MTNT Foundation Inc
MTNT Foundation Inc is a private foundation based in Anchorage, Alaska. It supports post-secondary education and other learning programs for MTNT shareholders and their descendants, including college, vocational training, continuing education, and certification programs.
MTNT Foundation Inc at a glance
In short: MTNT Foundation Inc gave $19K across 15 grants in 2025 (avg $1K), mostly in Alaska. Source: 2025 IRS Form 990-PF.
- Annual giving (2025)
- $18,500
- +32.1% vs 2024
- Grants made (2025)
- 15
- +15.4% vs 2024
- Average grant
- $1,233
- +14.5% vs 2024
- Median grant
- $1,000
- Total assets
- $2,238
- -14.6% vs 2024
- Primary geography
- Alaska (73% of itemized 2025 grant dollars)
- Latest 990 filing
- Form 990-PF, 2025 View filing
Data from IRS Form 990-PF, 2025; updated October 2026.
How to apply to MTNT Foundation Inc
- How to Apply
-
The website provides a scholarship application and guidelines for the listed funding periods. The foundation’s 2024 filing listed a scholarship application as the required form and materials.
- Review Cycle
- The website lists March 17 for Summer 2026 and July 15 for Fall 2026; both deadlines have passed. It lists December 15, 2026, for the Spring 2027 term.
- Deadline
- The website lists March 17 for Summer 2026 and July 15 for Fall 2026; both deadlines have passed.
- Contact
Application contact: Gina Dementoff-Mckindy
Mailing address: 400 West Tudor Rd Suite A-400, Anchorage, AK 99503
Phone: (907) 644-1200
Website: https://mtnt.net
Application details from Grantable's research on the foundation's public materials; confirm on its website before applying.
Who MTNT Foundation Inc funds
How this funder distributes its grants
Grant Size Distribution
71 grants across all recorded years
The most common grant size was under $50K: 71 grants of 71 (100%).
Geographic Focus
Where this funder awards grants
The 2025 filing shows that 73% of grant dollars went to recipients in Alaska, 19% to Florida, 5% to Texas, and 3% to Washington.
Grant Distribution by State
Share of 2025 grant dollars across all 15 itemized grants.
Cities
How MTNT Foundation Inc gives
- Giving grew 37% from 2022 to 2025. Method
- In 2025 it paid out well above its IRS minimum distribution (the 5% rule). 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 2020 to 2025, annual grant giving ranged from $14K (2022) to $20K (2021). In 2025 it made 15 grants totaling $19K.
Grants by year
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| 15 individual scholarships Recipients not named | — | $18,500 |
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Financial History
Multi-year comparison from IRS filings
| Filing year | Total Assets | Revenue | Expenses | Grants paid | Grants | Qualifying Distributions | Distributable Amount |
|---|---|---|---|---|---|---|---|
| 2025 | $2,238 | $19,310 | $19,694 | $18,500 | 15 | $18,500 | $96 |
| 2024 | $2,622 | $16,290 | $15,790 | $14,000 | 13 | $14,000 | $82 |
| 2023 | $2,122 | $18,610 | $17,110 | $15,500 | 14 | $15,500 | $47 |
| 2022 | $622 | $15,000 | $15,805 | $13,500 | 14 | $15,805 | $34 |
| 2021 | $1,427 | $25,100 | $24,090 | $20,000 | 15 | — | $84 |
| 2020 | $417 | $15,500 | $16,916 | $15,000 | 14 | — | $93 |
Under IRS private-foundation payout rules, MTNT Foundation Inc reported a distributable amount of $96 for 2025 — the minimum it must pay out in qualifying distributions.
Research compiled by Grantable AI from public sources. Last updated October 2026.
Mission & Focus Areas
The foundation’s stated goal is to support MTNT shareholders and their descendants through higher education and other learning programs while honoring cultural values and subsistence lifestyles. Its scholarship program assists eligible students with educational expenses.
The website describes General Scholarships for students in degree-seeking programs and Vocational Training/Continuing Education Scholarships for students in vocational, continuing education, or certification programs. It lists awards of $500 per semester for part-time enrollment and $1,000 per semester for full-time degree-seeking enrollment, and up to $1,000 per semester for vocational training, continuing education, or certification.
