﻿<?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="2010v3.4">
  <ReturnHeader binaryAttachmentCount="0">
    <Timestamp>2011-11-15T17:12:28-06:00</Timestamp>
    <TaxPeriodEndDate>2010-12-31</TaxPeriodEndDate>
    <PreparerFirm>
      <PreparerFirmBusinessName>
        <BusinessNameLine1>GANER GROSSBACH GANER</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>2010-01-01</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>2011-11-15</DateSigned>
      <AuthorizeThirdParty>1</AuthorizeThirdParty>
    </Officer>
    <Preparer>
      <Name>ROBERT GANER</Name>
      <Phone>2128731472</Phone>
      <DatePrepared>2011-11-15</DatePrepared>
    </Preparer>
    <TaxYear>2010</TaxYear>
    <BuildTS>2016-03-07 17:11:31Z</BuildTS>
  </ReturnHeader>
  <ReturnData documentCount="5">
    <IRS990 documentId="RetDoc1038000001" referenceDocumentId="RetDoc1044400001">
      <AddressChange>X</AddressChange>
      <DoingBusinessAs>
        <BusinessNameLine1>THE MAGNUM FOUNDATION</BusinessNameLine1>
      </DoingBusinessAs>
      <NameOfPrincipalOfficerPerson>SUSAN MEISELAS</NameOfPrincipalOfficerPerson>
      <GrossReceipts>593758</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 AWARENESSBY STUDYING, PRESERIVNG, OWNING, EXHIBITING, HONORING, AND TEACHING ABOUTPHOTOGRAPHIC TECHNIQUES, PROCESSES, MATERIALS AND PROPERTIES.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 AFOCUS ON SUBJECTS THAT HAVE NOT RECEIVED THE ATTENTION THEY DESERVE.-INCREASING THE IMPACT OF DOCUMENTARY PHOTOGRAPHY BY CONNECTINGPHOTOGRAPHERS AND THEIR WORK WITH NONPROFIT ORGANIZATIONS AND INDIVIDUALSCOMMITTED TO SOCIAL CHANGE.-TRAINING THE NEXT GENERATION OF IMAGE-MAKERS AND MAKING AWARDS TOOUTSTANDING YOUNG PHOTOGRAPHERS COMMITTED TO DOCUMENTARY WORK.-PRESERVING AND MAKING ACCESSIBLE SIGNIFICANT DOCUMENTARY COLLECTIONS FROMTHE PAST THAT ARE ESPECIALLY VALUABLE FOR UNDERSTANDING THE HISTORY OFEXPRESSION.</ActivityOrMissionDescription>
      <NbrVotingMembersGoverningBody>9</NbrVotingMembersGoverningBody>
      <NbrIndependentVotingMembers>0</NbrIndependentVotingMembers>
      <TotalNbrEmployees>0</TotalNbrEmployees>
      <TotalNbrVolunteers>0</TotalNbrVolunteers>
      <TotalGrossUBI>47</TotalGrossUBI>
      <NetUnrelatedBusinessTxblIncome>0</NetUnrelatedBusinessTxblIncome>
      <ContributionsGrantsPriorYear>319800</ContributionsGrantsPriorYear>
      <ContributionsGrantsCurrentYear>592107</ContributionsGrantsCurrentYear>
      <ProgramServiceRevenuePriorYear>0</ProgramServiceRevenuePriorYear>
      <ProgramServiceRevenueCY>0</ProgramServiceRevenueCY>
      <InvestmentIncomePriorYear>5</InvestmentIncomePriorYear>
      <InvestmentIncomeCurrentYear>47</InvestmentIncomeCurrentYear>
      <OtherRevenuePriorYear>0</OtherRevenuePriorYear>
      <OtherRevenueCurrentYear>1604</OtherRevenueCurrentYear>
      <TotalRevenuePriorYear>319805</TotalRevenuePriorYear>
      <TotalRevenueCurrentYear>593758</TotalRevenueCurrentYear>
      <GrantsAndSimilarAmntsPriorYear>17000</GrantsAndSimilarAmntsPriorYear>
