Michael Family Foundation Inc

WINSTON SALEM, NC EIN: 27-3790469

Michael Family Foundation Inc is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in WINSTON SALEM, NC. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $5.3M in total assets. In 2024, it awarded 7 grants totaling $75K. Net investment income was $395K.

Financial Overview

From 2024 IRS Form 990-PF · View filing

Total Assets

$5.3M

+7.7% YoY

Annual Giving

$75K

-25.0% YoY

Grant Count

+0.0% YoY

Avg Grant Size

$11K

-25.0% YoY

Under IRS private-foundation payout rules, Michael Family Foundation Inc reported a distributable amount of $323K for 2024 — the minimum it must pay out in qualifying distributions.

About Michael Family Foundation Inc

Based on IRS filings

Focus Areas

Philanthropy, Voluntarism & Grantmaking

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Geographic Focus

Where this funder awards grants

Grant Distribution by State

North Carolina $1.4M (99%)

Tennessee $20K (1%)

States

North Carolina Tennessee

Cities

CharlotteGreensboroMemphisMooresvilleSalisburySouthmonSouthmontWinston Salem

Financial History

Multi-year comparison from IRS filings

Revenue

Expenses

Qualifying Distributions

Net Investment Income

Metric	2024	2023	2022
Total Assets	$5,276,327	$4,897,088	$4,534,034
Revenue	$793,469	$492,386	$136,539
Expenses	$111,335	$128,928	$582,627
Qualifying Distributions	$75,000	$100,000	$539,859
Net Investment Income	$395,297	$464,184	$93,841
Distributable Amount	$322,599	$263,524	$292,773

Giving Over Time

Total grant dollars and number of grants per year

Grant Insights

How this funder distributes its grants

Top Recipients

Top 7 recipients in 2024

Grant Size Distribution

37 grants across all recorded years

Giving History

Grant recipients and amounts by year

Among its reported 2024 grants, the largest include Macedonia United Methodist Church ($25,000), Make A Wish ($10,000), United Way of Forsyth County ($10,000).

Recipient	Purpose	Amount
Make A Wish Greensboro, NC	Operations	$10,000
Forsyth Tech Foundation Winston Salem, NC	Operations	$5,000
Macedonia United Methodist Church Southmon, NC	Operations	$25,000
United Way of Forsyth County Winston Salem, NC	Operations	$10,000
Trellis Supportive Care Winston Salem, NC	Operations	$10,000
Feed NC Mooresville, NC	Operations	$10,000
Hospice & Palliative Care of Iredell County Mooresville, NC	Operations	$5,000

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 Foundation Inc?

Michael Family Foundation Inc is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in WINSTON SALEM, NC. It holds $5.3M in total assets as of 2024.

How large is Michael Family Foundation Inc?

As of 2024, Michael Family Foundation Inc holds $5.3M in total assets with $793K in annual revenue. It awarded 7 grants totaling $75K in 2024.

Where does Michael Family Foundation Inc operate?

Michael Family Foundation Inc has awarded grants in North Carolina, Tennessee.

What size grants does Michael Family Foundation Inc award?

In 2024, Michael Family Foundation Inc awarded 7 grants totaling $75K — an average of about $11K per grant, based on its IRS Form 990 filings.

How much is Michael Family Foundation Inc required to give away each year?

Private foundations must generally distribute about 5% of their assets annually. For 2024, Michael Family Foundation Inc reported a distributable amount of $323K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.