The Mg Family Foundation Inc
The Mg Family Foundation Inc is a private foundation, based in BROOKLYN, NY. IRS filing data is available from 2021 through 2023. In 2023, it awarded 8 grants totaling $52K.
Financial Overview
From 2023 IRS Form 990-PF · View filing
Total Assets
—
-100.0% YoY
Annual Giving
$52K
-89.6% YoY
Grant Count
8
-76.5% YoY
Avg Grant Size
$6K
-55.7% YoY
Under IRS private-foundation payout rules, The Mg Family Foundation Inc reported a distributable amount of $1K for 2023 — the minimum it must pay out in qualifying distributions.
About The Mg Family Foundation Inc
Based on IRS filings
The Mg Family Foundation Inc is a private foundation, based in BROOKLYN, NY. IRS filing data is available from 2021 through 2023. In 2023, it awarded 8 grants totaling $52K.
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Geographic Focus
Where this funder awards grants
Grant Distribution by State
States
Cities
Financial History
Multi-year comparison from IRS filings
| Metric | 2023 | 2022 | 2021 |
|---|---|---|---|
| Total Assets | — | $46,205 | $500,000 |
| Revenue | $10,000 | $45,000 | $500,000 |
| Expenses | $56,205 | $498,795 | — |
| Qualifying Distributions | $48,276 | $498,020 | — |
| Net Investment Income | — | — | — |
| Distributable Amount | $1,138 | $12,651 | $344 |
Giving Over Time
Total grant dollars and number of grants per year
Grant Insights
How this funder distributes its grants
Top Recipients
Top 8 recipients in 2023
Grant Size Distribution
42 grants across all recorded years
Giving History
Grant recipients and amounts by year
Among its reported 2023 grants, the largest include Friends of Darchei Hillel Inc ($36,600), Ezrat Israel ($6,301), Hatzalah Ems of the Jersey Shore ($2,600).
| Recipient | Purpose | Amount |
|---|---|---|
| CONGREGATION KOLLEL HECHAL HATORAH PASSAIC, NJ | TO FURTHER ITS 501(C)(3) STATUS | $2,200 |
| EZRAT ISRAEL BROOKLYN, NY | TO FURTHER ITS 501(C)(3) STATUS | $6,301 |
| FRIENDS OF DARCHEI HILLEL INC BROOKLYN, NY | TO FURTHER ITS 501 (C) STATUS | $36,600 |
| HATZALAH EMS OF THE JERSEY SHORE ELBERON, NJ | TO FURTHER ITS 501(C)(3) STATUS | $2,600 |
| NETIVEI OHR YAAKOV INC LAKEWOOD, NJ | TO FURTHER ITS 501(C)(3) STATUS | $1,200 |
| OHR MENACHEM BROOKLYN, NY | TO FURTHER ITS 501(C)(3) STATUS | $1,000 |
| SEPHARDIC BIKUR HOLIM BROOKLYN, NY | TO FURTHER ITS 501(C)(3) STATUS | $1,000 |
| OR DAVID CEDARHURST, NY | TO FURTHER ITS 501(C)(3) STATUS | $1,000 |
Leadership & Key People
Officers and directors from IRS filings
Compensation Overview
From 2023 IRS filing
From 2023 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| ROY COHEN | PRESIDENT | 0.5 | — |
| PERI COHEN | TREASURER | 0.5 | — |
| PERRY AYAL | VICE PRESIDENT | 0.5 | — |
Frequently Asked Questions
Where does The Mg Family Foundation Inc operate?
The Mg Family Foundation Inc has awarded grants in New Jersey, New York.
What size grants does The Mg Family Foundation Inc award?
In 2023, The Mg Family Foundation Inc awarded 8 grants totaling $52K — an average of about $6K per grant, based on its IRS Form 990 filings.
How much is The Mg Family Foundation Inc required to give away each year?
Private foundations must generally distribute about 5% of their assets annually. For 2023, The Mg Family Foundation Inc reported a distributable amount of $1K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.
What is The Mg Family Foundation Inc's EIN?
The Mg Family Foundation Inc's EIN (Employer Identification Number) is 87-4079392. IRS Form 990 filing data is available on this page for 2021–2023.
Explore Open Grants
Browse active grant opportunities in The Mg Family Foundation Inc's focus areas in our free grants database
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Data last updated April 2026. Sourced from IRS Form 990-PF filings.
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