Michael E Porter Family Foundation
Michael E Porter Family Foundation is a private foundation, based in Albany, NY. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $15.7M in total assets. In 2024, it awarded 3 grants totaling $351K. Net investment income was $3.2M.
Michael E Porter Family Foundation at a glance
In short: Michael E Porter Family Foundation gave $351K across 3 grants in 2024 (avg $117K), mostly in Massachusetts. Source: 2024 IRS Form 990-PF.
- Annual giving (2024)
- $350,760
- -0.7% vs 2023
- Grants made (2024)
- 3
- +0.0% vs 2023
- Average grant
- $116,920
- -0.7% vs 2023
- Median grant
- $100,132
- Total assets
- $15,729,562
- +28.3% vs 2023
- Primary geography
- Massachusetts (100% of itemized 2024 grant dollars)
- Latest 990 filing
- Form 990-PF, 2024 View filing
Data from IRS Form 990-PF, 2024; updated September 2026.
Who Michael E Porter Family Foundation funds
How this funder distributes its grants
Top Recipients
Top 3 recipients in 2024
The largest 2024 recipient was Initiative for a Competitive Inner City Inc ($151K). Together the top 3 received $351K.
Grant Size Distribution
17 grants across all recorded years
The most common grant size was under $50K: 7 grants of 17 (41%).
Geographic Focus
Where this funder awards grants
Grant Distribution by State
Share of 2024 grant dollars across all 3 itemized grants.
Cities
How Michael E Porter Family Foundation gives
- Giving grew 602% from 2021 to 2024. Method
- In 2024 it paid out 43% 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 2020 to 2024, annual grant giving ranged from $50K (2021) to $353K (2023). In 2024 it made 3 grants totaling $351K.
Grants by year
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| Initiative for a Competitive Inner City Inc Roxbury, MA | General Charitable Needs | $150,628 |
| Boston Book Festival Boston, MA | General Charitable Needs | $100,132 |
| International Consortium for Health Outcomes Measu Boston, MA | General Charitable Needs | $100,000 |
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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 |
|---|---|---|---|---|---|---|---|---|
| 2024 | $15,729,562 | $4,165,325 | $696,560 | $350,760 | 3 | $350,760 | $3,243,133 | $807,863 |
| 2023 | $12,260,797 | $5,865,822 | $393,746 | $353,105 | 3 | $353,105 | $8,977,190 | $409,834 |
| 2022 | $6,788,721 | $3,115,618 | $175,081 | $172,603 | 4 | $172,603 | $159,898 | $298,705 |
| 2021 | $3,848,184 | $51,669 | $52,565 | $50,000 | 2 | $50,000 | $49,557 | $301,936 |
| 2020 | $3,849,080 | $-193,186 | $150,657 | $147,000 | 5 | — | $70,952 | $217,074 |
Under IRS private-foundation payout rules, Michael E Porter Family Foundation reported a distributable amount of $808K for 2024 — the minimum it must pay out in qualifying distributions.
Leadership & Key People
Officers and directors from IRS filings
Michael E Porter Family Foundation's 2024 filing lists 2 officers; none of the 2 officers listed in 2024 report compensation.
Officers on the 2024 filing
Ilana Z Porter
Trustee
On filings since 2021
1 hr/week
No compensation reported
Sonia T Smyth
Trustee
On filings since 2021
1 hr/week
No compensation reported
Former officers (1)
- Former: Michael E Porter (2020–2021) — Trustee
Data from IRS Form 990 filings, 2020–2024. "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 Michael E Porter Family Foundation
How much does Michael E Porter Family Foundation give each year?
Michael E Porter Family Foundation gave $351K across 3 grants in 2024, according to its 2024 IRS Form 990-PF. In 2023 it gave $353K across 3 grants.
What is Michael E Porter Family Foundation's typical grant size?
Michael E Porter Family Foundation's median grant in 2024 was $100,132, and its average grant was $116,920, across 3 grants on its 2024 IRS Form 990-PF.
Where does Michael E Porter Family Foundation give grants?
Michael E Porter Family Foundation gives mostly in Massachusetts: 100% of the grant dollars itemized on its 2024 IRS Form 990-PF went to recipients there. The most frequent recipient cities were Boston, MA (2 grants).
Does Michael E Porter Family Foundation give general operating support?
Yes: 100% of Michael E Porter Family Foundation's 2024 grants with a stated purpose (3 of 3) were for general or operating support, per its 2024 IRS Form 990-PF.
How large is Michael E Porter Family Foundation?
Michael E Porter Family Foundation reported $15.7M in total assets on its 2024 IRS Form 990-PF. It paid out $351K in qualifying distributions that year, against a required minimum of $808K (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 Michael E Porter Family Foundation's EIN?
Michael E Porter Family Foundation's EIN (Employer Identification Number) is 47-6693100. IRS Form 990 filing data is available on this page for 2020–2024.
Data last updated September 2026. Sourced from IRS Form 990-PF filings.
Data update history
(1)
When this profile's IRS filing data changed on Grantable
- IRS filings on file for fiscal years 2020–2024
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Cite this profile
Grantable. (2026). Michael E Porter Family Foundation funder profile. GrantGraph. Retrieved October 8, 2026, from https://grantable.co/funders/michael-e-porter-family-foundation-morg_ac0101a8c5e94bbea36d4337cb9cf176
BibTeX
@misc{grantable_476693100_2026,
author = {{Grantable}},
title = {{Michael E Porter Family Foundation funder profile}},
howpublished = {GrantGraph},
year = {2026},
url = {https://grantable.co/funders/michael-e-porter-family-foundation-morg_ac0101a8c5e94bbea36d4337cb9cf176},
note = {Accessed 2026-10-08. Data licensed CC BY 4.0}
}The figures on this page are open data under CC BY 4.0: reuse them with credit to Grantable and a link. Download the data.
Figures come from Michael E Porter Family Foundation's IRS filings (methodology). AI-written summaries, news items and logos are not covered by the open licence. Spot an error? Email hello@grantable.co.
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