The MEP Foundation
The MEP Foundation is a private foundation, based in Cranbury, NJ. IRS filing data is available from 2019 through 2025. As of 2025, the organization holds $1.7M in total assets. In 2025, it awarded 5 grants totaling $67K. Net investment income was $45K.
Key facts about The MEP Foundation
In short: The MEP Foundation gave $67K across 5 grants in 2025 (avg $13K), top state North Carolina. Source: 2025 IRS Form 990-PF.
- EIN
- 47-2474770
- Latest 990 filing
- Form 990-PF, 2025
- Annual giving (2025)
- $66,500
- Grants made (2025)
- 5
- Average grant
- $13,300
- Median grant
- $10,000
- Total assets
- $1,706,191
- Primary geography
- North Carolina (38% of itemized 2025 grant dollars)
Data from IRS Form 990-PF, 2025; updated September 2026.
Financial Overview
From 2025 IRS Form 990-PF · View filing
Total Assets
$1.7M
-1.3% YoY
Annual Giving
$67K
-15.8% YoY
Grant Count
5
-58.3% YoY
Avg Grant Size
$13K
+102.0% YoY
Under IRS private-foundation payout rules, The MEP Foundation reported a distributable amount of $99K for 2025 — the minimum it must pay out in qualifying distributions.
How The MEP Foundation gives
- Giving fell 63% from 2022 to 2025. Method
- In 2025 it paid out 67% 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.
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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.
States
Cities
Giving Over Time
Total grant dollars and number of grants per year
From 2019 to 2025, annual grant giving ranged from $67K (2025) to $180K (2022). In 2025 it made 5 grants totaling $67K.
Grant Insights
How this funder distributes its grants
Top Recipients
Top 5 recipients in 2025
The largest 2025 recipient was Education Foundation for Winston-Salem Forsyth County Schools ($25K). Together the top 5 received $67K.
Grant Size Distribution
55 grants across all recorded years
The most common grant size was under $50K: 54 grants of 55 (98%).
Giving History
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| Education Foundation for Winston-Salem Forsyth County Schools Winston-Salem, NC | General | $25,000 |
| Upaya Zen Center Santa Fe, NM | General | $20,000 |
| Jubilee Gift Galaxy Inc Middletown, NY | General | $10,000 |
| Art into Acres Fairfax, CA | General | $7,000 |
| Nielsen Foundation Oldsmar, FL | General | $4,500 |
Financial History
Multi-year comparison from IRS filings
| Metric | 2025 | 2024 | 2023 |
|---|---|---|---|
| Total Assets | $1,706,191 | $1,727,857 | $1,789,817 |
| Revenue | $55,097 | $33,179 | $251,248 |
| Expenses | $76,763 | $95,139 | $178,389 |
| Qualifying Distributions | $66,577 | $79,233 | $157,297 |
| Net Investment Income | $44,911 | $23,036 | $234,764 |
| Distributable Amount | $99,108 | $97,320 | $100,815 |
Data update history
When this profile's IRS filing data changed on Grantable
- Updated Form 990-PF for fiscal year 2019 (received by the IRS May 14, 2020)
- Updated Form 990-PF for fiscal year 2020 (received by the IRS November 1, 2021)
- Updated Form 990-PF for fiscal year 2021 (received by the IRS May 16, 2022)
- Updated Form 990-PF for fiscal year 2022 (received by the IRS May 12, 2023)
- Updated Form 990-PF for fiscal year 2023 (received by the IRS April 29, 2024)
- Updated Form 990-PF for fiscal year 2024 (received by the IRS May 1, 2025)
- Added Form 990-PF for fiscal year 2025 (received by the IRS May 12, 2026)
- IRS filings on file for fiscal years 2019–2024
Leadership & Key People
Officers and directors from IRS filings
The MEP Foundation is led by Matthew Palevsky, President on every filing since 2019; none of the 2 officers listed in 2025 report compensation.
Officers on the 2025 filing
Matthew Palevsky
President
On filings since 2019
1 hr/week
No compensation reported
Richard Perl
Treasurer
On filings since 2019
1 hr/week
No compensation reported
Data from IRS Form 990 filings, 2019–2025. "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 MEP Foundation
How much does The MEP Foundation give each year?
The MEP Foundation gave $67K across 5 grants in 2025, according to its 2025 IRS Form 990-PF. In 2024 it gave $79K across 12 grants.
What is The MEP Foundation's typical grant size?
The MEP Foundation's median grant in 2025 was $10,000, and its average grant was $13,300, across 5 grants on its 2025 IRS Form 990-PF.
Where does The MEP Foundation give grants?
The MEP Foundation's top state is North Carolina, with 38% of the grant dollars itemized on its 2025 IRS Form 990-PF. The next largest states were New Mexico (30%) and New York (15%).
Does The MEP Foundation give general operating support?
Yes: 100% of The MEP Foundation'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 MEP Foundation's largest grantees?
The MEP Foundation's largest 2025 grantees include Education Foundation for Winston-Salem Forsyth County Schools ($25,000), Upaya Zen Center ($20,000) and Jubilee Gift Galaxy Inc ($10,000), according to its 2025 IRS Form 990-PF. Together they received 83% of its itemized 2025 grant dollars.
How large is The MEP Foundation?
The MEP Foundation reported $1.7M in total assets on its 2025 IRS Form 990-PF. It paid out $67K in qualifying distributions that year, against a required minimum of $99K (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 The MEP Foundation's EIN?
The MEP Foundation's EIN (Employer Identification Number) is 47-2474770. IRS Form 990 filing data is available on this page for 2019–2025.
Data last updated September 2026. Sourced from IRS Form 990-PF filings.
Here's the math on researching The MEP Foundation by hand.
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