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.
Ready to take the next step with Michael & Grace Mastrangelo?
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.
Explore Open Grants
Browse active grant opportunities in Michael & Grace Mastrangelo's focus areas in our free grants database
Similar Funders
Funders that support many of the same organizations
Mary Cross Tippmann Foundation
FORT WAYNE, IN
Assets
$187.7M
Grants
95
Total Given
$8.2M
Vanguard Charitable Endowment Program
SOUTHEASTERN, PA
Assets
$22.2B
Grants
24,269
Total Given
$3.0B
Magee-o'connor Foundation Inc
GEORGETOWN, TX
Assets
$5.3M
Grants
40
Total Given
$285K
The Blackbaud Giving Fund
CHARLESTON SC, SC
Assets
$52.7M
Grants
1,860
Total Given
$41.4M
National Philanthropic Trust
JENKINTOWN, PA
Assets
$42.2B
Grants
18,583
Total Given
$5.1B
The Us Charitable Gift Trust
BOSTON, MA
Assets
$2.2B
Grants
6,518
Total Given
$231.4M
The James Foundation Inc
AUBURN, IN
Assets
—
Grants
85
Total Given
$11.7M
Morgan Stanley Global Impact Funding Trust Inc
INDIANAPOLIS, IN
Assets
$9.1B
Grants
19,253
Total Given
$1.2B
Lincoln Financial Foundation Inc
RADNOR, PA
Assets
$6.2M
Grants
2,479
Total Given
$8.3M
Natl Christian Charitable Fdn Inc
ALPHARETTA, GA
Assets
$6.1B
Grants
16,327
Total Given
$2.6B
Ian & Miriam Rolland Foundation
COLUMBUS, OH
Assets
$9.2M
Grants
52
Total Given
$612K
Ernst & Young Foundation
NEW YORK, NY
Assets
$43.3M
Grants
631
Total Given
$16.8M
Data last updated April 2026. Sourced from IRS Form 990-PF filings.
What could you do with Michael & Grace Mastrangelo on Grantable?
- Assess strategic fit with your organization
- Draft a tailored letter of inquiry
- Find open RFPs from this funder
- Monitor for new funding opportunities