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Mgw Foundation Inc. is a private corporation based in BROOKLYN, NY. The foundation received its IRS ruling in 2017. It holds total assets of $94K. Annual income is reported at $275K. Total assets have grown from $55K in 2019 to $81K in 2023. The foundation is governed by 3 officers and trustees. Kollel support. According to its most recent filing, the foundation only makes contributions to preselected charitable organizations. Tax records are available from 2017 to 2023. According to available records, Mgw Foundation Inc. has made 21 grants totaling $1M, with a median grant of $3K. The foundation has distributed between $206K and $297K annually from 2020 to 2023. Grantmaking activity was highest in 2022 with $297K distributed across 2 grants. Individual grants have ranged from $500 to $291K, with an average award of $49K. The foundation has supported 18 unique organizations. Grants have been distributed to organizations in New York and New Jersey. Contributions to this foundation are tax-deductible.
Kollel support
Expenses: $160K
Educational support
Expenses: $8K
Educational support
Expenses: $6K
Congregation support
Expenses: $5K
Kollel support. Based on available records, the foundation has funded 21 grants. Its grantmaking reaches organizations primarily in NY, NJ.
Mgw Foundation Inc. has distributed a total of $1M across 21 grants. The median grant size is $3K, with an average of $49K. Individual grants have ranged from $500 to $291K.
Mgw Foundation Inc. typically selects its grantees rather than accepting unsolicited proposals.
Mgw 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 |
|---|---|---|---|---|
| David Weiss | PRESIDENT | $0 | $0 | N/A |
| Gitty Weiss | VICE PRESIDE | $0 | $0 | N/A |
| Mindy Englard | SECRETARY | $0 | $0 | N/A |
Total Giving
$238K
Total Assets
$81K
Fair Market Value
$81K
Net Worth
$81K
Grants Paid
$236K
Contributions
$245K
Net Investment Income
N/A
Distribution Amount
$4K
Total Grants
21
Total Giving
$1M
Average Grant
$49K
Median Grant
$3K
Unique Recipients
18
Most Common Grant
$1K
of 2023 grantees were first-time recipients
| Recipient | Location | Amount | Year |
|---|---|---|---|
| See Attached ScheduleSUPPORT FOR SCHOOLS AND SYNAGOGUES | Brooklyn, NY | $236K | 2023 |
| Kollel Yatev Lev DjerusalemKOLLEL SUPPORT | Brooklyn, NY | $160K | 2020 |
| Yeshivas Dvar Torah IncEDUCATIONAL SUPPORT | Lakewood, NJ | $8K | 2020 |
| Yeshiva Shaar EphraimEDUCATIONAL SUPPORT | Monsey, NY | $6K | 2020 |
| Congregation Ahavas Chesed D BobovCONGREGATION SUPPORT | Brookyn, NY | $5K | 2020 |
| Congregation Zichron DovidCONGREGATION SUPPORT | Brooklyn, NY | $5K | 2020 |
| Beis Sefer Govoha Lebanos Sara ScheEDUCATONAL SUPPORT | Brooklyn, NY | $3K | 2020 |
| Yeshiva Kol Torah IncEDUCATIONAL SUPPORT | Lakewood, NJ | $3K | 2020 |
| Rebbe Talmid IncEDUCATIONAL SUPPORT | Lakewood, NJ | $3K | 2020 |
| Young Israel Of MidwoodCONGREGATION SUPPORT | Brooklyn, NY | $2K | 2020 |
| Bais Kaila Torah Prep High SchoolEDUCATIONAL SUPPORT | Lakewood, NJ | $2K | 2020 |
| Bnai Israel Jewish CenterCONGREGATION SUPPORT | Brooklyn, NY | $2K | 2020 |
| Congregation Bais Avraham D'KrulaCONGREGATION SUPPORT | Brooklyn, NY | $1K | 2020 |
| Congregation Zichron YosefCONGREGATION SUPPORT | Brooklyn, NY | $1K | 2020 |
| Yad Shifra IncCHARITY FOR NEEDY CHILDREN | Brooklyn, NY | $1K | 2020 |
| Bais Medresh Levush Haora PonzaCONGREGATION SUPPORT | Brooklyn, NY | $1K | 2020 |
| Chizuk Hatorah IncNEEDY ORGANIZATION | Brooklyn, NY | $600 | 2020 |
| Flatbush HatzolohEDUCATIONAL SUPPORT | Brooklyn, NY | $500 | 2020 |