The Turnip Top Foundation is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in SANTA FE, NM. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $1.5M in total assets. In 2024, it awarded 27 grants totaling $160K. Net investment income was $72K.
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$1.5M
-5.7% YoY
Annual Giving
$160K
-12.6% YoY
Grant Count
27
-34.1% YoY
Avg Grant Size
$6K
+32.7% YoY
Under IRS private-foundation payout rules, The Turnip Top Foundation reported a distributable amount of $109K for 2024 — the minimum it must pay out in qualifying distributions.
About The Turnip Top Foundation
Based on IRS filings
The Turnip Top Foundation is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in SANTA FE, NM. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $1.5M in total assets. In 2024, it awarded 27 grants totaling $160K. Net investment income was $72K.
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 | $1,519,810 | $1,612,218 | $1,757,392 |
| Revenue | $94,255 | $61,487 | $-31,832 |
| Expenses | $186,663 | $206,661 | $187,655 |
| Qualifying Distributions | $160,250 | $186,654 | $165,166 |
| Net Investment Income | $71,534 | $41,507 | — |
| Distributable Amount | $109,065 | $96,050 | $103,805 |
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
155 grants across all recorded years
Giving History
Grant recipients and amounts by year
Among its reported 2024 grants, the largest include Sces (2) ($21,500), Creo Family Office Syndicate ($20,000), Eastern Sierra Artists ($19,750).
| Recipient | Purpose | Amount |
|---|---|---|
| BISHOP ROTARY FOUNDATION BISHOP, CA | SUPPORT - 501C3 ORGANIZATION | $19,000 |
| CCA SANTA FE SANTA FE, NM | SUPPORT - 501C3 ORGANIZATION | $500 |
| CREO FAMILY OFFICE SYNDICATE NEW YORK, NY | SUPPORT - 501C3 ORGANIZATION | $20,000 |
| EASTERN SIERRA ARTISTS BISHOP, CA | SUPPORT - 501C3 ORGANIZATION | $19,750 |
| HONDO FIRE DEPT SANTA FE, NM | SUPPORT - 501C3 ORGANIZATION | $1,000 |
| IMPACT ASSETS (4) BETHESDA, MD | SUPPORT - 501C3 ORGANIZATION | $4,500 |
| INTL MTN BICYCLING ASSOC (2) BOULDER, CO | SUPPORT - 501C3 ORGANIZATION | $1,000 |
| KSFR (3) SANTA FE, NM | SUPPORT - 501C3 ORGANIZATION | $1,000 |
| LA FAMILIA MEDICAL CENTER (3) SANTA FE, NM | SUPPORT - 501C3 ORGANIZATION | $1,000 |
| LENSFEST NEW YORK, NY | SUPPORT - 501C3 ORGANIZATION | $1,000 |
Leadership & Key People
Officers and directors from IRS filings
Compensation Overview
From 2024 IRS filing
From 2024 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| ROBIN MAGOWAN | DIRECTOR | 2 | — |
| SAMANTHA BURKHART | DIRECTOR | 2 | — |
| FELIX MAGOWAN | DIRECTOR | 2 | — |
| COLIN MAGOWAN | DIRECTOR | 2 | — |
| JAMES MAGOWAN | DIRECTOR | 2 | — |
Subject Areas
Focus areas based on grantmaking activity
Frequently Asked Questions
What is The Turnip Top Foundation?
The Turnip Top Foundation is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in SANTA FE, NM. It holds $1.5M in total assets as of 2024.
How large is The Turnip Top Foundation?
As of 2024, The Turnip Top Foundation holds $1.5M in total assets with $94K in annual revenue. It awarded 27 grants totaling $160K in 2024.
Where does The Turnip Top Foundation operate?
The Turnip Top Foundation has awarded grants in California, Colorado, Connecticut, Iowa, Illinois, Massachusetts, Maryland, Montana, North Carolina, New Jersey, New Mexico, New York, Oregon, Pennsylvania, Tennessee, Utah, Virginia.
What size grants does The Turnip Top Foundation award?
In 2024, The Turnip Top Foundation awarded 27 grants totaling $160K — an average of about $6K per grant, based on its IRS Form 990 filings.
How much is The Turnip Top Foundation required to give away each year?
Private foundations must generally distribute about 5% of their assets annually. For 2024, The Turnip Top Foundation reported a distributable amount of $109K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.
What is The Turnip Top Foundation's EIN?
The Turnip Top Foundation's EIN (Employer Identification Number) is 20-1510559. IRS Form 990 filing data is available on this page for 2020–2024.
Explore Open Grants
Browse active grant opportunities in The Turnip Top 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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