Michaels Philanthropic Foundation
Michaels Philanthropic Foundation is a private foundation, based in HEWLETT HARBOR, NY. IRS filing data is available from 2020 through 2025. As of 2025, the organization holds $1.1M in total assets. In 2025, it awarded 2 grants totaling $90K. Net investment income was $56K.
Financial Overview
From 2025 IRS Form 990-PF · View filing
Total Assets
$1.1M
-4.1% YoY
Annual Giving
$90K
+12.5% YoY
Grant Count
2
+0.0% YoY
Avg Grant Size
$45K
+12.5% YoY
About Michaels Philanthropic Foundation
Based on IRS filings
Michaels Philanthropic Foundation is a private foundation, based in HEWLETT HARBOR, NY. IRS filing data is available from 2020 through 2025. As of 2025, the organization holds $1.1M in total assets. In 2025, it awarded 2 grants totaling $90K. Net investment income was $56K.
Ready to take the next step with Michaels Philanthropic Foundation?
Geographic Focus
Where this funder awards grants
Grant Distribution by State
States
Cities
Financial History
Multi-year comparison from IRS filings
| Metric | 2025 | 2024 | 2023 |
|---|---|---|---|
| Total Assets | $1,092,779 | $1,139,260 | $454,735 |
| Revenue | $73,065 | $774,255 | $41,607 |
| Expenses | $119,546 | $89,730 | $65,258 |
| Qualifying Distributions | $92,245 | $82,019 | $60,500 |
| Net Investment Income | $55,867 | $767,133 | $39,483 |
| Distributable Amount | $79,502 | $61,775 | $67,862 |
Giving Over Time
Total grant dollars and number of grants per year
Grant Insights
How this funder distributes its grants
Top Recipients
Top 2 recipients in 2025
Grant Size Distribution
13 grants across all recorded years
Giving History
Grant recipients and amounts by year
No grants recorded for .
Leadership & Key People
Officers and directors from IRS filings
Compensation Overview
From 2025 IRS filing
From 2025 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| JAMES MICHAELS | President | 15 | — |
| PHYLLIS MICHAELS SCHAFFER | V PRESIDENT | 1 | — |
| RACHEL G MICHAELS | Secretary | 1 | — |
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Data last updated April 2026. Sourced from IRS Form 990-PF filings.
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