﻿<?xml version="1.0" encoding="utf-8"?>
<Return xmlns="http://www.irs.gov/efile" xmlns:xsi="http://www.w3.org/2001/XMLSchema-instance" xsi:schemaLocation="http://www.irs.gov/efile" returnVersion="2012v2.1">
  <ReturnHeader binaryAttachmentCount="0">
    <Timestamp>2013-10-25T10:19:03-05:00</Timestamp>
    <TaxPeriodEndDate>2012-12-31</TaxPeriodEndDate>
    <PreparerFirm>
      <EIN>134200651</EIN>
      <PreparerFirmBusinessName>
        <BusinessNameLine1>GANER GANER PLLC</BusinessNameLine1>
      </PreparerFirmBusinessName>
      <PreparerFirmUSAddress>
        <AddressLine1>1995 BROADWAY 16TH FLOOR</AddressLine1>
        <City>NEW YORK</City>
        <State>NY</State>
        <ZIPCode>10023</ZIPCode>
      </PreparerFirmUSAddress>
    </PreparerFirm>
    <ReturnType>990</ReturnType>
    <TaxPeriodBeginDate>2012-01-01</TaxPeriodBeginDate>
    <Filer>
      <EIN>450573269</EIN>
      <Name>
        <BusinessNameLine1>MAGNUM CULTURAL FOUNDATION</BusinessNameLine1>
        <BusinessNameLine2>D/B/A THE MAGNUM FOUNDATION</BusinessNameLine2>
      </Name>
      <NameControl>MAGN</NameControl>
      <Phone>2122191248</Phone>
      <USAddress>
        <AddressLine1>PO BOX 300</AddressLine1>
        <City>NEW YORK</City>
        <State>NY</State>
        <ZIPCode>10276</ZIPCode>
      </USAddress>
    </Filer>
    <Officer>
      <Name>SUSAN MEISELAS</Name>
      <Title>PRESIDENT AND DIRECTOR</Title>
      <Phone>2122191248</Phone>
      <DateSigned>2013-10-24</DateSigned>
      <AuthorizeThirdParty>1</AuthorizeThirdParty>
    </Officer>
    <Preparer>
      <Name>MAXINE GANER</Name>
      <PTIN>P00290592</PTIN>
      <Phone>2128731472</Phone>
      <DatePrepared>2013-10-24</DatePrepared>
    </Preparer>
    <TaxYear>2012</TaxYear>
    <BuildTS>2016-03-07 17:11:31Z</BuildTS>
  </ReturnHeader>
  <ReturnData documentCount="6">
    <IRS990 documentId="RetDoc1038000001" referenceDocumentId="RetDoc1044400001">
      <DoingBusinessAs>
        <BusinessNameLine1>THE MAGNUM FOUNDATION</BusinessNameLine1>
      </DoingBusinessAs>
      <NameOfPrincipalOfficerPerson>SUSAN MEISELAS</NameOfPrincipalOfficerPerson>
      <AddressPrincipalOfficerUS>
        <AddressLine1>PO BOX 300</AddressLine1>
        <City>NEW YORK</City>
        <State>NY</State>
        <ZIPCode>10276</ZIPCode>
      </AddressPrincipalOfficerUS>
      <GrossReceipts>747114</GrossReceipts>
      <GroupReturnForAffiliates>0</GroupReturnForAffiliates>
      <Organization501c3>X</Organization501c3>
      <WebSite>MAGNUMFOUNDATION.ORG</WebSite>
      <TypeOfOrganizationOther>X</TypeOfOrganizationOther>
      <TypeOfOrgOtherDescription>FOUNDATION</TypeOfOrgOtherDescription>
      <YearFormation>2007</YearFormation>
      <StateLegalDomicile>NY</StateLegalDomicile>
      <ActivityOrMissionDescription>THE MAGNUM CULTURAL FOUNDATION AIMS TO FOSTER PUBLIC EDUCATION AND AWARENESS BY STUDYING, PERSERVING, OWNING, EXHIBITING, HONORING,&amp; TEACHING ABOUT PHOTOGRAPHIC TECHNIQUES,PROCESSES, MATERIALS AND PROPERTIES. THE FOUNDATION'S MISSION INCLUDES:(1)PROVIDING FINANCIAL SUPPORT TO PHOTOGRAPHERS TO DOCUMENT ISSUES OF LOCAL,NATIONAL, OR GLOBAL CONCERN BEFORE THEY REACH CRISIS PROPORTIONS, WITH A FOCUS ON SUBJECTS THAT HAVE NOT RECEIVED THE ATTENTION THEY DESERVE.(2)INCREASING THE IMPACT OF DOCUMENTARY PHOTOGRAPHY BY CONNECTING. PHOTOGRAPHERS AND THEIR WORK WITH NONPROFIT ORGANIZATIONS AND INDIVIDUALS COMMITTED TO SOCIAL CHANGE. (3)TRAINING THE NEXT GENERATION OF IMAGE-MAKERS AND MAKING AWARDS TO OUTSTANDING YOUNG PHOTOGRAPHERS COMMITTED TO DOCUMENTARY WORK.(4)PRESERVING AND MAKING ACCESSIBLE SIGNIFICANT DOCUMENTARY COLLECTIONS FROM THE PAST THAT ARE ESPECIALLY VALUABLE FOR UNDERSTANDING THE HISTORY OF EXPRESSION.</ActivityOrMissionDescription>
      <NbrVotingMembersGoverningBody>9</NbrVotingMembersGoverningBody>
      <NbrIndependentVotingMembers>0</NbrIndependentVotingMembers>
      <TotalNbrEmployees>1</TotalNbrEmployees>
      <TotalNbrVolunteers>0</TotalNbrVolunteers>
      <TotalGrossUBI>0</TotalGrossUBI>
      <NetUnrelatedBusinessTxblIncome>0</NetUnrelatedBusinessTxblIncome>
      <ContributionsGrantsPriorYear>715992</ContributionsGrantsPriorYear>
