Jim and Diane McCarthy Foundation
The Jim and Diane McCarthy Foundation is a private foundation based in Bonita Springs, Florida. In 2025, it reported 16 grants totaling $25,000 to organizations in several states.
Jim and Diane McCarthy Foundation at a glance
In short: Jim and Diane McCarthy Foundation gave $25K across 16 grants in 2025 (avg $2K), top state Minnesota. 6% of 2025 grantees were new. Source: 2025 IRS Form 990-PF.
- Annual giving (2025)
- $25,000
- +8.7% vs 2024
- Grants made (2025)
- 16
- -20.0% vs 2024
- Average grant
- $1,563
- +35.9% vs 2024
- Median grant
- $1,000
- Total assets
- $118,843
- -14.4% vs 2024
- New grantees (estimate)
- 6% first-time grantees (1 of 16, 2025; small sample)
- Primary geography
- Minnesota (44% of itemized 2025 grant dollars)
- Latest 990 filing
- Form 990-PF, 2025 View filing
Data from IRS Form 990-PF, 2025; updated October 2026. New grantees are estimated by matching recipient names across years (methodology).
How to apply to Jim and Diane McCarthy Foundation
- How to Apply
-
The 2025 filing says to contact James R. or Diane M. McCarthy. No specific format is required, there are no specific deadlines, and the filing lists no restrictions on awards.
- Contact
Application contact: James R Or Diane M Mccarthy
Mailing address: 4801 Bonita Bay Blvd Est 1102, Bonita Springs, FL 34134
Phone: (239) 948-8440
Application details from Grantable's research on the foundation's public materials; confirm on its website before applying.
Who Jim and Diane McCarthy Foundation funds
How this funder distributes its grants
Top Recipients
Top 10 recipients in 2025
The largest 2025 recipient was First Presbyterian ($5K). Together the top 10 received $23K.
Grant Size Distribution
95 grants across all recorded years
The most common grant size was under $50K: 95 grants of 95 (100%).
Geographic Focus
Where this funder awards grants
The 2025 grant dollars were distributed among recipients in Minnesota (44%), Florida (34%), Washington, D.C. (12%), Wisconsin (7%), and Tennessee (3%).
Grant Distribution by State
Share of 2025 grant dollars across all 16 itemized grants.
States
Cities
Is Jim and Diane McCarthy Foundation open to new grantees?
6%
first-time grantees, 2025
In 2025, 1 of 16 grantees (6%) were first-time recipients. With only 16 grantees, that is a small sample: one grantee more or less moves the share by about 6 points. First grants averaged $500; repeat grants $2K. How we count
Medians: $500 first-time, $1K repeat.
- 88% of 2025 grantees were also funded in 2024. Method
- Giving held roughly steady from 2022 to 2025 (−6%). Method
- In 2025 it paid out 217% of its IRS minimum distribution (the 5% rule). Method
Estimate from itemized grant lists in IRS Form 990-PF filings (2020–2025). Recipient names are matched across years, so a renamed or misspelled grantee can look new; grants to individuals are left out. Methodology.
Giving History
Giving Over Time
Total grant dollars and number of grants per year
From 2020 to 2025, annual grant giving ranged from $21K (2020) to $28K (2021). In 2025 it made 16 grants totaling $25K.
Grants by year
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| First Presbyterian Bonita Springs, FL | Donation | $5,000 |
| Minneapolis Heart Institute Minneapolis, MN | Donation | $3,800 |
| Disabled American Veterans Washington, DC | Donation | $3,000 |
| Basilica of St Mary Minneapolis, MN | Donation | $2,000 |
| Bonita Bay Veterens Council Bonita Springs, FL | Donation | $2,000 |
| Church of St Therese Deephaven, MN | Donation | $2,000 |
| Mayo Clinic Rochester, MN | Donation | $2,000 |
| Habitat for Humanity Memphis, FL | Donation | $1,000 |
| Ladysmith Educational Enrichment Ladysmith, WI | Donation | $1,000 |
| St Jude Children's Research Hospital Memphis, TN | Donation | $800 |
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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 |
|---|---|---|---|---|---|---|---|---|
| 2025 | $118,843 | $10,619 | $30,579 | $25,000 | 16 | $25,000 | $5,040 | $11,527 |
| 2024 | $138,803 | $13,680 | $26,864 | $23,000 | 20 | $23,000 | $9,816 | $11,335 |
| 2023 | $151,987 | $6,502 | $29,094 | $25,019 | 18 | $25,019 | $2,427 | $11,021 |
| 2022 | $174,579 | $6,495 | $30,823 | $26,578 | 21 | $26,578 | $2,250 | $12,105 |
| 2021 | $198,907 | $8,574 | $33,097 | $28,477 | 20 | $28,477 | $3,954 | $14,326 |
| 2020 | $225,985 | $6,418 | $25,592 | $21,110 | 24 | — | $2,958 | $12,742 |
Under IRS private-foundation payout rules, Jim and Diane McCarthy Foundation reported a distributable amount of $12K for 2025 — the minimum it must pay out in qualifying distributions.
Research compiled by Grantable AI from public sources. Last updated September 2026.
Mission & Focus Areas
No mission statement for the foundation is provided. Its 2025 grants went to organizations including churches, health and research institutions, veterans’ organizations, and educational and community organizations.
