The Michaels Family Foundation Inc
The Michaels Family Foundation Inc is a private foundation based in New York, NY, designated as a 501(c)(3) organization. The foundation has been tax-exempt since January 1991 and operates as a grantmaking entity focused on supporting charitable causes across multiple sectors.
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$6.5M
-3.2% YoY
Annual Giving
$435K
+55.5% YoY
Grant Count
14
+27.3% YoY
Avg Grant Size
$31K
+22.2% YoY
Mission & Focus Areas
The foundation primarily funds unrestricted charitable purposes. Its grant-making focuses on:
- Education
- Philanthropy, Voluntarism & Grantmaking
- Human Services
Grantmaking
The foundation makes grants to preselected charitable organizations. Recent grant recipients have included:
Grant Range
s:**
How to Apply
**
Ready to take the next step with The Michaels Family Foundation Inc?
Geographic Focus
Where this funder awards grants
The foundation's grant-making is primarily concentrated in:
- New York
- California
- Texas
Grant Distribution by State
States
Cities
Financial History
Multi-year comparison from IRS filings
Assets & Giving (Most Recent Filing - 2024):
- Total Assets: $6,496,934
- Total Giving: $435,333
Assets & Giving (2022):
- Total Assets: $6,750,398
- Total Revenue: $115,881
- Total Expenses: $245,322
- Total Liabilities: $0
Income Sources: Investment income and dividends represent the primary revenue source, with $255,259 reported in 2022 (an 11.7% increase from $228,468 in 2021).
| Metric | 2024 | 2023 | 2022 |
|---|---|---|---|
| Total Assets | $6,496,934 | $6,711,141 | $6,750,398 |
| Revenue | $236,398 | $246,031 | $115,881 |
| Expenses | $450,582 | $285,305 | $245,322 |
| Qualifying Distributions | $443,354 | $283,133 | $239,413 |
| Net Investment Income | $239,924 | $243,859 | $249,350 |
| Distributable Amount | $425,707 | $401,549 | $364,935 |
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
77 grants across all recorded years
Giving History
Grant recipients and amounts by year
No grants recorded for .
Leadership & Key People
Leadership team and compensation from IRS filings
- Lorne Michaels — President/Treasurer (5 hours per week, no compensation)
- Alice Michaels — Vice President/Secretary (1 hour per week, no compensation)
The foundation operates with limited staffing based on reported board members and key employees.
Compensation Overview
From 2024 IRS filing
From 2024 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| LORNE MICHAELS | PRESIDENT/TREASURER | 5 | — |
| ALICE MICHAELS | VICE PRESIDENT/SECRETARY | 1 | — |
Related Funders
Similar funders by location and focus area
Launa Beuhler Foundation for
BROOKLYN, NY
Assets
$2K
Grants
4
Total Given
$20K
Uw E J Madden Mem Open Hearts Club 10-214880
NEW YORK, NY
Assets
$1.3M
Grants
1
Total Given
$307K
Hindy's Foundation
BROOKLYN, NY
Assets
$142K
Grants
8
Total Given
$225K
Jeanne & Thomas Hardy Family Foundation
NEW YORK, NY
Assets
$3K
Grants
3
Total Given
$3K
Ramsleg Foundation
BRIGHTWATERS, NY
Assets
$543
Grants
1
Total Given
$500
Druckenmiller Foundation
NEW YORK, NY
Assets
$1.8B
Grants
58
Total Given
$135.7M
Data last updated April 2026. Sourced from IRS Form 990-PF filings. Research dossier generated April 2026.
What could you do with The Michaels Family Foundation Inc on Grantable?
- Assess strategic fit with your organization
- Draft a tailored letter of inquiry
- Find open RFPs from this funder
- Monitor for new funding opportunities