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.
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.
About Michael E Porter Family Foundation
Based on IRS filings
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.
Focus Areas
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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 | 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 |
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
Among its reported 2024 grants, the largest include Initiative for a Competitive Inner City Inc ($150,628), Boston Book Festival ($100,132), International Consortium for Health Outcomes Measu ($100,000).
| Recipient | Purpose | Amount |
|---|---|---|
| INTERNATIONAL CONSORTIUM FOR HEALTH OUTCOMES MEASU BOSTON, MA | General Charitable Needs | $100,000 |
| INITIATIVE FOR A COMPETITIVE INNER CITY INC Roxbury, MA | General Charitable Needs | $150,628 |
| BOSTON BOOK FESTIVAL BOSTON, MA | General Charitable Needs | $100,132 |
Leadership & Key People
Officers and directors from IRS filings
Compensation Overview
From 2024 IRS filing
From 2024 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| Sonia T Smyth | Trustee | 1 | — |
| Ilana Z Porter | Trustee | 1 | — |
Subject Areas
Focus areas based on grantmaking activity
Frequently Asked Questions
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.
How large is Michael E Porter Family Foundation?
As of 2024, Michael E Porter Family Foundation holds $15.7M in total assets with $4.2M in annual revenue. It awarded 3 grants totaling $351K in 2024.
Where does Michael E Porter Family Foundation operate?
Michael E Porter Family Foundation has awarded grants in Massachusetts, New Jersey, New York.
What size grants does Michael E Porter Family Foundation award?
In 2024, Michael E Porter Family Foundation awarded 3 grants totaling $351K — an average of about $117K per grant, based on its IRS Form 990 filings.
How much is Michael E Porter Family Foundation required to give away each year?
Private foundations must generally distribute about 5% of their assets annually. For 2024, Michael E Porter Family Foundation reported a distributable amount of $808K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.
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.
Explore Open Grants
Browse active grant opportunities in Michael E Porter Family Foundation's focus areas in our free grants database
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Data last updated April 2026. Sourced from IRS Form 990-PF filings.
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