Mgg Foundation is a private corporation based in NEW YORK, NY. The foundation received its IRS ruling in 2006. The principal officer is % Peter Grossman. It holds total assets of $3.6M. Annual income is reported at $1.4M. The foundation operates in the area of philanthropy & grantmaking. According to available records, Mgg Foundation has made 57 grants totaling $620K, with a median grant of $3K. The foundation has distributed between $156K and $286K annually from 2020 to 2023. Grantmaking activity was highest in 2022 with $286K distributed across 26 grants. Individual grants have ranged from $700 to $50K, with an average award of $11K. The foundation has supported 27 unique organizations. Grant recipients are concentrated in New York. Contributions to this foundation are tax-deductible.
Mgg Foundation primarily funds organizations in the area of philanthropy & grantmaking. Based on available records, the foundation has funded 57 grants. Its grantmaking reaches organizations primarily in NY.
Mgg Foundation has distributed a total of $620K across 57 grants. The median grant size is $3K, with an average of $11K. Individual grants have ranged from $700 to $50K.
Mgg Foundation typically selects its grantees rather than accepting unsolicited proposals.
Mgg Foundation is headquartered in NEW YORK, NY.
| Name | Title | Compensation | Benefits | Total |
|---|---|---|---|---|
| Meredith M Polivy | PRESIDENT | $0 | $0 | $0 |
| Philip L Milstein | VICE PRESIDENT | $0 | $0 | $0 |
| Peter Grossman | TREASURER / SEC'Y | $0 | $0 | $0 |
Total Giving
$201K
Total Assets
$3.2M
Fair Market Value
$3.4M
Net Worth
$3.2M
Grants Paid
$178K
Contributions
$375K
Net Investment Income
$85K
Distribution Amount
$146K
Total: $0
Total Grants
57
Total Giving
$620K
Average Grant
$11K
Median Grant
$3K
Unique Recipients
27
Most Common Grant
$2K
of 2023 grantees were first-time recipients
| Recipient | Location | Amount | Year |
|---|---|---|---|
| Smf Foundation GcPUBLIC CHARITY | New York, NY | $50K | 2023 |
| Anti-Defamation LeaguePUBLIC CHARITY | New York, NY | $2K | 2022 |
| Columbia UniversityPUBLIC CHARITY | New York, NY | $15K | 2020 |
| DorotPUBLIC CHARITY | New York, NY | $4K | 2020 |
Other foundations that have funded Mgg Foundation.
| Funder | Amount | Year | Purpose |
|---|---|---|---|
| Plm Foundation | $25K | 2021 | PUBLIC CHARITY |
| Svm Foundation | $32K | 2020 | PULIC CHARITY |
| 2018 | 990PF | View |
| 2017 | 990PF | View |
| 2016 | 990PF | View |
| The Young Men'S & Young Women'S Hebrew AssociationPUBLIC CHARITY |
| New York, NY |
| $50K |
| 2023 |
| American Jewish CommitteePUBLIC CHARITY | New York, NY | $25K | 2023 |
| Trustees Of Columbia University In The City Of New YorkPUBLIC CHARITY | New York, NY | $18K | 2023 |
| West Side Campaign Against HungerPUBLIC CHARITY | New York, NY | $8K | 2023 |
| West Side Montessori SchoolPUBLIC CHARITY | New York, NY | $7K | 2023 |
| Friends Of New York City Nurse Family Partnership IncPUBLIC CHARITY | New York, NY | $3K | 2023 |
| Riverside Park Conservancy IncPUBLIC CHARITY | New York, NY | $3K | 2023 |
| Children'S Museum Of ManhattanPUBLIC CHARITY | New York, NY | $3K | 2023 |
| The Jewish Community Center In Manhattan IncPUBLIC CHARITY | New York, NY | $1K | 2023 |
| Young Men'S & Young Women'S Hebrew AssociationPUBLIC CHARITY | New York, NY | $50K | 2022 |
| Reproductive Health Access ProjectPUBLIC CHARITY | New York, NY | $2K | 2022 |
| William J Brennan Jr Center For Justice IncPUBLIC CHARITY | New York, NY | $1K | 2022 |
| New York Common PantryPUBLIC CHARITY | New York, NY | $5K | 2020 |
| Feeding WestchesterPUBLIC CHARITY | Elmsford, NY | $5K | 2020 |
| St John'S Bread And LifePUBLIC CHARITY | Brooklyn, NY | $3K | 2020 |
| Bowery MissionPUBLIC CHARITY | New York, NY | $3K | 2020 |
| God'S Love We DeliverPUBLIC CHARITY | New York, NY | $2K | 2020 |
| Encore Community ServicesPUBLIC CHARITY | New York, NY | $2K | 2020 |
| Council Of Peoples OrganizationPUBLIC CHARITY | Brooklyn, NY | $2K | 2020 |
| Citymeals On WheelsPUBLIC CHARITY | New York, NY | $2K | 2020 |
| City HarvestPUBLIC CHARITY | New York, NY | $2K | 2020 |
| Henry Street SettlementPUBLIC CHARITY | New York, NY | $2K | 2020 |
| The Campaign Against HungerPUBLIC CHARITY | Brooklyn, NY | $1K | 2020 |
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