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Filing year 2023

THE MG FAMILY FOUNDATION INC

Brooklyn, New York·EIN 87-4079392·NTEE T20 · Philanthropy, Voluntarism & Grantmaking Foundations·501(c)(3)

* Sector derived from filing type (Form 990-PF), not IRS-assigned

Total revenue
$10k
Total assets
$0
Total expenses
$56k
Reported officers
3

Reported officers (all unpaid)

No paid executives reported in 2023. THE MG FAMILY FOUNDATION INC reported 3 unpaid officers and board members on its 990-PF.

President
Treasurer
Vice President

Grants paid

Itemized grants reported on this foundation's 2023 Form 990-PF, Part XV.

Total granted

$48k

Itemized grants

9

Median grant

$1k

RecipientLocationPurposeAmount
FRIENDS OF DARCHEI HILLEL INCBROOKLYN, NYTO FURTHER ITS 501 (C) STATUS$37k
EZRAT ISRAELBROOKLYN, NYTO FURTHER ITS 501(C)(3) STATUS$6k
HATZALAH EMS OF THE JERSEY SHOREELBERON, NJTO FURTHER ITS 501(C)(3) STATUS$3k
CONGREGATION KOLLEL HECHAL HATORAHPASSAIC, NJTO FURTHER ITS 501(C)(3) STATUS$2k
NETIVEI OHR YAAKOV INCLAKEWOOD, NJTO FURTHER ITS 501(C)(3) STATUS$1k
OHR MENACHEMBROOKLYN, NYTO FURTHER ITS 501(C)(3) STATUS$1k
SEPHARDIC BIKUR HOLIMBROOKLYN, NYTO FURTHER ITS 501(C)(3) STATUS$1k
OR DAVIDCEDARHURST, NYTO FURTHER ITS 501(C)(3) STATUS$1k
MISHKAN TORAHBROOKLYN, NYTO FURTHER ITS 501(C)(3) STATUS-$4k

This is a private foundation. Peers are foundations of similar asset size (No assets reported), because foundation pay scales with assets under management, not revenue.

Sector benchmark

What Philanthropy, Voluntarism & Grantmaking executives earn in New York

THE MG FAMILY FOUNDATION INC reported no executive compensation in its latest filing. For context, the highest-paid executive at a comparable philanthropy, voluntarism & grantmaking organization in New York earns a median of $20,079.

25th percentile
$6k
Median
$20,079
75th percentile
$88k
90th percentile
$228k

These are philanthropy, voluntarism & grantmaking sector-wide figures, not this organization's reported pay. Based on 2,519 organizations across 2,519 filings (2020 – 2024).

See full Philanthropy, Voluntarism & Grantmaking pay data for New York →
FAQ

Common questions about THE MG FAMILY FOUNDATION INC

What are THE MG FAMILY FOUNDATION INC's revenue and expenses?

In 2023, THE MG FAMILY FOUNDATION INC reported $10k in total revenue and $56k in total expenses on its IRS Form 990.

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This is a private foundation. Peers are foundations of similar asset size (No assets reported), because foundation pay scales with assets under management, not revenue.