Mgm Resorts Foundation

Organization Overview

Mgm Resorts Foundation is located in Las Vegas, NV. The organization was established in 2002. According to its NTEE Classification (T30) the organization is classified as: Public Foundations, under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Mgm Resorts Foundation is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.

For the year ending 12/2023, Mgm Resorts Foundation generated $4.2m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 8 years, the organization has seen revenues fall by an average of (3.2%) each year. All expenses for the organization totaled $4.2m during the year ending 12/2023. You can explore the organizations financials more deeply in the financial statements section below.

Since 2016, Mgm Resorts Foundation has awarded 981 individual grants totaling $36,203,079. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2023

Describe the Organization's Mission:

Part 3 - Line 1

THE MGM RESORTS FOUNDATION BRINGS THE BEST OF OUR EMPLOYEE VOLUNTEER AND CHARITABLE EFFORTS TOGETHER WITH GREATER IMPACT AND GREATER CHOICE. THE MGM RESORTS FOUNDATION FOCUSES EMPLOYEE CHARITABLE CONTRIBUTIONS TO NON-PROFIT AGENCIES AND COMMUNITY ORGANIZATIONS. THIS GIVES EMPLOYEES WHO SUPPORT THE FOUNDATION GREATER CONTROL AND IMPACT OVER THEIR DONATIONS AND THE ABILITY TO SUPPORT ORGANIZATIONS IN THE COMMUNITIES WE ALL LIVE, WORK AND CARE FOR OUR FAMILIES.

Describe the Organization's Program Activity:

Part 3 - Line 4a

THE MGM RESORTS FOUNDATION CONSOLIDATES THE CHARITABLE GIVING EFFORTS OF THE MGM RESORTS INTERNATIONAL EMPLOYEES IN ORDER TO MAXIMIZE RESOURCES AND BENEFITS FOR THE COMMUNITIES IN WHICH THESE EMPLOYEES LIVE, WORK AND CARE FOR THEIR FAMILIES. THIS IS ACCOMPLISHED THROUGH PROVIDING GRANTS AND CHARITABLE DONATIONS TO CHARITIES IN THE EMPLOYEES' COMMUNITIES.


THE EMPLOYEE EMERGENCY GRANT (EEG) & CHILDREN'S MEDICAL SUPPORT FUND COMPRISE FUNDING ALLOCATED TO SUPPORT EMPLOYEES IN TIMES OF AN EMERGENCY. IT IS DESIGNED TO PROVIDE EMPLOYEES AND IMMEDIATE FAMILIES WITH SHORT-TERM ASSISTANCE DURING UNEXPECTED HARDSHIPS. GRANTS ARE USED TO COVER HARDSHIP EXPENSES SUCH AS FOOD OR CLOTHING ASSISTANCE, TEMPORARY HOUSING, SUPPORT IN PAYING RENT, MORTGAGES OR UTILITIES, OR FOR MEDICAL OR HOSPITAL BILL PAYMENTS.


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Board, Officers & Key Employees

Name (title)Compensation
Jyoti Chopra
Director
$0
Maria Gatti
President
$0
Rick Jost
Director
$0
Andy Meese
Director
$0
Doug Sandoval
Treasurer
$0
Danielle White
Director
$0

Financial Statements

Statement of Revenue
Federated campaigns$0
Membership dues$0
Fundraising events$0
Related organizations$0
Government grants $0
All other contributions, gifts, grants, and similar amounts not included above$4,205,168
Noncash contributions included in lines 1a–1f $0
Total Revenue from Contributions, Gifts, Grants & Similar$4,205,168
Total Program Service Revenue$0
Investment income $23,840
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $0
Net Gain/Loss on Asset Sales $0
Net Income from Fundraising Events $0
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $0
Miscellaneous Revenue$0
Total Revenue $4,229,008

Grants Awarded

Over the last fiscal year, Mgm Resorts Foundation has awarded $3,522,544 in support to 123 organizations.

Grant RecipientAmount

826DC INC

|

|

$10,000

A PLACE FOR US ATLANTIC COUNTY WOME

|

|

$10,000

A WIDER CIRCLE INC

|

|

$10,000

ALLIANCE FOR CHILDHOOD DISEASES

|

|

$80,500

AMERICAN CANCER SOCIETY INC

|

|

$7,813

AMERICAN NATIONAL RED CROSS

|

|

$34,184
View Grant Profile

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