      <ContributionsGrantsCurrentYear>746255</ContributionsGrantsCurrentYear>
      <ProgramServiceRevenuePriorYear>0</ProgramServiceRevenuePriorYear>
      <ProgramServiceRevenueCY>0</ProgramServiceRevenueCY>
      <InvestmentIncomePriorYear>3374</InvestmentIncomePriorYear>
      <InvestmentIncomeCurrentYear>859</InvestmentIncomeCurrentYear>
      <OtherRevenuePriorYear>1750</OtherRevenuePriorYear>
      <OtherRevenueCurrentYear>0</OtherRevenueCurrentYear>
      <TotalRevenuePriorYear>721116</TotalRevenuePriorYear>
      <TotalRevenueCurrentYear>747114</TotalRevenueCurrentYear>
      <GrantsAndSimilarAmntsPriorYear>0</GrantsAndSimilarAmntsPriorYear>
      <GrantsAndSimilarAmntsCY>0</GrantsAndSimilarAmntsCY>
      <BenefitsPaidToMembersPriorYear>0</BenefitsPaidToMembersPriorYear>
      <BenefitsPaidToMembersCY>0</BenefitsPaidToMembersCY>
      <SalariesEtcPriorYear>26361</SalariesEtcPriorYear>
      <SalariesEtcCurrentYear>48425</SalariesEtcCurrentYear>
      <TotalProfFundrsngExpPriorYear>0</TotalProfFundrsngExpPriorYear>
      <TotalProfFundrsngExpCY>0</TotalProfFundrsngExpCY>
      <TotalFundrsngExpCurrentYear>17251</TotalFundrsngExpCurrentYear>
      <OtherExpensePriorYear>619826</OtherExpensePriorYear>
      <OtherExpensesCurrentYear>564070</OtherExpensesCurrentYear>
      <TotalExpensesPriorYear>646187</TotalExpensesPriorYear>
      <TotalExpensesCurrentYear>612495</TotalExpensesCurrentYear>
      <RevenuesLessExpensesPriorYear>74929</RevenuesLessExpensesPriorYear>
      <RevenuesLessExpensesCY>134619</RevenuesLessExpensesCY>
      <TotalAssetsBOY>760806</TotalAssetsBOY>
      <TotalAssetsEOY>873825</TotalAssetsEOY>
      <TotalLiabilitiesBOY>43391</TotalLiabilitiesBOY>
      <TotalLiabilitiesEOY>21791</TotalLiabilitiesEOY>
      <NetAssetsOrFundBalancesBOY>717415</NetAssetsOrFundBalancesBOY>
      <NetAssetsOrFundBalancesEOY>852034</NetAssetsOrFundBalancesEOY>
      <InfoInScheduleOPartIII>X</InfoInScheduleOPartIII>
      <MissionDescription>THE FOUNDATION'S MISSION INCLUDES PROVIDING FINANCIAL SUPPORT TO PHOTOGRAPHERS TO DOCUMENT ISSUES OF LOCAL, NATIONAL, OR GLOBAL CONCERN BEFORE THEY REACH CRISIS PROPORTIONS, WITH A FOCUS ON SUBJECTS THAT HAVE NOT RECEIVED THE ATTENTION THEY DESERVE.</MissionDescription>
      <SignificantNewProgramServices>0</SignificantNewProgramServices>
      <SignificantChange>0</SignificantChange>
      <Expense>193384</Expense>
      <Revenue>225979</Revenue>
      <Description>EMERGENCY FUND: THE EMERGENCY FUND SUPPORTS EXPERIENCED PHOTOGRAPHERS WITH A COMMITMENT TO DOCUMENTING SOCIAL ISSUES, WORKING LONG-TERM, AND ENGAGING WITH AN ISSUE OVER TIME. PROJECTS ADDRESS CRITICAL GLOBAL ISSUES THAT HAVE NOT RECEIVED THE ATTENTION THEY DESERVE, OR BUDDING CRISES THAT ARE STILL OVER THE HORIZON. PHOTOGRAPHERS RETAIN THE COPYRIGHT TO THEIR WORK AND DISTRIBUTE IT WIDELY: THROUGH TRADITIONAL AND NEW MEDIA, IN COLLABORATION WITH NONPROFITS OR NGOS, AND ON THE EMERGENCY FUND WEBSITE.EACH YEAR, A DIVERSE GROUP OF PHOTOGRAPHY PROFESSIONALS NOMINATE 100 PROFESSIONAL PHOTOGRAPHERS TO SUBMIT PROPOSALS. AN INDEPENDENT EDITORIAL BOARD SELECTS 10 TO 20 PHOTOGRAPHERS BASED ON THE STRENGTH OF THEIR PROPOSALS AND THE IMPORTANCE OF THE ISSUES THEY PROPOSE TO ADDRESS TO SUPPORT.</Description>
      <Activity2>
        <Expense>49985</Expense>
        <Revenue>75114</Revenue>
        <Description>BE SEEN:OVER MANY DECADES, MAGNUM PHOTOS HAS COLLABORATED WITH HUMAN RIGHTS AND HUMANITARIAN AID ORGANIZATIONS TO GROUND THEIR REPORTS AND CAMPAIGNS IN IMAGES THAT VIVIDLY CAPTURE WHAT IS AT STAKE AND, EQUALLY IMPORTANT, WHAT IS POSSIBLE THROUGH EFFECTIVE INTERVENTIONS AND REFORMS.TO MEET THE CURRENT DEMAND FROM NONPROFITS FOR VISUAL RESOURCES AND ASSISTANCE, AND TO SERVE A GREATER NUMBER AND VARIETY OF NONPROFITS AND INDIVIDUAL AGENTS OF CHANGE WORLDWIDE, THE MAGNUM FOUNDATION CREATED BE SEEN. THE PROGRAM TAPS MAGNUM PHOTO'S VAST IMAGE LIBRARY, AND DRAWS ON DECADES OF EXPERIENCE USING THE POWER OF VISUAL RESOURCES TO CREATE TIPPING POINTS OF PERCEPTION, BECAUSE IN TODAY'S WORLD, THE ABILITY TO MAKE A DIFFERENCE MAY HINGE ON THE ABILITY TO BE SEEN.</Description>
      </Activity2>
      <Activity3>
