John P and Anne Welsh Mcnulty Foundation
The John P and Anne Welsh McNulty Foundation is a private foundation established in 1986, with locations in both Naples, Florida and New York, New York. The foundation inspires, develops, and drives leaders to solve critical challenges of our time, with a particular focus on elevating entrepreneurial leaders and nurturing promising students at pivotal moments in their leadership journeys.
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$42.0M
+6.3% YoY
Annual Giving
$6.6M
+20.0% YoY
Grant Count
198
+27.7% YoY
Avg Grant Size
$33K
-6.0% YoY
Mission & Focus Areas
The foundation's mission centers on supporting individuals at critical junctures in their leadership development. Primary focus areas include:
Leadership Development & Recognition: The McNulty Prize, awarded annually in partnership with the Aspen Institute, recognizes breakthrough leaders demonstrating moral courage, bold vision, and deep, lasting impact. The prize specifically honors individuals successfully addressing barriers to health, education, and economic opportunity in their communities.
Women in STEM & Leadership: The foundation has invested significantly in programs supporting young women in science, technology, engineering, and mathematics fields, as well as broader women's leadership development.
Educational Partnerships: The foundation supports leadership programs at major universities, including the Anne Welsh McNulty Institute for Women's Leadership at Villanova University, McNulty Scholars programs at Hunter College and Saint Joseph's University, and the McNulty Leadership Program at the Wharton School at the University of Pennsylvania.
Grantmaking
The foundation made 151 grants in 2024, totaling approximately $6.69 million. Recent notable grants include:
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Geographic Focus
Where this funder awards grants
While the foundation maintains a presence in both Naples, Florida and New York, New York, its grantmaking extends internationally. The McNulty Prize has recognized over 50 leaders working in more than 25 countries.
Grant Distribution by State
States
Cities
Financial History
Multi-year comparison from IRS filings
2024 Financial Data:
- Total Assets: $42,010,183
- Total Revenues: $16,693,674
- Total Expenses: $8,762,703
2022 Financial Data:
- Total Assets: $41.9 million
- Total Revenues: $2.14 million
- Total Expenses: $5.66 million
- Total Liabilities: $0
The foundation has no employees and operates as a 501(c)(3) private foundation.
| Metric | 2024 | 2023 | 2022 |
|---|---|---|---|
| Total Assets | $42,010,183 | $39,527,765 | $41,935,413 |
| Revenue | $16,693,674 | $6,542,400 | $2,136,094 |
| Expenses | $8,762,703 | $7,681,128 | $5,656,531 |
| Qualifying Distributions | $8,165,465 | $7,090,009 | $5,239,362 |
| Net Investment Income | $8,329,100 | $2,847,188 | $1,718,925 |
| Distributable Amount | $2,436,697 | $2,413,235 | $2,633,811 |
Giving Over Time
Total grant dollars and number of grants per year
Grant Insights
How this funder distributes its grants
Top Recipients
Top 10 recipients in 2024
Grant Size Distribution
202 grants across all recorded years
Giving History
Grant recipients and amounts by year
No grants recorded for .
Leadership & Key People
Leadership team and compensation from IRS filings
Anne Welsh McNulty serves as co-founder and president of the foundation. A pioneering figure in finance, she rose to become a managing director at Goldman Sachs and senior executive of the Goldman Sachs Hedge Fund Strategies Group. In 2001, she and her late husband John P. McNulty founded the private investment firm JBK Partners, where she serves as managing partner.
Robert K. Steel serves as Chief Executive Officer.
William Mayer is listed as a key figure, noted as founder of Park Avenue Equity Partners and previously president and chief executive officer of First Boston Corporation.
Compensation Overview
From 2024 IRS filing
From 2024 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| ANNE WELSH MCNULTY | TRUSTEE/PART-TIME | 20 | — |
Recent News & Activity
Recent developments and announcements
Anne Welsh McNulty has invested over $40 million in the last decade in the foundation's work. She has dedicated more than $23 million specifically to support leadership development among students, predominantly women, in science, math, and business fields.
The McNulty Prize continues as a flagship initiative, with annual announcements recognizing breakthrough leaders. The prize jury has included prominent figures such as former Secretary of State Madeleine Albright, former President of Ireland Mary Robinson, and Richard Branson.
Announcing the 2024 Winners of the McNulty Prize | McNulty FoundationThe foundation's McNulty Scholars programs remain active at Hunter College and Saint Joseph's University, with scholars presenting research at annual undergraduate research conferences.
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Data last updated April 2026. Sourced from IRS Form 990-PF filings. Research dossier generated April 2026.
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