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Magnus Charitable Trust

Profile

Last Updated: 2016-02-04

At A Glance

Magnus Charitable Trust

600 W. Rand Rd., Ste. A-104

Arlington Heights, IL United States 60004-2355

Telephone: (847) 255-1100

URL: www.magnuscharitable.org

Type of Grantmaker

Independent foundation

Financial Data

(yr. ended 2013-12-31)

Assets: $8,388,850

Total giving: $451,326

EIN

364049284

BRIDGE Number

1724598883

Additional Contact Information

Toll free tel.: (888) 259-5044

Background

Established in 1995 in IL

Purpose and Activities

The mission of the Trust is to make a positive impact on the world by helping to educate those that are greatly in need. Since its inception, the trust has partnered with many organizations to help eliminate hunger and obstacles to obtaining education. Giving primarily for education scholarships to needy individuals; some funding for higher education, health and human services.

Program Area(s)

The grantmaker has identified the following area(s) of interest:

Grants to Individuals Program

Scholarships for low-income individuals who are residents of Cook, DuPage, Lane and Will counties, IL for attendance at an accredited college or university.

Fields of Interest

Subjects
  • Arts and culture
  • Child welfare
  • Diseases and conditions
  • Diversity and intergroup relations
  • Education
  • Family services
  • Health
  • Health care administration and financing
  • Higher education
  • History museums
  • Human rights
  • Human services
  • International relations
  • Museums
  • Patient social services
Population Groups
  • Children and youth
  • Economically disadvantaged people
  • Low-income and poor people
Organizations
  • Associations

Financial Data

Year ended 2013-12-31

Assets: $8,388,850 (market value)

Expenditures: $1,393,772

Total giving: $451,326

Qualifying distributions: $466,326

Giving activities include:

$451,326 for 14 grants (high: $102,961; low: $5,600)