Mgw Foundation Inc

Organization Overview

Mgw Foundation Inc is located in Brooklyn, NY. The organization was established in 2017. 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. Mgw 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 12/2022, Mgw Foundation Inc generated $160.0k in total revenue. This represents relatively stable growth, over the past 5 years the organization has increased revenue by an average of 5.2% each year. All expenses for the organization totaled $151.0k during the year ending 12/2022. While expenses have increased by 0.9% per year over the past 5 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.

Since 2018, Mgw Foundation Inc has awarded 78 individual grants totaling $808,135. 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

2022

Describe the Organization's Program Activity:

Part 3 - Line 4a

KOLLEL SUPPORT


KOLLEL SUPPORT


KOLLEL SUPPORT


EDUCATIONAL SUPPORT


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Financial Statements

Statement of Revenue
Contributions, Gifts, Grants & Similar $160,000
Interest on Savings $0
Dividends & Interest $0
Net Rental Income$0
Net Gain on Sale of Assets $0
Capital Gain Net Income $0
Net ST Capital Gain $0
Income Modifications $0
Profit on Inventory Sales $0
Other Income $0
Total Revenue $160,000

Grants Awarded

Over the last fiscal year, Mgw Foundation Inc has awarded $411,080 in support to 34 organizations.

Grant RecipientAmount

KOLLEL YATEV LEV DJERUSALEM

Org PageRecipient Profile

Brooklyn, NY

PURPOSE: KOLLEL SUPPORT

$160,000

KOLLEL YATEV LEV DJERUSALEM

Org PageRecipient Profile

Brooklyn, NY

PURPOSE: KOLLEL SUPPORT

$160,000

YESHIVAS DVAR TORAH INC

Org PageRecipient Profile

Lakewood, NJ

PURPOSE: EDUCATIONAL SUPPORT

$8,200

YESHIVAS DVAR TORAH INC

Org PageRecipient Profile

Lakewood, NJ

PURPOSE: EDUCATIONAL SUPPORT

$8,200

YESHIVA SHAAR EPHRAIM

PURPOSE: EDUCATIONAL SUPPORT

$6,000

YESHIVA SHAAR EPHRAIM

PURPOSE: EDUCATIONAL SUPPORT

$6,000
View Grant Profile

Peer Organizations

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