Form990-PF
Click to see attachment

Department of the Treasury
Internal Revenue Service

Return of Private Foundation
or Section 4947(a)(1) Trust Treated as Private Foundation
bulletDo not enter social security numbers on this form as it may be made public.
bulletGo to www.irs.gov/Form990PF for instructions and the latest information.
OMB No. 1545-0052
2020
Open to Public Inspection
For calendar year 2020, or tax year beginning 01-01-2020 , and ending 12-31-2020
Name of foundation
The Magnon Foundation
 
% Foundation Source
Number and street (or P.O. box number if mail is not delivered to street address)Foundation Source 501 Silverside Rd
  Room/suite
City or town, state or province, country, and ZIP or foreign postal code
Wilmington, DE198091377
A Employer identification number

20-3290595
B Telephone number (see instructions)

(800) 839-1754
C bullet
G Check all that apply:

D 1. Foreign organizations, check here............. bullet
2. Foreign organizations meeting the 85%
test, check here and attach computation ... bullet
E bullet
H Check type of organization:
F bullet
I Fair market value of all assets at end
of year (from Part II, col. (c),
line 16)bullet$5,836,338J Accounting method:
 
(Part I, column (d) must be on cash basis.)
Part I Analysis of Revenue and Expenses (The total of amounts in columns (b), (c), and (d) may not necessarily equal the amounts in column (a) (see instructions).) (a) Revenue and
expenses per
books 		(b) Net investment
income 		(c) Adjusted net
income 		(d) Disbursements
for charitable
purposes
(cash basis only)
Revenue 1 Contributions, gifts, grants, etc., received (attach schedule) 0
2 Check bullet.............
3 Interest on savings and temporary cash investments 227 227  
4 Dividends and interest from securities... 81,177 81,177  
5a Gross rents............      
b Net rental income or (loss)  
6a Net gain or (loss) from sale of assets not on line 10 98,980
b Gross sales price for all assets on line 6a 2,054,804
7 Capital gain net income (from Part IV, line 2)... 98,980
8 Net short-term capital gain.........  
9 Income modifications...........  
10a Gross sales less returns and allowances  
b Less: Cost of goods sold....  
c Gross profit or (loss) (attach schedule).....    
11 Other income (attach schedule).......      
12 Total. Add lines 1 through 11........ 180,384 180,384  
Operating and Administrative Expenses 13 Compensation of officers, directors, trustees, etc. 0      
14 Other employee salaries and wages......        
15 Pension plans, employee benefits.......        
16a Legal fees (attach schedule)......... Click to see attachment 500 0 0 500
b Accounting fees (attach schedule).......        
c Other professional fees (attach schedule).... Click to see attachment 22,103 22,103    
17 Interest...............        
18 Taxes (attach schedule) (see instructions)... Click to see attachment 3,175 505    
19 Depreciation (attach schedule) and depletion...      
20 Occupancy..............        
21 Travel, conferences, and meetings.......        
22 Printing and publications..........        
23 Other expenses (attach schedule)....... Click to see attachment 22,951 343   22,608
24 Total operating and administrative expenses.
Add lines 13 through 23.......... 48,729 22,951 0 23,108
25 Contributions, gifts, grants paid....... 204,828 204,828
26 Total expenses and disbursements. Add lines 24 and 25 253,557 22,951 0 227,936
27 Subtract line 26 from line 12:
a Excess of revenue over expenses and disbursements -73,173
b Net investment income (if negative, enter -0-) 157,433
c Adjusted net income (if negative, enter -0-)...  
For Paperwork Reduction Act Notice, see instructions.
Cat. No. 11289X Form 990-PF (2020)
Form 990-PF (2020)
Page 2
Part II Balance Sheets Attached schedules and amounts in the description column
should be for end-of-year amounts only. (See instructions.) 		Beginning of year End of year
(a) Book Value (b) Book Value (c) Fair Market Value
Assets 1 Cash—non-interest-bearing.............      
2 Savings and temporary cash investments......... 100,350 108,357 108,357
3 Accounts receivable bullet  
Less: allowance for doubtful accounts bullet        
4 Pledges receivable bullet  
Less: allowance for doubtful accounts bullet        
5 Grants receivable.................      
6 Receivables due from officers, directors, trustees, and other
disqualified persons (attach schedule) (see instructions).....      
7 Other notes and loans receivable (attach schedule) bullet  
Less: allowance for doubtful accounts bullet        
8 Inventories for sale or use..............      
9 Prepaid expenses and deferred charges..........      
10a Investments—U.S. and state government obligations (attach schedule) 314,963 Click to see attachment351,110 379,606
b Investments—corporate stock (attach schedule)....... 3,755,978 Click to see attachment3,651,374 4,721,893
c Investments—corporate bonds (attach schedule)....... 121,744 Click to see attachment109,021 118,892
11 Investments—land, buildings, and equipment: basis bullet  
Less: accumulated depreciation (attach schedule) bullet        
12 Investments—mortgage loans.............      
13 Investments—other (attach schedule)..........      
14 Land, buildings, and equipment: basis bullet  
Less: accumulated depreciation (attach schedule) bullet        
15 Other assets (describe bullet) Click to see attachment507,590 Click to see attachment507,590 Click to see attachment507,590
16 Total assets (to be completed by all filers—see the
instructions. Also, see page 1, item I) 4,800,625 4,727,452 5,836,338
Liabilities 17 Accounts payable and accrued expenses..........    
18 Grants payable.................    
19 Deferred revenue.................    
20 Loans from officers, directors, trustees, and other disqualified persons    
21 Mortgages and other notes payable (attach schedule)......    
22 Other liabilities (describe bullet)    
23 Total liabilities (add lines 17 through 22)......... 0 0
Net Assets or Fund Balances Foundations that follow FASB ASC 958, check here bullet
and complete lines 24, 25, 29 and 30.
24 Net assets without donor restrictions...........    
25 Net assets with donor restrictions............    
Foundations that do not follow FASB ASC 958, check here bullet
and complete lines 26 through 30.
26 Capital stock, trust principal, or current funds........    
27 Paid-in or capital surplus, or land, bldg., and equipment fund    
28 Retained earnings, accumulated income, endowment, or other funds 4,800,625 4,727,452
29 Total net assets or fund balances (see instructions)..... 4,800,625 4,727,452
30 Total liabilities and net assets/fund balances (see instructions). 4,800,625 4,727,452
Part III
Analysis of Changes in Net Assets or Fund Balances
1
Total net assets or fund balances at beginning of year—Part II, column (a), line 29 (must agree with end-of-year figure reported on prior year’s return) ...............
1
4,800,625
2
Enter amount from Part I, line 27a .....................
2
-73,173
3
Other increases not included in line 2 (itemize) bullet
3
 
