MCU Foundation
MCU Foundation is a private foundation based in New York, NY. Its 2024 grants included support for homeownership, education, basic necessities, and microgrants, with recipients including individuals and charitable organizations.
Key facts about MCU Foundation
In short: MCU Foundation gave $155K across 37 grants in 2024 (avg $4K), mostly in New York. Source: 2024 IRS Form 990-PF.
- EIN
- 88-4171437
- Latest 990 filing
- Form 990-PF, 2024
- Annual giving (2024)
- $154,789
- Grants made (2024)
- 37
- Average grant
- $4,183
- Median grant
- $5,000
- Total assets
- $3,022,247
- Primary geography
- New York (84% of itemized 2024 grant dollars)
- Accepts unsolicited proposals
- No
- How to apply
- The foundation does not accept unsolicited requests for funds and states that it makes contributions only to preselected charitable organizations. Full details ↓
Data from IRS Form 990-PF, 2024; updated October 2026. Application details from Grantable's research on the foundation's public materials; confirm on its website before applying.
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$3.0M
+45.2% YoY
Annual Giving
$155K
+7639.4% YoY
Grant Count
37
+825.0% YoY
Avg Grant Size
$4K
+736.7% YoY
Under IRS private-foundation payout rules, MCU Foundation reported a distributable amount of $102K for 2024 — the minimum it must pay out in qualifying distributions.
How MCU Foundation gives
- In 2024 it paid out 152% of its IRS minimum distribution (the 5% rule). Method
From the foundation's IRS Form 990-PF filings. Methodology.
Mission & Focus Areas
The foundation’s stated mission is to help New Yorkers build generational wealth and eliminate poverty. Its grant records show support for education, homeownership, basic necessities, and microgrants.
One recipient, Suncoast Credit Union Foundation, says its mission is to promote children’s education, health, and emotional well-being through scholarships and contributions to schools, medical research, family support organizations, and other programs benefiting children.
Grantmaking
In 2024, the foundation reported 37 grants totaling $154,789. Grants ranged from $500 to $14,215, with a median of $5,000. Its largest listed grant was $14,215 to MCU MEMBERS for “$5-$10 MICROGRANTS.” Other notable grants included $10,000 each to Jeannette Muller and Jeremy Martinez for homeownership, and $10,000 to Suncoast Credit Union Foundation for basic necessities. Multiple individuals received $5,000 grants for education.
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Geographic Focus
Where this funder awards grants
In 2024, 84% of grant dollars went to recipients in New York. Other recipient states were Florida (6%), Pennsylvania (3%), Connecticut (3%), and Minnesota (3%).
Grant Distribution by State
Share of 2024 grant dollars across all 37 itemized grants.
Cities
Giving Over Time
Total grant dollars and number of grants per year
From 2023 to 2024, annual grant giving ranged from $2K (2023) to $155K (2024). In 2024 it made 37 grants totaling $155K.
Grant Insights
How this funder distributes its grants
Top Recipients
Top 5 recipients in 2024
The largest 2024 recipient was Suncoast Credit Union Foundation ($10K). Together the top 5 received $28K.
Organizations only. It also paid 32 grants to individuals ($127,081), which are not listed by name.
Grant Size Distribution
41 grants across all recorded years
The most common grant size was under $50K: 41 grants of 41 (100%).
Giving History
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| 32 grants to individuals Recipients not named | — | $127,081 |
| Suncoast Credit Union Foundation Tampa, FL | Basic Necessities | $10,000 |
| Bradley Reports and City College Brooklyn, NY | Education | $5,000 |
| Miles Jones CEO Visionary Scholarship Valley Stream, NY | Education | $5,000 |
| Palisade Towers on Schroeder Street Yonkers Yonkers, NY | Home Ownership | $5,000 |
| Amex Response Report Gift Cards New York, NY | Basic Necessities | $2,708 |
Financial History
Multi-year comparison from IRS filings
| Filing year | Assets | Revenue | Expenses | Grant sum | Grant count |
|---|---|---|---|---|---|
| 2024 | $3,022,247 | $1,122,953 | $164,607 | $154,789 | 37 |
| 2023 | $2,080,764 | $2,083,218 | $2,454 | $2,000 | 4 |
| Metric | 2024 | 2023 | 2022 |
|---|---|---|---|
| Total Assets | $3,022,247 | $2,080,764 | — |
| Revenue | $1,122,953 | $2,083,218 | — |
| Expenses | $164,607 | $2,454 | — |
| Qualifying Distributions | $155,210 | $2,000 | — |
| Net Investment Income | $58,514 | $1,863 | — |
| Distributable Amount | $101,852 | $6,275 | — |
Data update history
When this profile's IRS filing data changed on Grantable
- IRS filings on file for fiscal years 2022–2024
Leadership & Key People
Officers and directors from IRS filings
MCU Foundation is led by George Chacon, President & Director on every filing since 2022; none of the 10 officers listed in 2024 report compensation.
