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.
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
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 |
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 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
From 2024 IRS filing
From 2024 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 April 2026. Sourced from IRS Form 990-PF filings.
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