Form990-PF
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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. 1545-0047
2021
Open to Public Inspection
For calendar year 2021, or tax year beginning 01-01-2021 , and ending 12-31-2021
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$6,066,235J 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 73 73  
4 Dividends and interest from securities... 95,002 95,002  
5a Gross rents............      
b Net rental income or (loss)  
6a Net gain or (loss) from sale of assets not on line 10 602,712
b Gross sales price for all assets on line 6a 2,474,743
7 Capital gain net income (from Part IV, line 2)... 602,712
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........ 697,787 697,787  
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 95 0 0 95
b Accounting fees (attach schedule).......        
c Other professional fees (attach schedule).... Click to see attachment 25,367 25,247   120
17 Interest...............        
18 Taxes (attach schedule) (see instructions)... Click to see attachment 6,185 515    
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 24,227 307   23,920
24 Total operating and administrative expenses.
Add lines 13 through 23.......... 55,874 26,069 0 24,135
25 Contributions, gifts, grants paid....... 227,590 220,000
26 Total expenses and disbursements. Add lines 24 and 25 283,464 26,069 0 244,135
27 Subtract line 26 from line 12:
a Excess of revenue over expenses and disbursements 414,323
b Net investment income (if negative, enter -0-) 671,718
c Adjusted net income (if negative, enter -0-)...  
For Paperwork Reduction Act Notice, see instructions.
Cat. No. 11289X Form 990-PF (2021)
Form 990-PF (2021)
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......... 108,357 110,463 110,463
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) 351,110 Click to see attachment476,005 492,175
b Investments—corporate stock (attach schedule)....... 3,651,374 Click to see attachment3,932,811 4,840,099
c Investments—corporate bonds (attach schedule)....... 109,021 Click to see attachment114,998 116,000
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 attachment507,498 Click to see attachment507,498
16 Total assets (to be completed by all filers—see the
instructions. Also, see page 1, item I) 4,727,452 5,141,775 6,066,235
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 4,727,452 5,141,775
29 Total net assets or fund balances (see instructions)..... 4,727,452 5,141,775
30 Total liabilities and net assets/fund balances (see instructions). 4,727,452 5,141,775
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
4,727,452
2
Enter amount from Part I, line 27a .....................
2
414,323
3
Other increases not included in line 2 (itemize) bullet
3
 
4
Add lines 1, 2, and 3 ..........................
4
5,141,775
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
5,141,775
Form 990-PF (2021)
Form 990-PF (2021)
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 2,474,743   1,872,031 602,712
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       602,712
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 2 602,712
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  
Form 990-PF (2021)
Form 990-PF (2021)
Page 4
Part V
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 All other domestic foundations enter 1.39% (0.0139) of line 27b. Exempt foreign organizations enter 4% (0.04) 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 9,337
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 9,337
6 Credits/Payments:
a 2021 estimated tax payments and 2020 overpayment credited to 2021 6a 5,249
b Exempt foreign organizations—tax withheld at source...... 6b 0
c Tax paid with application for extension of time to file (Form 8868)... 6c 4,300
d Backup withholding erroneously withheld ........... 6d  
7 Total credits and payments. Add lines 6a through 6d.............. 7 9,549
8 Enter any penalty for underpayment of estimated tax. Check here if Form 2220 is attached. Click to see attachment 8 0
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 10 212
11 Enter the amount of line 10 to be: Credited to 2022 estimated taxBullet212 RefundedBullet 11  
Part VI-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 XIV..................................
    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 2021 or the taxable year beginning in 2021? See the instructions for Part XIII.
    If "Yes," complete Part XIII .............................
    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 (2021)
    Form 990-PF (2021)
    Page 5
    Part VI-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 2021, 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 VI-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? ...........
    1a(1)
     
    No
    (2) Borrow money from, lend money to, or otherwise extend credit to (or accept it from)
    a disqualified person? ..............................
    1a(2)
     
    No
    (3) Furnish goods, services, or facilities to (or accept them from) a disqualified person? ...........
    1a(3)
     
    No
    (4) Pay compensation to, or pay or reimburse the expenses of, a disqualified person? ............
    1a(4)
    Yes
     
    (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)? ......................
    1a(5)
     
    No
    (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.) ...............
    1a(6)
     
    No
    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
    c
    ........bullet
    d
    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 2021? .............
    1d
     
    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 2021, did the foundation have any undistributed income (lines 6d
    and 6e, Part XII) for tax year(s) beginning before 2021?....................
    2a
     
    No
    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? ..............................
    3a
     
    No
    b
    If "Yes," did it have excess business holdings in 2021 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 2021.) .....................
    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 2021? ..
    4b
     
    No
    Form 990-PF (2021)
    Form 990-PF (2021)
    Page 6
    Part VI-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))? ..........
    5a(1)
     