4
Add lines 1, 2, and 3 ..........................
4
4,727,452
5
Decreases not included in line 2 (itemize) bullet
5
 
6
Total net assets or fund balances at end of year (line 4 minus line 5)—Part II, column (b), line 29 .
6
4,727,452
Form 990-PF (2020)
Form 990-PF (2020)
Page 3
Part IV
Capital Gains and Losses for Tax on Investment Income
(a) List and describe the kind(s) of property sold (e.g., real estate,
2-story brick warehouse; or common stock, 200 shs. MLC Co.)		 (b)
How acquired
P—Purchase
D—Donation 		(c)
Date acquired
(mo., day, yr.) 		(d)
Date sold
(mo., day, yr.)
1 a Publicly-traded Securities      
b
c
d
e
(e)
Gross sales price 		(f)
Depreciation allowed
(or allowable) 		(g)
Cost or other basis
plus expense of sale 		(h)
Gain or (loss)
(e) plus (f) minus (g)
a 2,054,804   1,955,824 98,980
b
c
d
e
Complete only for assets showing gain in column (h) and owned by the foundation on 12/31/69 (l)
Gains (Col. (h) gain minus
col. (k), but not less than -0-) or
Losses (from col.(h))
(i)
F.M.V. as of 12/31/69 		(j)
Adjusted basis
as of 12/31/69 		(k)
Excess of col. (i)
over col. (j), if any
a       98,980
b
c
d
e
2 Capital gain net income or (net capital loss) Bracket If gain, also enter in Part I, line 7
If (loss), enter -0- in Part I, line 7		 Bracket 2 98,980
3 Net short-term capital gain or (loss) as defined in sections 1222(5) and (6):
If gain, also enter in Part I, line 8, column (c) (see instructions). If (loss), enter -0-
in Part I, line 8 ................... 		Bracket 3  
Part V
Qualification Under Section 4940(e) for Reduced Tax on Net Investment Income
SECTION 4940(e) REPEALED ON DECEMBER 20, 2019 - DO NOT COMPLETE
1 Reserved
(a)
Reserved 		(b)
Reserved 		(c)
Reserved 		(d)
Reserved
2
Reserved...........................
2
3
Reserved...........................
3
4
Reserved...........................
4
5
Reserved...........................
5
6
Reserved...........................
6
7
Reserved...........................
7
8
Reserved,..........................
8
Form 990-PF (2020)
Form 990-PF (2020)
Page 4
Part VI
Excise Tax Based on Investment Income (Section 4940(a), 4940(b), 4940(e), or 4948—see instructions)
1a Exempt operating foundations described in section 4940(d)(2), check here Bullet and enter “N/A" on line 1. Bracket for line 1a
Date of ruling or determination letter:   (attach copy of letter if necessary–see instructions)
b Reserved................................ 1 2,188
c All other domestic foundations enter 1.39% of line 27b. Exempt foreign organizations enter 4% of Part I, line 12, col. (b)
2 Tax under section 511 (domestic section 4947(a)(1) trusts and taxable foundations only. Others enter -0-) 2  
3 Add lines 1 and 2........................... 3 2,188
4 Subtitle A (income) tax (domestic section 4947(a)(1) trusts and taxable foundations only. Others enter -0-) 4  
5 Tax based on investment income. Subtract line 4 from line 3. If zero or less, enter -0- ..... 5 2,188
6 Credits/Payments:
a 2020 estimated tax payments and 2019 overpayment credited to 2020 6a 1,767
b Exempt foreign organizations—tax withheld at source...... 6b 0
c Tax paid with application for extension of time to file (Form 8868)... 6c 470
d Backup withholding erroneously withheld ........... 6d  
7 Total credits and payments. Add lines 6a through 6d.............. 7 2,237
8 Enter any penalty for underpayment of estimated tax. Check here if Form 2220 is attached. Click to see attachment 8  
9 Tax due. If the total of lines 5 and 8 is more than line 7, enter amount owed.......Bullet 9  
10 Overpayment. If line 7 is more than the total of lines 5 and 8, enter the amount overpaid...Bullet 10 49
11 Enter the amount of line 10 to be: Credited to 2021 estimated taxBullet49 RefundedBullet 11  
Part VII-A
Statements Regarding Activities
1a
During the tax year, did the foundation attempt to influence any national, state, or local legislation or did
Yes
No
it participate or intervene in any political campaign? ....................
1a
 
No
b
Did it spend more than $100 during the year (either directly or indirectly) for political purposes? See the instructions
for the definition.................................
1b
 
No
If the answer is "Yes" to 1a or 1b, attach a detailed description of the activities and copies of any materials
published or distributed by the foundation in connection with the activities.
c
Did the foundation file Form 1120-POL for this year?.....................
1c
 
No
d
Enter the amount (if any) of tax on political expenditures (section 4955) imposed during the year:
(1) On the foundation. bullet$   (2) On foundation managers.bullet$  
e
Enter the reimbursement (if any) paid by the foundation during the year for political expenditure tax imposed
on foundation managers.bullet$  
2
Has the foundation engaged in any activities that have not previously been reported to the IRS?.......
2
 
No
If "Yes," attach a detailed description of the activities.
3
Has the foundation made any changes, not previously reported to the IRS, in its governing instrument, articles
of incorporation, or bylaws, or other similar instruments? If "Yes," attach a conformed copy of the changes....
3
 
No
4a
Did the foundation have unrelated business gross income of $1,000 or more during the year?........
4a
 
No
b
If "Yes," has it filed a tax return on Form 990-T for this year?...................
4b
 
 
5
Was there a liquidation, termination, dissolution, or substantial contraction during the year?.........
5
 
No
If "Yes," attach the statement required by General Instruction T.
6
Are the requirements of section 508(e) (relating to sections 4941 through 4945) satisfied either:
  • By language in the governing instrument, or
  • By state legislation that effectively amends the governing instrument so that no mandatory directions
    • that conflict with the state law remain in the governing instrument?................
    6
    Yes
     
    7
    Did the foundation have at least $5,000 in assets at any time during the year? If "Yes," complete Part II, col. (c),
    and Part XV..................................
    7
    Yes
     
    8a
    Enter the states to which the foundation reports or with which it is registered (see instructions)
    bulletCA
    b
    If the answer is "Yes" to line 7, has the foundation furnished a copy of Form 990-PF to the Attorney
    General (or designate) of each state as required by General Instruction G? If "No," attach explanation .
    8b
    Yes
     
    9
    Is the foundation claiming status as a private operating foundation within the meaning of section 4942(j)(3)
    or 4942(j)(5) for calendar year 2020 or the taxable year beginning in 2020? See the instructions for Part XIV.
    If "Yes," complete Part XIV .............................
    9
     
    No
    10
    Did any persons become substantial contributors during the tax year? If "Yes," attach a schedule listing their names
    and addresses. ...............................
    10
     
    No
    Form 990-PF (2020)
    Form 990-PF (2020)
    Page 5
    Part VII-A
    Statements Regarding Activities (continued)
    11
    At any time during the year, did the foundation, directly or indirectly, own a controlled entity within the
    meaning of section 512(b)(13)? If "Yes," attach schedule. See instructions .............
    11
     
    No
    12
    Did the foundation make a distribution to a donor advised fund over which the foundation or a disqualified person had
    advisory privileges? If "Yes," attach statement. See instructionsClick to see attachment.................
    12
    Yes
     
    13
    Did the foundation comply with the public inspection requirements for its annual returns and exemption application?
    13
    Yes
     
