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 grants totaling $3K.
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$42K
-10.2% YoY
Annual Giving
$3K
+9.1% YoY
Grant Count
1
+0.0% YoY
Avg Grant Size
$3K
+9.1% YoY
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.
About Katherine and Louise Mckean
Based on IRS filings
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 grants totaling $3K.
Focus Areas
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Geographic Focus
Where this funder awards grants
Grant Distribution by State
States
Cities
Financial History
Multi-year comparison from IRS filings
| Metric | 2024 | 2023 | 2022 |
|---|---|---|---|
| Total Assets | $42,044 | $46,838 | $49,454 |
| Revenue | $-4 | $1,749 | $-155 |
| Expenses | $4,790 | $4,365 | $2,879 |
| Qualifying Distributions | $3,000 | $3,645 | $2,000 |
| Net Investment Income | — | $1,029 | — |
| Distributable Amount | $2,809 | $2,422 | $2,311 |
Giving Over Time
Total grant dollars and number of grants per year
Grant Insights
How this funder distributes its grants
Top Recipients
Top 1 recipients in 2024
Grant Size Distribution
7 grants across all recorded years
Giving History
Grant recipients and amounts by year
Among its reported 2024 grants, the largest include St Pius X School ($3,000).
| Recipient | Purpose | Amount |
|---|---|---|
| ST PIUS X SCHOOL MOBILE, AL | SCHOLARSHIP | $3,000 |
Leadership & Key People
Officers and directors from IRS filings
Compensation Overview
From 2024 IRS filing
From 2024 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| MORGAN M WORLEY | DIRECTOR | — | — |
| DAVID W MCKEAN JR | DIRECTOR | — | — |
| MICHAEL MCKEAN | DIRECTOR | — | — |
Subject Areas
Focus areas based on grantmaking activity
Frequently Asked Questions
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.
How large is Katherine and Louise Mckean?
As of 2024, Katherine and Louise Mckean holds $42K in total assets with $-4 in annual revenue. It awarded 1 grants totaling $3K in 2024.
Where does Katherine and Louise Mckean operate?
Katherine and Louise Mckean has awarded grants in Alabama.
What size grants does Katherine and Louise Mckean award?
In 2024, Katherine and Louise Mckean awarded 1 grants totaling $3K — an average of about $3K per grant, based on its IRS Form 990 filings.
How much is Katherine and Louise Mckean required to give away each year?
Private foundations must generally distribute about 5% of their assets annually. For 2024, Katherine and Louise Mckean reported a distributable amount of $3K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.
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.
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Browse active grant opportunities in Katherine and Louise Mckean's focus areas in our free grants database
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Data last updated April 2026. Sourced from IRS Form 990-PF filings.