Mcmillan Family Foundation Inc
Mcmillan Family Foundation Inc is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in VALPARAISO, IN. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $13.2M in total assets. In 2024, it awarded 3 grants totaling $518K. Net investment income was $3.6M.
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$13.2M
+13.4% YoY
Annual Giving
$518K
+51.1% YoY
Grant Count
3
+200.0% YoY
Avg Grant Size
$173K
-49.6% YoY
Under IRS private-foundation payout rules, Mcmillan Family Foundation Inc reported a distributable amount of $715K for 2024 — the minimum it must pay out in qualifying distributions.
About Mcmillan Family Foundation Inc
Based on IRS filings
Mcmillan Family Foundation Inc is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in VALPARAISO, IN. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $13.2M in total assets. In 2024, it awarded 3 grants totaling $518K. Net investment income was $3.6M.
Focus Areas
Ready to take the next step with Mcmillan Family Foundation Inc?
Geographic Focus
Where this funder awards grants
Grant Distribution by State
States
Cities
Financial History
Multi-year comparison from IRS filings
| Metric | 2024 | 2023 | 2022 |
|---|---|---|---|
| Total Assets | $13,220,658 | $11,660,937 | $9,106,916 |
| Revenue | $3,804,531 | $846,560 | $-195,753 |
| Expenses | $788,617 | $560,855 | $595,342 |
| Qualifying Distributions | $539,142 | $433,340 | $451,527 |
| Net Investment Income | $3,575,801 | $720,709 | — |
| Distributable Amount | $715,339 | $496,084 | $445,393 |
Giving Over Time
Total grant dollars and number of grants per year
Grant Insights
How this funder distributes its grants
Top Recipients
Top 3 recipients in 2024
Grant Size Distribution
12 grants across all recorded years
Giving History
Grant recipients and amounts by year
Among its reported 2024 grants, the largest include Porter County Community Foundation ($408,333), Purdue University Northwest ($100,000), Opportunity Enterprises ($9,248).
| Recipient | Purpose | Amount |
|---|---|---|
| PORTER COUNTY COMMUNITY FOUNDATION VALPARAISO, IN | DONATION | $408,333 |
| PURDUE UNIVERSITY NORTHWEST WESTVILLE, IN | DONATION | $100,000 |
| OPPORTUNITY ENTERPRISES VALPARAISO, IN | DONATION | $9,248 |
Leadership & Key People
Officers and directors from IRS filings
Compensation Overview
From 2024 IRS filing
From 2024 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| STEWART MCMILLAN | CHAIRMAN | 1 | — |
| KATHRYN MCMILLAN | PRESIDENT | 1 | — |
| GEORGE DOUGLAS | BOARD MEMBER | 1 | — |
| JOHN WIKTOR | TREASURER/SE | 1 | — |
| TIMOTHY SCANNELL | BOARD MEMBER | 1 | — |
Subject Areas
Focus areas based on grantmaking activity
Frequently Asked Questions
What is Mcmillan Family Foundation Inc?
Mcmillan Family Foundation Inc is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in VALPARAISO, IN. It holds $13.2M in total assets as of 2024.
How large is Mcmillan Family Foundation Inc?
As of 2024, Mcmillan Family Foundation Inc holds $13.2M in total assets with $3.8M in annual revenue. It awarded 3 grants totaling $518K in 2024.
Where does Mcmillan Family Foundation Inc operate?
Mcmillan Family Foundation Inc has awarded grants in Indiana.
What size grants does Mcmillan Family Foundation Inc award?
In 2024, Mcmillan Family Foundation Inc awarded 3 grants totaling $518K — an average of about $173K per grant, based on its IRS Form 990 filings.
How much is Mcmillan Family Foundation Inc required to give away each year?
Private foundations must generally distribute about 5% of their assets annually. For 2024, Mcmillan Family Foundation Inc reported a distributable amount of $715K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.
What is Mcmillan Family Foundation Inc's EIN?
Mcmillan Family Foundation Inc's EIN (Employer Identification Number) is 81-0855474. IRS Form 990 filing data is available on this page for 2020–2024.
Explore Open Grants
Browse active grant opportunities in Mcmillan Family Foundation Inc's focus areas in our free grants database
Related Funders
Similar funders by location and focus area
Boren Foundation Inc
UPLAND, IN
Assets
$19.1M
Grants
70
Total Given
$1.3M
Lupke Foundation Inc Agency
FORT WAYNE, IN
Assets
$1.4M
Grants
22
Total Given
$76K
Harold Ellison Tuw for Jones Cemetery 002189
MUNCIE, IN
Assets
$442K
Grants
1
Total Given
$9K
John Carroll Club of South Bend Inc
SOUTH BEND, IN
Assets
—
Grants
1
Total Given
$220K
Buchanan-clements Foundation Inc
COLUMBUS, IN
Assets
$261K
Grants
3
Total Given
$16K
Harold Ellison Scholarship Fund 002188
MUNCIE, IN
Assets
$1.1M
Grants
1
Total Given
$62K
Data last updated April 2026. Sourced from IRS Form 990-PF filings.
What could you do with Mcmillan Family Foundation Inc on Grantable?
- Assess strategic fit with your organization
- Draft a tailored letter of inquiry
- Find open RFPs from this funder
- Monitor for new funding opportunities
Go from researching Mcmillan Family Foundation Inc to a real strategy.