        <Expense>85187</Expense>
        <Revenue>82500</Revenue>
        <Description>HUMAN RIGHTS FELLOWSHIP: THE HUMAN RIGHTS FELLOWSHIP SUPPORTS 5 INDIVIDUALS TO COMPLETE THE 6-WEEK SUMMER PROGRAM, PHOTOGRAPHY AND HUMAN RIGHTS, AT THE TISCH SCHOOL OF THE ARTS AT NEW YORK UNIVERSITY, HOUSING, TRAVEL, AND LIVING EXPENSES. THE FELLOWSHIP IS FOR INDIVIDUALS SEEKING TO DEEPEN THEIR DOCUMENTARY PHOTOGRAPHY PRACTICE OF HUMAN RIGHTS, WHO HAVE NOT PREVIOUSLY HAD THE BENEFIT OF EXTENSIVE ADVANCED STUDY IN THIS FIELD. THE FIVE MAGNUM FOUNDATION HUMAN RIGHTS FELLOWSHIPS ARE OPEN TO APPLICANTS WHO PERMANENTLY RESIDE OUTSIDE OF NORTH AMERICA AND WESTERN EUPROPE. INDIVIDUALS WHO LIVE AND WORK IN NORTH AMERICA OR WESTERN EUROPE MAY STILL APPLY TO THE PROGRAM, BUT ARE NOT ELIGIBLE FOR THESE HUMAN RIGHTS FELLOWSHIPS. ALL APPLICANTS MUST BE ABLE TO SPEAK AND WRITE IN ENGLISH.</Description>
      </Activity3>
      <ActivityOther>
        <Expense>136034</Expense>
        <Revenue>362662</Revenue>
        <Description>VARIOUS PROGRAMS</Description>
      </ActivityOther>
      <TotalOfOtherProgramServiceExp>136034</TotalOfOtherProgramServiceExp>
      <TotalOfOtherProgramServiceRev>362662</TotalOfOtherProgramServiceRev>
      <TotalProgramServiceExpense>464590</TotalProgramServiceExpense>
      <DescribedIn501C3 referenceDocumentId="RetDoc1039100001">1</DescribedIn501C3>
      <ScheduleBRequired referenceDocumentId="RetDoc1234500001">1</ScheduleBRequired>
      <PoliticalActivities>0</PoliticalActivities>
      <LobbyingActivities>0</LobbyingActivities>
      <SubjectToProxyTax>0</SubjectToProxyTax>
      <DonorAdvisedFunds referenceDocumentId="RetDoc1040000001">0</DonorAdvisedFunds>
      <ConservationEasements referenceDocumentId="RetDoc1040000001">0</ConservationEasements>
      <CollectionsOfArt referenceDocumentId="RetDoc1040000001">1</CollectionsOfArt>
      <CreditCounseling referenceDocumentId="RetDoc1040000001">0</CreditCounseling>
      <TermOrPermanentEndowments referenceDocumentId="RetDoc1040000001">0</TermOrPermanentEndowments>
      <ReportLandBldgEquip referenceDocumentId="RetDoc1040000001">1</ReportLandBldgEquip>
      <ReportInvestOthSecurities referenceDocumentId="RetDoc1040000001">0</ReportInvestOthSecurities>
      <ReportProgRelInvest referenceDocumentId="RetDoc1040000001">0</ReportProgRelInvest>
      <ReportOtherAssets referenceDocumentId="RetDoc1040000001">1</ReportOtherAssets>
      <ReportOtherLiabilities referenceDocumentId="RetDoc1040000001">0</ReportOtherLiabilities>
      <ReportFin48Footnote referenceDocumentId="RetDoc1040000001">0</ReportFin48Footnote>
      <IndependentAuditFinancialStmt referenceDocumentId="RetDoc1040000001">0</IndependentAuditFinancialStmt>
      <ConsolidatedAuditFinancialStmt referenceDocumentId="RetDoc1040000001">0</ConsolidatedAuditFinancialStmt>
      <School>0</School>
      <ForeignOffice>0</ForeignOffice>
      <ForeignActivities>0</ForeignActivities>
      <MoreThan5000KToOrganizations>0</MoreThan5000KToOrganizations>
      <MoreThan5000KToIndividuals>0</MoreThan5000KToIndividuals>
      <ProfessionalFundraising>0</ProfessionalFundraising>
      <FundraisingActivities>0</FundraisingActivities>
      <Gaming>0</Gaming>
      <Hospital>0</Hospital>
      <GrantsToOrganizations>0</GrantsToOrganizations>
      <GrantsToIndividuals>0</GrantsToIndividuals>
      <ScheduleJRequired>0</ScheduleJRequired>
      <TaxExemptBonds>0</TaxExemptBonds>
      <ExcessBenefitTransaction>0</ExcessBenefitTransaction>
      <PriorExcessBenefitTransaction>0</PriorExcessBenefitTransaction>
      <LoanToOfficerOrDQP>0</LoanToOfficerOrDQP>
      <GrantToRelatedPerson>0</GrantToRelatedPerson>
      <BsnssRltnshpWithOrganization>0</BsnssRltnshpWithOrganization>
      <BsnssRltnshpThruFamilyMember>0</BsnssRltnshpThruFamilyMember>
      <OfficerEntityWithBsnssRltnshp>0</OfficerEntityWithBsnssRltnshp>
      <DeductibleNonCashContributions referenceDocumentId="RetDoc1042900001">1</DeductibleNonCashContributions>
      <DeductibleContributionsOfArt referenceDocumentId="RetDoc1042900001">0</DeductibleContributionsOfArt>
      <Terminated>0</Terminated>