      <GrantsAndSimilarAmntsCY>20170</GrantsAndSimilarAmntsCY>
      <BenefitsPaidToMembersPriorYear>0</BenefitsPaidToMembersPriorYear>
      <BenefitsPaidToMembersCY>0</BenefitsPaidToMembersCY>
      <SalariesEtcPriorYear>900</SalariesEtcPriorYear>
      <SalariesEtcCurrentYear>0</SalariesEtcCurrentYear>
      <TotalProfFundrsngExpPriorYear>36362</TotalProfFundrsngExpPriorYear>
      <TotalProfFundrsngExpCY>0</TotalProfFundrsngExpCY>
      <TotalFundrsngExpCurrentYear>21879</TotalFundrsngExpCurrentYear>
      <OtherExpensePriorYear>13873</OtherExpensePriorYear>
      <OtherExpensesCurrentYear>260640</OtherExpensesCurrentYear>
      <TotalExpensesPriorYear>68135</TotalExpensesPriorYear>
      <TotalExpensesCurrentYear>280810</TotalExpensesCurrentYear>
      <RevenuesLessExpensesPriorYear>251670</RevenuesLessExpensesPriorYear>
      <RevenuesLessExpensesCY>312948</RevenuesLessExpensesCY>
      <TotalAssetsBOY>350989</TotalAssetsBOY>
      <TotalAssetsEOY>652015</TotalAssetsEOY>
      <TotalLiabilitiesBOY>21451</TotalLiabilitiesBOY>
      <TotalLiabilitiesEOY>9529</TotalLiabilitiesEOY>
      <NetAssetsOrFundBalancesBOY>329538</NetAssetsOrFundBalancesBOY>
      <NetAssetsOrFundBalancesEOY>642486</NetAssetsOrFundBalancesEOY>
      <InfoInScheduleOPartIII>X</InfoInScheduleOPartIII>
      <MissionDescription>NONE</MissionDescription>
      <SignificantNewProgramServices>0</SignificantNewProgramServices>
      <SignificantChange>0</SignificantChange>
      <Expense>93293</Expense>
      <Grants>125000</Grants>
      <Revenue>11681</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>45704</Expense>
        <Grants>6536</Grants>
        <Revenue>4123</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>36193</Expense>
        <Grants>313000</Grants>
        <Description>LEGACY: 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.THE FOUNDATION ENVISIONS DEVELOPING A LEGACY FELLOWSHIP TO ENCOURAGE AND SUPPORT HISTORICAL STUDY OF THE WORK OF MAGNUM PHOTOGRAPHERS. FELLOWS WILL RECEIVE A STIPEND FOR UP TO SIX MONTHS TO CONDUCT RESEARCH ABOUT ONE OR MORE MAGNUM PHOTOGRAPHERS, LIVING OR DECEASED, AND THE TIME AND PLACE IN WHICH THEY WORKED. DONATIONS IN SUPPORT OF THE LEGACY PROGRAM WILL HELP TO LAUNCH AND SUSTAIN THE LEGACY FELLOWSHIP.MAGNUMTIME IS AN INTERACTIVE TIMELINE, DRAWING TOGETHER A COLLECTIVE ORAL HISTORY OF THE COMMUNITY, WITHIN AND AROUND MAGNUM PHOTOS. PHOTOGRAPHERS, EX-MEMBERS, FORMER STAFF AND OTHER PIONEERS OF THE FIELD WILL SHARE THEIR MEMORIES THROUGH STORIES FROM OVER 60 YEARS, CAPTURED IN AUDIO AND VIDEO CLIPS AS WELL AS HISTORICAL DOCUMENTS. MAGNUMTIME WILL BE A GLOBAL RESOURCE FOR RESEARCHERS AND THE PUBLIC WITH INTEREST IN THE CHANGING WORLD OF PHOTOGRAPHY.</Description>
      </Activity3>
      <ActivityOther>
        <Expense>30576</Expense>
        <Grants>396</Grants>
