MGM Resorts Foundation

The MGM Resorts Foundation is a public foundation established in 2002 as part of MGM Resorts International, a global entertainment company. The foundation's primary mission is to enhance the well-being of communities where MGM Resorts operates by providing financial support to various nonprofit organizations.

History and Mission

Since its inception, the MGM Resorts Foundation has raised over $100 million and supported more than 1,500 charitable organizations across the United States. The foundation serves as a platform for MGM Resorts employees to contribute to important charitable causes, fostering a culture of philanthropy and community engagement within the company.

Grants and Funding Areas

The foundation awards two types of grants:

• Employee Emergency Grants: These grants are designed to support MGM Resorts employees facing emergencies.

• Community Grants: These grants are awarded to nonprofits operating in the communities where MGM Resorts has a presence, including regions like Southern Nevada, Michigan, New Jersey, Southern Mississippi/Louisiana, Northeast Ohio, Washington Metropolitan Area, Westchester and Bronx Counties, New York, and Western Massachusetts. The grants focus on areas such as:

  • Affordable Housing
  • Economic Opportunity and Workforce Development
  • Education (K-12)
  • Family Services
  • Food Insecurity
  • Health and Wellness
  • Homelessness
  • Services for Seniors
  • Services for Veterans and Military Families

Decisions on community grants are made by regional Community Grant Councils, which are composed of volunteer MGM Resorts employees. These councils evaluate proposals from local nonprofits and determine how funds will be allocated.

Financial Profile

As a nonprofit, the MGM Resorts Foundation relies primarily on contributions from MGM Resorts employees and guests. It is classified under the North American Industrial Classification System (NTEE) as a philanthropy, voluntarism, and grantmaking foundation, making donations to the organization tax-deductible. The foundation's financial profile includes significant revenue from contributions and investment income, with minimal liabilities.

Impact and Strategy

In recent years, the foundation has awarded substantial sums to local nonprofits. For instance, in 2023, it granted over $2.7 million to 107 organizations across its operational regions. The foundation's strategy aligns with MGM Resorts' broader commitment to social responsibility and sustainability, reflecting a vision to strengthen community resiliency and promote social impact guided by the United Nations Sustainable Development Goals.

Overall, the MGM Resorts Foundation plays a pivotal role in fostering community development and enhancing quality of life in underserved populations through its grant-making initiatives and commitment to community engagement.

[1] https://www.mgmresorts.com/en/company/foundation/about.html [2] https://investors.mgmresorts.com/investors/news-releases/press-release-details/2023/MGM-RESORTS-FOUNDATION-AWARDS-MORE-THAN-2-7-MILLION-TO-LOCAL-NONPROFIT-ORGANIZATIONS/default.aspx [3] https://opengrants.io/understanding-mgm-foundation-grants-an-in-depth-tutorial-for-nonprofits/ [4] https://projects.propublica.org/nonprofits/organizations/10640027 [5] https://www.instrumentl.com/grants/mgm-resorts-foundation-community-grant-fund