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Michael Sweig Foundation is a private trust based in ZEPHYR COVE, NV. The foundation received its IRS ruling in 2001. The principal officer is Michael Sweig. It holds total assets of $4.9M. Annual income is reported at $954K. Total assets have grown from $1.9M in 2011 to $4.4M in 2023. The foundation is governed by 1 officer or trustee. 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 2020 to 2023. The foundation primarily funds organizations in Illinois, California and Minnesota. According to available records, Michael Sweig Foundation has made 33 grants totaling $732K, with a median grant of $14K. The foundation has distributed between $223K and $270K annually from 2020 to 2022. Grantmaking activity was highest in 2021 with $270K distributed across 11 grants. Individual grants have ranged from $1K to $50K, with an average award of $22K. The foundation has supported 15 unique organizations. The foundation primarily supports organizations in Illinois, California, Minnesota, which account for 97% of all grants. Grantmaking reaches organizations across 4 states. Contributions to this foundation are tax-deductible.
Smallest Grant
$1K
Median Grant
$25K
Average Grant
$24K
Largest Grant
$50K
Based on 10 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.
Michael Sweig Foundation primarily funds organizations in the area of philanthropy & grantmaking. Based on available records, the foundation has funded 33 grants. Its grantmaking reaches organizations primarily in IL, CA, MN.
Michael Sweig Foundation has distributed a total of $732K across 33 grants. The median grant size is $14K, with an average of $22K. Individual grants have ranged from $1K to $50K.
Michael Sweig Foundation typically selects its grantees rather than accepting unsolicited proposals.
Michael Sweig Foundation is headquartered in ZEPHYR COVE, NV. While based in NV, the foundation distributes grants to organizations across 4 states.
| Name | Title | Compensation | Benefits | Total |
|---|---|---|---|---|
| Michael Sweig | TRUSTEE | $0 | $0 | N/A |
Total Giving
$340K
Total Assets
$4.4M
Fair Market Value
$7.4M
Net Worth
$4.4M
Grants Paid
$330K
Contributions
$300K
Net Investment Income
$405K
Distribution Amount
$315K
Total: $4.2M
Total Grants
33
Total Giving
$732K
Average Grant
$22K
Median Grant
$14K
Unique Recipients
15
Most Common Grant
$50K
of 2022 grantees were first-time recipients
| Recipient | Location | Amount | Year |
|---|---|---|---|
| City Of HopeCHARITABLE | Chicago, IL | $10K | 2022 |
| Ucsd Cancer Research FoundationCHARITABLE | La Jolla, CA | $50K | 2022 |
| Chicago Police Memorial FoundationCHARITABLE | Chicago, IL | $34K | 2022 |
| Northwestern Medicine Memorial FoundationCHARITABLE | Chicago, IL | $10K | 2022 |
| Orange County Sheriff'S Advisory CouncilCHARITABLE | Santa Ana, CA | $5K | 2022 |
| Brother Rice High SchoolCHARITABLE | Chicago, IL | $3K | 2022 |
| PawsCHARITABLE | Chicago, IL | $50K | 2021 |
| Lymphoma Research FoundationCHARITABLE | Chicago, IL | $50K | 2021 |
| Robert H Lurie Hospital Cancer CenterCHARTIABLE | Chicago, IL | $25K | 2021 |
| Mayo ClinicCHARITABLE | Rochester, MN | $25K | 2021 |
| Newport Beach Police FoundationCHARITABLE | Newport Beach, CA | $5K | 2021 |
| Douglas County Sheriff'S CouncilCHARITABLE | Minden, NV | $1K | 2021 |
| Blood Cancer Research FoundationCHARITABLE | Northfield, IL | $50K | 2020 |
| Northwestern UniversityCHARITABLE | Evanston, IL | $35K | 2020 |
| Laura'S HouseCHARITABLE | Garden Grove, CA | $3K | 2020 |