Lawrence M & Kerin C Magdovitz Foundation

Organization Overview

Lawrence M & Kerin C Magdovitz Foundation is located in Cordova, TN. The organization was established in 2015. According to its NTEE Classification (T20) the organization is classified as: Private Grantmaking Foundations, under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Lawrence M & Kerin C Magdovitz Foundation is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.

For the year ending 12/2021, Lawrence M & Kerin C Magdovitz Foundation generated $170.1k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 5 years, the organization has seen revenues fall by an average of (23.9%) each year. All expenses for the organization totaled $84.2k during the year ending 12/2021. You can explore the organizations financials more deeply in the financial statements section below.

Since 2017, Lawrence M & Kerin C Magdovitz Foundation has awarded 45 individual grants totaling $554,564. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.

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Financial Statements

Statement of Revenue
Contributions, Gifts, Grants & Similar $0
Interest on Savings $362
Dividends & Interest $13,114
Net Rental Income$38,922
Net Gain on Sale of Assets $75,986
Capital Gain Net Income $75,986
Net ST Capital Gain $4,031
Income Modifications $0
Profit on Inventory Sales $0
Other Income $0
Total Revenue $170,093

Grants Awarded

Over the last fiscal year, Lawrence M & Kerin C Magdovitz Foundation has awarded $40,264 in support to 7 organizations.

Grant RecipientAmount

MEMPHIS INNER CITY RUGBY

Org PageRecipient Profile

Nashville, TN

PURPOSE: TO FURTHER THE GROWTH AND DEVELOPEMENT, EDUCATION, AND FINANCIAL SUPPORT OF VARIOUS CHARITIES

$13,182

LAUSANNE COLLEGIATE SCHOOL

Org PageRecipient Profile

Memphis, TN

PURPOSE: TO FURTHER THE GROWTH AND DEVELOPEMENT, EDUCATION, AND FINANCIAL SUPPORT OF VARIOUS CHARITIES

$7,498

CHABAD OF TENNESSEE

PURPOSE: TO FURTHER THE GROWTH AND DEVELOPEMENT, EDUCATION, AND FINANCIAL SUPPORT OF VARIOUS CHARITIES

$5,000

WREG

PURPOSE: TO FURTHER THE GROWTH AND DEVELOPEMENT, EDUCATION, AND FINANCIAL SUPPORT OF VARIOUS CHARITIES

$4,800

COMMUNITY FOUNDATION OF NW MISSISSI

PURPOSE: TO FURTHER THE GROWTH AND DEVELOPEMENT, EDUCATION, AND FINANCIAL SUPPORT OF VARIOUS CHARITIES

$4,500

MIDSOUTH FOOD BANK

Org PageRecipient Profile

Memphis, TN

PURPOSE: TO FURTHER THE GROWTH AND DEVELOPEMENT, EDUCATION, AND FINANCIAL SUPPORT OF VARIOUS CHARITIES

$4,234
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