      <PartialLiquidation>0</PartialLiquidation>
      <DisregardedEntity>0</DisregardedEntity>
      <RelatedEntity>0</RelatedEntity>
      <RelatedOrgControlledEntity>0</RelatedOrgControlledEntity>
      <TransfersToExemptNonChrtblOrg>0</TransfersToExemptNonChrtblOrg>
      <ActivitiesConductedPartnership>0</ActivitiesConductedPartnership>
      <ScheduleORequired>1</ScheduleORequired>
      <NumberFormsTransmittedWith1096>0</NumberFormsTransmittedWith1096>
      <NumberW2GIncluded>0</NumberW2GIncluded>
      <NumberOfEmployees>1</NumberOfEmployees>
      <EmploymentTaxReturnsFiled>0</EmploymentTaxReturnsFiled>
      <UnrelatedBusinessIncome>0</UnrelatedBusinessIncome>
      <ForeignFinancialAccount>0</ForeignFinancialAccount>
      <ProhibitedTaxShelterTrans>0</ProhibitedTaxShelterTrans>
      <TaxablePartyNotification>0</TaxablePartyNotification>
      <NonDeductibleContributions>0</NonDeductibleContributions>
      <IndoorTanningServices>0</IndoorTanningServices>
      <InfoInScheduleOPartVI>X</InfoInScheduleOPartVI>
      <NbrVotingGoverningBodyMembers>9</NbrVotingGoverningBodyMembers>
      <NumberIndependentVotingMembers>0</NumberIndependentVotingMembers>
      <FamilyOrBusinessRelationship>0</FamilyOrBusinessRelationship>
      <DelegationOfManagementDuties>0</DelegationOfManagementDuties>
      <ChangesToOrganizingDocs>0</ChangesToOrganizingDocs>
      <MaterialDiversionOrMisuse>0</MaterialDiversionOrMisuse>
      <MembersOrStockholders>0</MembersOrStockholders>
      <ElectionOfBoardMembers>0</ElectionOfBoardMembers>
      <DecisionsSubjectToApproval>0</DecisionsSubjectToApproval>
      <MinutesOfGoverningBody>1</MinutesOfGoverningBody>
      <MinutesOfCommittees>1</MinutesOfCommittees>
      <OfficerMailingAddress>0</OfficerMailingAddress>
      <LocalChapters>0</LocalChapters>
      <Form990ProvidedToGoverningBody>1</Form990ProvidedToGoverningBody>
      <ConflictOfInterestPolicy>0</ConflictOfInterestPolicy>
      <WhistleblowerPolicy>0</WhistleblowerPolicy>
      <DocumentRetentionPolicy>0</DocumentRetentionPolicy>
      <CompensationProcessCEO>0</CompensationProcessCEO>
      <CompensationProcessOther>0</CompensationProcessOther>
      <InvestmentInJointVenture>0</InvestmentInJointVenture>
      <StatesWhereCopyOfReturnIsFiled>NY</StatesWhereCopyOfReturnIsFiled>
      <UponRequest>X</UponRequest>
      <TheBooksAreInCareOf>
        <NameBusiness>
          <BusinessNameLine1>THE MAGNUM FOUNDATION</BusinessNameLine1>
        </NameBusiness>
        <TelephoneNumber>2122191248</TelephoneNumber>
        <AddressUS>
          <AddressLine1>256 MOTT STREET</AddressLine1>
          <City>NEW YORK</City>
          <State>NY</State>
          <ZIPCode>10012</ZIPCode>
        </AddressUS>
      </TheBooksAreInCareOf>
      <NoListedPersonsCompensated>X</NoListedPersonsCompensated>
      <Form990PartVIISectionA>
        <NamePerson>SUSAN MEISELAS</NamePerson>
        <Title>PRESIDENT &amp; DIRECTOR</Title>
        <AverageHoursPerWeek>20.00</AverageHoursPerWeek>
        <IndividualTrusteeOrDirector>X</IndividualTrusteeOrDirector>
        <ReportableCompFromOrganization>0</ReportableCompFromOrganization>
        <ReportableCompFromRelatedOrgs>0</ReportableCompFromRelatedOrgs>
        <OtherCompensation>0</OtherCompensation>
      </Form990PartVIISectionA>
      <Form990PartVIISectionA>
        <NamePerson>CHIEN-CHI CHANG</NamePerson>
        <Title>DIRECTOR</Title>
        <AverageHoursPerWeek>0.30</AverageHoursPerWeek>
        <Officer>X</Officer>
        <ReportableCompFromOrganization>0</ReportableCompFromOrganization>
        <ReportableCompFromRelatedOrgs>0</ReportableCompFromRelatedOrgs>
        <OtherCompensation>0</OtherCompensation>
      </Form990PartVIISectionA>
      <Form990PartVIISectionA>
        <NamePerson>JON KARTT</NamePerson>
        <Title>DIRECTOR</Title>
        <AverageHoursPerWeek>0.30</AverageHoursPerWeek>
        <Officer>X</Officer>
        <ReportableCompFromOrganization>0</ReportableCompFromOrganization>
        <ReportableCompFromRelatedOrgs>0</ReportableCompFromRelatedOrgs>
        <OtherCompensation>0</OtherCompensation>
      </Form990PartVIISectionA>
      <Form990PartVIISectionA>
