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
Under IRS private-foundation payout rules, Mississippi Power Foundation Inc reported a distributable amount of $2.2M for 2024 — the minimum it must pay out in qualifying distributions.
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
**
Ready to take the next step with Mississippi Power Foundation Inc?
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
Among its reported 2024 grants, the largest include Pearl River Comm Coll Development Fdn ($105,000), Extra Table Feeds Inc ($100,000), Mississippi State University Foundation ($80,284).
| Recipient | Purpose | Amount |
|---|---|---|
| 2ND CHANCE MS INC MADISON, MS | CONTRIBUTION FOR FURTHER TRAINING OF LOW INCOME ADULT STUDENTS | $5,000 |
| AMERICAN CANCER SOCIETY INC KENNESAW, GA | CONTRIBUTION TO ACS ANNUAL FUNDRAISER FOR CANCER PATIENT NEEDS | $10,000 |
| AMERICAN HEART ASSOCIATION GULFPORT, MS | DONATION TO AHA COAST HEARTWALK/HEART GALA AND AHA PINEBELT HEART WALK. | $20,000 |
| AUBURN UNIVERSITY FOUNDATION AUBURN, AL | MATCHING EDUCATION GIFT PROGRAM 2024 2ND QUARTER MATCHING GIFT PROGRAM | $250 |
| BAY SPRINGS MAIN STREET ASSOCIATION BAY SPRINGS, MS | BAY SPRINGS FACADE GRANT PROGRAM | $20,000 |
| CASA OF HANCOCK COUNTY FINDLAY, OH | WORKING TO PROTECT AND ADVOCATE FOR ABUSED AND NEGLECTED CHILDREN IN SOUTH MISSISSIPPI COUNTIES | $7,500 |
| CHAOS ROBOTICS PICAYUNE, MS | TEAM CHAOS ROBOTICS CONTRIBUTION | $3,000 |
| CITY OF WIGGINS WIGGINS, MS | WIGGINS DOWNTOWN FAADE GRANTS - 2ND PHASE OF IMPROVEMENTS | $25,000 |
| COMMUNITY CONNECTION COAST CHAPTER GULFPORT, MS | COMMUNITY CONNECTION CHAPTERS ANNUAL INFUSION | $5,000 |
| COMMUNITY CONNECTION EAST MS CHAPTER GULFPORT, MS | COMMUNITY CONNECTION CHAPTERS ANNUAL INFUSION | $5,000 |
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
Frequently Asked Questions
What does Mississippi Power Foundation Inc fund?
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.
How do I apply for a grant from Mississippi Power Foundation Inc?
**Grant Activity:** • Total grants made: 269 grants totaling $4.7 million (based on available records) • Median grant size: $5,000 • Average grant award: $17,000 • Individual grant range: $100 to $385,000 • Annual giving has grown from $1.2 million in 2020 to $2.1 million in 2023 • In 2024, the foundation made 89 grants with total giving of $3,371,617 **Recent Notable Grants:** • William Carey University: $1,650,000 for outdoor stage at Hattiesburg campus • United Way of South Mississippi: $173…
Where does Mississippi Power Foundation Inc make 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.
What size grants does Mississippi Power Foundation Inc award?
In 2024, Mississippi Power Foundation Inc awarded 72 grants totaling $3.4M — an average of about $47K per grant, based on its IRS Form 990 filings.
How much is Mississippi Power Foundation Inc required to give away each year?
Private foundations must generally distribute about 5% of their assets annually. For 2024, Mississippi Power Foundation Inc reported a distributable amount of $2.2M on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.
What is Mississippi Power Foundation Inc's EIN?
Mississippi Power Foundation Inc's EIN (Employer Identification Number) is 72-1370746. IRS Form 990 filing data is available on this page for 2020–2024.
Explore Open Grants
Browse active grant opportunities in Mississippi Power Foundation Inc's focus areas in our free grants database
Related Funders
Similar funders by location and focus area
Veterans Memory Park in Ridgeland
RIDGELAND, MS
Assets
$88K
Grants
0
Total Given
—
Kappa Delta Sorority Inc 0805
OXFORD, MS
Assets
$725K
Grants
1
Total Given
$66K
William a Coleman Trust Ua Dtd 04091986 Tr
JACKSON, MS
Assets
$316K
Grants
4
Total Given
$14K
Van Devender Family Foundation
JACKSON, MS
Assets
$137K
Grants
47
Total Given
$760K
Northeast Ms Board of Realtors
TUPELO, MS
Assets
$683K
Grants
1
Total Given
$6K
United Way of Northeast Mississippi Inc
TUPELO, MS
Assets
$3.1M
Grants
35
Total Given
$783K
Data last updated June 2026. Sourced from IRS Form 990-PF filings. Research dossier generated April 2026.
What could you do with Mississippi Power Foundation Inc 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 Mississippi Power Foundation Inc to a real strategy.