Form990-PF

Department of the Treasury
Internal Revenue Service

Return of Private Foundation
or Section 4947(a)(1) Trust Treated as Private Foundation
right arrowDo not enter social security numbers on this form as it may be made public.
right arrowGo to www.irs.gov/Form990PF for instructions and the latest information.
OMB No. 1545-0047
2024
Open to Public Inspection
For calendar year 2024, or tax year beginning 01-01-2024 , and ending 12-31-2024
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 right arrow
G Check all that apply:

D 1. Foreign organizations, check here............. right arrow
2. Foreign organizations meeting the 85%
test, check here and attach computation ... right arrow
E right arrow
H Check type of organization:
F right arrow
I Fair market value of all assets at end
of year (from Part II, col. (c),
line 16)right arrow$5,281,947J 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 right arrow.............
3 Interest on savings and temporary cash investments 1,832 1,832  
4 Dividends and interest from securities... 122,360 122,360  
5a Gross rents............      
b Net rental income or (loss)  
6a Net gain or (loss) from sale of assets not on line 10 120,463
b Gross sales price for all assets on line 6a 947,398
7 Capital gain net income (from Part IV, line 2)... 120,463
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)....... Click to see attachment
List of Attached Documents:
// Content
6 6  
12 Total. Add lines 1 through 11........ 244,661 244,661  
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).........        
b Accounting fees (attach schedule).......        
c Other professional fees (attach schedule).... Click to see attachment
List of Attached Documents:
// Content
23,997 23,997    
17 Interest...............        
18 Taxes (attach schedule) (see instructions)... Click to see attachment
List of Attached Documents:
// Content
2,773 1,473    
19 Depreciation (attach schedule) and depletion...      
20 Occupancy..............        
21 Travel, conferences, and meetings....... 30,903     30,903
22 Printing and publications..........        
23 Other expenses (attach schedule)....... Click to see attachment
List of Attached Documents:
// Content
54,844 857   53,966
24 Total operating and administrative expenses.
Add lines 13 through 23.......... 112,517 26,327   84,869
25 Contributions, gifts, grants paid....... 159,226 159,226
26 Total expenses and disbursements. Add lines 24 and 25 271,743 26,327   244,095
27 Subtract line 26 from line 12:
a Excess of revenue over expenses and disbursements -27,082
b Net investment income (if negative, enter -0-) 218,334
c Adjusted net income (if negative, enter -0-)... 0
For Paperwork Reduction Act Notice, see instructions.
Cat. No. 11289X Form 990-PF (2024)
Form 990-PF (2024)
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......... 182,924 119,921 119,921
3 Accounts receivable right arrow  
Less: allowance for doubtful accounts right arrow        
4 Pledges receivable right arrow  
Less: allowance for doubtful accounts right arrow        
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) right arrow  
Less: allowance for doubtful accounts right arrow        
8 Inventories for sale or use..............      
9 Prepaid expenses and deferred charges..........      
10a Investments—U.S. and state government obligations (attach schedule) 280,473 Click to see attachment
List of Attached Documents:
// Content
275,463 		255,605
b Investments—corporate stock (attach schedule)....... 3,377,959 Click to see attachment
List of Attached Documents:
// Content
3,374,288 		3,992,590
c Investments—corporate bonds (attach schedule)....... 306,305 Click to see attachment
List of Attached Documents:
// Content
348,241 		356,167
11 Investments—land, buildings, and equipment: basis right arrow  
Less: accumulated depreciation (attach schedule) right arrow        
12 Investments—mortgage loans.............      
13 Investments—other (attach schedule).......... 53,024 Click to see attachment
List of Attached Documents:
// Content
55,690 		57,664
14 Land, buildings, and equipment: basis right arrow  
Less: accumulated depreciation (attach schedule) right arrow        
15 Other assets (describe right arrow) Click to see attachment
List of Attached Documents:
// Content
500,000 		Click to see attachment
List of Attached Documents:
// Content
500,000 		Click to see attachment
List of Attached Documents:
// Content
500,000
16 Total assets (to be completed by all filers—see the
instructions. Also, see page 1, item I) 4,700,685 4,673,603 5,281,947
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 right arrow)    
23 Total liabilities (add lines 17 through 22)......... 0 0
Net Assets or Fund Balances Foundations that follow FASB ASC 958, check here right arrow
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 right arrow
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 4,700,685 4,673,603
29 Total net assets or fund balances (see instructions)..... 4,700,685 4,673,603
30 Total liabilities and net assets/fund balances (see instructions). 4,700,685 4,673,603
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
4,700,685
2
Enter amount from Part I, line 27a .....................
2
-27,082
3
Other increases not included in line 2 (itemize) right arrow
3
 
4
Add lines 1, 2, and 3 ..........................
4
4,673,603
5
Decreases not included in line 2 (itemize) right arrow
5
 
6
Total net assets or fund balances at end of year (line 4 minus line 5)—Part II, column (b), line 29 .
6
4,673,603
Form 990-PF (2024)
Form 990-PF (2024)
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 IRONWOOD MULTI-STRATEGY FUND LLC P   2024-01-01
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 894,374   773,911 120,463
b 53,024   53,024  
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       120,463
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 2 120,463
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
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 right arrow 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) 1 3,035
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 3,035
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 3,035
6 Credits/Payments:
a 2024 estimated tax payments and 2023 overpayment credited to 2024 6a 1,959
b Exempt foreign organizations—tax withheld at source...... 6b 0
c Tax paid with application for extension of time to file (Form 8868)... 6c 900
d Backup withholding erroneously withheld .......... 6d  
7 Total credits and payments. Add lines 6a through 6d.............. 7 2,859
8 Enter any penalty for underpayment of estimated tax. Check here if Form 2220 is attached. Click to see attachment
List of Attached Documents:
// Content
8 0
9 Tax due. If the total of lines 5 and 8 is more than line 7, enter amount owed.......right arrow 9 176
10 Overpayment. If line 7 is more than the total of lines 5 and 8, enter the amount overpaid...right arrow 10  
11 Enter the amount of line 10 to be: Credited to 2025 estimated taxright arrow   Refundedright arrow 11  
Form 990-PF (2024)
Form 990-PF (2024)
Page 4
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. right arrow$   (2) On foundation managers.right arrow$  
e
Enter the reimbursement (if any) paid by the foundation during the year for political expenditure tax imposed
on foundation managers.right arrow$  
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:
round bullet By language in the governing instrument, or
round bullet 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)
right arrowCA
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 2024 or the taxable year beginning in 2024? 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
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
List of Attached Documents:
// Content
.................
12
Yes
 
