The Michelson Foundation Charitable
The Michelson Foundation Charitable is a private foundation, based in AKRON, OH. IRS filing data is available from 2019 through 2024. As of 2024, the organization holds $454K in total assets. In 2024, it awarded 16 grants totaling $24K. Net investment income was $26K.
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$454K
+9.3% YoY
Annual Giving
$24K
-0.8% YoY
Grant Count
16
-11.1% YoY
Avg Grant Size
$2K
+11.6% YoY
Under IRS private-foundation payout rules, The Michelson Foundation Charitable reported a distributable amount of $21K for 2024 — the minimum it must pay out in qualifying distributions.
About The Michelson Foundation Charitable
Based on IRS filings
The Michelson Foundation Charitable is a private foundation, based in AKRON, OH. IRS filing data is available from 2019 through 2024. As of 2024, the organization holds $454K in total assets. In 2024, it awarded 16 grants totaling $24K. Net investment income was $26K.
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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 | $453,724 | $415,186 | $369,380 |
| Revenue | $32,259 | $17,143 | $19,743 |
| Expenses | $31,283 | $30,959 | $32,774 |
| Qualifying Distributions | $26,856 | $26,900 | $28,075 |
| Net Investment Income | $26,255 | $11,716 | $14,990 |
| Distributable Amount | $21,132 | $18,724 | $19,781 |
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 United Way of Summit County Ohio ($10,000), Cuyahoga Valley Christian Academy ($5,000), Akron Art Museum ($1,000).
| Recipient | Purpose | Amount |
|---|---|---|
| AKRON ART MUSEUM AKRON, OH | CHARITABLE | $1,000 |
| AKRON COMMUNITY FOUNDATION AKRON, OH | CHARITABLE | $1,000 |
| AKRON ZOOLOGICAL PARK AKRON, OH | CHARITABLE | $500 |
| BLUECOATS INCORPORATED CLINTON, OH | CHARITABLE | $500 |
| BOY SCOUTS OF AMERICA IRVING, TX | CHARITABLE | $500 |
| CHILDRENS CONCERT SOCIETY AKRON, OH | CHARITABLE | $500 |
| CUYAHOGA VALLEY CHRISTIAN ACADEMY CUYAHOGA FALLS, OH | EDUCATIONAL | $5,000 |
| DUCKS UNLIMITED MEMPHIS, TN | CHARITABLE | $1,000 |
| GIRL SCOUTS OF NORTHEAST OHIO MACEDONIA, OH | CHARITABLE | $500 |
| INTERNATIONAL INSTITUTE OF AKRON INC AKRON, OH | CHARITABLE | $500 |
Leadership & Key People
Officers and directors from IRS filings
Compensation Overview
From 2024 IRS filing
From 2024 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| RICHARD A MICHELSON JR | TRUSTEE | 1 | — |
Frequently Asked Questions
How large is The Michelson Foundation Charitable?
As of 2024, The Michelson Foundation Charitable holds $454K in total assets with $32K in annual revenue. It awarded 16 grants totaling $24K in 2024.
Where does The Michelson Foundation Charitable operate?
The Michelson Foundation Charitable has awarded grants in Florida, Ohio, Tennessee, Texas.
What size grants does The Michelson Foundation Charitable award?
In 2024, The Michelson Foundation Charitable awarded 16 grants totaling $24K — an average of about $2K per grant, based on its IRS Form 990 filings.
How much is The Michelson Foundation Charitable required to give away each year?
Private foundations must generally distribute about 5% of their assets annually. For 2024, The Michelson Foundation Charitable reported a distributable amount of $21K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.
What is The Michelson Foundation Charitable's EIN?
The Michelson Foundation Charitable's EIN (Employer Identification Number) is 34-6616858. IRS Form 990 filing data is available on this page for 2019–2024.
Explore Open Grants
Browse active grant opportunities in The Michelson Foundation Charitable'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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