The L & M Charitable Foundation Inc

Private foundation · Grantmaker Dalas, TX EIN: 75-2874187

The L & M Charitable Foundation Inc is a private foundation located in Dallas, Texas. It makes grants to charitable organizations, including organizations providing children’s services, education, women’s shelter services, and food assistance.

Key facts about The L & M Charitable Foundation Inc

In short: The L & M Charitable Foundation Inc gave $645K across 33 grants in 2024 (avg $20K), mostly in Texas. 18% of 2024 grantees were new. Source: 2024 IRS Form 990-PF.

EIN
75-2874187
Latest 990 filing
Form 990-PF, 2024
Annual giving (2024)
$645,000
Grants made (2024)
33
Average grant
$19,545
Median grant
$10,000
New grantees (estimate)
18% first-time grantees (6 of 33, 2024)
Total assets
$14,982,964
Primary geography
Texas (71% of itemized 2024 grant dollars)
Accepts unsolicited proposals
No
How to apply
The foundation makes contributions only to preselected charitable organizations and does not accept unsolicited requests for funds. Full details ↓

Data from IRS Form 990-PF, 2024; updated September 2026. New grantees are estimated by matching recipient names across years (methodology). Application details from Grantable's research on the foundation's public materials; confirm on its website before applying.

Financial Overview

From 2024 IRS Form 990-PF · View filing

Total Assets

$15.0M

+25.4% YoY

Annual Giving

$645K

+24.0% YoY

Grant Count

33

+17.9% YoY

Avg Grant Size

$20K

+5.2% YoY

Under IRS private-foundation payout rules, The L & M Charitable Foundation Inc reported a distributable amount of $824K for 2024 — the minimum it must pay out in qualifying distributions.

Is The L & M Charitable Foundation Inc open to new grantees?

18%

first-time grantees, 2024

In 2024, 6 of 33 grantees (18%) were first-time recipients. First grants averaged $10K; repeat grants $22K. How we count

Medians: $8K first-time, $10K repeat.

  • 61% of 2024 grantees were also funded in 2023. Method
  • Giving grew 40% from 2021 to 2024. Method
  • In 2024 it paid out 78% of its IRS minimum distribution (the 5% rule). Foundations have until the end of the next year to meet it. Method

Estimate from itemized grant lists in IRS Form 990-PF filings (2020–2024). Recipient names are matched across years, so a renamed or misspelled grantee can look new; grants to individuals are left out. Methodology.

Research compiled by Grantable AI from public sources. Last updated September 2026.

Mission & Focus Areas

No mission statement for the foundation is provided. Its 2024 grants show support for varied charitable work. For example, Cherokee Home for Children describes its mission as providing a Christian home environment and supporting children’s physical, emotional, educational, and spiritual development. Fort Worth Country Day School describes its mission as fostering students’ development through a rigorous college-preparatory program, while North Texas Food Bank says it works to close the hunger gap in North Texas.

Grantmaking

In 2024, the foundation reported 33 grants totaling $645,000. Grants ranged from $1,000 to $100,000, with a median grant of $10,000. Among the largest were $100,000 to Cherokee Home for Children for a transitional living center; $72,500 to Genesis Women’s Shelter for general support; $62,500 to Scottish Rite for Children for a lab school; and $55,000 to the Dallas Arboretum and Botanical Garden for the third year of a Children’s Adventure Garden pledge. Other notable awards included $50,000 to John Austin Cheley Foundation, $40,000 each to Fort Worth Country Day School and Colorado Rocky Mountain School, and $20,000 to The McCallie School.

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Geographic Focus

Where this funder awards grants

In 2024, 71% of grant dollars went to organizations in Texas, 16% to Colorado, 5% to Mississippi, 4% to Tennessee, and 3% to Wyoming.

Grant Distribution by State

7states

Share of 2024 grant dollars across all 33 itemized grants.

Cities

DallasFort WorthGreenwoodAustinMidlandMemphisDenverBoulderLanderCherokeeClevelandSewaneeSuffieldOxfordCarbondaleLittletonPlanoBrunswickChattanoogaMason

Giving Over Time

Total grant dollars and number of grants per year

$0$200K$400K$600K$800K39 grants2020 40 grants2021 13 grants2022 28 grants2023 33 grants2024

From 2020 to 2024, annual grant giving ranged from $405K (2020) to $775K (2022). In 2024 it made 33 grants totaling $645K.

Grant Insights

How this funder distributes its grants

Top Recipients

Top 10 recipients in 2024

Cherokee Home for Children: $100KCherokee Home for Children$100KGenesis Women's Shelter: $73KGenesis Women's Shelter$73KScottish Rite for Children: $63KScottish Rite for Children$63KDallas Arboretum and Botanical Gard: $55KDallas Arboretum and BotanicalGard$55KJohn Austin Cheley Foundation: $50KJohn Austin Cheley Foundation$50KFort Worth Country Day School: $40KFort Worth Country Day School$40KColorado Rocky Mountain School: $40KColorado Rocky Mountain School$40KEpiscopal Church of the Nativity: $22KEpiscopal Church of theNativity$22KNols Fund: $20KNols Fund$20KThe McCallie School: $20KThe McCallie School$20K

The largest 2024 recipient was Cherokee Home for Children ($100K). Together the top 10 received $482K.

Grant Size Distribution

153 grants across all recorded years

133<$50K16$50–100K4$100–250K$250–500K$500K–1M$1–5M$5M+

The most common grant size was under $50K: 133 grants of 153 (87%).

