Mike and Lynn May Foundation is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in WILMINGTON, DE. IRS filing data is available from 2021 through 2024. As of 2024, the organization holds $851K in total assets. In 2024, it awarded 7 grants totaling $68K. Net investment income was $38K.
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$851K
-3.7% YoY
Annual Giving
$68K
+18.4% YoY
Grant Count
7
+16.7% YoY
Avg Grant Size
$10K
+1.5% YoY
Under IRS private-foundation payout rules, Mike and Lynn May Foundation reported a distributable amount of $48K for 2024 — the minimum it must pay out in qualifying distributions.
About Mike and Lynn May Foundation
Based on IRS filings
Mike and Lynn May Foundation is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in WILMINGTON, DE. IRS filing data is available from 2021 through 2024. As of 2024, the organization holds $851K in total assets. In 2024, it awarded 7 grants totaling $68K. Net investment income was $38K.
Focus Areas
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Geographic Focus
Where this funder awards grants
Grant Distribution by State
Cities
Financial History
Multi-year comparison from IRS filings
| Metric | 2024 | 2023 | 2021 |
|---|---|---|---|
| Total Assets | $850,750 | $883,388 | $1,000,000 |
| Revenue | $43,078 | $8,850 | $1,000,000 |
| Expenses | $75,716 | $66,461 | — |
| Qualifying Distributions | $68,070 | $57,500 | — |
| Net Investment Income | $37,560 | $16,033 | — |
| Distributable Amount | $48,229 | $44,194 | $2,024 |
Giving Over Time
Total grant dollars and number of grants per year
Grant Insights
How this funder distributes its grants
Top Recipients
Top 7 recipients in 2024
Grant Size Distribution
13 grants across all recorded years
Giving History
Grant recipients and amounts by year
Among its reported 2024 grants, the largest include Archcare Community Services Inc ($15,000), Make-a-wish Central New York ($13,570), Catholic Health Care Foundation ($12,000).
| Recipient | Purpose | Amount |
|---|---|---|
| FIRST TEE SYRACUSE JAMESVILLE, NY | DONATION | $7,500 |
| JIM AND JULI BOEHEIM FOUNDATION FAYETTEVILLE, NY | DONATION | $7,500 |
| MAKE-A-WISH CENTRAL NEW YORK EAST SYRACUSE, NY | DONATION | $13,570 |
| RESCUE MISSION OF SYRACUSE SYRACUSE, NY | DONATION | $2,500 |
| SACRED HEART CHURCH AUBURN, NY | DONATION | $10,000 |
| CATHOLIC HEALTH CARE FOUNDATION NEW YORK, NY | DONATION | $12,000 |
| ARCHCARE COMMUNITY SERVICES INC NEW YORK, NY | DONATION | $15,000 |
Leadership & Key People
Officers and directors from IRS filings
Compensation Overview
From 2024 IRS filing
From 2024 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| MICHAEL MAY SR | PRESIDENT | 1 | — |
| LYNN MAY | SECRETARY | 1 | — |
| MICHAEL MAY JR | DIRECTOR | 1 | — |
| LINDSAY MAY | DIRECTOR | 1 | — |
| THOMAS LEWIS | TREASURER | 1 | — |
Subject Areas
Focus areas based on grantmaking activity
Frequently Asked Questions
What is Mike and Lynn May Foundation?
Mike and Lynn May Foundation is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in WILMINGTON, DE. It holds $851K in total assets as of 2024.
How large is Mike and Lynn May Foundation?
As of 2024, Mike and Lynn May Foundation holds $851K in total assets with $43K in annual revenue. It awarded 7 grants totaling $68K in 2024.
Where does Mike and Lynn May Foundation operate?
Mike and Lynn May Foundation has awarded grants in Nevada, New York.
What size grants does Mike and Lynn May Foundation award?
In 2024, Mike and Lynn May Foundation awarded 7 grants totaling $68K — an average of about $10K per grant, based on its IRS Form 990 filings.
How much is Mike and Lynn May Foundation required to give away each year?
Private foundations must generally distribute about 5% of their assets annually. For 2024, Mike and Lynn May Foundation reported a distributable amount of $48K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.
What is Mike and Lynn May Foundation's EIN?
Mike and Lynn May Foundation's EIN (Employer Identification Number) is 87-4066409. IRS Form 990 filing data is available on this page for 2021–2024.
Explore Open Grants
Browse active grant opportunities in Mike and Lynn May 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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