        <NamePerson>CHRISTOPHER KLATELL</NamePerson>
        <Title>ASSISTANT SECRETARY</Title>
        <AverageHoursPerWeek>3.50</AverageHoursPerWeek>
        <Officer>X</Officer>
        <ReportableCompFromOrganization>0</ReportableCompFromOrganization>
        <ReportableCompFromRelatedOrgs>0</ReportableCompFromRelatedOrgs>
        <OtherCompensation>0</OtherCompensation>
      </Form990PartVIISectionA>
      <Form990PartVIISectionA>
        <NamePerson>CATE MUTHER</NamePerson>
        <Title>DIRECTOR</Title>
        <AverageHoursPerWeek>0.50</AverageHoursPerWeek>
        <Officer>X</Officer>
        <ReportableCompFromOrganization>0</ReportableCompFromOrganization>
        <ReportableCompFromRelatedOrgs>0</ReportableCompFromRelatedOrgs>
        <OtherCompensation>0</OtherCompensation>
      </Form990PartVIISectionA>
      <Form990PartVIISectionA>
        <NamePerson>ORVILLE SCHELL</NamePerson>
        <Title>DIRECTOR</Title>
        <AverageHoursPerWeek>0.30</AverageHoursPerWeek>
        <Officer>X</Officer>
        <ReportableCompFromOrganization>0</ReportableCompFromOrganization>
        <ReportableCompFromRelatedOrgs>0</ReportableCompFromRelatedOrgs>
        <OtherCompensation>0</OtherCompensation>
      </Form990PartVIISectionA>
      <Form990PartVIISectionA>
        <NamePerson>ALICE SACHS ZIMET</NamePerson>
        <Title>DIRECTOR</Title>
        <AverageHoursPerWeek>0.50</AverageHoursPerWeek>
        <Officer>X</Officer>
        <ReportableCompFromOrganization>0</ReportableCompFromOrganization>
        <ReportableCompFromRelatedOrgs>0</ReportableCompFromRelatedOrgs>
        <OtherCompensation>0</OtherCompensation>
      </Form990PartVIISectionA>
      <Form990PartVIISectionA>
        <NamePerson>JAMES GOLDBERG</NamePerson>
        <Title>DIRECTOR</Title>
        <AverageHoursPerWeek>0.30</AverageHoursPerWeek>
        <Officer>X</Officer>
        <ReportableCompFromOrganization>0</ReportableCompFromOrganization>
        <ReportableCompFromRelatedOrgs>0</ReportableCompFromRelatedOrgs>
        <OtherCompensation>0</OtherCompensation>
      </Form990PartVIISectionA>
      <Form990PartVIISectionA>
        <NamePerson>THOMAS HOEPKER</NamePerson>
        <Title>DIRECTOR</Title>
        <AverageHoursPerWeek>0.30</AverageHoursPerWeek>
        <Officer>X</Officer>
        <ReportableCompFromOrganization>0</ReportableCompFromOrganization>
        <ReportableCompFromRelatedOrgs>0</ReportableCompFromRelatedOrgs>
        <OtherCompensation>0</OtherCompensation>
      </Form990PartVIISectionA>
      <TotalReportableCompFromOrg>0</TotalReportableCompFromOrg>
      <TotalReportableCompFrmRltdOrgs>0</TotalReportableCompFrmRltdOrgs>
      <TotalOtherCompensation>0</TotalOtherCompensation>
      <NumberIndividualsGT100K>0</NumberIndividualsGT100K>
      <FormersListed>0</FormersListed>
      <TotalCompGT150K>0</TotalCompGT150K>
      <CompensationFromOtherSources>0</CompensationFromOtherSources>
      <NumberOfContractorsGT100K>0</NumberOfContractorsGT100K>
      <AllOtherContributions>746255</AllOtherContributions>
      <NoncashContributions>86400</NoncashContributions>
      <TotalContributions>746255</TotalContributions>
      <InvestmentIncome>
        <TotalRevenueColumn>859</TotalRevenueColumn>
        <RelatedOrExemptFunctionIncome>859</RelatedOrExemptFunctionIncome>
      </InvestmentIncome>
      <TotalRevenue>
        <TotalRevenueColumn>747114</TotalRevenueColumn>
        <RelatedOrExemptFunctionIncome>859</RelatedOrExemptFunctionIncome>
        <UnrelatedBusinessRevenue>0</UnrelatedBusinessRevenue>
        <ExclusionAmount>0</ExclusionAmount>
      </TotalRevenue>
      <PayrollTaxes>
        <Total>48425</Total>
        <ProgramServices>48425</ProgramServices>
      </PayrollTaxes>
      <FeesForServicesLegal>
        <Total>30365</Total>
        <ManagementAndGeneral>30365</ManagementAndGeneral>
      </FeesForServicesLegal>
      <FeesForServicesAccounting>
        <Total>13000</Total>
        <ManagementAndGeneral>13000</ManagementAndGeneral>
      </FeesForServicesAccounting>
      <OfficeExpenses>
        <Total>33045</Total>
        <ProgramServices>10517</ProgramServices>