    Website addressbullet  
    14
    The books are in care ofbulletFoundation Source Telephone no.bullet (800) 839-1754

    Located atbullet501 Silverside Road Suite 123WilmingtonDE ZIP+4bullet198091377
    15
    Section 4947(a)(1) nonexempt charitable trusts filing Form 990-PF in lieu of Form 1041 —check here .........bullet
    and enter the amount of tax-exempt interest received or accrued during the year ........bullet
    15
     
    16 At any time during calendar year 2020, did the foundation have an interest in or a signature or other authority over YesNo
    a bank, securities, or other financial account in a foreign country? .................
    16   No
    See the instructions for exceptions and filing requirements for FinCEN Form 114. If "Yes", enter the name of the foreign
    country bullet
    Part VII-B
    Statements Regarding Activities for Which Form 4720 May Be Required
    File Form 4720 if any item is checked in the "Yes" column, unless an exception applies.
    Yes
    No
    1a
    During the year did the foundation (either directly or indirectly):
    (1) Engage in the sale or exchange, or leasing of property with a disqualified person?
    (2) Borrow money from, lend money to, or otherwise extend credit to (or accept it from)
    a disqualified person?......................
    (3) Furnish goods, services, or facilities to (or accept them from) a disqualified person?
    (4) Pay compensation to, or pay or reimburse the expenses of, a disqualified person?
    (5) Transfer any income or assets to a disqualified person (or make any of either available
    for the benefit or use of a disqualified person)?...............
    (6) Agree to pay money or property to a government official? (Exception. Check "No"
    if the foundation agreed to make a grant to or to employ the official for a period
    after termination of government service, if terminating within 90 days.).......
    b
    If any answer is "Yes" to 1a(1)–(6), did any of the acts fail to qualify under the exceptions described in Regulations
    section 53.4941(d)-3 or in a current notice regarding disaster assistance? See instructions ........
    1b
     
    No
    ........bullet
    c
    Did the foundation engage in a prior year in any of the acts described in 1a, other than excepted acts,
    that were not corrected before the first day of the tax year beginning in 2020?.............
    1c
     
    No
    2
    Taxes on failure to distribute income (section 4942) (does not apply for years the foundation was a private
    operating foundation defined in section 4942(j)(3) or 4942(j)(5)):
    a
    At the end of tax year 2020, did the foundation have any undistributed income (lines 6d
    and 6e, Part XIII) for tax year(s) beginning before 2020?.............
    If "Yes," list the years bullet20, 20, 20, 20
    b
    Are there any years listed in 2a for which the foundation is not applying the provisions of section 4942(a)(2)
    (relating to incorrect valuation of assets) to the year’s undistributed income? (If applying section 4942(a)(2)
    to all years listed, answer "No" and attach statement—see instructions.) ..............
    2b
     
     
    c
    If the provisions of section 4942(a)(2) are being applied to any of the years listed in 2a, list the years here.
    bullet20, 20, 20, 20
    3a
    Did the foundation hold more than a 2% direct or indirect interest in any business enterprise at
    any time during the year?......................
    b
    If "Yes," did it have excess business holdings in 2020 as a result of (1) any purchase by the foundation
    or disqualified persons after May 26, 1969; (2) the lapse of the 5-year period (or longer period approved
    by the Commissioner under section 4943(c)(7)) to dispose of holdings acquired by gift or bequest; or (3)
    the lapse of the 10-, 15-, or 20-year first phase holding period? (Use Schedule C, Form 4720, to determine
    if the foundation had excess business holdings in 2020.)..................
    3b
     
     
    4a
    Did the foundation invest during the year any amount in a manner that would jeopardize its charitable purposes?
    4a
     
    No
    b
    Did the foundation make any investment in a prior year (but after December 31, 1969) that could jeopardize its
    charitable purpose that had not been removed from jeopardy before the first day of the tax year beginning in 2020?
    4b
     
    No
    Form 990-PF (2020)
    Form 990-PF (2020)
    Page 6
    Part VII-B
    Statements Regarding Activities for Which Form 4720 May Be Required (continued)
    5a
    During the year did the foundation pay or incur any amount to:
    Yes
    No
    (1) Carry on propaganda, or otherwise attempt to influence legislation (section 4945(e))?
    (2) Influence the outcome of any specific public election (see section 4955); or to carry
    on, directly or indirectly, any voter registration drive?.............
    (3) Provide a grant to an individual for travel, study, or other similar purposes?
    (4) Provide a grant to an organization other than a charitable, etc., organization described
    in section 4945(d)(4)(A)? See instructions................
    (5) Provide for any purpose other than religious, charitable, scientific, literary, or
    educational purposes, or for the prevention of cruelty to children or animals?.....
    b
    If any answer is "Yes" to 5a(1)–(5), did any of the transactions fail to qualify under the exceptions described in
    Regulations section 53.4945 or in a current notice regarding disaster assistance? See instructions ......
    5b
     
     
    .........bullet
    c
    If the answer is "Yes" to question 5a(4), does the foundation claim exemption from the
    tax because it maintained expenditure responsibility for the grant?..........
    If "Yes," attach the statement required by Regulations section 53.4945–5(d).
    6a
    Did the foundation, during the year, receive any funds, directly or indirectly, to pay premiums on
    a personal benefit contract?.....................
    b
    Did the foundation, during the year, pay premiums, directly or indirectly, on a personal benefit contract? ....
    6b
     
    No
    If "Yes" to 6b, file Form 8870.
    7a
    At any time during the tax year, was the foundation a party to a prohibited tax shelter transaction?
    b
    If "Yes", did the foundation receive any proceeds or have any net income attributable to the transaction? ....
    7b
     
     
    8
    Is the foundation subject to the section 4960 tax on payment(s) of more than $1,000,000 in remuneration or
    excess parachute payment during the year? .................
    Part VIII
    Information About Officers, Directors, Trustees, Foundation Managers, Highly Paid Employees,
    and Contractors
    1 List all officers, directors, trustees, foundation managers and their compensation. See instructions
    (a) Name and address (b) Title, and average
    hours per week
    devoted to position     		(c) Compensation
     (If not paid, enter
    -0-)     		(d) Contributions to employee benefit plans and deferred compensation (e) Expense account,
    other allowances
    Deanna Magnon Dir, Treas
    1.0     		0 0 0
    Foundation Source 501 Silverside Rd
    Wilmington,DE198091377
    David C Stapley Dir, Pres
    2.0     		0 0 0
    Foundation Source 501 Silverside Rd
    Wilmington,DE198091377
    Dennis Wagner Dir, Sec
    1.0     		0 0 0
    Foundation Source 501 Silverside Rd
    Wilmington,DE198091377
    Philip Yanni Dir, VP
    1.0     		0 0 0
    Foundation Source 501 Silverside Rd
    Wilmington,DE198091377
    Jillian Yocum Dir, VP
    1.0     		0 0 0
    Foundation Source 501 Silverside Rd
    Wilmington,DE198091377
    Scott K Yocum Dir, VP
    1.0     		0 0 0
    Foundation Source 501 Silverside Rd
    Wilmington,DE198091377
    2 Compensation of five highest-paid employees (other than those included on line 1—see instructions). If none, enter “NONE."
    (a) Name and address of each employee paid more than $50,000 (b) Title, and average
    hours per week
    devoted to position     		(c) Compensation (d) Contributions to
    employee benefit
    plans and deferred
    compensation     		(e) Expense account,
    other allowances
     
