M Charitable Fund

Foundation · Grantmaker Reston, VA EIN: 83-6447922

M Charitable Fund is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in Reston, VA. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $12.3M in total assets. In 2024, it awarded 7 grants totaling $423K. Net investment income was $858K.

Key facts about M Charitable Fund

EIN: 83-6447922
Latest 990 filing: Form 990-PF, 2024
Annual giving (2024): $422,500
Grants made (2024): 7
Average grant: $60,357
Median grant: $50,000
Total assets: $12,286,697
Primary geography: California (58% of itemized 2024 grant dollars)

Data from IRS Form 990-PF, 2024; updated September 2026.

Who M Charitable Fund funds

By grant dollars, the top recipient states for M Charitable Fund's 7 itemized 2024 grants were California (58%) and Nevada (42%). The most frequent recipient cities were Las Vegas, NV (4 grants). 57% of grants with a stated purpose were for general or operating support.

How M Charitable Fund gives

Giving grew 112% from 2021 to 2024. Method
In 2024 it paid out 67% 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.

Next steps with M Charitable Fund

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Financial Overview

From 2024 IRS Form 990-PF · View filing

Total Assets

$12.3M

+16.6% YoY

Annual Giving

$423K

+17.7% YoY

Grant Count

+0.0% YoY

Avg Grant Size

$60K

+17.7% YoY

Under IRS private-foundation payout rules, M Charitable Fund reported a distributable amount of $719K for 2024 — the minimum it must pay out in qualifying distributions.

About M Charitable Fund

Based on IRS filings

Focus Areas

Philanthropy, Voluntarism & Grantmaking

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Geographic Focus

Where this funder awards grants

Grant Distribution by State

California $245K (58%)

Nevada $178K (42%)

Share of all 7 itemized 2024 grant dollars.

States

California Nevada Utah

Cities

Las VegasSanta AnaEtnaOrangePark City

Financial History

Multi-year comparison from IRS filings

Revenue

Expenses

Qualifying Distributions

Net Investment Income

Metric	2024	2023	2022
Total Assets	$12,286,697	$10,539,192	$8,629,339
Revenue	$2,359,736	$2,415,046	$884,784
Expenses	$612,231	$505,193	$580,434
Qualifying Distributions	$482,109	$406,243	$443,838
Net Investment Income	$858,379	$885,586	—
Distributable Amount	$718,540	$550,723	$425,696

Data update history

When this profile's IRS filing data changed on Grantable

March 2, 2026 IRS filings on file for fiscal years 2020–2024

Giving Over Time

Total grant dollars and number of grants per year

Grant Insights

How this funder distributes its grants

Top Recipients

Top 7 recipients in 2024

Grant Size Distribution

27 grants across all recorded years

Giving History

Grant recipients and amounts by year

Among its reported 2024 grants, the largest recipients include Rockside Ranch ($161,000), HORSES4HEROES ($97,500), Lutheran High School Orange County ($50,000).

Recipient	Purpose	Amount
ROCKSIDE RANCH Etna, CA	GENERAL SUPPORT	$161,000
HORSES4HEROES Las Vegas, NV	GENERAL SUPPORT	$97,500
LUTHERAN HIGH SCHOOL ORANGE COUNTY Orange, CA	GENERAL SUPPORT	$50,000
UNLV FOUNDATION (UNIVERSITY OF NORTHERN LAS VEGAS) Las Vegas, NV	MEKJIAN FAMILY MERIT SCHOLARSHIP FOR UNLV WILLIAM F HARRAH COLLEGE OF HOSPITALITY	$50,000
OCSA FOUNDATION (ORANGE COUNTY SCHOOL OF THE ARTS) Santa Ana, CA	FOR CULINARY AND HOSPITALITY CONSERVATORY	$34,000
THE SMITH CENTER Las Vegas, NV	GENERAL SUPPORT	$20,000
FAITH LUTHERAN MIDDLE & HIGH SCHOOL Las Vegas, NV	STUDENT FINANCIAL AID	$10,000

Leadership & Key People

Officers and directors from IRS filings

Compensation Overview

No officer or director reported compensation in the available filings.

From 2024 IRS filing

Name	Title	Hours	Compensation
Michal L Mekjian Jr	Trustee	1	—
Maureen C Mekjian	Trustee	1	—

Subject Areas

Focus areas based on grantmaking activity

Philanthropy, Voluntarism & Grantmaking

Frequently Asked Questions

What is M Charitable Fund?

M Charitable Fund is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in Reston, VA. It holds $12.3M in total assets as of 2024.

How large is M Charitable Fund?

As of 2024, M Charitable Fund holds $12.3M in total assets with $2.4M in annual revenue. It awarded 7 grants totaling $423K in 2024.

Where does M Charitable Fund operate?

M Charitable Fund has awarded grants in California, Nevada, Utah.

What size grants does M Charitable Fund award?

In 2024, M Charitable Fund awarded 7 grants totaling $423K — an average of about $60K per grant, based on its IRS Form 990 filings.

How much is M Charitable Fund required to give away each year?

Private foundations must generally distribute about 5% of their assets annually. For 2024, M Charitable Fund reported a distributable amount of $719K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.