FXM Foundation
Preselected recipients only
FXM Foundation is a private foundation in Houston, Texas. In tax year 2024 it gave $198,714 in 11 grants; the typical grant was $7,000 and the largest $99,560. 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$198,714
- Number of grants11
- Typical grant$7,000
- Largest grant$99,560
- Assets$528,421
- New grantees27%
Giving in 2024 was up from $190,790 the year before.
27% of its 2024 grantees had not received a grant from it the year before, a mix of repeat and new grantees.
Giving by year
| Tax year | Grants paid | Number of grants | Assets |
|---|---|---|---|
| 2023 | $190,790 | 10 | $731,879 |
| 2024 | $198,714 | 11 | $528,421 |
How to apply
FXM 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 FXM Foundation funds
Where it gives
Its US grants went to recipients in 5 states, the most to Texas. It also paid $20,254 in 1 grant to recipients outside the US.
| State | Grants | Amount |
|---|---|---|
| Texas | 5 | $149,060 |
| Tennessee | 2 | $14,600 |
| Idaho | 1 | $7,800 |
| Colorado | 1 | $6,500 |
| Montana | 1 | $500 |
Grants paid in 2024
| Recipient | Purpose | Amount |
|---|---|---|
| Spanish Bible Fellowship | Charitable | $99,560 |
| Centro Familiar Cristiano | Charitable | $31,000 |
| Bethel Echegaray | Religious | $20,254 |
| Crown Financial Min | Charitable | $8,000 |
| Mission Aviation | Charitable | $7,800 |
| Grace Ministries Int | Charitable | $7,000 |
| Child Evangelism Fellow | Charitable | $6,600 |
| World Venture | Charitable | $6,500 |
| Guillermo Villanueva Ministries | Charitable | $6,000 |
| Global Fellowship | Charitable | $5,500 |
| Montanan Widerness | Charitable | $500 |
Officers and trustees
- Francisco Javier Morales Carrillo
- Gloria Angelica Mercado de Morales
- Ruth Morales Mercado
- Miriam Angelica Morales Mercado
- Ana Priscila Morales Mercado
Questions people ask
Does FXM Foundation accept grant applications?
No. Its IRS filing says it only makes contributions to preselected organizations.
How much does FXM Foundation give?
$198,714 in tax year 2024, across 11 grants, with a typical grant of $7,000.
Who runs FXM Foundation?
Its 2024 filing lists Francisco Javier Morales Carrillo (Ceo), Gloria Angelica Mercado de Morales (Director), Ruth Morales Mercado (Cfo) and Miriam Angelica Morales Mercado (Director) among 5 officers and trustees.
What does FXM Foundation fund?
Based on its grants, mainly faith communities and international.