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.
Rick & Amy Magnuson Foundation Inc at a glance
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.
- Annual giving (2025)
- $23,500
- +56.7% vs 2024
- Grants made (2025)
- 6
- +0.0% vs 2024
- Average grant
- $3,917
- +56.7% vs 2024
- Median grant
- $3,250
- Total assets
- $80,151
- -15.9% vs 2024
- Primary geography
- Idaho (64% 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 Rick & Amy Magnuson Foundation Inc funds
How this funder distributes its grants
Top Recipients
Top 4 recipients in 2025
The largest 2025 recipient was University of Idaho ($9K). Together the top 4 received $16K.
Organizations only. It also paid 2 individual scholarships ($8,000), which are not listed by name.
Grant Size Distribution
22 grants across all recorded years
The most common grant size was under $50K: 22 grants of 22 (100%).
Geographic Focus
Where this funder awards grants
Grant Distribution by State
Share of 2025 grant dollars across all 6 itemized grants.
Cities
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.
Giving History
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.
Grants by year
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| University of Idaho Moscow, ID | Scholarship | $9,000 |
| 2 individual scholarships Recipients not named | — | $8,000 |
| Emerson College Boston, MA | Scholarship | $2,500 |
| Yakima Valley College Yakima, WA | Scholarship | $2,000 |
| Idaho State University Pocatello, ID | Scholarship | $2,000 |
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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 | $80,151 | $9,771 | $24,946 | $23,500 | 6 | $24,946 | $9,771 | $11,940 |
| 2024 | $95,326 | $8,440 | $15,400 | $15,000 | 6 | $15,400 | $4,771 | $10,727 |
| 2023 | $102,934 | $1,186 | $10,453 | $10,000 | 4 | $10,000 | $4,315 | $9,462 |
| 2022 | $112,601 | $-10,751 | $13,561 | $12,500 | 3 | $12,550 | $3,840 | $9,893 |
| 2021 | $136,513 | $44,277 | $14,170 | $13,750 | 3 | $13,750 | $43,857 | $9,891 |
| 2020 | $106,406 | $3,752 | $16,206 | $15,000 | 3 | — | $4,293 | $9,614 |
| 2019 | $118,860 | $53,118 | $10,938 | $10,500 | 2 | — | $42,680 | $8,351 |
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.
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), Emerson College ($2,500) and Yakima Valley College ($2,000), according to its 2025 IRS Form 990-PF. It also paid 2 individual scholarships ($8,000), which are not listed by name. Together they received 57% 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.
Data update history
(8)
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
Live grants for the work Rick & Amy Magnuson Foundation Inc funds
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