MGM Foundation Inc is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in CONROE, TX. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $1.0M in total assets. In 2024, it awarded 1 grants totaling $2K. Net investment income was $115K.
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$1.0M
+16.8% YoY
Annual Giving
$2K
Grant Count
1
Avg Grant Size
$2K
About MGM Foundation Inc
Based on IRS filings
MGM Foundation Inc is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in CONROE, TX. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $1.0M in total assets. In 2024, it awarded 1 grants totaling $2K. Net investment income was $115K.
Focus Areas
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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 | $1,041,486 | $891,500 | $772,899 |
| Revenue | $124,485 | $21,230 | $29,144 |
| Expenses | $11,119 | $7,851 | $179,919 |
| Qualifying Distributions | $2,000 | — | $58,135 |
| Net Investment Income | $115,366 | $5,825 | — |
| Distributable Amount | $35,646 | $35,326 | $33,760 |
Giving Over Time
Total grant dollars and number of grants per year
Grant Insights
How this funder distributes its grants
Top Recipients
Top 1 recipients in 2024
Grant Size Distribution
12 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 |
|---|---|---|---|
| Kevin G Mims | Director | 2 | — |
| Robert G Mims | Director | 2 | — |
| Katherine Mims | Director | 20 | — |
Subject Areas
Focus areas based on grantmaking activity
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Data last updated April 2026. Sourced from IRS Form 990-PF filings.
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