Meredith Foundation

Foundation · Grantmaker Mineola, TX EIN: 75-6024469 Website

The Meredith Foundation is a private foundation established as a trust in 1958 and tax-exempt since June 1965. Based in Mineola, Texas, the foundation focuses on philanthropic giving primarily to civic projects and community-based organizations within its service area.

Key facts about Meredith Foundation

EIN: 75-6024469
Latest 990 filing: Form 990-PF, 2024
Annual giving (2024): $1,187,295
Grants made (2024): 16
Average grant: $74,206
Median grant: $49,692
New grantees (estimate): 7% first-time grantees (1 of 15, 2024)
Total assets: $23,662,953
Primary geography: Texas (100% of itemized 2024 grant dollars)
Accepts unsolicited proposals: No
How to apply: The foundation operates on an invite-only basis and does not accept unsolicited applications. Full details ↓

Data from IRS Form 990-PF, 2024; updated September 2026. New grantees are estimated by matching recipient names across years (methodology). Application details from Grantable's research on the foundation's public materials; confirm on its website before applying.

Who Meredith Foundation funds

By grant dollars, the top recipient states for Meredith Foundation's 16 itemized 2024 grants were Texas (100%). The most frequent recipient cities were Mineola, TX (15 grants). 6% of grants with a stated purpose were for general or operating support. Recurring purposes include "Contributions" (14 grants).

Is Meredith Foundation open to new grantees?

first-time grantees, 2024

In 2024, 1 of 15 grantees (7%) were first-time recipients. First grants averaged $7K; repeat grants $84K. How we count

Medians: $7K first-time, $58K repeat.

93% of 2024 grantees were also funded in 2023. Method
Giving held roughly steady from 2021 to 2024 (+18%). Method
In 2024 it paid out 85% of its IRS minimum distribution (the 5% rule). Foundations have until the end of the next year to meet it. Method

Estimate from itemized IRS Form 990-PF grant lists (2020–2024). Recipient names are matched across years, so a renamed or misspelled grantee can look new; grants to individuals are left out. Methodology.

Next steps with Meredith Foundation

How to evaluate Meredith Foundation as a funder
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Financial Overview

From 2024 IRS Form 990-PF · View filing

Total Assets

$23.7M

+9.1% YoY

Annual Giving

$1.2M

-15.8% YoY

Grant Count

+0.0% YoY

Avg Grant Size

$74K

-15.8% YoY

Under IRS private-foundation payout rules, Meredith Foundation reported a distributable amount of $1.5M for 2024 — the minimum it must pay out in qualifying distributions.

Research compiled by Grantable AI from public sources. Last updated April 2026.

Mission & Focus Areas

The foundation's giving priorities include:

Civic projects
Children and youth services
Social services
Cultural projects
Library support

Grantmaking

Grant Range

$2,000–$325,300

Average Grant

$51,000–$325,300

How to Apply

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Geographic Focus

Where this funder awards grants

The foundation restricts its grantmaking to Texas, with a primary focus on organizations serving Mineola and the Mineola Independent School District area.

Grant Distribution by State

Texas $1.2M (100%)

Share of all 16 itemized 2024 grant dollars.

States

Texas

Cities

MineolaWacoTyler

Financial History

Multi-year comparison from IRS filings

Assets:

$21.7–$23.7 million (as of 2023–2024)

Annual Giving:

$1.19–$1.51 million in recent years

Giving Rate:

Approximately 6.5% of assets

Financial Position (2023):

Total revenue: $1.51 million
Total expenses: $1.64 million
Total liabilities: $11,200

Revenue

Expenses

Qualifying Distributions

Net Investment Income

Metric	2024	2023	2022
Total Assets	$23,662,953	$21,684,954	$21,805,692
Revenue	$3,400,170	$1,509,512	$1,594,794
Expenses	$1,460,133	$1,639,182	$1,360,189
Qualifying Distributions	$1,248,496	$1,474,132	$1,204,030
Net Investment Income	$3,196,655	$1,364,115	$1,435,729
Distributable Amount	$1,472,371	$1,385,771	$1,415,990

Data update history

When this profile's IRS filing data changed on Grantable

March 3, 2026 IRS filings on file for fiscal years 2020–2024

Giving Over Time

Total grant dollars and number of grants per year

Grant Insights

How this funder distributes its grants

Top Recipients

Top 10 recipients in 2024

Grant Size Distribution

74 grants across all recorded years

Giving History

Grant recipients and amounts by year

Among its reported 2024 grants, the largest recipients include City of Mineola ($257,022), Mineola Civic Center ($225,000), Mineola Memorial Library ($176,421).

Recipient	Purpose	Amount
CITY OF MINEOLA Mineola, TX	MUSEUM OPERATING EXPENSES	$257,022
MINEOLA CIVIC CENTER Mineola, TX	CONTRIBUTIONS	$225,000
MINEOLA MEMORIAL LIBRARY Mineola, TX	CONTRIBUTIONS	$176,421
MINEOLA ISD Mineola, TX	CONTRIBUTIONS	$154,738
LAKE COUNTRY PLAYHOUSE Mineola, TX	CONTRIBUTIONS	$84,894
GRACE COMMUNITY HEALTHCARE Mineola, TX	CONTRIBUTIONS	$69,000
MINEOLA LEAGUE OF ARTS Mineola, TX	CONTRIBUTIONS	$57,950
ADDIE E MCFARLAND FOUNDATION Mineola, TX	CONTRIBUTIONS	$57,912
MINEOLA YOUTH FOUNDATION Mineola, TX	CONTRIBUTIONS	$41,471
APETSPCA Mineola, TX	CONTRIBUTIONS	$22,886

Leadership & Key People

Officers and directors from IRS filings

Compensation Overview

No officer or director reported compensation in the available filings.

From 2024 IRS filing

Name	Title	Hours	Compensation
Robin Averett	Trustee	—	—
Freda Madsen	Vice Chairman	—	—
Jerry Phillips	Trustee	—	—
Demethrius Boyd	Trustee	—	—
Joe Williams	Sec/Treasurer	—	—
Bob Smith	Chairman	—	—

Recent News & Activity

Recent developments and announcements

2020

In 2020, the Meredith Foundation distributed $1,475,378 across 14 qualified organizations, including:

Meredith Foundation awards almost $1.5 million in grants | Wood County Monitor

Mineola Senior Citizen Center

Mineola Community Chest

Methodist Children's Home

Mineola Youth Foundation

Mineola League of the Arts

Mineola Memorial Library

Mineola ISD Education Foundation

Mineola ISD

Mineola Civic Center

Lake Country Playhouse/Select Theater

Grace Community Healthcare

City of Mineola

APET/SPCA

Addie McFarland Foundation

Frequently Asked Questions

What does Meredith Foundation fund?

The foundation's giving priorities include: • Civic projects • Children and youth services • Social services • Cultural projects • Library support

How do I apply for a grant from Meredith Foundation?

The foundation operates on an invite-only basis and does not accept unsolicited applications. Eligibility and process details are in the grantmaking section of this profile. See how to apply ↑

Where does Meredith Foundation make grants?

The foundation restricts its grantmaking to Texas, with a primary focus on organizations serving Mineola and the Mineola Independent School District area.

What size grants does Meredith Foundation award?

In 2024, Meredith Foundation awarded 16 grants totaling $1.2M — an average of about $74K per grant, based on its IRS Form 990 filings.

How much is Meredith Foundation required to give away each year?

Private foundations must generally distribute about 5% of their assets annually. For 2024, Meredith Foundation reported a distributable amount of $1.5M on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.