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Mg2 Foundation at a glanceAlso receives grants: funding profile →

· Private foundation

Mg2 Foundation

Its FY2024 filing reports that it funds preselected organizations and did not take unsolicited requests; check the foundation's own site before ruling it out.

$270k
Granted FY2024still arriving
19
Grants FY2024still arriving
5
States reached
$175k
Largest
01What it fundsRead
02The needRead
03Its granteesRead
04Its fieldRead
01What it funds
0198% classified

What it funded, over time

Every grant placed by its stated purpose and the recipient’s mission, by year, FY2017 to 2024.

Health$1.1MEducation$128kArts & Culture$72kHousing & Shelter$31kHuman Services$10kPhilanthropy$6kCommunity Improvement$3kYouth Development$2kOther$0
02FY2024 · 19 grants

Where the money goes

Grants by size, and the largest recipients.

By grant size · FY2024

  • Under $10k14 grants · $39k
  • $10k–50k4 grants · $56k
  • $50k–250k1 grant · $175k
$5,000
Median grant
5
States reached
$1.0M
Total assets
Largest grants
RecipientAmount
FRED HUTCHINSON CANCER CENTER$175,200
LAKE WASHINGTON INSTITUTE OF TECHNOLOGY FOUNDATION$21,000
COSTCO SCHOLARSHIP FUND$15,000
FRIENDS OF COSTCO GUILD$10,000
HOWARD UNIVERSITY COLLEGE OF ENGINEERING AND ARCHITECTURE$10,000
THE HOME DEPOT FOUNDATION$7,000
UNITED WAY OF KING COUNTY$5,158
HABITAT FOR HUMANITY$5,000
Individual grant recipient$5,000
COLLEGE SUCCESS FOUNDATION$5,000
READ ALLIANCE$2,500
LUPUS FOUNDATION OF AMERICA INC$2,500
THE HOWARD UNIVERSITY$1,750
HOMESTREET FOUNDATION$1,500
ARCHITECTS WITHOUT BORDERS SEATTLE$1,500
02The need
03

Does the money reach high-need areas?

Each grant placed by the hardship in its grantee’s ZIP, against the area’s typical level.

show:

Its human-services grants (FY18–24, $24k) land where the poverty rate runs at 9%, against an area that typically sits at 11%. 0% of those dollars go to grantees based in above-average-need neighborhoods. Its grants skew toward lower-need ZIPs.

area typical 11%ARCHITECTS WITHOUT BORDERS SEATTLE: $2k → 9%ARCHITECTS WITHOUT BORDERS SEATTLE: $2k → 9%NEIGHBORHOOD HOUSE: $500 → 9%FACING HOMELESSNESS: $21k → 9%0%20%40%50%more need →
grant to an above-average-need area below average· circle size = grant amount
How this is measured
Matched: human-services grants are those whose grantee’s IRS cause code is Human Services. Placed by people below the poverty line in the grantee’s ZIP, averaged from the tracts in that ZIP.

Which US states its grants reach

WA
NY
PA
NJ
CA
DC
GA
FL
How this is measured
US grants placed by each grantee’s ZIP, which can differ from where services are delivered. Need from public data (U.S. Census/ACS, CDC PLACES, Eviction Lab, USDA), shown as context about the area, never attributed to the funder’s giving.
04

Where the work is directed

The same grants placed two ways: where each recipient sits, and where its stated purpose sends the money.

About 46% of Mg2 Foundation’s grant dollars are earmarked for a different county than the recipient’s own address.

Mg2 Foundationlessmore of its giving
Placed by recipient address
How this is measured
Recipient view: each grant at its grantee’s ZIP, mapped to a county. Directed view: each grant at the county its stated purpose names, falling back to the recipient’s county when the purpose names no place; US grants only. A county shows only if it carries the top 95% of that view’s dollars. Purposes are read from the funder’s own 990 grant descriptions.
03Its grantees
repeat funding

Who it funds again

Organizations funded in more than one year, against those funded once.

84%of every dollar goes to organizations it has funded before.
$1.2M · 15 repeat orgs$220k to everyone else

15 repeat relationships: 10 still active in FY2024, 5 since wound down; 9 grantees were first funded in FY2024 (too recent to call).

