The Mitzen Foundation Inc
The Mitzen Foundation Inc, also known as The Business for Good Foundation, is a private 501(c)(3) foundation based in Saratoga Springs, New York. Established in 2020, the foundation engages in charitable grant-making and financial support of charitable programs aligned with the philanthropic interests of the Mitzen family. The foundation operates a distinctive model that includes acquiring and operating businesses whose profits are directed entirely toward charitable causes.
Key facts about The Mitzen Foundation Inc
- EIN
- 85-3806264
- Latest 990 filing
- Form 990-PF, 2024
- Annual giving (2024)
- $447,500
- Grants made (2024)
- 7
- Average grant
- $63,929
- Median grant
- $20,000
- Total assets
- $1,457,311
- Primary geography
- New York (100% of itemized 2024 grant dollars)
Data from IRS Form 990-PF, 2024; updated September 2026.
Who The Mitzen Foundation Inc funds
By grant dollars, the top recipient states for The Mitzen Foundation Inc's 7 itemized 2024 grants were New York (100%). The most frequent recipient cities were Albany, NY (4 grants). 100% of grants with a stated purpose were for general or operating support.
How The Mitzen Foundation Inc gives
- Giving fell 88% from 2021 to 2024. Method
- In 2024 it paid out well above its IRS minimum distribution (the 5% rule). Method
From the foundation's IRS Form 990-PF filings. Methodology.
Next steps with The Mitzen Foundation Inc
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Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$1.5M
-80.2% YoY
Annual Giving
$448K
+10.0% YoY
Grant Count
7
-50.0% YoY
Avg Grant Size
$64K
+120.0% YoY
Under IRS private-foundation payout rules, The Mitzen Foundation Inc reported a distributable amount of $18K for 2024 — the minimum it must pay out in qualifying distributions.
Mission & Focus Areas
The foundation's mission is to build thriving communities by owning, accelerating, and assisting businesses in the greater Capital Region. The foundation's work is rooted in four core pillars:
- Economic mobility
- Workforce development
- Housing
- Small business support
The foundation also supports grants to help African American female lawyers start their own practices, and maintains a broader focus on education, philanthropy, voluntarism, and human services.
Grantmaking
The foundation made $447,500 in total giving in 2024. Recent grants include:
Grant Range
is approximately $5,000, with an average grant size of $20,900 across the foundation's history.
Average Grant
of $20,900 across the foundation's history.
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Geographic Focus
Where this funder awards grants
The foundation initially focused on local giving in and around Albany, New York and the greater Capital Region. The foundation has since expanded its geographic reach beyond the local area.
Grant Distribution by State
Share of all 7 itemized 2024 grant dollars.
States
Cities
Financial History
Multi-year comparison from IRS filings
As of 2024:
- Total Assets: $1,457,311
- Total Revenues: $681,306
- Total Expenses: $567,604
- Number of Employees: 0
As of 2023:
- Total Assets: $7.37 million
- Total Revenues: $697,000
- Total Expenses: $976,000
The foundation's assets are invested to generate passive income and increase value to sustain funding for their charitable purpose.
| Metric | 2024 | 2023 | 2022 |
|---|---|---|---|
| Total Assets | $1,457,311 | $7,374,685 | $6,042,252 |
| Revenue | $681,306 | $697,324 | $2,396,097 |
| Expenses | $567,604 | $976,201 | $5,068,774 |
| Qualifying Distributions | $447,500 | $406,750 | $3,464,470 |
| Net Investment Income | — | — | — |
| Distributable Amount | $17,947 | $27,790 | $210,603 |
Data update history
When this profile's IRS filing data changed on Grantable
- IRS filings on file for fiscal years 2020–2024
Giving Over Time
Total grant dollars and number of grants per year
Grant Insights
How this funder distributes its grants
Top Recipients
Top 7 recipients in 2024
Grant Size Distribution
315 grants across all recorded years
Giving History
Grant recipients and amounts by year
Among its reported 2024 grants, the largest recipients include Mohawk Hudson Humane Society (MHHS) ($250,000), Double H Ranch ($100,000), Interfaith Partnership for the Homeless ($50,000).
