Minnesota · Private foundation
Magnifi Financial Foundation
Its FY2024 filing reports that it accepted unsolicited grant applications.
- $30k
- Granted FY2024(still arriving)
- 5
- Grants FY2024
- 3
- Organizations funded FY2023
- 100%
- First-time grantees FY2023
- Median grant, FY2024
- $5,000
- Largest grant, FY2024
- $10,000
- Organizations funded a year
- 3 to 11
- FY2017 to FY2023
- States reached, FY2024
- 2
- Total assets, FY2024
- $797k
- Applications
- Takes unsolicited applications
- Per its most recent filing; check its own site
How open it is to new grantees
In FY2023, 100% of the organizations Magnifi Financial Foundation funded were first-time grantees, receiving 100% of its grant dollars.
New vs renewed · share of each year
In FY2023, 0% of grant dollars renewed an existing relationship; $27k 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 |
|---|---|---|---|
| FY2024still arriving | 5 | $30k | 100% |
| FY2023 | 3 | $27k | 100% |
| FY2022 | 4 | $23k | 100% |
| FY2021 | 4 | $20k | 100% |
| FY2020 | 5 | $20k | 100% |
| FY2019 | 3 | $15k | 33% |
| FY2018 | 11 | $9k | 100% |
| FY2017 | 7 | $6k | n/a |
What it funded, over time
Every grant placed by its stated purpose and the recipient’s mission, by year, FY2017 to 2024.
Top grantees
Largest recipients by total granted, FY2017 to FY2024, and the share of each one’s budget the grants supplied at peak.
| Grantee | Total granted | Years | Share of their budget |
|---|---|---|---|
| Richmond Lions Club | $10,000 | 1 | 11% |
| Fargo Park District Foundation | $10,000 | 1 | 1% |
| Mother of Mercy Foundation | $8,500 | 1 | 4% |
| Eagles Healing Nest | $7,000 | 1 | 1% |
| Waters Church | $7,000 | 1 | n/a |
| City of Melrose | $7,000 | 1 | n/a |
| Someplace Safe | $5,000 | 1 | 0% |
| Nicholas P Koenig Foundation | $5,000 | 1 | 8% |
| City of Wadena | $5,000 | 1 | n/a |
| Hands of Hope Resource Center Inc | $5,000 | 1 | 1% |
Show all 15 grantees
| Grantee | Total granted | Years | Share of their budget |
|---|---|---|---|
| Richmond Lions Club | $10,000 | 1 | 11% |
| Fargo Park District Foundation | $10,000 | 1 | 1% |
| Mother of Mercy Foundation | $8,500 | 1 | 4% |
| Eagles Healing Nest | $7,000 | 1 | 1% |
| Waters Church | $7,000 | 1 | n/a |
| City of Melrose | $7,000 | 1 | n/a |
| Someplace Safe | $5,000 | 1 | 0% |
| Nicholas P Koenig Foundation | $5,000 | 1 | 8% |
| City of Wadena | $5,000 | 1 | n/a |
| Hands of Hope Resource Center Inc | $5,000 | 1 | 1% |
| City of Albany | $2,500 | 1 | n/a |
| Kinship of the Perham Area | $2,500 | 1 | 5% |
| Empowering Kids Perham | $2,500 | 1 | 1% |
| Albany Fire Department | $1,000 | 1 | n/a |
| Anna Marie's Alliance | $500 | 1 | 0% |
Plus 25 recipients with no EIN on record ($72k), not named here.
Where it is load-bearing
Each grantee by its size and the share of its budget Magnifi Financial 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: Communitygiving · Otto Bremer Trust · West Central Initiative · Initiative Foundation · Amazonsmile Foundation
How this is measured
Warm introductions · Powered by PlinthPlus
How do I get to Magnifi Financial Foundation?
Find your warmest path to Magnifi Financial 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 Magnifi Financial Foundation
- How much does Magnifi Financial Foundation give?
- Magnifi Financial Foundation reported 5 grants totaling $30,000 in its FY2024 IRS filing. It funded between 3 and 11 organizations a year over FY2017 to FY2023.
- What does Magnifi Financial Foundation fund?
- By grant dollars over FY2017 to FY2024, its largest causes are Recreation & Sports (29%), Education (15%), Public Benefit (14%).
- Who are Magnifi Financial Foundation's largest grantees?
- By total granted over FY2017 to FY2024: Richmond Lions Club ($10k), Fargo Park District Foundation ($10k), Mother of Mercy Foundation ($9k).
- Does Magnifi Financial Foundation fund new organizations?
- In FY2023, 100% of the organizations it funded were first-time grantees.
- Does Magnifi Financial Foundation accept unsolicited applications?
- Its most recent filing reports that it accepts unsolicited grant applications.
- Which funders back the same organizations as Magnifi Financial Foundation?
- Its strongest co-funders, measured against what their size predicts, include Communitygiving, Otto Bremer Trust, West Central Initiative.
- Where is Magnifi Financial Foundation based?
- Magnifi Financial Foundation is based in MN.
Play a game based on Magnifi Financial’s filings →