        <Description>EDUCATION: THE MAGNUM FOUNDATION OFFERS SCHOLARSHIPS FOR THE NYU/MAGNUM FOUNDATION PHOTOGRAPHY AND HUMAN RIGHTS PROGRAM READ MORE AT NYU PRESS RELEASE 2011 NYU/MAGNUM FOUNDATION SCHOLARSHIPS (PDF)THIS 5-WEEK PROGRAM IS DESIGNED TO EXPLORE STRATEGIES TO CREATE EFFECTIVE DOCUMENTARY PROJECTS IN PURSUIT OF HUMAN RIGHTS. STUDENTS PROPOSE MULTIMEDIA OR TRADITIONAL PRESENTATION STRATEGIES FOR THEIR PHOTO ESSAYS DURING MORNING AND EVENING CLASSES. THEY LEARN THE RELEVANCE OF HUMAN RIGHTS LAW TO THE MEDIA AND DOCUMENTARY WORK AND HOW TO STRATEGIZE THEIR PROJECTS THAT AID IN THE ATTAINMENT OF SUCH BASIC RIGHTS. DURING THE FINAL TWO WEEKS, STUDENTS TAKE A COURSE IN PRESENTATION STRATEGIES.THIS PROGRAM IS INTENDED FOR INTERMEDIATE AND ADVANCED STUDENTS, INCLUDING EXPERIENCED PROFESSIONALS, WHO SEEK TO HONE THEIR DOCUMENTARY AND MEDIA SKILLS IN THE CONTEXT OF HUMAN RIGHTS. THE ASSUMPTION IS THAT ALL STUDENTS ARE RELATIVELY FLUENT WITH THE USE OF A CAMERA TO PRODUCE PHOTOGRAPHS BUT WILL BENEFIT FROM WORK ON DEVELOPING A VISUAL ESSAY FOR BOTH CONVENTIONAL AND DIGITAL MEDIA, USING VIDEO, SOUND, AND INTERACTIVE TECHNIQUES TO ENHANCE THE POWER OF THE IMAGERY. GUEST LECTURERS INCLUDE DOCUMENTARY PHOTOGRAPHERS, EDITORS, AND CRITICS.THE MAGNUM FOUNDATION IS PLEASED TO ANNOUNCE THREE SCHOLARSHIPS FOR THE 2011 NYU/MAGNUM FOUNDATION PHOTOGRAPHY AND HUMAN RIGHTS PROGRAM. A FOURTH SCHOLARSHIP WAS AWARDED TO TASLIMA AKHTER FROM BANGLADESH IN 2010 TO ATTEND THE 2011 SUMMER COURSES.</Description>
      </ActivityOther>
      <TotalOfOtherProgramServiceExp>30576</TotalOfOtherProgramServiceExp>
      <TotalOfOtherProgramServiceGrnt>396</TotalOfOtherProgramServiceGrnt>
      <TotalProgramServiceExpense>205766</TotalProgramServiceExpense>
      <DescribedIn501C3 referenceDocumentId="RetDoc1039100001">1</DescribedIn501C3>
      <ScheduleBRequired referenceDocumentId="RetDoc1234500001">1</ScheduleBRequired>
      <PoliticalActivities>0</PoliticalActivities>
      <LobbyingActivities>0</LobbyingActivities>
      <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">1</IndependentAuditFinancialStmt>
      <ConsolidatedAuditFinancialStmt referenceDocumentId="RetDoc1040000001">1</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>0</DeductibleNonCashContributions>
      <DeductibleContributionsOfArt>0</DeductibleContributionsOfArt>
      <Terminated>0</Terminated>
      <PartialLiquidation>0</PartialLiquidation>
      <DisregardedEntity>0</DisregardedEntity>
      <RelatedEntity>0</RelatedEntity>
      <RelatedOrgControlledEntity>0</RelatedOrgControlledEntity>
      <TransactionRelatedEntity>0</TransactionRelatedEntity>
      <TransfersToExemptNonChrtblOrg>0</TransfersToExemptNonChrtblOrg>
      <ActivitiesConductedPartnership>0</ActivitiesConductedPartnership>
      <ScheduleORequired>1</ScheduleORequired>
      <NumberFormsTransmittedWith1096>0</NumberFormsTransmittedWith1096>
      <NumberW2GIncluded>0</NumberW2GIncluded>
      <NumberOfEmployees>0</NumberOfEmployees>
      <UnrelatedBusinessIncome>0</UnrelatedBusinessIncome>
      <ForeignFinancialAccount>0</ForeignFinancialAccount>
      <ProhibitedTaxShelterTrans>0</ProhibitedTaxShelterTrans>
      <TaxablePartyNotification>0</TaxablePartyNotification>
      <NonDeductibleContributions>0</NonDeductibleContributions>
