Morgan Le Fay Dreams Foundation
Morgan Le Fay Dreams Foundation is a private foundation, 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.
Morgan Le Fay Dreams Foundation at a glance
In short: Morgan Le Fay Dreams Foundation gave $8.1M across 3 grants in 2022 (avg $2.7M), mostly in New York. Source: 2022 IRS Form 990-PF.
- Annual giving (2022)
- $8,096,124
- +7462.4% vs 2021
- Grants made (2022)
- 3
- +200.0% vs 2021
- Average grant
- $2,698,708
- +2420.8% vs 2021
- Median grant
- $25,000
- Primary geography
- New York (100% of itemized 2022 grant dollars)
- Latest 990 filing
- Form 990-PF, 2022 View filing
Data from IRS Form 990-PF, 2022; updated September 2026.
Who Morgan Le Fay Dreams Foundation funds
How this funder distributes its grants
Top Recipients
Top 3 recipients in 2022
The largest 2022 recipient was Ayco Charitable Foundation ($8.1M). Together the top 3 received $8.1M.
Grant Size Distribution
5 grants across all recorded years
The most common grant size was under $50K: 2 grants of 5 (40%).
Geographic Focus
Where this funder awards grants
Grant Distribution by State
Share of 2022 grant dollars across all 3 itemized grants.
Cities
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.
Giving History
Giving Over Time
Total grant dollars and number of grants per year
From 2020 to 2022, annual grant giving ranged from $107K (2021) to $8.1M (2022). In 2022 it made 3 grants totaling $8.1M.
Grants by year
Grant recipients and amounts by year
| 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 |
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Financial History
Multi-year comparison from IRS filings
| Filing year | Total Assets | Revenue | Expenses | Grants paid | Grants | Qualifying Distributions | Net Investment Income | Distributable Amount |
|---|---|---|---|---|---|---|---|---|
| 2022 | — | $44,884 | $8,099,092 | $8,096,124 | 3 | $8,099,092 | $44,884 | $290,396 |
| 2021 | $8,054,208 | $832 | $107,162 | $107,057 | 1 | $107,057 | $832 | $398,131 |
| 2020 | $8,160,538 | $522,951 | $191,191 | $176,091 | 1 | — | $22,951 | $381,646 |
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.
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.
Frequently asked questions about Morgan Le Fay Dreams Foundation
How much does Morgan Le Fay Dreams Foundation give each year?
Morgan Le Fay Dreams Foundation gave $8.1M across 3 grants in 2022, according to its 2022 IRS Form 990-PF. In 2021 it gave $107K across 1 grant.
What is Morgan Le Fay Dreams Foundation's typical grant size?
Morgan Le Fay Dreams Foundation's median grant in 2022 was $25,000, and its average grant was $2,698,708, across 3 grants on its 2022 IRS Form 990-PF.
Where does Morgan Le Fay Dreams Foundation give grants?
Morgan Le Fay Dreams Foundation gives mostly in New York: 100% of the grant dollars itemized on its 2022 IRS Form 990-PF went to recipients there.
Does Morgan Le Fay Dreams Foundation give general operating support?
Yes: 100% of Morgan Le Fay Dreams Foundation's 2022 grants with a stated purpose (3 of 3) were for general or operating support, per its 2022 IRS Form 990-PF.
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.
Data last updated September 2026. Sourced from IRS Form 990-PF filings.
Data update history
(1)
When this profile's IRS filing data changed on Grantable
- IRS filings on file for fiscal years 2020–2022
Live grants for the work Morgan Le Fay Dreams Foundation funds
Philanthropy, Voluntarism & Grantmaking Open opportunities, soonest deadline first.
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