The Magic Charitable Foundation is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in METTAWA, IL. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $1.0M in total assets. In 2024, it awarded 24 grants totaling $124K. Net investment income was $219K.
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$1.0M
+9.5% YoY
Annual Giving
$124K
+24.0% YoY
Grant Count
24
-20.0% YoY
Avg Grant Size
$5K
+55.0% YoY
Under IRS private-foundation payout rules, The Magic Charitable Foundation reported a distributable amount of $128K for 2024 — the minimum it must pay out in qualifying distributions.
About The Magic Charitable Foundation
Based on IRS filings
The Magic Charitable Foundation is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in METTAWA, IL. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $1.0M in total assets. In 2024, it awarded 24 grants totaling $124K. Net investment income was $219K.
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 | $1,038,306 | $948,444 | $860,355 |
| Revenue | $237,304 | $201,368 | $36,743 |
| Expenses | $145,422 | $113,279 | $173,571 |
| Qualifying Distributions | $128,030 | $103,435 | $161,055 |
| Net Investment Income | $218,859 | $189,981 | $32,778 |
| Distributable Amount | $127,540 | $107,126 | $106,561 |
Giving Over Time
Total grant dollars and number of grants per year
Grant Insights
How this funder distributes its grants
Top Recipients
Top 10 recipients in 2024
Grant Size Distribution
89 grants across all recorded years
Giving History
Grant recipients and amounts by year
Among its reported 2024 grants, the largest include The Margo Fowler Family Foundation ($14,500), American Red Cross ($13,000), The Nature Conservancy ($10,000).
| Recipient | Purpose | Amount |
|---|---|---|
| St Jude Children's Research Hospita Memphis, TN | To advance cures, and means of prevention, for pediatric catastrophic diseases through research and treatment. | $9,000 |
| Habitat for Humanity Lake County Waukegan, IL | To provide simple, decent and affordable homes that hard-working, low-income families can own. | $3,000 |
| St Francis de Sales Catholic School Lake Zurich, IL | To promote educational excellence in a Catholic environment and offer opportunities for students to attain their full potential. | $5,000 |
| The Water Project Concord, NH | To provide reliable water projects to communities in sub-Saharan Africa who suffer from a lack of access to clean water and proper sanitation. | $4,500 |
| Doctors Without Borders New York, NY | To provide medical assistance to people affected by conflict, epidemics, disasters, or exclusion from health care. | $2,500 |
| American Red Cross Washington, DC | To prevent and alleviate human suffering in the face of emergencies. | $13,000 |
| Carmel Catholic High School Mundelein, IL | To empower students to be servant leaders filled with zeal for faith and scholarship. | $2,500 |
| BraveHearts Therapeutic Riding Ed C Harvard, IL | To bring hope, joy and unlimited possibilities through the healing power of the horse. | $5,000 |
| Ann Robert H Lurie Children's Hospi Chicago, IL | To deliver exceptional, kid-friendly care to every child who needs it and to build safer spaces where children can grow up and thrive. | $8,500 |
| Feed My Starving Children Coon Rapids, MN | To feed starving children in body and spirit and to work together with organizations and ministries across the globe to end hunger. | $2,500 |
Leadership & Key People
Officers and directors from IRS filings
Compensation Overview
From 2024 IRS filing
From 2024 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| Monica Nicholas | President | — | — |
| Michael J Nicholas | Treasurer | — | — |
| David M Nicholas | Secretary | — | — |
| Erin L Trella | Director | — | — |
| Kelly C Luby | Director | — | — |
Subject Areas
Focus areas based on grantmaking activity
Frequently Asked Questions
What is The Magic Charitable Foundation?
The Magic Charitable Foundation is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in METTAWA, IL. It holds $1.0M in total assets as of 2024.
How large is The Magic Charitable Foundation?
As of 2024, The Magic Charitable Foundation holds $1.0M in total assets with $237K in annual revenue. It awarded 24 grants totaling $124K in 2024.
Where does The Magic Charitable Foundation operate?
The Magic Charitable Foundation has awarded grants in Arizona, California, District of Columbia, Georgia, Illinois, Maryland, Minnesota, New Hampshire, New York, Ohio, Tennessee, Texas, Virginia, Washington.
What size grants does The Magic Charitable Foundation award?
In 2024, The Magic Charitable Foundation awarded 24 grants totaling $124K — an average of about $5K per grant, based on its IRS Form 990 filings.
How much is The Magic Charitable Foundation required to give away each year?
Private foundations must generally distribute about 5% of their assets annually. For 2024, The Magic Charitable Foundation reported a distributable amount of $128K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.
What is The Magic Charitable Foundation's EIN?
The Magic Charitable Foundation's EIN (Employer Identification Number) is 27-4375952. IRS Form 990 filing data is available on this page for 2020–2024.
Explore Open Grants
Browse active grant opportunities in The Magic Charitable Foundation'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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