Illinois · Private foundation
Magnetar Capital Foundation
Its FY2024 filing reports that it funds preselected organizations and did not take unsolicited requests; check the foundation's own site before ruling it out.
- $3k
- Granted FY2023
- 2
- Grants FY2023
- 2
- Organizations funded FY2023
- 50%
- First-time grantees FY2023
- Median grant, FY2023
- $2,500
- Largest grant, FY2023
- $2,500
- Organizations funded a year
- 2 to 51
- FY2019 to FY2023
- States reached, FY2023
- 1
- Total assets, FY2023
- $22k
- Applications
- Preselected organizations only
- Per its most recent filing; check its own site
How open it is to new grantees
In FY2023, 50% of the organizations Magnetar Capital Foundation funded were first-time grantees, receiving 7% of its grant dollars.
New vs renewed · share of each year
In FY2023, 93% of grant dollars renewed an existing relationship; $200 went to new ones.
Where new relationships form · theme of each grantee’s first grant
How this is measured
The numbers by year
| Fiscal year | Organizations funded | To those organizations | First-time grantees |
|---|---|---|---|
| FY2023 | 2 | $3k | 50% |
| FY2022 | 51 | $1.4M | 63% |
| FY2021 | 41 | $1.2M | 73% |
| FY2020 | 31 | $1.0M | 74% |
| FY2019 | 38 | $97k | n/a |
What it funded, over time
Every grant placed by its stated purpose and the recipient’s mission, by year, FY2019 to 2023.
Where its grants go
Grant dollars by states, across the years we hold.
Which US states its grants reach
Top grantees
Largest recipients by total granted, FY2019 to FY2023, and the share of each one’s budget the grants supplied at peak.
| Grantee | Total granted | Years | Share of their budget |
|---|---|---|---|
| University of Chicago | $3,127,039 | 4 | 0% |
| Financial Literacy and Education Foundation Inc | $330,921 | 1 | n/a |
| Writers Theatre Inc | $25,000 | 1 | 0% |
| Michaels Mission Inc | $25,000 | 1 | 4% |
| Chicago Sky Cares | $20,000 | 1 | 4% |
| Youth & Opportunity United Inc | $17,500 | 4 | 0% |
| Project Sunshine Inc | $15,000 | 1 | 0% |
| Cook County Health Foundation | $10,000 | 1 | 1% |
| Evanston Scholars | $10,000 | 4 | 0% |
| Bedford Stuyvesant Restoration Corporation | $9,850 | 1 | 0% |
Show all 92 grantees
What it could do for these grantees
Plus 32 recipients with no EIN on record ($35k), not named here.
Where it is load-bearing
Each grantee by its size and the share of its budget Magnetar Capital Foundation supplied at peak.
Tap a dot to name the grantee.
How this is measured
Co-funders
Grantmakers whose grantees overlap with this funder’s far more than size alone predicts. Closer means stronger alignment; arcs show where they also fund each other. Here they form a tightly interlocked group: most of these funders back each other's grantees too.
Open a dossier: Jpmorgan Chase Foundation · AbbVie Foundation · Northwestern University · The Chicago Community Trust · United Way of Metropolitan Chicago Inc · Jewish Federation of Metropolitan Chicago · John D and Catherine T Macarthur Foundation · Circle of Service Foundation · Cless Family Foundation · The Ayco Charitable Foundation · Finnegan Family Foundation · The Kellcie Fund
How this is measured
Warm introductions · Powered by PlinthPlus
How do I get to Magnetar Capital Foundation?
Find your warmest path to Magnetar Capital Foundation through trustees and officers whose names appear on both boards. Search for your organization and Plinth traces the shortest route it can evidence.
Each link is a name appearing on two organizations’ public IRS 990 filings, matched on that name and, where the filings support it, on location. A same-state match has geographic support, which is a second matching feature rather than confirmation that the two are one person; a cross-state one is the likeliest to be two people who share a name. Every hop shows its tier, low-confidence and distant paths are held back rather than guessed, and it is worth confirming the person before you use the introduction.
About Magnetar Capital Foundation
- How much does Magnetar Capital Foundation give?
- Magnetar Capital Foundation reported 2 grants totaling $2,700 in its FY2023 IRS filing. It funded between 2 and 51 organizations a year over FY2019 to FY2023.
- What does Magnetar Capital Foundation fund?
- By grant dollars over FY2019 to FY2023, its largest causes are Education (94%), Health (2%), Arts & Culture (1%).
- Who are Magnetar Capital Foundation's largest grantees?
- By total granted over FY2019 to FY2023: University of Chicago ($3.1M), Financial Literacy and Education Foundation Inc ($331k), Writers Theatre Inc ($25k).
- Does Magnetar Capital Foundation fund new organizations?
- In FY2023, 50% of the organizations it funded were first-time grantees.
- Does Magnetar Capital Foundation accept unsolicited applications?
- Its most recent filing reports that it funds preselected organizations and does not take unsolicited requests. Check the foundation's own site before ruling it out.
- Which funders back the same organizations as Magnetar Capital Foundation?
- Its strongest co-funders, measured against what their size predicts, include Jpmorgan Chase Foundation, AbbVie Foundation, Northwestern University.
- Where is Magnetar Capital Foundation based?
- Magnetar Capital Foundation is based in IL.
Play a game based on Magnetar Capital’s filings →