Damian P & Marie Mccarthy Alagia

LOUISVILLE, KY EIN: 31-1472535

Damian P & Marie Mccarthy Alagia is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in LOUISVILLE, KY. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $647K in total assets. In 2024, it awarded 1 grants totaling $40K. Net investment income was $15K.

Financial Overview

From 2024 IRS Form 990-PF · View filing

Total Assets

$647K

+12.7% YoY

Annual Giving

$40K

Grant Count

Avg Grant Size

$40K

Under IRS private-foundation payout rules, Damian P & Marie Mccarthy Alagia reported a distributable amount of $38K for 2024 — the minimum it must pay out in qualifying distributions.

About Damian P & Marie Mccarthy Alagia

Based on IRS filings

Focus Areas

Philanthropy, Voluntarism & Grantmaking

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Geographic Focus

Where this funder awards grants

Grant Distribution by State

Kentucky $80K (100%)

States

Kentucky

Cities

Louisville

Financial History

Multi-year comparison from IRS filings

Revenue

Expenses

Qualifying Distributions

Net Investment Income

Metric	2024	2023	2022
Total Assets	$646,612	$573,748	$556,031
Revenue	$14,767	$18,071	$13,358
Expenses	$46,620	$354	$44,506
Qualifying Distributions	$40,000	—	$40,000
Net Investment Income	$14,767	$18,071	$10,233
Distributable Amount	$38,459	$35,870	$38,210

Giving Over Time

Total grant dollars and number of grants per year

Grant Insights

How this funder distributes its grants

Top Recipients

Top 1 recipients in 2024

Grant Size Distribution

2 grants across all recorded years

Giving History

Grant recipients and amounts by year

Among its reported 2024 grants, the largest include Community Foundation of Louisville ($40,000).

Recipient	Purpose	Amount
COMMUNITY FOUNDATION OF LOUISVILLE LOUISVILLE, KY	EDUCATION	$40,000

Leadership & Key People

Officers and directors from IRS filings

Compensation Overview

From 2024 IRS filing

From 2024 filing

Name	Title	Hours	Compensation
DAMIAN PAUL ALAGIA III	DIRECTOR	0.1	—
MARY CLAIRE ALAGIA	DIRECTOR	0.3	—
MARGARET SARA ALAGIA INGRAM	DIRECTOR	0.1	—
JOHN JUSTIN ALAGIA	DIRECTOR	0.1	—

Subject Areas

Focus areas based on grantmaking activity

Philanthropy, Voluntarism & Grantmaking

Frequently Asked Questions

What is Damian P & Marie Mccarthy Alagia?

Damian P & Marie Mccarthy Alagia is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in LOUISVILLE, KY. It holds $647K in total assets as of 2024.

How large is Damian P & Marie Mccarthy Alagia?

As of 2024, Damian P & Marie Mccarthy Alagia holds $647K in total assets with $15K in annual revenue. It awarded 1 grants totaling $40K in 2024.

Where does Damian P & Marie Mccarthy Alagia operate?

Damian P & Marie Mccarthy Alagia has awarded grants in Kentucky.

What size grants does Damian P & Marie Mccarthy Alagia award?

In 2024, Damian P & Marie Mccarthy Alagia awarded 1 grants totaling $40K — an average of about $40K per grant, based on its IRS Form 990 filings.

How much is Damian P & Marie Mccarthy Alagia required to give away each year?

Private foundations must generally distribute about 5% of their assets annually. For 2024, Damian P & Marie Mccarthy Alagia reported a distributable amount of $38K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.

What is Damian P & Marie Mccarthy Alagia's EIN?

Damian P & Marie Mccarthy Alagia's EIN (Employer Identification Number) is 31-1472535. IRS Form 990 filing data is available on this page for 2020–2024.