      <QuidProQuoContributions>0</QuidProQuoContributions>
      <Form8282PropertyDisposedOf>0</Form8282PropertyDisposedOf>
      <TaxableDistributions>1</TaxableDistributions>
      <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>
      <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>MARCO BISCHOFF</NamePerson>
        <Title>DIRECTOR</Title>
        <AverageHoursPerWeek>0.30</AverageHoursPerWeek>
        <Officer>X</Officer>
        <ReportableCompFromOrganization>0</ReportableCompFromOrganization>
        <ReportableCompFromRelatedOrgs>0</ReportableCompFromRelatedOrgs>
        <OtherCompensation>0</OtherCompensation>
      </Form990PartVIISectionA>
      <Form990PartVIISectionA>
        <NamePerson>MARTINE FRANCK</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>ANNE STRICKLAND SQUADRON</NamePerson>
        <Title>TREASURER AND DIRECTOR</Title>
        <AverageHoursPerWeek>0.50</AverageHoursPerWeek>
        <Officer>X</Officer>
        <ReportableCompFromOrganization>0</ReportableCompFromOrganization>
        <ReportableCompFromRelatedOrgs>0</ReportableCompFromRelatedOrgs>
        <OtherCompensation>0</OtherCompensation>
      </Form990PartVIISectionA>
      <Form990PartVIISectionA>
        <NamePerson>DAVID ALAN HARVEY</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>STEVE MCCURRY</NamePerson>
        <Title>DIRECTOR</Title>
        <AverageHoursPerWeek>0.30</AverageHoursPerWeek>
        <Officer>X</Officer>
        <ReportableCompFromOrganization>0</ReportableCompFromOrganization>
        <ReportableCompFromRelatedOrgs>0</ReportableCompFromRelatedOrgs>
        <OtherCompensation>0</OtherCompensation>
      </Form990PartVIISectionA>
      <Form990PartVIISectionA>
        <NamePerson>ALEX WEBB</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>
      <FundraisingEvents>4050</FundraisingEvents>
      <AllOtherContributions>588057</AllOtherContributions>
      <TotalContributions>592107</TotalContributions>
      <InvestmentIncome>
        <TotalRevenueColumn>47</TotalRevenueColumn>
        <UnrelatedBusinessRevenue>47</UnrelatedBusinessRevenue>
      </InvestmentIncome>
      <GrossIncomeFundraisingEvents>0</GrossIncomeFundraisingEvents>
      <CntrbtnsRprtdFundraisingEvents>4050</CntrbtnsRprtdFundraisingEvents>
      <FundraisingDirectExpenses>0</FundraisingDirectExpenses>
      <NetIncomeFromFundraisingEvents>
        <TotalRevenueColumn>0</TotalRevenueColumn>
      </NetIncomeFromFundraisingEvents>
      <MiscellaneousRevenue>
        <TotalRevenueColumn>1604</TotalRevenueColumn>
        <RelatedOrExemptFunctionIncome>1604</RelatedOrExemptFunctionIncome>
      </MiscellaneousRevenue>
      <TotalOtherRevenue>1604</TotalOtherRevenue>
      <TotalRevenue>
        <TotalRevenueColumn>593758</TotalRevenueColumn>
        <RelatedOrExemptFunctionIncome>1604</RelatedOrExemptFunctionIncome>
        <UnrelatedBusinessRevenue>47</UnrelatedBusinessRevenue>
        <ExclusionAmount>0</ExclusionAmount>
      </TotalRevenue>
      <GrantsToDomesticIndividuals>