13
Did the foundation comply with the public inspection requirements for its annual returns and exemption application?
13
Yes
 
Website addressright arrow  
14
The books are in care ofright arrowFoundation Source Telephone no.right arrow (800) 839-1754

Located atright arrow501 Silverside Road Suite 123WilmingtonDE ZIP+4right arrow198091377
15
Section 4947(a)(1) nonexempt charitable trusts filing Form 990-PF in lieu of Form 1041 —check here .........right arrow
and enter the amount of tax-exempt interest received or accrued during the year ........right arrow
15
 
16 At any time during calendar year 2024, 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 right arrow
Form 990-PF (2024)
Form 990-PF (2024)
Page 5
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)
Yes
 
(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
Organizations relying on a current notice regarding disaster assistance check here ........right arrow
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 2024? .............
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 2024, did the foundation have any undistributed income (Part XII, lines 6d
and 6e) for tax year(s) beginning before 2024?....................
2a
 
No
If "Yes," list the years right arrow20, 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.
right arrow20, 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 2024 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 2024.) .....................
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 2024? ..
4b
 
No
Form 990-PF (2024)
Form 990-PF (2024)
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
Organizations relying on a current notice regarding disaster assistance check .........right arrow
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
1.0 		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...................right arrow  
Form 990-PF (2024)
Form 990-PF (2024)
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.............right arrow  
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.........................right arrow  
Form 990-PF (2024)
Form 990-PF (2024)
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
4,615,480
b
Average of monthly cash balances.......................
1b
147,360
c
Fair market value of all other assets (see instructions)................
1c
55,362
d
Total (add lines 1a, b, and c).........................
1d
4,818,202
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
4,818,202
4
Cash deemed held for charitable activities. Enter 1.5% (0.015) of line 3 (for greater amount, see
instructions) .............................
4
72,273
5
Net value of noncharitable-use assets. Subtract line 4 from line 3. ............
5
4,745,929
6
Minimum investment return. Enter 5% (0.05) of line 5................
6
237,296
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
237,296
2a
Tax on investment income for 2024 from Part V, line 5 .......
2a
3,035
b
Income tax for 2024. (This does not include the tax from Part V.) ...
2b
 
c
Add lines 2a and 2b............................
2c
3,035
3
Distributable amount before adjustments. Subtract line 2c from line 1............
3
234,261
4
Recoveries of amounts treated as qualifying distributions................
4
 
5
Add lines 3 and 4............................
5
234,261
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
234,261
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
244,095
b
Program-related investments—total from Part VIII-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 XII, line 4. .......
4
244,095
Form 990-PF (2024)
Form 990-PF (2024)
Page 9
Part XII
Undistributed Income (see instructions)
(a)
Corpus 		(b)
Years prior to 2023 		(c)
2023 		(d)
2024
1 Distributable amount for 2024 from Part X, line 7 234,261
2 Undistributed income, if any, as of the end of 2024:
a Enter amount for 2023 only....... 217,041
b Total for prior years:20 , 20, 20  
3 Excess distributions carryover, if any, to 2024:
a From 2019......  
b From 2020......  
c From 2021......  
d From 2022......  
e From 2023......  
f Total of lines 3a through e ........  
4Qualifying distributions for 2024 from Part
XI, line 4: right arrow$ 244,095
a Applied to 2023, but not more than line 2a 217,041
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 2024 distributable amount..... 27,054
e Remaining amount distributed out of corpus 0
5 Excess distributions carryover applied to 2024.    
(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 2023. Subtract line
4a from line 2a. Taxable amount—see
instructions ............. 		 
f Undistributed income for 2024. Subtract
lines 4d and 5 from line 1. This amount must
be distributed in 2025 .......... 		207,207
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 2019 not
applied on line 5 or line 7 (see instructions) ... 		 
9 Excess distributions carryover to 2025.
Subtract lines 7 and 8 from line 6a ...... 		0
10 Analysis of line 9:
a Excess from 2020....  
b Excess from 2021....  
c Excess from 2022....  
d Excess from 2023....  
e Excess from 2024.... 0
Form 990-PF (2024)
Form 990-PF (2024)
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 2024, enter the date of the ruling ...... right arrow
 
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 IX for each
year listed .......... 		Tax year Prior 3 years (e) Total
(a) 2024 (b) 2023 (c) 2022 (d) 2021
         
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 right arrow if the foundation only makes contributions to preselected charitable organizations and does not accept
unsolicited requests for funds. If the foundation makes gifts, grants, etc. to individuals or organizations under
other conditions, complete items 2a, b, c, and d. See instructions
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 (2024)
Form 990-PF (2024)
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 IN-KIND GRANT general Explanation Attachment) 8,226

FIDELITY INVESTMENTS CHARITABLE GIFT FUND

PO BOX 770001
CINCINNATI,OH45277 		N/A PC MAGNON FOUNDATION DONOR ADVISOR FUND 135,000

Martin Luther King Jr High

9301 WOOD RD
Riverside,CA92508 		N/A GOV MLK Jr High Pep Squad 5,000

PALM SPRINGS INTERNATIONAL FILM SOCIETY

303 N INDIAN CANYON DR
PALM SPRINGS,CA92262 		N/A PC Charitable Event 10,000

RIVERSIDE COMMUNITY COLLEGE DISTRICT FOUNDATION

PO BOX 907
RIVERSIDE,CA92502 		N/A PC Marching Tigers 1,000
Total .................................right arrow 3a 159,226
bApproved for future payment
Total ................................. right arrow 3b  
Form 990-PF (2024)
Form 990-PF (2024)
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 1,832  
4 Dividends and interest from securities ....     14 122,360  
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 ............ 		    18 120,463  
9 Net income or (loss) from special events:          
10 Gross profit or (loss) from sales of inventory          
11 Other revenue:
aCLASS ACTION LAWSUIT PROCEEDS 		    01 6  
b
c
d
e
12 Subtotal. Add columns (b), (d), and (e) ..   244,661  
13Total. Add line 12, columns (b), (d), and (e)..................
13
244,661
(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 (2024)
Form 990-PF (2024)
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.
right arrow right arrow
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 Check if self-
employed right arrow		 PTIN
Firm's name Right Arrow
 Firm's EIN Right Arrow
Firm's address Right Arrow


