2025 report compensation.

Officers on the 2025 filing

  • Rick Magnuson

    President

    President & Director → President, 2024

    On filings since 2019

    No compensation reported

  • Julie Magnuson

    Director

    On filings since 2019

    No compensation reported

  • Amy Magnuson

    Secretary

    Secretary & Director → Secretary, 2024

    On filings since 2019

    No compensation reported

Data from IRS Form 990 filings, 2019–2025. "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 Rick & Amy Magnuson Foundation Inc

How much does Rick & Amy Magnuson Foundation Inc give each year?

Rick & Amy Magnuson Foundation Inc gave $24K across 6 grants in 2025, according to its 2025 IRS Form 990-PF. In 2024 it gave $15K across 6 grants.

What is Rick & Amy Magnuson Foundation Inc's typical grant size?

Rick & Amy Magnuson Foundation Inc's median grant in 2025 was $3,250, and its average grant was $3,917, across 6 grants on its 2025 IRS Form 990-PF.

Where does Rick & Amy Magnuson Foundation Inc give grants?

Rick & Amy Magnuson Foundation Inc gives mostly in Idaho: 64% of the grant dollars itemized on its 2025 IRS Form 990-PF went to recipients there. The next largest states were Washington (26%) and Massachusetts (11%).

Does Rick & Amy Magnuson Foundation Inc give general operating support?

Not in 2025: none of the 6 grants with a stated purpose on Rick & Amy Magnuson Foundation Inc's 2025 IRS Form 990-PF were described as general or operating support. Recurring purposes include "Scholarship" (6 grants).

Who are Rick & Amy Magnuson Foundation Inc's largest grantees?

Rick & Amy Magnuson Foundation Inc's largest 2025 grantees include University of Idaho ($9,000), Lewis Clark State College ($4,000) and Walla Walla Community College ($4,000), according to its 2025 IRS Form 990-PF. Together they received 72% of its itemized 2025 grant dollars.

How large is Rick & Amy Magnuson Foundation Inc?

Rick & Amy Magnuson Foundation Inc reported $80K in total assets on its 2025 IRS Form 990-PF. It paid out $25K in qualifying distributions that year, against a required minimum of $12K (roughly 5% of its investment assets).

What is Rick & Amy Magnuson Foundation Inc's EIN?

Rick & Amy Magnuson Foundation Inc's EIN (Employer Identification Number) is 82-0524027. IRS Form 990 filing data is available on this page for 2019–2025.

Data last updated September 2026. Sourced from IRS Form 990-PF filings.

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