    Total number of other employees paid over $50,000...................bullet  
    Form 990-PF (2020)
    Form 990-PF (2020)
    Page 7
    Part VIII
    Information About Officers, Directors, Trustees, Foundation Managers, Highly Paid Employees,
    and Contractors (continued)
    3 Five highest-paid independent contractors for professional services (see instructions). If none, enter "NONE".
    (a) Name and address of each person paid more than $50,000 (b) Type of service (c) Compensation
     
    Total number of others receiving over $50,000 for professional services.............bullet  
    Part IX-A
    Summary of Direct Charitable Activities
    List the foundation’s four largest direct charitable activities during the tax year. Include relevant statistical information such as the number of organizations and other beneficiaries served, conferences convened, research papers produced, etc. Expenses
    1  
    2  
    3  
    4  
    Part IX-B
    Summary of Program-Related Investments (see instructions)
    Describe the two largest program-related investments made by the foundation during the tax year on lines 1 and 2. Amount
    1  
    2  
    All other program-related investments. See instructions.
    3  
    Total. Add lines 1 through 3.........................bullet  
    Form 990-PF (2020)
    Form 990-PF (2020)
    Page 8
    Part X
    Minimum Investment Return (All domestic foundations must complete this part. Foreign foundations, see instructions.)
    1
    Fair market value of assets not used (or held for use) directly in carrying out charitable, etc.,
    purposes:
    a
    Average monthly fair market value of securities...................
    1a
    4,723,685
    b
    Average of monthly cash balances.......................
    1b
    129,616
    c
    Fair market value of all other assets (see instructions)................
    1c
    0
    d
    Total (add lines 1a, b, and c).........................
    1d
    4,853,301
    e
    Reduction claimed for blockage or other factors reported on lines 1a and
    1c (attach detailed explanation) .............
    1e
     
    2
    Acquisition indebtedness applicable to line 1 assets..................
    2
    0
    3
    Subtract line 2 from line 1d.........................
    3
    4,853,301
    4
    Cash deemed held for charitable activities. Enter 1 1/2% of line 3 (for greater amount, see
    instructions) .............................
    4
    72,800
    5
    Net value of noncharitable-use assets. Subtract line 4 from line 3. Enter here and on Part V, line 4
    5
    4,780,501
    6
    Minimum investment return. Enter 5% of line 5..................
    6
    239,025
    Part XI
    Distributable Amount (see instructions) (Section 4942(j)(3) and (j)(5) private operating foundations and certain foreign organizations check here right arrow and do not complete this part.)
    1
    Minimum investment return from Part X, line 6....................
    1
    239,025
    2a
    Tax on investment income for 2020 from Part VI, line 5......
    2a
    2,188
    b
    Income tax for 2020. (This does not include the tax from Part VI.)...
    2b
     
    c
    Add lines 2a and 2b............................
    2c
    2,188
    3
    Distributable amount before adjustments. Subtract line 2c from line 1............
    3
    236,837
    4
    Recoveries of amounts treated as qualifying distributions................
    4
     
    5
    Add lines 3 and 4............................
    5
    236,837
    6
    Deduction from distributable amount (see instructions).................
    6
     
    7
    Distributable amount as adjusted. Subtract line 6 from line 5. Enter here and on Part XIII, line 1 ...
    7
    236,837
    Part XII
    Qualifying Distributions (see instructions)
    1
    Amounts paid (including administrative expenses) to accomplish charitable, etc., purposes:
    a
    Expenses, contributions, gifts, etc.—total from Part I, column (d), line 26 ..........
    1a
    227,936
    b
    Program-related investments—total from Part IX-B..................
    1b
    0
    2
    Amounts paid to acquire assets used (or held for use) directly in carrying out charitable, etc.,
    purposes...............................
    2
    0
    3
    Amounts set aside for specific charitable projects that satisfy the:
    a
    Suitability test (prior IRS approval required)....................
    3a
    0
    b
    Cash distribution test (attach the required schedule) .................
    3b
    0
    4
    Qualifying distributions. Add lines 1a through 3b. Enter here and on Part V, line 8, and Part XIII, line 4
    4
    227,936
    5
    Foundations that qualify under section 4940(e) for the reduced rate of tax on net investment
    income. Enter 1% of Part I, line 27b. See instructions.................
    5
    0
    6
    Adjusted qualifying distributions. Subtract line 5 from line 4..............
    6
    227,936
    Note: The amount on line 6 will be used in Part V, column (b), in subsequent years when calculating whether the foundation qualifies for
    the section 4940(e) reduction of tax in those years.
    Form 990-PF (2020)
    Form 990-PF (2020)
    Page 9
    Part XIII
    Undistributed Income (see instructions)
    (a)
    Corpus     		(b)
    Years prior to 2019     		(c)
    2019     		(d)
    2020
    1 Distributable amount for 2020 from Part XI, line 7 236,837
    2 Undistributed income, if any, as of the end of 2020:
    a Enter amount for 2019 only....... 223,332
    b Total for prior years:2018, 2017, 2016 2,108
    3 Excess distributions carryover, if any, to 2020:
    a From 2015......  
    b From 2016......  
    c From 2017......  
    d From 2018......  
    e From 2019......  
    fTotal of lines 3a through e........  
    4Qualifying distributions for 2020 from Part
    XII, line 4: bullet$ 227,936
    a Applied to 2019, but not more than line 2a 223,332
    b Applied to undistributed income of prior years
    (Election required—see instructions).....     		2,108
    c Treated as distributions out of corpus (Election
    required—see instructions)........     		 
    d Applied to 2020 distributable amount..... 2,496
    e Remaining amount distributed out of corpus 0
    5 Excess distributions carryover applied to 2020.    
    (If an amount appears in column (d), the
    same amount must be shown in column (a).)
    6Enter the net total of each column as
    indicated below:
    a Corpus. Add lines 3f, 4c, and 4e. Subtract line 5 0
    b Prior years’ undistributed income. Subtract
    line 4b from line 2b ..........     		 
    c Enter the amount of prior years’ undistributed
    income for which a notice of deficiency has
    been issued, or on which the section 4942(a)
    tax has been previously assessed......     		 
    d Subtract line 6c from line 6b. Taxable amount
    —see instructions ...........     		 
    e Undistributed income for 2019. Subtract line
    4a from line 2a. Taxable amount—see
    instructions .............     		 
    f Undistributed income for 2020. Subtract
    lines 4d and 5 from line 1. This amount must
    be distributed in 2021 ..........     		234,341
    7 Amounts treated as distributions out of
    corpus to satisfy requirements imposed by
    section 170(b)(1)(F) or 4942(g)(3) (Election may
    be required - see instructions) .......     		 
    8 Excess distributions carryover from 2015 not
    applied on line 5 or line 7 (see instructions) ...     		 
    9Excess distributions carryover to 2021.
    Subtract lines 7 and 8 from line 6a ......     		0
    10 Analysis of line 9:
    a Excess from 2016....  
    b Excess from 2017....  
    c Excess from 2018....  
    d Excess from 2019....  
    e Excess from 2020.... 0
    Form 990-PF (2020)
    Form 990-PF (2020)
    Page 10
    Part XIV
    Private Operating Foundations (see instructions and Part VII-A, question 9)
    1a If the foundation has received a ruling or determination letter that it is a private operating
    foundation, and the ruling is effective for 2020, enter the date of the ruling....... bullet
     
