Mcmillan Frank M Iii Foundation

Foundation · Grantmaker SAINT LOUIS, MO EIN: 83-2003403

Mcmillan Frank M Iii Foundation is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in SAINT LOUIS, MO. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $1.2M in total assets. In 2024, it awarded 1 grants totaling $803K. Net investment income was $421K.

Financial Overview

From 2024 IRS Form 990-PF · View filing

Total Assets

$1.2M

-23.7% YoY

Annual Giving

$803K

+205.5% YoY

Grant Count

+0.0% YoY

Avg Grant Size

$803K

+205.5% YoY

Under IRS private-foundation payout rules, Mcmillan Frank M Iii Foundation reported a distributable amount of $75K for 2024 — the minimum it must pay out in qualifying distributions.

About Mcmillan Frank M Iii Foundation

Based on IRS filings

Focus Areas

Philanthropy, Voluntarism & Grantmaking

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Geographic Focus

Where this funder awards grants

Grant Distribution by State

South Carolina $1.4M (100%)

States

South Carolina

Cities

Latta

Financial History

Multi-year comparison from IRS filings

Revenue

Expenses

Qualifying Distributions

Net Investment Income

Metric	2024	2023	2022
Total Assets	$1,239,682	$1,624,983	$1,884,765
Revenue	$445,265	$34,150	$60,803
Expenses	$830,227	$294,651	$144,590
Qualifying Distributions	$806,829	$267,054	$113,426
Net Investment Income	$420,995	$26,812	$30,760
Distributable Amount	$75,010	$98,886	$108,986

Giving Over Time

Total grant dollars and number of grants per year

Grant Insights

How this funder distributes its grants

Top Recipients

Top 1 recipients in 2024

Grant Size Distribution

5 grants across all recorded years

Giving History

Grant recipients and amounts by year

Among its reported 2024 grants, the largest include Latta Library Foundation Inc ($803,224).

Recipient	Purpose	Amount
LATTA LIBRARY FOUNDATION INC LATTA, SC	GENERAL OPERATING	$803,224

Leadership & Key People

Officers and directors from IRS filings

Compensation Overview

From 2024 IRS filing

From 2024 filing

Name	Title	Hours	Compensation
WELLS FARGO BANK N A	TRUSTEE	1	$25,028

Subject Areas

Focus areas based on grantmaking activity

Philanthropy, Voluntarism & Grantmaking

Frequently Asked Questions

What is Mcmillan Frank M Iii Foundation?

Mcmillan Frank M Iii Foundation is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in SAINT LOUIS, MO. It holds $1.2M in total assets as of 2024.

How large is Mcmillan Frank M Iii Foundation?

As of 2024, Mcmillan Frank M Iii Foundation holds $1.2M in total assets with $445K in annual revenue. It awarded 1 grants totaling $803K in 2024.

Where does Mcmillan Frank M Iii Foundation operate?

Mcmillan Frank M Iii Foundation has awarded grants in South Carolina.

What size grants does Mcmillan Frank M Iii Foundation award?

In 2024, Mcmillan Frank M Iii Foundation awarded 1 grants totaling $803K — an average of about $803K per grant, based on its IRS Form 990 filings.

How much is Mcmillan Frank M Iii Foundation required to give away each year?

Private foundations must generally distribute about 5% of their assets annually. For 2024, Mcmillan Frank M Iii Foundation reported a distributable amount of $75K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.

What is Mcmillan Frank M Iii Foundation's EIN?

Mcmillan Frank M Iii Foundation's EIN (Employer Identification Number) is 83-2003403. IRS Form 990 filing data is available on this page for 2020–2024.