Michael Family Foundation Inc. is a private corporation based in WINSTON SALEM, NC. The foundation received its IRS ruling in 2011. The principal officer is % Chester A Michael Iii. It holds total assets of $5.3M. Annual income is reported at $3.5M. The foundation operates in the area of philanthropy & grantmaking. According to available records, Michael Family Foundation Inc. has made 29 grants totaling $1.2M, with a median grant of $10K. Annual giving has decreased from $1.1M in 2022 to $100K in 2023. Individual grants have ranged from $3K to $255K, with an average award of $41K. The foundation has supported 11 unique organizations. Grants have been distributed to organizations in North Carolina and Tennessee. Contributions to this foundation are tax-deductible.
Michael Family Foundation Inc. primarily funds organizations in the area of philanthropy & grantmaking. Based on available records, the foundation has funded 29 grants. Its grantmaking reaches organizations primarily in NC, TN.
Michael Family Foundation Inc. has distributed a total of $1.2M across 29 grants. The median grant size is $10K, with an average of $41K. Individual grants have ranged from $3K to $255K.
Michael Family Foundation Inc. typically selects its grantees rather than accepting unsolicited proposals.
Michael Family Foundation Inc. is headquartered in WINSTON SALEM, NC. While based in NC, the foundation distributes grants to organizations across 2 states.
| Name | Title | Compensation | Benefits | Total |
|---|---|---|---|---|
| Chester A Michael Iii | PRESIDENT | $0 | $0 | $0 |
| Teresa T Michael | VICE PRESIDENT | $0 | $0 | $0 |
| Thomas L Paulson | SECRETARY | $0 | $0 | $0 |
Total Giving
$129K
Total Assets
$4.9M
Fair Market Value
$6.1M
Net Worth
$4.9M
Grants Paid
$100K
Contributions
$0
Net Investment Income
$464K
Distribution Amount
$264K
Total: $4.9M
Total Grants
29
Total Giving
$1.2M
Average Grant
$41K
Median Grant
$10K
Unique Recipients
11
Most Common Grant
$10K
of 2023 grantees were first-time recipients
| Recipient | Location | Amount | Year |
|---|---|---|---|
| Lake Norman HumaneOperations | Mooresville, NC | $25K | 2023 |
| Macedonia UmcOperations | Southmon, NC | $25K | 2023 |
| United Way Of Forsyth CountyOperations | Winston Salem, NC | $10K | 2023 |
| Trellis Supportive CareOperations | Winston Salem, NC | $10K | 2023 |
| St Jude Children'S Research HospitalOperations | Memphis, TN | $10K | 2023 |
| 2018 | 990PF | View |
| 2017 | 990PF | View |
| 2016 | 990PF | View |
| Feed NcOperations |
| Mooresville, NC |
| $10K |
| 2023 |
| Hospice & Palliative Care Of Iredell CountyOperations | Mooresville, NC | $10K | 2023 |
| KaleideumOPERATIONS | Winston Salem, NC | $255K | 2022 |
| Catawba ColegeOPERATIONS | Salisbury, NC | $100K | 2022 |
| Make-A-WishOPERATIONS | Charlotte, NC | $10K | 2022 |
| Upper Room Food MinistryOPERATIONS | Southmont, NC | $3K | 2022 |
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