1622 Mgd Foundation is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in PHILADELPHIA, PA. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $2.9M in total assets. In 2024, it awarded 3 grants totaling $45K. Net investment income was $147K.
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$2.9M
+3.4% YoY
Annual Giving
$45K
-72.8% YoY
Grant Count
3
-66.7% YoY
Avg Grant Size
$15K
-18.4% YoY
Under IRS private-foundation payout rules, 1622 Mgd Foundation reported a distributable amount of $140K for 2024 — the minimum it must pay out in qualifying distributions.
About 1622 Mgd Foundation
Based on IRS filings
1622 Mgd Foundation is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in PHILADELPHIA, PA. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $2.9M in total assets. In 2024, it awarded 3 grants totaling $45K. Net investment income was $147K.
Focus Areas
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Geographic Focus
Where this funder awards grants
Grant Distribution by State
States
Cities
Financial History
Multi-year comparison from IRS filings
| Metric | 2024 | 2023 | 2022 |
|---|---|---|---|
| Total Assets | $2,935,369 | $2,838,515 | $2,866,245 |
| Revenue | $146,844 | $140,767 | $42,951 |
| Expenses | $49,990 | $168,497 | $82,860 |
| Qualifying Distributions | $45,000 | $165,500 | $78,000 |
| Net Investment Income | $146,844 | $140,767 | $42,951 |
| Distributable Amount | $139,740 | $138,278 | $141,384 |
Giving Over Time
Total grant dollars and number of grants per year
Grant Insights
How this funder distributes its grants
Top Recipients
Top 3 recipients in 2024
Grant Size Distribution
46 grants across all recorded years
Giving History
Grant recipients and amounts by year
Among its reported 2024 grants, the largest include Judicial Watch Inc ($20,000), St Judes Childrens Research Hospital Inc ($15,000), Asian Pacific Childrens Fund ($10,000).
| Recipient | Purpose | Amount |
|---|---|---|
| JUDICIAL WATCH INC WASHINGTON, DC | UNRESTRICTED | $20,000 |
| ASIAN PACIFIC CHILDRENS FUND DURANGO, CO | UNRESTRICTED | $10,000 |
| ST JUDES CHILDRENS RESEARCH HOSPITAL INC MEMPHIS, TN | UNRESTRICTED | $15,000 |
Leadership & Key People
Officers and directors from IRS filings
Compensation Overview
From 2024 IRS filing
From 2024 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| MERRILL G DAVIDOFF ESQUIRE | PRESIDENT | — | — |
Subject Areas
Focus areas based on grantmaking activity
Frequently Asked Questions
What is 1622 Mgd Foundation?
1622 Mgd Foundation is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in PHILADELPHIA, PA. It holds $2.9M in total assets as of 2024.
How large is 1622 Mgd Foundation?
As of 2024, 1622 Mgd Foundation holds $2.9M in total assets with $147K in annual revenue. It awarded 3 grants totaling $45K in 2024.
Where does 1622 Mgd Foundation operate?
1622 Mgd Foundation has awarded grants in California, Colorado, Connecticut, District of Columbia, Florida, Missouri, New York, Pennsylvania, Tennessee, Texas.
What size grants does 1622 Mgd Foundation award?
In 2024, 1622 Mgd Foundation awarded 3 grants totaling $45K — an average of about $15K per grant, based on its IRS Form 990 filings.
How much is 1622 Mgd Foundation required to give away each year?
Private foundations must generally distribute about 5% of their assets annually. For 2024, 1622 Mgd Foundation reported a distributable amount of $140K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.
What is 1622 Mgd Foundation's EIN?
1622 Mgd Foundation's EIN (Employer Identification Number) is 82-3548841. IRS Form 990 filing data is available on this page for 2020–2024.
Explore Open Grants
Browse active grant opportunities in 1622 Mgd Foundation's focus areas in our free grants database
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Data last updated April 2026. Sourced from IRS Form 990-PF filings.
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