Mfund Inc
Mfund Inc is a private foundation based in Guilford, Connecticut. Its 2025 filing states that it owns 100% of Trio Foundation and considers it a disregarded entity. The filing also says MFUND makes contributions only to preselected charitable organizations.
Mfund Inc at a glance
In short: Mfund Inc gave $136K across 60 grants in 2025 (avg $2K), mostly in Connecticut. 28% of 2025 grantees were new. Source: 2025 IRS Form 990-PF.
- Annual giving (2025)
- $136,341
- -17.1% vs 2024
- Grants made (2025)
- 60
- +36.4% vs 2024
- Average grant
- $2,272
- -39.2% vs 2024
- Median grant
- $500
- Total assets
- $2,160,777
- -12.3% vs 2024
- New grantees (estimate)
- 28% first-time grantees (17 of 60, 2025)
- Primary geography
- Connecticut (73% of itemized 2025 grant dollars)
- Latest 990 filing
- Form 990-PF, 2025 View filing
Data from IRS Form 990-PF, 2025; updated October 2026. New grantees are estimated by matching recipient names across years (methodology).
How to apply to Mfund Inc
- Accepts unsolicited proposals
- No
- How to Apply
-
MFUND does not accept unsolicited requests for funds and makes contributions only to preselected charitable organizations.
- Contact
Mailing address: 78 Hart Road, Guilford, CT 06437
Phone: (203) 415-5298
Application details from Grantable's research on the foundation's public materials; confirm on its website before applying.
Who Mfund Inc funds
How this funder distributes its grants
Top Recipients
Top 10 recipients in 2025
The largest 2025 recipient was Velodrome Development Foundation ($30K). Together the top 10 received $98K.
Grant Size Distribution
248 grants across all recorded years
The most common grant size was under $50K: 246 grants of 248 (99%).
Geographic Focus
Where this funder awards grants
In 2025, 73% of grant dollars went to recipients in Connecticut and 22% to recipients in Pennsylvania. Smaller shares went to New York (3%), Washington, DC (1%), and Virginia (0%).
Grant Distribution by State
Share of 2025 grant dollars across all 60 itemized grants.
States
Cities
Is Mfund Inc open to new grantees?
28%
first-time grantees, 2025
In 2025, 17 of 60 grantees (28%) were first-time recipients. First grants averaged $640; repeat grants $3K. How we count
Medians: $500 first-time, $1K repeat.
- 63% of 2025 grantees were also funded in 2024. Method
- Giving grew 31% from 2022 to 2025. Method
- In 2025 it paid out 110% of its IRS minimum distribution (the 5% rule). Method
Estimate from itemized grant lists in IRS Form 990-PF filings (2020–2025). Recipient names are matched across years, so a renamed or misspelled grantee can look new; grants to individuals are left out. Methodology.
Giving History
Giving Over Time
Total grant dollars and number of grants per year
From 2020 to 2025, annual grant giving ranged from $104K (2022) to $164K (2024). In 2025 it made 60 grants totaling $136K.
Grants by year
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| Velodrome Development Foundation Phoenixville, PA | General Support | $30,000 |
| Shoreline Arts Alliance Madison, CT | General Support | $15,008 |
| Elm Shakespeare Company New Haven, CT | General Support | $15,000 |
| Internation Festival of Arts & Ideas New Haven, CT | General Support | $12,500 |
| Cornell Scott Hill Health Center New Haven, CT | General Support | $6,300 |
| Anthony Trust Association New Haven, CT | General Support | $5,000 |
| Connecticut Farmland Trust Hartford, CT | General Support | $5,000 |
| Downtown Evening Soup Kitchen New Haven, CT | General Support | $3,000 |
| Orchestra New England New Haven, CT | General Support | $3,000 |
| The Legacy Theatre Branford, CT | General Support | $3,000 |
Ready to take the next step with Mfund Inc?
Financial History
Multi-year comparison from IRS filings
| Filing year | Total Assets | Revenue | Expenses | Grants paid | Grants | Qualifying Distributions | Net Investment Income | Distributable Amount |
|---|---|---|---|---|---|---|---|---|
| 2025 | $2,160,777 | $341,198 | $159,133 | $136,341 | 60 | $146,734 | $319,962 | $132,916 |
| 2024 | $2,463,917 | $133,522 | $264,184 | $164,471 | 44 | $200,890 | $106,121 | $115,772 |
| 2023 | $2,597,547 | $233,461 | $156,497 | $135,098 | 47 | $141,233 | $204,835 | $124,199 |
| 2022 | $2,516,276 | $113,374 | $131,459 | $103,804 | 49 | $112,343 | $88,456 | $116,317 |
| 2021 | $2,559,361 | $-58,592 | $143,175 | $110,418 | 48 | $116,946 | $36,996 | $124,725 |
| 2020 | $2,969,517 | $471,410 | $136,698 | $109,900 | 29 | — | $442,013 | $102,002 |
Under IRS private-foundation payout rules, Mfund Inc reported a distributable amount of $133K for 2025 — the minimum it must pay out in qualifying distributions.
Research compiled by Grantable AI from public sources. Last updated October 2026.
