Gerald E Mcginnis Charitable Foundation
Gerald E Mcginnis Charitable Foundation is a private foundation, based in VERONA, PA. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $901K in total assets. In 2024, it awarded 2 grants totaling $61K. Net investment income was $66K.
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$901K
+1.1% YoY
Annual Giving
$61K
Grant Count
2
Avg Grant Size
$30K
Under IRS private-foundation payout rules, Gerald E Mcginnis Charitable Foundation reported a distributable amount of $64K for 2024 — the minimum it must pay out in qualifying distributions.
About Gerald E Mcginnis Charitable Foundation
Based on IRS filings
Gerald E Mcginnis Charitable Foundation is a private foundation, based in VERONA, PA. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $901K in total assets. In 2024, it awarded 2 grants totaling $61K. Net investment income was $66K.
Ready to take the next step with Gerald E Mcginnis Charitable Foundation?
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 | $900,764 | $891,031 | $860,119 |
| Revenue | $81,426 | $40,742 | $5,102 |
| Expenses | $71,693 | $9,830 | $15,133 |
| Qualifying Distributions | $60,666 | — | $5,200 |
| Net Investment Income | $66,347 | $26,288 | $11,744 |
| Distributable Amount | $63,705 | $56,177 | $54,685 |
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
33 grants across all recorded years
Giving History
Grant recipients and amounts by year
Among its reported 2024 grants, the largest include University of Illinois Foundation ($35,666), Senator John Heinz History Center ($25,000).
| Recipient | Purpose | Amount |
|---|---|---|
| UNIVERSITY OF ILLINOIS FOUNDATION CHAMPAIGN, IL | CONTRIBUTION TO THE MCGINNIS MEDICAL INNOVATION GRADUATE FELLOWSHIP FUND | $35,666 |
| SENATOR JOHN HEINZ HISTORY CENTER PITTSBURGH, PA | DONATION TO GENERAL FUND | $25,000 |
Leadership & Key People
Officers and directors from IRS filings
Compensation Overview
From 2024 IRS filing
From 2024 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| GERALD E MCGINNIS | TRUSTEE AS REQUIRED | 1 | — |
| AUDREY L MCGINNIS | TRUSTEE AS REQUIRED | 1 | — |
Frequently Asked Questions
How large is Gerald E Mcginnis Charitable Foundation?
As of 2024, Gerald E Mcginnis Charitable Foundation holds $901K in total assets with $81K in annual revenue. It awarded 2 grants totaling $61K in 2024.
Where does Gerald E Mcginnis Charitable Foundation operate?
Gerald E Mcginnis Charitable Foundation has awarded grants in Connecticut, District of Columbia, Florida, Illinois, Michigan, Pennsylvania, Tennessee.
What size grants does Gerald E Mcginnis Charitable Foundation award?
In 2024, Gerald E Mcginnis Charitable Foundation awarded 2 grants totaling $61K — an average of about $30K per grant, based on its IRS Form 990 filings.
How much is Gerald E Mcginnis Charitable Foundation required to give away each year?
Private foundations must generally distribute about 5% of their assets annually. For 2024, Gerald E Mcginnis Charitable Foundation reported a distributable amount of $64K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.
What is Gerald E Mcginnis Charitable Foundation's EIN?
Gerald E Mcginnis Charitable Foundation's EIN (Employer Identification Number) is 25-1671236. 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.