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Magnetar Capital Foundation at a glanceMostly funded, not a grantmaker: see who funds it →

· 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
1
States reached
$3k
Largest
01What it fundsRead
02The needRead
03Its granteesRead
04Its fieldRead
05Through PlinthRead
01What it funds
0196% classified

What it funded, over time

Every grant placed by its stated purpose and the recipient’s mission, by year, FY2019 to 2023.

Education$3.5MHealth$64kArts & Culture$31kHuman Services$26kYouth Development$24kPhilanthropy$18kCommunity Improvement$13kCrime & Legal$9kOther$0
02FY2023 · 2 grants

Where the money goes

Grants by size, and the largest recipients.

$2,500
Median grant
1
States reached
$22k
Total assets
Largest grants
RecipientAmount
Youth & Opportunity United Inc$2,500
Marwen Foundation$200
02The need
03

Does the money reach high-need areas?

Each grant placed by the hardship in its grantee’s ZIP, against the area’s typical level.

show:

Its human-services grants (FY20–22, $26k) land where the poverty rate runs at 14%, against an area that typically sits at 10%. 97% of those dollars go to grantees based in above-average-need neighborhoods. Most of its grants land in higher-need ZIPs.

area typical 10%Freedom Service Dogs: $500 → 8%Carver Center: $300 → 9%Southwest Special Recreation Association: $150 → 14%Innocence Project: $1k → 17%Chicago Sky Cares: $20k → 14%Center on Halsted: $350 → 14%Urban Initiatives Inc: $1k → 14%Urban Initiatives Inc: $300 → 14%The Honeycomb Project LLC: $3k → 14%The Honeycomb Project LLC: $100 → 14%Youth Services of Glenview-Northbrook: $150 → 14%0%20%40%50%more need →
grant to an above-average-need area below average· circle size = grant amount
How this is measured
Matched: human-services grants are those whose grantee’s IRS cause code is Human Services. Placed by people below the poverty line in the grantee’s ZIP, averaged from the tracts in that ZIP.

Which US states its grants reach

MN
IL
MI
NY
MA
IN
OH
PA
NJ
CT
CA
CO
VA
MD
KS
TN
DC
TX
FL
How this is measured
US grants placed by each grantee’s ZIP, which can differ from where services are delivered. Need from public data (U.S. Census/ACS, CDC PLACES, Eviction Lab, USDA), shown as context about the area, never attributed to the funder’s giving.
03Its grantees
repeat funding

Who it funds again

Organizations funded in more than one year, against those funded once.

86%of every dollar goes to organizations it has funded before.
$3.2M · 25 repeat orgs$515k to everyone else

25 repeat relationships: 1 still active in FY2023, 24 since wound down; 1 grantees were first funded in FY2023 (too recent to call).

How the two cohorts compare

Re-uppedFunded once

Organizations

25
98

Total granted

$3.2M
$515k

Median revenue growth · since first grant

+20%
+20%

Still filing today

92%
65%

New vs renewed · share of each year

In FY2023, 93% of grant dollars renewed an existing relationship; $200 went to new ones.

50%100%’19’20’21’22’23
RenewedFirst-time

Where new relationships form · theme of each grantee’s first grant

’19’20’21’22’23
EducationHealthHuman ServicesInternationalAnimalsPhilanthropyOther
How this is measured
First-time means a grantee’s first year in the filing window; renewed means funded in an earlier year too. The renewed share climbs naturally as a portfolio matures, so the signal is a year that bucks it (a wave of new grantees). The earliest year is left-censored: relationships that predate the data read as new. Theme is the grantee’s IRS cause.

Backed again, and grew

  • University of Chicago
    4× · 2019–2022 · $3.1M · revenue +25%
  • ES
    EVANSTON SCHOLARS
    4× · 2019–2022 · $10k · revenue +85%
  • GREATER CHICAGO FOOD DEPOSITORY
    3× · 2020–2022 · $2k · revenue +17%

Funded once

  • FL
    FINANCIAL LITERACY AND EDUCATION FOUNDATION INC
    one grant, 2022 · $331k
  • WT
    Writers Theatre Incgraduated
    one grant, 2019 · $25k · revenue +50%
  • MM
    MICHAELS MISSION INC
    one grant, 2019 · $25k · revenue -99%
How this is measured

Repeat means funded in two or more distinct years. Growth and survival are read from each grantee’s own subsequent IRS filings.

