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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. Total assets have grown from $799K in 2011 to $3.6M in 2024. The foundation is governed by 3 officers and trustees. The foundation operates in the area of philanthropy & grantmaking. According to its most recent filing, the foundation only makes contributions to preselected charitable organizations. Tax records are available from 2016 to 2024. The foundation primarily funds organizations in New York and District of Columbia. 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.
Smallest Grant
$1K
Median Grant
$2K
Average Grant
$8K
Largest Grant
$50K
Based on 11 grants from the most recent 990-PF filing.
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.
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. The foundation primarily funds organizations in New York, District of Columbia.
| Name | Title | Compensation | Benefits | Total |
|---|---|---|---|---|
| Meredith M Polivy | PRESIDENT | $0 | $0 | N/A |
| Philip L Milstein | VICE PRESIDENT | $0 | $0 | N/A |
| Peter Grossman | TREASURER / SEC'Y | $0 | $0 | N/A |
Total Giving
N/A
Total Assets
$3.6M
Fair Market Value
N/A
Net Worth
$3.6M
Grants Paid
N/A
Contributions
N/A
Net Investment Income
N/A
Distribution Amount
N/A
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 |
|---|---|---|---|
| Anti-Defamation LeaguePUBLIC CHARITY | New York, NY | $2K | 2022 |
| Columbia UniversityPUBLIC CHARITY | New York, NY | $15K | 2020 |
| Smf Foundation GcPUBLIC CHARITY | New York, NY | $50K | 2023 |
| 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 |
| Riverside Park Conservancy IncPUBLIC CHARITY | New York, NY | $3K | 2023 |
| Friends Of New York City Nurse Family Partnership 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 |
| DorotPUBLIC CHARITY | New York, NY | $4K | 2020 |
| St John'S Bread And LifePUBLIC CHARITY | Brooklyn, NY | $3K | 2020 |
| Bowery MissionPUBLIC CHARITY | New York, NY | $3K | 2020 |
| Citymeals On WheelsPUBLIC CHARITY | New York, NY | $2K | 2020 |