EIN 20-3290595

The Magnon Foundation

IRS 501(c) type
501(c)(3)
Num. employees
Unknown
Year formed
2005
Most recent tax filings
2022-12-01
NTEE code, primary
Description
The Magnon Foundation is a private foundation located in Wilmington, DE that primarily funds general and unrestricted charitable events, including the promotion and aid of the remembrance and interpretation of the region's vast motor sports history through acquisition and preservation. Grantees include Fidelity Investments Charitable Gift Fund and others, with three grants made last year.
Also known as...
Riverside International Automotive Museum
Total revenues
$37,215
2022
Total expenses
$284,012
2022
Total assets
$4,894,978
2022
Num. employees
n/a

Program areas at The Magnon Foundation

Promote and aid The remembrance and interpretation of The region's
Vast motor sports history through The acquisition, preservation,
Perpetuation, and exhibition for public viewing of rare and historically important vehicles and memorabilla from The inland empire's rich automotive racing history; to foster and support The enrichment and advancement of museums as educational centers, as cultural, aesthetic, and historical significance, and to generally further public understanding and appreciation of The professional and amateur motor sports competition which took place in The inland empire during automotive racing's golden era of The 1950's to The 1970's and its influence on our culture and lives.

Grants made by The Magnon Foundation

GranteeGrant descriptionAmount
Fidelity Investments Charitable Gift FundMagnon Foundation$182,000
National Philanthropic TrustOptimus Fund for Ukraine$10,000
Big Brothersbig Big Sisters of Orange County2022 Partial Season Tickets for Los Angeles Angels (See General Explanation)$7,498
...and 1 more grant made

Personnel at The Magnon Foundation

NameTitleCompensation
Deanna MagnonTreasurer$0

Financials for The Magnon Foundation

RevenuesFYE 12/2022
Total grants, contributions, etc.$0
Investment income and dividends$94,011
Net rental income$0
Net gain from sale of non-inventory assets$-56,796
Gross sales of inventory$0
Miscellaneous revenues$0
Total revenues$37,215

Form 990s for The Magnon Foundation

Fiscal year endingDate received by IRSFormPDF link
2021-122022-11-15990PFView PDF
2020-122021-11-14990PFView PDF
2019-122021-03-01990PFView PDF
2018-122020-02-19990PFView PDF
2017-122019-02-14990PFView PDF
...and 6 more Form 990s

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Bar Harbor Village Improvement AssociationBar Harbor, ME$99,122
Dr Neal and Mary Ann Naranjo Charitable FoundationLufkin, TX$12,206
Young-Sanders Center FoundationFranklin, LA$173,557
The Crary Art GalleryWarren, PA$78,523
Provenance Institute for the Arts Culture and EnvironmentShreveport, LA$81,518
Data update history
June 14, 2023
Posted financials
Added Form 990PF for fiscal year 2020
August 17, 2021
Posted financials
Added Form 990PF for fiscal year 2019
September 7, 2020
Updated personnel
Identified 6 new personnel
August 27, 2020
Posted financials
Added Form 990PF for fiscal year 2018
August 27, 2020
Used new vendors
Identified 1 new vendor, including
Nonprofit Types
Grantmaking organizationsPrivate foundationsPrivate operating foundationsCharities
Issues
Arts, cultural, and humanities
Characteristics
MembershipsProvides grantsPartially liquidatedTax deductible donationsNo full-time employees
General information
Address
Foundation Source 501 Silverside Rd
Wilmington, DE 19809
Metro area
Philadelphia-Camden-Wilmington, PA-NJ-DE-MD
County
New Castle County, DE
Website URL
riversideintlautomuseum.org/ 
Phone
(800) 839-1754
IRS details
EIN
20-3290595
Fiscal year end
December
Taxreturn type
Form 990-PF
Year formed
2005
Eligible to receive tax-deductible contributions (Pub 78)
Yes
Categorization
NTEE code, primary
T20: Private Foundations
NAICS code, primary
813211: Grantmaking Foundations
Parent/child status
Independent
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