Grantmaking
In filing year 2025, the foundation reported 15 grants totaling $18,500. Grants ranged from $500 to $2,000, with a median of $1,000. The listed grants went to individual recipients for education expenses, including tuition payments to colleges and universities. Examples include $2,000 tuition payments for study at Grand Canyon University, Seminole State College, Western Washington University, and Fort Lewis College. Alaska accounted for 73% of grant dollars, Florida 19%, Texas 5%, and Washington 3%.
The foundation’s website says applicants must be MTNT shareholders or descendants of original shareholders, be accepted to an accredited college, university, technical, or vocational school, and enroll in a program lasting at least six weeks or 120 hours. It lists minimum GPAs of 2.0 for undergraduate students, 3.0 for graduate or master’s students, and 3.25 for specialist or doctorate students. Students must reapply for each funding period. The scholarship application requests academic information and supporting records, including enrollment verification and transcripts or proof of prior education, as applicable.
The foundation’s 2024 filing separately listed a scholarship application, a requirement to submit grade transcripts, a 2.0 GPA requirement, and direct disbursement of award checks to the applicant’s school. Its stated July 30 annual deadline has passed for 2026.
Leadership & Key People
Leadership team and compensation from IRS filings
The 2025 filing lists Gina Dementoff-McKindy as chair/president, Theresa Fox as vice president, and Melody Magnuson-Strick as secretary/treasurer.
MTNT Foundation Inc is led by Gina Dementoff-McKindy, Chair & President on every filing since 2022; none of the 3 officers listed in 2025 report compensation.
Officers on the 2025 filing
Gina Dementoff-McKindy
Chair & President
On filings since 2022
1 hr/week
No compensation reported
Theresa Fox
Vice President
On filings since 2020
1 hr/week
No compensation reported
Melody Magnuson-Strick
Secretary & Treasurer
On filings since 2023
1 hr/week
No compensation reported
Former officers (5)
- Former: Michelle Christiansen (2020–2024) — CEO
- Former: James Vanderpool (2020–2022) — Secretary & Treasurer
- Former: Steve Eluska (2020–2022) — Director
- Former: Joseph Frank (2022) — Director
- Former: Joe Frank (2020–2021) — Chair & President
Data from IRS Form 990 filings, 2020–2025. "On filings since" is the earliest filing we hold that lists the person; hours are average hours per week as reported.
Frequently asked questions about MTNT Foundation Inc
How much does MTNT Foundation Inc give each year?
MTNT Foundation Inc gave $19K across 15 grants in 2025, according to its 2025 IRS Form 990-PF. In 2024 it gave $14K across 13 grants.
What is MTNT Foundation Inc's typical grant size?
MTNT Foundation Inc's median grant in 2025 was $1,000, and its average grant was $1,233, across 15 grants on its 2025 IRS Form 990-PF.
Where does MTNT Foundation Inc give grants?
MTNT Foundation Inc gives mostly in Alaska: 73% of the grant dollars itemized on its 2025 IRS Form 990-PF went to recipients there. The next largest states were Florida (19%) and Texas (5%).
Does MTNT Foundation Inc give general operating support?
Not in 2025: none of the 15 grants with a stated purpose on MTNT Foundation Inc's 2025 IRS Form 990-PF were described as general or operating support.
How large is MTNT Foundation Inc?
MTNT Foundation Inc reported $2K in total assets on its 2025 IRS Form 990-PF. It paid out $19K in qualifying distributions that year, against a required minimum of $96 (roughly 5% of its investment assets).
What does MTNT Foundation Inc fund?
The foundation’s stated goal is to support MTNT shareholders and their descendants through higher education and other learning programs while honoring cultural values and subsistence lifestyles. Its scholarship program assists eligible students with educational expenses. See mission & focus areas ↑
How do I apply for a grant from MTNT Foundation Inc?
The website provides a scholarship application and guidelines for the listed funding periods. Eligibility and process details are in the grantmaking section of this profile. See how to apply ↑
What is MTNT Foundation Inc's EIN?
MTNT Foundation Inc's EIN (Employer Identification Number) is 92-0173151. IRS Form 990 filing data is available on this page for 2020–2025.
Data last updated October 2026. Sourced from IRS Form 990-PF filings. Research dossier generated October 2026.
Data update history
(1)
When this profile's IRS filing data changed on Grantable
- IRS filings on file for fiscal years 2020–2025
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Figures come from MTNT Foundation Inc's IRS filings (methodology). AI-written summaries, news items and logos are not covered by the open licence. Spot an error? Email hello@grantable.co.
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