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Also known as: % MARK MCLAUGHLIN
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Diamond M Foundation Inc. is a private corporation based in SAN ANGELO, TX. The foundation received its IRS ruling in 1958. It holds total assets of $6.5M. Annual income is reported at $603K. Total assets have grown from $3.5M in 2011 to $6.5M in 2022. The foundation is governed by 7 officers and trustees. Donations to qualified organizations. According to its most recent filing, the foundation only makes contributions to preselected charitable organizations. Tax records are available from 2016 to 2022. According to available records, Diamond M Foundation Inc. has made 8 grants totaling $985K, with a median grant of $50K. Annual giving has grown from $65K in 2020 to $920K in 2022. Individual grants have ranged from $10K to $400K, with an average award of $123K. The foundation has supported 4 unique organizations. Grant recipients are concentrated in Texas. Contributions to this foundation are tax-deductible.
Donations to qualified organizations
Expenses: $390K
Donations to qualified organizations. Based on available records, the foundation has funded 8 grants. Its grantmaking reaches organizations primarily in TX.
Diamond M Foundation Inc. has distributed a total of $985K across 8 grants. The median grant size is $50K, with an average of $123K. Individual grants have ranged from $10K to $400K.
Diamond M Foundation Inc. typically selects its grantees rather than accepting unsolicited proposals.
Diamond M Foundation Inc. is headquartered in SAN ANGELO, TX.
| Name | Title | Compensation | Benefits | Total |
|---|---|---|---|---|
| Laure C Mclaughlin | PRESIDENT | $0 | $0 | N/A |
| Brian T Mclaughlin | Director | $0 | $0 | N/A |
| Evelyn Mclaughlin Davies | DIRECTOR | $0 | $0 | N/A |
| Barbara Riddle Fendley | Secretary | $0 | $0 | N/A |
| J M Mclaughlin | Chairman | $0 | $0 | N/A |
| Deborah Deford Dunkum | Vice President | $0 | $0 | N/A |
| Phillip Knox | Director | $0 | $0 | N/A |
Total Giving
$491K
Total Assets
$6.5M
Fair Market Value
$6.6M
Net Worth
$6.5M
Grants Paid
$460K
Contributions
N/A
Net Investment Income
$576K
Distribution Amount
$440K
Total: $6.4M
Total Grants
8
Total Giving
$985K
Average Grant
$123K
Median Grant
$50K
Unique Recipients
4
Most Common Grant
$50K
of 2022 grantees were first-time recipients
| Recipient | Location | Amount | Year |
|---|---|---|---|
| San Angelo Area FoundationOPERATING EXPENSE | San Angelo, TX | $400K | 2022 |
| Ranching Heritage AssociationOPERATING FUNDS | Lubbock, TX | $50K | 2022 |
| Scurry County Ministerial AllianceOPERATING FUNDS | Snyder, TX | $10K | 2022 |
| Scurry County United WayOPERATING EXPENSE | Snyder, TX | $15K | 2020 |