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
Under IRS private-foundation payout rules, Michaels Philanthropic Foundation reported a distributable amount of $80K for 2025 — the minimum it must pay out in qualifying distributions.
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.
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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 | 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
Among its reported 2025 grants, the largest include Island Harvest Ltd ($45,000), Northwell Health ($45,000).
| Recipient | Purpose | Amount |
|---|---|---|
| ISLAND HARVEST LTD BETHPAGE, NY | TO AID IN THE ORGANIZATIONS CHARIABLE PURPOSE | $45,000 |
| NORTHWELL HEALTH NEW HYDE PARK, NY | TO AID IN THE ORGANIZATIONS CHARITABLE PURPOSE | $45,000 |
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 | — |
Frequently Asked Questions
How large is Michaels Philanthropic Foundation?
As of 2025, Michaels Philanthropic Foundation holds $1.1M in total assets with $73K in annual revenue. It awarded 2 grants totaling $90K in 2025.
Where does Michaels Philanthropic Foundation operate?
Michaels Philanthropic Foundation has awarded grants in New York.
What size grants does Michaels Philanthropic Foundation award?
In 2025, Michaels Philanthropic Foundation awarded 2 grants totaling $90K — an average of about $45K per grant, based on its IRS Form 990 filings.
How much is Michaels Philanthropic Foundation required to give away each year?
Private foundations must generally distribute about 5% of their assets annually. For 2025, Michaels Philanthropic Foundation reported a distributable amount of $80K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.
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 2020–2025.
Explore Open Grants
Browse active grant opportunities in Michaels Philanthropic Foundation'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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