Morgan Le Fay Dreams Foundation
Morgan Le Fay Dreams Foundation is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in Albany, NY. IRS filing data is available from 2020 through 2022. In 2022, it awarded 3 grants totaling $8.1M. Net investment income was $45K.
Key facts about Morgan Le Fay Dreams Foundation
- EIN
- 20-8083502
- Latest 990 filing
- Form 990-PF, 2022
- Annual giving (2022)
- $8,096,124
- Grants made (2022)
- 3
- Average grant
- $2,698,708
- Median grant
- $25,000
- Primary geography
- New York (100% of itemized 2022 grant dollars)
Data from IRS Form 990-PF, 2022; updated September 2026.
Who Morgan Le Fay Dreams Foundation funds
By grant dollars, the top recipient states for Morgan Le Fay Dreams Foundation's 3 itemized 2022 grants were New York (100%). 100% of grants with a stated purpose were for general or operating support.
How Morgan Le Fay Dreams Foundation gives
- In 2022 it paid out well above its IRS minimum distribution (the 5% rule). Method
From the foundation's IRS Form 990-PF filings. Methodology.
Next steps with Morgan Le Fay Dreams Foundation
- How to evaluate Morgan Le Fay Dreams Foundation as a funder
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Financial Overview
From 2022 IRS Form 990-PF · View filing
Total Assets
—
-100.0% YoY
Annual Giving
$8.1M
+7462.4% YoY
Grant Count
3
+200.0% YoY
Avg Grant Size
$2.7M
+2420.8% YoY
Under IRS private-foundation payout rules, Morgan Le Fay Dreams Foundation reported a distributable amount of $290K for 2022 — the minimum it must pay out in qualifying distributions.
About Morgan Le Fay Dreams Foundation
Based on IRS filings
Morgan Le Fay Dreams Foundation is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in Albany, NY. IRS filing data is available from 2020 through 2022. In 2022, it awarded 3 grants totaling $8.1M. Net investment income was $45K.
Focus Areas
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Geographic Focus
Where this funder awards grants
Grant Distribution by State
Share of all 3 itemized 2022 grant dollars.
Cities
Financial History
Multi-year comparison from IRS filings
| Metric | 2022 | 2021 | 2020 |
|---|---|---|---|
| Total Assets | — | $8,054,208 | $8,160,538 |
| Revenue | $44,884 | $832 | $522,951 |
| Expenses | $8,099,092 | $107,162 | $191,191 |
| Qualifying Distributions | $8,099,092 | $107,057 | — |
| Net Investment Income | $44,884 | $832 | $22,951 |
| Distributable Amount | $290,396 | $398,131 | $381,646 |
Data update history
When this profile's IRS filing data changed on Grantable
- IRS filings on file for fiscal years 2020–2022
Giving Over Time
Total grant dollars and number of grants per year
Grant Insights
How this funder distributes its grants
Top Recipients
Top 3 recipients in 2022
Grant Size Distribution
5 grants across all recorded years
Giving History
Grant recipients and amounts by year
Among its reported 2022 grants, the largest recipients include Ayco Charitable Foundation ($8,066,124), Riverkeeper ($25,000), Combat Wounded Veteran Challenge Inc ($5,000).
| Recipient | Purpose | Amount |
|---|---|---|
| Ayco Charitable Foundation Albany, NY | GENERAL CHARITABLE PURPOSES | $8,066,124 |
| Riverkeeper Ossining, NY | GENERAL CHARITABLE PURPOSES | $25,000 |
| Combat Wounded Veteran Challenge Inc St Petersburg, FL | GENERAL CHARITABLE PURPOSES | $5,000 |
Leadership & Key People
Officers and directors from IRS filings
Morgan Le Fay Dreams Foundation is led by Paul A McCulley, President & CEO on every filing since 2020; none of the 2 officers listed in 2022 report compensation.
Officers on the 2022 filing
Paul A McCulley
President & CEO
On filings since 2020
1 hr/week
No compensation reported
Robert D Renn
Director
On filings since 2020
1 hr/week
No compensation reported
Data from IRS Form 990 filings, 2020–2022. "On filings since" is the earliest filing we hold that lists the person; hours are average hours per week as reported.
Subject Areas
Focus areas based on grantmaking activity
Frequently Asked Questions
What is Morgan Le Fay Dreams Foundation?
Morgan Le Fay Dreams Foundation is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in Albany, NY. It holds — in total assets as of 2022.
Where does Morgan Le Fay Dreams Foundation operate?
Morgan Le Fay Dreams Foundation has awarded grants in Florida, New York.
What size grants does Morgan Le Fay Dreams Foundation award?
In 2022, Morgan Le Fay Dreams Foundation awarded 3 grants totaling $8.1M — an average of about $2.7M per grant, based on its IRS Form 990 filings.
How much is Morgan Le Fay Dreams Foundation required to give away each year?
Private foundations must generally distribute about 5% of their assets annually. For 2022, Morgan Le Fay Dreams Foundation reported a distributable amount of $290K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.
What is Morgan Le Fay Dreams Foundation's EIN?
Morgan Le Fay Dreams Foundation's EIN (Employer Identification Number) is 20-8083502. IRS Form 990 filing data is available on this page for 2020–2022.
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Data last updated September 2026. Sourced from IRS Form 990-PF filings.