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Mnm Foundation is a private trust based in WALPOLE, MA. The foundation received its IRS ruling in 2017. The principal officer is % Samir A Desai. It holds total assets of $1.5M. Annual income is reported at $3.6M. The foundation operates in the area of philanthropy & grantmaking. According to available records, Mnm Foundation has made 3 grants totaling $222K, with a median grant of $73K. Annual giving has decreased from $145K in 2022 to $77K in 2023. Individual grants have ranged from $73K to $77K, with an average award of $74K. Grant recipients are concentrated in Massachusetts. Contributions to this foundation are tax-deductible.
Mnm Foundation primarily funds organizations in the area of philanthropy & grantmaking. Based on available records, the foundation has funded 3 grants. Its grantmaking reaches organizations primarily in MA.
Mnm Foundation has distributed a total of $222K across 3 grants. The median grant size is $73K, with an average of $74K. Individual grants have ranged from $73K to $77K.
Mnm Foundation typically selects its grantees rather than accepting unsolicited proposals.
Mnm Foundation is headquartered in WALPOLE, MA.
| Name | Title | Compensation | Benefits | Total |
|---|---|---|---|---|
| Samir Desai | Trustee | $0 | $0 | $0 |
| Nilima Desai | Trustee | $0 | $0 | $0 |
Total Giving
$83K
Total Assets
$1.4M
Fair Market Value
$1.5M
Net Worth
$1.4M
Grants Paid
$77K
Contributions
$0
Net Investment Income
$82K
Distribution Amount
$75K
Total: $1.4M
Total Grants
3
Total Giving
$222K
Average Grant
$74K
Median Grant
$73K
Unique Recipients
1
Most Common Grant
$73K
of 2023 grantees were first-time recipients
| Recipient | Location | Amount | Year |
|---|---|---|---|
| Desai FoundationGENERAL SUPPORT | Bedford, MA | $77K | 2023 |
Other foundations that have funded Mnm Foundation.
| Funder | Amount | Year | Purpose |
|---|---|---|---|
| Sapiente Family Foundation | $1K | 2023 | Unrestricted Donation |
| Sapiente Family Foundation | $1K | 2022 | Unrestricted Donation |
| Sapiente Family Foundation | $1K | 2022 | Unrestricted Donation |
| 2018 | 990PF | View |
| 2017 | 990PF | View |
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