MTNT Foundation Inc logo

MTNT Foundation Inc

Private foundation · Grantmaker Anchorage, AK EIN: 92-0173151 Website

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

71<$50K$50–100K$100–250K$250–500K$500K–1M$1–5M$5M+

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

10states

Share of 2025 grant dollars across all 15 itemized grants.

Cities

AlbuquerqueAnchorageBig LakeBismarckChula VistaDenverDes MoinesFairbanksForksGodfreyMcgrathMeridianOrlandoPalmerPascoPort AngelesSan AntonioSanfordSewardUnalakleet

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

$0$5K$10K$15K$20K14 grants2020 15 grants2021 14 grants2022 14 grants2023 13 grants2024 15 grants2025

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

RecipientPurposeAmount
15 individual scholarships Recipients not named —$18,500
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Financial History

Multi-year comparison from IRS filings

Figures from IRS filings, by filing year
Filing yearTotal AssetsRevenueExpensesGrants paidGrantsQualifying DistributionsDistributable Amount
2025$2,238$19,310$19,694$18,50015$18,500$96
2024$2,622$16,290$15,790$14,00013$14,000$82
2023$2,122$18,610$17,110$15,50014$15,500$47
2022$622$15,000$15,805$13,50014$15,805$34
2021$1,427$25,100$24,090$20,00015—$84
2020$417$15,500$16,916$15,00014—$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

  1. IRS filings on file for fiscal years 2020–2025

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Browse active grant opportunities in MTNT Foundation Inc's focus areas in our free grants database

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The filing figures on this page are open data under CC BY 4.0. About GrantGraph Open

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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