Michaels Family Foundation of Va Inc
Michaels Family Foundation of Va Inc is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in NAPLES, FL. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $1.9M in total assets. In 2024, it awarded 13 grants totaling $130K. Net investment income was $213K.
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$1.9M
-8.6% YoY
Annual Giving
$130K
+24.8% YoY
Grant Count
13
+18.2% YoY
Avg Grant Size
$10K
+5.6% YoY
Under IRS private-foundation payout rules, Michaels Family Foundation of Va Inc reported a distributable amount of $95K for 2024 — the minimum it must pay out in qualifying distributions.
About Michaels Family Foundation of Va Inc
Based on IRS filings
Michaels Family Foundation of Va Inc is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in NAPLES, FL. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $1.9M in total assets. In 2024, it awarded 13 grants totaling $130K. Net investment income was $213K.
Focus Areas
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Geographic Focus
Where this funder awards grants
Grant Distribution by State
States
Cities
Financial History
Multi-year comparison from IRS filings
| Metric | 2024 | 2023 | 2022 |
|---|---|---|---|
| Total Assets | $1,903,301 | $2,081,794 | $1,677,417 |
| Revenue | $229,292 | $227,730 | $70,417 |
| Expenses | $145,910 | $119,190 | $114,963 |
| Qualifying Distributions | $15,898 | $119,190 | $114,963 |
| Net Investment Income | $213,394 | $227,730 | $70,417 |
| Distributable Amount | $95,167 | $101,739 | $97,413 |
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
66 grants across all recorded years
Giving History
Grant recipients and amounts by year
Among its reported 2024 grants, the largest include Saint Sophia Greek Orthodox Cath ($44,500), Florida Grand Opera ($17,512), Miami City Ballet ($15,000).
| Recipient | Purpose | Amount |
|---|---|---|
| SAINT SOPHIA GREEK ORTHODOX CATH Miami, FL | TO PROVIDE SUPPORT FOR THE NEEDY | $44,500 |
| MIAMI CITY BALLET Miami Beach, FL | TO PROVIDE SUPPORT FOR THE ARTS | $15,000 |
| CHILDRENS RESOURCE CENTER Miami, FL | TO PROVIDE EDUCATION TO SPECIAL NEEDS KIDS | $15,000 |
| FLORIDA GRAND OPERA Miami, FL | TO PROVIDE ARTS EDUCATION | $17,512 |
| DAVIS AND ELKINS COLLEGE Elkins, WV | TO PROVIDE AN EDUCATION FOR NEEDY STUDENTS | $13,000 |
| TAUBMAN MUSEUM Roanoke, VA | TO PROVIDE SUPPORT FOR THE ARTS | $4,000 |
| CENTER FOR GREAT APES Wauchula, FL | TO SUPPORT ANIMAL STUDIES | $3,000 |
| WOUNDED WARRIORS Topeka, KS | TO ASSIST WOUNDED SERVICE MEMBERS | $3,000 |
| MEMORIAL SLOAN KETTERING New York, NY | TO PROVIDE CARE FOR SICK PEOPLE | $3,000 |
| ST JUDES RESEARCH HOSPITAL Memphis, TN | TO PROVIDE CARE FOR SICK CHILDREN | $3,000 |
Leadership & Key People
Officers and directors from IRS filings
Compensation Overview
From 2024 IRS filing
From 2024 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| LEWIS MICHAELS | PRESIDENT | 1 | — |
| PAMELA MICHAELS | VICE PRESIDENT | 1 | — |
| THEODORE MICHAELS | TREASURER | 1 | — |
| STEVEN MICHAELS | SECRETARY | 1 | — |
Subject Areas
Focus areas based on grantmaking activity
Frequently Asked Questions
What is Michaels Family Foundation of Va Inc?
Michaels Family Foundation of Va Inc is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in NAPLES, FL. It holds $1.9M in total assets as of 2024.
How large is Michaels Family Foundation of Va Inc?
As of 2024, Michaels Family Foundation of Va Inc holds $1.9M in total assets with $229K in annual revenue. It awarded 13 grants totaling $130K in 2024.
Where does Michaels Family Foundation of Va Inc operate?
Michaels Family Foundation of Va Inc has awarded grants in District of Columbia, Florida, Illinois, Kansas, North Carolina, New York, Tennessee, Virginia, West Virginia.
What size grants does Michaels Family Foundation of Va Inc award?
In 2024, Michaels Family Foundation of Va Inc awarded 13 grants totaling $130K — an average of about $10K per grant, based on its IRS Form 990 filings.
How much is Michaels Family Foundation of Va Inc required to give away each year?
Private foundations must generally distribute about 5% of their assets annually. For 2024, Michaels Family Foundation of Va Inc reported a distributable amount of $95K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.
What is Michaels Family Foundation of Va Inc's EIN?
Michaels Family Foundation of Va Inc's EIN (Employer Identification Number) is 59-3662847. IRS Form 990 filing data is available on this page for 2020–2024.
Explore Open Grants
Browse active grant opportunities in Michaels Family Foundation of Va Inc's focus areas in our free grants database
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Data last updated April 2026. Sourced from IRS Form 990-PF filings.
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