The M&M Family Foundation

Private foundation · Grantmaker South Lyon, MI EIN: 88-3181481

The M&M Family Foundation is a private foundation, based in South Lyon, MI. IRS filing data is available from 2022 through 2024. As of 2024, the organization holds $48K in total assets. In 2024, it awarded 3 grants totaling $209K. Net investment income was $180.

The M&M Family Foundation at a glance

In short: The M&M Family Foundation gave $209K across 3 grants in 2024 (avg $70K), mostly in Michigan. Source: 2024 IRS Form 990-PF.

Annual giving (2024)
$208,500
Grants made (2024)
3
Average grant
$69,500
Median grant
$7,500
Total assets
$48,196
Primary geography
Michigan (100% of itemized 2024 grant dollars)
Latest 990 filing
Form 990-PF, 2024 View filing

Data from IRS Form 990-PF, 2024; updated September 2026.

Who The M&M Family Foundation funds

How this funder distributes its grants

Top Recipients

Top 3 recipients in 2024

Michigan Tech University: $200KMichigan Tech University$200KThe Ferris Foundation: $8KThe Ferris Foundation$8KPurdue Foundation: $1KPurdue Foundation$1K

The largest 2024 recipient was Michigan Tech University ($200K). Together the top 3 received $209K.

Grant Size Distribution

7 grants across all recorded years

4<$50K2$50–100K1$100–250K$250–500K$500K–1M$1–5M$5M+

The most common grant size was under $50K: 4 grants of 7 (57%).

Geographic Focus

Where this funder awards grants

Grant Distribution by State

2states

Share of 2024 grant dollars across all 3 itemized grants.

Cities

Big RapidsHoughtonTraverse CityWest Lafayette

How The M&M Family Foundation gives

  • In 2024 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$100K$200K$300K4 grants2022 3 grants2024

From 2022 to 2024, annual grant giving ranged from $209K (2024) to $211K (2022). In 2024 it made 3 grants totaling $209K.

Grants by year

Grant recipients and amounts by year

RecipientPurposeAmount
Michigan Tech University Houghton, MISurvey Recruiter Program$200,000
The Ferris Foundation Big Rapids, MIScholarship/Endowment$7,500
Purdue Foundation West Lafayette, INWomen in Engineering Program$1,000
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Financial History

Multi-year comparison from IRS filings

Figures from IRS filings, by filing year
Filing yearTotal AssetsRevenueExpensesGrants paidGrantsQualifying DistributionsNet Investment IncomeDistributable Amount
2024$48,196$206,244$210,222$208,5003$210,070$180$3,081
2022$89,360$300,000$210,640$210,6174$210,617—$4,428

Under IRS private-foundation payout rules, The M&M Family Foundation reported a distributable amount of $3K for 2024 — the minimum it must pay out in qualifying distributions.

Leadership & Key People

Officers and directors from IRS filings

The M&M Family Foundation is led by Matthew Bisset, President & S on every filing since 2022; none of the 3 officers listed in 2024 report compensation.

Officers on the 2024 filing

  • Matthew Bisset

    President & S

    On filings since 2022

    No compensation reported

  • Edward Lustenader

    Founding Director

    On filings since 2022

    No compensation reported

  • Melissa Bissett

    Treasurer

    On filings since 2022

    No compensation reported

Data from IRS Form 990 filings, 2022–2024. "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 M&M Family Foundation

How much does The M&M Family Foundation give each year?

The M&M Family Foundation gave $209K across 3 grants in 2024, according to its 2024 IRS Form 990-PF.

What is The M&M Family Foundation's typical grant size?

The M&M Family Foundation's median grant in 2024 was $7,500, and its average grant was $69,500, across 3 grants on its 2024 IRS Form 990-PF.

Where does The M&M Family Foundation give grants?

The M&M Family Foundation gives mostly in Michigan: 100% of the grant dollars itemized on its 2024 IRS Form 990-PF went to recipients there.

Does The M&M Family Foundation give general operating support?

Not in 2024: none of the 3 grants with a stated purpose on The M&M Family Foundation's 2024 IRS Form 990-PF were described as general or operating support.

How large is The M&M Family Foundation?

The M&M Family Foundation reported $48K in total assets on its 2024 IRS Form 990-PF. It paid out $210K in qualifying distributions that year, against a required minimum of $3K (roughly 5% of its investment assets).

What is The M&M Family Foundation's EIN?

The M&M Family Foundation's EIN (Employer Identification Number) is 88-3181481. IRS Form 990 filing data is available on this page for 2022–2024.

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

Data update history

(1)

When this profile's IRS filing data changed on Grantable

  1. IRS filings on file for fiscal years 2022–2024

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

Figures come from The M&M Family Foundation'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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