M620 Fund
M620 Fund is a private foundation focused on religion, based in Waco, TX. IRS filing data is available from 2024 through 2025. As of 2025, the organization holds $21K in total assets. In 2025, it awarded 6 grants totaling $3K. Net investment income was $765.
M620 Fund at a glance
In short: M620 Fund gave $3K across 6 grants in 2025 (avg $518.5), mostly in California. Source: 2025 IRS Form 990-PF.
- Annual giving (2025)
- $3,111
- +3011.0% vs 2024
- Grants made (2025)
- 6
- +500.0% vs 2024
- Average grant
- $519
- +418.5% vs 2024
- Median grant
- $491
- Total assets
- $21,058
- +500.3% vs 2024
- Primary geography
- California (68% of itemized 2025 grant dollars)
- Latest 990 filing
- Form 990-PF, 2025 View filing
Data from IRS Form 990-PF, 2025; updated September 2026.
Who M620 Fund funds
How this funder distributes its grants
Top Recipients
Top 6 recipients in 2025
The largest 2025 recipient was South East Asia Rescue Coalition and Haven ($1K). Together the top 6 received $3K.
Grant Size Distribution
7 grants across all recorded years
The most common grant size was under $50K: 7 grants of 7 (100%).
Geographic Focus
Where this funder awards grants
Grant Distribution by State
Share of 2025 grant dollars across all 6 itemized grants.
States
Cities
How M620 Fund gives
- In 2025 it paid out 372% of its IRS minimum distribution (the 5% rule). 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 2024 to 2025, annual grant giving ranged from $100 (2024) to $3K (2025). In 2025 it made 6 grants totaling $3K.
Grants by year
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| South East Asia Rescue Coalition and Haven Walnut Creek, CA | General Support | $1,000 |
| Hillside Covenant Church Walnut Creek, CA | General Support | $1,000 |
| Francis Soulman | Leadership Training | $500 |
| Joshua Shanmugham | Leadership Training | $481 |
| Berean Christian High School Walnut Creek, CA | General Support | $100 |
| Love Never Fails Dublin, CA | General Support | $30 |
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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 |
|---|---|---|---|---|---|---|---|---|
| 2025 | $21,058 | $21,224 | $4,728 | $3,111 | 6 | $3,112 | $765 | $836 |
| 2024 | $3,508 | $4,208 | $700 | $100 | 1 | $700 | — | $32 |
Under IRS private-foundation payout rules, M620 Fund reported a distributable amount of $836 for 2025 — the minimum it must pay out in qualifying distributions.
Leadership & Key People
Officers and directors from IRS filings
M620 Fund is led by Wayne Phillips, Director President on every filing since 2024; 1 of 3 officers listed in 2025 is compensated.
Officers on the 2025 filing
Wayne Phillips
Director President
On filings since 2024
5 hrs/week
No compensation reported
Levi Phillips
Director
On filings since 2024
5 hrs/week
$867 (2025)
Rebecca Phillips
Director
On filings since 2024
0.5 hrs/week
No compensation reported
Data from IRS Form 990 filings, 2024–2025. "On filings since" is the earliest filing we hold that lists the person; hours are average hours per week as reported.
Compensation Overview
From 2025 IRS filing
The highest reported compensation on the 2025 filing was $867, to Levi Phillips (Director).
Frequently asked questions about M620 Fund
How much does M620 Fund give each year?
M620 Fund gave $3K across 6 grants in 2025, according to its 2025 IRS Form 990-PF. In 2024 it gave $100 across 1 grant.
What is M620 Fund's typical grant size?
M620 Fund's median grant in 2025 was $491, and its average grant was $519, across 6 grants on its 2025 IRS Form 990-PF.
Where does M620 Fund give grants?
M620 Fund gives mostly in California: 68% of the grant dollars itemized on its 2025 IRS Form 990-PF went to recipients there. The most frequent recipient cities were Walnut Creek, CA (3 grants).
Does M620 Fund give general operating support?
Yes: 67% of M620 Fund's 2025 grants with a stated purpose (4 of 6) were for general or operating support, per its 2025 IRS Form 990-PF.
Who are M620 Fund's largest grantees?
M620 Fund's largest 2025 grantees include South East Asia Rescue Coalition and Haven ($1,000), Hillside Covenant Church ($1,000) and Francis Soulman ($500), according to its 2025 IRS Form 990-PF. Together they received 80% of its itemized 2025 grant dollars.
How large is M620 Fund?
M620 Fund reported $21K in total assets on its 2025 IRS Form 990-PF. It paid out $3K in qualifying distributions that year, against a required minimum of $836 (roughly 5% of its investment assets).
What is M620 Fund?
M620 Fund is a private foundation focused on religion, based in Waco, TX. It holds $21K in total assets as of 2025.
What is M620 Fund's EIN?
M620 Fund's EIN (Employer Identification Number) is 99-4186684. IRS Form 990 filing data is available on this page for 2024–2025.
Data last updated September 2026. Sourced from IRS Form 990-PF filings.
Data update history
(3)
When this profile's IRS filing data changed on Grantable
- Updated Form 990-PF for fiscal year 2024 (received by the IRS March 24, 2025)
- Updated Form 990-PF for fiscal year 2025 (received by the IRS April 13, 2026)
- IRS filings on file for fiscal years 2024–2025
Live grants for the work M620 Fund funds
Religion Related Open opportunities, soonest deadline first.
Explore Open Grants
Browse active grant opportunities in M620 Fund's focus areas in our free grants database
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