How the two cohorts compare

Re-uppedFunded once

Organizations

15
10

Total granted

$1.2M
$184k

Median revenue growth · since first grant

+12%
+12%

Still filing today

67%
80%

New vs renewed · share of each year

In FY2024, 87% of grant dollars renewed an existing relationship; $36k went to new ones.

50%100%’17’18’19’20’21’22’23’24
RenewedFirst-time

Where new relationships form · theme of each grantee’s first grant

’17’18’19’20’21’22’23’24
EducationHealthHuman ServicesArts & CultureCommunity ImprovementPhilanthropyOther
How this is measured
First-time means a grantee’s first year in the filing window; renewed means funded in an earlier year too. The renewed share climbs naturally as a portfolio matures, so the signal is a year that bucks it (a wave of new grantees). The earliest year is left-censored: relationships that predate the data read as new. Theme is the grantee’s IRS cause.

Backed again, and grew

  • FH
    Fred Hutchinson Cancer Center
    2× · 2023–2024 · $330k · revenue +9%
  • LW
    LAKE WASHINGTON COLLEGE FOUNDATION
    2× · 2023–2024 · $42k · revenue +5%
  • SC
    SEATTLE CHILDREN'S HOSPITAL (DBA FRIENDS OF COSTCO GUILD)
    2× · 2023–2024 · $25k · revenue +26%

Funded once

  • FH
    FRED HUTCHINSON CANCER RESEARCH CENTER
    one grant, 2022 · $150k · revenue 0%
  • FACING HOMELESSNESS
    one grant, 2018 · $21k · revenue -225%
  • AM
    ACE MENTOR PROGRAM OF AMERICA INC
    one grant, 2023 · $5k · revenue +0%
How this is measured

Repeat means funded in two or more distinct years. Growth and survival are read from each grantee’s own subsequent IRS filings.

04Its field

Closest unfunded matches

The nonprofits that most resemble its grantees but are not funded by it, scored along the direction from the rest of the field toward the portfolio. A resemblance in what they say they do, not a recommendation.

1
Seattle University

Seattle University is dedicated to educating the whole person, to professional formation, and to empowering leaders for a just and humane world.

—
2
The Seattle Chapter American Institute of Archite

We champion the central role of architects in creating and sustaining a better built environment.

—
3
Achievement Rewards for College Scientists Seattle Chapter

Arcs foundation advances science and technology in the united states by providing financial awards to academically outstanding u.s. citizens studying to complete degrees in science, engineering and medical research.

Education
4
Seattle University Foundation

Fundraising activities to support Seattle University

—
5
Boston Architectural College

The bac is committed to provide excellence in design education grounded in practice and accessible to diverse communities.

—
6
The Urbanist Fund

Support Public Interest Journalism in Washington State

Public Benefit
7
Seattle Colleges Foundation

The seattle colleges foundation catalyzes community support to advance the mission, work and impact of seattle colleges. we engage our community to transform lives, promote equity and increase access to quality, affordable education.

Education
8
Independent Colleges of Washington

Independent colleges of washington is the leading advocate for not-for-profit, private campuses in washington state.

Education
9
University of Hawaii Foundation

To unite donors' passions with the university of hawai'i's (uh) aspirations by raising philanthropic support and managing investments to benefit uh, the people of hawai'i and our future generations.

Education
10
Seattlecu Foundation

The foundations impact pillars include wealth creation for low-income and marginalized communities, supporting small businesses, investing in our communities, and providing services for immigrant communities.

Education
11
Foundation for International Understanding Through

FIUTS connects university students with local and global communities through cross-cultural experiences, student leadership, and community connections.

International
12
The George Washington University

The mission of the george washington university (gw) is to educate individuals in liberal arts, languages, sciences, learned professions, and other courses and subjects of study, and to conduct scholarly research and publish the findings…

Education
How this is measured
The grantee most central to the portfolio’s shape is Ace Mentor Program of America Inc; the most unlike its peers is Homestreet Foundation. Resemblance is measured on each organization’s own IRS 990 mission text; it reflects how work is described, not its quality or impact.
05the grantee network

24 grantees tracked through their own filings, 2017–2026.

Each grant beside the grantee’s revenue from every source, year by year.

How this is measured

Counted here: distinct organizations funded across 2017 to 2026, not grant rows in a single year, so this will not match the grant count on the cover. 24 of the 34 grantees resolved in that span have returns of their own we could reconcile.