 Phone no.
Form 990-PF (2024)
Additional Data


Software ID:  
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 2024 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 2024 GeneralExplanationAttachment
Name:
The Magnon Foundation
EIN:
20-3290595
Identifier Return Reference Explanation
IN-KIND GRANTS PART I LINE 25 AND PART XIV LINE 3A 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 BASEBALL TICKETS: PURCHASE PRICE TOTAL FAIR MARKET VALUE OF PROPERTY: $8,226 TOTAL BOOK VALUE OF PROPERTY: $8,226 TOTAL CASH PORTION OF GRANTS: $- TOTAL AMOUNT OF GRANTS: $8,226 FORM 990-PF, PART III, LINE 3 - OTHER INCREASES/DECREASES: $- DETAILS OF ITEMS GRANTED: DESCRIPTION OF PROPERTY: Baseball Tickets UNITS: 4 DATE OF DISTRIBUTION: 3/4/2024 GRANT RECIPIENT: BIG BROTHERS BIG SISTERS OF ORANGE COUNTY AND THE INLAND EMPIRE INC FMV OF PROPERTY: $8,226 BOOK VALUE OF PROPERTY: $8,226 CASH PORTION OF GRANT: TOTAL AMOUNT OF GRANT: $8,226

TY 2024 InvestmentsCorpBondsSchedule
Name:
The Magnon Foundation
EIN:
20-3290595
Name of Bond End of Year Book Value End of Year Fair Market Value
ALLEGION US HLDG CO INC NT - 3 6,645 6,750
ALTRIA GROUP INC - 6.200% - 11 6,069 6,237
AMERICAN TOWER CORP - 3.600% - 6,626 6,729
AMERICAN WATER CAP CORP - 3.00 14,333 14,502
AT&T INC - 4.100% - 02/15/2028 6,705 6,852
BAT CAPITAL CORP MTN CALL MAKE 6,111 6,431
BAY LAUREL CTR - 4.547% - 09/0 10,010 9,930
BERRY GLOBAL INC - 1.570% - 01 6,385 6,755
BLOCK FINL LLC - 3.875% - 08/1 6,368 6,458
BOYD GAMING - 4.750% - 12/01/2 8,422 8,701
BROADCOM INC SER B NOTE - 4.15 6,304 6,696
CARLISLE COS INC - 2.200% - 03 1,701 1,632
CDW LLC - 3.276% - 12/01/2028 6,136 6,512
CONAGRA BRANDS INC SR NOTE - 4 5,781 5,964
CROWN CASTLE INC - 5.800% - 03 7,362 7,136
DICKS SPORTING GOODS INC NOTE 6,848 7,013
DISCOVERY COMMUNICATIONS LLC - 6,391 6,628
DOLLAR TREE INC - 4.200% - 05/ 6,627 6,807
DUKE ENERGY CAROLINAS LLC - 2. 8,835 8,653
EAGLE MATLS INC - 2.500% - 07/ 6,640 6,806
ENCOMPASS - 4.750% - 02/01/203 4,544 4,731
EXPEDIA GROUP INC SER B NOTE C 6,152 6,453
FISERV INC - 5.650% - 08/21/20 6,375 6,108
FLEXTRONICS INTL - 6.000% - 01 5,987 6,120
FORTUNE BRANDS HOME & SECURITY 6,357 6,474
GENUINE PARTS CO - 6.500% - 11 6,120 6,299
GLOBAL PAYMENTS - 2.900% - 05/ 6,005 6,232
HCA 3.5% 09/01/2030 - 3.500% - 6,045 6,360
HP INC - 5.500% - 01/15/2033 7,257 7,066
L BRANDS INC - 7.500% - 06/15/ 8,060 8,244
LKQ CORP - 5.750% - 06/15/2028 2,040 2,033
LKQ CORP - 6.250% - 06/15/2033 4,169 4,127
MARRIOTT INTERNATIONAL INC. CL 6,787 6,868
MICROCHIP TECHNOLOGYINC. SER B 5,796 5,975
MOLSON COORS BEVERAGE CO NOTE 6,598 6,818
MOTOROLA SOLUTIONS INC NOTE - 5,736 5,901
OLIN CORP NOTE - 5.625% - 08/0 6,633 6,806
ORACLE CORP - 2.300% - 03/25/2 6,097 6,471
PHILP MORRIS - 5.375% - 02/15/ 6,982 7,015
QORVO INC - 4.350% - 10/15/202 6,174 6,565
QUANTA SVCS INC - 2.900% - 10/ 6,656 7,145
SBA COMMUNICATIONS CORP SER B 8,422 8,628
SERVICE CORP - 3.375% - 08/15/ 8,400 8,750
STEEL DYNAMICS INC SER B - 5.0 5,877 5,985
TELEDYNE TECHNOLOGIES INC - 2. 6,884 6,947
TENET HEALTHCARE CORP SER B NO 8,663 8,983
TRANSDIGM INC SER B NOTE - 5.5 7,611 7,861
TRIMBLE - 4.900% - 06/15/2028 5,757 5,994
VERIZON COMMS - 4.329% - 09/21 4,777 4,906
VERIZON COMMUNICATIONS - 4.125 2,279 1,977
WESTINGHOUSE AIR BRAKE TECHNOL 5,908 5,942
WILLIS NORTH AMER - 2.950% - 0 6,054 6,366
YUM BRANDS INC NOTE - 5.375% - 4,938 4,842
ZIMMER BIOMET HLDGS - 3.550% - 5,802 5,983

