MCS Foundation Inc
MCS Foundation Inc is a 501(c)(3) private foundation based in San Juan, Puerto Rico. Established in 2016 and formally launched in 2017, the foundation is dedicated to improving the health and well-being of communities throughout Puerto Rico. The foundation operates with a unique model in which 100% of funds raised are donated to other tax-exempt nonprofit organizations, with contributions matched by its primary donor, MCS.
Key facts about MCS Foundation Inc
- EIN
- 66-0870996
- Latest 990 filing
- Form 990-PF, 2024
- Annual giving (2024)
- $871,305
- Grants made (2024)
- 11
- Average grant
- $79,210
- Median grant
- $56,000
- Total assets
- $21,122
- Primary geography
- PR (100% of itemized 2024 grant dollars)
Data from IRS Form 990-PF, 2024; updated September 2026.
Who MCS Foundation Inc funds
By grant dollars, the top recipient states for MCS Foundation Inc's 11 itemized 2024 grants were PR (100%). The most frequent recipient cities were San Juan, PR (11 grants). None of its 11 grants with a stated purpose were described as general or operating support. Recurring purposes include "Contribution" (11 grants).
How MCS Foundation Inc gives
- 91% of 2024 grantees were also funded in 2023. Method
- Giving held roughly steady from 2021 to 2024 (−15%). Method
- In 2024 it paid out well above its IRS minimum distribution (the 5% rule). Method
Estimate from itemized IRS Form 990-PF grant lists (2024). Recipient names are matched across years, so a renamed or misspelled grantee can look new; grants to individuals are left out. Methodology.
Next steps with MCS Foundation Inc
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Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$21K
-20.3% YoY
Annual Giving
$871K
+22.8% YoY
Grant Count
11
+0.0% YoY
Avg Grant Size
$79K
+22.8% YoY
Under IRS private-foundation payout rules, MCS Foundation Inc reported a distributable amount of $83K for 2024 — the minimum it must pay out in qualifying distributions.
Mission & Focus Areas
The foundation's mission centers on improving lives and well-being in the communities it serves. Since 2017, MCS Foundation has focused on three core pillars:
- Health
- Education
- Economic Development
Following Hurricane Fiona in October 2022, the foundation shifted its strategic approach to address the needs of affected communities in southern and western Puerto Rico. The foundation now operates under the concept of health-related social needs (HRSN), defined as the conditions of the environment in which people are born, live, learn, work, play, worship, and age that affect health outcomes, functioning, and quality of life.
Current initiatives address poverty and health-related social needs, with particular focus on vulnerable populations including the elderly, who represent 24% of Puerto Rico's population.
Grantmaking
The foundation accepts applications and is open to applicants. Geographic restriction is in-state only (Puerto Rico).
Grant Range
$56,000
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Geographic Focus
Where this funder awards grants
The foundation focuses exclusively on Puerto Rico, with recent programs reaching 15,000 people across more than 25 municipalities. The foundation has established close alliances with other entities to address community needs throughout the island.
Grant Distribution by State
Share of all 11 itemized 2024 grant dollars.
Cities
Financial History
Multi-year comparison from IRS filings
Current Financial Position (2024):
- Total assets: $21,122
- Total revenues: $1,784,073
- Total expenses: $1,145,023
- Total giving: $871,305
Historical Assets:
- 2023: $27,000
- 2022: $57,000
The foundation operates at a giving rate exceeding 100% of assets, relying on consistent funding from its primary donor, MCS.
| Metric | 2024 | 2023 | 2022 |
|---|---|---|---|
| Total Assets | $21,122 | $26,514 | $57,300 |
| Revenue | $1,784,073 | $1,312,369 | $1,235,049 |
| Expenses | $1,145,023 | $1,043,068 | $1,192,194 |
| Qualifying Distributions | $871,305 | $709,543 | $838,511 |
| Net Investment Income | — | — | — |
| Distributable Amount | $82,855 | $62,691 | $49,782 |
Data update history
When this profile's IRS filing data changed on Grantable
- IRS filings on file for fiscal years 2020–2024
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
60 grants across all recorded years
Giving History
Grant recipients and amounts by year
Among its reported 2024 grants, the largest recipients include Accion Social De PR Inc ($352,000), Rehaciendo Comunidades ($111,000), Centro Sor Isolina Ferr ($91,000).