04Its field

Closest unfunded matches

The nonprofits that most resemble its grantees but are not funded by it, scored along the direction from the rest of the field toward the portfolio. A resemblance in what they say they do, not a recommendation.

1
Chicago Public Education Fund

The chicago public education fund (the fund) is a nonprofit organization that improves public schools in chicago by investing in the talented educators who lead them.

Education
2
Massachusetts Institute of Technology

The mission of mit is to advance knowledge and educate students in science, technology, and other areas of scholarship that will best serve the nation and the world in the 21st century.

Education
3
Columbia College Chicago

The organization's mission is to educate students for creative occupations in diverse fields of arts and media.

Education
4
Kipp Chicago Schools

The team at kipp chicago schools is guided by a simple, yet powerful mission: to create a network of excellent schools in chicago that teach our students the character and academic skills necessary to succeed in college and beyond, and to…

Education
5
National Opinion Research Center

See schedule onorc at the university of chicago conducts research and data science on critical societal issues to guide decision-making and the development of programs and public policy. our experts identify relationships and trends, and…

Social Science
6
Trustees of Tufts College

Education and Research

Education
7
University of New Haven

The University of New Haven is a student-centered comprehensive university with an emphasis on excellence in liberal arts and professional education. Our mission is to prepare our students to lead purposeful and fulfilling lives in a…

Education
8
University of Chicago Medical Center

Our mission at the university of chicago medicine is to provide superior health care through rigorous research, innovative education, and comprehensive care and healing. in partnership with our colleagues, we pursue life-changing…

Health
9
The Union of Concerned Scientists Inc

The union of concerned scientists puts rigorous, independent science into action, developing solutions and advocating for a healthy, safe, and just future.

International
10
Manhattanville University

To educate students to be ethical and socially responsible leaders in a global community.

Education
11
United States Naval Institute

Provide an independent forum for those who dare to read, think, speak, and write to advance the professional, literary, and scientific understanding of sea power and other issues critical to global security.

—
12
Saint Xavier University

Saint xavier university, a catholic institution inspired by the heritage of the sisters of mercy, educates persons to search for truth, think critically, communicate effectively and serve wisely and compassionately in support of human…

Education
How this is measured
The grantee most central to the portfolio’s shape is Connections for the Homeless Inc; the most unlike its peers is Lucky Farms Animal Rescue. Resemblance is measured on each organization’s own IRS 990 mission text; it reflects how work is described, not its quality or impact.
04the grantee network

91 grantees tracked through their own filings, 2017–2026.

Each grant beside the grantee’s revenue from every source, year by year.

How this is measured

Counted here: distinct organizations funded across 2017 to 2026, not grant rows in a single year, so this will not match the grant count on the cover. 91 of the 127 grantees resolved in that span have returns of their own we could reconcile.

Each grantee is resolved to its own IRS returns. Association, dated; never a causal claim.

0
Load-bearing (≥25% of a budget)
13
Early backer (in before they grew)
91/91
Grantees still filing
63/91
Grew since first funded

Where the money sits, by cause and then by grantee

University of Chicago: $3,127,039 · EducationUniversity of Chicago+14 more: $15,000 · EducationFINANCIAL LITERACY AND EDUCATION FOUNDATION INC: $330,921 · OtherFINANCIAL LIT…YOUTH & OPPORTUNITY UNITED INC: $17,500 · Other+79 more: $77,489 · Other+79 moreMICHAELS MISSION INC: $25,000 · HealthPROJECT SUNSHINE INC: $15,000 · HealthCOOK COUNTY HEALTH FOUNDATION: $10,000 · HealthTHE ASSOCIATION FOR FRONTOTEMPORAL DEGENERATION: $4,000 · HealthALS THERAPY DEVELOPMENT FOUNDATION INC: $2,000 · Health+4 more: $2,244 · HealthCHICAGO SKY CARES: $20,000 · Human ServicesTHE HONEYCOMB PROJECT INC NFP: $2,600 · Human ServicesURBAN INITIATIVES INC: $1,300 · Human ServicesTHE INNOCENCE PROJECT INC: $1,000 · Human Services+5 more: $1,450 · Human ServicesWriters Theatre Inc: $25,000 · Arts & Culture+3 more: $900 · Arts & CultureEvanston Community Foundation: $15,000 · PhilanthropyPHILANTHROPIC VENTURES FOUNDATION: $2,800 · Philanthropy+5 more: $1,006 · PhilanthropyBedford Stuyvesant Restoration Corporation: $9,850 · Housing & ShelterCONNECTIONS FOR THE HOMELESS INC: $500 · Housing & Shelter
Education$3,142,039Other$425,910Health$58,244Human Services$26,350Arts & Culture$25,900Philanthropy$18,806Housing & Shelter$10,350

