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THE MAGID FOUNDATION
Low
Annual Giving
$500K
Grant Range
$10K – $5.0M
Tips for Applicants
As a corporate foundation with general community focus, approach with well-structured proposals demonstrating clear community impact. Since no specific focus area is publicly stated, emphasise the charitable nature of your organisation and how funding will benefit the general community. Keep applications concise and focus on measurable outcomes.
Giving Philosophy
The foundation operates as a corporate foundation with a general community focus, supporting charitable causes across multiple sectors. As a mid-sized giver with broad community beneficiaries, it likely seeks to make meaningful impact through flexible giving to organisations addressing community needs.
ACNC Financial History
| Year | Grants Given | Revenue | Total Assets | Net Assets |
|---|---|---|---|---|
| FY2023 | $1.1M | $1.0M | $10.9M | $10.9M |
| FY2022 | $878K | $4.0M | $11.0M | $11.0M |
| FY2021 | $1.0M | $310K | $16.2M | $16.2M |
| FY2020 | $1.2M | $989K | $14.0M | $14.0M |
| FY2019 | $2.2M | $624K | $15.1M | $15.1M |
| FY2018 | $1.7M | $4.8M | $18.4M | $18.4M |
| FY2017 | $602K | $10.3M | $13.6M | $13.6M |
| 7yr total | $8.7M | Source: ACNC Annual Information Statements | ||
Focus Areas
Geographic
AU-National
Recipients
community
Financial Details
Source of Wealth
Corporate foundation - wealth derived from business activities associated with the Magid family or related corporate entities.
Board & Leadership
Linked from structured person roles rather than unstructured foundation summary text.
Data Sources
Profile quality: low
Foundation profile updated: 10 March 2026 (100 days ago)
Added: 27 February 2026 (110 days ago)
View on ACNC Register →