Each grantee is resolved to its own IRS returns. Association, dated; never a causal claim.

0
Load-bearing (≥25% of a budget)
2
Early backer (in before they grew)
23/24
Grantees still filing
13/24
Grew since first funded

Where the money sits, by cause and then by grantee

SUSAN G KOMEN FOUNDATION - PUGET SOUND: $625,084 · OtherSUSAN G KOMEN FOUNDATION - PUGET SOUNDFRED HUTCHINSON CANCER RESEARCH CENTER: $150,000 · OtherFRED HUTCHINSON CANCER RESEARCH CENTERLAKE WASHINGTON COLLEGE FOUNDATION: $42,000 · Other+14 more: $104,500 · Other+14 moreFred Hutchinson Cancer Center: $330,200 · HealthFred Hutchinson Cancer Cent…+2 more: $6,250 · HealthBELLEVUE ART MUSEUM: $50,000 · Arts & CultureSEATTLE ARCHITECTURAL FOUNDATION: $13,500 · Arts & CultureCollege Success Foundation: $25,000 · EducationACE MENTOR PROGRAM OF AMERICA INC: $5,000 · EducationREAD ALLIANCE INC: $4,500 · EducationTHE HOWARD UNIVERSITY: $2,550 · EducationUNIVERSITY OF WASHINGTON FOUNDATION: $2,500 · EducationFACING HOMELESSNESS: $20,792 · Human ServicesARCHITECTS WITHOUT BORDERS SEATTLE: $3,000 · Human Services+1 more: $500 · Human ServicesUNITED WAY OF KING COUNTY: $5,158 · PhilanthropyNATIONAL CACA COMMUNITY INVOLVEMENT FUND: $500 · PhilanthropyPacific NW Center for Architecture and Design: $2,500 · Community ImprovementRefugee Artisan Initative: $500 · Community Improvement
Other$921,584Health$336,450Arts & Culture$63,500Education$39,550Human Services$24,292Philanthropy$5,658Community Improvement$3,000

Each grantee by its size and the funder’s share of it; top left is load-bearing

25%50%75%100%$100k$1.0M$10M$100Mgrantee revenue →↑ funder's share of their budgetFred Hutchinson Cancer Center: $330,200 over 2y, 0.0% of budgetFRED HUTCHINSON CANCER RESEARCH CENTER: $150,000 over 1y, 0.0% of budgetBELLEVUE ART MUSEUM: $50,000 over 4y, 0.9% of budgetLAKE WASHINGTON COLLEGE FOUNDATION: $42,000 over 2y, 1.3% of budgetSEATTLE CHILDREN'S HOSPITAL (DBA FRIENDS OF COSTCO GUILD): $25,000 over 2y, 0.1% of budgetCollege Success Foundation: $25,000 over 2y, 0.1% of budgetFACING HOMELESSNESS: $20,792 over 1y, 1.9% of budgetSEATTLE ARCHITECTURAL FOUNDATION: $13,500 over 5y, 2.7% of budgetUNITED WAY OF KING COUNTY: $5,158 over 1y, 0.0% of budgetACE MENTOR PROGRAM OF AMERICA INC: $5,000 over 1y, 0.1% of budgetLUPUS FOUNDATION OF AMERICA INC: $5,000 over 2y, 0.0% of budgetREAD ALLIANCE INC: $4,500 over 2y, 0.1% of budgetARCHITECTS WITHOUT BORDERS SEATTLE: $3,000 over 2y, 4.1% of budgetTHE HOWARD UNIVERSITY: $2,550 over 2y, 0.0% of budgetPacific NW Center for Architecture and Design: $2,500 over 1y, 2.1% of budgetHomestreet Foundation: $1,500 over 1y, 0.6% of budgetNORTHWEST KIDNEY CENTERS: $1,250 over 1y, 0.0% of budgetWING LUKE MEMORIAL FOUNDATION: $500 over 1y, 0.0% of budgetNeighborhood House INC: $500 over 1y, 0.0% of budgetICHS FOUNDATION: $500 over 1y, 4.9% of budgetNATIONAL CACA COMMUNITY INVOLVEMENT FUND: $500 over 1y, 0.2% of budgetJAPANESE AMERICAN CITIZENS LEAGUE - PUYALLUP VALLEY: $500 over 1y, 0.1% of budgetRefugee Artisan Initative: $500 over 1y, 0.1% of budget
Grantee by grantee: a decade per organization, before and after funding

A decade per grantee: revenue shaded, grants as bars, all rows on one timeline.

