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Mhe Foundation Inc. is a private corporation based in EDGEWATER, MD. The foundation received its IRS ruling in 2003. The principal officer is Matthew A Earl. It holds total assets of $21.9M. Annual income is reported at $349K. Total assets have grown from $231K in 2011 to $22.2M in 2023. The foundation is governed by 2 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 2023. Grantmaking is concentrated in Maryland. According to available records, Mhe Foundation Inc. has made 68 grants totaling $2.2M, with a median grant of $10K. Annual giving has grown from $207K in 2020 to $1.2M in 2023. Individual grants have ranged from $1K to $504K, with an average award of $32K. The foundation has supported 23 unique organizations. The foundation primarily supports organizations in Maryland, New York, Arizona, which account for 99% of all grants. Grantmaking reaches organizations across 4 states. Contributions to this foundation are tax-deductible.
Smallest Grant
$5K
Median Grant
$8K
Average Grant
$15K
Largest Grant
$51K
Based on 12 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.
Mhe Foundation Inc. primarily funds organizations in the area of philanthropy & grantmaking. Based on available records, the foundation has funded 68 grants. Its grantmaking reaches organizations primarily in MD, NY, AZ.
Mhe Foundation Inc. has distributed a total of $2.2M across 68 grants. The median grant size is $10K, with an average of $32K. Individual grants have ranged from $1K to $504K.
Mhe Foundation Inc. typically selects its grantees rather than accepting unsolicited proposals.
Mhe Foundation Inc. is headquartered in EDGEWATER, MD. While based in MD, the foundation distributes grants to organizations across 4 states.
| Name | Title | Compensation | Benefits | Total |
|---|---|---|---|---|
| Matthew A Earl | PRESIDENT AND TREASURER | $0 | $0 | N/A |
| Diane K Mcbee | VICE-PRESIDENT & SECRETARY | $0 | $0 | N/A |
Total Giving
$1.2M
Total Assets
$22.2M
Fair Market Value
$28.9M
Net Worth
$22.2M
Grants Paid
$1.2M
Contributions
$1.3M
Net Investment Income
$101K
Distribution Amount
$1.1M
Total: $21.9M
Total Grants
68
Total Giving
$2.2M
Average Grant
$32K
Median Grant
$10K
Unique Recipients
23
Most Common Grant
$5K
of 2023 grantees were first-time recipients
| Recipient | Location | Amount | Year |
|---|---|---|---|
| Mount Saint Joseph High SchoolEDUCATION | Baltimore, MD | $504K | 2023 |
| Chesapeake ConservancyEDUCATION & CONSERVATION | Annapolis, MD | $201K | 2023 |
| Historic AnnapolisUNRESTRICTED | Annapolis, MD | $138K | 2023 |
| Archbisihop Spalding High SchoolEDUCATION | Severn, MD | $52K | 2023 |
| Johns HopkinsUNRESTRICTED | Baltimore, MD | $52K | 2023 |
| Watershed StewardsUNRESTRICTED | College Park, MD | $50K | 2023 |
| Chesapeake Arts CenterUNRESTRICTED | Brooklyn Park, MD | $25K | 2023 |
| Maryland HallUNRESTRICTED | Annapolis, MD | $25K | 2023 |
| The Light HouseUNRESTRICTED | Annapolis, MD | $20K | 2023 |
| The Talent Machine Company IncUNRESTRICTED | Davidsonville, MD | $20K | 2023 |
| Esperanza En EscanteUNRESTRICTED | Tucson, AZ | $20K | 2023 |
| Aac Library FoundationEDUCATION | Annapolis, MD | $20K | 2023 |
| Arts Council Of Anne Arundel CountyUNRESTRICTED | Annapolis, MD | $20K | 2023 |
| Children'S Theater Of AnnapolisUNRESTRICTED | Annapolis, MD | $10K | 2023 |
| Chesapeake Bay FoundationNATURE CONSERVATION | Annapolis, MD | $10K | 2023 |
| Children'S Tumor FoundationUNRESTRICTED | New York, NY | $10K | 2023 |
| Maryland Federation Of ArtUNRESTRICTED | Annapolis, MD | $10K | 2023 |
| Signature TheaterUNRESTRICTED | Arlington, VA | $10K | 2023 |
| Annapolis Hope FoundationUNRESTRICTED | Annapolis, MD | $1K | 2023 |
| Johns Hopkins Krieger SchoolUNRESTRICTED | Baltimore, MD | $50K | 2022 |
| Anne Arundel Medical CenterUNRESTRICTED | Annapolis, MD | $10K | 2022 |
| Chesapeake Bay TrustNATURE CONSERVATION | Annapolis, MD | $5K | 2022 |
| West Baltimore Ravens Football And Cheerleading Academy IncUNRESTRICTED | Pikesville, MD | $25K | 2021 |
BALTIMORE, MD
OWINGS MILLS, MD
HANOVER, MD