Mgm Charitable Scholarship Tr is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in PADUCAH, KY. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $506K in total assets. In 2024, it awarded 25 grants totaling $37K. Net investment income was $3K.
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$506K
-10.1% YoY
Annual Giving
$37K
-0.4% YoY
Grant Count
25
+0.0% YoY
Avg Grant Size
$1K
-0.4% YoY
Under IRS private-foundation payout rules, Mgm Charitable Scholarship Tr reported a distributable amount of $26K for 2024 — the minimum it must pay out in qualifying distributions.
About Mgm Charitable Scholarship Tr
Based on IRS filings
Mgm Charitable Scholarship Tr is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in PADUCAH, KY. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $506K in total assets. In 2024, it awarded 25 grants totaling $37K. Net investment income was $3K.
Focus Areas
Ready to take the next step with Mgm Charitable Scholarship Tr?
Geographic Focus
Where this funder awards grants
Grant Distribution by State
Cities
Financial History
Multi-year comparison from IRS filings
| Metric | 2024 | 2023 | 2022 |
|---|---|---|---|
| Total Assets | $506,078 | $563,091 | $614,899 |
| Revenue | $8,135 | $8,410 | $114,732 |
| Expenses | $65,148 | $60,218 | $78,948 |
| Qualifying Distributions | $65,148 | $60,218 | $78,948 |
| Net Investment Income | $2,524 | $2,941 | $9,257 |
| Distributable Amount | $26,294 | $28,876 | $32,175 |
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
124 grants across all recorded years
Giving History
Grant recipients and amounts by year
Among its reported 2024 grants, the largest include Mccracken County High School ($10,000), University of South Florida ($5,000), University of Kentucky ($2,000).
| Recipient | Purpose | Amount |
|---|---|---|
| UNIVERSITY OF LOUISVILLE LOUISVILLE, KY | EDUCATIONAL SCHOLARSHIP FOR KAAMRAAN IQBAL | $1,000 |
| NORTHWESTERN UNIVERSITY EVANSTON, IL | EDUCATIONAL SCHOLARSHIP FOR MADELINE KERR | $1,000 |
| MURRAY STATE UNIVERSITY MURRAY, KY | EDUCATIONAL SCHOLARSHIP FOR ANSLEY GOLIGHTLY | $500 |
| MURRAY STATE UNIVERSITY MURRAY, KY | EDUCATIONAL SCHOLARSHIP FOR ALAYA MURPHY | $500 |
| UNIVERSITY OF MEMPHIS MEMPHIS, TN | EDUCATIONAL SCHOLARSHIP FOR GRACE BAKEHOUSE | $1,000 |
| MISSISSIPPI STATE UNIVERSITY MISSISSIPPI STATE, MS | EDUCATIONAL SCHOLARSHIP FOR BAILEY BOWLAND | $1,000 |
| UNIVERSITY OF KENTUCKY LEXINGTON, KY | EDUCATIONAL SCHOLARSHIP FOR JOSIAH BAUMER | $1,000 |
| UNIVERSITY OF KENTUCKY LEXINGTON, KY | EDUCATIONAL SCHOLARSHIP FOR NATALIE LANSDEN | $1,000 |
| UNIVERSITY OF KENTUCKY LEXINGTON, KY | EDUCATIONAL SCHOLARSHIP FOR HILLARY HOLLOWELL | $2,000 |
| MURRAY STATE UNIVERSITY MURRAY, KY | EDUCATIONAL SCHOLARSHIP FOR BRIAH COOK | $2,000 |
Leadership & Key People
Officers and directors from IRS filings
Compensation Overview
From 2024 IRS filing
From 2024 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| LAXMAIAH MANCHIKANTI MD | DONOR TRUSTEE | — | — |
| MURALI MANCHIKANTI | TRUSTEE | — | — |
| RAM MANCHIKANTI | TRUSTEE | — | — |
Subject Areas
Focus areas based on grantmaking activity
Frequently Asked Questions
What is Mgm Charitable Scholarship Tr?
Mgm Charitable Scholarship Tr is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in PADUCAH, KY. It holds $506K in total assets as of 2024.
How large is Mgm Charitable Scholarship Tr?
As of 2024, Mgm Charitable Scholarship Tr holds $506K in total assets with $8K in annual revenue. It awarded 25 grants totaling $37K in 2024.
Where does Mgm Charitable Scholarship Tr operate?
Mgm Charitable Scholarship Tr has awarded grants in Alabama, California, Connecticut, Georgia, Illinois, Kentucky, Louisiana, Mississippi, Tennessee, Texas, Utah.
What size grants does Mgm Charitable Scholarship Tr award?
In 2024, Mgm Charitable Scholarship Tr awarded 25 grants totaling $37K — an average of about $1K per grant, based on its IRS Form 990 filings.
How much is Mgm Charitable Scholarship Tr required to give away each year?
Private foundations must generally distribute about 5% of their assets annually. For 2024, Mgm Charitable Scholarship Tr reported a distributable amount of $26K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.
What is Mgm Charitable Scholarship Tr's EIN?
Mgm Charitable Scholarship Tr's EIN (Employer Identification Number) is 61-6264013. IRS Form 990 filing data is available on this page for 2020–2024.
Explore Open Grants
Browse active grant opportunities in Mgm Charitable Scholarship Tr's focus areas in our free grants database
Related Funders
Similar funders by location and focus area
Mildred H Dunning Memorial Fund Trust
LEXINGTON, KY
Assets
$4.3M
Grants
3
Total Given
$209K
Sam Swope Family Foundation Inc
PEWEE VALLEY, KY
Assets
$16.5M
Grants
13
Total Given
$1.2M
Julius Friedman Foundation Inc
PROSPECT, KY
Assets
$194K
Grants
1
Total Given
$10K
Pauline C Young Scholarship
LEXINGTON, KY
Assets
—
Grants
0
Total Given
—
Welcome House Inc
COVINGTON, KY
Assets
$15.7M
Grants
1
Total Given
$405K
Tw Hl & Ns Donovan Scholarship
LEXINGTON, KY
Assets
$673K
Grants
2
Total Given
$36K
Data last updated April 2026. Sourced from IRS Form 990-PF filings.
What could you do with Mgm Charitable Scholarship Tr on Grantable?
- Assess strategic fit with your organization
- Draft a tailored letter of inquiry
- Find open RFPs from this funder
- Monitor for new funding opportunities
Go from researching Mgm Charitable Scholarship Tr to a real strategy.