The Michaels Family Foundation Inc
The Michaels Family Foundation Inc is a private foundation based in New York, NY. It makes grants to charitable organizations; its 2024 filing describes the purposes of its listed grants as unrestricted charitable purposes.
Key facts about The Michaels Family Foundation Inc
In short: The Michaels Family Foundation Inc gave $435K across 14 grants in 2024 (avg $31K), top state Texas. 71% of 2024 grantees were new. Source: 2024 IRS Form 990-PF.
- EIN
- 13-3584269
- Latest 990 filing
- Form 990-PF, 2024
- Annual giving (2024)
- $435,333
- Grants made (2024)
- 14
- Average grant
- $31,095
- Median grant
- $22,500
- New grantees (estimate)
- 71% first-time grantees (10 of 14, 2024)
- Total assets
- $6,496,934
- Primary geography
- Texas (40% of itemized 2024 grant dollars)
- Accepts unsolicited proposals
- No
- How to apply
- The foundation makes contributions only to preselected charitable organizations and does not accept unsolicited requests for funds. Full details ↓
Data from IRS Form 990-PF, 2024; updated September 2026. New grantees are estimated by matching recipient names across years (methodology). Application details from Grantable's research on the foundation's public materials; confirm on its website before applying.
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.
Is The Michaels Family Foundation Inc open to new grantees?
71%
first-time grantees, 2024
In 2024, 10 of 14 grantees (71%) were first-time recipients. First grants averaged $35K; repeat grants $23K. How we count
Medians: $17K first-time, $25K repeat.
- 21% of 2024 grantees were also funded in 2023. Method
- Giving held roughly steady from 2021 to 2024 (+6%). Method
- In 2024 it paid out 104% of its IRS minimum distribution (the 5% rule). Method
Estimate from itemized grant lists in IRS Form 990-PF filings (2020–2024). Recipient names are matched across years, so a renamed or misspelled grantee can look new; grants to individuals are left out. Methodology.
Mission & Focus Areas
No foundation mission is stated. Its 2024 grants went to organizations with varied charitable purposes. For example, PEN American Center says it works to defend free expression, advance literature, and foster international literary fellowship. The International Rescue Committee says it responds to humanitarian crises and helps people affected by conflict and disaster survive and recover. The Painted Turtle says it provides a camp environment for children with life-threatening diseases and their families.
Grantmaking
In 2024, the foundation reported 14 grants totaling $435,333. Grants ranged from $5,000 to $173,333, with a median of $22,500. The largest listed grant was $173,333 to the University of Texas at Austin. Other notable grants included $50,000 to Survivors of the Shoah Visual History Foundation; $30,000 to The King's Foundation America; and $25,000 each to PEN America Center, Robin Hood Foundation, The Painted Turtle, and the International Rescue Committee.
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Geographic Focus
Where this funder awards grants
In 2024, 40% of grant dollars went to recipients in Texas, 35% to recipients in New York, and 25% to recipients in California.
Grant Distribution by State
Share of 2024 grant dollars across all 14 itemized grants.
States
Cities
Giving Over Time
Total grant dollars and number of grants per year
From 2020 to 2024, annual grant giving ranged from $233K (2022) to $616K (2020). In 2024 it made 14 grants totaling $435K.
Grant Insights
How this funder distributes its grants
Top Recipients
Top 10 recipients in 2024
The largest 2024 recipient was The University of Texas at Austin ($173K). Together the top 10 received $403K.
Grant Size Distribution
77 grants across all recorded years
The most common grant size was under $50K: 61 grants of 77 (79%).