Each grantee by its size and the funder’s share of it; top left is load-bearing

25%50%75%100%$100k$1.0M$10M$100Mgrantee revenue →↑ funder's share of their budgetUniversity of Chicago: $3,127,039 over 4y, 0.0% of budgetWriters Theatre Inc: $25,000 over 1y, 0.4% of budgetMICHAELS MISSION INC: $25,000 over 1y, 3.8% of budgetCHICAGO SKY CARES: $20,000 over 1y, 3.8% of budgetYOUTH & OPPORTUNITY UNITED INC: $17,500 over 4y, 0.1% of budgetEvanston Community Foundation: $15,000 over 1y, 0.2% of budgetPROJECT SUNSHINE INC: $15,000 over 1y, 0.3% of budgetCOOK COUNTY HEALTH FOUNDATION: $10,000 over 1y, 0.7% of budgetEVANSTON SCHOLARS: $10,000 over 4y, 0.3% of budgetBedford Stuyvesant Restoration Corporation: $9,850 over 1y, 0.1% of budgetMETROSQUASH NFP: $5,000 over 1y, 0.2% of budgetBRADY CENTER TO PREVENT GUN VIOLENCE: $5,000 over 1y, 0.0% of budgetTHE ASSOCIATION FOR FRONTOTEMPORAL DEGENERATION: $4,000 over 2y, 0.0% of budgetRole Model Movement Inc (NFP): $3,525 over 1y, 0.0% of budgetEvanston Chamber of Commerce: $3,000 over 1y, 0.8% of budgetPHILANTHROPIC VENTURES FOUNDATION: $2,800 over 1y, 0.0% of budgetTHE HONEYCOMB PROJECT INC NFP: $2,600 over 1y, 0.8% of budgetGREATER CHICAGO FOOD DEPOSITORY: $2,050 over 3y, 0.0% of budgetALS THERAPY DEVELOPMENT FOUNDATION INC: $2,000 over 3y, 0.0% of budgetNOBLE NETWORK OF CHARTER SCHOOLS: $1,500 over 1y, 0.0% of budgetWORLD CENTRAL KITCHEN INC: $1,353 over 1y, 0.0% of budgetURBAN INITIATIVES INC: $1,300 over 2y, 0.0% of budgetPAWS CHICAGO: $1,200 over 2y, 0.0% of budgetSave The Children Federation Inc: $1,100 over 1y, 0.0% of budgetTHE NATIONAL FEDERATION OF THE BLIND: $1,000 over 2y, 0.0% of budgetNorthwestern University: $1,000 over 1y, 0.0% of budgetAmerican Heart Association Inc: $1,000 over 2y, 0.0% of budgetKIND INC: $1,000 over 1y, 0.0% of budgetTHE INNOCENCE PROJECT INC: $1,000 over 1y, 0.0% of budgetHUDSON COUNTY COURT APPOINTED SPECIAL ADVOCATES INC: $900 over 3y, 0.0% of budgetHelp Our Military Heroes Inc: $850 over 3y, 0.1% of budgetUNITED STATES FUND FOR UNICEF: $758 over 1y, 0.0% of budgetUniversity of Michigan: $600 over 2y, 0.1% of budgetGLOBALGIVING FOUNDATION INC: $530 over 1y, 0.0% of budgetPARENTS OF PS 334 INC: $500 over 1y, 0.1% of budgetPARENTS CLUB OF BOY SCOUT TROOP 497 INC: $500 over 1y, 1.2% of budgetKids Above All Illinois: $500 over 1y, 0.0% of budgetHUMANE SOCIETY OF WESTCHESTER INC: $500 over 1y, 0.0% of budgetTHE COLORADO SEARCH AND RESCUE ASSOCIATION INC: $500 over 1y, 0.3% of budgetFREEDOM SERVICE DOGS INC: $500 over 1y, 0.0% of budgetInternational Rescue Committee INC: $500 over 1y, 0.0% of budgetJAMES B MORAN CENTER FOR YOUTH ADVOCACY: $500 over 1y, 0.0% of budgetUniversity of Illinois Foundation: $500 over 1y, 0.0% of budgetHARDING ACADEMY: $500 over 1y, 0.0% of budgetCONNECTIONS FOR THE HOMELESS INC: $500 over 1y, 0.0% of budgetTREVOR PROJECT INC: $500 over 1y, 0.0% of budgetTHE INTERNATIONAL RHINO FOUNDATION: $500 over 1y, 0.0% of budgetChicago Symphony Orchestra: $400 over 3y, 0.0% of budget
Grantee by grantee: a decade per organization, before and after funding

