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.
Key facts about The MG Family Foundation Inc
In short: The MG Family Foundation Inc gave $52K across 8 grants in 2023 (avg $6K), mostly in New York. Source: 2023 IRS Form 990-PF.
- EIN
- 87-4079392
- Latest 990 filing
- Form 990-PF, 2023
- Annual giving (2023)
- $51,901
- Grants made (2023)
- 8
- Average grant
- $6,488
- Median grant
- $1,700
- Primary geography
- New York (88% of itemized 2023 grant dollars)
Data from IRS Form 990-PF, 2023; updated September 2026.
Financial Overview
From 2023 IRS Form 990-PF · View filing
Total Assets
—
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.
How The MG Family Foundation Inc gives
- In 2023 it paid out well above 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 2023 grant dollars across all 8 itemized grants.
States
Cities
Giving Over Time
Total grant dollars and number of grants per year
From 2022 to 2023, annual grant giving ranged from $52K (2023) to $498K (2022). In 2023 it made 8 grants totaling $52K.
Grant Insights
How this funder distributes its grants
Top Recipients
Top 8 recipients in 2023
The largest 2023 recipient was Friends of Darchei Hillel Inc ($37K). Together the top 8 received $52K.
Grant Size Distribution
42 grants across all recorded years
The most common grant size was under $50K: 39 grants of 42 (93%).
Giving History
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| Friends of Darchei Hillel Inc Brooklyn, NY | To Further Its 501 (C) Status | $36,600 |
| Ezrat Israel Brooklyn, NY | To Further Its 501(C)(3) Status | $6,301 |
| Hatzalah EMS of the Jersey Shore Elberon, NJ | To Further Its 501(C)(3) Status | $2,600 |
| Congregation Kollel Hechal Hatorah Passaic, NJ | To Further Its 501(C)(3) Status | $2,200 |
| 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 |
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 | — |
| Distributable Amount | $1,138 | $12,651 | $344 |
Data update history
When this profile's IRS filing data changed on Grantable
- IRS filings on file for fiscal years 2021–2023
Leadership & Key People
Officers and directors from IRS filings
The MG Family Foundation Inc is led by Roy Cohen, President on every filing since 2021; none of the 3 officers listed in 2023 report compensation.
Officers on the 2023 filing
Roy Cohen
President
On filings since 2021
0.5 hrs/week
No compensation reported
Peri Cohen
Treasurer
On filings since 2021
0.5 hrs/week
No compensation reported
Perry Ayal
Vice President
On filings since 2021
0.5 hrs/week
No compensation reported
Data from IRS Form 990 filings, 2021–2023. "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 MG Family Foundation Inc
How much does The MG Family Foundation Inc give each year?
The MG Family Foundation Inc gave $52K across 8 grants in 2023, according to its 2023 IRS Form 990-PF. In 2022 it gave $498K across 34 grants.
What is The MG Family Foundation Inc's typical grant size?
The MG Family Foundation Inc's median grant in 2023 was $1,700, and its average grant was $6,488, across 8 grants on its 2023 IRS Form 990-PF.
Where does The MG Family Foundation Inc give grants?
The MG Family Foundation Inc gives mostly in New York: 88% of the grant dollars itemized on its 2023 IRS Form 990-PF went to recipients there. The next largest state was New Jersey (12%). The most frequent recipient cities were Brooklyn, NY (4 grants).
Does The MG Family Foundation Inc give general operating support?
Not in 2023: none of the 8 grants with a stated purpose on The MG Family Foundation Inc's 2023 IRS Form 990-PF were described as general or operating support. Recurring purposes include "To Further Its 501(C)(3) Status" (7 grants).
Who are The MG Family Foundation Inc's largest grantees?
The MG Family Foundation Inc's largest 2023 grantees include Friends of Darchei Hillel Inc ($36,600), Ezrat Israel ($6,301) and Hatzalah EMS of the Jersey Shore ($2,600), according to its 2023 IRS Form 990-PF. Together they received 88% of its itemized 2023 grant dollars.
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.
Data last updated September 2026. Sourced from IRS Form 990-PF filings.
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