MMD Foundation Inc is a private foundation focused on Health, based in West Orange, NJ. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $866K in total assets. In 2024, it awarded 5 grants totaling $45K. Net investment income was $47K.
Key facts about MMD Foundation Inc
- EIN
- 22-2111419
- Latest 990 filing
- Form 990-PF, 2024
- Annual giving (2024)
- $45,000
- Grants made (2024)
- 5
- Average grant
- $9,000
- Median grant
- $10,000
- Total assets
- $865,763
- Primary geography
- South Carolina (42% of itemized 2024 grant dollars)
Data from IRS Form 990-PF, 2024; updated September 2026.
Who MMD Foundation Inc funds
By grant dollars, the top recipient states for MMD Foundation Inc's 5 itemized 2024 grants were South Carolina (42%), New York (22%) and Virginia (22%). 100% of grants with a stated purpose were for general or operating support.
How MMD Foundation Inc gives
- Giving fell 72% from 2021 to 2024. Method
- In 2024 it paid out 96% 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.
Next steps with MMD Foundation Inc
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Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$866K
-1.4% YoY
Annual Giving
$45K
+1.1% YoY
Grant Count
5
+0.0% YoY
Avg Grant Size
$9K
+1.1% YoY
Under IRS private-foundation payout rules, MMD Foundation Inc reported a distributable amount of $48K for 2024 — the minimum it must pay out in qualifying distributions.
About MMD Foundation Inc
Based on IRS filings
MMD Foundation Inc is a private foundation focused on Health, based in West Orange, NJ. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $866K in total assets. In 2024, it awarded 5 grants totaling $45K. Net investment income was $47K.
Focus Areas
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Geographic Focus
Where this funder awards grants
Grant Distribution by State
Share of all 5 itemized 2024 grant dollars.
States
Cities
Financial History
Multi-year comparison from IRS filings
| Metric | 2024 | 2023 | 2022 |
|---|---|---|---|
| Total Assets | $865,763 | $878,374 | $2,505,763 |
| Revenue | $56,746 | $146,162 | $258,931 |
| Expenses | $56,166 | $56,335 | $196,496 |
| Qualifying Distributions | $46,081 | $44,948 | $168,000 |
| Net Investment Income | $47,300 | $124,328 | $80,061 |
| Distributable Amount | $47,932 | $45,263 | $141,727 |
Data update history
When this profile's IRS filing data changed on Grantable
- IRS filings on file for fiscal years 2020–2024
Giving Over Time
Total grant dollars and number of grants per year
Grant Insights
How this funder distributes its grants
Top Recipients
Top 5 recipients in 2024
Grant Size Distribution
35 grants across all recorded years
Giving History
Grant recipients and amounts by year
Among its reported 2024 grants, the largest recipients include University of South Carolina ($19,000), Ithaca College ($10,000), Virginia Tech ($10,000).
| Recipient | Purpose | Amount |
|---|---|---|
| UNIVERSITY OF SOUTH CAROLINA Columbia, SC | UNRESTRICTED SUPPORT OF ORGANIZATIONS CHARITABLE PURPOSE | $19,000 |
| ITHACA COLLEGE Ithaca, NY | UNRESTRICTED SUPPORT OF ORGANIZATIONS CHARITABLE PURPOSE | $10,000 |
| VIRGINIA TECH Blacksburg, VA | UNRESTRICTED SUPPORT OF ORGANIZATIONS CHARITABLE PURPOSE | $10,000 |
| JOHNS HOPKINS UNIVERSITY Baltimore, MD | UNRESTRICTED SUPPORT OF ORGANIZATIONS CHARITABLE PURPOSE | $5,000 |
| SETON HALL PREP West Orange, NJ | UNRESTRICTED SUPPORT OF ORGANIZATIONS CHARITABLE PURPOSE | $1,000 |
Leadership & Key People
Officers and directors from IRS filings
Compensation Overview
No officer or director reported compensation in the available filings.
From 2024 IRS filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| Kim Islami | President | 1 | — |
| Anthony Pantamo | Treasurer | 1 | — |
| Paulo Guerreiro | Secretary | 1 | — |
Subject Areas
Focus areas based on grantmaking activity
Frequently Asked Questions
What is MMD Foundation Inc?
MMD Foundation Inc is a private foundation focused on Health, based in West Orange, NJ. It holds $866K in total assets as of 2024.
How large is MMD Foundation Inc?
As of 2024, MMD Foundation Inc holds $866K in total assets with $57K in annual revenue. It awarded 5 grants totaling $45K in 2024.
Where does MMD Foundation Inc operate?
MMD Foundation Inc has awarded grants in California, Florida, Indiana, Massachusetts, Maryland, North Carolina, New Jersey, New York, Pennsylvania, South Carolina, Tennessee, Virginia.
What size grants does MMD Foundation Inc award?
In 2024, MMD Foundation Inc awarded 5 grants totaling $45K — an average of about $9K per grant, based on its IRS Form 990 filings.
How much is MMD Foundation Inc required to give away each year?
Private foundations must generally distribute about 5% of their assets annually. For 2024, MMD Foundation Inc reported a distributable amount of $48K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.
What is MMD Foundation Inc's EIN?
MMD Foundation Inc's EIN (Employer Identification Number) is 22-2111419. IRS Form 990 filing data is available on this page for 2020–2024.
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Data last updated September 2026. Sourced from IRS Form 990-PF filings.