TY 2024 InvestmentsCorpStockSchedule
Name:
The Magnon Foundation
EIN:
20-3290595
Name of Stock End of Year Book Value End of Year Fair Market Value
AAON, INC 856 1,294
ABB LTD 740 913
ABBOTT LABS 1,073 1,244
ABBVIE INC 6,522 7,819
ACAP STRATEGIC FUND 348,031 451,184
ACCENTURE PLC 5,097 5,629
ADIDAS AG 569 1,339
ADOBE SYSTEMS, INC 6,276 8,004
ADVANCED MICRO DEVICES INC 750 483
AEGON FUNDING 5.100% PFD DUE 1 1,111 1,076
AES CORP 1,279 914
AFFILIATED MANAGERS GROUP INC 434 382
AGILENT TECHNOLOGIES INC 1,331 1,343
AIA GROUP LTD ADR 3,758 2,796
AIR PRODS & CHEM INC 2,892 3,190
AIRBNB 3,835 3,417
AIRBUS GROUP 2,747 3,346
AKAMAI TECH COM STK 749 670
ALCON INC 4,302 6,282
ALGONQUIN PWR &UTILITY PFD - 0 909 908
ALIBABA GROUP HOLDING LTD 1,199 1,187
ALIGN TECHNOLOGY, INC 2,173 1,877
ALLEGION PLC 1,273 1,568
ALLSTATE CORPORATION PFD 7.37 803 799
ALLSTATE PFD SER H 598 569
ALNYLAM PHARMACEUTICALS, INC 632 706
ALPHABET INC CL A 7,995 12,115
ALPHABET INC CL C 2,031 3,237
AMADEUS IT HLDS SA 290 353
AMAZON COM 14,102 19,087
AMBEV SA 4,090 2,901
AMER INTERNATIONAL GROUP INC 6,445 6,334
AMERICA MOVIL SA 627 630
AMERICAN EXPRESS CO 2,535 4,749
AMERICAN TOWER REIT INC 3,244 2,935
AMERICAN WATER WORKS COMPANY I 6,008 5,727
AMERIPRISE FINANCIAL INC 5,705 11,181
AMGEN INC 7,842 7,819
ANHEUSER BUSCH COS INC 1,436 1,102
ANSYS INC 5,793 8,433
ANTERO RESOURCES CORPORATION 830 1,262
APOLLO GLOBAL MGMT INC 7.625% 954 954
APPLE INC 10,306 15,276
ARCH CAPITAL GROUP 4.55% SER-G 543 519
ARES MANAGEMENT CORPORATION 2,240 2,655
ASCENDIS PHARMA 432 688
ASE TECHNOLOGY HOLDINGS CO LTD 659 675
ASML HOLDING NV NY REG SHS 1,808 2,079
ASPEN TECHNOLOGY INC COM 1,745 1,997
ASSA ABLOY UNSP/ADR 612 747
ASTRAZENECA 3,221 3,669
AT&T INC GLOBAL 66 5.35000% 11 1,003 1,098
AT&T, INC 2,997 3,825
ATHENE HLDG DS LTD PFD SER A 974 999
ATHENE HLDG SER E 7.75% 841 829
ATHENE HOLDING 1000 DEPOSITARY 913 927
ATMOS ENERGY CORP 5,542 7,521
AUTL 483 230
AUTOMATIC DATA PROCESSING INC 2,562 4,098
AVIXCHANGE HOLDINGS INC 735 879
AXIS CAPITAL HLDGS LTD NON-CUM 734 718
AXON ENTERPRISE 1,212 3,566
BAC CAPITAL TR X - 6.250% - 03 1,578 1,586
BAE SYSTEMS PLC 3,783 5,316
BANCO DO BRASIL S A SPONSORED 622 466
BANGKOK BANK PCL 1,570 1,987
BANK AMER DS PFD SER KK 1,737 1,700
BANK OF AMERICA CORP 10% SER * 1,657 1,664
BANK OF AMERICA CORP 4.375% PF 972 952
BANK OF AMERICA CORP PFD 1,331 1,311
BANK OF AMERICA CORP PREFERRED 1,084 1,116
BANK OF AMERICA CORPORATION DE 1,750 1,728
BARRICK GOLD CORPORATION 2,038 2,062
BEIGENE LTD 565 554
BENTLEY SYSTEMS INC CL B 2,043 2,522
BERKELEY GROUP HOLDINGS PLC UN 2,159 2,134
BERKELY (WR) PFD SHS CORP - 5. 865 853
BERKLEY W R CP 1,290 2,341
BIO TECHNE CORPORATION 1,126 1,152
BJ'S WHLSL CLUB INC 1,304 1,519
BLACKROCK EVENT DRIVEN EQUITY 161,537 168,975
BLACKROCK INC 2,160 3,075
BLOCK INC 845 1,190
BOSTON SCIENTIFIC 903 893
BP PLC SPONSORED ADR 3,491 2,867
BRENNTAG AG UNSP ADR 840 789
BRIGHT HORIZONS FAMILY SOLUTIO 1,485 1,441
BRISTOL-MYERS SQUIBB CO 1,062 1,188
BRITISH AMERICAN TOBACCO PLC 9,247 8,426
BROADCOM INC 11,880 31,762
BROADRIDGE FINANCIAL 1,592 2,261
BUDWEISER BREWING COMPANY APAC 1,188 531
BUILDERS FIRST SOURCE INC 1,699 1,429
BUNGE GLOBAL SA 675 467
CACI INTL INC 1,058 1,212
CACTUS, INC. CLASS A 756 1,109
CADENCE DESIGN SYSTEMS INC 1,946 3,005
CALAMOS MARKET NEUTRAL FD CL I 119,946 130,551
CALRSBERG AS SP ADR REP B 2,048 1,297
CALX NETWORKS INC. 1,129 1,081
CANADIAN IMPERIAL BABANK CT-GE 40,000 53,004
CAP GEMINI SA UNSP/ADR 673 454
CAPITAL ONE FINANCIAL CORP 5,059 9,451
CARLYLE FIN LLC NT CAL 61 - 4. 363 321
CARRIER GLOBAL 4,462 4,983
CASELLA WASTE SYSTEMS INC 398 423
CATERPILLAR INC 2,911 4,353
CELSIUS HLDGS INC 4,123 2,081
CENOVUS ENERGY INC 911 697
CENTERPOINT ENERGY 2,465 2,697
CHARLES RIV LABORATORIES INTL 1,645 1,477
CHEMED CORP 952 1,060
CHEVRON CORP 3,254 3,911
CHEWY INC 1,309 1,675
CHINA CONSTRUCT UNSPON ADR 1,470 1,760
CHINA MENGNIU DAIRY COMPANY AD 782 801
CHINA SHENHUA ADR 478 531
CHIPOTLE MEX GRILL 1,136 2,111
CHOICE HOTELS INTERNATIONAL IN 1,590 1,846
CHUBB LIMITED 775 1,382
CISCO SYSTEMS INC 850 1,006
CLEAR CHANNEL COMMUNICATIONS 2,697 2,470
CLOUDFLARE, INC. 825 754
CME GROUP, INC 4,437 4,877
