Nmi Foundation
Preselected recipients only
Nmi Foundation is a private foundation in Chattanooga, Tennessee. In tax year 2024 it gave $9.0 million in 3 grants; the typical grant was $1.0 million and the largest $8.0 million. It only gives to organizations it selects itself and does not accept unsolicited applications.
From its IRS Form 990-PF for tax year 2024.
- Grants paid, 2024$9.0 million
- Number of grants3
- Typical grant$1.0 million
- Largest grant$8.0 million
- Assets$562,607
- New grantees67%
Giving in 2024 was up from $1.3 million the year before.
67% of its 2024 grantees had not received a grant from it the year before, a sign it is open to new organizations.
Giving by year
| Tax year | Grants paid | Number of grants | Assets |
|---|---|---|---|
| 2023 | $1.3 million | 3 | $8.6 million |
| 2024 | $9.0 million | 3 | $562,607 |
How to apply
Nmi Foundation says in its IRS filing that it only makes contributions to preselected organizations, so unsolicited applications are unlikely to be considered. Organizations it funds are usually invited.
What Nmi Foundation funds
Where it gives
All of its grants went to recipients in Tennessee.
| State | Grants | Amount |
|---|---|---|
| Tennessee | 3 | $9.0 million |
Grants paid in 2024
| Recipient | Purpose | Amount |
|---|---|---|
| Girls Preparatory School | Establishment and funding of the sharon mills sustainability fund which is aimed at ensuring the girls preparatory school achieves long term financial and environmental sustainability. | $8.0 million |
| Chattanooga Area Food Bank | Supports sourcing and purchase of fresh vegetables and fruits, proteins, dairy, and shelf stable foods; adding staffing and professional development; capital improvements; purchase of reefer truck and van; computer technology. | $1.0 million |
| Tivoli Theatre Foundation | Supports the capital renovation campaign providing the following for permanent art (steel and glass sculpture) being installed during the renovation: off-site storage (while under construction), engineering and architecture fees, and materials and labor. | $15,000 |
Officers and trustees
- R Kincaid Mills
- Olan Mills II
Questions people ask
Does Nmi Foundation accept grant applications?
No. Its IRS filing says it only makes contributions to preselected organizations.
How much does Nmi Foundation give?
$9.0 million in tax year 2024, across 3 grants, with a typical grant of $1.0 million.
Who runs Nmi Foundation?
Its 2024 filing lists R Kincaid Mills (President and Treasurer) and Olan Mills II (Secretary).
What does Nmi Foundation fund?
Based on its grants, mainly education, environment and conservation and youth programs.