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
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
No grants recorded for .
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
Related Funders
Similar funders by location and focus area
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NEW YORK, NY
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Total Given
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Data last updated April 2026. Sourced from IRS Form 990-PF filings.
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