Officers on the 2024 filing
George Chacon
President & Director
On filings since 2022
1 hr/week
No compensation reported
Frank Madeira
Treasurer & Director
On filings since 2022
1 hr/week
No compensation reported
Juan Luna
Director
On filings since 2022
1 hr/week
No compensation reported
Toni-Ann Sforza
Director
On filings since 2022
1 hr/week
No compensation reported
Andrew Weltman
Secretary & Director
New on the 2024 filing
1 hr/week
No compensation reported
Cania Infante
Director
New on the 2024 filing
1 hr/week
No compensation reported
Jim Mill
Director
New on the 2024 filing
1 hr/week
No compensation reported
Kelly Gerber
Director
New on the 2024 filing
1 hr/week
No compensation reported
Michael Savino
Director
New on the 2024 filing
1 hr/week
No compensation reported
Kyle Markland
Member Representative
New on the 2024 filing
1 hr/week
No compensation reported
Former officers (1)
- Former: Melissa Hartzell (2022–2023) — Secretary & Director
Data from IRS Form 990 filings, 2022–2024. "On filings since" is the earliest filing we hold that lists the person; hours are average hours per week as reported.
Contact
Mailing address: 22 Cortlandt St 26Th Flr, New York, NY 10007
Phone: (202) 295-4712
Frequently asked questions about MCU Foundation
How much does MCU Foundation give each year?
MCU Foundation gave $155K across 37 grants in 2024, according to its 2024 IRS Form 990-PF. In 2023 it gave $2K across 4 grants.
What is MCU Foundation's typical grant size?
MCU Foundation's median grant in 2024 was $5,000, and its average grant was $4,183, across 37 grants on its 2024 IRS Form 990-PF.
Where does MCU Foundation give grants?
MCU Foundation gives mostly in New York: 84% of the grant dollars itemized on its 2024 IRS Form 990-PF went to recipients there. The next largest state was Florida (6%).
Does MCU Foundation give general operating support?
Not in 2024: none of the 37 grants with a stated purpose on MCU Foundation's 2024 IRS Form 990-PF were described as general or operating support. Recurring purposes include "Education" (17 grants), "Basic Necessities" (13 grants) and "Home Ownership" (6 grants).
Who are MCU Foundation's largest grantees?
MCU Foundation's largest 2024 grantees include Suncoast Credit Union Foundation ($10,000), Bradley Reports and City College ($5,000) and Miles Jones CEO Visionary Scholarship ($5,000), according to its 2024 IRS Form 990-PF. It also paid 32 grants to individuals ($127,081), which are not listed by name. Together they received 13% of its itemized 2024 grant dollars.
How large is MCU Foundation?
MCU Foundation reported $3.0M in total assets on its 2024 IRS Form 990-PF. It paid out $155K in qualifying distributions that year, against a required minimum of $102K (roughly 5% of its investment assets).
What does MCU Foundation fund?
The foundation’s stated mission is to help New Yorkers build generational wealth and eliminate poverty. Its grant records show support for education, homeownership, basic necessities, and microgrants. See mission & focus areas ↑
How do I apply for a grant from MCU Foundation?
The foundation does not accept unsolicited requests for funds and states that it makes contributions only to preselected charitable organizations. Eligibility and process details are in the grantmaking section of this profile. See how to apply ↑
What is MCU Foundation's EIN?
MCU Foundation's EIN (Employer Identification Number) is 88-4171437. IRS Form 990 filing data is available on this page for 2022–2024.
Does MCU Foundation accept unsolicited proposals?
No, according to Grantable's research on the foundation's published guidelines. See how to apply ↑
Data last updated October 2026. Sourced from IRS Form 990-PF filings. Research dossier generated September 2026.
Here's the math on researching MCU Foundation by hand.
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