        <Total>20170</Total>
        <ProgramServices>20170</ProgramServices>
      </GrantsToDomesticIndividuals>
      <FeesForServicesLegal>
        <Total>2858</Total>
        <ManagementAndGeneral>2858</ManagementAndGeneral>
      </FeesForServicesLegal>
      <FeesForServicesAccounting>
        <Total>4008</Total>
        <ManagementAndGeneral>4008</ManagementAndGeneral>
      </FeesForServicesAccounting>
      <OfficeExpenses>
        <Total>1129</Total>
        <ProgramServices>6</ProgramServices>
        <ManagementAndGeneral>1083</ManagementAndGeneral>
        <Fundraising>40</Fundraising>
      </OfficeExpenses>
      <Travel>
        <Total>7088</Total>
        <ProgramServices>6399</ProgramServices>
        <ManagementAndGeneral>689</ManagementAndGeneral>
      </Travel>
      <DepreciationDepletion>
        <Total>13075</Total>
        <ManagementAndGeneral>13075</ManagementAndGeneral>
      </DepreciationDepletion>
      <OtherExpenses>
        <Description>INDEPENDENT CONTRACTOR</Description>
        <Total>82603</Total>
        <ProgramServices>58158</ProgramServices>
        <ManagementAndGeneral>24425</ManagementAndGeneral>
        <Fundraising>20</Fundraising>
      </OtherExpenses>
      <OtherExpenses>
        <Description>PHOTOGRAPHY</Description>
        <Total>63865</Total>
        <ProgramServices>63865</ProgramServices>
      </OtherExpenses>
      <OtherExpenses>
        <Description>PRINTING &amp; PRODUCTION</Description>
        <Total>18434</Total>
        <ProgramServices>6656</ProgramServices>
        <ManagementAndGeneral>4740</ManagementAndGeneral>
        <Fundraising>7038</Fundraising>
      </OtherExpenses>
      <OtherExpenses>
        <Description>SPECIAL EVENT SUPPLIES</Description>
        <Total>17469</Total>
        <ProgramServices>2826</ProgramServices>
        <Fundraising>14643</Fundraising>
      </OtherExpenses>
      <OtherExpenses>
        <Description>WEBSITE</Description>
        <Total>13933</Total>
        <ProgramServices>13280</ProgramServices>
        <ManagementAndGeneral>653</ManagementAndGeneral>
      </OtherExpenses>
      <AllOtherExpenses>
        <Total>36178</Total>
        <ProgramServices>34406</ProgramServices>
        <ManagementAndGeneral>1634</ManagementAndGeneral>
        <Fundraising>138</Fundraising>
      </AllOtherExpenses>
      <TotalFunctionalExpenses>
        <Total>280810</Total>
        <ProgramServices>205766</ProgramServices>
        <ManagementAndGeneral>53165</ManagementAndGeneral>
        <Fundraising>21879</Fundraising>
      </TotalFunctionalExpenses>
      <CashNonInterestBearing>
        <BOY>279778</BOY>
        <EOY>573818</EOY>
      </CashNonInterestBearing>
      <OtherNotesLoansReceivableNet>
        <BOY>2749</BOY>
        <EOY>2749</EOY>
      </OtherNotesLoansReceivableNet>
      <LandBuildingsEquipmentBasis>22056</LandBuildingsEquipmentBasis>
      <LandBldgEquipmentAccumDeprec>13108</LandBldgEquipmentAccumDeprec>
      <LandBuildingsEquipmentBasisNet>
        <BOY>1962</BOY>
