Katherine and Louise McKean
Katherine and Louise McKean is a private foundation focused on Education, based in Mobile, AL. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $42K in total assets. In 2024, it awarded 1 grant totaling $3K.
Katherine and Louise McKean at a glance
In short: Katherine and Louise McKean gave $3K across 1 grant in 2024 (avg $3K), mostly in Alabama. Source: 2024 IRS Form 990-PF.
- Annual giving (2024)
- $3,000
- +9.1% vs 2023
- Grants made (2024)
- 1
- +0.0% vs 2023
- Average grant
- $3,000
- +9.1% vs 2023
- Median grant
- $3,000
- Total assets
- $42,044
- -10.2% vs 2023
- Primary geography
- Alabama (100% 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 Katherine and Louise McKean funds
How this funder distributes its grants
Grant Size Distribution
7 grants across all recorded years
The most common grant size was under $50K: 7 grants of 7 (100%).
Geographic Focus
Where this funder awards grants
Grant Distribution by State
Share of the 2024 grant dollars on its one itemized grant.
States
Cities
How Katherine and Louise McKean gives
- Giving held roughly steady from 2021 to 2024 (+0%). Method
- In 2024 it paid out 107% of its IRS minimum distribution (the 5% rule). 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 2020 to 2024, annual grant giving ranged from $2K (2022) to $3K (2024). In 2024 it made 1 grant totaling $3K.
Grants by year
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| 1 individual scholarship Recipients not named | — | $3,000 |
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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 | $42,044 | $-4 | $4,790 | $3,000 | 1 | $3,000 | — | $2,809 |
| 2023 | $46,838 | $1,749 | $4,365 | $2,750 | 1 | $3,645 | $1,029 | $2,422 |
| 2022 | $49,454 | $-155 | $2,879 | $2,000 | 1 | $2,000 | — | $2,311 |
| 2021 | $52,488 | $19,893 | $5,060 | $3,000 | 2 | $3,725 | $18,558 | $2,723 |
| 2020 | $37,655 | $22,093 | $3,848 | $3,000 | 2 | — | $21,970 | $2,050 |
Under IRS private-foundation payout rules, Katherine and Louise McKean reported a distributable amount of $3K for 2024 — the minimum it must pay out in qualifying distributions.
Leadership & Key People
Officers and directors from IRS filings
Katherine and Louise McKean's 2024 filing lists 3 officers; none of the 3 officers listed in 2024 report compensation.
Officers on the 2024 filing
David W. McKean Jr.
Director
On filings since 2020
No compensation reported
Michael McKean
Director
On filings since 2020
No compensation reported
Morgan M. Worley
Director
On filings since 2023
No compensation reported
Former officers (1)
- Former: David W. McKean Sr. (2020–2022) — Managing Director
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 Katherine and Louise McKean
How much does Katherine and Louise McKean give each year?
Katherine and Louise McKean gave $3K across 1 grant in 2024, according to its 2024 IRS Form 990-PF. In 2023 it gave $3K across 1 grant.
How large is Katherine and Louise McKean?
Katherine and Louise McKean reported $42K in total assets on its 2024 IRS Form 990-PF. It paid out $3K in qualifying distributions that year, against a required minimum of $3K (roughly 5% of its investment assets).
What is Katherine and Louise McKean?
Katherine and Louise McKean is a private foundation focused on Education, based in Mobile, AL. It holds $42K in total assets as of 2024.
Where does Katherine and Louise McKean operate?
Katherine and Louise McKean has awarded grants in Alabama.
What is Katherine and Louise McKean's EIN?
Katherine and Louise McKean's EIN (Employer Identification Number) is 63-1261672. 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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