M Charitable Fund
M Charitable Fund is a private foundation, 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.
M Charitable Fund at a glance
In short: M Charitable Fund gave $423K across 7 grants in 2024 (avg $60K), mostly in California. Source: 2024 IRS Form 990-PF.
- Annual giving (2024)
- $422,500
- +17.7% vs 2023
- Grants made (2024)
- 7
- +0.0% vs 2023
- Average grant
- $60,357
- +17.7% vs 2023
- Median grant
- $50,000
- Total assets
- $12,286,697
- +16.6% vs 2023
- Primary geography
- California (58% 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 M Charitable Fund funds
How this funder distributes its grants
Top Recipients
Top 6 recipients in 2024
The largest 2024 recipient was Rockside Ranch ($161K). Together the top 6 received $413K.
Organizations only. It also paid 1 grant to individuals ($10,000), which are not listed by name.
Grant Size Distribution
27 grants across all recorded years
The most common grant size was in the $50–100K range: 14 grants of 27 (52%).
Geographic Focus
Where this funder awards grants
Grant Distribution by State
Share of 2024 grant dollars across all 7 itemized grants.
States
Cities
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.
Giving History
Giving Over Time
Total grant dollars and number of grants per year
From 2020 to 2024, annual grant giving ranged from $70K (2020) to $423K (2024). In 2024 it made 7 grants totaling $423K.
Grants by year
Grant recipients and amounts by year
| 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 |
| 1 grant to individuals Recipients not named | — | $10,000 |
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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 | $12,286,697 | $2,359,736 | $612,231 | $422,500 | 7 | $482,109 | $858,379 | $718,540 |
| 2023 | $10,539,192 | $2,415,046 | $505,193 | $359,000 | 7 | $406,243 | $885,586 | $550,723 |
| 2022 | $8,629,339 | $884,784 | $580,434 | $396,000 | 7 | $443,838 | — | $425,696 |
| 2021 | $8,324,989 | $4,244,513 | $304,298 | $199,500 | 5 | $228,806 | $2,953,151 | $371,753 |
| 2020 | $4,384,774 | $1,859,078 | $109,939 | $70,000 | 1 | — | $609,089 | $213,583 |
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.
Leadership & Key People
Officers and directors from IRS filings
M Charitable Fund's 2024 filing lists 2 officers; none of the 2 officers listed in 2024 report compensation.
Officers on the 2024 filing
Maureen C. Mekjian
Trustee
On filings since 2020
1 hr/week
No compensation reported
Michal L. Mekjian Jr.
Trustee
On filings since 2020
1 hr/week
No compensation reported
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 M Charitable Fund
How much does M Charitable Fund give each year?
M Charitable Fund gave $423K across 7 grants in 2024, according to its 2024 IRS Form 990-PF. In 2023 it gave $359K across 7 grants.
What is M Charitable Fund's typical grant size?
M Charitable Fund's median grant in 2024 was $50,000, and its average grant was $60,357, across 7 grants on its 2024 IRS Form 990-PF.
Where does M Charitable Fund give grants?
M Charitable Fund gives mostly in California: 58% of the grant dollars itemized on its 2024 IRS Form 990-PF went to recipients there. The next largest state was Nevada (42%). The most frequent recipient cities were Las Vegas, NV (3 grants).
Does M Charitable Fund give general operating support?
Yes: 57% of M Charitable Fund's 2024 grants with a stated purpose (4 of 7) were for general or operating support, per its 2024 IRS Form 990-PF.
Who are M Charitable Fund's largest grantees?
M Charitable Fund's largest 2024 grantees include Rockside Ranch ($161,000), HORSES4HEROES ($97,500) and Lutheran High School Orange County ($50,000), according to its 2024 IRS Form 990-PF. It also paid 1 grant to individuals ($10,000), which are not listed by name. Together they received 73% of its itemized 2024 grant dollars.
How large is M Charitable Fund?
M Charitable Fund reported $12.3M in total assets on its 2024 IRS Form 990-PF. It paid out $482K in qualifying distributions that year, against a required minimum of $719K (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 M Charitable Fund's EIN?
M Charitable Fund's EIN (Employer Identification Number) is 83-6447922. 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
Live grants for the work M Charitable Fund funds
Philanthropy, Voluntarism & Grantmaking Open opportunities, soonest deadline first.
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