Co-funders

Grantmakers whose grantees overlap with this funder’s far more than size alone predicts. Closer means stronger alignment; arcs show where they also fund each other. Here they form a tightly interlocked group: most of these funders back each other's grantees too.

Seattle FoundationPuget Sound Energy Fo…ArtsfundMightycause Charitabl…American Online Givin…The Blackbaud Giving …Vanguard Charitable E…Morgan Stanley Global…Network for GoodNational Philanthropi…The Bank of America C…Donor Advised Charita…
Seattle FoundationWA19.6× affinity8 shared granteesties to 11 of 11Hover any node to trace its alignments.Compare side by side →

Open a dossier: Seattle Foundation · Puget Sound Energy Foundation · Artsfund · Mightycause Charitable Foundation · American Online Giving Foundation Inc · The Blackbaud Giving Fund · Vanguard Charitable Endowment Program · Morgan Stanley Global Impact Funding Trust Inc · Network for Good · National Philanthropic Trust · The Bank of America Charitable Foundation Inc · Donor Advised Charitable Giving Inc

How this is measured
Affinity is a Gamma-Poisson posterior co-funding rate, re-centered on the typical rate, so thin evidence shrinks toward no signal. Overlap is association, not proof of shared intent.

How much its grantees rely on government

Each dot is one organization Mg2 Foundation funds: left to right is the share of its income from government, bottom to top the share from Mg2 Foundation. Bigger dots raise more.

2024
’20’21’22’23’24’25
no gov · 10%0%1%3%5%funder's share of their income ↑0%25%50%75%100%share of the org’s income from government →
    no gov moneyreceives it· size = income
    1get no government money at all
    3report government grants on their 990 we could not trace to a source (not plotted)
    0rely on government for over half their income
    typical government reliance, FY20–25
    How this is measured
    Government income is each org’s traced federal awards (USASpending grants and contracts) plus state payments (open checkbooks) as a share of its total revenue (IRS Form 990); the self-reported government-grant line (990 line 1e) is carried for cross-check: a grantee that reports government grants we could not trace to a source is left off the chart rather than shown as receiving none. An association, not a claim that a grant caused the public funding. Coverage is precision-first, a floor rather than a census; state records exist for 9 states, so a grantee outside them shows no state figure (dimmed) rather than a false zero. Federal award amounts are obligations, which can span years, so a single-year share is indicative. 990 filings lag 12 to 24 months.

    On method. Every financial figure here is read from IRS e-file XML, the funder’s own 990/990-PF, and from the multi-year returns of the 34 grantees we resolved, each linked to its source. Grantee outcomes are each organization’s own program-service reporting (Form 990, Part III), read as association with funding, never as caused by it. Low-confidence name matches are suppressed rather than guessed. How we build these →

    How this is measured
    Each figure carries one of six labels. Filed is what the funder reported on its return. Official is another government record about an organization, such as a federal award or a charity register, joined by name where no shared identifier exists. Resolved is an identity we worked out where the filing named a recipient without an EIN, kept only above a measured confidence threshold. Computed is arithmetic over those, like themes, portfolio clusters and co-funder strength. Context is a statistic about a place rather than about an organization, which is what the need overlay is: it describes the area a grantee’s address sits in, not where its work lands. Inferred is drawn by a model from text, like the partnerships read out of public news and organization websites. Each is labeled where it appears.

    Generated from the IRS Form 990-PF e-file return for fiscal year 2024, released 2024. Filings run roughly 12 to 24 months behind; figures are dated accordingly.

    Source object · view filing

    Play a game based on Mg2’s filings →

    More from the funding graph

    The unnamed billions
    grants reported with no recipient in the public record
    The regranting layer
    51% of grant dollars land in the regranting layer
    The DAF merry-go-round
    $9.7B circulates between donor-advised funds
    The endowment market
    who holds foundation money, and what just moved
    The camps
    funders cluster by geography, not ideology
    By state
    where grant money is based, and what stays home