The Steve Mihaylo and Lois Mihaylo
The Steve Mihaylo and Lois Mihaylo Foundation is a private family foundation established in 2001 and based in Tempe, Arizona. The foundation is dedicated to the long-term learning and success of today's youth through collaborative partnerships that support innovative projects cultivating exceptional opportunities for young people to grow and achieve.
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$8.2M
-1.4% YoY
Annual Giving
$364K
+0.4% YoY
Grant Count
99
+5.3% YoY
Avg Grant Size
$4K
-4.7% YoY
Mission & Focus Areas
The foundation's mission is grounded in the belief that "Education is the Future." The foundation operates with six primary focus areas:
- Education
- Entrepreneurship
- Leadership
- Literacy
- Technology
- Workforce Readiness
The foundation has supported over 100 projects across more than 20 states and has provided support to over 200 organizations.
Grantmaking
The foundation does not accept unsolicited applications and operates on an invite-only basis.
Grant Range
$250–$27,500
Average Grant
amount varies by year
How to Apply
**
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Geographic Focus
Where this funder awards grants
The foundation's grantmaking is primarily concentrated in Arizona, California, and Washington, with support extending across more than 20 states nationally.
Grant Distribution by State
States
Cities
Financial History
Multi-year comparison from IRS filings
Most Recent Data (2023-2024):
- Total Assets: $8.2–$8.3 million
- Total Annual Giving: $334,000–$473,913
- Total Revenue: $236,806–$518,297
- Total Expenses: $605,404–$638,880
- Giving Rate: 4.1%–5.7% of assets
Tax Status:
- 501(c)(3) organization
- EIN: 88-0457469
- Tax-exempt since September 2001
- Established in Nevada in 2001
| Metric | 2024 | 2023 | 2022 |
|---|---|---|---|
| Total Assets | $8,207,067 | $8,327,650 | $8,782,595 |
| Revenue | $518,297 | $236,806 | $-328,420 |
| Expenses | $638,880 | $605,404 | $667,253 |
| Qualifying Distributions | $473,913 | $466,105 | $526,227 |
| Net Investment Income | $354,709 | $99,196 | $121,506 |
| Distributable Amount | $494,269 | $418,220 | $452,754 |
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
250 grants across all recorded years
Giving History
Grant recipients and amounts by year
No grants recorded for .
Leadership & Key People
Leadership team and compensation from IRS filings
- Steven G. Mihaylo – Co-Trustee (5 hrs/week)
- Lois Mihaylo – Co-Founder
- Sarah N. Mihaylo – Co-Trustee (5 hrs/week)
- Doug Gaylor – Co-Trustee (5 hrs/week)
- Jeffrey Korn – Co-Trustee (5 hrs/week)
- Matthew Mihaylo – Board Member (2 hrs/week)
- Elijah Mihaylo – Board Member (2 hrs/week)
- Michael Rossi – Board Member (0.25 hrs/week)
Compensation Overview
From 2024 IRS filing
From 2024 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| SARAH N MIHAYLO | CO-TRUSTEE | 5 | $31,000 |
| STEVEN G MIHAYLO | CO-TRUSTEE | 5 | $27,000 |
| MICHAEL ROSSI | BOARD MEMBER | 0.25 | $23,000 |
| DOUG GAYLOR | CO-TRUSTEE | 5 | $31,000 |
| JEFFREY KORN | CO-TRUSTEE | 5 | $27,000 |
| MATTHEW MIHAYLO | BOARD MEMBER | 2 | $23,000 |
| ELIJAH MIHAYLO | BOARD MEMBER | 2 | $23,000 |
Subject Areas
Focus areas based on grantmaking activity
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Data last updated April 2026. Sourced from IRS Form 990-PF filings. Research dossier generated April 2026.
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