    No
    (2) Influence the outcome of any specific public election (see section 4955); or to carry
    on, directly or indirectly, any voter registration drive? ....................
    5a(2)
     
    No
    (3) Provide a grant to an individual for travel, study, or other similar purposes? .............
    5a(3)
     
    No
    (4) Provide a grant to an organization other than a charitable, etc., organization described
    in section 4945(d)(4)(A)? See instructions ........................
    5a(4)
     
    No
    (5) Provide for any purpose other than religious, charitable, scientific, literary, or
    educational purposes, or for the prevention of cruelty to children or animals? .............
    5a(5)
     
    No
    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
     
     
    c
    .........bullet
    d
    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? .................
    5d
     
     
    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? .............................
    6a
     
    No
    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?
    7a
     
    No
    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? .........................
    8
     
    No
    Part VII
    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 (2021)
    Form 990-PF (2021)
    Page 7
    Part VII
    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 VIII-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 VIII-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 (2021)
    Form 990-PF (2021)
    Page 8
    Part IX
    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
    5,408,014
    b
    Average of monthly cash balances.......................
    1b
    119,698
    c
    Fair market value of all other assets (see instructions)................
    1c
    0
    d
    Total (add lines 1a, b, and c).........................
    1d
    5,527,712
    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
    5,527,712
    4
    Cash deemed held for charitable activities. Enter 1.5% (0.015) of line 3 (for greater amount, see
    instructions) .............................
    4
    82,916
    5
    Net value of noncharitable-use assets. Subtract line 4 from line 3. .......
    5
    5,444,796
    6
    Minimum investment return. Enter 5% (0.05) of line 5................
    6
    272,240
    Part X
    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 IX, line 6..................
    1
    272,240
    2a
    Tax on investment income for 2021 from Part V, line 5.......
    2a
    9,337
    b
    Income tax for 2021. (This does not include the tax from Part V.) ...
    2b
     
    c
    Add lines 2a and 2b............................
    2c
    9,337
    3
    Distributable amount before adjustments. Subtract line 2c from line 1............
    3
    262,903
    4
    Recoveries of amounts treated as qualifying distributions................
    4
     
    5
    Add lines 3 and 4............................
    5
    262,903
    6
    Deduction from distributable amount (see instructions).................
    6
     
    7
    Distributable amount as adjusted. Subtract line 6 from line 5. Enter here and on Part XII, line 1 ...
    7
    262,903
    Part XI
    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
     
    b
    Program-related investments—total from Part VIII-B..................
    1b
     
    2
    Amounts paid to acquire assets used (or held for use) directly in carrying out charitable, etc.,
    purposes...............................
    2
     
    3
    Amounts set aside for specific charitable projects that satisfy the:
    a
    Suitability test (prior IRS approval required)....................
    3a
     
    b
    Cash distribution test (attach the required schedule) .................
    3b
     
    4
    Qualifying distributions. Add lines 1a through 3b. Enter here and on Part XII, line 4.
    4
     
    Form 990-PF (2021)
    Form 990-PF (2021)
    Page 9
    Part XII
    Undistributed Income (see instructions)
    (a)
    Corpus     		(b)
    Years prior to 2020     		(c)
    2020     		(d)
    2021
    1 Distributable amount for 2021 from Part X, line 7 262,903
    2 Undistributed income, if any, as of the end of 2021:
    a Enter amount for 2020 only....... 234,341
    b Total for prior years:2019, 2018, 2017  
    3 Excess distributions carryover, if any, to 2021:
    a From 2016......  
    b From 2017......  
    c From 2018......  
    d From 2019......  
    e From 2020......  
    f Total of lines 3a through e ........  
    4Qualifying distributions for 2021 from Part
    XI, line 4: bullet$ 251,633
    a Applied to 2020, but not more than line 2a 234,341
    b Applied to undistributed income of prior years
    (Election required—see instructions).....     		 
    c Treated as distributions out of corpus (Election
    required—see instructions)........     		 
    d Applied to 2021 distributable amount..... 17,292
    e Remaining amount distributed out of corpus 0
    5 Excess distributions carryover applied to 2021.    
    (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 2021. Subtract
    lines 4d and 5 from line 1. This amount must
    be distributed in 2022 ..........     		245,611
    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 2016 not
    applied on line 5 or line 7 (see instructions) ...     		 
    9 Excess distributions carryover to 2022.
    Subtract lines 7 and 8 from line 6a ......     		0
    10 Analysis of line 9:
    a Excess from 2017....  
    b Excess from 2018....  
    c Excess from 2019....  
    d Excess from 2020....  
    e Excess from 2021.... 0
    Form 990-PF (2021)
    Form 990-PF (2021)
    Page 10
    Part XIII
    Private Operating Foundations (see instructions and Part VI-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 2021, 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) 2021 (b) 2020 (c) 2019 (d) 2018
             
