Michael E Porter Family Foundation
Michael E Porter Family Foundation is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in Albany, NY. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $15.7M in total assets. In 2024, it awarded 3 grants totaling $351K. Net investment income was $3.2M.
Key facts about Michael E Porter Family Foundation
In short: Michael E Porter Family Foundation gave $351K across 3 grants in 2024 (avg $117K), mostly in Massachusetts. Source: 2024 IRS Form 990-PF.
- EIN
- 47-6693100
- Latest 990 filing
- Form 990-PF, 2024
- Annual giving (2024)
- $350,760
- Grants made (2024)
- 3
- Average grant
- $116,920
- Median grant
- $100,132
- Total assets
- $15,729,562
- Primary geography
- Massachusetts (100% of itemized 2024 grant dollars)
Data from IRS Form 990-PF, 2024; updated September 2026.
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$15.7M
+28.3% YoY
Annual Giving
$351K
-0.7% YoY
Grant Count
3
+0.0% YoY
Avg Grant Size
$117K
-0.7% YoY
Under IRS private-foundation payout rules, Michael E Porter Family Foundation reported a distributable amount of $808K for 2024 — the minimum it must pay out in qualifying distributions.
How Michael E Porter Family Foundation gives
- Giving grew 602% from 2021 to 2024. Method
- In 2024 it paid out 43% of its IRS minimum distribution (the 5% rule). Foundations have until the end of the next year to meet it. Method
From the foundation's IRS Form 990-PF filings. Methodology.
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Geographic Focus
Where this funder awards grants
Grant Distribution by State
Share of all 3 itemized 2024 grant dollars.
Cities
Giving Over Time
Total grant dollars and number of grants per year
Grant Insights
How this funder distributes its grants
Top Recipients
Top 3 recipients in 2024
Grant Size Distribution
17 grants across all recorded years
Giving History
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| INITIATIVE FOR A COMPETITIVE INNER CITY INC Roxbury, MA | General Charitable Needs | $150,628 |
| BOSTON BOOK FESTIVAL Boston, MA | General Charitable Needs | $100,132 |
| INTERNATIONAL CONSORTIUM FOR HEALTH OUTCOMES MEASU Boston, MA | General Charitable Needs | $100,000 |
Financial History
Multi-year comparison from IRS filings
| Metric | 2024 | 2023 | 2022 |
|---|---|---|---|
| Total Assets | $15,729,562 | $12,260,797 | $6,788,721 |
| Revenue | $4,165,325 | $5,865,822 | $3,115,618 |
| Expenses | $696,560 | $393,746 | $175,081 |
| Qualifying Distributions | $350,760 | $353,105 | $172,603 |
| Net Investment Income | $3,243,133 | $8,977,190 | $159,898 |
| Distributable Amount | $807,863 | $409,834 | $298,705 |
Data update history
When this profile's IRS filing data changed on Grantable
- IRS filings on file for fiscal years 2020–2024
Leadership & Key People
Officers and directors from IRS filings
Michael E Porter Family Foundation's 2024 filing lists 2 officers; none of the 2 officers listed in 2024 report compensation.
Officers on the 2024 filing
Ilana Z Porter
Trustee
On filings since 2021
1 hr/week
No compensation reported
Sonia T Smyth
Trustee
On filings since 2021
1 hr/week
No compensation reported
Former officers (1)
- Former: Michael E Porter (2020–2021) — Trustee
Data from IRS Form 990 filings, 2020–2024. "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 E Porter Family Foundation
How much does Michael E Porter Family Foundation give each year?
Michael E Porter Family Foundation gave $351K across 3 grants in 2024, according to its 2024 IRS Form 990-PF. In 2023 it gave $353K across 3 grants.
What is Michael E Porter Family Foundation's typical grant size?
Michael E Porter Family Foundation's median grant in 2024 was $100,132, and its average grant was $116,920, across 3 grants on its 2024 IRS Form 990-PF.
Where does Michael E Porter Family Foundation give grants?
Michael E Porter Family Foundation gives mostly in Massachusetts: 100% of the grant dollars itemized on its 2024 IRS Form 990-PF went to recipients there. The most frequent recipient cities were Boston, MA (2 grants).
Does Michael E Porter Family Foundation give general operating support?
Yes: 100% of Michael E Porter Family Foundation's 2024 grants with a stated purpose (3 of 3) were for general or operating support, per its 2024 IRS Form 990-PF.
How large is Michael E Porter Family Foundation?
Michael E Porter Family Foundation reported $15.7M in total assets on its 2024 IRS Form 990-PF. It paid out $351K in qualifying distributions that year, against a required minimum of $808K (roughly 5% of its investment assets).
What is Michael E Porter Family Foundation?
Michael E Porter Family Foundation is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in Albany, NY. It holds $15.7M in total assets as of 2024.
What is Michael E Porter Family Foundation's EIN?
Michael E Porter Family Foundation's EIN (Employer Identification Number) is 47-6693100. IRS Form 990 filing data is available on this page for 2020–2024.
Data last updated September 2026. Sourced from IRS Form 990-PF filings.
Here's the math on researching Michael E Porter Family Foundation by hand.
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