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
Under IRS private-foundation payout rules, The Steve Mihaylo and Lois Mihaylo reported a distributable amount of $494K for 2024 — the minimum it must pay out in qualifying distributions.
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
Among its reported 2024 grants, the largest include Junior Achievement of Arizona Inc ($25,000), Brophy College Preparatory ($10,000), Honorhealth Foundation ($10,000).
| Recipient | Purpose | Amount |
|---|---|---|
| ALL SAINTS' EPISCOPAL DAY SCHOOL PHOENIX, AZ | COMBINE ACADEMIC EXCELLENCE WITH SPIRITUAL AND MORAL FORMATION TO EDUCATE CHILDREN | $1,000 |
| ANGEL EYES LITTLETON, CO | PROVIDING GRIEF SUPPORT TO FAMILIES IMPACTED BY PREGNANCY LOSS OR UNEXPECTED DEATH OF AN INFANT OR TODDLER. PROMOTING CHILD LOSS AWARENESS AND SAFE SLEEP EDUCATION. | $500 |
| ARIZONA CHRISTIAN UNIVERSITY PHOENIX, AZ | PROVIDE BIBLICALLY-INTEGRATED LIBERAL ARTS EDUCATION | $5,000 |
| ASPIRING YOUTH ACADEMY SCOTTSDALE, AZ | PROVIDE ENTREPRENEURSHIP AND LEADERSHIP TRAINING TO ARIZONA YOUTH. | $1,000 |
| AUSTIN SYMPHONY ORCHESTRA SOCIETY INC AUSTIN, TX | PROMOTE, ENCOURAGE, AND ADVANCE MUSICAL EDUCATION AND ENJOYMENT OF ORCHESTRA MUSIC TO THE CITIZENS OF CENTRAL TEXAS. | $2,500 |
| BEACON MENTAL HEALTH (TRI-COUNTY MENTAL HEALTH SERVICES INC) KANSAS CITY, MO | PROVIDE PREVENTION AND RECOVERY-ORIENTED MENTAL HEALTH AND SUBSTANCE USE SERVICES WHICH ARE QUALITY ASSURED AND PERSON-CENTERED, WITH INCREASED ATTENTION TO THE WHOLE PERSON. | $2,500 |
| BELLA NATURAL WOMENS CARE ENGLEWOOD, CO | OPERATING A COMPREHENSIVE HEALTH CARE CENTER THAT BUILDS A CULTURE OF LIFE, PROVIDING CUTTING-EDGE MEDICAL CARE, AND BRINGS THE LOVE OF GOD TO THE PEOPLE THEY CARE FOR. | $250 |
| BESANT HILL SCHOOL OF HAPPY VALLEY (HAPPY VALLEY FOUNDATION) OJAI, CA | COLLEGE PREP SCHOOL WITH AN EMPHASIS ON THE PERFORMING AND VISUAL ARTS | $2,500 |
| BOYER CHILDRENS CLINIC SEATTLE, WA | SUPPORT EACH CHILD'S UNIQUE ABILITIES, AND HELP EVERY FAMILY BECOME THEIR CHILD'S BEST ADVOCATE | $5,000 |
| BOYS & GIRLS CLUB OF HUTCHINSON INC HUTCHINSON, KS | ENABLE ALL YOUNG PEOPLE, ESPECIALLY THOSE WHO NEED US MOST, TO REACH THEIR FULL POTENTIAL AS PRODUCTIVE, CARING, RESPONSIBLE CITIZENS | $500 |
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
Frequently Asked Questions
What does The Steve Mihaylo and Lois Mihaylo fund?
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.
How do I apply for a grant from The Steve Mihaylo and Lois Mihaylo?
**Grant Activity:** • Made 69-80 grants in recent years • Typical grant range: $250–$27,500 • Median grant amount: $2,500–$3,000 • Average grant amount varies by year **Recent Grant Examples:** • Tempe Community Action Agency Incorporated: $23,000 (2023) • HonorHealth Foundation: $13,000 (2023) • Junior Achievement of Arizona Inc: Supported through foundation grants • Cal State University, Fullerton: $30 million pledge for higher education **Application Process:** The foundation does not accept…
Where does The Steve Mihaylo and Lois Mihaylo make grants?
The foundation's grantmaking is primarily concentrated in Arizona, California, and Washington, with support extending across more than 20 states nationally.
What size grants does The Steve Mihaylo and Lois Mihaylo award?
In 2024, The Steve Mihaylo and Lois Mihaylo awarded 99 grants totaling $364K — an average of about $4K per grant, based on its IRS Form 990 filings.
How much is The Steve Mihaylo and Lois Mihaylo required to give away each year?
Private foundations must generally distribute about 5% of their assets annually. For 2024, The Steve Mihaylo and Lois Mihaylo reported a distributable amount of $494K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.
What is The Steve Mihaylo and Lois Mihaylo's EIN?
The Steve Mihaylo and Lois Mihaylo's EIN (Employer Identification Number) is 88-0457469. IRS Form 990 filing data is available on this page for 2020–2024.
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Data last updated June 2026. Sourced from IRS Form 990-PF filings. Research dossier generated April 2026.
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