| Recipient | Purpose | Amount |
|---|---|---|
| MOHAWK HUDSON HUMANE SOCIETY (MHHS) Menands, NY | GENERAL NEEDS | $250,000 |
| DOUBLE H RANCH Lake Luzerne, NY | GENERAL NEEDS | $100,000 |
| INTERFAITH PARTNERSHIP FOR THE HOMELESS Albany, NY | GENERAL NEEDS | $50,000 |
| CROSSROADS CENTER FOR CHILDREN Schenectady, NY | GENERAL NEEDS | $20,000 |
| ALZHEIMERS ASSOCIATION NORTHEASTERN NY CHAPTER Albany, NY | GENERAL NEEDS | $10,000 |
| THE FATHER PETER G YOUNG FOUNDATION Albany, NY | GENERAL NEEDS | $10,000 |
| ALERT PARTNERSHIP INC Albany, NY | GENERAL NEEDS | $7,500 |
Leadership & Key People
Leadership team and compensation from IRS filings
- Edward G. Mitzen — President/Treasurer and Co-founder
- Lisa A. Mitzen — Vice President/Secretary and Co-founder
- Jahkeen Hoke — Chief Executive Officer
Compensation Overview
From 2022 IRS filing
From 2024 IRS filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| Lisa Amitzen | President/Treasurer | 1 | — |
| Edward Gmitzen | Vice President/Secretary | 1 | — |
Recent News & Activity
Recent developments and announcements
Ed Mitzen has been actively engaged in hands-on philanthropy beyond the foundation's formal grantmaking. In 2022, he made a $1 million donation directly to three known centenarian survivors of the 1921 Tulsa Race Massacre. Mitzen, who built three businesses generating over $1 billion in revenue combined, continues to demonstrate deep personal involvement in the foundation's work and remains committed to addressing historical injustices and supporting underserved communities.
Ed Mitzen\u2019s approach to hands-on giving | Inside PhilanthropyThe foundation's Business for Good model has acquired Hattie's Restaurant in Saratoga Springs, with all profits from the business directed to local charitable causes. Under this model, the foundation provides full-time employees with fully covered healthcare benefits and competitive salaries while redirecting business profits to charitable organizations.
Subject Areas
Focus areas based on grantmaking activity
Frequently Asked Questions
What does The Mitzen Foundation Inc fund?
The foundation's mission is to build thriving communities by owning, accelerating, and assisting businesses in the greater Capital Region. The foundation's work is rooted in four core pillars: • Economic mobility • Workforce development • Housing • Small business support The foundation also supports grants to help African American female lawyers start their own practices, and maintains a broader focus on education, philanthropy, voluntarism, and human services.
How do I apply for a grant from The Mitzen Foundation Inc?
**Grant Activity:** The foundation made $447,500 in total giving in 2024. Recent grants include: • Double H Ranch: $100,000 (General Needs, December 2024) • Interfaith Partnership for the Homeless: $50,000 (General Needs, December 2024) • Crossroads Center for Children: $20,000 (General Needs, December 2024) **Grant Characteristics:** Typical award amounts range from $250 to $1,000,000. The median grant size is approximately $5,000, with an average grant size of $20,900 across the foundation's …
Where does The Mitzen Foundation Inc make grants?
The foundation initially focused on local giving in and around Albany, New York and the greater Capital Region. The foundation has since expanded its geographic reach beyond the local area.
What size grants does The Mitzen Foundation Inc award?
In 2024, The Mitzen Foundation Inc awarded 7 grants totaling $448K — an average of about $64K per grant, based on its IRS Form 990 filings.
How much is The Mitzen Foundation Inc required to give away each year?
Private foundations must generally distribute about 5% of their assets annually. For 2024, The Mitzen Foundation Inc reported a distributable amount of $18K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.
What is The Mitzen Foundation Inc's EIN?
The Mitzen Foundation Inc's EIN (Employer Identification Number) is 85-3806264. IRS Form 990 filing data is available on this page for 2020–2024.
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Data last updated September 2026. Sourced from IRS Form 990-PF filings. Research dossier generated April 2026.