The Mhe Foundation Inc is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in EDGEWATER, MD. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $21.9M in total assets. In 2024, it awarded 20 grants totaling $1.1M. Net investment income was $336K.
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$21.9M
-1.6% YoY
Annual Giving
$1.1M
-11.6% YoY
Grant Count
20
+5.3% YoY
Avg Grant Size
$53K
-16.1% YoY
Under IRS private-foundation payout rules, The Mhe Foundation Inc reported a distributable amount of $1.7M for 2024 — the minimum it must pay out in qualifying distributions.
About The Mhe Foundation Inc
Based on IRS filings
The Mhe Foundation Inc is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in EDGEWATER, MD. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $21.9M in total assets. In 2024, it awarded 20 grants totaling $1.1M. Net investment income was $336K.
Focus Areas
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Geographic Focus
Where this funder awards grants
Grant Distribution by State
Cities
Financial History
Multi-year comparison from IRS filings
| Metric | 2024 | 2023 | 2022 |
|---|---|---|---|
| Total Assets | $21,888,719 | $22,242,466 | $1,734,474 |
| Revenue | $183,745 | $1,345,740 | $39,328 |
| Expenses | $1,063,264 | $1,200,578 | $289,416 |
| Qualifying Distributions | $1,059,757 | $1,198,828 | $287,103 |
| Net Investment Income | $336,292 | $100,815 | $67,808 |
| Distributable Amount | $1,667,824 | $1,145,238 | $202,851 |
Giving Over Time
Total grant dollars and number of grants per year
Grant Insights
How this funder distributes its grants
Top Recipients
Top 10 recipients in 2024
Grant Size Distribution
75 grants across all recorded years
Giving History
Grant recipients and amounts by year
Among its reported 2024 grants, the largest include Historic Annapolis ($192,568), Anne Arundel Medical Center ($101,506), Chesapeake Conservancy ($101,506).
| Recipient | Purpose | Amount |
|---|---|---|
| AAC LIBRARY FOUNDATION ANNAPOLIS, MD | EDUCATION | $40,000 |
| ANNE ARUNDEL MEDICAL CENTER ANNAPOLIS, MD | UNRESTRICTED | $101,506 |
| ARCHBISIHOP SPALDING HIGH SCHOOL SEVERN, MD | EDUCATION | $50,753 |
| ARTS COUNCIL OF ANNE ARUNDEL COUNTY ANNAPOLIS, MD | UNRESTRICTED | $43,500 |
| CHESAPEAKE ARTS CENTER BROOKLYN PARK, MD | UNRESTRICTED | $50,573 |
| CHESAPEAKE BAY FOUNDATION ANNAPOLIS, MD | NATURE CONSERVATION | $20,000 |
| CHESAPEAKE BAY TRUST ANNAPOLIS, MD | NATURE CONSERVATION | $10,000 |
| CHESAPEAKE CONSERVANCY ANNAPOLIS, MD | EDUCATION & CONSERVATION | $101,506 |
| CHILDREN'S THEATER OF ANNAPOLIS ANNAPOLIS, MD | UNRESTRICTED | $10,000 |
| CHILDREN'S TUMOR FOUNDATION NEW YORK, NY | UNRESTRICTED | $20,000 |
Leadership & Key People
Officers and directors from IRS filings
Compensation Overview
From 2024 IRS filing
From 2024 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| MATTHEW A EARL | PRESIDENT AND TREASURER | 1 | — |
| DIANE K MCBEE | VICE PRESIDENT AND SECRETARY | 1 | — |
Subject Areas
Focus areas based on grantmaking activity
Frequently Asked Questions
What is The Mhe Foundation Inc?
The Mhe Foundation Inc is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in EDGEWATER, MD. It holds $21.9M in total assets as of 2024.
How large is The Mhe Foundation Inc?
As of 2024, The Mhe Foundation Inc holds $21.9M in total assets with $184K in annual revenue. It awarded 20 grants totaling $1.1M in 2024.
Where does The Mhe Foundation Inc operate?
The Mhe Foundation Inc has awarded grants in Arizona, Maryland, New York, Virginia.
What size grants does The Mhe Foundation Inc award?
In 2024, The Mhe Foundation Inc awarded 20 grants totaling $1.1M — an average of about $53K per grant, based on its IRS Form 990 filings.
How much is The Mhe Foundation Inc required to give away each year?
Private foundations must generally distribute about 5% of their assets annually. For 2024, The Mhe Foundation Inc reported a distributable amount of $1.7M on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.
What is The Mhe Foundation Inc's EIN?
The Mhe Foundation Inc's EIN (Employer Identification Number) is 16-1643939. IRS Form 990 filing data is available on this page for 2020–2024.
Explore Open Grants
Browse active grant opportunities in The Mhe 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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