The Michaels Family Foundation Inc

Organization Overview

The Michaels Family Foundation Inc is located in New York, NY. The organization was established in 1991. According to its NTEE Classification (T20) the organization is classified as: Private Grantmaking Foundations, under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Michaels Family Foundation Inc is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.

For the year ending 12/2021, Michaels Family Foundation Inc generated $216.0k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (12.8%) each year. All expenses for the organization totaled $414.3k during the year ending 12/2021. You can explore the organizations financials more deeply in the financial statements section below.

Since 2015, Michaels Family Foundation Inc has awarded 123 individual grants totaling $2,282,500. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.

Mission & Program ActivityExcerpts From the 990PF Filing

TAX YEAR

2021

Describe the Organization's Program Activity:

Part 3 - Line 4a

NO DIRECT CHARITABLE ACTIVITIES


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Financial Statements

Statement of Revenue
Contributions, Gifts, Grants & Similar $0
Interest on Savings $16
Dividends & Interest $228,452
Net Rental Income$0
Net Gain on Sale of Assets -$12,461
Capital Gain Net Income $0
Net ST Capital Gain $0
Income Modifications $0
Profit on Inventory Sales $0
Other Income $0
Total Revenue $216,007

Grants Awarded

Over the last fiscal year, The Michaels Family Foundation Inc has awarded $411,000 in support to 17 organizations.

Grant RecipientAmount

THE ROCKEFELLER FOUNDATION

Org PageRecipient Profile

New York, NY

PURPOSE: UNRESTRICTED CHARITABLE PURPOSE

$100,000

YALE UNIVERSITY

PURPOSE: UNRESTRICTED CHARITABLE PURPOSE

$100,000

PEN AMERICAN CENTER

Org PageRecipient Profile

New York, NY

PURPOSE: UNRESTRICTED CHARITABLE PURPOSE

$50,000

INTERNATIONAL RESCUE COMMITTEE

PURPOSE: UNRESTRICTED CHARITABLE PURPOSE

$50,000

HAMPTON CLASSIC HORSE SHOW

Org PageRecipient Profile

Bridgehampton, NY

PURPOSE: UNRESTRICTED CHARITABLE PURPOSE

$40,000

THE LIFEFLIGHT FOUNDATION

PURPOSE: UNRESTRICTED CHARITABLE PURPOSE

$10,000
View Grant Profile

Peer Organizations

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