Michael and Debbie Felix
Michael and Debbie Felix is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in Newport Beach, CA. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $534K in total assets. In 2024, it awarded 4 grants totaling $63K. Net investment income was $12K.
Key facts about Michael and Debbie Felix
- EIN
- 84-3516341
- Latest 990 filing
- Form 990-PF, 2024
- Annual giving (2024)
- $63,000
- Grants made (2024)
- 4
- Average grant
- $15,750
- Median grant
- $12,500
- Total assets
- $534,320
- Primary geography
- California (100% of itemized 2024 grant dollars)
Data from IRS Form 990-PF, 2024; updated September 2026.
Who Michael and Debbie Felix funds
By grant dollars, the top recipient states for Michael and Debbie Felix's 4 itemized 2024 grants were California (100%). The most frequent recipient cities were Los Angeles, CA (3 grants). 25% of grants with a stated purpose were for general or operating support.
How Michael and Debbie Felix gives
- Giving grew 40% from 2021 to 2024. Method
- In 2024 it paid out 289% of its IRS minimum distribution (the 5% rule). Method
From the foundation's IRS Form 990-PF filings. Methodology.
Next steps with Michael and Debbie Felix
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Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$534K
+9.4% YoY
Annual Giving
$63K
+359.9% YoY
Grant Count
4
+300.0% YoY
Avg Grant Size
$16K
+15.0% YoY
Under IRS private-foundation payout rules, Michael and Debbie Felix reported a distributable amount of $22K for 2024 — the minimum it must pay out in qualifying distributions.
About Michael and Debbie Felix
Based on IRS filings
Michael and Debbie Felix is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in Newport Beach, CA. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $534K in total assets. In 2024, it awarded 4 grants totaling $63K. Net investment income was $12K.
Focus Areas
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Geographic Focus
Where this funder awards grants
Grant Distribution by State
Share of all 4 itemized 2024 grant dollars.
States
Cities
Financial History
Multi-year comparison from IRS filings
| Metric | 2024 | 2023 | 2022 |
|---|---|---|---|
| Total Assets | $534,320 | $488,610 | $405,900 |
| Revenue | $108,824 | $100,000 | — |
| Expenses | $63,114 | $17,290 | $19,590 |
| Qualifying Distributions | $63,000 | $13,700 | $16,000 |
| Net Investment Income | $12,474 | — | — |
| Distributable Amount | $21,835 | $2,463 | $18,836 |
Data update history
When this profile's IRS filing data changed on Grantable
- IRS filings on file for fiscal years 2020–2024
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
10 grants across all recorded years
Giving History
Grant recipients and amounts by year
Among its reported 2024 grants, the largest recipients include University of Southern California ($30,000), Our Savior Parishusc Caruso Cathol ($15,000), Cristo Rey Orange County ($10,000).
| Recipient | Purpose | Amount |
|---|---|---|
| UNIVERSITY OF SOUTHERN CALIFORNIA Los Angeles, CA | CHARITABLE- GENERAL | $30,000 |
| OUR SAVIOR PARISHUSC CARUSO CATHOL Los Angeles, CA | PROGRAMMING & SCHOLARSHIPS | $15,000 |
| CRISTO REY ORANGE COUNTY Santa Ana, CA | SCHOLARSHIPS | $10,000 |
| USC ASSOCIATES Los Angeles, CA | SCHOLARSHIPS | $8,000 |
Leadership & Key People
Officers and directors from IRS filings
Compensation Overview
No officer or director reported compensation in the available filings.
From 2024 IRS filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| Deborah Felix | Officer | — | — |
| Michael Felix | President | — | — |
Subject Areas
Focus areas based on grantmaking activity
Frequently Asked Questions
What is Michael and Debbie Felix?
Michael and Debbie Felix is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in Newport Beach, CA. It holds $534K in total assets as of 2024.
How large is Michael and Debbie Felix?
As of 2024, Michael and Debbie Felix holds $534K in total assets with $109K in annual revenue. It awarded 4 grants totaling $63K in 2024.
Where does Michael and Debbie Felix operate?
Michael and Debbie Felix has awarded grants in California.
What size grants does Michael and Debbie Felix award?
In 2024, Michael and Debbie Felix awarded 4 grants totaling $63K — an average of about $16K per grant, based on its IRS Form 990 filings.
How much is Michael and Debbie Felix required to give away each year?
Private foundations must generally distribute about 5% of their assets annually. For 2024, Michael and Debbie Felix reported a distributable amount of $22K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.
What is Michael and Debbie Felix's EIN?
Michael and Debbie Felix's EIN (Employer Identification Number) is 84-3516341. IRS Form 990 filing data is available on this page for 2020–2024.
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Data last updated September 2026. Sourced from IRS Form 990-PF filings.