Mgg Foundation is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, 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.
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.
About Mgg Foundation
Based on IRS filings
Mgg Foundation is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, 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.
Focus Areas
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Geographic Focus
Where this funder awards grants
Grant Distribution by State
Cities
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 |
Giving Over Time
Total grant dollars and number of grants per year
Grant Insights
How this funder distributes its grants
Top Recipients
Top 4 recipients in 2024
Grant Size Distribution
59 grants across all recorded years
Giving History
Grant recipients and amounts by year
Among its reported 2024 grants, the largest include The Young Men's & Young Women's Hebrew Association ($466,640), The Young Men's & Young Women's Hebrew Association ($50,000), West Side Montessori School ($11,200).
| Recipient | Purpose | Amount |
|---|---|---|
| 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 |
| THE YOUNG MEN'S & YOUNG WOMEN'S HEBREW ASSOCIATION NEW YORK, NY | PUBLIC CHARITY | $50,000 |
| THE YOUNG MEN'S & YOUNG WOMEN'S HEBREW ASSOCIATION NEW YORK, NY | PUBLIC CHARITY | $466,640 |
Leadership & Key People
Officers and directors from IRS filings
Compensation Overview
From 2024 IRS filing
From 2024 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| MEREDITH M POLIVY | PRESIDENT | — | — |
| PHILIP L MILSTEIN | VICE PRESIDENT | — | — |
| PETER GROSSMAN | TREASURER / SEC'Y | — | — |
Subject Areas
Focus areas based on grantmaking activity
Frequently Asked Questions
What is Mgg Foundation?
Mgg Foundation is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in NEW YORK, NY. It holds $3.6M in total assets as of 2024.
How large is Mgg Foundation?
As of 2024, Mgg Foundation holds $3.6M in total assets with $879K in annual revenue. It awarded 4 grants totaling $538K in 2024.
Where does Mgg Foundation operate?
Mgg Foundation has awarded grants in California, District of Columbia, New York.
What size grants does Mgg Foundation award?
In 2024, Mgg Foundation awarded 4 grants totaling $538K — an average of about $134K per grant, based on its IRS Form 990 filings.
How much is Mgg Foundation required to give away each year?
Private foundations must generally distribute about 5% of their assets annually. For 2024, Mgg Foundation reported a distributable amount of $191K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.
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.
Explore Open Grants
Browse active grant opportunities in Mgg Foundation's focus areas in our free grants database
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Data last updated April 2026. Sourced from IRS Form 990-PF filings.
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