MFI Foundation
MFI Foundation is a private foundation based in Austin, Texas. Its 2024 grants supported organizations including Texas nonprofits and educational institutions, as well as organizations working in civic engagement, climate solutions, human services, and other areas.
MFI Foundation at a glance
In short: MFI Foundation gave $1.4M across 71 grants in 2024 (avg $20K), mostly in Texas. 28% of 2024 grantees were new. Source: 2024 IRS Form 990-PF.
- Annual giving (2024)
- $1,393,092
- +14.1% vs 2023
- Grants made (2024)
- 71
- +22.4% vs 2023
- Average grant
- $19,621
- -6.8% vs 2023
- Median grant
- $5,000
- Total assets
- $29,543,094
- +3.8% vs 2023
- New grantees (estimate)
- 28% first-time grantees (20 of 71, 2024)
- Primary geography
- Texas (72% of itemized 2024 grant dollars)
- Latest 990 filing
- Form 990-PF, 2024 View filing
Data from IRS Form 990-PF, 2024; updated October 2026. New grantees are estimated by matching recipient names across years (methodology).
How to apply to MFI Foundation
- Accepts unsolicited proposals
- No
- How to Apply
-
The foundation makes contributions only to preselected charitable organizations and does not accept unsolicited requests for funds.
- Contact
Mailing address: PO Box 2146, Austin, TX 78768
Phone: (512) 732-2544
Application details from Grantable's research on the foundation's public materials; confirm on its website before applying.
Who MFI Foundation funds
How this funder distributes its grants
Top Recipients
Top 10 recipients in 2024
The largest 2024 recipient was The University of Texas at Austin ($154K). Together the top 10 received $954K.
Grant Size Distribution
309 grants across all recorded years
The most common grant size was under $50K: 271 grants of 309 (88%).
Geographic Focus
Where this funder awards grants
In 2024, Texas recipients received 72% of grant dollars. California recipients received 9%, recipients in Washington, DC received 7%, New York recipients received 4%, and Virginia recipients received 3%.
Grant Distribution by State
Share of 2024 grant dollars across all 71 itemized grants.
States
Cities
Is MFI Foundation open to new grantees?
28%
first-time grantees, 2024
In 2024, 20 of 71 grantees (28%) were first-time recipients. First grants averaged $16K; repeat grants $21K. How we count
Medians: $2K first-time, $10K repeat.
- 63% of 2024 grantees were also funded in 2023. Method
- Giving grew 36% from 2021 to 2024. Method
- In 2024 it paid out 104% of its IRS minimum distribution (the 5% rule). Method
Estimate from itemized grant lists in IRS Form 990-PF filings (2020–2024). Recipient names are matched across years, so a renamed or misspelled grantee can look new; grants to individuals are left out. Methodology.
Giving History
Giving Over Time
Total grant dollars and number of grants per year
From 2020 to 2024, annual grant giving ranged from $655K (2020) to $1.4M (2024). In 2024 it made 71 grants totaling $1.4M.
Grants by year
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| The University of Texas at Austin Austin, TX | To Support Organization's Exempt Purpose | $154,000 |
| People's Fund Austin, TX | To Support Organization's Exempt Purpose | $150,000 |
| Planned Parenthood of Greater Texas Austin, TX | To Support Organization's Exempt Purpose | $109,450 |
| Ecoamerica Washington, DC | To Support Organization's Exempt Purpose | $100,000 |
| Equality Texas Austin, TX | To Support Organization's Exempt Purpose | $100,000 |
| Nextgen Education Fund Sacramento, CA | To Support Organization's Exempt Purpose | $100,000 |
| Waterloo Greenway Conservancy Austin, TX | To Support Organization's Exempt Purpose | $75,500 |
| Caritas of Austin Austin, TX | To Support Organization's Exempt Purpose | $65,000 |
| Center for Reproductive Rights New York, NY | To Support Organization's Exempt Purpose | $50,000 |
| Echo Austin, TX | To Support Organization's Exempt Purpose | $50,000 |
Ready to take the next step with MFI Foundation?
Financial History
Multi-year comparison from IRS filings
| Filing year | Total Assets | Revenue | Expenses | Grants paid | Grants | Qualifying Distributions | Net Investment Income | Distributable Amount |
|---|---|---|---|---|---|---|---|---|
| 2024 | $29,543,094 | $1,592,380 | $1,764,361 | $1,393,092 | 71 | $1,544,889 | $1,409,404 | $1,487,529 |
| 2023 | $28,468,573 | $1,714,215 | $1,531,798 | $1,221,050 | 58 | $1,324,516 | $1,530,947 | $1,352,919 |
| 2022 | $26,154,415 | $1,659,292 | $1,201,371 | $968,932 | 56 | $984,629 | $1,471,223 | $1,350,149 |
| 2021 | $29,084,970 | $1,753,718 | $1,283,465 | $1,024,320 | 60 | $1,024,320 | $1,223,711 | $1,355,238 |
| 2020 | $25,716,398 | $694,215 | $849,921 | $655,435 | 64 | — | $496,502 | $1,180,637 |
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.
Research compiled by Grantable AI from public sources. Last updated September 2026.
