The Magnon Foundation
The Magnon Foundation is a private foundation, 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.
The Magnon Foundation at a glance
In short: The Magnon Foundation gave $159K across 5 grants in 2024 (avg $32K), mostly in Ohio. Source: 2024 IRS Form 990-PF.
- Annual giving (2024)
- $159,226
- -25.6% vs 2023
- Grants made (2024)
- 5
- +66.7% vs 2023
- Average grant
- $31,845
- -55.3% vs 2023
- Median grant
- $8,226
- Total assets
- $4,673,603
- -0.6% vs 2023
- Primary geography
- Ohio (85% of itemized 2024 grant dollars)
- Latest 990 filing
- Form 990-PF, 2024 View filing
Data from IRS Form 990-PF, 2024; updated September 2026.
Who The Magnon Foundation funds
How this funder distributes its grants
Top Recipients
Top 5 recipients in 2024
The largest 2024 recipient was Fidelity Investments Charitable Gift Fund ($135K). Together the top 5 received $159K.
Grant Size Distribution
16 grants across all recorded years
The most common grant size was under $50K: 11 grants of 16 (69%).
Geographic Focus
Where this funder awards grants
Grant Distribution by State
Share of 2024 grant dollars across all 5 itemized grants.
Cities
How The Magnon Foundation gives
- Giving fell 30% from 2021 to 2024. Method
- In 2024 it paid out 104% 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 2020 to 2024, annual grant giving ranged from $159K (2024) to $228K (2021). In 2024 it made 5 grants totaling $159K.
Grants by year
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| Fidelity Investments Charitable Gift Fund Cincinnati, OH | Magnon Foundation Donor Advisor Fund | $135,000 |
| Palm Springs International Film Society Palm Springs, CA | Charitable Event | $10,000 |
| The Big Brothers Big Sisters of Orange County and Santa Ana, CA | General & Unrestricted (See IN-KIND GRANT general Explanation Attachment) | $8,226 |
| Martin Luther King Jr High Riverside, CA | MLK Jr High Pep Squad | $5,000 |
| Riverside Community College District Foundation Riverside, CA | Marching Tigers | $1,000 |
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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 |
|---|---|---|---|---|---|---|---|---|
| 2024 | $4,673,603 | $244,661 | $271,743 | $159,226 | 5 | $244,095 | $218,334 | $234,261 |
| 2023 | $4,700,685 | $67,298 | $261,591 | $213,937 | 3 | $229,013 | $82,117 | $219,583 |
| 2022 | $4,894,978 | $37,215 | $284,012 | $204,498 | 4 | $247,486 | $70,646 | $228,346 |
| 2021 | $5,141,775 | $697,787 | $283,464 | $227,590 | 3 | $251,633 | $671,718 | $262,903 |
| 2020 | $4,727,452 | $180,384 | $253,557 | $204,828 | 1 | — | $157,433 | $236,837 |
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.
Leadership & Key People
Officers and directors from IRS filings
The Magnon Foundation is led by David C Stapley, Director & President on every filing since 2020; none of the 6 officers listed in 2024 report compensation.
Officers on the 2024 filing
David C Stapley
Director & President
On filings since 2020
1 hr/week
No compensation reported
Deanna Magnon
Director & Treasurer
On filings since 2020
1 hr/week
No compensation reported
Dennis Wagner
Director & Secretary
On filings since 2020
1 hr/week
No compensation reported
Jillian Yocum
Director & Vice President
On filings since 2020
1 hr/week
No compensation reported
Philip Yanni
Director & Vice President
On filings since 2020
1 hr/week
No compensation reported
Scott K Yocum
Director & Vice President
On filings since 2020
1 hr/week
No compensation reported
Data from IRS Form 990 filings, 2020–2024. "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 The Magnon Foundation
How much does The Magnon Foundation give each year?
The Magnon Foundation gave $159K across 5 grants in 2024, according to its 2024 IRS Form 990-PF. In 2023 it gave $214K across 3 grants.
What is The Magnon Foundation's typical grant size?
The Magnon Foundation's median grant in 2024 was $8,226, and its average grant was $31,845, across 5 grants on its 2024 IRS Form 990-PF.
Where does The Magnon Foundation give grants?
The Magnon Foundation gives mostly in Ohio: 85% of the grant dollars itemized on its 2024 IRS Form 990-PF went to recipients there. The next largest state was California (15%). The most frequent recipient cities were Riverside, CA (2 grants).
Does The Magnon Foundation give general operating support?
Yes: 20% of The Magnon Foundation's 2024 grants with a stated purpose (1 of 5) were for general or operating support, per its 2024 IRS Form 990-PF.
Who are The Magnon Foundation's largest grantees?
The Magnon Foundation's largest 2024 grantees include Fidelity Investments Charitable Gift Fund ($135,000), Palm Springs International Film Society ($10,000) and The Big Brothers Big Sisters of Orange County and ($8,226), according to its 2024 IRS Form 990-PF. Together they received 96% of its itemized 2024 grant dollars.
How large is The Magnon Foundation?
The Magnon Foundation reported $4.7M in total assets on its 2024 IRS Form 990-PF. It paid out $244K in qualifying distributions that year, against a required minimum of $234K (roughly 5% of its investment assets).
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.
Data last updated September 2026. Sourced from IRS Form 990-PF filings.
Data update history
(1)
When this profile's IRS filing data changed on Grantable
- IRS filings on file for fiscal years 2020–2024
Live grants for the work The Magnon Foundation funds
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