    b 85% (0.85) of line 2a .........          
    c Qualifying distributions from Part XI,
    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 IX, 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 XIV
    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 (2021)
    Form 990-PF (2021)
    Page 11
    Part XIV
    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
    BIG BROTHERS BIG SISTERS OF ORANGE COUNTY AND THE
    1801 E EDINGER AVE STE 101
    SANTA ANA,CA92705     		N/A PC General & Unrestricted (see general explanation) 7,590
    FIDELITY INVESTMENTS CHARITABLE GIFT FUND
    245 SUMMER ST MZ NM43A
    BOSTON,MA02210     		N/A PC Magnon Foundation 210,000
    PALM SPRINGS INTERNATIONAL FILM SOCIETY
    1700 E TAHQUITZ CANYON WAY STE 3
    PALM SPRINGS,CA92262     		N/A PC Charitable Event 10,000
    Total .................................bullet 3a 227,590
    bApproved for future payment
    Total .................................bullet 3b  
    Form 990-PF (2021)
    Form 990-PF (2021)
    Page 12
    Part XV-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 73  
    4 Dividends and interest from securities ....          
    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 ............     		    18 602,712  
    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) ..   697,787  
    13Total. Add line 12, columns (b), (d), and (e)..................
    13
    697,787
    (See worksheet in line 13 instructions to verify calculations.)
    Part XV-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 XV-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 (2021)
    Form 990-PF (2021)
    Page 13
    Part XVI
    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 (2021)
    Additional Data


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    Software Version:  


    Form 990PF - Special Condition Description:
    Special Condition Description

    Note: To capture the full content of this document, please select landscape mode (11" x 8.5") when printing.

    TY 2021 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 2021 GeneralExplanationAttachment
    Name:
    The Magnon Foundation
    EIN:
    20-3290595
    Identifier Return Reference Explanation
    FORM 990-PF, PARTS I AND XIV: FORM 990-PF, PARTS I AND XIV: TOTAL Part I, Line 25, Column (a) and Part XIV, Line 3a: $227,590 Less amount counted as a qualifying distribution on Part XII, Line 2 of the 2019 990-PF: $7,590 TOTAL Part I, Line 25, Column (d): $ TOTAL Part I, Line 25, Column (d): $220,000
    IN-KIND GRANTS PART I LINE 25 AND PART XIV LINE 3A DISTRIBUTIONS OF PROPERTY VALUE AT FAIR MARKET VALUE AT DATE OF DISTRIBUTION METHOD FOR DETERMINING VALUE OF 2020 ANGELS SEASON TICKETS: PURCHASE PRICE TOTAL FAIR MARKET VALUE OF PROPERTY: $7,590 TOTAL BOOK VALUE OF PROPERTY: $7,590 TOTAL CASH PORTION OF GRANTS: $- TOTAL AMOUNT OF GRANTS: $7,590 FORM 990-PF, PART III, LINE 3 - OTHER INCREASES/DECREASES: $- DETAILS OF ITEMS GRANTED: DESCRIPTION OF PROPERTY: 2020 ANGELS SEASON TICKETS UNITS: DATE OF DISTRIBUTION: 5/5/2021 GRANT RECIPIENT: BIG BROTHERS BIG SISTERS OF ORANGE COUNTY AND THE INLAND EMPIRE INC FMV OF PROPERTY: $7,590 BOOK VALUE OF PROPERTY: $7,590 CASH PORTION OF GRANT: $- TOTAL AMOUNT OF GRANT: $7,590

    TY 2021 InvestmentsCorpBondsSchedule
    Name:
    The Magnon Foundation
    EIN:
    20-3290595
    Name of Bond End of Year Book Value End of Year Fair Market Value
    ALLERGAN INC - 2.800% - 03/15/ 10,236 10,108
    AMAZON INC - 2.100% - 05/12/20 6,033 6,086
    AMERICAN WATER CAP CORP - 3.00 14,334 15,869
    ASSOCIATION AMERN MED COLLEGES 10,187 10,079
    BANK AMER CORP MTN - 2.884% - 6,317 6,201
    CITIGROUP INC NOTE - 3.668% - 6,187 6,476
    COMCAST CORP NOTE - 4.150% - 1 6,576 6,817
    CVS CAREMARK CORP NOTE - 4.300 6,927 6,738
    EL PASO NAT GAS CO - 8.625% - 11,373 10,024
    ENTERPRISE PRODUCTS OPERTATING 3,252 3,663
    GOLDMAN SACHS - 3.800% - 03/15 6,850 6,611
    JP MORGAN CHASE BANK - 4.203% 7,352 7,837
    SHELL INT'L FINANCE - 2.875% - 6,078 6,368
    VERIZON COMMUNICATIONS INC - 4 6,985 6,669
    WELLS FARGO - 3.584% - 08/05/2 6,311 6,454