Mission & Focus Areas
No mission statement for the foundation is provided. Its 2024 grants show support for organizations with varied missions. For example, NextGen Education Fund describes its mission as educating and empowering young Americans through voting and civic engagement; ecoAmerica says it works to move society toward climate solutions; and Waterloo Greenway Conservancy describes its mission as creating and maintaining urban parks around a restored Waller Creek. Caritas of Austin says it provides housing and tailored services to prevent and end homelessness.
Grantmaking
In 2024, the foundation reported 71 grants totaling $1,393,092. Grant amounts ranged from $500 to $154,000, with a median of $5,000.
Among the largest grants were $154,000 to The University of Texas at Austin, $150,000 to People’s Fund, $109,450 to Planned Parenthood of Greater Texas, and $100,000 each to ecoAmerica, Equality Texas, and NextGen Education Fund. Waterloo Greenway Conservancy received $75,500, and Caritas of Austin received $65,000. The stated purpose for these grants was to support each organization’s exempt purpose.
Leadership & Key People
Leadership team and compensation from IRS filings
The 2024 filing lists Thomas J Meredith, Lynn M Meredith, William B Meredith, Kathryn M Andrade, Sarah M Wells, and Abigail M Armistead as directors.
MFI Foundation's 2024 filing lists 6 officers; 1 of 6 officers listed in 2024 is compensated.
Officers on the 2024 filing
Abigail M. Armistead
Director
On filings since 2021
1 hr/week
$361 (2023) → $0 (2024)
Kathryn M. Andrade
Director
On filings since 2022
30 hrs/week
$16K (2022) → $147K (2024)
Lynn M. Meredith
Director
On filings since 2020
10 hrs/week
No compensation reported
Sarah M. Wells
Director
On filings since 2020
1 hr/week
No compensation reported
Thomas J. Meredith
Director
On filings since 2020
2 hrs/week
No compensation reported
William B. Meredith
Director
On filings since 2020
1 hr/week
No compensation reported
Former officers (2)
- Former: Katherine M. Andrade (2020–2021) — Director
- Former: Abigail Meredith (2020) — Director
Data from IRS Form 990 filings, 2020–2024. "On filings since" is the earliest filing we hold that lists the person; hours are average hours per week as reported.
Compensation Overview
From 2024 IRS filing
The highest reported compensation on the 2024 filing was $147K, to Kathryn M Andrade (Director).
Frequently asked questions about MFI Foundation
How much does MFI Foundation give each year?
MFI Foundation gave $1.4M across 71 grants in 2024, according to its 2024 IRS Form 990-PF. In 2023 it gave $1.2M across 58 grants.
What is MFI Foundation's typical grant size?
MFI Foundation's median grant in 2024 was $5,000, and its average grant was $19,621, across 71 grants on its 2024 IRS Form 990-PF. Organizations receiving their first grant from MFI Foundation that year got $16K on average.
Where does MFI Foundation give grants?
MFI Foundation gives mostly in Texas: 72% of the grant dollars itemized on its 2024 IRS Form 990-PF went to recipients there. The next largest states were California (9%) and District of Columbia (7%). The most frequent recipient cities were Austin, TX (45 grants), New York, NY (3 grants), Philadelphia, PA (3 grants) and Charlottesville, VA (3 grants).
Who are MFI Foundation's largest grantees?
MFI Foundation's largest 2024 grantees include The University of Texas at Austin ($154,000), People's Fund ($150,000) and Planned Parenthood of Greater Texas ($109,450), according to its 2024 IRS Form 990-PF. Together they received 30% of its itemized 2024 grant dollars.
How large is MFI Foundation?
MFI Foundation reported $29.5M in total assets on its 2024 IRS Form 990-PF. It paid out $1.5M in qualifying distributions that year, against a required minimum of $1.5M (roughly 5% of its investment assets).
What does MFI Foundation fund?
No mission statement for the foundation is provided. Its 2024 grants show support for organizations with varied missions. See mission & focus areas ↑
How do I apply for a grant from MFI Foundation?
The foundation makes contributions only to preselected charitable organizations and does not accept unsolicited requests for funds. Eligibility and process details are in the grantmaking section of this profile. See how to apply ↑
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.
Does MFI Foundation accept unsolicited proposals?
No, according to Grantable's research on the foundation's published guidelines. See how to apply ↑
Data last updated October 2026. Sourced from IRS Form 990-PF filings. Research dossier generated September 2026.
Data update history
(1)
When this profile's IRS filing data changed on Grantable
- IRS filings on file for fiscal years 2020–2024
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Cite this profile
Grantable. (2026). MFI Foundation funder profile. GrantGraph. Retrieved October 12, 2026, from https://grantable.co/funders/mfi-foundation-morg_b33c70543cd143af95a20e14145f2062
BibTeX
@misc{grantable_742882442_2026,
author = {{Grantable}},
title = {{MFI Foundation funder profile}},
howpublished = {GrantGraph},
year = {2026},
url = {https://grantable.co/funders/mfi-foundation-morg_b33c70543cd143af95a20e14145f2062},
note = {Accessed 2026-10-12. Data licensed CC BY 4.0}
}The figures on this page are open data under CC BY 4.0: reuse them with credit to Grantable and a link. Download the data.
Figures come from MFI Foundation's IRS filings (methodology). AI-written summaries, news items and logos are not covered by the open licence. Spot an error? Email hello@grantable.co.
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