Michaels Family Charitable Foundation
Michaels Family Charitable Foundation is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in Atlanta, GA. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $2.3M in total assets. In 2024, it awarded 19 grants totaling $73K. Net investment income was $959K.
Key facts about Michaels Family Charitable Foundation
In short: Michaels Family Charitable Foundation gave $73K across 19 grants in 2024 (avg $4K), top state Georgia. 32% of 2024 grantees were new. Source: 2024 IRS Form 990-PF.
- EIN
- 58-2430856
- Latest 990 filing
- Form 990-PF, 2024
- Annual giving (2024)
- $73,385
- Grants made (2024)
- 19
- Average grant
- $3,862
- Median grant
- $2,500
- New grantees (estimate)
- 32% first-time grantees (6 of 19, 2024)
- Total assets
- $2,326,651
- Primary geography
- Georgia (40% of itemized 2024 grant dollars)
Data from IRS Form 990-PF, 2024; updated September 2026. New grantees are estimated by matching recipient names across years (methodology).
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$2.3M
+61.6% YoY
Annual Giving
$73K
+35.9% YoY
Grant Count
19
+58.3% YoY
Avg Grant Size
$4K
-14.2% YoY
Under IRS private-foundation payout rules, Michaels Family Charitable Foundation reported a distributable amount of $89K for 2024 — the minimum it must pay out in qualifying distributions.
Is Michaels Family Charitable Foundation open to new grantees?
32%
first-time grantees, 2024
In 2024, 6 of 19 grantees (32%) were first-time recipients. First grants averaged $3K; repeat grants $4K. How we count
Medians: $793 first-time, $3K repeat.
- 42% of 2024 grantees were also funded in 2023. Method
- Giving held roughly steady from 2021 to 2024 (+1%). Method
- In 2024 it paid out 100% of its IRS minimum distribution (the 5% rule). Method
Estimate from itemized grant lists in IRS Form 990-PF filings (2020–2024). Recipient names are matched across years, so a renamed or misspelled grantee can look new; grants to individuals are left out. Methodology.
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Geographic Focus
Where this funder awards grants
Grant Distribution by State
Share of all 19 itemized 2024 grant dollars.
States
Cities
Giving Over Time
Total grant dollars and number of grants per year
Grant Insights
How this funder distributes its grants
Top Recipients
Top 10 recipients in 2024
Grant Size Distribution
98 grants across all recorded years
Giving History
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| COMMUNITY FOUNDATION OF NE GEORGIA Duluth, GA | UNRESTRICTED OPERATIONAL SUPPORT | $15,000 |
| UNIVERSITY OF NORTH CAROLINA CHAPEL HILL Chapel Hill, NC | UNRESTRICTED OPERATIONAL SUPPORT | $10,250 |
| TENNESSEE GOLF FOUNDATION Franklin, TN | UNRESTRICTED OPERATIONAL SUPPORT | $10,000 |
| VANDERBILT UNIVERSITY Nashville, TN | UNRESTRICTED OPERATIONAL SUPPORT | $7,000 |
| ATLANTA SPEECH SCHOOL GUILD Atlanta, GA | UNRESTRICTED OPERATIONAL SUPPORT | $5,500 |
| PERSIST NASHVILLE Nashville, TN | UNRESTRICTED OPERATIONAL SUPPORT | $5,000 |
| EMORY - WINSHIP CANCER INSITUTE Atlanta, GA | UNRESTRICTED OPERATIONAL SUPPORT | $3,000 |
| BRENTWOOD ACADEMY Brentwood, TN | UNRESTRICTED OPERATIONAL SUPPORT | $2,500 |
| SAINT PAUL CHRISTIAN ACADEMY Nashville, TN | UNRESTRICTED OPERATIONAL SUPPORT | $2,500 |
| TEACH FOR AMERICA Atlanta, GA | UNRESTRICTED OPERATIONAL SUPPORT | $2,500 |
Financial History
Multi-year comparison from IRS filings
| Metric | 2024 | 2023 | 2022 |
|---|---|---|---|
| Total Assets | $2,326,651 | $1,439,852 | $1,449,339 |
| Revenue | $980,654 | $109,902 | $45,105 |
| Expenses | $111,192 | $88,011 | $130,496 |
| Qualifying Distributions | $89,588 | $71,313 | $109,152 |
| Net Investment Income | $959,050 | $92,852 | $25,338 |
| Distributable Amount | $89,446 | $88,362 | $93,718 |
Data update history
When this profile's IRS filing data changed on Grantable
- IRS filings on file for fiscal years 2020–2024
Leadership & Key People
Officers and directors from IRS filings
Michaels Family Charitable Foundation is led by Katharine McDowell, Executive Director on every filing since 2020; none of the 4 officers listed in 2024 report compensation.
