The MHG Foundation Inc
The MHG Foundation Inc is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in Old Greenwich, CT. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $3.8M in total assets. In 2024, it awarded 25 grants totaling $188K. Net investment income was $366K.
Key facts about The MHG Foundation Inc
- EIN
- 20-1993159
- Latest 990 filing
- Form 990-PF, 2024
- Annual giving (2024)
- $187,900
- Grants made (2024)
- 25
- Average grant
- $7,516
- Median grant
- $1,000
- New grantees (estimate)
- 40% first-time grantees (10 of 25, 2024)
- Total assets
- $3,828,116
- Primary geography
- Massachusetts (65% of itemized 2024 grant dollars)
Data from IRS Form 990-PF, 2024; updated September 2026. New grantees are estimated by matching recipient names across years (methodology).
Who The MHG Foundation Inc funds
By grant dollars, the top recipient states for The MHG Foundation Inc's 25 itemized 2024 grants were Massachusetts (65%) and Connecticut (31%). The most frequent recipient cities were Greenwich, CT (5 grants), Stamford, CT (5 grants) and Old Greenwich, CT (2 grants). 76% of grants with a stated purpose were for general or operating support.
Is The MHG Foundation Inc open to new grantees?
40%
first-time grantees, 2024
In 2024, 10 of 25 grantees (40%) were first-time recipients. First grants averaged $2K; repeat grants $11K. How we count
Medians: $750 first-time, $1K repeat.
- 60% of 2024 grantees were also funded in 2023. Method
- Giving held roughly steady from 2021 to 2024 (+9%). Method
- In 2024 it paid out 89% of its IRS minimum distribution (the 5% rule). Foundations have until the end of the next year to meet it. Method
Estimate from itemized IRS Form 990-PF grant lists (2020–2024). Recipient names are matched across years, so a renamed or misspelled grantee can look new; grants to individuals are left out. Methodology.
Next steps with The MHG Foundation Inc
- How to evaluate The MHG Foundation Inc as a funder
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Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$3.8M
+2.7% YoY
Annual Giving
$188K
+0.4% YoY
Grant Count
25
+47.1% YoY
Avg Grant Size
$8K
-31.7% YoY
Under IRS private-foundation payout rules, The MHG Foundation Inc reported a distributable amount of $232K for 2024 — the minimum it must pay out in qualifying distributions.
About The MHG Foundation Inc
Based on IRS filings
The MHG Foundation Inc is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in Old Greenwich, CT. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $3.8M in total assets. In 2024, it awarded 25 grants totaling $188K. Net investment income was $366K.
Focus Areas
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Geographic Focus
Where this funder awards grants
Grant Distribution by State
Share of all 25 itemized 2024 grant dollars.
Cities
Financial History
Multi-year comparison from IRS filings
| Metric | 2024 | 2023 | 2022 |
|---|---|---|---|
| Total Assets | $3,828,116 | $3,729,182 | $3,745,617 |
| Revenue | $337,998 | $215,889 | $241,636 |
| Expenses | $239,064 | $232,324 | $253,682 |
| Qualifying Distributions | $205,743 | $205,680 | $219,284 |
| Net Investment Income | $365,703 | $166,102 | $212,184 |
| Distributable Amount | $232,133 | $206,482 | $208,961 |
Data update history
When this profile's IRS filing data changed on Grantable
- IRS filings on file for fiscal years 2020–2024
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
89 grants across all recorded years
Giving History
Grant recipients and amounts by year
Among its reported 2024 grants, the largest recipients include Boston College ($62,000), Boston Children's Hospital Trust ($60,000), Fca (Family & Children's Agency) ($27,500).
| Recipient | Purpose | Amount |
|---|---|---|
| BOSTON COLLEGE Chestnut Hill, MA | GOLDBERG GRADUATE NURSING FELLOWSHIP | $62,000 |
| BOSTON CHILDREN'S HOSPITAL TRUST Boston, MA | PEDIATRIC DIAGNOSTIC PROGRAM (PCP) | $60,000 |
| FCA (FAMILY & CHILDREN'S AGENCY) Norwalk, CT | FOSTER CARE PROGRAM | $27,500 |
| EAGLE HILL Greenwich, CT | ANNUAL FUND | $10,000 |
| REACH PREP Stamford, CT | ANNUAL FUND | $5,000 |
| GLADNEY CENTER FOR ADOPTION Fort Worth, TX | ANNUAL FUND | $5,000 |
| WATERSIDE SCHOOL Stamford, CT | ANNUAL FUND | $5,000 |
| SOUNDWATERS Stamford, CT | HARBOR CENTER CAMPAIGN | $2,000 |
| THE PROSPECTOR THEATER Ridgefield, CT | ANNUAL FUND | $1,500 |
| IMPACT FAIRFIELD Greenwich, CT | COLLECTIVE GIVING TO LOCAL NON-PROFITS. | $1,100 |
Leadership & Key People
Officers and directors from IRS filings
Compensation Overview
From 2024 IRS filing
From 2024 IRS filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| Michael S Goldberg | Co-President | — | — |
| Heather W Goldberg | Co-President | 20 | $12,218 |
Subject Areas
Focus areas based on grantmaking activity
Frequently Asked Questions
What is The MHG Foundation Inc?
The MHG Foundation Inc is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in Old Greenwich, CT. It holds $3.8M in total assets as of 2024.
How large is The MHG Foundation Inc?
As of 2024, The MHG Foundation Inc holds $3.8M in total assets with $338K in annual revenue. It awarded 25 grants totaling $188K in 2024.
Where does The MHG Foundation Inc operate?
The MHG Foundation Inc has awarded grants in Connecticut, Massachusetts, North Carolina, New York, Texas, Virginia, Vermont.
What size grants does The MHG Foundation Inc award?
In 2024, The MHG Foundation Inc awarded 25 grants totaling $188K — an average of about $8K per grant, based on its IRS Form 990 filings.
How much is The MHG Foundation Inc required to give away each year?
Private foundations must generally distribute about 5% of their assets annually. For 2024, The MHG Foundation Inc reported a distributable amount of $232K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.
What is The MHG Foundation Inc's EIN?
The MHG Foundation Inc's EIN (Employer Identification Number) is 20-1993159. IRS Form 990 filing data is available on this page for 2020–2024.
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Data last updated September 2026. Sourced from IRS Form 990-PF filings.