The Peter Magnone Foundation is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in FORT LEE, NJ. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $888K in total assets. In 2024, it awarded 6 grants totaling $248K. Net investment income was $6K.
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$888K
+7.4% YoY
Annual Giving
$248K
+8166.7% YoY
Grant Count
6
+500.0% YoY
Avg Grant Size
$41K
+1277.8% YoY
About The Peter Magnone Foundation
Based on IRS filings
The Peter Magnone Foundation is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in FORT LEE, NJ. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $888K in total assets. In 2024, it awarded 6 grants totaling $248K. Net investment income was $6K.
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 | $887,509 | $826,699 | $686,904 |
| Revenue | $309,045 | $143,510 | $581 |
| Expenses | $248,235 | $3,715 | $3,216 |
| Qualifying Distributions | $248,000 | $3,000 | $3,000 |
| Net Investment Income | $6,015 | $3,138 | $581 |
| Distributable Amount | — | — | — |
Giving Over Time
Total grant dollars and number of grants per year
Grant Insights
How this funder distributes its grants
Top Recipients
Top 6 recipients in 2024
Grant Size Distribution
12 grants across all recorded years
Giving History
Grant recipients and amounts by year
No grants recorded for .
Leadership & Key People
Officers and directors from IRS filings
Compensation Overview
From 2024 IRS filing
From 2024 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| SOPHIA MAGNONE | PRESIDENT | 1 | — |
Subject Areas
Focus areas based on grantmaking activity
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Data last updated April 2026. Sourced from IRS Form 990-PF filings.
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