The Mhe Foundation Inc

EDGEWATER, MD EIN: 16-1643939

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

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.

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Geographic Focus

Where this funder awards grants

Grant Distribution by State

4states

Cities

AnnapolisArlingtonBaltimoreBrooklyn ParkCollege ParkDavidsonvilleNew YorkPikesvilleSevernTucson

Financial History

Multi-year comparison from IRS filings

Revenue
Expenses
Qualifying Distributions
Net Investment Income
$0$370K$740K$1M$1M20202021202220232024
Metric202420232022
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

$0$300K$599K$899K$1M11 grants202012 grants202113 grants202219 grants202320 grants2024

Grant Insights

How this funder distributes its grants

Top Recipients

Top 10 recipients in 2024

HISTORIC ANNAPOLIS$193KANNE ARUNDEL MEDICAL CEN…$102KCHESAPEAKE CONSERVANCY$102KWATERSHED STEWARDS$102KARCHBISIHOP SPALDING HIG…$51KCHESAPEAKE ARTS CENTER$51KMARYLAND HALL$51KTHE LIGHT HOUSE$51KMOUNT SAINT JOSEPH$50KRESILIENCE AUTHORITY OF …$50K

Grant Size Distribution

75 grants across all recorded years

56<$50K10$50–100K8$100–250K$250–500K1$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 2024 IRS filing

From 2024 filing

NameTitleHoursCompensation
MATTHEW A EARLPRESIDENT AND TREASURER1
DIANE K MCBEEVICE PRESIDENT AND SECRETARY1

Subject Areas

Focus areas based on grantmaking activity

Related Funders

Similar funders by location and focus area

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

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