Clement and Linda Mcgillicuddy

WEST PALM BEACH, FL EIN: 86-3485613

Clement and Linda Mcgillicuddy is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, 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.

Financial Overview

From 2024 IRS Form 990-PF · View filing

Total Assets

—

-100.0% YoY

Annual Giving

$6.7M

+1338.4% YoY

Grant Count

+100.0% YoY

Avg Grant Size

$3.4M

+619.2% YoY

Under IRS private-foundation payout rules, Clement and Linda Mcgillicuddy reported a distributable amount of $92K for 2024 — the minimum it must pay out in qualifying distributions.

About Clement and Linda Mcgillicuddy

Based on IRS filings

Focus Areas

Philanthropy, Voluntarism & Grantmaking

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Geographic Focus

Where this funder awards grants

Grant Distribution by State

Colorado $6.7M (80%)

Rhode Island $1.6M (19%)

Ohio $50K (1%)

New York $27K (0%)

Florida $10K (0%)

States

Colorado Florida New York Ohio Rhode Island

Cities

ClevelandLone TreeNew YorkWarwickWest Palm Beach

Financial History

Multi-year comparison from IRS filings

Revenue

Expenses

Qualifying Distributions

Net Investment Income

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

Giving Over Time

Total grant dollars and number of grants per year

Grant Insights

How this funder distributes its grants

Top Recipients

Top 2 recipients in 2024

Grant Size Distribution

8 grants across all recorded years

Giving History

Grant recipients and amounts by year

Among its reported 2024 grants, the largest include Schwab Charitable Fund ($6,700,000), Young Men's Young Women's Hebrew Association ($17,100).

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

Leadership & Key People

Officers and directors from IRS filings

Compensation Overview

From 2024 IRS filing

From 2024 filing

Name	Title	Hours	Compensation
CLEMENT MCGILLICUDDY	TRUSTEE	0.4	—
LINDA MCGILLICUDDY	TRUSTEE	0.1	—

Subject Areas

Focus areas based on grantmaking activity

Philanthropy, Voluntarism & Grantmaking

Frequently Asked Questions

What is Clement and Linda Mcgillicuddy?

Clement and Linda Mcgillicuddy is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in WEST PALM BEACH, FL. It holds — in total assets as of 2024.

Where does Clement and Linda Mcgillicuddy operate?

Clement and Linda Mcgillicuddy has awarded grants in Colorado, Florida, New York, Ohio, Rhode Island.

What size grants does Clement and Linda Mcgillicuddy award?

In 2024, Clement and Linda Mcgillicuddy awarded 2 grants totaling $6.7M — an average of about $3.4M per grant, based on its IRS Form 990 filings.

How much is Clement and Linda Mcgillicuddy required to give away each year?

Private foundations must generally distribute about 5% of their assets annually. For 2024, Clement and Linda Mcgillicuddy 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's EIN?

Clement and Linda Mcgillicuddy's EIN (Employer Identification Number) is 86-3485613. IRS Form 990 filing data is available on this page for 2021–2024.