Michael Family Foundation Inc
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.
Key facts about Michael Family Foundation Inc
- EIN
- 27-3790469
- Latest 990 filing
- Form 990-PF, 2024
- Annual giving (2024)
- $75,000
- Grants made (2024)
- 7
- Average grant
- $10,714
- Median grant
- $10,000
- Total assets
- $5,276,327
- Primary geography
- North Carolina (100% of itemized 2024 grant dollars)
Data from IRS Form 990-PF, 2024; updated September 2026.
Who Michael Family Foundation Inc funds
By grant dollars, the top recipient states for Michael Family Foundation Inc's 7 itemized 2024 grants were North Carolina (100%). The most frequent recipient cities were Winston Salem, NC (3 grants) and Mooresville, NC (2 grants). None of its 7 grants with a stated purpose were described as general or operating support. Recurring purposes include "Operations" (7 grants).
How Michael Family Foundation Inc gives
- Giving fell 77% from 2021 to 2024. Method
- In 2024 it paid out 23% 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.
Next steps with Michael Family Foundation Inc
- How to evaluate Michael Family Foundation Inc as a funder
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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
7
+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
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.
Focus Areas
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Geographic Focus
Where this funder awards grants
Grant Distribution by State
Share of all 7 itemized 2024 grant dollars.
States
Cities
Financial History
Multi-year comparison from IRS filings
| 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 |
Data update history
When this profile's IRS filing data changed on Grantable
- IRS filings on file for fiscal years 2020–2024
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 recipients include Macedonia United Methodist Church ($25,000), Make A Wish ($10,000), United Way of Forsyth County ($10,000).
| Recipient | Purpose | Amount |
|---|---|---|
| Macedonia United Methodist Church Southmon, NC | Operations | $25,000 |
| Make A Wish Greensboro, NC | Operations | $10,000 |
| 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 |
| Forsyth Tech Foundation Winston Salem, NC | Operations | $5,000 |
| Hospice & Palliative Care of Iredell County Mooresville, NC | Operations | $5,000 |
Leadership & Key People
Officers and directors from IRS filings
Compensation Overview
No officer or director reported compensation in the available filings.
From 2022 IRS filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| Chester a Michael III | President | — | — |
| Teresa T Michael | Vice President | — | — |
| Thomas L Paulson | Secretary | — | — |
Subject Areas
Focus areas based on grantmaking activity
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.
What is Michael Family Foundation Inc's EIN?
Michael Family Foundation Inc's EIN (Employer Identification Number) is 27-3790469. IRS Form 990 filing data is available on this page for 2020–2024.
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Data last updated September 2026. Sourced from IRS Form 990-PF filings.