| Recipient | Purpose | Amount |
|---|---|---|
| ACCION SOCIAL DE PR INC San Juan, PR | CONTRIBUTION | $352,000 |
| REHACIENDO COMUNIDADES San Juan, PR | CONTRIBUTION | $111,000 |
| CENTRO SOR ISOLINA FERR San Juan, PR | CONTRIBUTION | $91,000 |
| BANCO DE ALIMENTOS PR San Juan, PR | CONTRIBUTION | $88,000 |
| CORP TEATRO LATINO San Juan, PR | CONTRIBUTION | $60,000 |
| ENTERPRIZE EVENTS INC San Juan, PR | CONTRIBUTION | $56,000 |
| UNIV CENTRAL DEL CARIBE San Juan, PR | CONTRIBUTION | $50,000 |
| CENTRO INES San Juan, PR | CONTRIBUTION | $25,000 |
| CRUZ ROJA AMERICANA PR San Juan, PR | CONTRIBUTION | $17,305 |
| SALVATION ARMY San Juan, PR | CONTRIBUTION | $17,000 |
Leadership & Key People
Leadership team and compensation from IRS filings
- Elba N Rivera - Executive Director
Compensation Overview
From 2020 IRS filing
From 2024 IRS filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| Monica Fernos | Tresurer | 5 | — |
| Ricardo Martinez | Director | 1 | — |
| James O Odrobinak | Director | 1 | — |
| Roberto Pando | Chairprson | 1 | — |
| Gilberto R Negron | Secretary | 5 | — |
| Carolyn Rodriguez | Director | 3 | — |
Recent News & Activity
Recent developments and announcements
**2025 Initiative:**
MCS Foundation launched "Con tu cariño hacemos el doble" ("With your Love, We Do Twice as Much"), a 2025 campaign reaffirming commitment to improving quality of life for older adults in Puerto Rico, with focus on addressing poverty and health-related social needs among the elderly population.
**2024 Annual Meeting:**
The foundation announced $1.2 million in grants to 15 community organizations across Puerto Rico during its annual meeting with nonprofit partners, highlighting achievements that reached 15,000 people in more than 25 municipalities.
MCS Foundation grants $1.2M to 15 community groups**Historical Milestone:**
In 2017, MCS Foundation launched its first public fundraising campaign, "Green for Puerto Rico," for Hurricane Maria recovery. The campaign raised $750,000, which was matched by MCS Puerto Rico, generating $1.5 million total for recovery efforts.
MCS Foundation Achieves $1 Million Goal: Additional Matching Funding Available**Cumulative Impact:**
Through partnerships with local nonprofits, the foundation has improved the health and well-being of approximately 72,000 people in Puerto Rico.
MSCS accepts donation from Musk Foundation | localmemphis.comSubject Areas
Focus areas based on grantmaking activity
Frequently Asked Questions
What does MCS Foundation Inc fund?
The foundation's mission centers on improving lives and well-being in the communities it serves. Since 2017, MCS Foundation has focused on three core pillars: • **Health** • **Education** • **Economic Development** Following Hurricane Fiona in October 2022, the foundation shifted its strategic approach to address the needs of affected communities in southern and western Puerto Rico. The foundation now operates under the concept of **health-related social needs (HRSN)**, defined as the condition…
How do I apply for a grant from MCS Foundation Inc?
**Grant Activity & Amounts:** • Annual giving: $871,305 (2024) • Number of grants: 11 (2024) • Median grant size: $56,000 • Grant range: $4,000 - $352,000 **Recent Grants (2024):** • Rehaciendo Comunidades Con Esperanza: $111,000 • Enterprize Events: $56,000 • Centro Comunitario Rvda Ines J Figueroa: $25,000 **Historical Giving:** • 2023: $710,000 across 11 grants (median $25,000) • 2022: $839,000 across 15 grants (median $50,000) **Application Policy:** The foundation accepts applications and …
Where does MCS Foundation Inc make grants?
The foundation focuses exclusively on Puerto Rico, with recent programs reaching 15,000 people across more than 25 municipalities. The foundation has established close alliances with other entities to address community needs throughout the island.
What size grants does MCS Foundation Inc award?
In 2024, MCS Foundation Inc awarded 11 grants totaling $871K — an average of about $79K per grant, based on its IRS Form 990 filings.
How much is MCS Foundation Inc required to give away each year?
Private foundations must generally distribute about 5% of their assets annually. For 2024, MCS Foundation Inc reported a distributable amount of $83K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.
What is MCS Foundation Inc's EIN?
MCS Foundation Inc's EIN (Employer Identification Number) is 66-0870996. IRS Form 990 filing data is available on this page for 2020–2024.
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Data last updated September 2026. Sourced from IRS Form 990-PF filings. Research dossier generated April 2026.