M&M 1988 Foundation
M&M 1988 Foundation is a private foundation, based in Chicago, IL. IRS filing data is available from 2021 through 2025. As of 2025, the organization holds $502K in total assets. In 2025, it awarded 7 grants totaling $23K. Net investment income was $7K.
M&M 1988 Foundation at a glance
In short: M&M 1988 Foundation gave $23K across 7 grants in 2025 (avg $3K), mostly in Illinois. Source: 2025 IRS Form 990-PF.
- Annual giving (2025)
- $22,500
- -71.4% vs 2024
- Grants made (2025)
- 7
- -22.2% vs 2024
- Average grant
- $3,214
- -63.2% vs 2024
- Median grant
- $2,000
- Total assets
- $501,556
- +25.0% vs 2024
- Primary geography
- Illinois (80% 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 M&M 1988 Foundation funds
How this funder distributes its grants
Top Recipients
Top 7 recipients in 2025
The largest 2025 recipient was RPC - Refugee Program Rarrt ($10K). Together the top 7 received $23K.
Grant Size Distribution
20 grants across all recorded years
The most common grant size was under $50K: 20 grants of 20 (100%).
Geographic Focus
Where this funder awards grants
Grant Distribution by State
Share of 2025 grant dollars across all 7 itemized grants.
Cities
How M&M 1988 Foundation gives
- Giving held roughly steady from 2022 to 2025 (−10%). Method
- In 2025 it paid out 157% 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 2022 to 2025, annual grant giving ranged from $23K (2025) to $79K (2024). In 2025 it made 7 grants totaling $23K.
Grants by year
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| RPC - Refugee Program Rarrt Riverside, IL | Operational Support | $10,000 |
| Christ the King School Chicago, IL | Operational Support | $5,000 |
| Shane Gives Food Pantry Carver, MA | Operational Support | $2,500 |
| Fistula Foundation San Jose, CA | Operational Support | $2,000 |
| Digs with Dignity Chicago, IL | Operational Support | $1,500 |
| Riverside Rocks LLC Riverside, IL | Operational Support | $1,000 |
| Riverside Golf Club Foundation North Riverside, IL | Operational Support | $500 |
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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 | $501,556 | $105,843 | $25,745 | $22,500 | 7 | $22,500 | $7,270 | $14,325 |
| 2024 | $401,182 | $-35,541 | $80,122 | $78,665 | 9 | $78,665 | $3,839 | $19,566 |
| 2023 | $387,879 | $13,140 | $32,150 | $29,500 | 3 | $29,500 | $4,105 | $17,586 |
| 2022 | $344,255 | $9,660 | $25,000 | $25,000 | 1 | $25,000 | $9,660 | $20,387 |
| 2021 | $495,823 | $501,712 | — | — | — | — | $1,712 | $4,074 |
Under IRS private-foundation payout rules, M&M 1988 Foundation reported a distributable amount of $14K for 2025 — the minimum it must pay out in qualifying distributions.
Leadership & Key People
Officers and directors from IRS filings
M&M 1988 Foundation's 2025 filing lists 2 officers; none of the 2 officers listed in 2025 report compensation.
Officers on the 2025 filing
Micheal F. Cronin
Trustee
On filings since 2021
1 hr/week
No compensation reported
Michelle Lawler
Trustee
On filings since 2021
1 hr/week
No compensation reported
Data from IRS Form 990 filings, 2021–2025. "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&M 1988 Foundation
How much does M&M 1988 Foundation give each year?
M&M 1988 Foundation gave $23K across 7 grants in 2025, according to its 2025 IRS Form 990-PF. In 2024 it gave $79K across 9 grants.
What is M&M 1988 Foundation's typical grant size?
M&M 1988 Foundation's median grant in 2025 was $2,000, and its average grant was $3,214, across 7 grants on its 2025 IRS Form 990-PF.
Where does M&M 1988 Foundation give grants?
M&M 1988 Foundation gives mostly in Illinois: 80% of the grant dollars itemized on its 2025 IRS Form 990-PF went to recipients there. The next largest states were Massachusetts (11%) and California (9%). The most frequent recipient cities were Riverside, IL (2 grants) and Chicago, IL (2 grants).
Does M&M 1988 Foundation give general operating support?
Yes: 100% of M&M 1988 Foundation's 2025 grants with a stated purpose (7 of 7) were for general or operating support, per its 2025 IRS Form 990-PF.
Who are M&M 1988 Foundation's largest grantees?
M&M 1988 Foundation's largest 2025 grantees include RPC - Refugee Program Rarrt ($10,000), Christ the King School ($5,000) and Shane Gives Food Pantry ($2,500), according to its 2025 IRS Form 990-PF. Together they received 78% of its itemized 2025 grant dollars.
How large is M&M 1988 Foundation?
M&M 1988 Foundation reported $502K in total assets on its 2025 IRS Form 990-PF. It paid out $23K in qualifying distributions that year, against a required minimum of $14K (roughly 5% of its investment assets).
What is M&M 1988 Foundation's EIN?
M&M 1988 Foundation's EIN (Employer Identification Number) is 87-1374500. IRS Form 990 filing data is available on this page for 2021–2025.
Data last updated September 2026. Sourced from IRS Form 990-PF filings.
Data update history
(2)
When this profile's IRS filing data changed on Grantable
- Added Form 990-PF for fiscal year 2025 (received by the IRS May 21, 2026)
- IRS filings on file for fiscal years 2021–2024
Live grants for the work M&M 1988 Foundation funds
Philanthropy, Voluntarism & Grantmaking Open opportunities, soonest deadline first.
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Browse active grant opportunities in M&M 1988 Foundation's focus areas in our free grants database
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