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Michaels Philanthropic Foundation is a private corporation based in HEWLETT, NY. The foundation received its IRS ruling in 1966. It holds total assets of $1.1M. Annual income is reported at $476K. Total assets have grown from $725K in 2011 to $1.1M in 2023. The foundation is governed by 3 officers and trustees. Tax records are available from 2017 to 2024. Grantmaking is concentrated in New York. According to available records, Michaels Philanthropic Foundation has made 10 grants totaling $261K, with a median grant of $30K. Annual giving has grown from $60K in 2022 to $80K in 2024. Grantmaking activity was highest in 2023 with $121K distributed across 6 grants. Individual grants have ranged from $500 to $40K, with an average award of $26K. The foundation has supported 3 unique organizations. Grant recipients are concentrated in New York. Contributions to this foundation are tax-deductible.
Smallest Grant
$2K
Median Grant
$20K
Average Grant
$18K
Largest Grant
$30K
Based on 4 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.
Michaels Philanthropic Foundation is a private foundation that provides grants to eligible organizations. Based on available records, the foundation has funded 10 grants. Its grantmaking reaches organizations primarily in NY.
Michaels Philanthropic Foundation has distributed a total of $261K across 10 grants. The median grant size is $30K, with an average of $26K. Individual grants have ranged from $500 to $40K.
Michaels Philanthropic Foundation is a private foundation. To inquire about grants, you can look up the foundation using their EIN (116047540) on GuideStar or contact them directly. Many private foundations have specific application processes that may not be publicly listed.
Michaels Philanthropic Foundation is headquartered in HEWLETT, NY.
| Name | Title | Compensation | Benefits | Total |
|---|---|---|---|---|
| James Michaels | President | $0 | $0 | N/A |
| Rachel G Michaels | Secretary | $0 | $0 | N/A |
| Phyllis Michaels Schaffer | V PRESIDENT | $0 | $0 | N/A |
Total Giving
$90K
Total Assets
$1.1M
Fair Market Value
$1.5M
Net Worth
$1.1M
Grants Paid
$80K
Contributions
N/A
Net Investment Income
$767K
Distribution Amount
$62K
Total: $1.1M
Total Grants
10
Total Giving
$261K
Average Grant
$26K
Median Grant
$30K
Unique Recipients
3
Most Common Grant
$30K
of 2024 grantees were first-time recipients
| Recipient | Location | Amount | Year |
|---|---|---|---|
| Northwell HealthTO AID IN THE ORGANIZATIONS CHARITABLE PURPOSE | New Hyde Park, NY | $40K | 2024 |
| Island Harvest LtdTO AID IN THE ORGANIZATIONS CHARIABLE PURPOSE | Bethpage, NY | $40K | 2024 |
| Kamp KiwanisTO AID IN THE ORGANIZATIONS CHARITABLE PURPOSE | Taberg, NY | $500 | 2023 |