The Cayre & Alexis Michas Foundation Corp
The Cayre & Alexis Michas Foundation Corp is a private foundation, based in New Yrok, NY. IRS filing data is available from 2021 through 2025. As of 2025, the organization holds $276K in total assets. In 2025, it awarded 5 grants totaling $48K. Net investment income was $37K.
Key facts about The Cayre & Alexis Michas Foundation Corp
In short: The Cayre & Alexis Michas Foundation Corp gave $48K across 5 grants in 2025 (avg $10K), mostly in Connecticut. Source: 2025 IRS Form 990-PF.
- EIN
- 87-3768436
- Latest 990 filing
- Form 990-PF, 2025
- Annual giving (2025)
- $47,500
- Grants made (2025)
- 5
- Average grant
- $9,500
- Median grant
- $1,000
- Total assets
- $276,247
- Primary geography
- Connecticut (76% of itemized 2025 grant dollars)
Data from IRS Form 990-PF, 2025; updated October 2026.
Financial Overview
From 2025 IRS Form 990-PF · View filing
Total Assets
$276K
-5.6% YoY
Annual Giving
$48K
-3.1% YoY
Grant Count
5
-16.7% YoY
Avg Grant Size
$10K
+16.3% YoY
Under IRS private-foundation payout rules, The Cayre & Alexis Michas Foundation Corp reported a distributable amount of $39K for 2025 — the minimum it must pay out in qualifying distributions.
How The Cayre & Alexis Michas Foundation Corp gives
- Giving fell 74% from 2022 to 2025. Method
- In 2025 it paid out 130% of its IRS minimum distribution (the 5% rule). Method
From the foundation's IRS Form 990-PF filings. Methodology.
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Geographic Focus
Where this funder awards grants
Grant Distribution by State
Share of 2025 grant dollars across all 5 itemized grants.
Cities
Giving Over Time
Total grant dollars and number of grants per year
From 2022 to 2025, annual grant giving ranged from $48K (2025) to $185K (2022). In 2025 it made 5 grants totaling $48K.
Grant Insights
How this funder distributes its grants
Top Recipients
Top 5 recipients in 2025
The largest 2025 recipient was Mystic Seaport Museum ($35K). Together the top 5 received $48K.
Grant Size Distribution
20 grants across all recorded years
The most common grant size was under $50K: 19 grants of 20 (95%).
Giving History
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| Mystic Seaport Museum Mystic, CT | General Operating | $35,000 |
| US Sailing Association Bristol, RI | General Operating | $10,000 |
| Mill Reef Fund Greenwich, CT | General Operating | $1,000 |
| Street Squash New York, NY | General Operating | $1,000 |
| Kenya Education Fund New York, NY | General Operating | $500 |
Financial History
Multi-year comparison from IRS filings
| Metric | 2025 | 2024 | 2023 |
|---|---|---|---|
| Total Assets | $276,247 | $292,720 | $252,701 |
| Revenue | $39,694 | $94,469 | $2,584 |
| Expenses | $56,167 | $54,450 | $59,636 |
| Qualifying Distributions | $50,408 | $51,700 | $59,386 |
| Net Investment Income | $36,735 | $91,719 | $2,434 |
| Distributable Amount | $38,860 | $46,266 | $52,865 |
Data update history
When this profile's IRS filing data changed on Grantable
- Added Form 990-PF for fiscal year 2025 (received by the IRS August 17, 2026)
- IRS filings on file for fiscal years 2021–2024
Leadership & Key People
Officers and directors from IRS filings
The Cayre & Alexis Michas Foundation Corp is led by Alexandros P. Michas, Chair on every filing since 2021; none of the 5 officers listed in 2025 report compensation.
Officers on the 2025 filing
Alexandros P. Michas
Chair
On filings since 2021
1 hr/week
No compensation reported
Gordon Pan Michas
Director
On filings since 2021
0.1 hrs/week
No compensation reported
Jason Macpherson Michas
Director
On filings since 2021
0.1 hrs/week
No compensation reported
Zoe Easson Michas
Director
On filings since 2021
0.1 hrs/week
No compensation reported
Carolyn Macpherson Michas
Vice Chair
On filings since 2021
1 hr/week
No compensation reported
Data from IRS Form 990 filings, 2021–2025. "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 The Cayre & Alexis Michas Foundation Corp
How much does The Cayre & Alexis Michas Foundation Corp give each year?
The Cayre & Alexis Michas Foundation Corp gave $48K across 5 grants in 2025, according to its 2025 IRS Form 990-PF. In 2024 it gave $49K across 6 grants.
What is The Cayre & Alexis Michas Foundation Corp's typical grant size?
The Cayre & Alexis Michas Foundation Corp's median grant in 2025 was $1,000, and its average grant was $9,500, across 5 grants on its 2025 IRS Form 990-PF.
Where does The Cayre & Alexis Michas Foundation Corp give grants?
The Cayre & Alexis Michas Foundation Corp gives mostly in Connecticut: 76% of the grant dollars itemized on its 2025 IRS Form 990-PF went to recipients there. The next largest state was Rhode Island (21%). The most frequent recipient cities were New York, NY (2 grants).
Does The Cayre & Alexis Michas Foundation Corp give general operating support?
Yes: 100% of The Cayre & Alexis Michas Foundation Corp's 2025 grants with a stated purpose (5 of 5) were for general or operating support, per its 2025 IRS Form 990-PF.
Who are The Cayre & Alexis Michas Foundation Corp's largest grantees?
The Cayre & Alexis Michas Foundation Corp's largest 2025 grantees include Mystic Seaport Museum ($35,000), US Sailing Association ($10,000) and Mill Reef Fund ($1,000), according to its 2025 IRS Form 990-PF. Together they received 97% of its itemized 2025 grant dollars.
How large is The Cayre & Alexis Michas Foundation Corp?
The Cayre & Alexis Michas Foundation Corp reported $276K in total assets on its 2025 IRS Form 990-PF. It paid out $50K in qualifying distributions that year, against a required minimum of $39K (roughly 5% of its investment assets).
What is The Cayre & Alexis Michas Foundation Corp's EIN?
The Cayre & Alexis Michas Foundation Corp's EIN (Employer Identification Number) is 87-3768436. IRS Form 990 filing data is available on this page for 2021–2025.
Data last updated October 2026. Sourced from IRS Form 990-PF filings.
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