MGG Foundation
MGG Foundation is a private foundation, based in New York, NY. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $3.6M in total assets. In 2024, it awarded 4 grants totaling $538K. Net investment income was $81K.
Key facts about MGG Foundation
In short: MGG Foundation gave $538K across 4 grants in 2024 (avg $134K), mostly in New York. Source: 2024 IRS Form 990-PF.
- EIN
- 20-4212751
- Latest 990 filing
- Form 990-PF, 2024
- Annual giving (2024)
- $537,840
- Grants made (2024)
- 4
- Average grant
- $134,460
- Median grant
- $30,600
- Total assets
- $3,555,210
- Primary geography
- New York (100% of itemized 2024 grant dollars)
Data from IRS Form 990-PF, 2024; updated September 2026.
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$3.6M
+9.7% YoY
Annual Giving
$538K
+201.8% YoY
Grant Count
4
-69.2% YoY
Avg Grant Size
$134K
+880.9% YoY
Under IRS private-foundation payout rules, MGG Foundation reported a distributable amount of $191K for 2024 — the minimum it must pay out in qualifying distributions.
How MGG Foundation gives
- Giving grew 498% from 2021 to 2024. Method
- In 2024 it paid out 283% of its IRS minimum distribution (the 5% rule). Method
From the foundation's IRS Form 990-PF filings. Methodology.
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Geographic Focus
Where this funder awards grants
Grant Distribution by State
Share of 2024 grant dollars across all 4 itemized grants.
Cities
Giving Over Time
Total grant dollars and number of grants per year
From 2020 to 2024, annual grant giving ranged from $90K (2021) to $538K (2024). In 2024 it made 4 grants totaling $538K.
Grant Insights
How this funder distributes its grants
Top Recipients
Top 3 recipients in 2024
The largest 2024 recipient was The Young Men's & Young Women's Hebrew Association ($517K across 2 grants). Together the top 3 received $538K.
Grant Size Distribution
59 grants across all recorded years
The most common grant size was under $50K: 50 grants of 59 (85%).
Giving History
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| The Young Men's & Young Women's Hebrew Association New York, NY | Public Charity | $466,640 |
| The Young Men's & Young Women's Hebrew Association New York, NY | Public Charity | $50,000 |
| West Side Montessori School New York, NY | Public Charity | $11,200 |
| Trustees of Columbia University in the City of New York New York, NY | Public Charity | $10,000 |
Financial History
Multi-year comparison from IRS filings
| Metric | 2024 | 2023 | 2022 |
|---|---|---|---|
| Total Assets | $3,555,210 | $3,240,470 | $2,959,299 |
| Revenue | $878,657 | $482,381 | $431,513 |
| Expenses | $563,917 | $201,210 | $169,441 |
| Qualifying Distributions | $538,188 | $178,411 | $143,148 |
| Net Investment Income | $80,912 | $85,344 | $37,194 |
| Distributable Amount | $190,509 | $146,358 | $131,689 |
Data update history
When this profile's IRS filing data changed on Grantable
- IRS filings on file for fiscal years 2020–2024
Leadership & Key People
Officers and directors from IRS filings
MGG Foundation is led by Meredith M. Polivy, President on every filing since 2021; none of the 3 officers listed in 2024 report compensation.
Officers on the 2024 filing
Meredith M. Polivy
President
On filings since 2021
No compensation reported
Peter Grossman
Treasurer & Sec'y
On filings since 2020
No compensation reported
Philip L. Milstein
Vice President
On filings since 2020
No compensation reported
Former officers (1)
- Former: Meredith G. Milstein (2020) — President
Data from IRS Form 990 filings, 2020–2024. "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 MGG Foundation
How much does MGG Foundation give each year?
MGG Foundation gave $538K across 4 grants in 2024, according to its 2024 IRS Form 990-PF. In 2023 it gave $178K across 13 grants.
What is MGG Foundation's typical grant size?
MGG Foundation's median grant in 2024 was $30,600, and its average grant was $134,460, across 4 grants on its 2024 IRS Form 990-PF.
Where does MGG Foundation give grants?
MGG Foundation gives mostly in New York: 100% of the grant dollars itemized on its 2024 IRS Form 990-PF went to recipients there. The most frequent recipient cities were New York, NY (4 grants).
Does MGG Foundation give general operating support?
Not in 2024: none of the 4 grants with a stated purpose on MGG Foundation's 2024 IRS Form 990-PF were described as general or operating support. Recurring purposes include "Public Charity" (4 grants).
How large is MGG Foundation?
MGG Foundation reported $3.6M in total assets on its 2024 IRS Form 990-PF. It paid out $538K in qualifying distributions that year, against a required minimum of $191K (roughly 5% of its investment assets).
What is MGG Foundation's EIN?
MGG Foundation's EIN (Employer Identification Number) is 20-4212751. IRS Form 990 filing data is available on this page for 2020–2024.
Data last updated September 2026. Sourced from IRS Form 990-PF filings.
Here's the math on researching MGG Foundation by hand.
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