Giving History

Grant recipients and amounts by year

RecipientPurposeAmount
Cherokee Home for Children Cherokee, TXTransitional Living Center$100,000
Genesis Women's Shelter Dallas, TXGeneral Support Contribution$72,500
Scottish Rite for Children Dallas, TXLab School$62,500
Dallas Arboretum and Botanical Gard Dallas, TXChildren's adventure garden - 3 year pledge (year 3)$55,000
John Austin Cheley Foundation Denver, COKEM, LMM, EEM$50,000
Fort Worth Country Day School Fort Worth, TXForward Together Comprehensive Capital Campaign$40,000
Colorado Rocky Mountain School Carbondale, COGeneral Support Contribution$40,000
Episcopal Church of the Nativity Greenwood, MSGeneral Support Contribution, Preserve and Protect Fund$22,000
Nols Fund Lander, WYGeneral Support Contribution$20,000
The McCallie School Chattanooga, TNGeneral Support Contribution$20,000

Financial History

Multi-year comparison from IRS filings

Filing year Assets Revenue Expenses Grants Grant count
2024 $14,982,964 $3,735,360 $761,484 $645,000 33
2023 $11,946,421 $543,879 $615,318 $520,000 28
2022 $11,994,245 $2,487,002 $869,027 $775,000 13
Revenue
Expenses
Qualifying Distributions
Net Investment Income
$0$2M$4M$6M2020 2021 2022 2023 2024
Metric202420232022
Total Assets$14,982,964$11,946,421$11,994,245
Revenue$3,735,360$543,879$2,487,002
Expenses$761,484$615,318$869,027
Qualifying Distributions$645,000$520,000$775,000
Net Investment Income$1,599,403$454,369$399,346
Distributable Amount$823,895$678,263$652,688

Data update history

When this profile's IRS filing data changed on Grantable

  1. IRS filings on file for fiscal years 2020–2024

Leadership & Key People

Leadership team and compensation from IRS filings

The 2024 filing lists Richard T McMillan as president and director, and Jan Late McMillan and Kirstin E McMillan Gillespie as directors.

The L & M Charitable Foundation Inc is led by Richard T. McMillan, President & Director on every filing since 2020; none of the 3 officers listed in 2024 report compensation.

Officers on the 2024 filing

  • Richard T. McMillan

    President & Director

    On filings since 2020

    No compensation reported

  • Jan Late McMillan

    Director

    On filings since 2020

    No compensation reported

  • Kirstin E. McMillan Gillespie

    Director

    On filings since 2020

    No compensation reported

Data from IRS Form 990 filings, 2020–2024. "On filings since" is the earliest filing we hold that lists the person; hours are average hours per week as reported.

Contact

Mailing address: 3838 Oak Lawn Ave 1516, Dalas, TX 75219
Phone: (432) 683-7700

Frequently asked questions about The L & M Charitable Foundation Inc

How much does The L & M Charitable Foundation Inc give each year?

The L & M Charitable Foundation Inc gave $645K across 33 grants in 2024, according to its 2024 IRS Form 990-PF. In 2023 it gave $520K across 28 grants.

What is The L & M Charitable Foundation Inc's typical grant size?

The L & M Charitable Foundation Inc's median grant in 2024 was $10,000, and its average grant was $19,545, across 33 grants on its 2024 IRS Form 990-PF. Organizations receiving their first grant from The L & M Charitable Foundation Inc that year got $10K on average.

Where does The L & M Charitable Foundation Inc give grants?

The L & M Charitable Foundation Inc gives mostly in Texas: 71% of the grant dollars itemized on its 2024 IRS Form 990-PF went to recipients there. The next largest states were Colorado (16%) and Mississippi (5%). The most frequent recipient cities were Dallas, TX (6 grants), Fort Worth, TX (5 grants), Greenwood, MS (4 grants) and Austin, TX (3 grants).

Does The L & M Charitable Foundation Inc give general operating support?

Yes: 64% of The L & M Charitable Foundation Inc's 2024 grants with a stated purpose (21 of 33) were for general or operating support, per its 2024 IRS Form 990-PF.

Who are The L & M Charitable Foundation Inc's largest grantees?

The L & M Charitable Foundation Inc's largest 2024 grantees include Cherokee Home for Children ($100,000), Genesis Women's Shelter ($72,500) and Scottish Rite for Children ($62,500), according to its 2024 IRS Form 990-PF. Together they received 36% of its itemized 2024 grant dollars.

How large is The L & M Charitable Foundation Inc?

The L & M Charitable Foundation Inc reported $15.0M in total assets on its 2024 IRS Form 990-PF. It paid out $645K in qualifying distributions that year, against a required minimum of $824K (roughly 5% of its investment assets). Falling short in one year is not a violation: foundations have until the end of the next year to meet the minimum.

What does The L & M Charitable Foundation Inc fund?

No mission statement for the foundation is provided. Its 2024 grants show support for varied charitable work. For example, Cherokee Home for Children describes its mission as providing a Christian home environment and supporting children’s physical, emotional, educational, and spiritual development. See mission & focus areas ↑

How do I apply for a grant from The L & M Charitable Foundation Inc?

The foundation makes contributions only to preselected charitable organizations and does not accept unsolicited requests for funds. Eligibility and process details are in the grantmaking section of this profile. See how to apply ↑

What is The L & M Charitable Foundation Inc's EIN?

The L & M Charitable Foundation Inc's EIN (Employer Identification Number) is 75-2874187. IRS Form 990 filing data is available on this page for 2020–2024.

Does The L & M Charitable Foundation Inc accept unsolicited proposals?

No, according to Grantable's research on the foundation's published guidelines. See how to apply ↑

Data last updated September 2026. Sourced from IRS Form 990-PF filings. Research dossier generated September 2026.

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