The MBM Foundation
The MBM Foundation is a private foundation, based in Memphis, TN. IRS filing data is available from 2021 through 2024. As of 2024, the organization holds $880K in total assets. In 2024, it awarded 7 grants totaling $66K. Net investment income was $45K.
The MBM Foundation at a glance
In short: The MBM Foundation gave $66K across 7 grants in 2024 (avg $9K), mostly in Tennessee. Source: 2024 IRS Form 990-PF.
- Annual giving (2024)
- $66,000
- -78.0% vs 2023
- Grants made (2024)
- 7
- -36.4% vs 2023
- Average grant
- $9,429
- -65.4% vs 2023
- Median grant
- $5,000
- Total assets
- $879,940
- -2.8% vs 2023
- Primary geography
- Tennessee (91% 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 MBM Foundation funds
How this funder distributes its grants
Top Recipients
Top 7 recipients in 2024
The largest 2024 recipient was Ed Murphey Classic ($34K). Together the top 7 received $66K.
Grant Size Distribution
18 grants across all recorded years
The most common grant size was under $50K: 16 grants of 18 (89%).
Geographic Focus
Where this funder awards grants
Grant Distribution by State
Share of 2024 grant dollars across all 7 itemized grants.
Cities
How The MBM Foundation gives
- In 2024 it paid out 162% of 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
From 2023 to 2024, annual grant giving ranged from $66K (2024) to $300K (2023). In 2024 it made 7 grants totaling $66K.
Grants by year
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| Ed Murphey Classic Memphis, TN | Program Services | $34,000 |
| Metropolitan Inter-Faith Association Memphis, TN | Program Services | $10,000 |
| Church Health Memphis, TN | Program Services | $10,000 |
| Chickasaw Council Memphis, TN | Program Services | $5,000 |
| Palmer Home for Children Lake Cormorant, MS | Program Services | $5,000 |
| ArtsMemphis Memphis, TN | Program Services | $1,000 |
| Bamf Health Grand Rapids, MI | Program Services | $1,000 |
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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 | $879,940 | $44,638 | $69,838 | $66,000 | 7 | $68,825 | $44,638 | $42,515 |
| 2023 | $905,140 | $53,701 | $302,594 | $299,500 | 11 | $302,094 | $53,701 | $53,221 |
| 2022 | $1,154,033 | $1,154,033 | — | — | — | — | $389 | $2,363 |
Under IRS private-foundation payout rules, The MBM Foundation reported a distributable amount of $43K for 2024 — the minimum it must pay out in qualifying distributions.
Leadership & Key People
Officers and directors from IRS filings
The MBM Foundation's 2024 filing lists 2 officers; none of the 2 officers listed in 2024 report compensation.
Officers on the 2024 filing
McNeal McDonnell
Trustee & Distr Committee
Trustee & Dist → Trustee & Distr Committee, 2024
On filings since 2021
No compensation reported
L Pamela McDonnell
Distribution Committee
Distribution → Distribution Committee, 2024
On filings since 2021
No compensation reported
Data from IRS Form 990 filings, 2021–2024. "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 MBM Foundation
How much does The MBM Foundation give each year?
The MBM Foundation gave $66K across 7 grants in 2024, according to its 2024 IRS Form 990-PF. In 2023 it gave $300K across 11 grants.
What is The MBM Foundation's typical grant size?
The MBM Foundation's median grant in 2024 was $5,000, and its average grant was $9,429, across 7 grants on its 2024 IRS Form 990-PF.
Where does The MBM Foundation give grants?
The MBM Foundation gives mostly in Tennessee: 91% of the grant dollars itemized on its 2024 IRS Form 990-PF went to recipients there. The next largest state was Mississippi (8%). The most frequent recipient cities were Memphis, TN (5 grants).
Does The MBM Foundation give general operating support?
Not in 2024: none of the 7 grants with a stated purpose on The MBM Foundation's 2024 IRS Form 990-PF were described as general or operating support. Recurring purposes include "Program Services" (7 grants).
Who are The MBM Foundation's largest grantees?
The MBM Foundation's largest 2024 grantees include Ed Murphey Classic ($34,000), Metropolitan Inter-Faith Association ($10,000) and Church Health ($10,000), according to its 2024 IRS Form 990-PF. Together they received 82% of its itemized 2024 grant dollars.
How large is The MBM Foundation?
The MBM Foundation reported $880K in total assets on its 2024 IRS Form 990-PF. It paid out $69K in qualifying distributions that year, against a required minimum of $43K (roughly 5% of its investment assets).
What is The MBM Foundation's EIN?
The MBM Foundation's EIN (Employer Identification Number) is 87-3340894. IRS Form 990 filing data is available on this page for 2021–2024.
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
- IRS filings on file for fiscal years 2021–2024
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