CMS ENERGY CORP 5.875 NTS 79 5 1,719 1,619
COHEN & STEERS PREFERRED SECUR 46,426 47,707
COMMERCE BANCSHARES, INC 3,562 3,676
COMPAGNIE FINANCIERE RICHEMONT 4,142 5,617
CONFLUENT, INC 2,397 2,740
CONOCOPHILLIPS 612 595
CONSTELLATION BRANDS INC 4,697 4,641
COOPER COMPANIES INC 5,522 5,424
COREBRIDGE FINANCIAL INC CAL 6 920 918
CORNING INC 1,883 2,471
CORTEVA INC 9,746 9,057
COSTAR GROUP, INC 2,596 2,577
COSTCO WHOLESALE CORPORATION 967 1,833
COTERRA ENERGY INC 7,243 6,232
COUPANG ORD SHS CL A 618 571
CREDICORP LTD 806 1,100
CULLEN FROST BANKERS INC 5,457 5,236
CURTISS WRIGHT CP 642 1,774
CYBERARK SOFTWARE LTD 1,264 1,666
DAIKIN INDS LTD ADR 925 629
DANAHER CORP 14,041 14,003
DATADOG INC 2,826 2,858
DBRG-PJ 566 596
DBS GROUP HLDGS SPON ADR 1,819 2,561
DELL TECHNOLOGIES INC CLASS C 1,926 2,651
DENALI THERAPEUTICS 604 448
DEXCOM, INC 2,218 1,478
DFA U.S. SMALL CAP VALUE PORTF 75,771 79,558
DIAGEO PLC ADS 1,359 1,271
DINO POLSKA UNSPONSORED POLAND 908 1,132
DNB BANK ASA 762 697
DOW INC 641 441
DR. REDDY'S LAB LTD 1,360 1,342
DSV UNSP ADR EACH REPR 0.5 ORD 1,057 1,487
DTE ENERGY JUNIOR SUBORDINATED 623 564
DUOLINGO 1,114 1,945
DUTCH BROS INC 1,405 1,990
DYNATRACE 2,021 2,391
E.L.F. BEAUTY, INC. 344 377
EAST WEST BANCORP, INC 742 1,053
EATON CORP PLC 3,472 7,301
ECOLAB INC 5,523 8,670
EDISON INTL 801 1,118
ELI LILLY & CO 4,958 13,896
ENGIE 1,310 1,743
ENN ENERGY HOLDINGS LIMITED 634 768
ENSTAR GROUP LTD 7.00% SER D 450 366
ENTAIN PLC 774 353
EQT CORPORATION 1,814 3,043
EQUIFAX INC 1,791 2,549
EQUITABLE HLDGS DRC 723 696
EQUITY LIFESTYLE PRP 4,762 4,928
ESSILOR INTL ADR 1,103 1,448
EXPONENT, INC 1,311 1,247
EXXON MOBIL CORP 2,173 2,044
FAIR ISSAC & CO INC 389 1,991
FANUC LIMITED UNSPONSORED 5,270 4,551
FASTENAL COMPANY 788 1,007
FBP VALUE FUND 136,357 136,846
FEDEX CORPORATION 2,187 2,251
FIRSTRAND LTD 990 791
FLUOR CORP 767 1,529
FLUTTER ENTMT PLC ADR 959 1,292
FLYWIRE CORP 764 660
FOMENTO ECONOMICO MEXICANO 3,941 4,702
FORMFACTOR INC. 1,007 968
FORTIVE CORPORATION 1,181 1,200
FREEPORT-MCMORAN COPPER & GOLD 552 457
FRESHPET INC 933 2,814
FUCHS PETROLUB SE 1,394 1,943
FUJITSU LTD ADR OTC 974 1,036
GALAXY ENTMT GROUP UNSPONSORED 981 819
GALLAGHER ARTHUR J & CO 2,686 3,122
GATES INDUSTRIAL CORPORATION P 537 597
GATEWAY FUND CLASS Y 182,258 253,011
GE VERNOVA 1,874 4,276
GEN DYNAMICS CP 6,686 7,114
GENERAL ELECTRIC CO 2,868 2,669
GENERAL MILLS INC 807 765
GLOBANT SA 765 858
GODADDY INC 378 987
GOLDMAN SACHS GQG PARTNERS INT 88,356 112,005
GRAB HOLDINGS 899 1,274
GRAIL, INC 235 286
GRANT PARK ALTERNATIVE STRAT F 168,352 164,185
GROUPE DANONE ADS 5,733 6,775
GRUPO FIN ADR 665 546
GUARDANT HEALTH INC 451 764
HALEON PLC 2,698 3,539
HDFC BANK LTD ADR 2,922 3,001
HEINEKEN N V S ADR 1,971 1,486
HENKEL KGAA ADR 2,460 2,912
HENRY JACK & ASSOC INC 1,921 1,928
HERMES INTL 10 ADR 586 1,195
HILTON WORLDWIDE HOLDINGS, INC 909 1,236
HITACHI LTD 921 1,929
HOME DEPOT INC 4,252 5,835
HONEYWELL INTL 5,483 6,777
HONG KONG EX&CL UNSP/ADR 3,072 2,702
HONGKONG LAND HLDGS 2,940 2,954
HP INC 1,609 1,436
HUBBELL INCORPORATED 1,564 1,676
HUBSPOT INC 1,686 2,787
IBERDROLA ADR 1,817 2,040
ICICI BK LTD ADS 4,991 6,450
ILLINOIS TOOL WORKS 1,408 2,282
ILLUMINA INC COM 910 1,336
IMPERIAL BRANDS PL 1,187 1,763
IMPERIAL OIL LMT 6,221 8,131
INDUSTRIA DE DISENO 1,133 2,296
INFOSYS TECH LTD SPD ADR 1,480 1,447
INSMED INC COM DE 578 2,002
INSPIRE MEDICAL SYSTEMS 2,835 3,337
INTERACTIVE BROKERS GROUP, INC 994 2,827
INTUIT 2,758 4,400
INTUITIVE SURGICAL 4,890 7,307
IRHYTHM TECHNOLOGIES INC 1,633 1,803
ISHARES MSCI USA MIN VOLATILIT 49,846 83,462
ISHARES RUSSELL 2000 24,412 39,331
ITAU UNIBANCO HOLDING S.A 2,104 2,158
ITOCHU CORP ADR OTC 1,144 1,281
JARDINE MATHESON UNS/ADR 4,002 3,277
JFROG 1,290 1,294
JIANGSU EXPRESS CO SPON ADR 603 698
JOHNSON & JOHNSON 3,035 2,892
JP MORGAN CHASE 9,330 15,102
JP MORGAN CHASE & CO PFD SER D 2,424 2,441
JPMORGAN CHASE & CO 4.550% PFD 1,956 1,986
JPMORGAN CHASE & CO 6 DEP NCM 1,540 1,526
JPMORGAN CHASE 4.625% PFD SER 1,514 1,541
JPMORGAN PFD SER MM 04.200% PE 1,408 1,398
KASPI.KZ JOINT STOCK CO 453 474
KERING UNSPON ADR EA REPR 0.1 1,588 616
KEURIG DR PEPPER INC 2,411 2,184
