Rick & Amy Magnuson Foundation Inc
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
Share of all 6 itemized 2025 grant dollars.
Cities
Giving Over Time
Total grant dollars and number of grants per year
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
The largest 2025 recipient was University of Idaho ($9K). Together the top 6 received $24K.
Grant Size Distribution
22 grants across all recorded years
The most common grant size was under $50K: 22 grants of 22 (100%).
Giving History
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| University of Idaho Moscow, ID | Scholarship | $9,000 |
| Lewis Clark State College Lewiston, ID | Scholarship | $4,000 |
| Walla Walla Community College Walla Walla, WA | Scholarship | $4,000 |
| Emerson College Boston, MA | Scholarship | $2,500 |
| Yakima Valley College Yakima, WA | Scholarship | $2,000 |
| Idaho State University Pocatello, ID | Scholarship | $2,000 |
Financial History
Multi-year comparison from IRS filings
| Metric | 2025 | 2024 | 2023 |
|---|---|---|---|
| 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
- Updated Form 990-PF for fiscal year 2019 (received by the IRS April 6, 2020)
- Updated Form 990-PF for fiscal year 2020 (received by the IRS February 27, 2021)
- Updated Form 990-PF for fiscal year 2021 (received by the IRS March 26, 2022)
- Updated Form 990-PF for fiscal year 2022 (received by the IRS February 2, 2023)
- Updated Form 990-PF for fiscal year 2023 (received by the IRS February 8, 2024)
- Updated Form 990-PF for fiscal year 2024 (received by the IRS August 1, 2025)
- Updated Form 990-PF for fiscal year 2025 (received by the IRS April 1, 2026)
- 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.
Here's the math on researching Rick & Amy Magnuson Foundation Inc by hand.
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