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Michael E Porter Family Foundation is a private trust based in ALBANY, NY. The foundation received its IRS ruling in 2016. The principal officer is % Independent Family Office L. It holds total assets of $15.7M. Annual income is reported at $9M. The foundation operates in the area of philanthropy & grantmaking. According to available records, Michael E Porter Family Foundation has made 15 grants totaling $542K, with a median grant of $25K. Annual giving has grown from $147K in 2020 to $345K in 2022. Individual grants have ranged from $10K to $75K, with an average award of $36K. The foundation has supported 6 unique organizations. Grants have been distributed to organizations in Massachusetts and New Jersey and New York. Contributions to this foundation are tax-deductible.
Michael E Porter Family Foundation primarily funds organizations in the area of philanthropy & grantmaking. Based on available records, the foundation has funded 15 grants. Its grantmaking reaches organizations primarily in MA, NJ, NY.
Michael E Porter Family Foundation has distributed a total of $542K across 15 grants. The median grant size is $25K, with an average of $36K. Individual grants have ranged from $10K to $75K.
Michael E Porter Family Foundation typically selects its grantees rather than accepting unsolicited proposals.
Michael E Porter Family Foundation is headquartered in ALBANY, NY. While based in NY, the foundation distributes grants to organizations across 3 states.
| Name | Title | Compensation | Benefits | Total |
|---|---|---|---|---|
| Sonia T Smyth | Trustee | $0 | $0 | $0 |
| Ilana Z Porter | Trustee | $0 | $0 | $0 |
Total Giving
$394K
Total Assets
$12.3M
Fair Market Value
$13.5M
Net Worth
$12.3M
Grants Paid
$353K
Contributions
$4M
Net Investment Income
$9M
Distribution Amount
$410K
Total: $11.2M
Total Grants
15
Total Giving
$542K
Average Grant
$36K
Median Grant
$25K
Unique Recipients
6
Most Common Grant
$25K
of 2022 grantees were first-time recipients
| Recipient | Location | Amount | Year |
|---|---|---|---|
| Initiative For A Competitive Inner City IncGeneral charitable | Roxbury, MA | $75K | 2022 |
| International Consortium For Health Outcomes MeasuGENERAL CHARITABLE | Boston, MA | $50K | 2022 |
| Boston Book FestivalGENERAL CHARITABLE | Cambridge, MA | $25K | 2022 |
| Trustees Of Princeton UniversityGENERAL CHARITABLE | Princeton, NJ | $23K | 2022 |
| Presidents And Fellows Of HarvardGENERAL CHARITABLE | Cambridge, MA | $15K |
| 2018 | 990PF | View |
| 2017 | 990PF | View |
| 2020 |
| Donors ChooseGENERAL CHARITABLE | New York, NY | $10K | 2020 |
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