Rick & Amy Magnuson Foundation Inc
Rick & Amy Magnuson Foundation Inc is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in WALLACE, ID. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $95K in total assets. In 2024, it awarded 6 grants totaling $15K. Net investment income was $5K.
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$95K
-7.4% YoY
Annual Giving
$15K
+50.0% YoY
Grant Count
6
+50.0% YoY
Avg Grant Size
$3K
+0.0% YoY
Under IRS private-foundation payout rules, Rick & Amy Magnuson Foundation Inc reported a distributable amount of $11K for 2024 — the minimum it must pay out in qualifying distributions.
About Rick & Amy Magnuson Foundation Inc
Based on IRS filings
Rick & Amy Magnuson Foundation Inc is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in WALLACE, ID. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $95K in total assets. In 2024, it awarded 6 grants totaling $15K. Net investment income was $5K.
Focus Areas
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Geographic Focus
Where this funder awards grants
Grant Distribution by State
States
Cities
Financial History
Multi-year comparison from IRS filings
| Metric | 2024 | 2023 | 2022 |
|---|---|---|---|
| Total Assets | $95,326 | $102,934 | $112,601 |
| Revenue | $8,440 | $1,186 | $-10,751 |
| Expenses | $15,400 | $10,453 | $13,561 |
| Qualifying Distributions | $15,400 | $10,000 | $12,550 |
| Net Investment Income | $4,771 | $4,315 | $3,840 |
| Distributable Amount | $10,727 | $9,462 | $9,893 |
Giving Over Time
Total grant dollars and number of grants per year
Grant Insights
How this funder distributes its grants
Top Recipients
Top 6 recipients in 2024
Grant Size Distribution
19 grants across all recorded years
Giving History
Grant recipients and amounts by year
Among its reported 2024 grants, the largest include University of Idaho ($4,000), Lewis Clark State College ($4,000), Boise State University ($2,000).
| Recipient | Purpose | Amount |
|---|---|---|
| UNIVERSITY OF IDAHO MOSCOW, ID | SCHOLARSHIP | $4,000 |
| LEWIS CLARK STATE COLLEGE LEWISTON, ID | SCHOLARSHIP | $4,000 |
| NORTH IDAHO COLLEGE COEUR DALENE, ID | SCHOLARSHIP | $1,000 |
| BOISE STATE UNIVERSITY BOISE, ID | SCHOLARSHIP | $2,000 |
| IDAHO STATE UNIVERSITY POCATELLO, ID | SCHOLARSHIP | $2,000 |
| YAKIMA VALLEY COLLEGE YAKIMA, WA | SCHOLARSHIP | $2,000 |
Leadership & Key People
Officers and directors from IRS filings
Compensation Overview
From 2024 IRS filing
From 2024 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| JULIE MAGNUSON | Director | — | — |
| RICK MAGNUSON | President | — | — |
| AMY MAGNUSON | Secretary | — | — |
Subject Areas
Focus areas based on grantmaking activity
Frequently Asked Questions
What is Rick & Amy Magnuson Foundation Inc?
Rick & Amy Magnuson Foundation Inc is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in WALLACE, ID. It holds $95K in total assets as of 2024.
How large is Rick & Amy Magnuson Foundation Inc?
As of 2024, Rick & Amy Magnuson Foundation Inc holds $95K in total assets with $8K in annual revenue. It awarded 6 grants totaling $15K in 2024.
Where does Rick & Amy Magnuson Foundation Inc operate?
Rick & Amy Magnuson Foundation Inc has awarded grants in Idaho, Washington.
What size grants does Rick & Amy Magnuson Foundation Inc award?
In 2024, Rick & Amy Magnuson Foundation Inc awarded 6 grants totaling $15K — an average of about $3K per grant, based on its IRS Form 990 filings.
How much is Rick & Amy Magnuson Foundation Inc required to give away each year?
Private foundations must generally distribute about 5% of their assets annually. For 2024, Rick & Amy Magnuson Foundation Inc reported a distributable amount of $11K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.
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 2020–2024.
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Browse active grant opportunities in Rick & Amy Magnuson Foundation Inc's focus areas in our free grants database
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Data last updated April 2026. Sourced from IRS Form 990-PF filings.
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