Michael & Grace Mastrangelo
Michael & Grace Mastrangelo 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.
Financial Overview
From 2023 IRS Form 990-PF · View filing
Total Assets
—
-100.0% YoY
Annual Giving
$274K
+4458.3% YoY
Grant Count
9
+350.0% YoY
Avg Grant Size
$30K
+913.0% YoY
Under IRS private-foundation payout rules, Michael & Grace Mastrangelo reported a distributable amount of $7K for 2023 — the minimum it must pay out in qualifying distributions.
About Michael & Grace Mastrangelo
Based on IRS filings
Michael & Grace Mastrangelo 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.
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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 | 2023 | 2022 | 2021 |
|---|---|---|---|
| Total Assets | — | $274,477 | $22,160 |
| Revenue | $4,068 | $258,941 | $27,408 |
| Expenses | $278,545 | $6,624 | $69,334 |
| Qualifying Distributions | $275,008 | $6,500 | — |
| Net Investment Income | $566 | $2,543 | $803 |
| Distributable Amount | $6,926 | $7,182 | $2,381 |
Giving Over Time
Total grant dollars and number of grants per year
Grant Insights
How this funder distributes its grants
Top Recipients
Top 9 recipients in 2023
Grant Size Distribution
55 grants across all recorded years
Giving History
Grant recipients and amounts by year
Among its reported 2023 grants, the largest include Junior Achievement ($35,000), St Elizabeth Ann Seton ($35,000), Matthew 25 ($35,000).
| Recipient | Purpose | Amount |
|---|---|---|
| BISHOP DWENGER HIGH SCHOOL FORT WAYNE, IN | OPERATING | $32,000 |
| JUNIOR ACHIEVEMENT FORT WAYNE, IN | OPERATING | $35,000 |
| UNIVERSITY OF ST FRANCIS FORT WAYNE, IN | OPERATING | $34,000 |
| 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 |
| FORT WAYNE PHILHARMONIC FORT WAYNE, IN | OPERATING | $30,000 |
| FT WAYNE MUSEUM OF ART FORT WAYNE, IN | OPERATING | $10,000 |
| FOELLINGER BOTANICAL GARDENS FORT WAYNE, IN | OPERATING | $27,500 |
Leadership & Key People
Officers and directors from IRS filings
Compensation Overview
From 2023 IRS filing
From 2023 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| VINCENT MASTRANGELO | PRESIDENT | — | — |
Frequently Asked Questions
Where does Michael & Grace Mastrangelo operate?
Michael & Grace Mastrangelo has awarded grants in Colorado, District of Columbia, Illinois, Indiana, Michigan, Montana, Oregon, Wisconsin.
What size grants does Michael & Grace Mastrangelo award?
In 2023, Michael & Grace Mastrangelo awarded 9 grants totaling $274K — an average of about $30K per grant, based on its IRS Form 990 filings.
How much is Michael & Grace Mastrangelo required to give away each year?
Private foundations must generally distribute about 5% of their assets annually. For 2023, Michael & Grace Mastrangelo 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's EIN?
Michael & Grace Mastrangelo's EIN (Employer Identification Number) is 35-6435906. IRS Form 990 filing data is available on this page for 2021–2023.
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Data last updated April 2026. Sourced from IRS Form 990-PF filings.