Officers on the 2024 filing
Katharine McDowell
Executive Director
On filings since 2020
20 hrs/week
$12K (2020) → $0 (2024)
Edward G. Michaels III
Founder & President
On filings since 2020
20 hrs/week
No compensation reported
Edward G. Michaels IV
Trustee
On filings since 2020
5 hrs/week
No compensation reported
Joanne T. Michaels
Trustee
On filings since 2020
5 hrs/week
No compensation reported
Data from IRS Form 990 filings, 2020–2024. "On filings since" is the earliest filing we hold that lists the person; hours are average hours per week as reported.
Compensation Overview
From 2023 IRS filing
Frequently asked questions about Michaels Family Charitable Foundation
How much does Michaels Family Charitable Foundation give each year?
Michaels Family Charitable Foundation gave $73K across 19 grants in 2024, according to its 2024 IRS Form 990-PF. In 2023 it gave $54K across 12 grants.
What is Michaels Family Charitable Foundation's typical grant size?
Michaels Family Charitable Foundation's median grant in 2024 was $2,500, and its average grant was $3,862, across 19 grants on its 2024 IRS Form 990-PF. Organizations receiving their first grant from Michaels Family Charitable Foundation that year got $3K on average.
Where does Michaels Family Charitable Foundation give grants?
Michaels Family Charitable Foundation's top state is Georgia, with 40% of the grant dollars itemized on its 2024 IRS Form 990-PF. The next largest states were Tennessee (38%) and North Carolina (16%). The most frequent recipient cities were Atlanta, GA (7 grants) and Nashville, TN (3 grants).
Does Michaels Family Charitable Foundation give general operating support?
Yes: 100% of Michaels Family Charitable Foundation's 2024 grants with a stated purpose (19 of 19) were for general or operating support, per its 2024 IRS Form 990-PF.
Who are Michaels Family Charitable Foundation's largest grantees?
Michaels Family Charitable Foundation's largest 2024 grantees include Community Foundation of Ne Georgia ($15,000), University of North Carolina Chapel Hill ($10,250) and Tennessee Golf Foundation ($10,000), according to its 2024 IRS Form 990-PF. Together they received 48% of its itemized 2024 grant dollars.
How large is Michaels Family Charitable Foundation?
Michaels Family Charitable Foundation reported $2.3M in total assets on its 2024 IRS Form 990-PF. It paid out $90K in qualifying distributions that year, against a required minimum of $89K (roughly 5% of its investment assets).
What is Michaels Family Charitable Foundation?
Michaels Family Charitable Foundation is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in Atlanta, GA. It holds $2.3M in total assets as of 2024.
What is Michaels Family Charitable Foundation's EIN?
Michaels Family Charitable Foundation's EIN (Employer Identification Number) is 58-2430856. IRS Form 990 filing data is available on this page for 2020–2024.
Data last updated September 2026. Sourced from IRS Form 990-PF filings.
Here's the math on researching Michaels Family Charitable Foundation by hand.
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