MGW Foundation Inc

Private foundation · Grantmaker Brooklyn, NY EIN: 81-2957405

MGW Foundation Inc is a private foundation, based in Brooklyn, NY. IRS filing data is available from 2019 through 2025. As of 2025, the organization holds $109K in total assets. In 2025, it awarded 1 grant totaling $303K.

Key facts about MGW Foundation Inc

In short: MGW Foundation Inc gave $303K across 1 grant in 2025 (avg $303K), mostly in New York. Source: 2025 IRS Form 990-PF.

EIN
81-2957405
Latest 990 filing
Form 990-PF, 2025
Annual giving (2025)
$302,825
Grants made (2025)
1
Average grant
$302,825
Median grant
$302,825
Total assets
$108,947
Primary geography
New York (100% of itemized 2025 grant dollars)

Data from IRS Form 990-PF, 2025; updated September 2026.

Financial Overview

From 2025 IRS Form 990-PF · View filing

Total Assets

$109K

+15.5% YoY

Annual Giving

$303K

+17.1% YoY

Grant Count

1

+0.0% YoY

Avg Grant Size

$303K

+17.1% YoY

Under IRS private-foundation payout rules, MGW Foundation Inc reported a distributable amount of $5K for 2025 — the minimum it must pay out in qualifying distributions.

How MGW Foundation Inc gives

  • Giving grew 104% from 2022 to 2025. Method
  • In 2025 it paid out well above 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

2states

Share of the 2025 grant dollars on its one itemized grant.

Cities

BrooklynLakewoodBrookynMonseyNew York

Giving Over Time

Total grant dollars and number of grants per year

$0$100K$200K$300K$400K18 grants2019 17 grants2020 1 grant2021 1 grant2022 1 grant2023 1 grant2024 1 grant2025

From 2019 to 2025, annual grant giving ranged from $148K (2022) to $303K (2025). In 2025 it made 1 grant totaling $303K.

Grant Insights

How this funder distributes its grants

Grant Size Distribution

5 grants across all recorded years

<$50K$50–100K2$100–250K3$250–500K$500K–1M$1–5M$5M+

The most common grant size was in the $250–500K range: 3 grants of 5 (60%).

Giving History

Grant recipients and amounts by year

RecipientPurposeAmount
See Attached Schedule Brooklyn, NYSupport for Schools and Synagogues$302,825

Financial History

Multi-year comparison from IRS filings

Revenue
Expenses
Qualifying Distributions
$0$100K$200K$300K$400K2019 2020 2021 2022 2023 2024 2025
Metric202520242023
Total Assets$108,947$94,322$80,546
Revenue$320,000$275,000$245,000
Expenses$305,375$261,224$238,200
Qualifying Distributions$305,375$261,224$235,700
Distributable Amount$4,577$4,306$3,799

Data update history

When this profile's IRS filing data changed on Grantable

  1. Updated Form 990-PF for fiscal year 2019 (received by the IRS January 28, 2020)
  2. Updated Form 990-PF for fiscal year 2020 (received by the IRS March 9, 2021)
  3. Updated Form 990-PF for fiscal year 2021 (received by the IRS April 13, 2022)
  4. Updated Form 990-PF for fiscal year 2022 (received by the IRS March 6, 2023)
  5. Updated Form 990-PF for fiscal year 2023 (received by the IRS February 20, 2024)
  6. Updated Form 990-PF for fiscal year 2024 (received by the IRS January 28, 2025)
  7. Updated Form 990-PF for fiscal year 2025 (received by the IRS February 25, 2026)
  8. IRS filings on file for fiscal years 2019–2025

Leadership & Key People

Officers and directors from IRS filings

MGW Foundation Inc is led by David Weiss, President on every filing since 2019; none of the 3 officers listed in 2025 report compensation.

Officers on the 2025 filing

  • David Weiss

    President

    On filings since 2019

    No compensation reported

  • Gitty Weiss

    Vice President

    On filings since 2019

    No compensation reported

  • Mindy Englard

    Secretary

    On filings since 2019

    No compensation reported

Data from IRS Form 990 filings, 2019–2025. "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 MGW Foundation Inc

How much does MGW Foundation Inc give each year?

MGW Foundation Inc gave $303K across 1 grant in 2025, according to its 2025 IRS Form 990-PF. In 2024 it gave $259K across 1 grant.

How large is MGW Foundation Inc?

MGW Foundation Inc reported $109K in total assets on its 2025 IRS Form 990-PF. It paid out $305K in qualifying distributions that year, against a required minimum of $5K (roughly 5% of its investment assets).

Where does MGW Foundation Inc operate?

MGW Foundation Inc has awarded grants in New Jersey, New York.

What is MGW Foundation Inc's EIN?

MGW Foundation Inc's EIN (Employer Identification Number) is 81-2957405. IRS Form 990 filing data is available on this page for 2019–2025.

Data last updated September 2026. Sourced from IRS Form 990-PF filings.

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More Funders in New York

MGW Foundation Inc down — hundreds of funders to go?

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