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.
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
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 |
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 include Boston College ($62,000), Boston Children's Hospital Trust ($60,000), Fca (family & Children's Agency) ($27,500).
| Recipient | Purpose | Amount |
|---|---|---|
| ABILIS GREENWICH, CT | ANNUAL FUND | $1,000 |
| BOSTON CHILDREN'S HOSPITAL TRUST BOSTON, MA | PEDIATRIC DIAGNOSTIC PROGRAM (PCP) | $60,000 |
| BOSTON COLLEGE CHESTNUT HILL, MA | GOLDBERG GRADUATE NURSING FELLOWSHIP | $62,000 |
| COFFEE FOR GOOD - CAF GREENWICH, CT | ANNUAL FUND | $1,000 |
| FCA (FAMILY & CHILDREN'S AGENCY) NORWALK, CT | FOSTER CARE PROGRAM | $27,500 |
| GREENWICH POINT CONSERVANCY OLD GREENWICH, CT | ANNUAL FUND | $1,000 |
| IMPACT FAIRFIELD GREENWICH, CT | COLLECTIVE GIVING TO LOCAL NON-PROFITS. | $1,100 |
| LEARNING SPRING SCHOOL FOR AUTISM NEW YORK, NY | ANNUAL FUND | $500 |
| NEW CANAAN COUNTRY SCHOOL NEW CANAAN, CT | ANNUAL FUND | $500 |
| NORTH CAROLINA OUTWARD BOUND SCHOOL CHARLOTTE, NC | ANNUAL FUND | $100 |
Leadership & Key People
Officers and directors from IRS filings
Compensation Overview
From 2024 IRS filing
From 2024 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.
Explore Open Grants
Browse active grant opportunities in The Mhg 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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