    TY 2021 InvestmentsCorpStockSchedule
    Name:
    The Magnon Foundation
    EIN:
    20-3290595
    Name of Stock End of Year Book Value End of Year Fair Market Value
    . PRUDENTIAL JENNISON INTL OPP 89,934 92,264
    10X GENOMICS CLASS A 758 1,192
    1LIFE HEALTHCARE INC 2,980 1,722
    ABB LTD 790 1,031
    ABBOTT LABS 2,857 5,207
    ABBVIE INC 4,524 6,635
    ABIOMED 1,340 2,155
    ACAP STRATEGIC FUND 348,033 451,772
    ACTIVISION BLIZZARD INC 514 532
    ADAPTEC, INC 469 365
    ADIDAS AG 656 576
    ADOBE SYSTEMS, INC 9,244 10,774
    ADVANCED MEDICAL OPTICS 705 1,200
    ADVANCED MICRO DEVICES INC 389 1,007
    AERCAP HOLDING N.V 242 393
    AFFIRM HOLDINGS INC CL A 3,752 3,218
    AIA GROUP LTD ADR 7,827 6,492
    AIR PRODS & CHEM INC 5,759 8,519
    AIRBUS GROUP 1,836 1,915
    ALAMOS GOLD INC 486 469
    ALIBABA GROUP HOLDING LTD 5,032 2,970
    ALIGN TECHNOLOGY, INC 1,227 2,629
    ALLEGION PLC 2,111 2,649
    ALPHABET INC CL A 15,898 23,176
    ALPHABET INC CL C 1,400 2,894
    ALTRIA GROUP INC 1,217 1,327
    AMADEUS IT HLDS SA 239 339
    AMAZON COM 5,696 10,003
    AMERICA MOVIL SA 866 1,414
    AMERICAN EXPRESS CO 4,982 5,890
    AMERICAN TOWER REIT INC 15,560 19,305
    AMERICAN WATER WORKS COMPANY I 4,308 4,910
    AMERICOLD REALTY TRUST 827 754
    AMGEN INC 427 450
    ANALOG DEVICES INC 3,487 4,570
    ANGEL OAK ULTRASHORT INCOME FU 100,263 99,866
    ANHEUSER BUSCH COS INC 957 969
    ANSYS INC 1,015 2,006
    API GROUP CORPORATION 783 953
    APPLE INC 11,578 15,093
    APPLIED MATERIALS INC 800 944
    APTIV PLC 4,257 4,619
    ARES MANAGEMENT CORPORATION 688 1,300
    ARMSTRONG WORLD INDU 1,082 1,277
    ARRAY BIOPHARMA INC 1,169 785
    ASAHI KAISAI CP ADR 2,098 1,691
    ASCENDIS PHARMA 708 673
    ASML HOLDING NV NY REG SHS 3,955 6,369
    ASPEN TECHNOLOGY, INC 1,460 2,283
    ASSA ABLOY UNSP/ADR 712 931
    ASSOCIATED BRITISH FOODS PLC 455 357
    ASTRA SPACE INC 608 243
    ASTRAZENECA 4,055 4,602
    AT&T, INC 5,669 4,846
    AUTODESK, INC 3,416 5,061
    AUTOMATIC DATA PROCESSING INC 4,260 6,411
    AVDX 444 271
    AZEK COMPANY INC CL A 2,274 2,497
    BALL CP 4,886 5,391
    BANDWIDTH INC 1,738 1,076
    BEIGENE LTD 319 542
    BENTLEY SYSTEMS INC CL B 1,880 2,755
    BERKLEY W R CP 2,416 3,131
    BEST BUY INC 3,555 3,048
    BILL COM HOLDINGS 880 1,744
    BIO RAD LABS INC CL A 2,799 4,533
    BIO TECHNE CORPORATION 793 1,035
    BIOHAVEN PHARMACEUTICAL HOLDIN 1,190 2,618
    BLACKROCK EVENT DRIVEN EQUITY 169,586 177,733
    BLACKROCK INC 8,567 12,818
    BLACKROCK SCIENCE AND TECHNOLO 25,000 48,675
    BLACKSTONE GSO FLOATING RATE E 120,532 114,512
    BLOCK INC 6,570 5,007
    BLUEPRINT MEDICINES CORPORATIO 721 964
    BRIGHT HORIZONS FAMILY SOLUTIO 2,096 2,014
    BRISTOL-MYERS SQUIBB CO 3,900 4,053
    BRITISH AMERICAN TOBACCO PLC 2,463 2,432
    BROADCOM INC 11,017 19,297
    BUDWEISER BREWING COMPANY APAC 1,255 1,240
    CACI INTL INC 1,146 1,346
    CACTUS, INC. CLASS A 1,069 1,525
    CADENCE DESIGN SYSTEMS INC 4,082 6,150
    CALLAWAY GOLF CO 590 659
    CALRSBERG AS SP ADR REP B 2,624 3,055
    CALX NETWORKS INC. 762 1,359
    CARDLYTICS 732 529
    CARRIER GLOBAL 1,155 1,302
    CDW CORP 2,265 3,891
    CELLNEX TELECOM ADR 390 347
    CHARLES RIV LABORATORIES INTL 2,579 4,898
    CHEMED CORP 1,903 2,116
    CHEMICAL AND MINING CO OF CHIL 1,605 1,715
    CHEVRON CORP 3,848 4,577
    CHINA LONGYUAN POWER GROUP UNS 1,685 2,211
    CHINA MERCHANTS BANK 2,852 2,709
    CHUBB LIMITED 1,081 1,546
    CISCO SYSTEMS INC 9,875 13,371
    CLARIVATE PLC 1,604 1,576