        <EOY>8948</EOY>
      </LandBuildingsEquipmentBasisNet>
      <OtherAssetsTotal>
        <BOY>66500</BOY>
        <EOY>66500</EOY>
      </OtherAssetsTotal>
      <TotalAssets>
        <BOY>350989</BOY>
        <EOY>652015</EOY>
      </TotalAssets>
      <AccountsPayableAccruedExpenses>
        <BOY>21451</BOY>
        <EOY>9529</EOY>
      </AccountsPayableAccruedExpenses>
      <TotalLiabilities>
        <BOY>21451</BOY>
        <EOY>9529</EOY>
      </TotalLiabilities>
      <FollowSFAS117>X</FollowSFAS117>
      <UnrestrictedNetAssets>
        <BOY>-1441</BOY>
        <EOY>31510</EOY>
      </UnrestrictedNetAssets>
      <TemporarilyRestrictedNetAssets>
        <BOY>10000</BOY>
        <EOY>76188</EOY>
      </TemporarilyRestrictedNetAssets>
      <TotalNetAssetsFundBalances>
        <BOY>329538</BOY>
        <EOY>642486</EOY>
      </TotalNetAssetsFundBalances>
      <TotalLiabNetAssetsFundBalances>
        <BOY>350989</BOY>
        <EOY>652015</EOY>
      </TotalLiabNetAssetsFundBalances>
      <ReconcilationRevenueExpenses>312948</ReconcilationRevenueExpenses>
      <ReconcilationOtherChanges>0</ReconcilationOtherChanges>
      <MethodOfAccountingCash>X</MethodOfAccountingCash>
      <AccountantCompileOrReview>0</AccountantCompileOrReview>
      <FSAudited>1</FSAudited>
      <AuditCommittee>1</AuditCommittee>
      <FinancialStatementSeparate>X</FinancialStatementSeparate>
      <FederalGrantAuditRequired>0</FederalGrantAuditRequired>
    </IRS990>
    <IRS990ScheduleA documentId="RetDoc1039100001">
      <PubliclySupportedOrg509a2>X</PubliclySupportedOrg509a2>
      <GiftsGrantsContribReceived509>
        <CurrentTaxYear>592107</CurrentTaxYear>
        <Total>592107</Total>
      </GiftsGrantsContribReceived509>
      <Total509>
        <CurrentTaxYear>592107</CurrentTaxYear>
        <Total>592107</Total>
      </Total509>
      <AmtsRecdFromDisqualPersons>
        <Total>0</Total>
      </AmtsRecdFromDisqualPersons>
      <AmtsFromSubstContributors>
        <Total>0</Total>
      </AmtsFromSubstContributors>
      <SupportFromDQPsEtc>
        <Total>0</Total>
      </SupportFromDQPsEtc>
      <PublicSupportTotal509>592107</PublicSupportTotal509>
      <TotalSupportTotal>
        <CurrentTaxYear>592107</CurrentTaxYear>
        <Total>592107</Total>
      </TotalSupportTotal>
      <PublicSupportPercentage509>1.00000</PublicSupportPercentage509>
      <InvestmentIncomePercentage>0.00000</InvestmentIncomePercentage>
      <ThirtyThreePercntTestsCY509>X</ThirtyThreePercntTestsCY509>
    </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>22056</OtherCostOrOtherBasis>
        <Depreciation>13108</Depreciation>
        <BookValue>8948</BookValue>
      </OtherLandBuildings>
      <TotalOfBookValueLandBuildings>8948</TotalOfBookValueLandBuildings>
      <OtherAssets>
        <Description>PRINT COLLECTION</Description>
        <BookValue>66500</BookValue>
      </OtherAssets>
      <TotalBookValueOtherAssets>66500</TotalBookValueOtherAssets>
      <TotalRevenue>593758</TotalRevenue>