KEYCORP SER H 6.2% 533 585
KINDER MORGAN INC 1,112 1,726
KKR & CO INC 3,259 4,881
KKRS 596 567
KLA TENCOR CORP 3,121 3,151
KLAVIYO INC 2,039 3,423
KOC HOLDINGS AS UNSP/ADR 1,009 937
KOMATSU LTD 2,368 2,814
KON KPN NV SPON ADR REP 1 ORD 1,245 1,382
KOOKMIN BANK 2,392 2,561
LEGRAND INC 1,487 1,757
LENNAR CORP 4,505 8,455
LENNOX INTL INC 1,415 3,047
LIBERTY MEDIA CORPORATION - SE 913 1,668
LINCOLN NATL CORP SER D 9.0% 880 876
LINDE PLC COM 2,530 3,349
LIVE NATION INC COM 668 1,036
LLOYDS BANKING GROUP PLC 2,271 2,799
LOCKHEED MARTIN CORP 2,252 2,916
LONDON STK EXCHANGE GROUP 2,050 2,534
LONGFOR PROPERTIES UNSP ADR 1,093 519
LOWES COMPANIES INC 8,422 9,625
LPL FINANCIAL HOLDINGS INC 1,213 2,612
LULULEMON ATHLETICA INC 1,154 1,530
LVMH MOET HENN UNSP 4,691 3,921
LYONDELLBASELL INDUSTRIES NV 936 743
M&T BANK CORP PREFERRED J 7.5% 949 985
MAKEMYTRIP LIMITED 526 1,347
MARSH AND MCLENNAN COMPANIES I 2,424 4,461
MARTIN MARIETTA MATLS INC 4,946 7,748
MARVELL TECHNOLOGY, INC 2,815 6,185
MASTERCARD INC 645 1,053
MCDONALD'S CORP 7,974 9,566
MEDTRONIC PLC 4,419 4,234
MEITUAN DIANPING UNSPONSORED A 631 776
MERCK & CO INC 15,717 15,419
MERCK KGAA SPON ADR EACH REPR 960 830
META PLATFORMS INC 1,979 4,684
METLIFE INC 5.62500% PFD 573 565
METLIFE INC PFD SER F 482 475
MGRE 584 566
MICHELIN CIE GEN UNSP/ADR 3,639 5,245
MICROCHIP TECHNOLOGY INC 6,000 5,563
MICRON TECHNOLOGY 5,022 4,124
MICROSOFT CORP 25,762 40,043
MITSUBISHI ELEC UNSP/ADR 3,604 4,981
MITSUBISHI UFJ FINANCIAL GROUP 2,224 5,743
MITSUI & COMPANY, LTD. - ADR 900 833
MONDAY.COM LTD 1,664 1,884
MONDELEZ INTERNATIONAL INC 5,184 5,137
MONGODB INC CL A 560 466
MONOLITHIC POWER SYSTEMS, INC 1,627 2,367
MORGAN STANLEY 4,848 7,166
MORGAN STANLEY - 6.375% PFD CL 1,650 1,632
MORGAN STANLEY 4.250% DP PFD 966 939
MORGAN STANLEY 6.5% DP SH PFD 1,034 1,029
MORGAN STANLEY 6.625 PFD SER Q 1,468 1,485
MORGAN STANLEY PFD K 1,851 1,801
MORGAN STANLEY PFD SER E - 7.1 667 631
MORGAN STANLEY PFD SER F - 6.8 1,620 1,587
MORNINGSTAR, INC 833 1,347
MOTOROLA SOLUTIONS INC 658 924
MS&AD INS GROUP ADR 2,746 5,355
MSCI INC 1,385 1,800
NASPERS LTD N SPONS ADR 2,783 3,464
NATERA INC 1,094 2,691
NATIONAL STORAGE AFFILIATES TR 634 598
NESTLE S.A 7,483 5,474
NETFLIX INC 1,022 2,674
NEW ORIENTAL ED & TECHNOLOGY G 928 706
NEWMONT GOLDCORP CORPORATION 2,522 2,605
NEXTERA ENERGY PFD - 5.650% - 701 650
NEXTERA ENERGY, INC 9,242 8,603
NIHON KOHDEN CORP UNSPONSORED 1,880 2,095
NIKE INC-CL B 621 454
NINTENDO CO LTD ADR UNSPON 806 863
NORDSON CP 1,822 1,883
NORFOLK SOUTHERN CORP 928 939
NORTHEAST UTIL 374 425
NORTHROP GRUMMAN CORP 1,427 1,408
NOVO NORDISK A S 1,740 2,495
NUTRIEN LTD 3,579 2,059
NVIDIA CORP 3,423 20,681
OCEANEERING INTL INC 1,109 1,278
ODD 254 252
OLD DOMINION FREIGHT LINE 2,868 2,646
OLLIES BARGAIN OUTLET HOLDINGS 1,631 2,304
ON SEMICONDUCTOR 460 441
ONEOK INC 1,562 1,908
ONTO INNOVATION 724 667
OPPENHEIMER RUSSELL 1000 DYNAM 72,817 83,947
ORKLA ASA SPON ADR 2,494 2,797
OSHKOSH CORP 3,328 3,993
PACIFIC BIOSCIENCES OF CALIF 1,255 414
PARKER HANNIFIN CP 6,315 13,357
PAYCHEX 2,950 4,347
PBF ENERGY INC 834 584
PEPSICO INC 5,019 5,170
PERNOD RICARD S A SPONSORED AD 2,248 1,371
PETROLEO BRASILEIRO 1,228 1,093
PFIZER INC 771 424
PHILIP MORRIS INTL 7,090 8,425
PHILLIPS 66 2,627 2,620
PINDUODUO INC 811 582
PING AN INSURANCE GROUP ADR 1,181 989
PINTEREST INC 1,545 1,247
PLANET FITNESS INC 1,329 2,274
PNC FINANCIAL GROUP INC 9,300 11,571
POOL CORP 3,591 3,409
POSCO 1,537 997
POWER CORPORATION OF CANADA 2,755 3,276
PPL CORPORATION 2,367 2,564
PRIO SA UNSPONSORED AOR 1,180 798
PRIVIA HEALTH GROUP INC 1,447 1,114
PROCEPT BIOROBOTICS 233 403
PROCTER GAMBLE CO 13,640 16,765
PROGRESSIVE CORP OHIO 3,140 3,594
PROLOGIS 1,623 1,480
PROSUS NV ADR 6,090 8,567
PT BANK RAKYAT ADR 592 459
PUBLIC STORAGE PFD 4.875% SER 813 758
PUBLIC STORAGE PFD SER A 6.125 2,202 2,105
PURE STORAGE INC 1,006 1,229
QUALCOMM INC 7,500 9,832
RAMBUS, INC 1,660 1,533
RAYTHEON TECHNOLOGIES CORP 3,560 4,397
REALTY INCOME CORP 3,533 2,884
RECKITT BENCKISER GROUP 5,815 4,988
REDDIT, INC 665 2,288
REGENERON PHARMACEUTICALS INC 1,488 1,425
REGIONS FINANCIAL SER C 424 412
REINSURANCE GRP OF AMERICA INC 567 568
