Michael Family Foundation Inc
Michael Family Foundation Inc is a private foundation, based in Winston-Salem, NC. IRS filing data is available from 2020 through 2025. As of 2025, the organization holds $5.3M in total assets. In 2025, it awarded 8 grants totaling $375K. Net investment income was $411K.
Michael Family Foundation Inc at a glance
In short: Michael Family Foundation Inc gave $375K across 8 grants in 2025 (avg $47K), mostly in North Carolina. Source: 2025 IRS Form 990-PF.
- Annual giving (2025)
- $375,000
- +400.0% vs 2024
- Grants made (2025)
- 8
- +14.3% vs 2024
- Average grant
- $46,875
- +337.5% vs 2024
- Median grant
- $10,000
- Total assets
- $5,304,639
- +0.5% vs 2024
- Primary geography
- North Carolina (100% of itemized 2025 grant dollars)
- Latest 990 filing
- Form 990-PF, 2025 View filing
Data from IRS Form 990-PF, 2025; updated October 2026.
Who Michael Family Foundation Inc funds
How this funder distributes its grants
Top Recipients
Top 8 recipients in 2025
The largest 2025 recipient was Catawba College ($300K). Together the top 8 received $375K.
Grant Size Distribution
39 grants across all recorded years
The most common grant size was under $50K: 32 grants of 39 (82%).
Geographic Focus
Where this funder awards grants
Grant Distribution by State
Share of 2025 grant dollars across all 8 itemized grants.
States
Cities
How Michael Family Foundation Inc gives
- Giving fell 31% from 2022 to 2025. Method
- In 2025 it paid out 99% 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.
Giving History
Giving Over Time
Total grant dollars and number of grants per year
From 2020 to 2025, annual grant giving ranged from $75K (2024) to $540K (2022). In 2025 it made 8 grants totaling $375K.
Grants by year
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| Catawba College Salisbury, NC | Support of vehicles, field house, piano fund, robertson community center | $300,000 |
| Macedonia United Methodist Church Southmont, NC | General Support | $20,000 |
| Make a Wish Charlotte, NC | General Support | $10,000 |
| United Way of Forsyth County Winston-Salem, NC | General Support | $10,000 |
| Trellis Suportive Care Winston-Salem, NC | General Support | $10,000 |
| Feednc Mooresville, NC | General Support | $10,000 |
| Kaleideum of W-S Winston-Salem, NC | General Support | $10,000 |
| Hospice Iredell County Statesville, NC | General Support | $5,000 |
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Financial History
Multi-year comparison from IRS filings
| Filing year | Total Assets | Revenue | Expenses | Grants paid | Grants | Qualifying Distributions | Net Investment Income | Distributable Amount |
|---|---|---|---|---|---|---|---|---|
| 2025 | $5,304,639 | $463,692 | $434,576 | $375,000 | 8 | $375,000 | $410,616 | $376,965 |
| 2024 | $5,276,327 | $793,469 | $111,335 | $75,000 | 7 | $75,000 | $395,297 | $322,599 |
| 2023 | $4,897,088 | $492,386 | $128,928 | $100,000 | 7 | $100,000 | $464,184 | $263,524 |
| 2022 | $4,534,034 | $136,539 | $582,627 | $539,859 | 11 | $539,859 | $93,841 | $292,773 |
| 2021 | $4,413,199 | $629,598 | $358,187 | $319,161 | 6 | $319,161 | $265,487 | $296,530 |
| 2020 | $4,234,325 | $768,168 | $459,944 | $428,064 | 6 | — | $108,407 | $208,307 |
Under IRS private-foundation payout rules, Michael Family Foundation Inc reported a distributable amount of $377K for 2025 — the minimum it must pay out in qualifying distributions.
Leadership & Key People
Officers and directors from IRS filings
Michael Family Foundation Inc is led by Chester A. Michael III, President on every filing since 2020; none of the 3 officers listed in 2025 report compensation.
Officers on the 2025 filing
Chester A. Michael III
President
On filings since 2020
0.1 hrs/week
No compensation reported
Teresa T. Michael
Vice President
On filings since 2020
0.1 hrs/week
No compensation reported
Thomas L. Paulson
Secretary
On filings since 2020
0.1 hrs/week
No compensation reported
Data from IRS Form 990 filings, 2020–2025. "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 Family Foundation Inc
How much does Michael Family Foundation Inc give each year?
Michael Family Foundation Inc gave $375K across 8 grants in 2025, according to its 2025 IRS Form 990-PF. In 2024 it gave $75K across 7 grants.
What is Michael Family Foundation Inc's typical grant size?
Michael Family Foundation Inc's median grant in 2025 was $10,000, and its average grant was $46,875, across 8 grants on its 2025 IRS Form 990-PF.
Where does Michael Family Foundation Inc give grants?
Michael Family Foundation Inc gives mostly in North Carolina: 100% of the grant dollars itemized on its 2025 IRS Form 990-PF went to recipients there. The most frequent recipient cities were Winston-Salem, NC (3 grants).
Does Michael Family Foundation Inc give general operating support?
Yes: 88% of Michael Family Foundation Inc's 2025 grants with a stated purpose (7 of 8) were for general or operating support, per its 2025 IRS Form 990-PF.
Who are Michael Family Foundation Inc's largest grantees?
Michael Family Foundation Inc's largest 2025 grantees include Catawba College ($300,000), Macedonia United Methodist Church ($20,000) and Make a Wish ($10,000), according to its 2025 IRS Form 990-PF. Together they received 88% of its itemized 2025 grant dollars.
How large is Michael Family Foundation Inc?
Michael Family Foundation Inc reported $5.3M in total assets on its 2025 IRS Form 990-PF. It paid out $375K in qualifying distributions that year, against a required minimum of $377K (roughly 5% of its investment assets). Falling short in one year is not a violation: foundations have until the end of the next year to meet the minimum.
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 2020–2025.
Data last updated October 2026. Sourced from IRS Form 990-PF filings.
Data update history
(2)
When this profile's IRS filing data changed on Grantable
- Added Form 990-PF for fiscal year 2025 (received by the IRS July 14, 2026)
- IRS filings on file for fiscal years 2020–2024
Live grants for the work Michael Family Foundation Inc funds
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