    CME GROUP, INC 3,569 3,884
    CMS ENERGY CP 1,085 1,236
    COGNEX CORPORATION 439 544
    COLFAX CORPORATION 308 506
    COMCAST CORP 4,815 4,580
    COMPAGNIE FINANCIERE RICHEMONT 1,811 2,766
    CONSTELLIUM NV 671 1,093
    COOPER COMPANIES INC 2,465 3,352
    COPART INC 1,485 3,336
    CORNING INC 2,292 2,122
    COSTAR GROUP, INC 761 869
    COSTCO WHOLESALE CORPORATION 740 1,135
    COUPANG ORD SHS CL A 2,910 2,497
    CREDIT SUISSE AG MLN SPX DUE 0 50,000 90,250
    CROWN CASTLE INTL 7,972 12,107
    CURTISS WRIGHT CP 635 971
    CVS CAREMARK CORP 4,153 5,880
    DANAHER CORP 9,536 14,476
    DANIMER SCIENTIFIC INC 1,001 273
    DBS GROUP HLDGS SPON ADR 1,099 1,363
    DCT INDUSTRIAL TRUST INC 1,770 1,114
    DEERE CO 2,964 3,086
    DENALI THERAPEUTICS 569 491
    DEXCOM, INC 2,429 3,222
    DIGITAL RLTY TR INC 2,196 2,653
    DNB BANK ASA 1,529 2,043
    DOCUSIGN INC 813 609
    DOW INC 816 794
    DRAFTKINGS 1,104 714
    DSV UNSP ADR EACH REPR 0.5 ORD 563 1,174
    DYNATRACE 3,321 4,828
    EAST WEST BANCORP, INC 945 1,102
    EATON CORP PLC 6,372 8,814
    ECOLAB INC 8,481 9,149
    EDWARDS LIFESCIENCES 3,096 4,923
    ELANCO ANIMAL HEALTH INCORPORA 1,770 1,845
    ELI LILLY & CO 10,655 14,640
    ENEL SOCIETA PER AZI 2,745 2,173
    ENERSIS CHILE S.A 949 710
    ENN ENERGY HOLDINGS LIMITED 835 994
    ENPHASE ENERGY ORD SHS 2,407 2,378
    EOG RESOURCES INC 1,017 1,332
    EQT CORPORATION 1,687 1,963
    EQUIFAX INC 2,489 4,392
    EQUINIX, INC 2,868 3,383
    EQUITRANS MIDSTREAM CORPORATIO 900 1,261
    ETSY INC 6,420 8,320
    EURONET WORLDWIDE INC 1,390 1,549
    EUROPEAN WAX CENTER ORD SHS CL 319 364
    EVERBRIDGE INC 1,900 875
    EVEREST RE GROUP LTD 704 822
    EVERSOURCE ENERGYINC 1,713 1,911
    EXPEDIA INC 2,484 3,253
    EXPONENT, INC 1,372 1,984
    FAIR ISSAC & CO INC 1,265 1,301
    FARFETCH LIMITED 1,345 836
    FIDELITY NATIONAL INFORMATION 1,361 1,310
    FIRST QUANTUM MINERALS LTD 2,160 2,448
    FLUOR CORP 656 768
    FORTIVE CORPORATION 4,569 5,188
    FRESHPET INC 1,189 953
    FTI CONSULTING INC 581 767
    GAMING AND LEISURE PROPERTIES, 1,812 2,044
    GATEWAY FUND CLASS Y 182,077 228,687
    GAZPROM PJSC SPON ADR EA REP 2 683 1,002
    GENERAL ELECTRIC CO 5,581 5,574
    GENERAL MILLS INC 957 1,078
    GLOBANT SA 680 942
    GODADDY INC 416 509
    GOLDMAN SACHS ABSOLUTE RETURN 96,255 89,846
    GOLDMAN SACHS GQG PARTNERS INT 131,374 178,756
    GOLDMAN SACHS GROUP 623 765
    GRACO INC 551 967
    GROCERY OUTLET HOLDING CORP 2,026 1,782
    GROUPE DANONE ADS 1,622 1,536
    GRUPO AEROPORTUARIO DEL ADR 1,631 2,062
    GRUPO FIN ADR 1,554 1,526
    HDFC BANK LTD ADR 5,025 4,360
    HENRY JACK & ASSOC INC 2,014 1,837
    HERMES INTL 10 ADR 665 1,229
    HILTON WORLDWIDE HOLDINGS, INC 1,013 1,560
    HITACHI LTD 2,340 2,059
    HOME DEPOT INC 8,300 14,940
    HONEYWELL INTL 3,266 3,962
    HONG KONG EX&CL UNSP/ADR 5,210 4,681
    HORIZON THERAPEUTICS PUBLIC OR 1,961 3,017
    HUAZHU GROUP LTD 1,674 1,344
    HUBSPOT INC 2,129 4,614
    HUMANA INC 3,925 4,639
    IBERDROLA ADR 1,373 1,227
    ICICI BK LTD ADS 2,398 2,691
    IDEX CP 514 709
    IDEXX CORP 4,628 7,902
    ILLINOIS TOOL WORKS 2,182 3,702
    INDUSTRIA DE DISENO 2,158 2,234
    INFOSYS TECH LTD SPD ADR 2,367 2,809
    INPOST S A UNSPONSORED LUXEMBO 1,700 1,059
    INSULET CORPORATION 1,488 1,862
    INTEL CORP 2,579 2,266
    INTERACTIVE BROKERS GROUP, INC 2,031 2,780
    INTERCONTINENTAL EXCHANGE, INC 600 821
    INTESA SANPAOLO SPA 1,754 1,610
    INTUIT 3,475 8,362
