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Also known as: C/O ROY COHEN
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Mg Family Foundation Inc. is a private corporation based in BROOKLYN, NY. The foundation received its IRS ruling in 2021. The principal officer is Roy Cohen. It holds total assets of N/A. Annual income is reported at $10K. Total assets have decreased from $500K in 2021 to N/A in 2023. The foundation is governed by 3 officers and trustees. According to its most recent filing, the foundation only makes contributions to preselected charitable organizations. Tax records are available from 2021 to 2023. According to available records, Mg Family Foundation Inc. has made 77 grants totaling $1M, with a median grant of $5K. Annual giving has decreased from $996K in 2022 to $48K in 2023. Individual grants have ranged from $500 to $143K, with an average award of $14K. The foundation has supported 35 unique organizations. Grants have been distributed to organizations in New York and New Jersey. Contributions to this foundation are tax-deductible.
No program descriptions are available for this foundation. Many private foundations report program activities in their annual 990-PF filings — check the Tax Filings section below for the most recent filing.
Mg Family Foundation Inc. is a private foundation that provides grants to eligible organizations. Based on available records, the foundation has funded 77 grants. Its grantmaking reaches organizations primarily in NY, NJ.
Mg Family Foundation Inc. has distributed a total of $1M across 77 grants. The median grant size is $5K, with an average of $14K. Individual grants have ranged from $500 to $143K.
Mg Family Foundation Inc. typically selects its grantees rather than accepting unsolicited proposals.
Mg Family Foundation Inc. is headquartered in BROOKLYN, NY. While based in NY, the foundation distributes grants to organizations across 2 states.
| Name | Title | Compensation | Benefits | Total |
|---|---|---|---|---|
| Roy Cohen | PRESIDENT | $0 | $0 | N/A |
| Peri Cohen | TREASURER | $0 | $0 | N/A |
| Perry Ayal | VICE PRESIDENT | $0 | $0 | N/A |
Total Giving
$56K
Total Assets
N/A
Fair Market Value
N/A
Net Worth
N/A
Grants Paid
$48K
Contributions
$10K
Net Investment Income
N/A
Distribution Amount
$1K
Total Grants
77
Total Giving
$1M
Average Grant
$14K
Median Grant
$5K
Unique Recipients
35
Most Common Grant
$5K
of 2023 grantees were first-time recipients
| Recipient | Location | Amount | Year |
|---|---|---|---|
| Friends Of Darchei Hillel IncTO FURTHER ITS 501 (C) STATUS | Brooklyn, NY | $37K | 2023 |
| Ezrat IsraelTO FURTHER ITS 501(C)(3) STATUS | Brooklyn, NY | $6K | 2023 |
| Hatzalah Ems Of The Jersey ShoreTO FURTHER ITS 501(C)(3) STATUS | Elberon, NJ | $3K | 2023 |
| Congregation Kollel Hechal HatorahTO FURTHER ITS 501(C)(3) STATUS | Passaic, NJ | $2K | 2023 |
| Netivei Ohr Yaakov IncTO FURTHER ITS 501(C)(3) STATUS | Lakewood, NJ | $1K | 2023 |
| Sephardic Bikur HolimTO FURTHER ITS 501(C)(3) STATUS | Brooklyn, NY | $1K | 2023 |
| Ohr MenachemTO FURTHER ITS 501(C)(3) STATUS | Brooklyn, NY | $1K | 2023 |
| Or DavidTO FURTHER ITS 501(C)(3) STATUS | Cedarhurst, NY | $1K | 2023 |
| Mishkan TorahTO FURTHER ITS 501(C)(3) STATUS | Brooklyn, NY | N/A | 2023 |
| Congregation Benei Levy IncTO FURTHER ITS 501(C)(3) STATUS | Brooklyn, NY | $61K | 2022 |
| Congregation Shaare ZionTO FURTHER ITS 501(C)(3) STATUS | Brooklyn, NY | $57K | 2022 |
| YdeTO FURTHER ITS 501(C)(3) STATUS | Brooklyn, NY | $26K | 2022 |
| Yeshivat Ohel TorahTO FURTHER ITS 501(C)(3) STATUS | Brooklyn, NY | $20K | 2022 |
| Congregation Zichron BinyaminTO FURTHER ITS 501(C)(3) STATUS | Lakewood, NJ | $13K | 2022 |
| Chesed 247TO FURTHER ITS 501(C)(3) STATUS | Spring Valley, NY | $10K | 2022 |
| Peylim Lev LachimTO FURTHER ITS 501(C)(3) STATUS | Lakewood, NJ | $10K | 2022 |
| Sephardic Food FundTO FURTHER ITS 501(C)(3) STATUS | New York, NY | $10K | 2022 |
| Ohel Yaacob CongregationTO FURTHER ITS 501(C)(3) STATUS | Deal, NJ | $9K | 2022 |
| RenewalTO FURTHER ITS 501(C)(3) STATUS | Brooklyn, NY | $5K | 2022 |
| SafeTO FURTHER ITS 501(C)(3) STATUS | Brooklyn, NY | $5K | 2022 |
| Recorded TalmudTO FURTHER ITS 501(C)(3) STATUS | New York, NY | $5K | 2022 |
| Ilan High SchoolTO FURTHER ITS 501(C)(3) STATUS | Deal, NJ | $5K | 2022 |
| American Friends Of Yeshiva ChabadTO FURTHER ITS 501(C)(3) STATUS | Brooklyn, NY | $5K | 2022 |
| Bet Midrash Ohel TorahTO FURTHER ITS 501(C)(3) STATUS | Lakewood, NJ | $5K | 2022 |
| Merkaz HageulaTO FURTHER ITS 501(C)(3) STATUS | Brooklyn, NY | $5K | 2022 |