The L & M Charitable Foundation Inc
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.
The L & M Charitable Foundation Inc at a glance
In short: The L & M Charitable Foundation Inc gave $645K across 33 grants in 2024 (avg $20K), mostly in Texas. 21% of 2024 grantees were new. Source: 2024 IRS Form 990-PF.
- Annual giving (2024)
- $645,000
- +24.0% vs 2023
- Grants made (2024)
- 33
- +17.9% vs 2023
- Average grant
- $19,545
- +5.2% vs 2023
- Median grant
- $10,000
- Total assets
- $14,982,964
- +25.4% vs 2023
- New grantees (estimate)
- 21% first-time grantees (7 of 33, 2024)
- Primary geography
- Texas (71% of itemized 2024 grant dollars)
- Latest 990 filing
- Form 990-PF, 2024 View filing
Data from IRS Form 990-PF, 2024; updated October 2026. New grantees are estimated by matching recipient names across years (methodology).
How to apply to The L & M Charitable Foundation Inc
- Accepts unsolicited proposals
- No
- How to Apply
-
The foundation makes contributions only to preselected charitable organizations and does not accept unsolicited requests for funds.
- Contact
Mailing address: 3838 Oak Lawn Ave 1516, Dalas, TX 75219
Phone: (432) 683-7700
Application details from Grantable's research on the foundation's public materials; confirm on its website before applying.
Who The L & M Charitable Foundation Inc funds
How this funder distributes its grants
Top Recipients
Top 10 recipients in 2024
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
The most common grant size was under $50K: 133 grants of 153 (87%).
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
Share of 2024 grant dollars across all 33 itemized grants.
Cities
Is The L & M Charitable Foundation Inc open to new grantees?
21%
first-time grantees, 2024
In 2024, 7 of 33 grantees (21%) were first-time recipients. First grants averaged $14K; repeat grants $21K. How we count
Medians: $10K first-time, $10K repeat.
- 58% 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.
Giving History
Giving Over Time
Total grant dollars and number of grants per year
From 2020 to 2024, annual grant giving ranged from $405K (2020) to $775K (2022). In 2024 it made 33 grants totaling $645K.
Grants by year
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| Cherokee Home for Children Cherokee, TX | Transitional Living Center | $100,000 |
| Genesis Women's Shelter Dallas, TX | General Support Contribution | $72,500 |
| Scottish Rite for Children Dallas, TX | Lab School | $62,500 |
| Dallas Arboretum and Botanical Gard Dallas, TX | Children's adventure garden - 3 year pledge (year 3) | $55,000 |
| John Austin Cheley Foundation Denver, CO | KEM, LMM, EEM | $50,000 |
| Fort Worth Country Day School Fort Worth, TX | Forward Together Comprehensive Capital Campaign | $40,000 |
| Colorado Rocky Mountain School Carbondale, CO | General Support Contribution | $40,000 |
| Episcopal Church of the Nativity Greenwood, MS | General Support Contribution, Preserve and Protect Fund | $22,000 |
| Nols Fund Lander, WY | General Support Contribution | $20,000 |
| The McCallie School Chattanooga, TN | General Support Contribution | $20,000 |
Ready to take the next step with The L & M Charitable Foundation Inc?
Financial History
Multi-year comparison from IRS filings
| Filing year | Total Assets | Revenue | Expenses | Grants paid | Grants | Qualifying Distributions | Net Investment Income | Distributable Amount |
|---|---|---|---|---|---|---|---|---|
| 2024 | $14,982,964 | $3,735,360 | $761,484 | $645,000 | 33 | $645,000 | $1,599,403 | $823,895 |
| 2023 | $11,946,421 | $543,879 | $615,318 | $520,000 | 28 | $520,000 | $454,369 | $678,263 |
| 2022 | $11,994,245 | $2,487,002 | $869,027 | $775,000 | 13 | $775,000 | $399,346 | $652,688 |
| 2021 | $10,413,363 | $2,318,464 | $539,491 | $460,000 | 40 | $460,000 | $1,211,908 | $589,541 |
| 2020 | $9,162,608 | $1,788,421 | $461,923 | $405,000 | 39 | — | $718,433 | $473,722 |
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.
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 an individual recipient Mountain School, and $20,000 to The McCallie School.
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.
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 $14K 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 October 2026. Sourced from IRS Form 990-PF filings. Research dossier generated September 2026.
Data update history
(1)
When this profile's IRS filing data changed on Grantable
- IRS filings on file for fiscal years 2020–2024
Live grants for the work The L & M Charitable Foundation Inc funds
Education Open opportunities, soonest deadline first.
Explore Open Grants
Browse active grant opportunities in The L & M Charitable Foundation Inc's focus areas in our free grants database
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Cite this profile
Grantable. (2026). The L & M Charitable Foundation Inc funder profile. GrantGraph. Retrieved October 22, 2026, from https://grantable.co/funders/the-l-and-m-charitable-foundation-inc-morg_99af622f38054275ac42eff1ae8f57e6
BibTeX
@misc{grantable_752874187_2026,
author = {{Grantable}},
title = {{The L \& M Charitable Foundation Inc funder profile}},
howpublished = {GrantGraph},
year = {2026},
url = {https://grantable.co/funders/the-l-and-m-charitable-foundation-inc-morg_99af622f38054275ac42eff1ae8f57e6},
note = {Accessed 2026-10-22. Data licensed CC BY 4.0}
}The figures on this page are open data under CC BY 4.0: reuse them with credit to Grantable and a link. Download the data.
Figures come from The L & M Charitable 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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