Mk2 Foundation is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in HOUSTON, 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 6 grants totaling $89K. Net investment income was $51K.
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$1.0M
-3.7% YoY
Annual Giving
$89K
+36.5% YoY
Grant Count
6
+100.0% YoY
Avg Grant Size
$15K
-31.7% YoY
Under IRS private-foundation payout rules, Mk2 Foundation reported a distributable amount of $69K for 2024 — the minimum it must pay out in qualifying distributions.
About Mk2 Foundation
Based on IRS filings
Mk2 Foundation is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in HOUSTON, 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 6 grants totaling $89K. Net investment income was $51K.
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 | $1,034,219 | $1,073,504 | $1,047,951 |
| Revenue | $58,306 | $97,953 | $26,960 |
| Expenses | $97,591 | $72,400 | $73,777 |
| Qualifying Distributions | $88,726 | $65,000 | $65,000 |
| Net Investment Income | $50,720 | $90,553 | $22,388 |
| Distributable Amount | $68,866 | $61,930 | $63,264 |
Giving Over Time
Total grant dollars and number of grants per year
Grant Insights
How this funder distributes its grants
Top Recipients
Top 6 recipients in 2024
Grant Size Distribution
25 grants across all recorded years
Giving History
Grant recipients and amounts by year
Among its reported 2024 grants, the largest include Texas Childrens Hospital ($50,000), Scenic Houston ($15,000), Dress for Success ($10,000).
| Recipient | Purpose | Amount |
|---|---|---|
| DRESS FOR SUCCESS HOUSTON, TX | EMPOWERING WOMEN BY PROVIDING PROFESSIONAL ATTIRE | $10,000 |
| SCENIC HOUSTON HOUSTON, TX | EDUCATION | $15,000 |
| WESTMINSTER SCHOOL ATLANTA, GA | EDUCATION | $9,726 |
| TEXAS CHILDRENS HOSPITAL HOUSTON, TX | CHILDRENS MEDICAL SERVICES | $50,000 |
| RIVER OAKS BAPTIST CHURCH HOUSTON, TX | RELIGIOUS | $3,000 |
| FERNBANK MUSEUM OF NATURAL HISTORY ATLANTA, GA | EDUCATION | $1,000 |
Leadership & Key People
Officers and directors from IRS filings
Compensation Overview
From 2024 IRS filing
From 2024 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| MAX P WATSON JR | MANAGER | — | — |
| KAY GREENE WATSON | MANAGER | — | — |
| MATTHEW C BLACKMON | MANAGER | — | — |
Subject Areas
Focus areas based on grantmaking activity
Frequently Asked Questions
What is Mk2 Foundation?
Mk2 Foundation is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in HOUSTON, TX. It holds $1.0M in total assets as of 2024.
How large is Mk2 Foundation?
As of 2024, Mk2 Foundation holds $1.0M in total assets with $58K in annual revenue. It awarded 6 grants totaling $89K in 2024.
Where does Mk2 Foundation operate?
Mk2 Foundation has awarded grants in Florida, Georgia, Texas.
What size grants does Mk2 Foundation award?
In 2024, Mk2 Foundation awarded 6 grants totaling $89K — an average of about $15K per grant, based on its IRS Form 990 filings.
How much is Mk2 Foundation required to give away each year?
Private foundations must generally distribute about 5% of their assets annually. For 2024, Mk2 Foundation reported a distributable amount of $69K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.
What is Mk2 Foundation's EIN?
Mk2 Foundation's EIN (Employer Identification Number) is 76-0537908. IRS Form 990 filing data is available on this page for 2020–2024.
Explore Open Grants
Browse active grant opportunities in Mk2 Foundation's focus areas in our free grants database
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Data last updated April 2026. Sourced from IRS Form 990-PF filings.
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