    INTUITIVE SURGICAL 1,351 2,515
    IOVANCE BIOTHERAPEUTICS 913 611
    ISHARES MSCI USA MIN VOLATILIT 90,138 144,649
    ISHARES RUSSELL 2000 110,909 176,847
    JP MORGAN CHASE 17,524 20,902
    JPMORGAN CHASE FINL CO LLC - 0 50,000 72,600
    JPMORGAN HEDGED EQUITY SELECT 124,831 137,546
    KERING UNSPON ADR EA REPR 0.1 2,842 3,623
    KLA TENCOR CORP 1,492 2,151
    KOMATSU LTD 788 795
    KON KPN NV SPON ADR REP 1 ORD 1,665 1,539
    KONINKLIJKE DSM NV ADR 673 1,359
    KORNIT DIGITAL LTD 526 1,218
    KOSE CORPORATION UNSP ADR 402 408
    KYMERA THERAPEUTICS INC 505 508
    L3HARRIS TECHNOLOGIES 1,152 1,279
    LAIDLAW INTL 1,307 1,348
    LAS VEGAS SANDS CORP 726 489
    LENNOX INTL INC 2,374 2,919
    LIBERTY MEDIA CORPORATION - SE 732 1,328
    LINDE PLC COM 4,309 5,889
    LIVE NATION INC COM 573 1,317
    LOCKHEED MARTIN CORP 3,968 4,265
    LOJAS RENNER ADR 1,225 751
    LONDON STK EXCHANGE GROUP 1,431 1,180
    LONGFOR PROPERTIES UNSP ADR 1,230 1,088
    LPL FINANCIAL HOLDINGS INC 2,410 2,882
    LULULEMON ATHLETICA INC 1,302 1,957
    LUMENTUM HOLDINGS INC 1,252 1,692
    LVMH MOET HENN UNSP 1,023 1,821
    LYFT INC 4,930 3,632
    LYONDELLBASELL INDUSTRIES NV 1,141 1,107
    MARSH AND MCLENNAN COMPANIES I 3,164 5,910
    MARVELL TECHNOLOGY, INC 6,065 12,161
    MASCO CORP 798 1,124
    MASTERCARD INC 1,219 1,437
    MCCORMICK & CO 3,802 4,154
    MCDONALD'S CORP 7,734 10,187
    MEDTRONIC PLC 5,228 5,379
    MEITUAN DIANPING UNSPONSORED A 1,787 1,330
    MEMBERSHIP COLLECTIVE GROUP IN 808 780
    MERCK & CO INC 7,932 7,971
    MERCURY COMPUTER SYSTEMS 1,945 1,487
    META PLATFORMS INC 2,832 4,373
    MICRON TECHNOLOGY 4,328 4,937
    MICROSOFT CORP 28,905 44,394
    MONDELEZ INTERNATIONAL INC 6,445 7,559
    MONOLITHIC POWER SYSTEMS, INC 2,344 5,427
    MOODYS CORP 984 1,562
    MORGAN STANLEY 4,128 5,497
    MORNINGSTAR, INC 755 1,710
    MSCI INC 6,031 9,190
    NATERA INC 548 841
    NCINO 804 603
    NESTLE S.A 4,091 5,053
    NETAPP, INC 1,323 1,748
    NETEASE.COM INC COM STK 1,681 1,628
    NETFLIX INC 1,350 2,410
    NETWORK INTERNATIONAL HOLDINGS 1,157 876
    NEUROCRINE BIOSCIENCES, INC 1,247 1,022
    NEVRO CORP 534 324
    NEW YORK TIMES CO CL A 3,326 3,623
    NEXTERA ENERGY, INC 11,593 15,965
    NIDEC CORPORATION ADR 675 1,092
    NIKE INC-CL B 9,589 12,000
    NLIGHT INC 513 527
    NORDSON CP 2,726 3,574
    NORFOLK SOUTHERN CORP 1,478 1,786
    NORWEGIAN CRUISE LINE HOLDINGS 911 643
    NOTRE DAME INTERMEDICA PARTICI 1,033 889
    NOVARTIS AG ADR 567 525
    NOVO NORDISK A S 655 1,120
    NOVOCURE LTD 817 300
    NVIDIA CORP 6,407 12,941
    OIL CO LUKOIL PJSC SPON ADR RE 3,290 3,143
    OLLIES BARGAIN OUTLET HOLDINGS 818 563
    OPPENHEIMER RUSSELL 1000 DYNAM 88,216 94,657
    ORSTED A S 622 855
    OUTSET MED INC 579 507
    OZON HOLDINGS PLC 1,211 770
    PALOMAR HOLDINGS 452 389
    PAYCHEX 3,261 6,552
    PAYPAL HOLDINGS, INC 2,084 2,074
    PELOTON INTERACTIVE, INC 4,061 2,539
    PEPSICO INC 5,702 7,817
    PERNOD RICARD S A SPONSORED AD 852 1,164
    PHILIP MORRIS INTL 2,570 2,850
    PHILLIPS 66 1,783 1,449
    PING AN INSURANCE GROUP ADR 912 645
    PLANET FITNESS INC 3,046 4,257
    PNC FINANCIAL GROUP INC 3,720 5,013
    POOL CORP 2,724 5,094
    POWER INTEGRATIONS, INC 857 1,486
    PRINCIPAL FDS INC SMALL MIDCAP 79,266 95,052
    PRIVIA HEALTH GROUP INC 1,007 828
    PROCTER GAMBLE CO 12,638 15,704
    PROLOGIS 3,214 5,556
    PROSUS NV ADR 1,181 997
    PT BANK RAKYAT ADR 2,831 2,884
    PT TELEKOM. IND. TBK ADR 1,044 1,334
    PTC THERAPEUTICS INC 727 597
