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Mgm Charitable Scholarship Trust is a private corporation based in PADUCAH, KY. The foundation received its IRS ruling in 2001. The principal officer is Laxmaiah Manchikanti Md. It holds total assets of $506K. Annual income is reported at $82K. Total assets have grown from $187K in 2010 to $563K in 2022. The foundation is governed by 3 officers and trustees. The foundation provided educational scholarships for 25 students attending post secondary educational institutions during the tax year. Tax records are available from 2015 to 2023. Grantmaking is concentrated in Kentucky. According to available records, Mgm Charitable Scholarship Trust has made 105 grants totaling $202K, with a median grant of $1K. Annual giving has grown from $20K in 2020 to $37K in 2023. Grantmaking activity was highest in 2022 with $145K distributed across 56 grants. Individual grants have ranged from $100 to $25K, with an average award of $2K. The foundation has supported 25 unique organizations. The foundation primarily supports organizations in Kentucky, Texas, Tennessee, which account for 79% of all grants. Grantmaking reaches organizations across 11 states. Contributions to this foundation are tax-deductible.
Smallest Grant
$500
Median Grant
$1K
Average Grant
$813
Largest Grant
$1K
Based on 24 grants from the most recent 990-PF filing.
The foundation provided educational scholarships for 21 students attending post secondary educational institutions during the tax year
Expenses: $20K
The foundation provided educational scholarships for 25 students attending post secondary educational institutions during the tax year. Based on available records, the foundation has funded 105 grants. Its grantmaking reaches organizations primarily in KY, TX, TN.
Mgm Charitable Scholarship Trust has distributed a total of $202K across 105 grants. The median grant size is $1K, with an average of $2K. Individual grants have ranged from $100 to $25K.
The application deadline is APPLICATIONS WERE TO BE SUBMITTED BY MAY 22, 2020 AND RECIPIENTS WERE ANNOUNCED BY MAY 29, 2020.. Mgm charitable foundation is a trust established to provide scholarship funding for post-secondary education for students in mccracken county ky. In february 2023 letters were sent to guidance counselors of all secondary education schools in the mccracken county area requesting completion of applications for scholarships. The foundation is primarily interested in students seeking admittance to institutions outside the state of kentucky but applications for in-state assistance will also be considered. Manchikanti educational charitable trust has been established as a public charitable trust maintained and administered to promote education relief for the benefit of the weaker sections of the public in and around the area of bodangparphy india.
Mgm Charitable Scholarship Trust is headquartered in PADUCAH, KY. While based in KY, the foundation distributes grants to organizations across 11 states.
| Name | Title | Compensation | Benefits | Total |
|---|---|---|---|---|
| Laxmaiah Manchikanti Md | DONOR/TRUSTE | $0 | $0 | N/A |
| Murali Manchikanti | TRUSTEE | $0 | $0 | N/A |
| Ram Manchikanti | TRUSTEE | $0 | $0 | N/A |
Total Giving
$60K
Total Assets
$563K
Fair Market Value
$559K
Net Worth
$563K
Grants Paid
$37K
Contributions
$5K
Net Investment Income
$3K
Distribution Amount
$29K
Total: N/A
Total Grants
105
Total Giving
$202K
Average Grant
$2K
Median Grant
$1K
Unique Recipients
25
Most Common Grant
$1K
of 2023 grantees were first-time recipients
| Recipient | Location | Amount | Year |
|---|---|---|---|
| University Of LouisvilleEDUCATIONAL SCHOLARSHIP FOR KAAMRAAN IQBAL | Louisville, KY | $1K | 2023 |
| University Of KentuckyEDUCATIONAL SCHOLARSHIP FOR HILLARY HOLLOWELL | Lexington, KY | $1K | 2023 |
| Mississippi State UniversityEDUCATIONAL SCHOLARSHIP FOR BAILEY BOWLAND | Mississippi State, MS | $500 | 2023 |
| Sri Ganesha TempleCHARITABLE CONTRIBUTION | Nashville, TN | $15K | 2023 |
| University Of South FloridaEDUCATIONAL SCHOLARSHIP FOR LIKHITHA VANDANAPU | Atlanta, GA | $5K | 2023 |
| University Of North TexasEDUCATIONAL SCHOLARSHIP FOR RAMESHKUMAR BOMMARAGONI | Denton, TX | $3K | 2023 |
| Murray State UniversityEDUCATIONAL SCHOLARSHIP FOR BRIAH COOK | Murray, KY | $1K | 2023 |
| Mccracken County High SchoolDONATION TO MCCRACKEN CO HIGH SCHOOL TRAP TEAM | Paducah, KY | $1K | 2023 |
| Northwestern UniversityEDUCATIONAL SCHOLARSHIP FOR MADELINE KERR | Evanston, IL | $1K | 2023 |
| Transylvania UniversityEDUCATIONAL SCHOLARSHIP FOR KATELYNN HUMPHRIES | Lexington, KY | $1K | 2023 |
| Manchikanti High SchoolDONATION OF EQUIPMENT | Hyderabad | $795 | 2023 |
| Utah State UniversityEDUCATIONAL SCHOLARSHIP FOR TYLEE HAWS | Logan, UT | $500 | 2023 |
| University Of MississippiEDUCATIONAL SCHOLARSHIP FOR ADDISON AYCOCK | University, MS | $500 | 2023 |
| University Of MemphisEDUCATIONAL SCHOLARSHIP FOR GRACE BAKEHOUSE | Memphis, TN | $500 | 2023 |
| West Ky Community And Technical ColEDUCATIONAL SCHOLARSHIP FOR LILLI CLINARD | Paducah, KY | $500 | 2023 |
| Western Kentucky UniversityEDUCATIONAL SCHOLARSHIP FOR CAROLINE WRIGHT | Bowling Green, KY | $500 | 2023 |
| Hindu Temple Of Greater Fort WorthCHARITABLE CONTRIBUTION | Fort Worth, TX | $25K | 2022 |
| Shri Markandey Solapur Sahakari RugEDUCATIONAL SCHOLARSHIP FOR SWAPNA VARIKUPPALA TO THIS RESEARCH CENTER | Solapur | $6K | 2022 |
| Auburn University-MontgomeryEDUCATIONAL SCHOLARSHIP FOR LAXMI PRASANNA VANAMALA | Montgomery, AL | $5K | 2022 |
FT MITCHELL, KY
LAGRANGE, KY
COVINGTON, KY