Mississippi Power Foundation Inc
Mississippi Power Foundation Inc. is a private corporate foundation based in Gulfport, Mississippi. Established in 1998, the foundation operates as a 501(c)(3) tax-exempt organization with a mission centered on philanthropic giving and community support. The foundation's giving strategy is guided by priorities identified by customers and communities served, with a focus on making communities better places to live, work, and play.
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$46.3M
+11.6% YoY
Annual Giving
$3.4M
+57.5% YoY
Grant Count
72
-25.8% YoY
Avg Grant Size
$47K
+112.2% YoY
Mission & Focus Areas
The foundation's primary funding areas include:
- Education
- Community relations
- Economic development
- Environmental efforts
- COVID-19 community relief efforts
- Heritage scholarships
The foundation's earnings from investments are used to fund gifts to various nonprofits throughout its service regions.
Grantmaking
No submission deadlines are specified. Awards cannot be granted to organizations that do not meet certain eligibility criteria.
Grant Range
$5,000
Average Grant
award: $17,000
Review Cycle
are specified. Awards cannot be granted to organizations that do not meet certain eligibility criteria.
How to Apply
**
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Geographic Focus
Where this funder awards grants
The foundation primarily supports organizations in Mississippi, with grantmaking concentrated in the state. The foundation has supported 185 unique organizations across 12 states, with Mississippi, New York, and Georgia accounting for 94% of all grants.
Grant Distribution by State
States
Cities
Financial History
Multi-year comparison from IRS filings
Assets & Revenue:
- Total assets: $46,280,081 (2024)
- Total assets: $41.5 million (2023)
- Total assets: $17.65 million (2012)
- Total revenues: $4,140,815 (2024)
- Total expenses: $3,870,887 (2024)
- Annual income: $24.2 million
Asset Growth: Total assets have grown significantly from $17.6 million in 2011 to $46.3 million in 2024, demonstrating substantial growth in the foundation's endowment.
| Metric | 2024 | 2023 | 2022 |
|---|---|---|---|
| Total Assets | $46,280,081 | $41,453,906 | $36,357,553 |
| Revenue | $4,140,815 | $4,285,011 | $-474,889 |
| Expenses | $3,870,887 | $2,785,962 | $1,743,558 |
| Qualifying Distributions | $3,610,933 | $2,533,249 | $1,467,192 |
| Net Investment Income | $1,117,929 | $921,653 | $824,240 |
| Distributable Amount | $2,210,003 | $1,951,187 | $1,914,170 |
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
No grants recorded for .
Leadership & Key People
Leadership team and compensation from IRS filings
Rebecca Montgomery serves as the principal officer of the foundation. The foundation is governed by 9 officers and trustees.
Compensation Overview
From 2024 IRS filing
From 2024 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| TOMMY MURPHY | BOARD MEMBER | — | — |
| GIFF ORMES | PRESIDENT | — | — |
| SHAWN SHURDEN | SECRETARY | — | — |
| FE STRICKLAND | MEMBER - NON VOTING | — | — |
| JANICE DIXON | MEMBER - NON VOTING | 25 | — |
| CINDY DUVALL | EXECUTIVE DIRECTOR | 15 | — |
| MATT GRICE | TREASURER | — | — |
| PASCAL GILL | MEMBER - NON VOTING | — | — |
Recent News & Activity
Recent developments and announcements
Mississippi Power Foundation and Coast Chamber awarded $16,000 in small business grants
Mississippi Power Foundation and Coast Chamber award $16,000 in small businessMississippi Power Foundation pledged $350,000 to assist customers with bills during summer months
Mississippi Power Foundation and Coast Chamber award $16,000 in small businessMississippi Power Foundation invested in accountancy education at Ole Miss
Mississippi Power Foundation and Coast Chamber award $16,000 in small businessThe foundation supports the First Robotics team and the 13th annual reconciliation week
Subject Areas
Focus areas based on grantmaking activity
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Data last updated April 2026. Sourced from IRS Form 990-PF filings. Research dossier generated April 2026.
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