MPG Foundation Inc
MPG Foundation Inc is a private foundation, based in Vail, CO. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $4.8M in total assets. Net investment income was $625K.
MPG Foundation Inc at a glance
- Total assets
- $4,804,411
- +14.9% vs 2023
- Revenue (2024)
- $734,679
- +74.0% vs 2023
- Net investment income (2024)
- $625,016
- +86.4% vs 2023
- Expenses (2024)
- $109,663
- +26.3% vs 2023
- Latest 990 filing
- Form 990-PF, 2024 View filing
Data from IRS Form 990-PF, 2024; updated September 2026.
Who MPG Foundation Inc funds
How this funder distributes its grants
Grant Size Distribution
4 grants across all recorded years
The most common grant size was in the $100–250K range: 2 grants of 4 (50%).
Geographic Focus
Where this funder awards grants
Grant Distribution by State
States
Cities
How MPG Foundation Inc gives
- In 2022 it paid out 228% of 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 $230K (2020) to $600K (2022). In 2022 it made 2 grants totaling $600K.
Grants by year
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| Illinois Institute of Technology Chicago, IL | Public Charity | $500,000 |
| DC Preparatory Academy Washington, DC | Public Charity | $100,000 |
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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 |
|---|---|---|---|---|---|---|---|---|
| 2024 | $4,804,411 | $734,679 | $109,663 | — | — | — | $625,016 | $226,526 |
| 2023 | $4,179,998 | $422,133 | $86,803 | — | — | — | $335,330 | $236,136 |
| 2022 | $4,572,946 | $220,222 | $730,872 | $600,000 | 2 | $600,000 | $89,350 | $263,242 |
| 2021 | $4,354,321 | $528,453 | $596,236 | $500,000 | 1 | $500,000 | $432,217 | $264,046 |
| 2020 | $4,422,104 | $275,267 | $310,728 | $230,000 | 1 | — | $197,014 | $246,428 |
Under IRS private-foundation payout rules, MPG Foundation Inc reported a distributable amount of $227K for 2024 — the minimum it must pay out in qualifying distributions.
Leadership & Key People
Officers and directors from IRS filings
MPG Foundation Inc is led by Michael P. Galvin, President on every filing since 2020; none of the 2 officers listed in 2024 report compensation.
Officers on the 2024 filing
Michael P. Galvin
President
On filings since 2020
No compensation reported
Christopher B. Galvin
Vice President
On filings since 2020
No compensation reported
Former officers (1)
- Former: Elizabeth Anne Wylie Galvin (2020–2023) — Vice President
Data from IRS Form 990 filings, 2020–2024. "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 MPG Foundation Inc
How large is MPG Foundation Inc?
MPG Foundation Inc reported $4.8M in total assets on its 2024 IRS Form 990-PF. Its revenue that year was $735K.
Where does MPG Foundation Inc operate?
MPG Foundation Inc has awarded grants in District of Columbia, Illinois.
How much is MPG Foundation Inc required to give away each year?
Private foundations must generally distribute about 5% of their assets annually. For 2024, MPG Foundation Inc reported a distributable amount of $227K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.
What is MPG Foundation Inc's EIN?
MPG Foundation Inc's EIN (Employer Identification Number) is 13-3854658. IRS Form 990 filing data is available on this page for 2020–2024.
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 2020–2024
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MPG Foundation Inc down — hundreds of funders to go?