        <ManagementAndGeneral>22008</ManagementAndGeneral>
        <Fundraising>520</Fundraising>
      </OfficeExpenses>
      <Travel>
        <Total>108716</Total>
        <ProgramServices>105185</ProgramServices>
        <ManagementAndGeneral>1597</ManagementAndGeneral>
        <Fundraising>1934</Fundraising>
      </Travel>
      <DepreciationDepletion>
        <Total>4922</Total>
        <ManagementAndGeneral>4922</ManagementAndGeneral>
      </DepreciationDepletion>
      <OtherExpenses>
        <Description>FEES</Description>
        <Total>250521</Total>
        <ProgramServices>183084</ProgramServices>
        <ManagementAndGeneral>54492</ManagementAndGeneral>
        <Fundraising>12945</Fundraising>
      </OtherExpenses>
      <OtherExpenses>
        <Description>AWARDS</Description>
        <Total>70340</Total>
        <ProgramServices>70340</ProgramServices>
        <ManagementAndGeneral>0</ManagementAndGeneral>
        <Fundraising>0</Fundraising>
      </OtherExpenses>
      <OtherExpenses>
        <Description>PRINTING AND PRODUCTION</Description>
        <Total>39255</Total>
        <ProgramServices>37700</ProgramServices>
        <ManagementAndGeneral>329</ManagementAndGeneral>
        <Fundraising>1226</Fundraising>
      </OtherExpenses>
      <OtherExpenses>
        <Description>SUPPLIES</Description>
        <Total>8944</Total>
        <ProgramServices>7908</ProgramServices>
        <ManagementAndGeneral>410</ManagementAndGeneral>
        <Fundraising>626</Fundraising>
      </OtherExpenses>
      <AllOtherExpenses>
        <Total>4962</Total>
        <ProgramServices>1431</ProgramServices>
        <ManagementAndGeneral>3531</ManagementAndGeneral>
      </AllOtherExpenses>
      <TotalFunctionalExpenses>
        <Total>612495</Total>
        <ProgramServices>464590</ProgramServices>
        <ManagementAndGeneral>130654</ManagementAndGeneral>
        <Fundraising>17251</Fundraising>
      </TotalFunctionalExpenses>
      <CashNonInterestBearing>
        <BOY>670437</BOY>
        <EOY>693941</EOY>
      </CashNonInterestBearing>
      <PledgesAndGrantsReceivable>
        <EOY>40786</EOY>
      </PledgesAndGrantsReceivable>
      <OtherNotesLoansReceivableNet>
        <BOY>2749</BOY>
        <EOY>0</EOY>
      </OtherNotesLoansReceivableNet>
      <PrepaidExpensesDeferredCharges>
        <EOY>1500</EOY>
      </PrepaidExpensesDeferredCharges>
      <LandBuildingsEquipmentBasis>39585</LandBuildingsEquipmentBasis>
      <LandBldgEquipmentAccumDeprec>23387</LandBldgEquipmentAccumDeprec>
      <LandBuildingsEquipmentBasisNet>
        <BOY>21120</BOY>
        <EOY>16198</EOY>
      </LandBuildingsEquipmentBasisNet>
      <OtherAssetsTotal>
        <BOY>66500</BOY>
        <EOY>121400</EOY>
      </OtherAssetsTotal>
      <TotalAssets>
        <BOY>760806</BOY>
        <EOY>873825</EOY>
      </TotalAssets>
      <AccountsPayableAccruedExpenses>
        <BOY>43391</BOY>
        <EOY>21791</EOY>
      </AccountsPayableAccruedExpenses>
      <TotalLiabilities>
        <BOY>43391</BOY>
        <EOY>21791</EOY>
      </TotalLiabilities>
      <FollowSFAS117>X</FollowSFAS117>
      <UnrestrictedNetAssets>
        <BOY>381194</BOY>
        <EOY>423171</EOY>
      </UnrestrictedNetAssets>
      <TemporarilyRestrictedNetAssets>
        <BOY>336221</BOY>
        <EOY>428863</EOY>
      </TemporarilyRestrictedNetAssets>
      <TotalNetAssetsFundBalances>
        <BOY>717415</BOY>
        <EOY>852034</EOY>
      </TotalNetAssetsFundBalances>
      <TotalLiabNetAssetsFundBalances>
        <BOY>760806</BOY>
        <EOY>873825</EOY>
      </TotalLiabNetAssetsFundBalances>
      <ReconcilationRevenueExpenses>134619</ReconcilationRevenueExpenses>
      <ReconcilationOtherChanges>0</ReconcilationOtherChanges>
      <InfoInScheduleOPartXII>X</InfoInScheduleOPartXII>
      <MethodOfAccountingAccrual>X</MethodOfAccountingAccrual>
      <AccountantCompileOrReview>0</AccountantCompileOrReview>
      <FSAudited>1</FSAudited>
      <FSAuditedBasis>
        <FinancialStatementSeparate>X</FinancialStatementSeparate>
      </FSAuditedBasis>
      <AuditCommittee>1</AuditCommittee>
