Meredith Foundation
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.
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
16
+0.0% YoY
Avg Grant Size
$74K
-15.8% YoY
Mission & Focus Areas
The foundation's giving priorities include:
- Civic projects
- Children and youth services
- Social services
- Cultural projects
- Library support
Grantmaking
The foundation operates on an invite-only basis and does not accept unsolicited applications.
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
States
Cities
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
| 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 |
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
No grants recorded for .
Leadership & Key People
Officers and directors from IRS filings
Compensation Overview
From 2024 IRS filing
From 2024 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
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 MonitorMineola 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
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Data last updated April 2026. Sourced from IRS Form 990-PF filings. Research dossier generated April 2026.
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