New Jersey · Private foundation
The Peter Magnone Foundation
Its FY2025 filing reports that it accepted unsolicited grant applications.
- $65k
- Granted FY2025(still arriving)
- 2
- Grants FY2025
- 6
- Organizations funded FY2024
- 67%
- First-time grantees FY2024
- Median grant, FY2025
- $55,000
- Largest grant, FY2025
- $55,000
- Organizations funded a year
- 1 to 6
- FY2019 to FY2024
- States reached, FY2025
- 2
- Total assets, FY2025
- $1.4M
- Applications
- Takes unsolicited applications
- Per its most recent filing; check its own site
How open it is to new grantees
In FY2024, 67% of the organizations The Peter Magnone Foundation funded were first-time grantees, receiving 97% of its grant dollars.
New vs renewed · share of each year
In FY2024, 3% of grant dollars renewed an existing relationship; $240k went to new ones.
RenewedFirst-time
Where new relationships form · theme of each grantee’s first grant
Arts & CultureOther
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.
The numbers by year
| Fiscal year | Organizations funded | To those organizations | First-time grantees |
|---|---|---|---|
| FY2025still arriving | 2 | $65k | 0% |
| FY2024 | 6 | $248k | 67% |
| FY2023 | 1 | $3k | 100% |
| FY2022 | 1 | $3k | 0% |
| FY2021 | 2 | $7k | 100% |
| FY2020 | 2 | $33k | 100% |
| FY2019 | 3 | $29k | n/a |
100% classified
What it funded, over time
Every grant placed by its stated purpose and the recipient’s mission, by year, FY2019 to 2025.
Arts & Culture$175kReligion$172kPhilanthropy$25kYouth Development$16k
Top grantees
Largest recipients by total granted, FY2019 to FY2025, and the share of each one’s budget the grants supplied at peak.
| Grantee | Total granted | Years | Share of their budget |
|---|---|---|---|
| Ik-Joong Kang Foundation Inc | $100,000 | 1 | 58% |
| Tate Americas Foundation | $50,000 | 1 | 0% |
| Museum of Contemporary Art Denver | $25,000 | 1 | 0% |
| Youth Council of Fort Lee Inc | $16,100 | 3 | n/a |
| Missionaries of Charity Inc | $8,000 | 2 | n/a |
| Korean Catholic Broadcasting Stationinc | $1,000 | 1 | 1% |
Plus 6 recipients with no EIN on record ($188k), not named here.
About The Peter Magnone Foundation
- How much does The Peter Magnone Foundation give?
- The Peter Magnone Foundation reported 2 grants totaling $65,100 in its FY2025 IRS filing. It funded between 1 and 6 organizations a year over FY2019 to FY2024.
- What does The Peter Magnone Foundation fund?
- By grant dollars over FY2019 to FY2025, its largest causes are Arts & Culture (45%), Religion (44%), Philanthropy (6%).
- Who are The Peter Magnone Foundation's largest grantees?
- By total granted over FY2019 to FY2025: Ik-Joong Kang Foundation Inc ($100k), Tate Americas Foundation ($50k), Museum of Contemporary Art Denver ($25k).
- Does The Peter Magnone Foundation fund new organizations?
- In FY2024, 67% of the organizations it funded were first-time grantees.
- Does The Peter Magnone Foundation accept unsolicited applications?
- Its most recent filing reports that it accepts unsolicited grant applications.
- Where is The Peter Magnone Foundation based?
- The Peter Magnone Foundation is based in NJ.
Play a game based on Peter Magnone’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