Diamond M Foundation Inc
Diamond M Foundation Inc is a private foundation, based in SAN ANGELO, TX. IRS filing data is available from 2020 through 2022. As of 2022, the organization holds $6.5M in total assets. In 2022, it awarded 3 grants totaling $460K. Net investment income was $576K.
Financial Overview
From 2022 IRS Form 990-PF · View filing
Total Assets
$6.5M
+1.8% YoY
Annual Giving
$460K
+17.9% YoY
Grant Count
3
-40.0% YoY
Avg Grant Size
$153K
+96.6% YoY
Under IRS private-foundation payout rules, Diamond M Foundation Inc reported a distributable amount of $440K for 2022 — the minimum it must pay out in qualifying distributions.
About Diamond M Foundation Inc
Based on IRS filings
Diamond M Foundation Inc is a private foundation, based in SAN ANGELO, TX. IRS filing data is available from 2020 through 2022. As of 2022, the organization holds $6.5M in total assets. In 2022, it awarded 3 grants totaling $460K. Net investment income was $576K.
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Geographic Focus
Where this funder awards grants
Grant Distribution by State
States
Cities
Financial History
Multi-year comparison from IRS filings
| Metric | 2022 | 2021 | 2020 |
|---|---|---|---|
| Total Assets | $6,507,460 | $6,395,020 | $6,076,796 |
| Revenue | $603,459 | $724,493 | $393,580 |
| Expenses | $491,019 | $406,269 | $87,752 |
| Qualifying Distributions | $460,000 | $390,000 | — |
| Net Investment Income | $575,542 | $709,851 | $373,103 |
| Distributable Amount | $439,678 | $436,239 | $376,436 |
Giving Over Time
Total grant dollars and number of grants per year
Grant Insights
How this funder distributes its grants
Top Recipients
Top 3 recipients in 2022
Grant Size Distribution
10 grants across all recorded years
Giving History
Grant recipients and amounts by year
Among its reported 2022 grants, the largest include San Angelo Area Foundation ($400,000), Ranching Heritage Association ($50,000), Scurry County Ministerial Alliance ($10,000).
| Recipient | Purpose | Amount |
|---|---|---|
| RANCHING HERITAGE ASSOCIATION LUBBOCK, TX | OPERATING FUNDS | $50,000 |
| SCURRY COUNTY MINISTERIAL ALLIANCE SNYDER, TX | OPERATING FUNDS | $10,000 |
| SAN ANGELO AREA FOUNDATION SAN ANGELO, TX | OPERATING EXPENSE | $400,000 |
Leadership & Key People
Officers and directors from IRS filings
Compensation Overview
From 2022 IRS filing
From 2022 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| LAURE C MCLAUGHLIN | PRESIDENT | — | — |
| BRIAN T MCLAUGHLIN | Director | — | — |
| EVELYN MCLAUGHLIN DAVIES | DIRECTOR | — | — |
| BARBARA RIDDLE FENDLEY | Secretary | — | — |
| J M MCLAUGHLIN | Chairman | — | — |
| DEBORAH DEFORD DUNKUM | Vice President | — | — |
| PHILLIP KNOX | Director | — | — |
Frequently Asked Questions
How large is Diamond M Foundation Inc?
As of 2022, Diamond M Foundation Inc holds $6.5M in total assets with $603K in annual revenue. It awarded 3 grants totaling $460K in 2022.
Where does Diamond M Foundation Inc operate?
Diamond M Foundation Inc has awarded grants in Texas.
What size grants does Diamond M Foundation Inc award?
In 2022, Diamond M Foundation Inc awarded 3 grants totaling $460K — an average of about $153K per grant, based on its IRS Form 990 filings.
How much is Diamond M Foundation Inc required to give away each year?
Private foundations must generally distribute about 5% of their assets annually. For 2022, Diamond M Foundation Inc reported a distributable amount of $440K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.
What is Diamond M Foundation Inc's EIN?
Diamond M Foundation Inc's EIN (Employer Identification Number) is 75-6015426. IRS Form 990 filing data is available on this page for 2020–2022.
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Data last updated April 2026. Sourced from IRS Form 990-PF filings.
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