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Mississippi Power Foundation Inc. is a private corporation based in GULFPORT, MS. The foundation received its IRS ruling in 1998. The principal officer is Rebecca Montgomery. It holds total assets of $46.3M. Annual income is reported at $24.2M. Total assets have grown from $17.6M in 2011 to $41.5M in 2023. The foundation is governed by 9 officers and trustees. The foundation operates in the area of philanthropy & grantmaking. Tax records are available from 2016 to 2023. Grantmaking is concentrated in Mississippi. According to available records, Mississippi Power Foundation Inc. has made 269 grants totaling $4.7M, with a median grant of $5K. Annual giving has grown from $1.2M in 2020 to $2.1M in 2023. Individual grants have ranged from $100 to $385K, with an average award of $17K. The foundation has supported 185 unique organizations. The foundation primarily supports organizations in Mississippi, New York, Georgia, which account for 94% of all grants. Grantmaking reaches organizations across 12 states. Contributions to this foundation are tax-deductible.
Smallest Grant
$200
Median Grant
$3K
Average Grant
$14K
Largest Grant
$300K
Based on 89 grants from the most recent 990-PF filing.
No program descriptions are available for this foundation. Many private foundations report program activities in their annual 990-PF filings — check the Tax Filings section below for the most recent filing.
Mississippi Power Foundation Inc. primarily funds organizations in the area of philanthropy & grantmaking. Based on available records, the foundation has funded 269 grants. Its grantmaking reaches organizations primarily in MS, NY, GA.
Mississippi Power Foundation Inc. has distributed a total of $4.7M across 269 grants. The median grant size is $5K, with an average of $17K. Individual grants have ranged from $100 to $385K.
The application deadline is NO SUBMISSION DEADLINES.. Awards cannot be granted to an organization that is not either a tax-exempt entity under internal revenue code section 501(c)(3) or a government entity. The funds cannot be used to carry on propaganda or otherwise attempt to influence legislation, to influence the outcome of any specific public election or to conduct, either directly or indirectly, any voter registration drive, to fund a grant to an individual, to purchase electric appliances, install athletic field lighting, or to fund any other similar activity which would produce a tangible economic benefit to mississippi power company, nor can the mississippi power company or mississipp power foundation receive tickets, a table at a banquet, or any other item of value as a result of the contribution.
Mississippi Power Foundation Inc. is headquartered in GULFPORT, MS. While based in MS, the foundation distributes grants to organizations across 12 states.
| Name | Title | Compensation | Benefits | Total |
|---|---|---|---|---|
| Matt Grice | MEMBER - NON VOTING | $0 | $0 | N/A |
| Moses Feagin | TREASURER | $0 | $0 | N/A |
| Tommy Murphy | BOARD MEMBER | $0 | $0 | N/A |
| Billy Thornton | PRESIDENT | $0 | $0 | N/A |
| Shawn Shurden | SECRETARY | $0 | $0 | N/A |
| Fe Strickland | MEMBER - NON VOTING | $0 | $0 | N/A |
