The Mg Family Foundation Inc

BROOKLYN, NY EIN: 87-4079392

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

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

2states

Cities

BrooklynCedarhurstDealEatontownElberonLakewoodNew YorkNorth BergenOakhurstOceanPassaicSpring ValleyWest Long Branch

Financial History

Multi-year comparison from IRS filings

Revenue
Expenses
Qualifying Distributions
Net Investment Income
$0$138K$275K$413K$550K202120222023
Metric202320222021
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

$0$125K$249K$374K$498K0 grants202134 grants20228 grants2023

Grant Insights

How this funder distributes its grants

Top Recipients

Top 8 recipients in 2023

FRIENDS OF DARCHEI HILLE…$37KEZRAT ISRAEL$6KHATZALAH EMS OF THE JERS…$3KCONGREGATION KOLLEL HECH…$2KNETIVEI OHR YAAKOV INC$1KOHR MENACHEM$1KSEPHARDIC BIKUR HOLIM$1KOR DAVID$1K

Grant Size Distribution

42 grants across all recorded years

39<$50K2$50–100K1$100–250K$250–500K$500K–1M$1–5M$5M+

Giving History

Grant recipients and amounts by year

No grants recorded for .

Leadership & Key People

Officers and directors from IRS filings

Compensation Overview

From 2023 IRS filing

From 2023 filing

NameTitleHoursCompensation
ROY COHENPRESIDENT0.5
PERI COHENTREASURER0.5
PERRY AYALVICE PRESIDENT0.5

Data last updated April 2026. Sourced from IRS Form 990-PF filings.

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