California · Nonprofit
MAGIC JOHNSON FOUNDATION
MAGIC JOHNSON FOUNDATION (California) receives grants from 6 organizations whose IRS filings report $115,250 to it, the largest being FIDELITY INVESTMENTS CHARITABLE GIFT FUND ($50,000). 0 of them have funded it in more than one year, and 83% of the money arrives through donor-advised or pass-through sponsors rather than from an institution directly.
- Revenue FY2024
- $257k
- Funders on record
- 6
- Grants received
- $115k
- Net assets
- $681k
What Magic Johnson Foundation does
Mission
The specific purpose of this corporation is to initiate and support programs that help to serve underserved communities and enhance the lives of underprivileged and needy individuals, and to initiate and support charitable programs that further the health and education of the public.
As stated on its FY2024 Form 990.
Programs
Holiday hope: provided holiday joy to families in need. Much needed resources (food, clothes, toy, books)
$228,882 spentof which $135,000 as grants80% of program spendingThe earvin johnson, sr. Scholarship fund: the program is designed to provide support for deserving african american incoming freshman at michigan state university who exemplify a strong commitment for academic achievement but face socio-economic conditions that hinder them from reaching their full potential.
$55,000 spentof which $55,000 as grants19% of program spendingMagic of christmas initiative: the program is designed to provide support, hope, and a sense of community to those in need. Our goal is to spread joy and alleviate some of these burdens for families during the holidays.
$1,150 spent0% of program spending
The 3 programs described on its FY2023 Form 990, listed largest first by expense. Program spending in total: $285,032.
The organization over time
Each line starts at 100 in 2022, so what you read is the shape rather than the size: 150 means half as much again as 2022, 50 means half. The number beside each label in the key is where it ended. The shaded band is where the middle 50% of its peers' revenue would sit, given their growth.
Balance sheet
Total assets and total liabilities at each year end, in dollars. The largest one-year move in total assets was 2022 to 2023, from $30k to $949k (+3075%).
How it's funded, over time
Each bar is one year's revenue split into where it came from, and every bar is the same height — these are shares, not amounts, so a year that raised twice as much looks the same size. Hover a bar for the split.
92% of MAGIC JOHNSON FOUNDATION’s revenue is contributions — more donation-reliant than the typical peer (62% for the typical peer).
Surplus & reserves
Operating surplus or deficit each year, and months of liquidity in hand. 1 of the last 3 reported years ran a deficit.
reserve
Leadership and staff
The officers, directors, trustees and key employees listed on each return. Joined and no longer listed compare each filing with the year before, matching people by surname and first initial; a year after a gap, or a roster under three people, has no comparison.
Board chair
Earvin Johnson Jr
Board chair, president, di
As listed on its FY2024 Form 990.
Who funds it, year by year
Grant support over time, funder by funder — shade shows the grant size each year.
4 of 6 of your funders are donor-advised or pass-through sponsors (tagged DAF) — 83% of grant dollars received. That money is really individual donors directing a sponsor; the institutions to cultivate are the non-DAF funders.
From the IRS filings of MAGIC JOHNSON FOUNDATION’s funders (the co-funder graph). Top 5 of 6 funders by total. Association, not causation. Trends are read to FY2023, the last fiscal year that has finished arriving. FY2024–FY2026 are still being filed and are shown unshaded; they do not move any figure on this page.
How concentrated its funding is
MAGIC JOHNSON FOUNDATION leans on a few funders — its largest provides 43% of grant income and the top three 83%; half comes from just 2 funders.
the vertical line marks half of all grant income — 2 funders to its left
100% of the income these shares are computed over arrives through pass-through sponsors or from payers whose filings do not say what kind of payment it is. Concentration is still measured over all of it, because the money is real; what it does not support is a claim about how many institutions have chosen to fund MAGIC JOHNSON FOUNDATION.
“Effective funders” = inverse Herfindahl index (1 / Σ shareᵢ²) — the number of equal-sized funders that would give the same concentration. Trends are read to FY2023, the last fiscal year that has finished arriving. FY2024–FY2026 are still being filed and are shown unshaded; they do not move any figure on this page.
Where its funders are
83% of MAGIC JOHNSON FOUNDATION's grant income arrives through donor-advised or pass-through sponsors, whose addresses record where the money is held rather than where the donor is. Of the $20k that is directly attributable, 50% of it comes from funders outside California, across 2 states.
Funder states come from each funder’s own filing. $95k arriving through sponsors registered in 3 states is excluded from the map and the split above: a sponsor holds money on a donor’s behalf, so its registered address would place those dollars somewhere no donor need ever have been. Trends are read to FY2023, the last fiscal year that has finished arriving. FY2024–FY2026 are still being filed and are shown unshaded; they do not move any figure on this page.
Against its field
MAGIC JOHNSON FOUNDATION has grown faster than three-quarters of the 11,971 community improvement nonprofits its size.
this organization peer median middle 50% of peers· 11,971 community improvement nonprofits $100k–$1M, FY2024
Organizations like MAGIC JOHNSON FOUNDATION
Organizations whose mission and program text most resemble this one, by semantic similarity over every organization in the US filings — the closest peers, and often the clearest route to shared or prospective funders.
In California
Nationally
Read directly from this organization’s own Form 990, as neutral context.
Where the money goes
89% of spending goes to programs.
Governance
Footprint & structure
Files a return copy in 1 state
Screen this organization
A dated, signed PDF of the compliance screen for MAGIC JOHNSON FOUNDATION: IRS status (Business Master File, Publication 78, auto-revocation), the OFAC sanctions lists, the Internal Revenue Bulletin, and California registration, with the Rev. Proc. 2018-32 §8.01 reliance elements stated element by element. Generated from the current files at the moment you download it.
Screens are triage, not determinations; a source that cannot be read reports not screened, never clear. Screen this nonprofit · How the screen works · on the API as GET /api/screening/{ein}?format=pdf
Questions and answers
- Who funds MAGIC JOHNSON FOUNDATION?
- MAGIC JOHNSON FOUNDATION (California) receives grants from 6 organizations whose IRS filings report $115,250 to it, the largest being FIDELITY INVESTMENTS CHARITABLE GIFT FUND ($50,000). 0 of them have funded it in more than one year, and 83% of the money arrives through donor-advised or pass-through sponsors rather than from an institution directly.
- How many funders does MAGIC JOHNSON FOUNDATION have?
- IRS filings report 6 organizations giving $115,250 in grants to MAGIC JOHNSON FOUNDATION.
- Who is the largest funder of MAGIC JOHNSON FOUNDATION?
- FIDELITY INVESTMENTS CHARITABLE GIFT FUND is the largest funder on record, with $50,000 in grants. The full list of funders is on this page.
- How can an organization like MAGIC JOHNSON FOUNDATION find more funders?
- Start with the funders already giving here, then look at the foundations that back similar organizations in California. The funding by cause and by state pages list the largest funders for a given area and how to approach them.
These figures are read directly from IRS Form 990 / 990-PF e-file XML: this organization’s own return for FY2024 (financials across 2022–2024), and the filings of 6 funders that report grants to it. “On record” means captured in the filings we have parsed — a funder that does not e-file, or whose grant detail is not itemized, will not appear. Filings run roughly 12–24 months behind. Trends on this page end at FY2023, the last fiscal year that has finished arriving; later years are shown and marked, and move no figure. Data on this page was exported October 14, 2026. What this page cannot tell you · view filing