The Michaels Family Foundation Inc

NEW YORK, NY EIN: 13-3584269

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

Under IRS private-foundation payout rules, The Michaels Family Foundation Inc reported a distributable amount of $426K for 2024 — the minimum it must pay out in qualifying distributions.

Research compiled by Grantable AI from public sources. Last updated April 2026.

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

**

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Geographic Focus

Where this funder awards grants

The foundation's grant-making is primarily concentrated in:

  • New York
  • California
  • Texas

Grant Distribution by State

11states
+3 more states

States

CaliforniaConnecticutDistrict of ColumbiaFloridaLouisianaMassachusettsMaineNorth CarolinaNew YorkOregonTexas

Cities

AustinBangorBridgehamptonBronxBrooklynChapel HillDeerfieldEast HamptonEast SetauketLos AngelesMachiasNew HavenNew MilfordNew OrleansNew YorkOaklandPortlandRhinebeckRochesterSag Harbor

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).

Revenue
Expenses
Qualifying Distributions
Net Investment Income
$0$189K$379K$568K$758K20202021202220232024
Metric202420232022
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

$0$154K$308K$462K$616K21 grants202017 grants202114 grants202211 grants202314 grants2024

Grant Insights

How this funder distributes its grants

Top Recipients

Top 10 recipients in 2024

THE UNIVERSITY OF TEXAS …$173KSURVIVORS OF THE SHOAH V…$50KTHE KING'S FOUNDATION AM…$30KPEN AMERICA CENTER INC$25KROBIN HOOD FOUNDATION$25KTHE PAINTED TURTLE$25KINTERNATIONAL RESCUE COM…$25KTHE PALEY CENTER FOR MEDIA$20KMOUNT SINAI HEALTH SYSTE…$15KREGENTS OF THE UNIVERSIT…$15K

Grant Size Distribution

77 grants across all recorded years

61<$50K10$50–100K6$100–250K$250–500K$500K–1M$1–5M$5M+

Giving History

Grant recipients and amounts by year

Among its reported 2024 grants, the largest include The University of Texas at Austin ($173,333), Survivors of the Shoah Visual History Foundation ($50,000), The King's Foundation America Inc ($30,000).

RecipientPurposeAmount
THE UNIVERSITY OF TEXAS AT AUSTIN AUSTIN, TXUNRESTRICTED CHARITABLE PURPOSE$173,333
NEW YORK UNIVERITY NEW YORK, NYUNRESTRICTED CHARITABLE PURPOSE$5,000
REGENTS OF THE UNIVERSITY OF CALIFORNIA OAKLAND, CAUNRESTRICTED CHARITABLE PURPOSE$14,500
ALLIANCE FOR CHILDREN'S RIGHTS LOS ANGELES, CAUNRESTRICTED CHARITABLE PURPOSE$10,000
PEN AMERICA CENTER INC NEW YORK, NYUNRESTRICTED CHARITABLE PURPOSE$25,000
ROBIN HOOD FOUNDATION NEW YORK, NYUNRESTRICTED CHARITABLE PURPOSE$25,000
THE PALEY CENTER FOR MEDIA NEW YORK, NYUNRESTRICTED CHARITABLE PURPOSE$20,000
THE KING'S FOUNDATION AMERICA INC ROCHESTER, NYUNRESTRICTED CHARITABLE PURPOSE$30,000
THE PAINTED TURTLE SANTA MONICA, CAUNRESTRICTED CHARITABLE PURPOSE$25,000
SURVIVORS OF THE SHOAH VISUAL HISTORY FOUNDATION LOS ANGELES, CAUNRESTRICTED CHARITABLE PURPOSE$50,000

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

NameTitleHoursCompensation
LORNE MICHAELSPRESIDENT/TREASURER5—
ALICE MICHAELSVICE PRESIDENT/SECRETARY1—

Frequently Asked Questions

What does The Michaels Family Foundation Inc fund?

The foundation primarily funds unrestricted charitable purposes. Its grant-making focuses on: • Education • Philanthropy, Voluntarism & Grantmaking • Human Services

How do I apply for a grant from The Michaels Family Foundation Inc?

**Grant Activity:** The foundation makes grants to preselected charitable organizations. Recent grant recipients have included: • PEN American Center ($50,000) • Robin Hood Foundation / Tudor Charitable Trust ($25,000) • Down East Community Hospital ($25,000) **Grant Sizes:** Typical awards range from $1,000 to $173,333, with a median grant amount of $23,000. The foundation made 14 grants in its most recent filing period. **Application Process:** The foundation operates on a preselected-only ba…

Where does The Michaels Family Foundation Inc make grants?

The foundation's grant-making is primarily concentrated in: • New York • California • Texas

What size grants does The Michaels Family Foundation Inc award?

In 2024, The Michaels Family Foundation Inc awarded 14 grants totaling $435K — an average of about $31K per grant, based on its IRS Form 990 filings.

How much is The Michaels Family Foundation Inc required to give away each year?

Private foundations must generally distribute about 5% of their assets annually. For 2024, The Michaels Family Foundation Inc reported a distributable amount of $426K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.

What is The Michaels Family Foundation Inc's EIN?

The Michaels Family Foundation Inc's EIN (Employer Identification Number) is 13-3584269. IRS Form 990 filing data is available on this page for 2020–2024.

Explore Open Grants

Browse active grant opportunities in The Michaels Family Foundation Inc's focus areas in our free grants database

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Data last updated June 2026. Sourced from IRS Form 990-PF filings. Research dossier generated April 2026.

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