Mfi Foundation

Organization Overview

Mfi Foundation is located in Austin, TX. The organization was established in 1998. According to its NTEE Classification (T20) the organization is classified as: Private Grantmaking 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. Mfi 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 12/2021, Mfi Foundation generated $1.8m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (7.2%) each year. All expenses for the organization totaled $1.3m during the year ending 12/2021. As we would expect to see with falling revenues, expenses have declined by (1.9%) per year over the past 7 years. You can explore the organizations financials more deeply in the financial statements section below.

Since 2014, Mfi Foundation has awarded 410 individual grants totaling $9,123,427. 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.

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Financial Statements

Statement of Revenue
Contributions, Gifts, Grants & Similar $250,000
Interest on Savings $0
Dividends & Interest $446,986
Net Rental Income$0
Net Gain on Sale of Assets $1,084,259
Capital Gain Net Income $1,084,259
Net ST Capital Gain $0
Income Modifications $0
Profit on Inventory Sales $0
Other Income -$27,527
Total Revenue $1,753,718

Grants Awarded

Over the last fiscal year, Mfi Foundation has awarded $1,024,320 in support to 60 organizations.

Grant RecipientAmount

AUSTIN COMMUNITY FOUNDATION

Org PageRecipient Profile

Austin, TX

PURPOSE: TO SUPPORT ORGANIZATION'S EXEMPT PURPOSE

$160,000

PLANNED PARENTHOOD

PURPOSE: TO SUPPORT ORGANIZATION'S EXEMPT PURPOSE

$111,600

WATERLOO GREENWAY CONSERVANCY

PURPOSE: TO SUPPORT ORGANIZATION'S EXEMPT PURPOSE

$107,000

CARITAS OF AUSTIN

PURPOSE: TO SUPPORT ORGANIZATION'S EXEMPT PURPOSE

$105,000

MOBILE LOAVES & FISHES

Org PageRecipient Profile

Austin, TX

PURPOSE: TO SUPPORT ORGANIZATION'S EXEMPT PURPOSE

$102,500

UNIVERSITY OF TEXAS AT AUSTIN

PURPOSE: TO SUPPORT ORGANIZATION'S EXEMPT PURPOSE

$51,500
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