Michael & Grace Mastrangelo Foundation
Michael & Grace Mastrangelo Foundation is a private foundation, based in Birmingham, MI. IRS filing data is available from 2021 through 2023. In 2023, it awarded 9 grants totaling $274K. Net investment income was $566.
Michael & Grace Mastrangelo Foundation at a glance
In short: Michael & Grace Mastrangelo Foundation gave $274K across 9 grants in 2023 (avg $30K), mostly in Indiana. Source: 2023 IRS Form 990-PF.
- Annual giving (2023)
- $273,500
- +4458.3% vs 2022
- Grants made (2023)
- 9
- +350.0% vs 2022
- Average grant
- $30,389
- +913.0% vs 2022
- Median grant
- $34,000
- Primary geography
- Indiana (100% of itemized 2023 grant dollars)
- Latest 990 filing
- Form 990-PF, 2023 View filing
Data from IRS Form 990-PF, 2023; updated September 2026.
Who Michael & Grace Mastrangelo Foundation funds
How this funder distributes its grants
Top Recipients
Top 9 recipients in 2023
The largest 2023 recipient was Junior Achievement ($35K). Together the top 9 received $274K.
Grant Size Distribution
55 grants across all recorded years
The most common grant size was under $50K: 55 grants of 55 (100%).
Geographic Focus
Where this funder awards grants
Grant Distribution by State
Share of 2023 grant dollars across all 9 itemized grants.
Cities
How Michael & Grace Mastrangelo Foundation gives
- In 2023 it paid out well above its IRS minimum distribution (the 5% rule). Method
From the foundation's IRS Form 990-PF filings. Methodology.
Giving History
Giving Over Time
Total grant dollars and number of grants per year
From 2021 to 2023, annual grant giving ranged from $6K (2022) to $274K (2023). In 2023 it made 9 grants totaling $274K.
Grants by year
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| Junior Achievement Fort Wayne, IN | Operating | $35,000 |
| St Elizabeth Ann Seton Fort Wayne, IN | Operating | $35,000 |
| Matthew 25 Fort Wayne, IN | Operating | $35,000 |
| Big Brothers Big Sisters Nei Fort Wayne, IN | Operating | $35,000 |
| University of St Francis Fort Wayne, IN | Operating | $34,000 |
| Bishop Dwenger High School Fort Wayne, IN | Operating | $32,000 |
| Fort Wayne Philharmonic Fort Wayne, IN | Operating | $30,000 |
| Foellinger Botanical Gardens Fort Wayne, IN | Operating | $27,500 |
| Ft Wayne Museum of Art Fort Wayne, IN | Operating | $10,000 |
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Financial History
Multi-year comparison from IRS filings
| Filing year | Total Assets | Revenue | Expenses | Grants paid | Grants | Qualifying Distributions | Net Investment Income | Distributable Amount |
|---|---|---|---|---|---|---|---|---|
| 2023 | — | $4,068 | $278,545 | $273,500 | 9 | $275,008 | $566 | $6,926 |
| 2022 | $274,477 | $258,941 | $6,624 | $6,000 | 2 | $6,500 | $2,543 | $7,182 |
| 2021 | $22,160 | $27,408 | $69,334 | $68,544 | 44 | — | $803 | $2,381 |
Under IRS private-foundation payout rules, Michael & Grace Mastrangelo Foundation reported a distributable amount of $7K for 2023 — the minimum it must pay out in qualifying distributions.
Leadership & Key People
Officers and directors from IRS filings
Michael & Grace Mastrangelo Foundation is led by Vincent Mastrangelo, President on every filing since 2021 — the only officer listed, and uncompensated.
Officers on the 2023 filing
Vincent Mastrangelo
President
On filings since 2021
No compensation reported
Data from IRS Form 990 filings, 2021–2023. "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 Michael & Grace Mastrangelo Foundation
How much does Michael & Grace Mastrangelo Foundation give each year?
Michael & Grace Mastrangelo Foundation gave $274K across 9 grants in 2023, according to its 2023 IRS Form 990-PF. In 2022 it gave $6K across 2 grants.
What is Michael & Grace Mastrangelo Foundation's typical grant size?
Michael & Grace Mastrangelo Foundation's median grant in 2023 was $34,000, and its average grant was $30,389, across 9 grants on its 2023 IRS Form 990-PF.
Where does Michael & Grace Mastrangelo Foundation give grants?
Michael & Grace Mastrangelo Foundation gives mostly in Indiana: 100% of the grant dollars itemized on its 2023 IRS Form 990-PF went to recipients there. The most frequent recipient cities were Fort Wayne, IN (9 grants).
Does Michael & Grace Mastrangelo Foundation give general operating support?
Yes: 100% of Michael & Grace Mastrangelo Foundation's 2023 grants with a stated purpose (9 of 9) were for general or operating support, per its 2023 IRS Form 990-PF.
Who are Michael & Grace Mastrangelo Foundation's largest grantees?
Michael & Grace Mastrangelo Foundation's largest 2023 grantees include Junior Achievement ($35,000), St Elizabeth Ann Seton ($35,000) and Matthew 25 ($35,000), according to its 2023 IRS Form 990-PF. Together they received 38% of its itemized 2023 grant dollars.
How much is Michael & Grace Mastrangelo Foundation required to give away each year?
Private foundations must generally distribute about 5% of their assets annually. For 2023, Michael & Grace Mastrangelo Foundation reported a distributable amount of $7K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.
What is Michael & Grace Mastrangelo Foundation's EIN?
Michael & Grace Mastrangelo Foundation's EIN (Employer Identification Number) is 35-6435906. IRS Form 990 filing data is available on this page for 2021–2023.
Data last updated September 2026. Sourced from IRS Form 990-PF filings.
Data update history
(1)
When this profile's IRS filing data changed on Grantable
- IRS filings on file for fiscal years 2021–2023
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