A decade per grantee: revenue shaded, grants as bars, all rows on one timeline.

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.

Jpmorgan Chase Founda…AbbVie FoundationNorthwestern Universi…The Chicago Community…United Way of Metropo…Jewish Federation of …John D and Catherine …Circle of Service Fou…Cless Family Foundati…The Ayco Charitable F…Finnegan Family Found…The Kellcie Fund
Jpmorgan Chase FoundationNY21× affinity21 shared granteesties to 11 of 11Hover any node to trace its alignments.Compare side by side →

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
Affinity is a Gamma-Poisson posterior co-funding rate, re-centered on the typical rate, so thin evidence shrinks toward no signal. Overlap is association, not proof of shared intent.

How much its grantees rely on government

Each dot is one organization Magnetar Capital Foundation funds: left to right is the share of its income from government, bottom to top the share from Magnetar Capital Foundation. Bigger dots raise more.

2024
’20’21’22’23’24’25
no gov · 40%0%1%3%5%funder's share of their income ↑0%25%50%75%100%share of the org’s income from government →median 8%
  • Save the Children Federation Inc: 30% of income from government
  • Als Therapy Development Foundation Inc: 8% of income from government
  • The National Federation of the Blind: 2% of income from government
  • K9S for Warriors Inc: 0% of income from government
no gov moneyreceives it· size = income
4get no government money at all
26report government grants on their 990 we could not trace to a source (not plotted)
0rely on government for over half their income
typical government reliance, FY20–25
How this is measured
Government income is each org’s traced federal awards (USASpending grants and contracts) plus state payments (open checkbooks) as a share of its total revenue (IRS Form 990); the self-reported government-grant line (990 line 1e) is carried for cross-check: a grantee that reports government grants we could not trace to a source is left off the chart rather than shown as receiving none. An association, not a claim that a grant caused the public funding. Coverage is precision-first, a floor rather than a census; state records exist for 9 states, so a grantee outside them shows no state figure (dimmed) rather than a false zero. Federal award amounts are obligations, which can span years, so a single-year share is indicative. 990 filings lag 12 to 24 months.
05Through Plinth

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.

On method. Every financial figure here is read from IRS e-file XML, the funder’s own 990/990-PF, and from the multi-year returns of the 127 grantees we resolved, each linked to its source. Grantee outcomes are each organization’s own program-service reporting (Form 990, Part III), read as association with funding, never as caused by it. Low-confidence name matches are suppressed rather than guessed. How we build these →

How this is measured
Each figure carries one of six labels. Filed is what the funder reported on its return. Official is another government record about an organization, such as a federal award or a charity register, joined by name where no shared identifier exists. Resolved is an identity we worked out where the filing named a recipient without an EIN, kept only above a measured confidence threshold. Computed is arithmetic over those, like themes, portfolio clusters and co-funder strength. Context is a statistic about a place rather than about an organization, which is what the need overlay is: it describes the area a grantee’s address sits in, not where its work lands. Inferred is drawn by a model from text, like the partnerships read out of public news and organization websites. Each is labeled where it appears.

Generated from the IRS Form 990-PF e-file return for fiscal year 2023, released 2023. Filings run roughly 12 to 24 months behind; figures are dated accordingly.

Possibly out of date. A more recent filing (FY2024) is on record and reports no grant expense, so the figures above are from FY2023, the most recent year this funder made grants.

Source object · view filing

Play a game based on Magnetar Capital’s filings →

More from the funding graph

The unnamed billions
grants reported with no recipient in the public record
The regranting layer
51% of grant dollars land in the regranting layer
The DAF merry-go-round
$9.7B circulates between donor-advised funds
The endowment market
who holds foundation money, and what just moved
The camps
funders cluster by geography, not ideology
By state
where grant money is based, and what stays home