McMillan Family Foundation

PANACEA, FL EIN: 59-7240253

McMillan Family Foundation is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in PANACEA, FL. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $702K in total assets. In 2024, it awarded 5 grants totaling $36K. Net investment income was $17K.

Financial Overview

From 2024 IRS Form 990-PF · View filing

Total Assets

$702K

-0.8% YoY

Annual Giving

$36K

+45.7% YoY

Grant Count

5

+66.7% YoY

Avg Grant Size

$7K

-12.6% YoY

Under IRS private-foundation payout rules, McMillan Family Foundation reported a distributable amount of $34K for 2024 — the minimum it must pay out in qualifying distributions.

About McMillan Family Foundation

Based on IRS filings

McMillan Family Foundation is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in PANACEA, FL. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $702K in total assets. In 2024, it awarded 5 grants totaling $36K. Net investment income was $17K.

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Geographic Focus

Where this funder awards grants

Grant Distribution by State

3states

Cities

AtlantaCrawfordvilleMemphisPanaceaTallahassee

Financial History

Multi-year comparison from IRS filings

Revenue
Expenses
Qualifying Distributions
Net Investment Income
$0$12K$25K$37K$49K20202021202220232024
Metric202420232022
Total Assets$702,429$707,759$726,571
Revenue$15,935$24,041$40,336
Expenses$42,647$34,523$34,959
Qualifying Distributions$36,100$24,770$28,275
Net Investment Income$17,333$24,041$40,336
Distributable Amount$34,234$32,664$32,437

Giving Over Time

Total grant dollars and number of grants per year

$0$9K$18K$27K$36K4 grants20204 grants20214 grants20223 grants20235 grants2024

Grant Insights

How this funder distributes its grants

Top Recipients

Top 5 recipients in 2024

FRIENDSHIP PRIMITIVE BAP…$20KLIGHTHOUSE CHILDRENS HOME$10KIN TOUCH MINISTRIES$3KFIRST BAPTIST CHURCH OCH…$3KMISC MINISTRY CHARITIES$500

Grant Size Distribution

20 grants across all recorded years

20<$50K$50–100K$100–250K$250–500K$500K–1M$1–5M$5M+

Giving History

Grant recipients and amounts by year

Among its reported 2024 grants, the largest include Friendship Primitive Baptist Church ($19,600), Lighthouse Childrens Home ($10,000), In Touch Ministries ($3,000).

RecipientPurposeAmount
FRIENDSHIP PRIMITIVE BAPTIST CHURCH CRAWFORDVILLE, FLSUPPORT OF MINISTRY$19,600
LIGHTHOUSE CHILDRENS HOME TALLAHASSEE, FLMINISTRY SUPPORT$10,000
MISC MINISTRY CHARITIES PANACEA, FLMINISTRY SUPPORT$500
IN TOUCH MINISTRIES ATLANTA, GAMINISTRY SUPPORT$3,000
FIRST BAPTIST CHURCH OCHLOCKNONEE BAY PANACEA, FLMINISTRY SUPPORT$3,000

Leadership & Key People

Officers and directors from IRS filings

Compensation Overview

From 2024 IRS filing

From 2024 filing

NameTitleHoursCompensation
JEAN B MCMILLANTRUSTEE/2

Subject Areas

Focus areas based on grantmaking activity

Frequently Asked Questions

What is McMillan Family Foundation?

McMillan Family Foundation is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in PANACEA, FL. It holds $702K in total assets as of 2024.

How large is McMillan Family Foundation?

As of 2024, McMillan Family Foundation holds $702K in total assets with $16K in annual revenue. It awarded 5 grants totaling $36K in 2024.

Where does McMillan Family Foundation operate?

McMillan Family Foundation has awarded grants in Florida, Georgia, Tennessee.

What size grants does McMillan Family Foundation award?

In 2024, McMillan Family Foundation awarded 5 grants totaling $36K — an average of about $7K per grant, based on its IRS Form 990 filings.

How much is McMillan Family Foundation required to give away each year?

Private foundations must generally distribute about 5% of their assets annually. For 2024, McMillan Family Foundation reported a distributable amount of $34K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.

What is McMillan Family Foundation's EIN?

McMillan Family Foundation's EIN (Employer Identification Number) is 59-7240253. IRS Form 990 filing data is available on this page for 2020–2024.

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Data last updated April 2026. Sourced from IRS Form 990-PF filings.

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