M & R Foundation is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in SPENCER, TN. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $31K in total assets. In 2024, it awarded 2 grants totaling $2K. Net investment income was $17.
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$31K
-32.5% YoY
Annual Giving
$2K
+100.0% YoY
Grant Count
2
+100.0% YoY
Avg Grant Size
$750
+0.0% YoY
Under IRS private-foundation payout rules, M & R Foundation reported a distributable amount of $1K for 2024 — the minimum it must pay out in qualifying distributions.
About M & R Foundation
Based on IRS filings
M & R Foundation is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in SPENCER, TN. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $31K in total assets. In 2024, it awarded 2 grants totaling $2K. Net investment income was $17.
Focus Areas
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Geographic Focus
Where this funder awards grants
Grant Distribution by State
Cities
Financial History
Multi-year comparison from IRS filings
| Metric | 2024 | 2023 | 2022 |
|---|---|---|---|
| Total Assets | $30,679 | $45,449 | $79,985 |
| Revenue | $-14,074 | $-31,710 | $-12,670 |
| Expenses | $2,036 | $511 | $472 |
| Qualifying Distributions | $1,500 | — | — |
| Net Investment Income | $17 | — | — |
| Distributable Amount | $1,356 | $1,632 | $1,213 |
Giving Over Time
Total grant dollars and number of grants per year
Grant Insights
How this funder distributes its grants
Top Recipients
Top 2 recipients in 2024
Grant Size Distribution
6 grants across all recorded years
Giving History
Grant recipients and amounts by year
Among its reported 2024 grants, the largest include Alzsheimers TN Inc ($1,000), Sheffield Education Foundation ($500).
| Recipient | Purpose | Amount |
|---|---|---|
| Alzsheimers TN Inc Knoxville, TN | Medical | $1,000 |
| Sheffield Education Foundation Sheffield, AL | Educational Scholarships | $500 |
Leadership & Key People
Officers and directors from IRS filings
Compensation Overview
From 2024 IRS filing
From 2024 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| RONALD SHERRILL | CO-TRUSTEE | 0.25 | — |
| MICHAEL ALLEN | CO-TRUSTEE | 0.25 | — |
| JOE DICK | CO-TRUSTEE | 0.25 | — |
Subject Areas
Focus areas based on grantmaking activity
Frequently Asked Questions
What is M & R Foundation?
M & R Foundation is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in SPENCER, TN. It holds $31K in total assets as of 2024.
How large is M & R Foundation?
As of 2024, M & R Foundation holds $31K in total assets with $-14,074 in annual revenue. It awarded 2 grants totaling $2K in 2024.
Where does M & R Foundation operate?
M & R Foundation has awarded grants in Alabama, South Carolina, Tennessee.
What size grants does M & R Foundation award?
In 2024, M & R Foundation awarded 2 grants totaling $2K — an average of about $750 per grant, based on its IRS Form 990 filings.
How much is M & R Foundation required to give away each year?
Private foundations must generally distribute about 5% of their assets annually. For 2024, M & R Foundation reported a distributable amount of $1K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.
What is M & R Foundation's EIN?
M & R Foundation's EIN (Employer Identification Number) is 64-0855124. IRS Form 990 filing data is available on this page for 2020–2024.
Explore Open Grants
Browse active grant opportunities in M & R Foundation's focus areas in our free grants database
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Data last updated April 2026. Sourced from IRS Form 990-PF filings.
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