The Magnon Foundation is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in WILMINGTON, DE. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $4.7M in total assets. In 2024, it awarded 5 grants totaling $159K. Net investment income was $218K.
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$4.7M
-0.6% YoY
Annual Giving
$159K
-25.6% YoY
Grant Count
5
+66.7% YoY
Avg Grant Size
$32K
-55.3% YoY
Under IRS private-foundation payout rules, The Magnon Foundation reported a distributable amount of $234K for 2024 — the minimum it must pay out in qualifying distributions.
About The Magnon Foundation
Based on IRS filings
The Magnon Foundation is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in WILMINGTON, DE. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $4.7M in total assets. In 2024, it awarded 5 grants totaling $159K. Net investment income was $218K.
Focus Areas
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Geographic Focus
Where this funder awards grants
Grant Distribution by State
Cities
Financial History
Multi-year comparison from IRS filings
| Metric | 2024 | 2023 | 2022 |
|---|---|---|---|
| Total Assets | $4,673,603 | $4,700,685 | $4,894,978 |
| Revenue | $244,661 | $67,298 | $37,215 |
| Expenses | $271,743 | $261,591 | $284,012 |
| Qualifying Distributions | $244,095 | $229,013 | $247,486 |
| Net Investment Income | $218,334 | $82,117 | $70,646 |
| Distributable Amount | $234,261 | $219,583 | $228,346 |
Giving Over Time
Total grant dollars and number of grants per year
Grant Insights
How this funder distributes its grants
Top Recipients
Top 5 recipients in 2024
Grant Size Distribution
16 grants across all recorded years
Giving History
Grant recipients and amounts by year
Among its reported 2024 grants, the largest include Fidelity Investments Charitable Gift Fund ($135,000), Palm Springs International Film Society ($10,000), Big Brothers Big Sisters of Orange County and the ($8,226).
| Recipient | Purpose | Amount |
|---|---|---|
| BIG BROTHERS BIG SISTERS OF ORANGE COUNTY AND THE SANTA ANA, CA | General & Unrestricted (See IN-KIND GRANT general Explanation Attachment) | $8,226 |
| FIDELITY INVESTMENTS CHARITABLE GIFT FUND CINCINNATI, OH | MAGNON FOUNDATION DONOR ADVISOR FUND | $135,000 |
| Martin Luther King Jr High Riverside, CA | MLK Jr High Pep Squad | $5,000 |
| PALM SPRINGS INTERNATIONAL FILM SOCIETY PALM SPRINGS, CA | Charitable Event | $10,000 |
| RIVERSIDE COMMUNITY COLLEGE DISTRICT FOUNDATION RIVERSIDE, CA | Marching Tigers | $1,000 |
Leadership & Key People
Officers and directors from IRS filings
Compensation Overview
From 2024 IRS filing
From 2024 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| Deanna Magnon | Dir, Treas | 1 | — |
| David C Stapley | Dir, Pres | 1 | — |
| Dennis Wagner | Dir, Sec | 1 | — |
| Philip Yanni | Dir, VP | 1 | — |
| Jillian Yocum | Dir, VP | 1 | — |
| Scott K Yocum | Dir, VP | 1 | — |
Subject Areas
Focus areas based on grantmaking activity
Frequently Asked Questions
What is The Magnon Foundation?
The Magnon Foundation is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in WILMINGTON, DE. It holds $4.7M in total assets as of 2024.
How large is The Magnon Foundation?
As of 2024, The Magnon Foundation holds $4.7M in total assets with $245K in annual revenue. It awarded 5 grants totaling $159K in 2024.
Where does The Magnon Foundation operate?
The Magnon Foundation has awarded grants in California, Massachusetts, Ohio, Pennsylvania.
What size grants does The Magnon Foundation award?
In 2024, The Magnon Foundation awarded 5 grants totaling $159K — an average of about $32K per grant, based on its IRS Form 990 filings.
How much is The Magnon Foundation required to give away each year?
Private foundations must generally distribute about 5% of their assets annually. For 2024, The Magnon Foundation reported a distributable amount of $234K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.
What is The Magnon Foundation's EIN?
The Magnon Foundation's EIN (Employer Identification Number) is 20-3290595. IRS Form 990 filing data is available on this page for 2020–2024.
Explore Open Grants
Browse active grant opportunities in The Magnon 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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