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Filing year 2024

MG2 FOUNDATION

Seattle, Washington·EIN 46-2377082·NTEE T20 · Philanthropy, Voluntarism & Grantmaking Foundations·501(c)(3)
Total revenue
$365k
Total assets
$1M
Total expenses
$380k
Reported officers
4

Reported officers (all unpaid)

No paid executives reported in 2024. MG2 FOUNDATION reported 4 unpaid officers and board members on its 990-PF.

Executive Director
Chair
Director
Director

Grants paid

Itemized grants reported on this foundation's 2024 Form 990-PF, Part XV.

Total granted

$270k

Itemized grants

19

Median grant

$5k

RecipientLocationPurposeAmount
FRED HUTCHINSON CANCER CENTERSEATTLE, WAGENERAL PURPOSE$175k
LAKE WASHINGTON INSTITUTE OF TECHNOLOGY FOUNDATIONKIRKLAND, WAGIFT FOR THE LW SCHOLARSHIP$21k
COSTCO SCHOLARSHIP FUNDBELLEVUE, WASCHOLARSHIP$15k
FRIENDS OF COSTCO GUILDSEATTLE, WAGENERAL PURPOSE$10k
HOWARD UNIVERSITY COLLEGE OF ENGINEERING AND ARCHITECTUREWASHINGTON, DCGIFT FOR SCHOLARSHIP$10k
THE HOME DEPOT FOUNDATIONATLANTA, GASTORE SUPPORT$7k
UNITED WAY OF KING COUNTYSEATTLE, WAEE DONATION MATCH$5k
COLLEGE SUCCESS FOUNDATIONBELLEVUE, WA2024 BREAKFAST FUNDRAISER SPONSORSHIP$5k
HABITAT FOR HUMANITYRENTON, WAGENERAL PURPOSE$5k
SEATTLE DESIGN FESTIVALSEATTLE, WAGOLD LEVEL SPONSORSHIP$5k
LUPUS FOUNDATION OF AMERICA INCWASHINGTON, DCFOR THE BENEFIT OF THE WALK TO END LUPUS$3k
READ ALLIANCENEW YORK, NYGENERAL PURPOSE$3k
THE HOWARD UNIVERSITYWASHINGTON, DCFOR THE BENEFIT OF DESIGN AWARD WINNERS$2k
ARCHITECTS WITHOUT BORDERS SEATTLESEATTLE, WAGENERAL PURPOSE$2k
HOMESTREET FOUNDATIONSEATTLE, WAGENERAL PURPOSE$2k
PUYALLUP VALLEY JAPANESE AMERICAN CITIZENS LEAGUEKENT, WASPONSORING MEMORIAL NAMES FOR INTERNMENT$500
AMERICAN LEGION CATHAY POST #186SEATTLE, WA2024 AAPI HOMETOWN HERO CELBRATION$500
NEIGHBORHOOD HOUSESEATTLE, WAJERRY LEE'S REQUEST$500
NATIONAL CACA COMMUNITY INVOLVEMENT FUNDSAN FRANCISCO, CACACA SEATTLE LODGE$500
Compare this foundation's grantees

Funded by

Private foundations whose Form 990-PF Part XV grants matched this organization.

Financial trend

Revenue and expenses over time

MG2 FOUNDATION reported revenue and expenses across 2 filing years.

RevenueExpenses
$296k
$392k
2023
$365k
$380k
2024
Total revenue and total expenses from IRS Form 990 filings.

This is a private foundation. Peers are foundations of similar asset size ($1M - $10M), because foundation pay scales with assets under management, not revenue.

Sector benchmark

What Philanthropy, Voluntarism & Grantmaking executives earn in Washington

MG2 FOUNDATION reported no executive compensation in its latest filing. For context, the highest-paid executive at a comparable philanthropy, voluntarism & grantmaking organization in Washington earns a median of $35,888.

25th percentile
$10k
Median
$35,888
75th percentile
$120k
90th percentile
$220k

These are philanthropy, voluntarism & grantmaking sector-wide figures, not this organization's reported pay. Based on 420 organizations across 420 filings (2022 – 2024).

See full Philanthropy, Voluntarism & Grantmaking pay data for Washington
FAQ

Common questions about MG2 FOUNDATION

What are MG2 FOUNDATION's revenue and expenses?

In 2024, MG2 FOUNDATION reported $365k in total revenue and $380k in total expenses on its IRS Form 990.

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This is a private foundation. Peers are foundations of similar asset size ($1M - $10M), because foundation pay scales with assets under management, not revenue.