Giving History
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| The University of Texas at Austin Austin, TX | Unrestricted Charitable Purpose | $173,333 |
| Survivors of the Shoah Visual History Foundation Los Angeles, CA | Unrestricted Charitable Purpose | $50,000 |
| The King's Foundation America Inc Rochester, NY | Unrestricted Charitable Purpose | $30,000 |
| Pen America Center Inc New York, NY | Unrestricted Charitable Purpose | $25,000 |
| Robin Hood Foundation New York, NY | Unrestricted Charitable Purpose | $25,000 |
| The Painted Turtle Santa Monica, CA | Unrestricted Charitable Purpose | $25,000 |
| International Rescue Committee Inc New York, NY | Unrestricted Charitable Purpose | $25,000 |
| The Paley Center for Media New York, NY | Unrestricted Charitable Purpose | $20,000 |
| Mount Sinai Health System Inc New York, NY | Unrestricted Charitable Purpose | $15,000 |
| Regents of the University of California Oakland, CA | Unrestricted Charitable Purpose | $14,500 |
Financial History
Multi-year comparison from IRS filings
| Filing year | Assets | Revenue | Expenses | Grants |
|---|---|---|---|---|
| 2024 | $6,496,934 | $236,398 | $450,582 | $435,333 |
| 2023 | $6,711,141 | $246,031 | $285,305 | $280,000 |
| 2022 | $6,750,398 | $115,881 | $245,322 | $232,500 |
| 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 |
Data update history
When this profile's IRS filing data changed on Grantable
- IRS filings on file for fiscal years 2020–2024
Leadership & Key People
Leadership team and compensation from IRS filings
The 2024 filing lists Lorne Michaels as president/treasurer and Alice Michaels as vice president/secretary.
The Michaels Family Foundation Inc is led by Lorne Michaels, President & Treasurer on every filing since 2020; none of the 2 officers listed in 2024 report compensation.
Officers on the 2024 filing
Lorne Michaels
President & Treasurer
On filings since 2020
5 hrs/week
No compensation reported
Alice Michaels
Vice President & Secretary
On filings since 2020
1 hr/week
No compensation reported
Data from IRS Form 990 filings, 2020–2024. "On filings since" is the earliest filing we hold that lists the person; hours are average hours per week as reported.
Contact
Mailing address: Co Anchin 3 Times Square, New York, NY 10036
Phone: (212) 840-3456
Frequently asked questions about The Michaels Family Foundation Inc
How much does The Michaels Family Foundation Inc give each year?
The Michaels Family Foundation Inc gave $435K across 14 grants in 2024, according to its 2024 IRS Form 990-PF. In 2023 it gave $280K across 11 grants.
What is The Michaels Family Foundation Inc's typical grant size?
The Michaels Family Foundation Inc's median grant in 2024 was $22,500, and its average grant was $31,095, across 14 grants on its 2024 IRS Form 990-PF. Organizations receiving their first grant from The Michaels Family Foundation Inc that year got $35K on average.
Where does The Michaels Family Foundation Inc give grants?
The Michaels Family Foundation Inc's top state is Texas, with 40% of the grant dollars itemized on its 2024 IRS Form 990-PF. The next largest states were New York (35%) and California (25%). The most frequent recipient cities were New York, NY (7 grants) and Los Angeles, CA (2 grants).
Does The Michaels Family Foundation Inc give general operating support?
Yes: 100% of The Michaels Family Foundation Inc's 2024 grants with a stated purpose (14 of 14) were for general or operating support, per its 2024 IRS Form 990-PF.
Who are The Michaels Family Foundation Inc's largest grantees?
The Michaels Family Foundation Inc's largest 2024 grantees include The University of Texas at Austin ($173,333), Survivors of the Shoah Visual History Foundation ($50,000) and The King's Foundation America Inc ($30,000), according to its 2024 IRS Form 990-PF. Together they received 58% of its itemized 2024 grant dollars.
How large is The Michaels Family Foundation Inc?
The Michaels Family Foundation Inc reported $6.5M in total assets on its 2024 IRS Form 990-PF. It paid out $443K in qualifying distributions that year, against a required minimum of $426K (roughly 5% of its investment assets).
What does The Michaels Family Foundation Inc fund?
No foundation mission is stated. Its 2024 grants went to organizations with varied charitable purposes. For example, PEN American Center says it works to defend free expression, advance literature, and foster international literary fellowship. See mission & focus areas ↑
How do I apply for a grant from The Michaels Family Foundation Inc?
The foundation makes contributions only to preselected charitable organizations and does not accept unsolicited requests for funds. Eligibility and process details are in the grantmaking section of this profile. See how to apply ↑
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.
Does The Michaels Family Foundation Inc accept unsolicited proposals?
No, according to Grantable's research on the foundation's published guidelines. See how to apply ↑
Data last updated September 2026. Sourced from IRS Form 990-PF filings. Research dossier generated September 2026.
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