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
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
No grants recorded for .
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
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Data last updated April 2026. Sourced from IRS Form 990-PF filings. Research dossier generated April 2026.
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