Herbert I & Elsa B Michael Foundation
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Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$5.7M
-6.4% YoY
Annual Giving
$469K
Grant Count
86
Avg Grant Size
$5K
Under IRS private-foundation payout rules, Herbert I & Elsa B Michael Foundation reported a distributable amount of $339K for 2024 — the minimum it must pay out in qualifying distributions.
Mission & Focus Areas
The foundation's Trust Agreement establishes that funds be used for:
- Promotion of education
- Advancement of health and scientific achievements
- Prevention of cruelty to children
The foundation provides primary support for cultural programs, higher and secondary education, with some giving directed to hospitals and social service agencies. Current funding interests include education, health, and children's services.
Grantmaking
Grant Range
$1,000–$27,000
How to Apply
**
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Geographic Focus
Where this funder awards grants
The foundation provides funding nationally with a primary geographic focus on Utah.
Grant Distribution by State
Cities
Financial History
Multi-year comparison from IRS filings
Most Recent Fiscal Year (Ending September 2024):
- Total Assets: $5,652,770
- Total Revenue: $180,823
- Total Expenses: $561,337
- Net Income: -$380,514
Prior Year (Ending September 2023):
- Assets: $6,036,878 (ledger value)
- Income: $199,032
| Metric | 2024 | 2023 | 2022 |
|---|---|---|---|
| Total Assets | $5,652,770 | $6,036,878 | $5,937,719 |
| Revenue | $180,823 | $177,409 | $390,570 |
| Expenses | $561,337 | $85,752 | $660,234 |
| Qualifying Distributions | $487,488 | $17,151 | $573,007 |
| Net Investment Income | $107,092 | $108,808 | $303,343 |
| Distributable Amount | $339,167 | $317,852 | $348,265 |
Giving Over Time
Total grant dollars and number of grants per year
Grant Insights
How this funder distributes its grants
Top Recipients
Top 10 recipients in 2024
Grant Size Distribution
187 grants across all recorded years
Giving History
Grant recipients and amounts by year
Among its reported 2024 grants, the largest include Univ of Utah - Sj Quinney College O ($20,000), Utah Legal Services ($15,000), Crossroads Urban Center ($13,500).
| Recipient | Purpose | Amount |
|---|---|---|
| UNIV OF UTAH - COLLEGE OF SCIENCE SALT LAKE CITY, UT | SCHOLARSHIPS FOR COLLEGE OF SCIENCE | $2,250 |
| THE CHILDREN'S CENTER SALT LAKE CITY, UT | THERAPEUTIC PRESCHOOL | $5,000 |
| YWCA OF UTAH SALT LAKE CITY, UT | CHILDREN'S ADVOCACY & INTERVENTION PROGRAM | $7,500 |
| WESTMINSTER COLLEGE SALT LAKE CITY, UT | STUDENT LEADERS IN CIVIC ENGAGEMENT | $9,130 |
| CROSSROADS URBAN CENTER SALT LAKE CITY, UT | EMERGENCY FOOD PANTRY, THRIFT STORE, AND FOOD CO OP | $13,500 |
| RAPE RECOVERY CENTER SALT LAKE CITY, UT | PREVENTIVE COMMUNITY EDUCATION PROGRAM | $5,000 |
| THE ROAD HOME SALT LAKE CITY, UT | SELF-SUFFICIENCY PROGRAM | $7,500 |
| UTAH DISPUTE RESOLUTION SALT LAKE CITY, UT | COMMUNITY MEDIATION CENTER - FAMILY MEDIATION PROGRAM | $2,000 |
| UTAH YOUTH VILLAGE SALT LAKE CITY, UT | FAMILIES FIRST PROGRAM | $4,000 |
| CHILDREN'S SERVICE SOCIETY SALT LAKE CITY, UT | GRANDFAMILIES RELATIVES AS PARENTS | $10,000 |
Leadership & Key People
Officers and directors from IRS filings
Compensation Overview
From 2024 IRS filing
From 2024 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| US BANK NATIONAL ASSOCIATION | Trustee | — | $79,407 |
| JASON W HARDIN | CO-TRUSTEE | — | $803 |
| SWENSON LAW FIRM LLC | CO-TRUSTEE | — | — |
| KEITH ODENDAHL | CHAR COMMITTEE | — | $830 |
| TAYLOR RANDALL | CHAR COMMITTEE | — | $830 |
| MATTHEW DURRANT | CHAR COMMITTEE | — | $830 |
Contact Information
- Phone: (801) 534-6045
- Mailing Address: PO Box 2043, Milwaukee, WI 53201-2043
- EIN: 87-6122556
Frequently Asked Questions
What does Herbert I & Elsa B Michael Foundation fund?
The foundation's Trust Agreement establishes that funds be used for: • Promotion of education • Advancement of health and scientific achievements • Prevention of cruelty to children The foundation provides primary support for cultural programs, higher and secondary education, with some giving directed to hospitals and social service agencies. Current funding interests include education, health, and children's services.
How do I apply for a grant from Herbert I & Elsa B Michael Foundation?
**Grant Activity:** • Total giving: $469,026 (most recent reporting year) • Typical grant range: $1,000–$27,000 • Recent grants include: • Utah Legal Services: $15,000 (Legal Services for Low-Income Families) • Crossroads Urban Center: $13,500 (Emergency Food Pantry, Thrift Store, and Food Co Op) • Utah Council of the Blind: $10,000 (Programs to Help People Who Are Blind) **Application Process:** • Completed applications must be received no later than March 1st and September 1st • Support is pr…
Where does Herbert I & Elsa B Michael Foundation make grants?
The foundation provides funding nationally with a primary geographic focus on Utah.
What size grants does Herbert I & Elsa B Michael Foundation award?
In 2024, Herbert I & Elsa B Michael Foundation awarded 86 grants totaling $469K — an average of about $5K per grant, based on its IRS Form 990 filings.
How much is Herbert I & Elsa B Michael Foundation required to give away each year?
Private foundations must generally distribute about 5% of their assets annually. For 2024, Herbert I & Elsa B Michael Foundation reported a distributable amount of $339K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.
What is Herbert I & Elsa B Michael Foundation's EIN?
Herbert I & Elsa B Michael Foundation's EIN (Employer Identification Number) is 87-6122556. IRS Form 990 filing data is available on this page for 2020–2024.
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Data last updated June 2026. Sourced from IRS Form 990-PF filings. Research dossier generated April 2026.
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