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Nmi Foundation is a private corporation based in CHATTANOOGA, TN. The foundation received its IRS ruling in 2021. The principal officer is Donald E Morton. It holds total assets of $563K. Annual income is reported at $960K. Total assets have grown from $188K in 2020 to $8.6M in 2023. The foundation is governed by 3 officers and trustees. The foundation operates in the area of philanthropy & grantmaking. According to its most recent filing, the foundation only makes contributions to preselected charitable organizations. Tax records are available from 2020 to 2023. According to available records, Nmi Foundation has made 1 grants totaling $50K, with a median grant of $50K. Grant recipients are concentrated in Tennessee. Contributions to this foundation are tax-deductible.
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.
Nmi Foundation primarily funds organizations in the area of philanthropy & grantmaking. Based on available records, the foundation has funded 1 grants. Its grantmaking reaches organizations primarily in TN.
Nmi Foundation has distributed a total of $50K across 1 grants. The median grant size is $50K, with an average of $50K. Individual grants have ranged from $50K to $50K.
Nmi Foundation typically selects its grantees rather than accepting unsolicited proposals.
Nmi Foundation is headquartered in CHATTANOOGA, TN.
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| Name | Title | Compensation | Benefits | Total |
|---|---|---|---|---|
| R Kincaid Mills | PRESIDENT AND TREASURER | $0 | $0 | N/A |
| We Landis | SECRETARY | $0 | $0 | N/A |
| Olan Mills Ii | SECRETARY | $0 | $0 | N/A |
Total Giving
$1.3M
Total Assets
$8.6M
Fair Market Value
$8.6M
Net Worth
$8.6M
Grants Paid
$1.3M
Contributions
$5M
Net Investment Income
$196K
Distribution Amount
$195K
Total Grants
1
Total Giving
$50K
Average Grant
$50K
Median Grant
$50K
Unique Recipients
1
Most Common Grant
$50K
of 2021 grantees were first-time recipients
| Recipient | Location | Amount | Year |
|---|---|---|---|
| Girls Preparatory SchoolGENERAL SUPPORT | Chattanooga, TN | $50K | 2021 |
UNION CITY, TN
CHATTANOOGA, TN
NASHVILLE, TN