    b Check box to indicate whether the organization is a private operating foundation described in section or
    2a Enter the lesser of the adjusted net
    income from Part I or the minimum
    investment return from Part X for each
    year listed ..........     		Tax year Prior 3 years (e) Total
    (a) 2020 (b) 2019 (c) 2018 (d) 2017
             
    b 85% of line 2a .........          
    c Qualifying distributions from Part XII,
    line 4 for each year listed .....     		         
    d Amounts included in line 2c not used directly
    for active conduct of exempt activities ..........     		         
    e Qualifying distributions made directly
    for active conduct of exempt activities.
    Subtract line 2d from line 2c ....     		         
    3 Complete 3a, b, or c for the
    alternative test relied upon:
    a “Assets" alternative test—enter:
    (1) Value of all assets ......          
    (2) Value of assets qualifying
    under section 4942(j)(3)(B)(i)    		          
    b “Endowment" alternative test— enter 2/3
    of minimum investment return shown in
    Part X, line 6 for each year listed...     		         
    c “Support" alternative test—enter:
    (1) Total support other than gross
    investment income (interest,
    dividends, rents, payments
    on securities loans (section
    512(a)(5)), or royalties) ....     		         
    (2) Support from general public
    and 5 or more exempt
    organizations as provided in
    section 4942(j)(3)(B)(iii)....     		         
    (3) Largest amount of support
    from an exempt organization    		          
    (4) Gross investment income          
    Part XV
    Supplementary Information (Complete this part only if the foundation had $5,000 or more in
    assets at any time during the year—see instructions.)
    1Information Regarding Foundation Managers:
    aList any managers of the foundation who have contributed more than 2% of the total contributions received by the foundation
    before the close of any tax year (but only if they have contributed more than $5,000). (See section 507(d)(2).)
    NONE
    bList any managers of the foundation who own 10% or more of the stock of a corporation (or an equally large portion of the
    ownership of a partnership or other entity) of which the foundation has a 10% or greater interest.
    2Information Regarding Contribution, Grant, Gift, Loan, Scholarship, etc., Programs:
    Check here bullet
    aThe name, address, and telephone number or email address of the person to whom applications should be addressed:
    bThe form in which applications should be submitted and information and materials they should include:
    cAny submission deadlines:
    dAny restrictions or limitations on awards, such as by geographical areas, charitable fields, kinds of institutions, or other
    factors:
    Form 990-PF (2020)
    Form 990-PF (2020)
    Page 11
    Part XV
    Supplementary Information (continued)
    3 Grants and Contributions Paid During the Year or Approved for Future Payment
    Recipient If recipient is an individual,
    show any relationship to
    any foundation manager
    or substantial contributor
    		 Foundation
    status of
    recipient     		Purpose of grant or
    contribution     		Amount
    Name and address (home or business)
    aPaid during the year
    FIDELITY INVESTMENTS CHARITABLE GIFT FUND
    200 SEAPORT BLVD MZ NM43A
    BOSTON,MA02210     		N/A PC Magnon Foundation 204,828
    Total .................................bullet 3a 204,828
    bApproved for future payment
    Total .................................bullet 3b  
    Form 990-PF (2020)
    Form 990-PF (2020)
    Page 12
    Part XVI-A
    Analysis of Income-Producing Activities
    Enter gross amounts unless otherwise indicated. Unrelated business income Excluded by section 512, 513, or 514 (e)
    Related or exempt
    function income
    (See instructions.)
    1Program service revenue: (a)
    Business code     		(b)
    Amount     		(c)
    Exclusion code     		(d)
    Amount
    a
    b
    c
    d
    e
    f
    gFees and contracts from government agencies          
    2 Membership dues and assessments....          
    3 Interest on savings and temporary cash
    investments ...........     		    14 227  
    4 Dividends and interest from securities....     14 81,177  
    5 Net rental income or (loss) from real estate:
    aDebt-financed property......          
    bNot debt-financed property.....          
    6 Net rental income or (loss) from personal property          
    7 Other investment income.....          
    8 Gain or (loss) from sales of assets other than
    inventory ............     		    18 98,980  
    9 Net income or (loss) from special events:          
    10 Gross profit or (loss) from sales of inventory          
    11 Other revenue: a
    b
    c
    d
    e
    12 Subtotal. Add columns (b), (d), and (e)..   180,384  
    13Total. Add line 12, columns (b), (d), and (e)..................
    13
    180,384
    (See worksheet in line 13 instructions to verify calculations.)
    Part XVI-B
    Relationship of Activities to the Accomplishment of Exempt Purposes
    Line No.
    DownArrow     		Explain below how each activity for which income is reported in column (e) of Part XVI-A contributed importantly to
    the accomplishment of the foundation’s exempt purposes (other than by providing funds for such purposes). (See
    instructions.)
    Form 990-PF (2020)
    Form 990-PF (2020)
    Page 13
    Part XVII
    Information Regarding Transfers To and Transactions and Relationships With Noncharitable Exempt Organizations
    1
    Did the organization directly or indirectly engage in any of the following with any other organization described in section 501(c) (other than section 501(c)(3) organizations) or in section 527, relating to political organizations?
    Yes
    No
    a
    Transfers from the reporting foundation to a noncharitable exempt organization of:
    (1) Cash...................................
    1a(1)
     
    No
    (2) Other assets.................................
    1a(2)
     
    No
    b
    Other transactions:
    (1) Sales of assets to a noncharitable exempt organization....................
    1b(1)
     
    No
    (2) Purchases of assets from a noncharitable exempt organization..................
    1b(2)
     
    No
    (3) Rental of facilities, equipment, or other assets.......................
    1b(3)
     
    No
    (4) Reimbursement arrangements...........................
    1b(4)
     
    No
    (5) Loans or loan guarantees.............................
    1b(5)
     
    No
    (6) Performance of services or membership or fundraising solicitations................
    1b(6)
     
    No
    c
    Sharing of facilities, equipment, mailing lists, other assets, or paid employees..............
    1c
     
    No
    d
    If the answer to any of the above is "Yes," complete the following schedule. Column (b) should always show the fair market value
    of the goods, other assets, or services given by the reporting foundation. If the foundation received less than fair market value
    in any transaction or sharing arrangement, show in column (d) the value of the goods, other assets, or services received.
    (a) Line No. (b) Amount involved (c) Name of noncharitable exempt organization (d) Description of transfers, transactions, and sharing arrangements
    2a
    Is the foundation directly or indirectly affiliated with, or related to, one or more tax-exempt organizations
    described in section 501(c) (other than section 501(c)(3)) or in section 527? ...........
    b
    If "Yes," complete the following schedule.

