Mims Memorial Trust
Mims Memorial Trust is a private foundation, based in Abilene, TX. IRS filing data is available from 2024 through 2025. As of 2025, the organization holds $3.8M in total assets. In 2025, it awarded 5 grants totaling $119K. Net investment income was $292K.
Mims Memorial Trust at a glance
In short: Mims Memorial Trust gave $119K across 5 grants in 2025 (avg $24K), mostly in Texas. Source: 2025 IRS Form 990-PF.
- Annual giving (2025)
- $119,000
- +13.3% vs 2024
- Grants made (2025)
- 5
- +0.0% vs 2024
- Average grant
- $23,800
- +13.3% vs 2024
- Median grant
- $23,800
- Total assets
- $3,753,379
- +3.3% vs 2024
- Primary geography
- Texas (100% of itemized 2025 grant dollars)
- Latest 990 filing
- Form 990-PF, 2025 View filing
Data from IRS Form 990-PF, 2025; updated September 2026.
Who Mims Memorial Trust funds
How this funder distributes its grants
Top Recipients
Top 5 recipients in 2025
The largest 2025 recipient was Buckners Children & Family Services Inc ($36K). Together the top 5 received $119K.
Grant Size Distribution
10 grants across all recorded years
The most common grant size was under $50K: 10 grants of 10 (100%).
Geographic Focus
Where this funder awards grants
Grant Distribution by State
Share of 2025 grant dollars across all 5 itemized grants.
States
Cities
How Mims Memorial Trust gives
- In 2025 it paid out 55% of its IRS minimum distribution (the 5% rule). Foundations have until the end of the next year to meet it. Method
From the foundation's IRS Form 990-PF filings. Methodology.
Giving History
Giving Over Time
Total grant dollars and number of grants per year
From 2024 to 2025, annual grant giving ranged from $105K (2024) to $119K (2025). In 2025 it made 5 grants totaling $119K.
Grants by year
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| Buckners Children & Family Services Inc Dallas, TX | Benefit of Children | $35,700 |
| Texas Scottish Rite Hospital for Children Dallas, TX | Benefit of Children | $35,700 |
| Methodist Childrens Home Waco, TX | Benefit of Orphans | $23,800 |
| Hendrick Home for Children Abilene, TX | Benefit of Children | $11,900 |
| West Texas Rehabilitation Center Abilene, TX | Benefit of Children | $11,900 |
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Financial History
Multi-year comparison from IRS filings
| Filing year | Total Assets | Revenue | Expenses | Grants paid | Grants | Qualifying Distributions | Net Investment Income | Distributable Amount |
|---|---|---|---|---|---|---|---|---|
| 2025 | $3,753,379 | $338,164 | $181,522 | $119,000 | 5 | $119,000 | $291,905 | $217,013 |
| 2024 | $3,632,865 | $533,797 | $165,720 | $105,000 | 5 | $105,000 | $480,016 | $187,461 |
Under IRS private-foundation payout rules, Mims Memorial Trust reported a distributable amount of $217K for 2025 — the minimum it must pay out in qualifying distributions.
Leadership & Key People
Officers and directors from IRS filings
Mims Memorial Trust's only listed officer is Mike Warren AT Prosperity Bank, Trustee on every filing since 2024 (compensated).
Officers on the 2025 filing
Mike Warren AT Prosperity Bank
Trustee
On filings since 2024
1 hr/week
$28K (2024) → $29K (2025)
Data from IRS Form 990 filings, 2024–2025. "On filings since" is the earliest filing we hold that lists the person; hours are average hours per week as reported.
Compensation Overview
From 2025 IRS filing
The highest reported compensation on the 2025 filing was $29K, to Mike Warren at Prosperity Bank (Trustee).
Frequently asked questions about Mims Memorial Trust
How much does Mims Memorial Trust give each year?
Mims Memorial Trust gave $119K across 5 grants in 2025, according to its 2025 IRS Form 990-PF. In 2024 it gave $105K across 5 grants.
What is Mims Memorial Trust's typical grant size?
Mims Memorial Trust's median grant in 2025 was $23,800, and its average grant was $23,800, across 5 grants on its 2025 IRS Form 990-PF.
Where does Mims Memorial Trust give grants?
Mims Memorial Trust gives mostly in Texas: 100% of the grant dollars itemized on its 2025 IRS Form 990-PF went to recipients there. The most frequent recipient cities were Dallas, TX (2 grants) and Abilene, TX (2 grants).
Does Mims Memorial Trust give general operating support?
Not in 2025: none of the 5 grants with a stated purpose on Mims Memorial Trust's 2025 IRS Form 990-PF were described as general or operating support. Recurring purposes include "Benefit of Children" (4 grants).
Who are Mims Memorial Trust's largest grantees?
Mims Memorial Trust's largest 2025 grantees include Buckners Children & Family Services Inc ($35,700), Texas Scottish Rite Hospital for Children ($35,700) and Methodist Childrens Home ($23,800), according to its 2025 IRS Form 990-PF. Together they received 80% of its itemized 2025 grant dollars.
How large is Mims Memorial Trust?
Mims Memorial Trust reported $3.8M in total assets on its 2025 IRS Form 990-PF. It paid out $119K in qualifying distributions that year, against a required minimum of $217K (roughly 5% of its investment assets). Falling short in one year is not a violation: foundations have until the end of the next year to meet the minimum.
What is Mims Memorial Trust's EIN?
Mims Memorial Trust's EIN (Employer Identification Number) is 75-6615388. IRS Form 990 filing data is available on this page for 2024–2025.
Data last updated September 2026. Sourced from IRS Form 990-PF filings.
Data update history
(2)
When this profile's IRS filing data changed on Grantable
- Added Form 990-PF for fiscal year 2024 (received by the IRS November 17, 2025)
- Added Form 990-PF for fiscal year 2025 (received by the IRS May 12, 2026)
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