      <TotalExpenses>280810</TotalExpenses>
      <ExcessOrDeficitForYear>312948</ExcessOrDeficitForYear>
      <TotalAdjustments>0</TotalAdjustments>
      <ExcessOrDeficitPerFS>312948</ExcessOrDeficitPerFS>
      <TotRevenueEtcAuditedFinclStmt>593758</TotRevenueEtcAuditedFinclStmt>
      <RevenueNotRptdF990>0</RevenueNotRptdF990>
      <RevenueSubtotal>593758</RevenueSubtotal>
      <RevenueNotRptdOnFinStmt>0</RevenueNotRptdOnFinStmt>
      <TotalRevenuePerForm990>593758</TotalRevenuePerForm990>
      <TotExpensesEtcAuditedFinclStmt>280810</TotExpensesEtcAuditedFinclStmt>
      <ExpensesNotRptdF990>0</ExpensesNotRptdF990>
      <ExpensesSubtotal>280810</ExpensesSubtotal>
      <ExpensesNotRptdOnFinStmt>0</ExpensesNotRptdOnFinStmt>
      <TotalExpensesPerForm990>280810</TotalExpensesPerForm990>
      <Form990ScheduleDPartXIV>
        <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>
      </Form990ScheduleDPartXIV>
    </IRS990ScheduleD>
    <IRS990ScheduleO documentId="RetDoc1044400001">
      <GeneralExplanation>
        <Identifier>FORM 990, PART VI, SECTION B, LINE 11</Identifier>
        <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>
        <Identifier>ALL OTHER FUNCTIONAL EXPENSES</Identifier>
        <ReturnReference>FORM 990, PART X, LINE 24F</ReturnReference>
        <Explanation>KICKSTART CAMPAIGN &amp; PROMOTION: PROGRAM SERVICE EXPENSES 9,530. MANAGEMENT AND GENERAL EXPENSES 23. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 9,553. VIDEOGRAPHER: PROGRAM SERVICE EXPENSES 6,265. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 6,265. PRODUCTION STAFF: PROGRAM SERVICE EXPENSES 6,130. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 6,130. FEES: PROGRAM SERVICE EXPENSES 4,000. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 4,000. FRAMING: PROGRAM SERVICE EXPENSES 2,825. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 2,825. STORAGE: PROGRAM SERVICE EXPENSES 2,057. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 2,057. MEALS: PROGRAM SERVICE EXPENSES 1,547. MANAGEMENT AND GENERAL EXPENSES 345. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 1,892. BANKING &amp; BUSINESS FEES: PROGRAM SERVICE EXPENSES 760. MANAGEMENT AND GENERAL EXPENSES 324. FUNDRAISING EXPENSES 60. TOTAL EXPENSES 1,144. POSTAGE &amp; SHIPPING: PROGRAM SERVICE EXPENSES 38. MANAGEMENT AND GENERAL EXPENSES 942. FUNDRAISING EXPENSES 78. TOTAL EXPENSES 1,058. VISA FEES: PROGRAM SERVICE EXPENSES 516. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 516. MEDIA SUPPLIES &amp; OTHER MATERIALS: PROGRAM SERVICE EXPENSES 299. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 299. CATERING: PROGRAM SERVICE EXPENSES 278. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 278. PROFESSIONAL DEVELOPMENT: PROGRAM SERVICE EXPENSES 100. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 100. TELEPHONE: PROGRAM SERVICE EXPENSES 61. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 61.</Explanation>
      </GeneralExplanation>
    </IRS990ScheduleO>
  </ReturnData>
</Return>