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.

For the year ending 12/2020, Mgm Resorts Foundation generated $16.7m in total revenue. This organization has experienced exceptional growth, as over the past 6 years, it has increased revenue by an average of 18.7% each year . All expenses for the organization totaled $19.4m during the year ending 12/2020. While expenses have increased by 25.7% per year over the past 6 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.

Since 2016, Mgm Resorts Foundation has awarded 638 individual grants totaling $26,924,473. 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

2020

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.


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
Tony Gladney
Chair
$0
Vesela Zehirev
Director
$0
Maria Jose Gatti
Director
$0
Jyotit Chopra
Director
$0
Rick Jost
Director
$0

Financial Statements

Statement of Revenue
Federated campaigns$0
Membership dues$0
Fundraising events$0
Related organizations$6,025,424
Government grants $0
All other contributions, gifts, grants, and similar amounts not included above$10,637,660
Noncash contributions included in lines 1a–1f $25,424
Total Revenue from Contributions, Gifts, Grants & Similar$16,663,084
Total Program Service Revenue$0
Investment income $2,372
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 $16,665,456

Grants Awarded

Over the last fiscal year, Mgm Resorts Foundation has awarded $7,450,660 in support to 192 organizations.

Grant RecipientAmount

UNDER 5000

|

|

$505,042

UNDER 5000

|

|

$505,042

FOUNDATION FOR WOMEN'S LEADERSHIP

Org PageRecipient Profile

Las Vegas, NV

|

$146,371

FOUNDATION FOR WOMEN'S LEADERSHIP

Org PageRecipient Profile

Las Vegas, NV

|

$146,371

NEVADA CHILDHOOD CANCER FOUNDATION

Org PageRecipient Profile

Las Vegas, NV

|

$124,234

NEVADA CHILDHOOD CANCER FOUNDATION

Org PageRecipient Profile

Las Vegas, NV

|

$124,234
View Grant Profile

Grants Recieved

Over the last fiscal year, we have identified 2 grants that Mgm Resorts Foundation has recieved totaling $105,000.

Awarding OrganizationAmount
Salem Foundation

Providence, RI

PURPOSE: BRINGS THE BEST OF OUR EMPLOYEE VOLUNTEER AND CHARITABLE EFFORTS TOGETHER WITH GREATER IMPACT ANDGREATER CHOICE. THE MGM RESORTS FOUNDATION FOCUSES EMPLOYEE CHARITABLE CONTRIBUTIONS TO NONPROFITAGENCIES AND COMMUNITY ORGANIZATIONS.

$100,000
Jdm Foundation Inc

Burbank, CA

PURPOSE: TO PROVIDE EMPLOYEES AND IMMEDIATE FAMILIES WITH SHORT-TERM ASSISTANCE DURING UNEXPECTED TO PROVIDE EMPLOYEES AND IMMEDIATE FAMILIES WITH SHORT-TERM ASSISTANCE DURING UNEXPECTED HARDSHIPS

$5,000
View Grant Recipient Profile

Peer Organizations

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