    (a) Name of organization (b) Type of organization (c) Description of relationship
    Sign Here
    Under penalties of perjury, I declare that I have examined this return, including accompanying schedules and statements, and to the best of my knowledge and belief, it is true, correct, and complete. Declaration of preparer (other than taxpayer) is based on all information of which preparer has any knowledge.
    Bullet Bullet
    May the IRS discuss this return
    with the preparer shown below?
    See instructions.
    Signature of officer or trustee Date Title
    Paid Preparer Use Only Print/Type preparer's name Preparer's Signature Date PTIN
    Firm's name SmallBullet
    		 Firm's EIN SmallBullet
    Firm's address SmallBullet


    		 Phone no.
    Form 990-PF (2020)
    Additional Data


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    Software Version:  


    Form 990PF - Special Condition Description:
    Special Condition Description

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    TY 2020 DepreciationSchedule
    Name:
    The Magnon Foundation
    EIN:
    20-3290595
    Description of Property Date Acquired Cost or Other Basis Prior Years' Depreciation Computation Method Rate /
    Life (# of years)    		 Current Year's Depreciation Expense Net Investment Income Adjusted Net Income Cost of Goods Sold Not Included

    TY 2020 GeneralExplanationAttachment
    Name:
    The Magnon Foundation
    EIN:
    20-3290595
    Identifier Return Reference Explanation
    Form 990-PF Form 990-PF, Part XIII, Line 4b - Election  

    TY 2020 InvestmentsCorpBondsSchedule
    Name:
    The Magnon Foundation
    EIN:
    20-3290595
    Name of Bond End of Year Book Value End of Year Fair Market Value
    AMERICAN WATER CAP CORP - 3.00 14,334 16,669
    BANK AMER CORP MTN - 2.884% - 4,206 4,392
    BENNETT VALLEY CALIFUN SCH DIS 15,000 15,668
    CITIGROUP INC NOTE - 3.668% - 3,948 4,550
    COMCAST CORP NOTE - 4.150% - 1 4,251 4,815
    CVS CAREMARK CORP NOTE - 4.300 4,623 4,760
    EL PASO NAT GAS CO - 8.625% - 11,373 10,816
    ENTERPRISE PRODUCTS OPERTATING 2,976 3,780
    ESSEX PORTFOLIO L P NOTE - 3.3 14,880 15,744
    GE CAP CORP NTS - 5.875% - 01/ 3,592 4,061
    GOLDMAN SACHS - 3.800% - 03/15 4,593 4,704
    JP MORGAN CHASE BANK - 4.203% 5,051 5,957
    MICROSOFT CORP - 4.250% - 02/0 5,346 7,069
    SHELL INT'L FINANCE - 2.875% - 4,995 5,530
    VERIZON COMMUNICATIONS INC - 4 4,707 4,715
    WELLS FARGO &CO MTN - 3.584% - 5,146 5,662

