Dale & Nancy Mcghee Foundation Inc
Dale & Nancy Mcghee Foundation Inc is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in DURHAM, NC. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $375K in total assets. In 2024, it awarded 5 grants totaling $25K. Net investment income was $28K.
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$375K
+15.0% YoY
Annual Giving
$25K
+51.5% YoY
Grant Count
5
-50.0% YoY
Avg Grant Size
$5K
+203.0% YoY
Under IRS private-foundation payout rules, Dale & Nancy Mcghee Foundation Inc reported a distributable amount of $17K for 2024 — the minimum it must pay out in qualifying distributions.
About Dale & Nancy Mcghee Foundation Inc
Based on IRS filings
Dale & Nancy Mcghee Foundation Inc is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in DURHAM, NC. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $375K in total assets. In 2024, it awarded 5 grants totaling $25K. Net investment income was $28K.
Focus Areas
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Geographic Focus
Where this funder awards grants
Grant Distribution by State
Cities
Financial History
Multi-year comparison from IRS filings
| Metric | 2024 | 2023 | 2022 |
|---|---|---|---|
| Total Assets | $374,806 | $325,829 | $271,319 |
| Revenue | $27,507 | $17,403 | $10,858 |
| Expenses | $25,892 | $17,301 | $15,899 |
| Qualifying Distributions | $25,000 | $16,500 | $15,000 |
| Net Investment Income | $27,507 | $17,403 | $10,858 |
| Distributable Amount | $17,473 | $14,632 | $14,764 |
Giving Over Time
Total grant dollars and number of grants per year
Grant Insights
How this funder distributes its grants
Top Recipients
Top 5 recipients in 2024
Grant Size Distribution
32 grants across all recorded years
Giving History
Grant recipients and amounts by year
Among its reported 2024 grants, the largest include Spca of Martinsville & Henry County ($5,000), Asheville Humane Society ($5,000), Forsyth Humane Society of Nc ($5,000).
| Recipient | Purpose | Amount |
|---|---|---|
| SPCA OF MARTINSVILLE & HENRY COUNTY MARTINSVILLE, VA | CHARITABLE | $5,000 |
| ASHEVILLE HUMANE SOCIETY ASHEVILLE, NC | CHARITABLE | $5,000 |
| FORSYTH HUMANE SOCIETY OF NC WINSTONSALEM, NC | CHARITABLE | $5,000 |
| GREATER GOOD CHARITIES SEATTLE, WA | CHARITABLE | $5,000 |
| FEEDING THE CAROLINAS CLEMMONS, NC | CHARITABLE | $5,000 |
Leadership & Key People
Officers and directors from IRS filings
Compensation Overview
From 2024 IRS filing
From 2024 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| LAWRENCE DALE MCGHEE SR | PRESIDENT | 1 | — |
| MAUREEN A HANNAHOE | SECRETARY | 1 | — |
| LAWRENCE DALE MCGHEE JR | PRES AND TRE | 2 | — |
Subject Areas
Focus areas based on grantmaking activity
Frequently Asked Questions
What is Dale & Nancy Mcghee Foundation Inc?
Dale & Nancy Mcghee Foundation Inc is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in DURHAM, NC. It holds $375K in total assets as of 2024.
How large is Dale & Nancy Mcghee Foundation Inc?
As of 2024, Dale & Nancy Mcghee Foundation Inc holds $375K in total assets with $28K in annual revenue. It awarded 5 grants totaling $25K in 2024.
Where does Dale & Nancy Mcghee Foundation Inc operate?
Dale & Nancy Mcghee Foundation Inc has awarded grants in California, Colorado, Illinois, Michigan, North Carolina, New York, Tennessee, Virginia, Washington.
What size grants does Dale & Nancy Mcghee Foundation Inc award?
In 2024, Dale & Nancy Mcghee Foundation Inc awarded 5 grants totaling $25K — an average of about $5K per grant, based on its IRS Form 990 filings.
How much is Dale & Nancy Mcghee Foundation Inc required to give away each year?
Private foundations must generally distribute about 5% of their assets annually. For 2024, Dale & Nancy Mcghee Foundation Inc reported a distributable amount of $17K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.
What is Dale & Nancy Mcghee Foundation Inc's EIN?
Dale & Nancy Mcghee Foundation Inc's EIN (Employer Identification Number) is 47-4597320. IRS Form 990 filing data is available on this page for 2020–2024.
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Data last updated April 2026. Sourced from IRS Form 990-PF filings.
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