The L & M Charitable Foundation Inc is a private foundation established in 2000 and based in Dallas, Texas. The foundation operates as a family foundation with a focus on charitable grantmaking to various nonprofit organizations.
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.
Mission & Focus Areas
The foundation makes grants to organizations across multiple sectors. Recent grantmaking has supported organizations in areas including children's services, women's support services, youth development, and other charitable causes.
Grantmaking
The foundation is an active grantmaker with significant annual giving activity. In 2024, the foundation made 35 grants to various organizations.
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Geographic Focus
Where this funder awards grants
The foundation is located in Dallas, Texas, though it maintains a presence in Midland, Texas as well.
Grant Distribution by State
Cities
Financial History
Multi-year comparison from IRS filings
As of Fiscal Year Ending December 2024:
- Total Assets: $14,982,964
- Total Revenues: $3,735,360
- Total Expenses: $761,484
- Total Grants, Contributions, etc.: $2,025,789
- Investment Income and Dividends: $467,844
The foundation has no employees and operates with trustee management.
| Metric | 2024 | 2023 | 2022 |
|---|---|---|---|
| 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 |
Giving Over Time
Total grant dollars and number of grants per year
Grant Insights
How this funder distributes its grants
Top Recipients
Top 10 recipients in 2024
Grant Size Distribution
153 grants across all recorded years
Giving History
Grant recipients and amounts by year
Among its reported 2024 grants, the largest include Cherokee Home for Children ($100,000), Genesis Women's Shelter ($72,500), Scottish Rite for Children ($62,500).
| Recipient | Purpose | Amount |
|---|---|---|
| HILLCREST SCHOOL MIDLAND, TX | GENERAL SUPPORT CONTRIBUTION | $15,000 |
| CASA DE AMIGOS MIDLAND, TX | GENERAL SUPPORT CONTRIBUTION | $10,000 |
| JOHN AUSTIN CHELEY FOUNDATION DENVER, CO | KEM, LMM, EEM | $50,000 |
| LEBONHEUR CHILDREN'S HOSPITAL MEMPHIS, TN | REHABILITATION DEPARTMENT | $1,000 |
| UNIV OF THE SOUTH SEWANEE, TN | GENERAL SUPPORT CONTRIBUTION | $6,000 |
| NOLS FUND LANDER, WY | GENERAL SUPPORT CONTRIBUTION | $20,000 |
| EPISCOPAL CHURCH OF THE NATIVITY GREENWOOD, MS | GENERAL SUPPORT CONTRIBUTION, PRESERVE AND PROTECT FUND | $22,000 |
| SUFFIELD ACADEMY SUFFIELD, CT | GENERAL SUPPORT CONTRIBUTION | $1,000 |
| DALLAS ARBORETUM AND BOTANICAL GARD DALLAS, TX | CHILDREN'S ADVENTURE GARDEN - 3 YEAR PLEDGE (YEAR 3) | $55,000 |
| PILLOW ACADEMY GREENWOOD, MS | GENERAL SUPPORT CONTRIBUTION | $10,000 |
Leadership & Key People
Leadership team and compensation from IRS filings
The foundation is governed by trustees including:
- Richard T McMillan
- Jan Late McMillan
- Kirstin E McMillan Gillespie
Compensation Overview
From 2024 IRS filing
From 2024 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| RICHARD T MCMILLAN | Pres/DIR | — | — |
| JAN LATE MCMILLAN | Director | — | — |
| KIRSTIN E MCMILLAN GILLESPIE | Director | — | — |
Contact Information
- Telephone: 432-683-7700
- Address: 3838 Oak Lawn Ave Ste 1516, Dallas, TX 75219-4516
Subject Areas
Focus areas based on grantmaking activity
Frequently Asked Questions
What does The L & M Charitable Foundation Inc fund?
The foundation makes grants to organizations across multiple sectors. Recent grantmaking has supported organizations in areas including children's services, women's support services, youth development, and other charitable causes.
How do I apply for a grant from The L & M Charitable Foundation Inc?
The foundation is an active grantmaker with significant annual giving activity. In 2024, the foundation made 35 grants to various organizations. **Recent Grant Recipients and Amounts (2024):** • Cherokee Home for Children: $100,000 (Transitional Living Center) • Genesis Women's Shelter and Support: $72,500 (General Support Contribution) • John Austin Cheley Foundation: $50,000 The foundation supports a diverse range of charitable organizations and provides both general support contributions and…
Where does The L & M Charitable Foundation Inc make grants?
The foundation is located in Dallas, Texas, though it maintains a presence in Midland, Texas as well.
What size grants does The L & M Charitable Foundation Inc award?
In 2024, The L & M Charitable Foundation Inc awarded 33 grants totaling $645K — an average of about $20K per grant, based on its IRS Form 990 filings.
How much is The L & M Charitable Foundation Inc required to give away each year?
Private foundations must generally distribute about 5% of their assets annually. For 2024, The L & M Charitable Foundation Inc reported a distributable amount of $824K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.
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.
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Data last updated June 2026. Sourced from IRS Form 990-PF filings. Research dossier generated April 2026.
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