Michaels Philanthropic Foundation
Michaels Philanthropic Foundation is a private foundation, based in Hewlett Harbor, NY. IRS filing data is available from 2020 through 2026. As of 2026, the organization holds $1.1M in total assets. In 2026, it awarded 2 grants totaling $100K. Net investment income was $69K.
Key facts about Michaels Philanthropic Foundation
In short: Michaels Philanthropic Foundation gave $100K across 2 grants in 2026 (avg $50K), mostly in New York. Source: 2026 IRS Form 990-PF.
- EIN
- 11-6047540
- Latest 990 filing
- Form 990-PF, 2026
- Annual giving (2026)
- $100,000
- Grants made (2026)
- 2
- Average grant
- $50,000
- Median grant
- $50,000
- Total assets
- $1,058,184
- Primary geography
- New York (100% of itemized 2026 grant dollars)
Data from IRS Form 990-PF, 2026; updated September 2026.
Financial Overview
From 2026 IRS Form 990-PF · View filing
Total Assets
$1.1M
-3.2% YoY
Annual Giving
$100K
+11.1% YoY
Grant Count
2
+0.0% YoY
Avg Grant Size
$50K
+11.1% YoY
Under IRS private-foundation payout rules, Michaels Philanthropic Foundation reported a distributable amount of $87K for 2026 — the minimum it must pay out in qualifying distributions.
How Michaels Philanthropic Foundation gives
- Giving grew 65% from 2023 to 2026. Method
- In 2026 it paid out 117% of its IRS minimum distribution (the 5% rule). Method
From the foundation's IRS Form 990-PF filings. Methodology.
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Geographic Focus
Where this funder awards grants
Grant Distribution by State
Share of 2026 grant dollars across all 2 itemized grants.
States
Cities
Giving Over Time
Total grant dollars and number of grants per year
From 2020 to 2026, annual grant giving ranged from $40K (2020) to $100K (2026). In 2026 it made 2 grants totaling $100K.
Grant Insights
How this funder distributes its grants
Top Recipients
Top 2 recipients in 2026
The largest 2026 recipient was Northwell Health ($60K). Together the top 2 received $100K.
Grant Size Distribution
11 grants across all recorded years
The most common grant size was under $50K: 10 grants of 11 (91%).
Giving History
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| Northwell Health New Hyde Park, NY | To Aid in the Organizations Charitable Purpose | $60,000 |
| Island Harvest Ltd Bethpage, NY | To Aid in the Organizations Chariable Purpose | $40,000 |
Financial History
Multi-year comparison from IRS filings
| Metric | 2026 | 2025 | 2024 |
|---|---|---|---|
| Total Assets | $1,058,184 | $1,092,779 | $1,139,260 |
| Revenue | $87,712 | $73,065 | $774,255 |
| Expenses | $122,307 | $119,546 | $89,730 |
| Qualifying Distributions | $101,932 | $92,245 | $82,019 |
| Net Investment Income | $68,936 | $55,867 | $767,133 |
| Distributable Amount | $87,399 | $79,502 | $61,775 |
Data update history
When this profile's IRS filing data changed on Grantable
- Added Form 990-PF for fiscal year 2026 (received by the IRS June 25, 2026)
- IRS filings on file for fiscal years 2020–2025
Leadership & Key People
Officers and directors from IRS filings
Michaels Philanthropic Foundation is led by James H. Michaels, President on every filing since 2020; none of the 3 officers listed in 2026 report compensation.
Officers on the 2026 filing
James H. Michaels
President
On filings since 2020
15 hrs/week
No compensation reported
Phyllis Michaels Schaffer
V President
Vice President → V President, 2024
On filings since 2020
1 hr/week
No compensation reported
Rachel G. Michaels
Secretary
On filings since 2020
1 hr/week
No compensation reported
Data from IRS Form 990 filings, 2020–2026. "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 Michaels Philanthropic Foundation
How much does Michaels Philanthropic Foundation give each year?
Michaels Philanthropic Foundation gave $100K across 2 grants in 2026, according to its 2026 IRS Form 990-PF. In 2025 it gave $90K across 2 grants.
How large is Michaels Philanthropic Foundation?
Michaels Philanthropic Foundation reported $1.1M in total assets on its 2026 IRS Form 990-PF. It paid out $102K in qualifying distributions that year, against a required minimum of $87K (roughly 5% of its investment assets).
Where does Michaels Philanthropic Foundation operate?
Michaels Philanthropic Foundation has awarded grants in New York.
What is Michaels Philanthropic Foundation's EIN?
Michaels Philanthropic Foundation's EIN (Employer Identification Number) is 11-6047540. IRS Form 990 filing data is available on this page for 2020–2026.
Data last updated September 2026. Sourced from IRS Form 990-PF filings.
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