| Janice Dixon | MEMBER - NON VOTING | $0 | $0 | N/A |
| Stephen Stiglets | MEMBER - NON VOTING | $0 | $0 | N/A |
| Mr Steven Dick | EXECUTIVE DIRECTOR | $0 | $0 | N/A |
Total Giving
$2.8M
Total Assets
$41.5M
Fair Market Value
$41.5M
Net Worth
$41.4M
Grants Paid
$2.1M
Contributions
$4M
Net Investment Income
$922K
Distribution Amount
$2M
Total: $11.1M
Total Grants
269
Total Giving
$4.7M
Average Grant
$17K
Median Grant
$5K
Unique Recipients
185
Most Common Grant
$2K
of 2023 grantees were first-time recipients
| Recipient | Location | Amount | Year |
|---|---|---|---|
| Laurel High SchoolROOKIE TEAM FOR LAUREL HIGH SCHOOL #9503 | Laurel, MS | $5K | 2023 |
| United Way Of South MississippiMATCHING PAYMENT PROGRAM | Gulfport, MS | $385K | 2023 |
| Mississippi Gulf Coast Comm College FndnMATCHING EDUCATION GIFT PROGRAM | Gulfport, MS | $316K | 2023 |
| East Central Community College FoundationHERITAGE SCHOLARSHIP FOR UNDERPRIVILEGED STUDENTS | Decatur, MS | $110K | 2023 |
| Mississippi State University FoundationMATCHING EDUCATION GIFT PROGRAM/SOUTHERN COMPANY JOINT SCHOLARSHIP PROGRAM | Mississippi State, MS | $102K | 2023 |
| Partnership Foundation IncSMALL MINORITY BUSINESS GRANTS, FORREST AND LAMAR COUNTIES | Hattiesburg, MS | $100K | 2023 |
| United Way For Jackson & George CountiesMATCHING PAYMENT PROGRAM/ACT WORK PGM FOR MOSS POINT & OCEAN SPRINGS HIGH SCHOOL STUDENTS/MINORITY BUSINESS OWNER GRANTS | Pascagoula, MS | $86K | 2023 |
| Pearl River Comm Coll Development FdnPOPLARVILLE EXCEL BY 5 PROGRAM/HERITAGE SCHOLARSHPS | Poplarville, MS | $61K | 2023 |
| Laurel School DistrictNEW LAUREL STEM SCHOOL-STEM LAB SUPPLIES, STEM EQUIPMENT | Laurel, MS | $57K | 2023 |
| Center For Transformational ResilienceMENTAL HEALTH TRAINING FOR FIRST RESPONDERS | Eugene, MS | $56K | 2023 |
| Main Street PascagoulaCOMMUNITY INVESTMENT GRANT FOR DOWNTOWN PASCAGOULA REVITALIZATION PHASE 3 | Pascagoula, MS | $50K | 2023 |
| Maritime & Seafood Industry MuseumSPONSOR SEA & SAIL ADVENTURE CAMPS FOR CHILDREN/RESTORATION OF OLD PHOTOS | Biloxi, MS | $50K | 2023 |
| Main Street Leakesville OrganizationGREEN PARK UPGRADE CONTRIBUTION | Leakesville, MS | $50K | 2023 |
| United Way Of West Central MsDONATION FOR TORNADO RELIEF-ROLLING FORK RESIDENTS | Vicksburg, MS | $50K | 2023 |
| Moss Point Main Steeet AssociationCONTRIBUTION TOWARD ARPA GRANT - DOWNTOWN REVITALIZATION | Moss Point, MS | $40K | 2023 |
| Piney Woods Conservation GroupSUPPORT TO CONSERVE & PROTECT OPEN & GREEN PLACES OF ENVIRONMENTAL SIGNIFICANCE IN PINEBELT | Hattiesburg, MS | $35K | 2023 |
| Excel By 5 IncSUPPORT OF WORKSHOPS & RESOURCES FOR PARENTS OF CHILDREN UP TO 5 YEARS OLD | Jackson, MS | $35K | 2023 |
| The Nature ConservancyDONATION FOR SUPPORT OF THE MS. CHAPTER OF NATURE CONSERVANCY WORK | Madison, MS | $30K | 2023 |
| National Audubon Society IncPASCAGOULA RIVER AUDUBON CENTER FUNDING | New York, NY | $30K | 2023 |
| S Centr Ms Cons For Educ Excel & DvlmptMAKING CONNECTIONS EDUCATIONAL CONFERENCE | Hattiesburg, MS | $30K | 2023 |
| Jackson State Development FoundationJACKSON STATE UNIVERSITY HERITAGE SCHOLARSHIP | Jackson, MS | $25K | 2023 |
| Trust For Public LandRENOVATION/PRESERVATION OF MEMY NATIONAL MONUMENT | Los Angeles, CA | $25K | 2023 |