    TY 2020 InvestmentsCorpStockSchedule
    Name:
    The Magnon Foundation
    EIN:
    20-3290595
    Name of Stock End of Year Book Value End of Year Fair Market Value
    10X GENOMICS CLASS A 943 1,699
    1LIFE HEALTHCARE INC 1,569 2,313
    ABBOTT LABS 5,855 8,431
    ABBVIE INC 8,328 11,036
    ABIOMED 1,394 2,269
    ACAP STRATEGIC FUND 340,355 522,775
    ACCELERON PHARMA INC 673 896
    ACCENTURE PLC 5,714 8,098
    ACTIVISION BLIZZARD INC 1,392 2,136
    ADAPTEC, INC 490 828
    ADIDAS AG 2,182 2,379
    ADOBE SYSTEMS, INC 9,934 17,504
    ADVANCED MEDICAL OPTICS 1,126 2,174
    ADVANCED MICRO DEVICES INC 981 1,926
    AERCAP HOLDING N.V 831 1,094
    AIA GROUP LTD ADR 6,505 8,057
    AIR PRODS & CHEM INC 8,165 12,295
    AIRBUS GROUP 2,779 3,606
    ALAMOS GOLD INC 486 534
    ALIGN TECHNOLOGY, INC 1,013 2,672
    ALLEGION PLC 3,344 3,608
    ALPHABET INC CL A 10,935 15,774
    ALPHABET INC CL C 8,400 10,511
    AMADEUS IT HLDS SA 1,793 1,879
    AMAZON COM 16,997 29,312
    AMERICA MOVIL SA 3,149 3,272
    AMERICAN TOWER REIT INC 21,006 19,977
    AMERICOLD REALTY TRUST 842 896
    AMGEN INC 3,787 4,139
    AMICUS THERAPEUTICS INC 336 693
    ANALOG DEVICES INC 11,407 15,364
    ANHEUSER BUSCH COS INC 1,952 2,167
    ANSYS INC 1,524 2,910
    APPLE INC 2,082 2,123
    ARENA PHARMACEUTICALS, INC. 443 691
    ARES MANAGEMENT CORPORATION 833 988
    ARRAY BIOPHARMA INC 637 690
    ASAHI KAISAI CP ADR 2,791 3,095
    ASCENDIS PHARMA 557 667
    ASML HOLDING NV NY REG SHS 5,316 12,681
    ASPEN TECHNOLOGY, INC 2,336 3,126
    ASSA ABLOY UNSP/ADR 2,801 2,952
    ASSOCIATED BRITISH FOODS PLC 1,504 1,336
    ASTRAZENECA 4,490 4,399
    AUTODESK, INC 9,372 16,183
    AUTOMATIC DATA PROCESSING INC 8,484 9,515
    AVROBIO INC 392 251
    AZEK COMPANY INC CL A 563 692
    BALL CP 7,409 10,436
    BANDWIDTH INC 2,981 4,149
    BEIGENE LTD 1,596 2,584
    BENTLEY SYSTEMS INC CL B 2,794 3,524
    BERKLEY W R CP 3,698 3,852
    BILL COM HOLDINGS 651 819
    BIO RAD LABS INC CL A 8,673 11,659
    BIOHAVEN PHARMACEUTICAL HOLDIN 630 1,200
    BLACKROCK EVENT DRIVEN EQUITY 160,796 171,541
    BLACKROCK INC 12,301 18,039
    BLACKROCK SCIENCE AND TECHNOLO 25,000 45,475
    BLACKSTONE ALTERNATIVE INV FDS 136,012 130,806
    BLACKSTONE GSO FLOATING RATE E 115,222 107,985
    BLUEPRINT MEDICINES CORPORATIO 388 673
    BOSTON SCIENTIFIC 5,071 4,134
    BRIGHT HORIZONS FAMILY SOLUTIO 1,899 2,941
    BRITISH AMERICAN TOBACCO PLC 4,891 4,761
    BROADCOM INC 13,204 19,265
    CACI INTL INC 1,375 1,496
    CACTUS, INC. CLASS A 567 782
    CADENCE DESIGN SYSTEMS INC 10,953 12,142
    CALGON CARBON CP 1,607 2,050
    CALLAWAY GOLF CO 474 528
    CALRSBERG AS SP ADR REP B 1,595 2,345
    CDW CORP 3,576 3,954
    CHARLES RIV LABORATORIES INTL 4,166 5,247
    CHEGG INC 558 723
    CHEMED CORP 2,855 3,196
    CHEVRON CORP 9,021 6,925
    CHUBB LIMITED 4,750 4,925
    CISCO SYSTEMS INC 8,774 10,158
    CME GROUP, INC 4,152 3,641
    COGNEX CORPORATION 385 562
    COLFAX CORPORATION 312 497
    COMCAST CORP 4,828 6,183
    CONSTELLIUM NV 601 895
    COOPER COMPANIES INC 3,915 4,723
    COPART INC 2,153 4,454
    COSTAR GROUP, INC 656 924
    COSTCO WHOLESALE CORPORATION 2,931 3,768
    CREDIT SUISSE AG MLN SPX DUE 0 50,000 70,550
    CRISPR THERAPEUTICS AG 1,351 2,297
    CROWN CASTLE INTL 7,884 11,462
    CURTISS WRIGHT CP 600 814
    DANAHER CORP 12,078 16,661
    DEXCOM, INC 2,804 2,588
    DNB NOR ASA SPONSOR ADR 3,668 5,608
    DOCUSIGN INC 6,137 6,891
    DRAFTKINGS 1,107 1,443
    DSV UNSP ADR EACH REPR 0.5 ORD 2,197 3,277
    DYNATRACE 12,032 12,981
    EATON CORP PLC 3,749 4,565
    ECOLAB INC 6,947 8,654
    EDWARDS LIFESCIENCES 7,795 9,853
    ELANCO ANIMAL HEALTH INCORPORA 2,744 3,251
    ELI LILLY & CO 5,457 7,598
    EQUIFAX INC 4,781 5,785
    EQUINIX, INC 2,047 2,143
    ETSY INC 5,046 9,963
    EURONET WORLDWIDE INC 841 1,449
    EVERBRIDGE INC 1,875 1,789
    EVERSOURCE ENERGYINC 1,395 1,644
    EXPEDIA INC 758 794
    EXPONENT, INC 2,178 2,431
    FACEBOOK INC 10,525 13,385
    FAIR ISSAC & CO INC 2,108 2,555
    FIBROGEN INC 1,056 1,076
    FID ADVISOR TOTAL EMERGING MRK 79,739 97,542
    FLIR SYSTEMS INC 4,085 4,208
    FORTIVE CORPORATION 8,865 11,473
    FTI CONSULTING INC 581 559
    GATEWAY FUND CLASS Y 193,511 220,914
    GODADDY INC 1,942 2,323
    GOLDMAN SACHS GQG PARTNERS INT 172,971 218,041
    GOLDMAN SACHS GROUP 1,427 1,582
    GRACO INC 519 868
    GROCERY OUTLET HOLDING CORP 1,063 1,099
    GW PHARMACEUTICALS PLC 681 692
    HENRY JACK & ASSOC INC 2,929 2,592
    HERMES INTL 10 ADR 2,100 2,811
    HILTON WORLDWIDE HOLDINGS, INC 2,055 2,448
    HOME DEPOT INC 20,408 27,890
    HONEYWELL INTL 9,327 13,400
    HONG KONG EX&CL UNSP/ADR 2,772 3,449
    HORIZON PHARMA PLC 1,924 2,195
    HUBSPOT INC 1,296 2,775
    ICICI BK LTD ADS 2,634 2,690
    IDEX CP 2,744 3,187
    IDEXX CORP 11,960 19,995
    ILLINOIS TOOL WORKS 4,475 6,320
    INCYTE CORPORATION 1,301 1,479
    INSULET CORPORATION 2,772 4,090
    INTERACTIVE BROKERS GROUP, INC 1,884 2,254
    INTERCONTINENTAL EXCHANGE, INC 1,796 2,191
    INTERCONTINENTAL HOTELS GROUP 1,092 1,758
    INTUIT 12,562 17,853
    INTUITIVE SURGICAL 5,791 8,181
    IOVANCE BIOTHERAPEUTICS 691 1,021
    ISHARES MSCI USA MIN VOLATILIT 153,432 213,414
    ISHARES RUSSELL 2000 147,260 207,235
    JOHNSON & JOHNSON 2,200 2,518
    JP MORGAN CHASE 21,316 23,254
    JPMORGAN CHASE FINL CO LLC - 0 50,000 54,150
    KERING UNSPON ADR EA REPR 0.1 2,724 3,695
    KOMATSU LTD 2,467 2,962
    KONINKLIJKE DSM NV ADR 2,946 4,539
    KORNIT DIGITAL LTD 686 1,070
    KOSE CORPORATION UNSP ADR 1,493 1,935
    LENNOX INTL INC 3,374 3,562
    LIBERTY MEDIA CORPORATION - SE 782 1,022
    LINDE PLC COM 1,854 2,372
    LITTELFUSE, INC 406 764
    LIVE NATION INC COM 550 882
    LOCKHEED MARTIN CORP 9,976 11,359
    LONDON STK EXCHANGE GROUP 5,056 6,064
    LULULEMON ATHLETICA INC 1,172 1,740
    LUMENTUM HOLDINGS INC 1,372 1,706
    LVMH MOET HENN UNSP 4,277 5,738
    LYONDELLBASELL INDUSTRIES NV 1,268 1,375
    MARSH AND MCLENNAN COMPANIES I 6,565 8,307
    MARVEL TECH INC 7,647 14,214
    MASCO CORP 461 604
    MASTERCARD INC 7,620 8,924
    MCDONALD'S CORP 7,874 9,227
    MEDALLIA ORD SHS 3,099 3,621
    MEDTRONIC PLC 6,938 8,786
    MERCADOLIBRE, INC 1,950 5,026
    MERCK & CO INC 13,063 13,415
    MERCURY COMPUTER SYSTEMS 1,709 1,849
    MICROSOFT CORP 28,022 49,155
    MONDELEZ INTERNATIONAL INC 9,498 10,700
    MONOLITHIC POWER SYSTEMS, INC 7,146 13,917
    MOODYS CORP 3,197 3,773
    MORNINGSTAR, INC 755 1,158
    MSCI INC 4,939 6,251
    NATERA INC 449 995
    NCINO 905 869
    NESTLE S.A 4,797 5,301
    NETFLIX INC 4,364 7,029
    NEUROCRINE BIOSCIENCES, INC 1,179 1,054
    NEVRO CORP 602 866
    NEXTERA ENERGY, INC 12,524 20,445
    NIDEC CORPORATION ADR 2,212 4,121
    NIKE INC-CL B 10,916 17,259
    NLIGHT INC 488 718
    NORDSON CP 10,499 12,258
    NOVARTIS AG ADR 2,644 2,644
    NOVO NORDISK A S 2,326 2,724
    NUANCE COMMUNICATIONS, INC 1,279 2,072
    OLLIES BARGAIN OUTLET HOLDINGS 789 899
    ONESPAWORLD HOLDINGS ORD SHS 133 254
    ORSTED A S 2,693 5,605
    PALOMAR HOLDINGS 727 800
    PAYCHEX 6,492 9,970
    PAYPAL HOLDINGS, INC 3,412 6,792
    PELOTON INTERACTIVE, INC. 1,990 6,524
    PEPSICO INC 11,131 13,792
    PERNOD-RECARD SA 4,793 5,177
    PHILLIPS 66 3,814 2,868
    PLANET FITNESS INC 1,404 2,174
    PNC FINANCIAL GROUP INC 7,352 7,748
    POOL CORP 4,238 5,215
    POWER INTEGRATIONS, INC 843 1,392
    PROCTER GAMBLE CO 5,639 6,400
    PROLOGIS 6,043 6,777
    PROOFPOINT INC 2,104 2,455
    PROSUS NV ADR 4,462 5,336
    PTC THERAPEUTICS INC 433 549
    PUTNAM SHORT DURATION INCOME C 27,175 27,281
    Q2 HOLDINGS INC 1,516 2,278
    QUALCOMM INC 8,891 11,121
    RAPID7 INCORPORATED 1,304 2,524
    REALTY INCOME CORP 3,869 3,544
    REGENERON PHARMACEUTICALS INC 2,622 3,382
    REINSURANCE GROUP AMER INC 738 695
    RENAULT SA 2,185 2,715
    REPLIGEN CORP 798 958
    RESTAURANT BRANDS INTL 1,657 2,506
    REXNORD CORP 408 632
    ROLLINS INC 2,370 2,852
    ROYAL DUTCH SHEL PLC SPONS ADR 2,241 2,857
    RYANAIR HOLDINGS PLC-ADR COM 1,510 1,870
    SAFRAN SA - UNSPON ADR 2,305 3,865
    SAREPTA THERAPEUTICS INC 1,553 2,046
    SCHLUMBERGER LTD 2,281 2,772
    SCOTTS CO. CLASS A 6,000 8,165
    SEA LTD 1,167 2,389
    SEAGEN INC 1,784 2,802
    SEMPRA ENERGY COM 6,704 7,262
    SEMTECH CORPORATION 866 1,370
    SERVICE NOW 11,381 17,614
    SHERWIN-WILLIAMS CO 1,697 2,205
    SHIFT4 PAYMENTS INC CL A 776 1,282
    SHIN-ETSU CHEMICAL C 2,453 4,002
    SHOPIFY INC 2,254 3,396
    SITEONE LANDSCAPE SUPPLY INC 4,708 6,345
    SLACK TECHNOLOGIES CLASS A ORD 1,864 2,534
    SMARTSHEET INC 1,614 2,079
    SMC CORPORATION 1,894 2,480
    SOFTBANK CP UNSP ADR 1,128 2,049
    SPLUNK INC 1,989 2,209
    SQUARE INC 7,790 11,753
    STARBUCKS CORP COM 14,403 21,503
    STITCH FIX, INC. 771 1,527
    TAIWAN SEMICONDUCTOR MFG CO LT 9,371 17,446
    TELADOC INC 2,164 2,400
    TELEFLEX INC 332 412
    TEMENOS GROUP AG 1,912 1,841
    TERADYNE INC 5,331 7,193
    TESLA MOTORS INC 4,273 31,755
    TEVA PHARMACEUTICAL INDUSTRIES 1,683 1,409
    TEXAS INSTRUMENTS INC 11,204 16,905
    THE COCA-COLA CO 3,725 3,839
    THERMO FISHER SCIENTIFIC INC 14,125 22,357
    THOR INDS INC 5,268 4,185
    TOTAL FINA ELF S.A 3,187 2,976
    TRADEWEB MARKETS INC 702 749
    TRIMBLE NAV LTD 1,663 2,804
    TRIP COM GROUP ADR 1,580 1,450
    TRUIST FINANCIAL CORPORATION 11,830 11,168
    TWILIO INC 2,916 5,078
    TWIST BIOSCIENCE CORP 748 2,685
    TYLER TECHNOLOGIES, INC 4,871 6,548
    ULTRAGENYX PHARMACEUTICAL INC 2,461 3,738
    UNIQURE NV 531 361
    UNITED PARCEL SERVICE 2,044 2,021
    UNITEDHEALTH GROUP INC 11,647 17,885
    US BANCORP 5,970 5,544
    VALE SA 4,014 5,497
    VANGUARD CHARLOTTE INTL BD IDX 240,640 258,029
    VANGUARD HEALTH CARE ETF 58,693 89,492
    VANGUARD TOTAL BOND MARKET ETF 113,931 123,642
    VANGUARD TOTAL STOCK MARKET ET 295,295 452,732
    VERACYTE INC 285 587
    VERISK ANALYTICS, INC 11,942 15,984
    VERIZON COMMUNICATIONS 6,652 7,344
    VERTEX PHARMCTLS INC 2,987 3,072
    VIRGIN GALACTIC HOLDINGS 549 712
    VISA INC 17,988 24,279
    WEC ENERGY GROUP, INC 6,409 7,731
    WEST PHARMA SVCS INC 9,984 14,732
    WESTERN ASSET SMASH SERIES C F 37,151 39,073
    WESTERN ASSET SMASH SERIES EC 72,204 77,404
    WESTERN ASSET SMASH SERIES M F 51,186 53,779
    ZEBRA TECHNOLOGIES CORP 4,607 6,534
    ZENDESK INC 1,018 2,004
    ZOETIS INC 3,033 3,807
    ZOGENIX INC 567 520

