Michael Family Charitable Fund

MANAKIN SABOT, VA EIN: 87-4080303

Michael Family Charitable Fund is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in MANAKIN SABOT, VA. IRS filing data is available from 2021 through 2024. As of 2024, the organization holds $898K in total assets. In 2024, it awarded 2 grants totaling $39K. Net investment income was $474K.

Financial Overview

From 2024 IRS Form 990-PF · View filing

Total Assets

$898K

+231.0% YoY

Annual Giving

$39K

-12.0% YoY

Grant Count

+0.0% YoY

Avg Grant Size

$19K

-12.0% YoY

Under IRS private-foundation payout rules, Michael Family Charitable Fund reported a distributable amount of $26K for 2024 — the minimum it must pay out in qualifying distributions.

About Michael Family Charitable Fund

Based on IRS filings

Focus Areas

Philanthropy, Voluntarism & Grantmaking

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Geographic Focus

Where this funder awards grants

Grant Distribution by State

Texas $76K (92%)

Virginia $6K (8%)

States

Texas Virginia

Cities

DallasRichmond

Financial History

Multi-year comparison from IRS filings

Revenue

Expenses

Qualifying Distributions

Net Investment Income

Metric	2024	2023	2022
Total Assets	$897,547	$271,144	$159,835
Revenue	$1,136,438	$4,612	$6,367
Expenses	$40,898	$45,567	$5,175
Qualifying Distributions	$39,432	$44,642	$2,500
Net Investment Income	$474,049	$3,687	$3,692
Distributable Amount	$26,050	$14,976	$15,508

Giving Over Time

Total grant dollars and number of grants per year

Grant Insights

How this funder distributes its grants

Top Recipients

Top 2 recipients in 2024

Grant Size Distribution

4 grants across all recorded years

Giving History

Grant recipients and amounts by year

Among its reported 2024 grants, the largest include Community Homes for Adults Inc ($36,000), The Richmond Forum ($2,645).

Recipient	Purpose	Amount
Community Homes for Adults Inc Dallas, TX	TO HELP ADDRESS THE NEED FOR SAFE, SUPPORTIVE HOUSING AND SERVICES FOR ADULTS WITH INTELLECTUAL AND DEVELOPMENTAL DISABILITIES (IDD).	$36,000
The Richmond Forum Richmond, VA	TO PRESENT POWERFUL VOICES SO RICHMOND CAN LEARN. TO EMPOWER LOCAL VOICES SO RICHMOND CAN LEAD.	$2,645

Leadership & Key People

Officers and directors from IRS filings

Compensation Overview

From 2024 IRS filing

No officer/director data available.

Subject Areas

Focus areas based on grantmaking activity

Philanthropy, Voluntarism & Grantmaking

Frequently Asked Questions

What is Michael Family Charitable Fund?

Michael Family Charitable Fund is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in MANAKIN SABOT, VA. It holds $898K in total assets as of 2024.

How large is Michael Family Charitable Fund?

As of 2024, Michael Family Charitable Fund holds $898K in total assets with $1.1M in annual revenue. It awarded 2 grants totaling $39K in 2024.

Where does Michael Family Charitable Fund operate?

Michael Family Charitable Fund has awarded grants in Texas, Virginia.

What size grants does Michael Family Charitable Fund award?

In 2024, Michael Family Charitable Fund awarded 2 grants totaling $39K — an average of about $19K per grant, based on its IRS Form 990 filings.

How much is Michael Family Charitable Fund required to give away each year?

Private foundations must generally distribute about 5% of their assets annually. For 2024, Michael Family Charitable Fund reported a distributable amount of $26K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.

What is Michael Family Charitable Fund's EIN?

Michael Family Charitable Fund's EIN (Employer Identification Number) is 87-4080303. IRS Form 990 filing data is available on this page for 2021–2024.