    PUTNAM SHORT DURATION INCOME C 17,262 17,278
    QUALCOMM INC 6,820 9,144
    RAPID7 INCORPORATED 1,366 2,942
    RAYTHEON TECHNOLOGIES CORP 1,681 1,979
    REALTY INCOME CORP 3,636 4,009
    REDFIN CORP 2,337 1,574
    REGENERON PHARMACEUTICALS INC 929 1,263
    REINSURANCE GROUP AMER INC 602 547
    RELX PLC 1,395 1,761
    RENAULT SA 632 617
    REPLIGEN CORP 798 1,324
    RESTAURANT BRANDS INTL 542 728
    ROCKWELL AUTOMATION INC 3,176 4,535
    ROLLINS INC 1,429 1,505
    ROYAL CARRIBEAN CRUISE 1,124 1,000
    RYANAIR HOLDINGS PLC-ADR COM 557 614
    SAFRAN SA - UNSPON ADR 1,121 1,407
    SAMPO PLC UNSPONSORED ADR 820 928
    SANDS CHINA LTD UNSP ADR 2,248 1,176
    SAP AKTIENGESELL ADS 997 981
    SAREPTA THERAPEUTICS INC 2,409 2,251
    SBERBANK SPONSORED ADR 1,440 1,307
    SCHLUMBERGER LTD 1,158 1,468
    SCOTTS CO. CLASS A 3,955 4,347
    SEA LTD 1,871 2,013
    SEAGEN INC 335 464
    SEMPRA ENERGY COM 5,559 6,085
    SEMTECH CORPORATION 1,427 2,312
    SERVICE NOW 3,685 5,842
    SHENZHOU INTL GROUP HOLDINGS A 2,091 1,632
    SHERWIN-WILLIAMS CO 377 704
    SHIFT4 PAYMENTS INC CL A 939 1,043
    SHIN-ETSU CHEMICAL C 727 1,129
    SHOPIFY INC 751 1,377
    SIKA AG BEARER SHS 1,119 1,538
    SITEONE LANDSCAPE SUPPLY INC 2,962 5,815
    SMARTSHEET INC 609 775
    SMC CORPORATION 627 881
    SPLUNK INC 1,389 1,041
    STARBUCKS CORP COM 6,428 9,709
    STMICROELECTRONICS 1,304 1,564
    SUNNY OPTICAL TECHNOLOGY GROUP 1,220 1,266
    TAIWAN SEMICONDUCTOR MFG CO LT 17,513 18,287
    TATA MOTORS LTD ADS 2,246 2,246
    TC ENERGY CORPORATION 1,999 2,141
    TELADOC INC 2,090 1,285
    TELEDYNE TECH INC 1,261 1,311
    TELEFONICA BRASIL, S.A 908 900
    TENCENT HOLDINGS LIMITED 5,733 4,431
    TERADYNE INC 2,507 4,579
    TESLA MOTORS INC 950 10,568
    TEXAS INSTRUMENTS INC 11,295 14,324
    THERMO FISHER SCIENTIFIC INC 4,470 8,674
    THOR INDS INC 3,401 3,009
    TOKYO ELECTRON LTD 1,573 2,302
    TOTALENERGIES SE 2,178 2,473
    TRADEWEB MARKETS INC 668 1,102
    TRIMBLE NAV LTD 588 1,308
    TRINITY INDUSTRIES, INC 2,643 2,537
    TRUIST FINANCIAL CORPORATION 6,688 7,729
    TWILIO INC 2,168 2,633
    TWIST BIOSCIENCE CORP 491 774
    ULTRAGENYX PHARMACEUTICAL INC 1,728 1,430
    UNILEVER PLC AMER 1,954 1,936
    UNION PACIFIC 5,626 6,802
    UNIQURE NV 531 207
    UNITED PARCEL SERVICE 4,673 4,930
    UNITEDHEALTH GROUP INC 6,209 10,043
    US BANCORP 2,810 3,202
    VALE SA 4,591 3,841
    VANGUARD HEALTH CARE ETF 55,617 96,444
    VANGUARD TOTAL BOND MARKET ETF 173,478 176,280
    VANGUARD TOTAL INTL BD IDX ETF 291,761 290,858
    VANGUARD TOTAL STOCK MARKET ET 212,427 391,132
    VERISK ANALYTICS, INC 5,193 7,091
    VERIZON COMMUNICATIONS 2,161 2,026
    VERTEX PHARMCTLS INC 685 659
    VICI PROPERTIES INC 2,964 3,282
    VIRTUS KAR INTERNATIONAL SMALL 142,820 131,648
    VISA INC 11,493 11,919
    WAL-MART DE MEX V SP/ADR 1,458 1,639
    WALT DISNEY HOLDINGS CO 6,512 5,421
    WEBSTER FINL CORP 453 447
    WEC ENERGY GROUP, INC 2,409 3,009
    WEST PHARMA SVCS INC 3,029 6,566
    WESTERN ASSET SMASH SERIES C F 37,749 38,707
    WESTERN ASSET SMASH SERIES EC 100,490 100,176
    WESTERN ASSET SMASH SERIES M F 53,079 52,119
    WOLFSPEED INC 4,252 4,135
    WORKDAY INC 4,486 4,644
    WPP PLC 1,558 1,738
    XP INC CL A 1,063 1,063
    YANDEX N V 1,051 908
    YUM CHINA HOLDINGS INC 3,185 2,741
    ZEBRA TECHNOLOGIES CORP 3,059 6,547
    ZENDESK INC 1,092 1,460
    ZOETIS INC 962 1,708
    ZOGENIX INC 684 520
    ZURICH INS GROU ADR 1,364 1,408
    ZURN WATER SOLUTIONS 196 582

