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
Under IRS private-foundation payout rules, Mfi Foundation reported a distributable amount of $1.5M for 2024 — the minimum it must pay out in qualifying distributions.
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
Among its reported 2024 grants, the largest include People's Fund ($150,000), Planned Parenthood of Greater Texas ($109,450), Ecoamerica ($100,000).
| Recipient | Purpose | Amount |
|---|---|---|
| AMERICAN CANCER SOCIETY ATLANTA, GA | TO SUPPORT ORGANIZATION'S EXEMPT PURPOSE | $2,000 |
| ANDY TALLEY BONE MARROW FOUNDATION DEVON, PA | TO SUPPORT ORGANIZATION'S EXEMPT PURPOSE | $5,000 |
| ANN RICHARDS SCHOOL FOUNDATION AUSTIN, TX | TO SUPPORT ORGANIZATION'S EXEMPT PURPOSE | $2,000 |
| ANTI-DEFAMATION LEAGUE NEW YORK, NY | TO SUPPORT ORGANIZATION'S EXEMPT PURPOSE | $2,425 |
| ASSN OF FUNDRAISING PROFESSIONALS GREATER AUSTIN CHAPTER AUSTIN, TX | TO SUPPORT ORGANIZATION'S EXEMPT PURPOSE | $2,500 |
| AUSTIN CHILD GUIDANCE CENTER AUSTIN, TX | TO SUPPORT ORGANIZATION'S EXEMPT PURPOSE | $10,000 |
| AUSTIN COMMUNITY FOUNDATION AUSTIN, TX | TO SUPPORT ORGANIZATION'S EXEMPT PURPOSE | $5,000 |
| AUSTIN PUBLIC LIBRARY FRIENDS FOUNDATION AUSTIN, TX | TO SUPPORT ORGANIZATION'S EXEMPT PURPOSE | $1,000 |
| AUSTIN SPEECH LABS AUSTIN, TX | TO SUPPORT ORGANIZATION'S EXEMPT PURPOSE | $1,750 |
| CARITAS OF AUSTIN AUSTIN, TX | TO SUPPORT ORGANIZATION'S EXEMPT PURPOSE | $65,000 |
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
Frequently Asked Questions
What does Mfi Foundation fund?
The foundation's giving priorities include: • Arts • Education • Children and youth services • Human services • Children's hospital support
How do I apply for a grant from Mfi Foundation?
**Grant Activity:** • Total giving in 2024: $1,393,092 • Total giving in 2023: $1,155,850 (across 63 grants) • Typical award range: $250–$154,000 **Recent Grantees (2023):** • Planned Parenthood of Greater Texas ($110,000) • Austin Community Foundation ($106,000) • Ecoamerica ($100,000) • Waterloo Greenway Conservancy
Where does Mfi Foundation make grants?
The foundation primarily funds organizations in Texas, Virginia, and Pennsylvania, with a particular emphasis on serving the Austin community.
What size grants does Mfi Foundation award?
In 2024, Mfi Foundation awarded 71 grants totaling $1.4M — an average of about $20K per grant, based on its IRS Form 990 filings.
How much is Mfi Foundation required to give away each year?
Private foundations must generally distribute about 5% of their assets annually. For 2024, Mfi Foundation reported a distributable amount of $1.5M on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.
What is Mfi Foundation's EIN?
Mfi Foundation's EIN (Employer Identification Number) is 74-2882442. IRS Form 990 filing data is available on this page for 2020–2024.
Explore Open Grants
Browse active grant opportunities in Mfi Foundation's focus areas in our free grants database
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Data last updated June 2026. Sourced from IRS Form 990-PF filings. Research dossier generated April 2026.
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