John P and Anne Welsh McNulty Foundation
The John P and Anne Welsh McNulty Foundation is a private foundation based in New York, New York. Founded in 1985, it supports leadership development and recognizes leaders working to address significant social, economic, and environmental challenges.
Key facts about John P and Anne Welsh McNulty Foundation
In short: John P and Anne Welsh McNulty Foundation gave $6.6M across 198 grants in 2024 (avg $33K), top state New York. Source: 2024 IRS Form 990-PF.
- EIN
- 52-1445003
- Latest 990 filing
- Form 990-PF, 2024
- Annual giving (2024)
- $6,607,770
- Grants made (2024)
- 198
- Average grant
- $33,373
- Median grant
- $17,725
- Total assets
- $42,010,183
- Primary geography
- New York (28% of itemized 2024 grant dollars)
- Accepts unsolicited proposals
- No
- How to apply
- The foundation states that it makes contributions only to preselected charitable organizations and does not accept unsolicited requests for funds. Full details ↓
Data from IRS Form 990-PF, 2024; updated September 2026. Application details from Grantable's research on the foundation's public materials; confirm on its website before applying.
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
Under IRS private-foundation payout rules, John P and Anne Welsh McNulty Foundation reported a distributable amount of $2.4M for 2024 — the minimum it must pay out in qualifying distributions.
How John P and Anne Welsh McNulty Foundation gives
- 40% of 2024 grantees were also funded in 2023. Method
- Giving grew 65% from 2021 to 2024. Method
- In 2024 it paid out 335% of its IRS minimum distribution (the 5% rule). Method
Estimate from itemized grant lists in IRS Form 990-PF filings (2024). Recipient names are matched across years, so a renamed or misspelled grantee can look new; grants to individuals are left out. Methodology.
Mission & Focus Areas
The foundation’s mission is “to inspire, develop and drive leaders to solve the most critical challenges of our time.” It says leadership can be learned, that women should be encouraged and mentored to reach their potential, and that sustainable change depends on people having agency to shape their lives. Its stated approach includes storytelling, active collaboration with partners, and creating opportunities for leaders to convene and learn from one another.
Its programs include the McNulty Prize, which recognizes proven leaders and supports them in extending their impact, and academic partnerships intended to develop leadership in students. The foundation also offers the Catalyst Fund for promising ventures led by Aspen Institute Fellows.
Among 2024 grantees, NEO Philanthropy describes its work as providing infrastructure, financial-management, and capacity-building support to nonprofit leaders and institutions. Thousand Currents says it partners with organizations and movements in the Global South working on lasting solutions to societal challenges. Child Mind Institute says it works to improve the lives of children and families affected by mental health and learning disorders. These are descriptions of the grantees’ missions, not stated foundation priorities.
Grantmaking
In 2024, the foundation made 198 grants totaling $6,607,770. Grant amounts ranged from $65 to $948,906, with a median grant of $17,725. The largest listed award was $948,906 to the Aspen Institute for general support. Other large grants included $374,981 and $221,777 to Hunter College Foundation; $269,000 to Naples Children & Education Foundation; $199,970 to NEO Philanthropy; and $199,815 to Thousand Currents. Each was listed for general support.
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Geographic Focus
Where this funder awards grants
The foundation is based in New York. In 2024, its grant dollars went primarily to recipients in New York (28%), Washington, DC (24%), and Florida (14%); California received 8% and Pennsylvania 4%. Its website describes McNulty Prize laureates as working in more than 26 countries.
Grant Distribution by State
Share of 2024 grant dollars across all 198 itemized grants.
States
Cities
Giving Over Time
Total grant dollars and number of grants per year
From 2020 to 2024, annual grant giving ranged from $4.0M (2021) to $6.6M (2024). In 2024 it made 198 grants totaling $6.6M.
Grant Insights
How this funder distributes its grants
Top Recipients
Top 10 recipients in 2024
The largest 2024 recipient was Aspen Institute ($1.4M across 14 grants). Together the top 10 received $3.5M.
Grant Size Distribution
599 grants across all recorded years
The most common grant size was under $50K: 508 grants of 599 (85%).