    TY 2021 InvestmentsGovtObligationsSch
    Name:
    The Magnon Foundation
    EIN:
    20-3290595
    US Government Securities - End of Year Book Value:

    136,118
    US Government Securities - End of Year Fair Market Value:

    136,984
    State & Local Government Securities - End of Year Book Value:


    339,887
    State & Local Government Securities - End of Year Fair Market Value:


    355,191


    TY 2021 LegalFeesSchedule
    Name:
    The Magnon Foundation
    EIN:
    20-3290595
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    General Consultations 95     95


    TY 2021 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
    2021 ANGELS SEASON TICKETS   7,498 7,498


    TY 2021 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 19,520     19,520
    Bank Charges 307 307    
    WEBSITE HOSTING/SUPPORT 212     212
    Indemnification Insurance 766     766
    EVENT EXPENSE 139     139
    State or Local Filing Fees 50     50
    Storage Fee 3,233     3,233


    TY 2021 OtherProfessionalFeesSchedule
    Name:
    The Magnon Foundation
    EIN:
    20-3290595
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    Investment Management Services 25,247 25,247    
    CAR DETAIL SERVICE 120     120


    TY 2021 TaxesSchedule
    Name:
    The Magnon Foundation
    EIN:
    20-3290595
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    990-PF Estimated Tax for 2021 5,200      
    990-PF Extension for 2020 470      
    Foreign Tax Paid 515 515