David R McShane Charitable Foundation
David R McShane Charitable Foundation is a private foundation, based in New Hope, PA. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $4.3M in total assets. In 2024, it awarded 3 grants totaling $60K.
David R McShane Charitable Foundation at a glance
In short: David R McShane Charitable Foundation gave $60K across 3 grants in 2024 (avg $20K), mostly in Pennsylvania. Source: 2024 IRS Form 990-PF.
- Annual giving (2024)
- $60,000
- Grants made (2024)
- 3
- Average grant
- $20,000
- Median grant
- $20,000
- Total assets
- $4,296,690
- -18.2% vs 2023
- Primary geography
- Pennsylvania (67% of itemized 2024 grant dollars)
- Latest 990 filing
- Form 990-PF, 2024 View filing
Data from IRS Form 990-PF, 2024; updated September 2026.
Who David R McShane Charitable Foundation funds
How this funder distributes its grants
Top Recipients
Top 3 recipients in 2024
The largest 2024 recipient was Bucks County Theater Company ($20K). Together the top 3 received $60K.
Grant Size Distribution
4 grants across all recorded years
The most common grant size was under $50K: 4 grants of 4 (100%).
Geographic Focus
Where this funder awards grants
Grant Distribution by State
Share of 2024 grant dollars across all 3 itemized grants.
States
Cities
How David R McShane Charitable Foundation gives
- In 2024 it paid out 26% of its IRS minimum distribution (the 5% rule). Foundations have until the end of the next year to meet it. Method
From the foundation's IRS Form 990-PF filings. Methodology.
Giving History
Giving Over Time
Total grant dollars and number of grants per year
From 2022 to 2024, annual grant giving ranged from $15K (2022) to $60K (2024). In 2024 it made 3 grants totaling $60K.
Grants by year
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| Bucks County Theater Company New Hope, PA | Operations | $20,000 |
| Bucks County Society for the Prevention of Cruelty to Animals New Hope, PA | Operations | $20,000 |
| The Foundation for Aids Research New York, NY | Operations | $20,000 |
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Financial History
Multi-year comparison from IRS filings
| Filing year | Total Assets | Revenue | Expenses | Grants paid | Grants | Qualifying Distributions | Net Investment Income | Distributable Amount |
|---|---|---|---|---|---|---|---|---|
| 2024 | $4,296,690 | $87,443 | $368,505 | $60,000 | 3 | $60,000 | — | $229,436 |
| 2023 | $5,250,751 | $4,805,489 | $164,148 | — | — | $13,103 | — | $81,265 |
| 2022 | $29,963 | $738 | $15,343 | $15,000 | 1 | $15,343 | $1,067 | $1,931 |
| 2021 | $44,568 | $485 | $5,252 | — | — | $3,502 | — | $2,241 |
| 2020 | $49,335 | $6,958 | $5,302 | — | — | — | — | $2,337 |
Under IRS private-foundation payout rules, David R McShane Charitable Foundation reported a distributable amount of $229K for 2024 — the minimum it must pay out in qualifying distributions.
Leadership & Key People
Officers and directors from IRS filings
David R McShane Charitable Foundation's 2024 filing lists 2 officers; none of the 2 officers listed in 2024 report compensation.
Officers on the 2024 filing
Brendan Sullivan
Trustee
On filings since 2023
1 hr/week
No compensation reported
Michael Sweeney
Trustee
On filings since 2023
1 hr/week
No compensation reported
Former officers (2)
- Former: Bruce Gangawer (2023) — Trustee
- Former: David R McShane (2020–2022) — President
Data from IRS Form 990 filings, 2020–2024. "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 David R McShane Charitable Foundation
How much does David R McShane Charitable Foundation give each year?
David R McShane Charitable Foundation gave $60K across 3 grants in 2024, according to its 2024 IRS Form 990-PF.
What is David R McShane Charitable Foundation's typical grant size?
David R McShane Charitable Foundation's median grant in 2024 was $20,000, and its average grant was $20,000, across 3 grants on its 2024 IRS Form 990-PF.
Where does David R McShane Charitable Foundation give grants?
David R McShane Charitable Foundation gives mostly in Pennsylvania: 67% of the grant dollars itemized on its 2024 IRS Form 990-PF went to recipients there. The next largest state was New York (33%). The most frequent recipient cities were New Hope, PA (2 grants).
Does David R McShane Charitable Foundation give general operating support?
Not in 2024: none of the 3 grants with a stated purpose on David R McShane Charitable Foundation's 2024 IRS Form 990-PF were described as general or operating support. Recurring purposes include "Operations" (3 grants).
How large is David R McShane Charitable Foundation?
David R McShane Charitable Foundation reported $4.3M in total assets on its 2024 IRS Form 990-PF. It paid out $60K in qualifying distributions that year, against a required minimum of $229K (roughly 5% of its investment assets). Falling short in one year is not a violation: foundations have until the end of the next year to meet the minimum.
What is David R McShane Charitable Foundation's EIN?
David R McShane Charitable Foundation's EIN (Employer Identification Number) is 26-2126240. IRS Form 990 filing data is available on this page for 2020–2024.
Data last updated September 2026. Sourced from IRS Form 990-PF filings.
Data update history
(1)
When this profile's IRS filing data changed on Grantable
- IRS filings on file for fiscal years 2020–2024
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