      <FederalGrantAuditRequired>0</FederalGrantAuditRequired>
    </IRS990>
    <IRS990ScheduleA documentId="RetDoc1039100001">
      <PubliclySupportedOrg509a2>X</PubliclySupportedOrg509a2>
      <GiftsGrantsContribReceived509>
        <CurrentTaxYearMinus4Years>40268</CurrentTaxYearMinus4Years>
        <CurrentTaxYearMinus3Years>319800</CurrentTaxYearMinus3Years>
        <CurrentTaxYearMinus2Years>592107</CurrentTaxYearMinus2Years>
        <CurrentTaxYearMinus1Year>652217</CurrentTaxYearMinus1Year>
        <CurrentTaxYear>700370</CurrentTaxYear>
        <Total>2304762</Total>
      </GiftsGrantsContribReceived509>
      <Total509>
        <CurrentTaxYearMinus4Years>40268</CurrentTaxYearMinus4Years>
        <CurrentTaxYearMinus3Years>319800</CurrentTaxYearMinus3Years>
        <CurrentTaxYearMinus2Years>592107</CurrentTaxYearMinus2Years>
        <CurrentTaxYearMinus1Year>652217</CurrentTaxYearMinus1Year>
        <CurrentTaxYear>700370</CurrentTaxYear>
        <Total>2304762</Total>
      </Total509>
      <AmtsRecdFromDisqualPersons>
        <Total>0</Total>
      </AmtsRecdFromDisqualPersons>
      <AmtsFromSubstContributors>
        <Total>0</Total>
      </AmtsFromSubstContributors>
      <SupportFromDQPsEtc>
        <Total>0</Total>
      </SupportFromDQPsEtc>
      <PublicSupportTotal509>2304762</PublicSupportTotal509>
      <GrossInvestmentIncome509>
        <CurrentTaxYear>859</CurrentTaxYear>
        <Total>859</Total>
      </GrossInvestmentIncome509>
      <InvestmentIncomeAndUBTI>
        <CurrentTaxYear>859</CurrentTaxYear>
        <Total>859</Total>
      </InvestmentIncomeAndUBTI>
      <OtherIncome509>
        <CurrentTaxYear>45883</CurrentTaxYear>
        <Total>45883</Total>
      </OtherIncome509>
      <TotalSupportTotal>
        <CurrentTaxYearMinus4Years>40268</CurrentTaxYearMinus4Years>
        <CurrentTaxYearMinus3Years>319800</CurrentTaxYearMinus3Years>
        <CurrentTaxYearMinus2Years>592107</CurrentTaxYearMinus2Years>
        <CurrentTaxYearMinus1Year>652217</CurrentTaxYearMinus1Year>
        <CurrentTaxYear>747112</CurrentTaxYear>
        <Total>2351504</Total>
      </TotalSupportTotal>
      <PublicSupportPercentage509>0.98010</PublicSupportPercentage509>
      <PriorYearSupportPercentage>1.00000</PriorYearSupportPercentage>
      <InvestmentIncomePercentage>0.00040</InvestmentIncomePercentage>
      <ThirtyThreePercntTestsCY509>X</ThirtyThreePercntTestsCY509>
      <GeneralExplanation>SCHEDULE A, PART IV, SUPPLEMENTAL INFORMATION: THE PHOTOGRAHERS DONATE A CERTAIN PERCENTAGE OF THE PROCEEDS FROM THE SALE OF THE PHOTOS TO THE ORGANIZATION.</GeneralExplanation>
    </IRS990ScheduleA>
    <IRS990ScheduleB documentId="RetDoc1234500001">
      <ContributorInfo>
        <ContributorNumber>RESTRICTED</ContributorNumber>
        <ContributorNameBusiness>
          <BusinessNameLine1>RESTRICTED</BusinessNameLine1>
        </ContributorNameBusiness>
        <ContributorAddressUS>
          <AddressLine1>RESTRICTED</AddressLine1>
          <AddressLine2>RESTRICTED</AddressLine2>
          <City>RESTRICTED</City>
          <State>RESTRICTED</State>
          <ZIPCode>RESTRICTED</ZIPCode>
        </ContributorAddressUS>
        <AggregateContributions>RESTRICTED</AggregateContributions>
      </ContributorInfo>
    </IRS990ScheduleB>
    <IRS990ScheduleD documentId="RetDoc1040000001">
      <CollectUsedForPreservation>X</CollectUsedForPreservation>
      <SolicitedAssetsForSale>0</SolicitedAssetsForSale>
      <OtherLandBuildings>
        <OtherCostOrOtherBasis>39585</OtherCostOrOtherBasis>
        <Depreciation>23387</Depreciation>
        <BookValue>16198</BookValue>
      </OtherLandBuildings>
      <TotalOfBookValueLandBuildings>16198</TotalOfBookValueLandBuildings>
      <OtherAssets>
        <Description>PRINT COLLECTION</Description>
        <BookValue>119900</BookValue>
      </OtherAssets>
      <OtherAssets>
        <Description>SECURITY DEPOSIT</Description>
        <BookValue>1500</BookValue>
      </OtherAssets>
      <TotalBookValueOtherAssets>121400</TotalBookValueOtherAssets>
      <TotRevenueEtcAuditedFinclStmt>746504</TotRevenueEtcAuditedFinclStmt>
      <RevenueNotRptdF990>0</RevenueNotRptdF990>
