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Mmtl Foundation is a private corporation based in GERMANTOWN, MD. The foundation received its IRS ruling in 2017. The principal officer is % Kimberly Mann Esq Secretary. It holds total assets of $3.7M. Annual income is reported at $1.8M. The foundation operates in the area of philanthropy & grantmaking. According to available records, Mmtl Foundation has made 13 grants totaling $405K, with a median grant of $40K. Annual giving has grown from $70K in 2020 to $320K in 2022. Individual grants have ranged from $5K to $50K, with an average award of $31K. The foundation has supported 9 unique organizations. The foundation primarily supports organizations in Maryland, Louisiana, District of Columbia, which account for 85% of all grants. Grantmaking reaches organizations across 5 states. Contributions to this foundation are tax-deductible.
Mmtl Foundation primarily funds organizations in the area of philanthropy & grantmaking. Based on available records, the foundation has funded 13 grants. Its grantmaking reaches organizations primarily in MD, LA, DC.
Mmtl Foundation has distributed a total of $405K across 13 grants. The median grant size is $40K, with an average of $31K. Individual grants have ranged from $5K to $50K.
NO DISQUALIFIED PERSON (AS DEFINED BY THE CODE), INCLUDING MEMBERS OF THE FOUNDATION'S BOARD OF DIRECTORS, OFFICERS OR SUBSTANTIAL DONORS, OR A FAMILY MEMBER OF ANY OF THE FOREGOING, WILL BE ELIGIBLE TO RECEIVE A SCHOLARSHIP. SCHOLARSHIP RECIPIENTS MUST BE UNITED STATES CITIZENS AND BE IN NEED OF FINANCIAL ASSISTANCE. ACADEMIC PERFORMANCE IN SECONDARY SCHOOL WILL BE CONSIDERED FOR ENTERING FRESHMAN. FOR STUDENTS WHO ARE NOT ENTERING FRESHMEN, RECIPIENTS MUST MAINTAIN A GRADE POINT AVERAGE OF AT LEAST 2.75 ON A 4.0 SCALE.
Mmtl Foundation is headquartered in GERMANTOWN, MD. While based in MD, the foundation distributes grants to organizations across 5 states.
| Name | Title | Compensation | Benefits | Total |
|---|---|---|---|---|
| Kenneth E West Esq | DIRECTOR, SECRETARY | $0 | $0 | $0 |
| Kimberly V Mann Esq | DIRECTOR, PRESIDENT, TREAS | $0 | $0 | $0 |
Total Giving
$100K
Total Assets
$3.7M
Fair Market Value
$4M
Net Worth
$3.7M
Grants Paid
$50K
Contributions
$7K
Net Investment Income
$78K
Distribution Amount
$188K
Total: $2.9M
Total Grants
13
Total Giving
$405K
Average Grant
$31K
Median Grant
$40K
Unique Recipients
9
Most Common Grant
$50K
of 2022 grantees were first-time recipients
| Recipient | Location | Amount | Year |
|---|---|---|---|
| Grambling Unniversity Foundation IncSUPPORT ORGANIZATION'S MISSION | Grambling, LA | $50K | 2022 |
| Morgan State University Foundation IncSUPPORT ORGANIZATION'S MISSION | Baltimore, MD | $50K | 2022 |
| Mt Calvary United Methodist ChurchSUPPORT ORGANIZATION'S MISSION | Fruitland, MD | $40K | 2022 |
| Wor-Wic Community College FoundationSUPPORT ORGANIZATION'S MISSION | Salisbury, MD | $20K | 2022 |
| Continental Societies Inc - Metropolitan Philadelphia Area ChapterSUPPORT ORGANIZATION'S MISSION. | Flourtown, PA |
| 2018 | 990PF | View |
| $10K |
| 2021 |
| Les Gemmes Inc - Elizabeth River ChapterSUPPORT ORGANIZATION'S MISSION. | Chesapeake, VA | $5K | 2021 |
| Grambling University Foundation IncSUPPORT ORGANIZATION'S MISSION. | Grambling, LA | $50K | 2020 |
| Continental Societies IncSUPPORT ORGANIZATION'S MISSION. | Washington, DC | $10K | 2020 |
| Univ Of Maryland Eastern Shore FoundationSUPPORT ORGANIZATION'S MISSION. | Princess Anne, MD | $10K | 2020 |
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