The MVMA Foundation
The MVMA Foundation is a private foundation, based in Schenectady, NY. IRS filing data is available from 2021 through 2026. As of 2026, the organization holds $303K in total assets. In 2026, it awarded 3 grants totaling $10K. Net investment income was $11K.
The MVMA Foundation at a glance
In short: The MVMA Foundation gave $10K across 3 grants in 2026 (avg $3K), mostly in New York. Source: 2026 IRS Form 990-PF.
- Annual giving (2026)
- $10,000
- -44.4% vs 2025
- Grants made (2026)
- 3
- -50.0% vs 2025
- Average grant
- $3,333
- +11.1% vs 2025
- Median grant
- $3,500
- Total assets
- $303,314
- -0.7% vs 2025
- Primary geography
- New York (100% of itemized 2026 grant dollars)
- Latest 990 filing
- Form 990-PF, 2026 View filing
Data from IRS Form 990-PF, 2026; updated September 2026.
Who The MVMA Foundation funds
How this funder distributes its grants
Top Recipients
Top recipient in 2026
The largest 2026 recipient was Maria College ($4K).
Organizations only. It also paid 2 individual scholarships ($6,500), which are not listed by name.
Grant Size Distribution
23 grants across all recorded years
The most common grant size was under $50K: 23 grants of 23 (100%).
Geographic Focus
Where this funder awards grants
Grant Distribution by State
Share of 2026 grant dollars across all 3 itemized grants.
States
Cities
How The MVMA Foundation gives
- Giving held roughly steady from 2023 to 2026 (+0%). Method
- In 2026 it paid out 75% of its IRS minimum distribution (the 5% rule). Foundations have until the end of the next year to meet it. Method
From the foundation's IRS Form 990-PF filings. Methodology.
Giving History
Giving Over Time
Total grant dollars and number of grants per year
From 2021 to 2026, annual grant giving ranged from $10K (2023) to $23K (2022). In 2026 it made 3 grants totaling $10K.
Grants by year
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| 2 individual scholarships Recipients not named | — | $6,500 |
| Maria College Albany, NY | Nursing Scholarship | $3,500 |
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Financial History
Multi-year comparison from IRS filings
| Filing year | Total Assets | Revenue | Expenses | Grants paid | Grants | Qualifying Distributions | Net Investment Income | Distributable Amount |
|---|---|---|---|---|---|---|---|---|
| 2026 | $303,314 | $13,771 | $15,878 | $10,000 | 3 | $13,116 | $11,009 | $17,404 |
| 2025 | $305,421 | $40,894 | $23,263 | $18,000 | 6 | $20,855 | $8,486 | $15,979 |
| 2024 | $287,790 | $29,188 | $17,821 | $13,500 | 5 | $15,779 | $7,146 | $14,356 |
| 2023 | $276,499 | $26,097 | $14,520 | $10,000 | 4 | $12,609 | $5,470 | $13,194 |
| 2022 | $264,997 | $36,200 | $27,773 | $23,000 | 5 | $25,597 | $5,375 | $14,303 |
| 2021 | $256,669 | $24,117 | $20,990 | $16,000 | 5 | — | $7,096 | $13,837 |
Under IRS private-foundation payout rules, The MVMA Foundation reported a distributable amount of $17K for 2026 — the minimum it must pay out in qualifying distributions.
Leadership & Key People
Officers and directors from IRS filings
The MVMA Foundation is led by Richard B. Toll MD, Chairman on every filing since 2021; none of the 5 officers listed in 2026 report compensation.
Officers on the 2026 filing
Richard B. Toll MD
Chairman
On filings since 2021
0.5 hrs/week
No compensation reported
Audra Hanley MD
Director
On filings since 2021
0.5 hrs/week
No compensation reported
Murray Jaros Esq.
Director
On filings since 2021
0.5 hrs/week
No compensation reported
Arthur Ostrov MD
Secretary
On filings since 2021
0.5 hrs/week
No compensation reported
David Oliker
Vice Chair
On filings since 2021
0.5 hrs/week
No compensation reported
Data from IRS Form 990 filings, 2021–2026. "On filings since" is the earliest filing we hold that lists the person; hours are average hours per week as reported.
Frequently asked questions about The MVMA Foundation
How much does The MVMA Foundation give each year?
The MVMA Foundation gave $10K across 3 grants in 2026, according to its 2026 IRS Form 990-PF. In 2025 it gave $18K across 6 grants.
What is The MVMA Foundation's typical grant size?
The MVMA Foundation's median grant in 2026 was $3,500, and its average grant was $3,333, across 3 grants on its 2026 IRS Form 990-PF.
Where does The MVMA Foundation give grants?
The MVMA Foundation gives mostly in New York: 100% of the grant dollars itemized on its 2026 IRS Form 990-PF went to recipients there.
Does The MVMA Foundation give general operating support?
Not in 2026: none of the 3 grants with a stated purpose on The MVMA Foundation's 2026 IRS Form 990-PF were described as general or operating support. Recurring purposes include "Nursing Scholarship" (3 grants).
How large is The MVMA Foundation?
The MVMA Foundation reported $303K in total assets on its 2026 IRS Form 990-PF. It paid out $13K in qualifying distributions that year, against a required minimum of $17K (roughly 5% of its investment assets). Falling short in one year is not a violation: foundations have until the end of the next year to meet the minimum.
What is The MVMA Foundation's EIN?
The MVMA Foundation's EIN (Employer Identification Number) is 55-0853578. IRS Form 990 filing data is available on this page for 2021–2026.
Data last updated September 2026. Sourced from IRS Form 990-PF filings.
Data update history
(2)
When this profile's IRS filing data changed on Grantable
- Added Form 990-PF for fiscal year 2026 (received by the IRS August 26, 2026)
- IRS filings on file for fiscal years 2021–2025
Live grants for the work The MVMA Foundation funds
Philanthropy, Voluntarism & Grantmaking Open opportunities, soonest deadline first.
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Browse active grant opportunities in The MVMA Foundation's focus areas in our free grants database
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