The grantees describe their own work in varied terms. Mayo Clinic says it aims to contribute to health and well-being through patient care, education, and research. St. Jude Children’s Research Hospital says its mission is to advance cures and prevention for pediatric catastrophic diseases through research and treatment. Hope Academy says it operates a K–12 school in urban Minneapolis providing a classical Christian education. Cottagewood Community Foundation describes itself as a community center and gathering place for Deephaven families.
Grantmaking
In filing year 2025, the foundation reported 16 grants totaling $25,000. Grants ranged from $275 to $5,000, with a median grant of $1,000.
Among the largest reported grants were $5,000 to First Presbyterian in Bonita Springs, Florida; $3,800 to Minneapolis Heart Institute; $3,000 to Disabled American Veterans; and $2,000 each to Basilica of St. Mary, Bonita Bay Veterans Council, Church of St. Therese, and Mayo Clinic. Other reported grants included $1,000 to Habitat for Humanity and Ladysmith Educational Enrichment, $800 to St. Jude Children’s Research Hospital, and $500 each to Hope Academy and New Horizons of SW Florida. Cottagewood Community Foundation received $325.
Leadership & Key People
Leadership team and compensation from IRS filings
The 2025 filing lists Jim McCarthy as president and Diane McCarthy as secretary/treasurer.
Jim and Diane McCarthy Foundation is led by Jim McCarthy, President on every filing since 2020; none of the 2 officers listed in 2025 report compensation.
Officers on the 2025 filing
Jim McCarthy
President
On filings since 2020
No compensation reported
Diane McCarthy
Secretary & Treasurer
On filings since 2020
No compensation reported
Data from IRS Form 990 filings, 2020–2025. "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 Jim and Diane McCarthy Foundation
How much does Jim and Diane McCarthy Foundation give each year?
Jim and Diane McCarthy Foundation gave $25K across 16 grants in 2025, according to its 2025 IRS Form 990-PF. In 2024 it gave $23K across 20 grants.
What is Jim and Diane McCarthy Foundation's typical grant size?
Jim and Diane McCarthy Foundation's median grant in 2025 was $1,000, and its average grant was $1,563, across 16 grants on its 2025 IRS Form 990-PF. Organizations receiving their first grant from Jim and Diane McCarthy Foundation that year got $500 on average.
Where does Jim and Diane McCarthy Foundation give grants?
Jim and Diane McCarthy Foundation's top state is Minnesota, with 44% of the grant dollars itemized on its 2025 IRS Form 990-PF. The next largest states were Florida (34%) and District of Columbia (12%). The most frequent recipient cities were Bonita Springs, FL (3 grants), Minneapolis, MN (3 grants), Deephaven, MN (2 grants) and Ladysmith, WI (2 grants).
Does Jim and Diane McCarthy Foundation give general operating support?
Not in 2025: none of the 16 grants with a stated purpose on Jim and Diane McCarthy Foundation's 2025 IRS Form 990-PF were described as general or operating support. Recurring purposes include "Donation" (16 grants).
Who are Jim and Diane McCarthy Foundation's largest grantees?
Jim and Diane McCarthy Foundation's largest 2025 grantees include First Presbyterian ($5,000), Minneapolis Heart Institute ($3,800) and Disabled American Veterans ($3,000), according to its 2025 IRS Form 990-PF. Together they received 47% of its itemized 2025 grant dollars.
How large is Jim and Diane McCarthy Foundation?
Jim and Diane McCarthy Foundation reported $119K in total assets on its 2025 IRS Form 990-PF. It paid out $25K in qualifying distributions that year, against a required minimum of $12K (roughly 5% of its investment assets).
What does Jim and Diane McCarthy Foundation fund?
No mission statement for the foundation is provided. Its 2025 grants went to organizations including churches, health and research institutions, veterans’ organizations, and educational and community organizations. See mission & focus areas ↑
How do I apply for a grant from Jim and Diane McCarthy Foundation?
The 2025 filing says to contact James R. Eligibility and process details are in the grantmaking section of this profile. See how to apply ↑
What is Jim and Diane McCarthy Foundation's EIN?
Jim and Diane McCarthy Foundation's EIN (Employer Identification Number) is 41-1957943. IRS Form 990 filing data is available on this page for 2020–2025.
Data last updated October 2026. Sourced from IRS Form 990-PF filings. Research dossier generated September 2026.
Data update history
(7)
When this profile's IRS filing data changed on Grantable
- Updated Form 990-PF for fiscal year 2020 (received by the IRS May 13, 2021)
- Added Form 990-PF for fiscal year 2021 (received by the IRS May 16, 2022)
- Updated Form 990-PF for fiscal year 2022 (received by the IRS June 13, 2023)
- Updated Form 990-PF for fiscal year 2023 (received by the IRS May 23, 2024)
- Updated Form 990-PF for fiscal year 2024 (received by the IRS May 13, 2025)
- Added Form 990-PF for fiscal year 2025 (received by the IRS May 14, 2026)
- IRS filings on file for fiscal years 2020–2024
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Figures come from Jim and Diane McCarthy Foundation's IRS filings (methodology). AI-written summaries, news items and logos are not covered by the open licence. Spot an error? Email hello@grantable.co.
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