| Pascagoula-Gautier School DistrictCONTRIBUTION FOR LINE WORKER EQUIPMENT NEEDED TO TEACH CLASSES | Pascagoula, MS | $25K | 2023 |
| Home Of GraceDONATION TO ASSIST FAITH BASED ORGANIZATION HELPING THOSE STRUGGLING WITH DRUG AND ALCOHOL ADDITION. | Vancleave, MS | $20K | 2023 |
| Stone County School DistrictNEW WELDING BOOTHS FOR CAREER TECHNICAL PROGRAM | Wiggins, MS | $20K | 2023 |
| Icsc FoundationSUPPORT PROJECT DESTINED (5) STUDENTS FROM HBCUS & UNIVERSITIES | New York, NY | $20K | 2023 |
| University Of Southern Miss FoundationMATCHING EDUCATION GIFT PROGRAM | Hattiesburg, MS | $18K | 2023 |
| American Heart AssociationDONATION TO FOREST/LAMAR/JONES CTY HEART WALKS | Gulfport, MS | $17K | 2023 |
| Lynn Meadows Discovery CenterCONTRIBUTION-FREE FRDAY NIGHTS FOR UNDERPRIVILEGED CHILDREN | Gulfport, MS | $15K | 2023 |
| Gulf Coast Community FoundationLONG BEACH SCHOOL DISTRICT-TEACHERS, STUDENT SCHOLARSHIPS, GRANT RECOGNITION PGMS | Gulfport, MS | $11K | 2023 |
| Land Trust For The Mississippi Coastal PlainsSUPPORT RESOURCES TO CONSERVE AND RESTORE LANDS IN COASTAL COMMUNITIES | Biloxi, MS | $10K | 2023 |
| Jackson County School DistrictCONTRIBUTION FOR THE FABLAB | Vancleave, MS | $10K | 2023 |
| American Cancer Society IncSHUCK CANCER GULF COAST AND REAL MEN WEAR PINK FUNDRAISERS | Kennesaw, GA | $10K | 2023 |
| Program BelieveSUMMER CAMP AND PROGRAM AND TUTOR SUPPPLIES FOR MINORITY STUDENTS | Biloxi, MS | $10K | 2023 |
| Casa Of Southeast Mississippi IncSUPPORT ABUSED & NEGLECTED CHILDREN-JACKSON,GEORGE,GREENE COUNTIES | Pascagoula, MS | $8K | 2023 |
| Meridian Community College Foundation2023 HERITAGE SCHOLARSHIPS | Meridian, MS | $7K | 2023 |
| Team Fusion RoboticsSUPPORT TEAM FUSION ROBOTICS TEAM-GULFPORT HIGH | Gulfport, MS | $6K | 2023 |
| Mississippi Early Learning Alliance IncBUILDING FOR BABIES BREAKFASTS THROUGHOUT MISSISSIPPI | Jackson, MS | $6K | 2023 |
| Choctaw Area Council No 302 Boy ScoutsDONATION 2023 EAGLE CLUB RECOGNITION BREAKFAST | Meridian, MS | $6K | 2023 |
| Petal Education FoundationSUPPORT TEA HERO ROBOTICS TEAM | Petal, MS | $6K | 2023 |
| Picayune School DistrictSUPPORT TEAM CHAOS ROBOTICS TEAM | Picayune, MS | $6K | 2023 |
| West Harrison High School Storm 4107SUPPORT OF TEAM STORM ROBOTICS TEAM | Atlanta, GA | $6K | 2023 |
| Our Lady AcademySUPPORT TEAM ALPHA ROBOTICS | Bay St Louis, MS | $6K | 2023 |
| St Patrick Catholic High SchoolSUPPORT OF TEAM TEMPEST ROBOTICS TEAM | Biloxi, MS | $6K | 2023 |
| United Way Of East MississippiMATCHING PAYMENT PROGRAM | Meridian, MS | $6K | 2023 |
| Alcorn State University Foundation2023 EDUCATIONAL MATCHING GIFT PROGRAM | Lorman, MS | $6K | 2023 |
| Scott County School DistrictSUPPORT #9717 ROOKIE ROBOTICS TEAM | Forest, MS | $5K | 2023 |
| Puttin On The Pink Breast Cancer Fdn2023 GALA FUNDRAISER SUPPORT-GRANT FOR 8 SURVIVORS TO ATTEND | Picayune, MS | $5K | 2023 |
| Educate Social & Public Policy IncSUPPORT OF EDUCATION AND DEVELOPMENT OF DISADVANTAGED CHILDREN | Como, MS | $5K | 2023 |
| East Mississippi Foothills Land Trust IncSUPPORT THE WORK TO CONSERVE, PROMOTE AND PROTECT OPEN SPACES AND GREEN SPACES OF ECOLOGICAL, CULTURAL, OR SCENIC SIGNIFICANCE IN THE MOUNTIES OF EAST MISSISSIPPI | Meridian, MS | $5K | 2023 |
FLOWOOD, MS
JACKSON, MS
TUPELO, MS