Giving History
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| Aspen Institute Washington, DC | General Support | $948,906 |
| Hunter College Foundation New York, NY | General Support | $374,981 |
| Naples Children & Education Foundation Naples, FL | General Support | $269,000 |
| Hunter College Foundation New York, NY | General Support | $221,777 |
| Hunter College Foundation New York, NY | General Support | $221,618 |
| Neo Philanthropy New York, NY | General Support | $199,970 |
| Thousand Currents San Francisco, CA | General Support | $199,815 |
| Child Mind Institute New York, NY | General Support | $100,000 |
| Naples Children & Education Foundation Naples, FL | General Support | $100,000 |
| NCH Heathcare Naples, FL | General Support | $100,000 |
Financial History
Multi-year comparison from IRS filings
| Filing year | Assets | Revenue | Expenses | Grants |
|---|---|---|---|---|
| 2024 | $42,010,183 | $16,693,674 | $8,762,703 | $6,607,770 |
| 2023 | $39,527,765 | $6,542,400 | $7,681,128 | $5,504,470 |
| 2022 | $41,935,413 | $2,136,094 | $5,656,531 | $4,062,968 |
| 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 |
Data update history
When this profile's IRS filing data changed on Grantable
- IRS filings on file for fiscal years 2020–2024
Leadership & Key People
Leadership team and compensation from IRS filings
Anne Welsh McNulty is listed on the 2024 filing as trustee, part-time.
John P and Anne Welsh McNulty Foundation is led by Anne Welsh McNulty, Trustee & Part-Time since 2024 (on filings since 2020) — the only officer listed, and uncompensated.
Officers on the 2024 filing
Anne Welsh McNulty
Trustee & Part-Time
Trustee & Part-Time → Turstee & Part-Time, 2021
Turstee & Part-Time → Trustee & Part-Time, 2024
On filings since 2020
20 hrs/week
No compensation reported
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.
Contact
Mailing address: Co Andersen 1177 6Th Ave 18Th Fl, New York, NY 10036
Phone: (646) 213-5100
Website: https://mcnultyfound.org
Frequently asked questions about John P and Anne Welsh McNulty Foundation
How much does John P and Anne Welsh McNulty Foundation give each year?
John P and Anne Welsh McNulty Foundation gave $6.6M across 198 grants in 2024, according to its 2024 IRS Form 990-PF. In 2023 it gave $5.5M across 155 grants.
What is John P and Anne Welsh McNulty Foundation's typical grant size?
John P and Anne Welsh McNulty Foundation's median grant in 2024 was $17,725, and its average grant was $33,373, across 198 grants on its 2024 IRS Form 990-PF.
Where does John P and Anne Welsh McNulty Foundation give grants?
John P and Anne Welsh McNulty Foundation's top state is New York, with 28% of the grant dollars itemized on its 2024 IRS Form 990-PF. The next largest states were District of Columbia (24%) and Florida (14%). The most frequent recipient cities were New York, NY (38 grants), Washington, DC (18 grants), Naples, FL (15 grants) and Aspen, CO (10 grants).
Does John P and Anne Welsh McNulty Foundation give general operating support?
Yes: 100% of John P and Anne Welsh McNulty Foundation's 2024 grants with a stated purpose (198 of 198) were for general or operating support, per its 2024 IRS Form 990-PF.
Who are John P and Anne Welsh McNulty Foundation's largest grantees?
John P and Anne Welsh McNulty Foundation's largest 2024 grantees include Aspen Institute ($1,379,198 across 14 grants), Hunter College Foundation ($818,376 across 3 grants) and Naples Children & Education Foundation ($412,350 across 6 grants), according to its 2024 IRS Form 990-PF. Together they received 39% of its itemized 2024 grant dollars.
How large is John P and Anne Welsh McNulty Foundation?
John P and Anne Welsh McNulty Foundation reported $42.0M in total assets on its 2024 IRS Form 990-PF. It paid out $8.2M in qualifying distributions that year, against a required minimum of $2.4M (roughly 5% of its investment assets).
What does John P and Anne Welsh McNulty Foundation fund?
The foundation’s mission is “to inspire, develop and drive leaders to solve the most critical challenges of our time.” See mission & focus areas ↑
How do I apply for a grant from John P and Anne Welsh McNulty Foundation?
The foundation states that it makes contributions only to preselected charitable organizations and does not accept unsolicited requests for funds. Eligibility and process details are in the grantmaking section of this profile. See how to apply ↑
What is John P and Anne Welsh McNulty Foundation's EIN?
John P and Anne Welsh McNulty Foundation's EIN (Employer Identification Number) is 52-1445003. IRS Form 990 filing data is available on this page for 2020–2024.
Does John P and Anne Welsh McNulty Foundation accept unsolicited proposals?
No, according to Grantable's research on the foundation's published guidelines. See how to apply ↑
Data last updated September 2026. Sourced from IRS Form 990-PF filings. Research dossier generated September 2026.
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