MFI Foundation is a private family foundation based in Austin, Texas, established in 1998. The foundation is dedicated to serving the needs of the Austin community and beyond through philanthropic grantmaking across multiple sectors.
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$29.5M
+3.8% YoY
Annual Giving
$1.4M
+14.1% YoY
Grant Count
71
+22.4% YoY
Avg Grant Size
$20K
-6.8% YoY
Mission & Focus Areas
The foundation's giving priorities include:
- Arts
- Education
- Children and youth services
- Human services
- Children's hospital support
Grantmaking
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Geographic Focus
Where this funder awards grants
The foundation primarily funds organizations in Texas, Virginia, and Pennsylvania, with a particular emphasis on serving the Austin community.
Grant Distribution by State
States
Cities
Financial History
Multi-year comparison from IRS filings
As of 2024:
- Total assets: $29,543,094
- Total giving: $1,393,092
- Total expenses: $1,760,000
- Total revenue: $1,590,000
- Total liabilities: $0
As of 2023:
- Total assets: $28,468,573
- Total revenues: $1,714,215
- Total expenses: $1,531,798
- Investment income and dividends: $519,271
- Net gain from sale of non-inventory assets: $1,229,388
| Metric | 2024 | 2023 | 2022 |
|---|---|---|---|
| Total Assets | $29,543,094 | $28,468,573 | $26,154,415 |
| Revenue | $1,592,380 | $1,714,215 | $1,659,292 |
| Expenses | $1,764,361 | $1,531,798 | $1,201,371 |
| Qualifying Distributions | $1,544,889 | $1,324,516 | $984,629 |
| Net Investment Income | $1,409,404 | $1,530,947 | $1,471,223 |
| Distributable Amount | $1,487,529 | $1,352,919 | $1,350,149 |
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
250 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 |
|---|---|---|---|
| THOMAS J MEREDITH | DIRECTOR | 2 | — |
| LYNN M MEREDITH | DIRECTOR | 10 | — |
| WILLIAM B MEREDITH | DIRECTOR | 1 | — |
| KATHRYN M ANDRADE | DIRECTOR | 30 | $147,134 |
| SARAH M WELLS | DIRECTOR | 1 | — |
| ABIGAIL M ARMISTEAD | DIRECTOR | 1 | — |
Subject Areas
Focus areas based on grantmaking activity
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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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