Mission & Focus Areas
The filing does not state a mission for MFUND. Its 2025 grants show support for organizations working in arts and culture, health, food assistance, farmland and land conservation, among other areas. For example, Shoreline Arts Alliance describes its mission as helping artists thrive through recognition, mentorship, networking, education, and professional development, and transforming lives through art. The Elm Shakespeare Company says it is a multicultural theater company that engages the New Haven community through Shakespeare’s plays. Connecticut Farmland Trust says it protects Connecticut farmland for agricultural use, while Downtown Evening Soup Kitchen says it serves people experiencing homelessness or poverty through food assistance and related services.
Grantmaking
In filing year 2025, MFUND reported 60 grants totaling $136,341. Grants ranged from $10 to $30,000, with a median of $500. The largest grants included $30,000 to Velodrome Development Foundation in Phoenixville, Pennsylvania; $15,008 to Shoreline Arts Alliance in Madison, Connecticut; $15,000 to the Elm Shakespeare Company in New Haven, Connecticut; and $12,500 to International Festival of Arts & Ideas in New Haven.
Other 2025 grants included $6,300 to Cornell Scott Hill Health Center, $5,000 each to Anthony Trust Association and Connecticut Farmland Trust, and $3,000 each to Downtown Evening Soup Kitchen, Orchestra New England, and The Legacy Theatre.
Leadership & Key People
Leadership team and compensation from IRS filings
The 2025 filing lists Frederick M Mayer as president and secretary and Melanie Barocas Mayer as vice president and treasurer.
Mfund Inc is led by Frederick M. Mayer, President & Secretary on every filing since 2020; none of the 2 officers listed in 2025 report compensation.
Officers on the 2025 filing
Frederick M. Mayer
President & Secretary
On filings since 2020
1 hr/week
No compensation reported
Melanie Barocas Mayer
Vice President & Treasurer
On filings since 2020
1 hr/week
No compensation reported
Data from IRS Form 990 filings, 2020–2025. "On filings since" is the earliest filing we hold that lists the person; hours are average hours per week as reported.
Frequently asked questions about Mfund Inc
How much does Mfund Inc give each year?
Mfund Inc gave $136K across 60 grants in 2025, according to its 2025 IRS Form 990-PF. In 2024 it gave $164K across 44 grants.
What is Mfund Inc's typical grant size?
Mfund Inc's median grant in 2025 was $500, and its average grant was $2,272, across 60 grants on its 2025 IRS Form 990-PF. Organizations receiving their first grant from Mfund Inc that year got $640 on average.
Where does Mfund Inc give grants?
Mfund Inc gives mostly in Connecticut: 73% of the grant dollars itemized on its 2025 IRS Form 990-PF went to recipients there. The next largest state was Pennsylvania (22%). The most frequent recipient cities were New Haven, CT (17 grants), Guilford, CT (11 grants), Branford, CT (3 grants) and New York, NY (3 grants).
Does Mfund Inc give general operating support?
Yes: 100% of Mfund Inc's 2025 grants with a stated purpose (60 of 60) were for general or operating support, per its 2025 IRS Form 990-PF.
Who are Mfund Inc's largest grantees?
Mfund Inc's largest 2025 grantees include Velodrome Development Foundation ($30,000), Shoreline Arts Alliance ($15,008) and Elm Shakespeare Company ($15,000), according to its 2025 IRS Form 990-PF. Together they received 44% of its itemized 2025 grant dollars.
How large is Mfund Inc?
Mfund Inc reported $2.2M in total assets on its 2025 IRS Form 990-PF. It paid out $147K in qualifying distributions that year, against a required minimum of $133K (roughly 5% of its investment assets).
What does Mfund Inc fund?
The filing does not state a mission for MFUND. Its 2025 grants show support for organizations working in arts and culture, health, food assistance, farmland and land conservation, among other areas. See mission & focus areas ↑
How do I apply for a grant from Mfund Inc?
MFUND does not accept unsolicited requests for funds and 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 Mfund Inc's EIN?
Mfund Inc's EIN (Employer Identification Number) is 26-1560414. IRS Form 990 filing data is available on this page for 2020–2025.
Does Mfund Inc 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 October 2026.
Data update history
(2)
When this profile's IRS filing data changed on Grantable
- Added Form 990-PF for fiscal year 2025 (received by the IRS August 25, 2026)
- IRS filings on file for fiscal years 2020–2024
Explore Open Grants
Browse active grant opportunities in Mfund Inc's focus areas in our free grants database
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Cite this profile
Grantable. (2026). Mfund Inc funder profile. GrantGraph. Retrieved October 12, 2026, from https://grantable.co/funders/mfund-inc-morg_6ba4aae0add54b46ab92f9900d4b6eda
BibTeX
@misc{grantable_261560414_2026,
author = {{Grantable}},
title = {{Mfund Inc funder profile}},
howpublished = {GrantGraph},
year = {2026},
url = {https://grantable.co/funders/mfund-inc-morg_6ba4aae0add54b46ab92f9900d4b6eda},
note = {Accessed 2026-10-12. Data licensed CC BY 4.0}
}The figures on this page are open data under CC BY 4.0: reuse them with credit to Grantable and a link. Download the data.
Figures come from Mfund Inc's IRS filings (methodology). AI-written summaries, news items and logos are not covered by the open licence. Spot an error? Email hello@grantable.co.
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