    TY 2020 InvestmentsGovtObligationsSch
    Name:
    The Magnon Foundation
    EIN:
    20-3290595
    US Government Securities - End of Year Book Value:

    98,580
    US Government Securities - End of Year Fair Market Value:

    105,273
    State & Local Government Securities - End of Year Book Value:


    252,530
    State & Local Government Securities - End of Year Fair Market Value:


    274,333


    TY 2020 LegalFeesSchedule
    Name:
    The Magnon Foundation
    EIN:
    20-3290595
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    General Consultations 500     500


    TY 2020 OtherAssetsSchedule
    Name:
    The Magnon Foundation
    EIN:
    20-3290595
    Description Beginning of Year - Book Value End of Year - Book Value End of Year - Fair Market Value
    AUTO - 1951 MASERATI A6G-2000   500,000 500,000
    2020 ANGELS SEASON TICKETS - 1   7,590 7,590


    TY 2020 OtherExpensesSchedule
    Name:
    The Magnon Foundation
    EIN:
    20-3290595
    Description Revenue and Expenses per Books Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    Administrative Fees 18,582     18,582
    Bank Charges 343 343    
    Indemnification Insurance 766     766
    Insurance Premiums 2,990     2,990
    State or Local Filing Fees 60     60
    Website Hosting/Support 210     210


    TY 2020 OtherProfessionalFeesSchedule
    Name:
    The Magnon Foundation
    EIN:
    20-3290595
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    Investment Management Services 22,103 22,103    


    TY 2020 TaxesSchedule
    Name:
    The Magnon Foundation
    EIN:
    20-3290595
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    4720 Tax for 2019 632      
    990-PF Estimated Tax for 2020 1,700      
    990-PF Extension for 2019 338      
    Foreign Tax Paid 505 505