RELX PLC 946 1,635
RENAISSANCERE HLDGS PG SER G 1 766 696
RENAULT SA 459 682
REPLIGEN CORP 2,817 2,735
RESTAURANT BRANDS INTL 416 521
REXFORD INDUSTRIAL REALTY INC 1,457 1,160
ROCKWELL AUTOMATION INC 3,204 3,429
ROLLINS INC 1,389 1,900
ROLLS ROYCE GRP PLC S/ADR 710 960
ROYAL CARRIBEAN CRUISE 547 1,615
RPM INTERNATIONAL INC 5,111 7,014
RYANAIR HOLDINGS PLC-ADR COM 1,861 1,613
SAFRAN SA - UNSPON ADR 882 1,744
SAIA, INC 1,094 1,823
SALESFORCE.COM 4,809 5,684
SANOFI-AVENTIS SPONSORED ADR 3,162 2,942
SAP AKTIENGESELL ADS 2,702 4,432
SAREPTA THERAPEUTICS INC 1,841 2,675
SCE TRUST IV NEW MONEY PFD SER 621 638
SCE TRUST IV PFD K 728 738
SCEPRM(OLD) 1,433 1,422
SCHLUMBERGER LTD 1,050 1,189
SCHNEIDER ELEC UNSP/ADR 1,364 1,688
SCOTTS CO. CLASS A 2,344 1,128
SECOM CO LTD ADR OTC 4,469 4,911
SEMPRA ENERGY COM 2,786 3,772
SEMPRA ENERGY PRFD CL A 1,404 1,362
SERVICE NOW 2,160 4,240
SGS SA UNSP ADR 1,294 1,478
SHELL ADR EACH REPRESENTING 2 5,910 6,390
SHERWIN-WILLIAMS CO 3,883 3,739
SHIMANO INC UNSP ADR EACH REPR 4,003 3,372
SHIN-ETSU CHEMICAL C 560 776
SHOPIFY INC 1,725 4,253
SIKA AG BEARER SHS 1,099 873
SINGAPORE TELE ADR 923 1,104
SITEONE LANDSCAPE SUPPLY INC 3,317 3,031
SKECHERS U S A INC CL A 561 605
SMC CORPORATION 3,724 3,159
SODEXHO ALLIANCE SA SP ADR 1,277 1,350
SOMPO JAPAN NIPPONKOA HOLDINGS 2,333 3,979
SONY GROUP CORP 4,741 7,745
SPDR BARCLAYS CAPITAL 1-3 MONT 7,056 7,040
SPDR GOLD SHARES 14,355 20,581
SSE PLC SPON ADR 1,222 917
STARBUCKS CORP COM 5,137 4,928
STEEL DYNAMICS INC 2,509 2,624
STMICROELECTRONICS 664 350
SUZUKI MOTOR CORP UNSP ADR 1,307 1,846
SVENSKA HANDELSBK UNS ADR 1,031 1,232
SYNOPSYS, INC 1,090 971
T-MOBILE US INC 905 883
TAIWAN SEMICONDUCTOR MFG CO LT 11,746 24,686
TC ENERGY CORPORATION 878 1,163
TECHTRONIC INDS SPD ADR 603 590
TELEDYNE TECH INC 7,283 7,890
TENCENT HOLDINGS LIMITED 513 745
TERADYNE INC 1,194 1,637
TESLA MOTORS INC 2,622 4,442
TEXAS INSTRUMENTS INC 5,546 6,563
THE BALDWIN INSURANCE GROUP, I 669 543
THE BLACKSTONE GROUP INC CL A 4,385 8,449
THE CHEFS' WAREHOUSE, INC 730 740
THE COCA-COLA CO 5,487 6,101
THE SOUTHERN COMPANY 1,014 973
THE TRADE DESK INC 776 705
THERMO FISHER SCIENTIFIC INC 2,853 3,121
THOR INDS INC 2,006 1,723
TOKYO ELECTRON LTD 1,563 1,208
TOTALENERGIES SE 9,489 8,230
TPG OPERATING GROUP II, LP 6.9 862 839
TRACTOR SUPPLY CO COM 618 796
TRADEWEB MARKETS INC 473 786
TRANSMEDICS GROUP INC 467 499
TRAVELERS COMPANIES INC 4,190 5,300
TRINITY INDUSTRIES, INC 1,007 1,123
TRIP COM GROUP ADR 1,474 2,197
TRUIST FIN PFD SER R 1,208 1,158
TRUIST FINANCIAL CORPORATION 917 911
TWIST BIOSCIENCE CORP 450 976
UBER 2,028 2,533
ULS 1,763 1,945
ULTRAGENYX PHARMACEUTICAL INC 910 926
UNICREDIT SPA 1,277 1,798
UNILEVER PLC AMER 4,648 5,727
UNITED PARCEL SERVICE 891 757
UNITEDHEALTH GROUP INC 6,068 5,564
UNIVERSAL DISPLAY CORP 2,003 1,316
UOL GROUP 2,064 1,584
US BANCORP 4,824 7,366
US BANCORP DEL SER K PFD - 5.5 600 564
US BANCORP PFD SER M 563 565
VALE SA 3,077 1,472
VANGUARD HEALTH CARE ETF 50,627 75,600
VANGUARD TOTAL BOND MARKET ETF 143,920 124,979
VANGUARD TOTAL INTL BD IDX ETF 281,693 252,803
VANGUARD TOTAL STOCK MARKET ET 69,211 134,471
VERALTO CORPORATION 1,612 2,037
VERISK ANALYTICS, INC 1,537 2,203
VERIZON COMMUNICATIONS 6,554 6,198
VERTEX PHARMCTLS INC 1,219 1,611
VERTIV CL A 1,224 2,045
VICI PROPERTIES INC 3,470 3,447
VISA INC 4,536 6,321
VISTA OIL & GASS AB DEC V SPON 818 1,136
VTMX 759 614
WAL-MART STORES INC 3,155 4,608
WARBY PARKER ORD SHS CLASS A 919 1,332
WATSCO INC 1,421 2,369
WEBSTER FINL CORP 890 1,049
WEC ENERGY GROUP, INC 1,359 1,599
WELLS FARGO & CO 4.700% PFD SE 2,365 2,399
WELLS FARGO & COM 4.25 SER-DD 1,673 1,641
WELLS FARGO COMPANY PREFERRED 2,545 2,530
WELLTOWER INC. 1,374 1,764
WESCO INTL INC PFD SER A 530 510
WEST PHARMA SVCS INC 2,621 2,620
WHEATON PRECIOUS METALS CORP 2,134 3,374
WILLIAMS COS 4,240 6,332
WILLIS TOWERS WATSON 3,442 5,012
WISDOMTREE FLOATING RATE TREAS 120,948 120,817
WORKDAY INC 2,388 2,322
WPP PLC 1,113 925
XCEL ENERGY INC 5,572 6,212
XYLEM INC 7,377 8,934
YUM BRANDS INC 871 939
ZEBRA TECHNOLOGIES CORP 1,754 2,317
ZOETIS INC 858 815
ZURICH INS GROU ADR 767 1,069
ZURN WATER SOLUTIONS 2,341 3,096

