The New Jersey State Capitol

Form 990-PFTax year 2025EIN 83-2889496

The Peter Magnone Foundation

A private foundation in Fort Lee, NJ. Its return for tax year 2025 lists 2 grants and $65,100 paid in grants.

Tax year 2025 (period ending Dec 31, 2025), read from the IRS e-file on Nov 11, 2026. Returns reach the IRS 5 to 18 months after the year they describe.

How to apply

Accepts applications

The return gives an application contact and rules, as below.

Contact
Sophia Magnone
1034 Edgewood Lane
Fort Lee, NJ 07024
(212) 580-1151
[email protected]
Form and materials
An applicant's backgournd information such as financial statements, brochure, mission statement as well as a letter as to how and for what purpose a grant will be sent are required.
Deadlines
There is no deadline. It is open all year long.
Restrictions
There is no restriction.

Assets and giving by year

7 returns on file
Grants paid by tax year. The latest year is in blue.
  • Tax year 2025

    $65,100

    Grants listed
    2
    Assets, end of year
    $1,372,431
  • Tax year 2024

    $248,000

    Grants listed
    6
    Assets, end of year
    $887,509
  • Tax year 2023

    $3,000

    Grants listed
    1
    Assets, end of year
    $826,699
  • Tax year 2022

    $3,000

    Grants listed
    1
    Assets, end of year
    $686,904
  • Tax year 2021

    $7,000

    Grants listed
    2
    Assets, end of year
    $689,539
  • Tax year 2020

    $33,000

    Grants listed
    2
    Assets, end of year
    $658,455
  • Tax year 2019

    $29,000

    Grants listed
    3
    Assets, end of year
    $689,523

Grants paid in 2025

2 grants, largest first

As listed on the return.

  1. St Rita's Roman Catholic ChurchBronx, NY

    Charitable contribution

    $55,000
  2. Youth Council of Fort LeeFort Lee, NJ

    Contribution to youth council

    $10,100

Where the money goes

By cause: grants to organizations we matched to the IRS list of exempt organizations, by their category.

  1. Human services1 grant $10,100100% of the total

By State

Grants to organizations with a US address, latest year.

  1. New York1 grant $55,000
  2. New Jersey1 grant $10,100

Officers, directors and trustees

1 person as filed

As filed on the return, with average hours per week and pay from the foundation.

  • Sophia MagnonePRESIDENT Hours 1Pay $0

The return

More foundations

Similar foundations

Same main cause (human services), giving between a quarter and four times this foundation’s where possible, nearby first.

  1. The Fredric Mack Family FoundationincFort Lee, NJ 10 grants Preselected only $93,000 giving
  2. Birthright Armenia IncTinton Falls, NJ 43 grants Preselected only $65,012 giving
  3. Sarah Bennett Charitable TrustPennington, NJ 5 grants Preselected only $64,915 giving
  4. Al-Sawwaf Family FoundationEdgewater, NJ 6 grants Accepts applications $65,500 giving
  5. Icap Foundation IncJersey City, NJ 10 grants Accepts applications $68,000 giving