Clement and Linda McGillicuddy Foundation
Clement and Linda McGillicuddy Foundation is a private foundation, based in West Palm Beach, FL. IRS filing data is available from 2021 through 2024. In 2024, it awarded 2 grants totaling $6.7M. Net investment income was $513K.
Key facts about Clement and Linda McGillicuddy Foundation
In short: Clement and Linda McGillicuddy Foundation gave $6.7M across 2 grants in 2024 (avg $3.4M), mostly in Colorado. Source: 2024 IRS Form 990-PF.
- EIN
- 86-3485613
- Latest 990 filing
- Form 990-PF, 2024
- Annual giving (2024)
- $6,717,100
- Grants made (2024)
- 2
- Average grant
- $3,358,550
- Median grant
- $3,358,550
- Primary geography
- Colorado (100% of itemized 2024 grant dollars)
Data from IRS Form 990-PF, 2024; updated September 2026.
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
—
Annual Giving
$6.7M
+1338.4% YoY
Grant Count
2
+100.0% YoY
Avg Grant Size
$3.4M
+619.2% YoY
Under IRS private-foundation payout rules, Clement and Linda McGillicuddy Foundation reported a distributable amount of $92K for 2024 — the minimum it must pay out in qualifying distributions.
How Clement and Linda McGillicuddy Foundation gives
- Giving grew 1360% from 2021 to 2024. Method
- In 2024 it paid out well above its IRS minimum distribution (the 5% rule). Method
From the foundation's IRS Form 990-PF filings. Methodology.
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Geographic Focus
Where this funder awards grants
Grant Distribution by State
Share of 2024 grant dollars across all 2 itemized grants.
Cities
Giving Over Time
Total grant dollars and number of grants per year
From 2021 to 2024, annual grant giving ranged from $460K (2021) to $6.7M (2024). In 2024 it made 2 grants totaling $6.7M.
Grant Insights
How this funder distributes its grants
Top Recipients
Top 2 recipients in 2024
The largest 2024 recipient was Schwab Charitable Fund ($6.7M). Together the top 2 received $6.7M.
Grant Size Distribution
8 grants across all recorded years
The most common grant size was under $50K: 3 grants of 8 (38%).
Giving History
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| Schwab Charitable Fund Lone Tree, CO | Various Charitable Organizations | $6,700,000 |
| Young Men's Young Women's Hebrew Association New York, NY | Charitable | $17,100 |
Financial History
Multi-year comparison from IRS filings
| Metric | 2024 | 2023 | 2022 |
|---|---|---|---|
| Total Assets | — | $6,337,261 | $8,009,600 |
| Revenue | $525,039 | $1,069,005 | $-1,519,940 |
| Expenses | $6,862,300 | $512,619 | $897,883 |
| Qualifying Distributions | $6,728,726 | $468,511 | $735,000 |
| Net Investment Income | $513,387 | $683,360 | $366,119 |
| Distributable Amount | $91,507 | $293,688 | $376,637 |
Data update history
When this profile's IRS filing data changed on Grantable
- IRS filings on file for fiscal years 2021–2024
Leadership & Key People
Officers and directors from IRS filings
Clement and Linda McGillicuddy Foundation's 2024 filing lists 2 officers; none of the 2 officers listed in 2024 report compensation.
Officers on the 2024 filing
Clement McGillicuddy
Trustee
On filings since 2021
0.4 hrs/week
No compensation reported
Linda McGillicuddy
Trustee
On filings since 2021
0.1 hrs/week
No compensation reported
Data from IRS Form 990 filings, 2021–2024. "On filings since" is the earliest filing we hold that lists the person; hours are average hours per week as reported.
Frequently asked questions about Clement and Linda McGillicuddy Foundation
How much does Clement and Linda McGillicuddy Foundation give each year?
Clement and Linda McGillicuddy Foundation gave $6.7M across 2 grants in 2024, according to its 2024 IRS Form 990-PF. In 2023 it gave $467K across 1 grant.
Where does Clement and Linda McGillicuddy Foundation operate?
Clement and Linda McGillicuddy Foundation has awarded grants in Colorado, Florida, New York, Ohio, Rhode Island.
How much is Clement and Linda McGillicuddy Foundation required to give away each year?
Private foundations must generally distribute about 5% of their assets annually. For 2024, Clement and Linda McGillicuddy Foundation reported a distributable amount of $92K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.
What is Clement and Linda McGillicuddy Foundation's EIN?
Clement and Linda McGillicuddy Foundation's EIN (Employer Identification Number) is 86-3485613. IRS Form 990 filing data is available on this page for 2021–2024.
Data last updated September 2026. Sourced from IRS Form 990-PF filings.
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