      <RevenueSubtotal>746504</RevenueSubtotal>
      <OtherRevenuesNotIncluded>609</OtherRevenuesNotIncluded>
      <RevenueNotRptdOnFinStmt>609</RevenueNotRptdOnFinStmt>
      <TotalRevenuePerForm990>747113</TotalRevenuePerForm990>
      <TotExpensesEtcAuditedFinclStmt>612226</TotExpensesEtcAuditedFinclStmt>
      <OtherExpensesIncluded>2480</OtherExpensesIncluded>
      <ExpensesNotRptdF990>2480</ExpensesNotRptdF990>
      <ExpensesSubtotal>609746</ExpensesSubtotal>
      <OtherExpensesNotIncluded>2749</OtherExpensesNotIncluded>
      <ExpensesNotRptdOnFinStmt>2749</ExpensesNotRptdOnFinStmt>
      <TotalExpensesPerForm990>612495</TotalExpensesPerForm990>
      <Form990ScheduleDPartXIII>
        <ReturnReference>PART III, LINE 1A:</ReturnReference>
        <Explanation>AS A CORE OBJECTIVE OF THE MAGNUM FOUNDATION, THE LEGACY PROGRAM PRESERVES, INTERPRETS, MANAGES, AND MAKES ACCESSIBLE MATERIALS RELATED TO THE HISTORY OF MAGNUM PHOTOS, AND TO THE LARGER HISTORY OF PHOTOGRAPHY TO WHICH MAGNUM HAS UNIQUELY CONTRIBUTED. THROUGH ITS ARCHIVES AND RELATED ACTIVITIES, THE LEGACY PROGRAM PROMOTES RESEARCH INTO, AND APPRECIATION OF, THE PHOTOGRAPHIC MEDIUM, WHILE SAFEGUARDING FOR POSTERITY BOTH PRIMARY SOURCE MATERIAL AND ORIGINAL OBJECTS. THE LEGACY PROGRAM CONDUCTS ARCHIVAL ASSESSMENTS OF PHOTOGRAPHERS' ESTATES AND SUPPORTS SCHOLARLY WORK ABOUT PHOTOGRAPHERS' CAREERS. THE LEGACY PROGRAM ALSO COLLABORATES WITH SELECTED PARTNERS TOWARD THE DEVELOPMENT OF LARGER-SCALE EXHIBITIONS, PUBLICATIONS, AND EDUCATIONAL PROJECTS.</Explanation>
      </Form990ScheduleDPartXIII>
      <Form990ScheduleDPartXIII>
        <Identifier>PART XI, LINE 4B - OTHER ADJUSTMENTS:</Identifier>
        <Explanation>ADJUSTMENT FOR INTEREST INCOME</Explanation>
      </Form990ScheduleDPartXIII>
      <Form990ScheduleDPartXIII>
        <Identifier>PART XII, LINE 2D - OTHER ADJUSTMENTS:</Identifier>
        <Explanation>DEPRECIATION DIFFERENCE BOOK VS TAX</Explanation>
      </Form990ScheduleDPartXIII>
      <Form990ScheduleDPartXIII>
        <Identifier>PART XII, LINE 4B - OTHER ADJUSTMENTS:</Identifier>
        <Explanation>ADJUSTMENT TO CREATIVE FEES NOT ON TAX RETURN</Explanation>
      </Form990ScheduleDPartXIII>
    </IRS990ScheduleD>
    <IRS990ScheduleM documentId="RetDoc1042900001">
      <WorksOfArt>
        <NonCashCheckbox>X</NonCashCheckbox>
        <NumberOfContributions>3</NumberOfContributions>
        <NoncashContribsRptdF990>53400</NoncashContribsRptdF990>
        <MethodOfDeterminingRevenues>FAIR VALUE</MethodOfDeterminingRevenues>
      </WorksOfArt>
      <OtherNonCashContributionsTable>
        <NonCashCheckbox>X</NonCashCheckbox>
        <Description>SERVICES</Description>
        <NumberOfContributions>1</NumberOfContributions>
        <NoncashContribsRptdF990>30000</NoncashContribsRptdF990>
        <MethodOfDeterminingRevenues>FAIR VALUE</MethodOfDeterminingRevenues>
      </OtherNonCashContributionsTable>
      <OtherNonCashContributionsTable>
        <NonCashCheckbox>X</NonCashCheckbox>
        <Description>RENT</Description>
        <NumberOfContributions>1</NumberOfContributions>
        <NoncashContribsRptdF990>3000</NoncashContribsRptdF990>
        <MethodOfDeterminingRevenues>FAIR VALUE</MethodOfDeterminingRevenues>
      </OtherNonCashContributionsTable>
      <AnyPropertyThatMustBeHeld>0</AnyPropertyThatMustBeHeld>
      <ReviewProcessUnusualNCGifts>0</ReviewProcessUnusualNCGifts>
      <ThirdPartiesUsed>0</ThirdPartiesUsed>
    </IRS990ScheduleM>
    <IRS990ScheduleO documentId="RetDoc1044400001">
      <GeneralExplanation>
        <ReturnReference>FORM 990, PART VI, SECTION B, LINE 11</ReturnReference>
        <Explanation>FORM 990 IS PROVIDED TO ALL MEMBERS.</Explanation>
      </GeneralExplanation>
      <GeneralExplanation>
        <ReturnReference>FORM 990, PART VI, SECTION C, LINE 19</ReturnReference>
        <Explanation>DOCUMENTS AVAILABLE UPON REQUEST.</Explanation>
      </GeneralExplanation>
      <GeneralExplanation>
        <Explanation>PROCESS HAS NOT CHANGED FROM PRIOR YEAR</Explanation>
      </GeneralExplanation>
    </IRS990ScheduleO>
  </ReturnData>
</Return>