MPS Charitable Foundation
MPS Charitable Foundation is a private foundation, based in Kirkland, WA. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $40.8M in total assets. In 2024, it awarded 9 grants totaling $422K. Net investment income was $705K.
MPS Charitable Foundation at a glance
In short: MPS Charitable Foundation gave $422K across 9 grants in 2024 (avg $47K), mostly in Washington. Source: 2024 IRS Form 990-PF.
- Annual giving (2024)
- $421,726
- -22.6% vs 2023
- Grants made (2024)
- 9
- -30.8% vs 2023
- Average grant
- $46,858
- +11.7% vs 2023
- Median grant
- $19,726
- Total assets
- $40,773,335
- +143.4% vs 2023
- Primary geography
- Washington (73% of itemized 2024 grant dollars)
- Latest 990 filing
- Form 990-PF, 2024 View filing
Data from IRS Form 990-PF, 2024; updated September 2026.
Who MPS Charitable Foundation funds
How this funder distributes its grants
Top Recipients
Top 9 recipients in 2024
The largest 2024 recipient was Virginia Mason ($277K). Together the top 9 received $422K.
Grant Size Distribution
30 grants across all recorded years
The most common grant size was under $50K: 23 grants of 30 (77%).
Geographic Focus
Where this funder awards grants
Grant Distribution by State
Share of 2024 grant dollars across all 9 itemized grants.
Cities
How MPS Charitable Foundation gives
- Giving grew 743% from 2021 to 2024. Method
- In 2024 it paid out 48% of its IRS minimum distribution (the 5% rule). Foundations have until the end of the next year to meet it. 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 2021 to 2024, annual grant giving ranged from $50K (2021) to $545K (2023). In 2024 it made 9 grants totaling $422K.
Grants by year
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| Virginia Mason Seattle, WA | General Support | $277,000 |
| Cornell University Ithaca, NY | General Support | $45,000 |
| Healthier Kids Foundation San Jose, CA | General Support | $20,000 |
| Seattle Symphony Foundation Seattle, WA | General Support | $20,000 |
| Charities Aid Foundation America Alexandria, VA | General Support | $19,726 |
| California Polytechnic State University San Luis Obispo, CA | General Support | $10,000 |
| Forterra Seattle, WA | General Support | $10,000 |
| National Forest Foundation Missoula, MT | General Support | $10,000 |
| Second Harvest of Silicon Valley San Jose, CA | General Support | $10,000 |
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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 | $40,773,335 | $24,455,030 | $434,726 | $421,726 | 9 | $421,726 | $705,030 | $876,182 |
| 2023 | $16,753,031 | $10,994,203 | $545,172 | $545,172 | 13 | $545,172 | $144,203 | $321,320 |
| 2022 | $6,304,000 | $5,600,000 | $346,000 | $346,000 | 7 | $346,000 | — | $114,925 |
| 2021 | $1,050,000 | $1,100,000 | $50,000 | $50,000 | 1 | $50,000 | — | $32,115 |
Under IRS private-foundation payout rules, MPS Charitable Foundation reported a distributable amount of $876K for 2024 — the minimum it must pay out in qualifying distributions.
Leadership & Key People
Officers and directors from IRS filings
MPS Charitable Foundation's 2024 filing lists 3 officers; none of the 3 officers listed in 2024 report compensation.
Officers on the 2024 filing
Michael Hsing
Director
On filings since 2020
1 hr/week
No compensation reported
Saria Tseng
Director
On filings since 2020
1 hr/week
No compensation reported
Bernie Blegen
CFO
Director → CFO, 2024
On filings since 2020
1 hr/week
No compensation reported
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 MPS Charitable Foundation
How much does MPS Charitable Foundation give each year?
MPS Charitable Foundation gave $422K across 9 grants in 2024, according to its 2024 IRS Form 990-PF. In 2023 it gave $545K across 13 grants.
What is MPS Charitable Foundation's typical grant size?
MPS Charitable Foundation's median grant in 2024 was $19,726, and its average grant was $46,858, across 9 grants on its 2024 IRS Form 990-PF.
Where does MPS Charitable Foundation give grants?
MPS Charitable Foundation gives mostly in Washington: 73% of the grant dollars itemized on its 2024 IRS Form 990-PF went to recipients there. The next largest states were New York (11%) and California (9%). The most frequent recipient cities were Seattle, WA (3 grants) and San Jose, CA (2 grants).
Does MPS Charitable Foundation give general operating support?
Yes: 100% of MPS Charitable Foundation's 2024 grants with a stated purpose (9 of 9) were for general or operating support, per its 2024 IRS Form 990-PF.
Who are MPS Charitable Foundation's largest grantees?
MPS Charitable Foundation's largest 2024 grantees include Virginia Mason ($277,000), Cornell University ($45,000) and Healthier Kids Foundation ($20,000), according to its 2024 IRS Form 990-PF. Together they received 81% of its itemized 2024 grant dollars.
How large is MPS Charitable Foundation?
MPS Charitable Foundation reported $40.8M in total assets on its 2024 IRS Form 990-PF. It paid out $422K in qualifying distributions that year, against a required minimum of $876K (roughly 5% of its investment assets). Falling short in one year is not a violation: foundations have until the end of the next year to meet the minimum.
What is MPS Charitable Foundation's EIN?
MPS Charitable Foundation's EIN (Employer Identification Number) is 85-4401595. 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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