The Tennessee State Capitol

Form 990-PFTax year 2024EIN 85-3583237

Nmi Foundation

A private foundation in Chattanooga, TN. Its return for tax year 2024 lists 3 grants and $9 million paid in grants.

Tax year 2024 (period ending Dec 31, 2024), read from the IRS e-file on Nov 11, 2026. Returns reach the IRS 5 to 18 months after the year they describe.

How to apply

Preselected only

The return checks the box saying the foundation gives only to preselected organizations and does not accept unsolicited requests.

Assets and giving by year

5 returns on file
Grants paid by tax year. The latest year is in blue.
  • Tax year 2024

    $9,027,000

    Grants listed
    3
    Assets, end of year
    $562,607
  • Tax year 2023

    $1,303,000

    Grants listed
    3
    Assets, end of year
    $8,645,071
  • Tax year 2022

    $0

    Grants listed
    0
    Assets, end of year
    $4,752,604
  • Tax year 2021

    $50,000

    Grants listed
    1
    Assets, end of year
    $1,736,941
  • Tax year 2020

    $12,000

    Grants listed
    2
    Assets, end of year
    $188,000

Grants paid in 2024

3 grants, largest first

As listed on the return.

  1. Girls Preparatory SchoolChattanooga, TN

    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.

    $8,000,000
  2. Chattanooga Area Food BankChattanooga, TN

    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.

    $1,012,000
  3. Tivoli Theatre FoundationChattanooga, TN

    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

Where the money goes

By cause: grants to organizations we matched to the IRS list of exempt organizations, by their category.

  1. Education1 grant $8,000,00089% of the total
  2. Food and agriculture1 grant $1,012,00011% of the total
  3. Arts and culture1 grant $15,000<1% of the total

By State

Grants to organizations with a US address, latest year.

  1. Tennessee3 grants $9,027,000

Officers, directors and trustees

2 people as filed

As filed on the return, with average hours per week and pay from the foundation.

  • R Kincaid MillsPRESIDENT AND TREASURER Hours 1Pay $0
  • Olan Mills IISECRETARY Hours 0.5Pay $0

The return

More foundations

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Same main cause (education), giving between a quarter and four times this foundation’s where possible, nearby first.

  1. R Brad Martin Family FoundationChattanooga, TN 63 grants Preselected only $2,587,585 giving
  2. Kennedy Foundation IncChattanooga, TN 15 grants Accepts applications $2,262,000 giving
  3. Scarlett Family FoundationNashville, TN 258 grants Accepts applications $9,210,731 giving
  4. The Boyd FoundationKnoxville, TN 60 grants Accepts applications $9,414,140 giving
  5. The Lauren and Lee Fixel Family Foundation IncNashville, TN 24 grants Preselected only $8,580,337 giving