TY 2024 InvestmentsGovtObligationsSch
Name:
The Magnon Foundation
EIN:
20-3290595
US Government Securities - End of Year Book Value:

 
US Government Securities - End of Year Fair Market Value:

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


275,463
State & Local Government Securities - End of Year Fair Market Value:


255,605


TY 2024 InvestmentsOtherSchedule2
Name:
The Magnon Foundation
EIN:
20-3290595
Category/ Item Listed at Cost or FMV Book Value End of Year Fair Market Value
IRONWOOD MULTI-STRATEGY FUND L   55,690 57,664

TY 2024 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


TY 2024 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 20,664     20,664
Bank Charges 857 857    
INSURANCE PREMIUMS 2,377     2,377
PROPERTY MAINTENANCE 30,875     30,875
State or Local Filing Fees 50     50
MISC OPERATIONAL EXPENSE 21      


TY 2024 OtherIncomeSchedule2
Name:
The Magnon Foundation
EIN:
20-3290595
Description Revenue And Expenses Per Books Net Investment Income Adjusted Net Income
Class Action Lawsuit Proceeds 6 6  


TY 2024 OtherProfessionalFeesSchedule
Name:
The Magnon Foundation
EIN:
20-3290595
Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
Investment Management Services 23,997 23,997    


TY 2024 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 2024 1,300      
Foreign Tax Paid 1,473 1,473