Lisa and Mike McGrath Family Foundation

Private foundation · Grantmaker Cedar Rapids, IA EIN: 33-2373460

Lisa and Mike McGrath Family Foundation is a private foundation, based in Cedar Rapids, IA. IRS filing data is available from 2024 through 2025. As of 2025, the organization holds $4.7M in total assets. In 2025, it awarded 2 grants totaling $25K. Net investment income was $1.9M.

Lisa and Mike McGrath Family Foundation at a glance

In short: Lisa and Mike McGrath Family Foundation gave $25K across 2 grants in 2025 (avg $13K), mostly in Iowa. Source: 2025 IRS Form 990-PF.

Annual giving (2025)
$25,000
Grants made (2025)
2
Average grant
$12,500
Median grant
$12,500
Total assets
$4,712,485
+152.4% vs 2024
Primary geography
Iowa (100% of itemized 2025 grant dollars)
Latest 990 filing
Form 990-PF, 2025 View filing

Data from IRS Form 990-PF, 2025; updated September 2026.

Who Lisa and Mike McGrath Family Foundation funds

How this funder distributes its grants

Top Recipients

Top 2 recipients in 2025

St Ludmilas Catholic Church: $20KSt Ludmilas Catholic Church$20KLinn County Trails Association: $5KLinn County Trails Association$5K

The largest 2025 recipient was St Ludmilas Catholic Church ($20K). Together the top 2 received $25K.

Grant Size Distribution

2 grants across all recorded years

2<$50K$50–100K$100–250K$250–500K$500K–1M$1–5M$5M+

The most common grant size was under $50K: 2 grants of 2 (100%).

Geographic Focus

Where this funder awards grants

Grant Distribution by State

1state

Share of 2025 grant dollars across all 2 itemized grants.

States

Cities

Cedar Rapids

How Lisa and Mike McGrath Family Foundation gives

  • In 2025 it paid out 9% of its IRS minimum distribution (the 5% rule). Foundations have until the end of the next year to meet it. 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

$0$10K$20K$30K0 grants2024 2 grants2025

In 2025 it made 2 grants totaling $25K.

Grants by year

Grant recipients and amounts by year

RecipientPurposeAmount
St Ludmilas Catholic Church Cedar Rapids, IAGeneral Operating Support$20,000
Linn County Trails Association Cedar Rapids, IAGeneral Operating Support$5,000
Your AI grants department

Ready to take the next step with Lisa and Mike McGrath Family Foundation?

Fully replaces Grant database subscriptions Instrumentl · Foundation Directory · GrantStation & similar

Financial History

Multi-year comparison from IRS filings

Figures from IRS filings, by filing year
Filing yearTotal AssetsRevenueExpensesGrants paidGrantsQualifying DistributionsNet Investment IncomeDistributable Amount
2025$4,712,485$4,235,617$104,452$25,0002$29,007$1,858,603$328,121
2024$1,866,933$4,632,474$62————$12,359

Under IRS private-foundation payout rules, Lisa and Mike McGrath Family Foundation reported a distributable amount of $328K for 2025 — the minimum it must pay out in qualifying distributions.

Leadership & Key People

Officers and directors from IRS filings

Lisa and Mike McGrath Family Foundation is led by Elizabeth McGrath, Director & President on every filing since 2024; none of the 5 officers listed in 2025 report compensation.

Officers on the 2025 filing

  • Elizabeth McGrath

    Director & President

    On filings since 2024

    No compensation reported

  • Griffin McGrath

    Director

    On filings since 2024

    No compensation reported

  • Michael McGrath

    Director, Vice President, Secretary & Treasurer

    On filings since 2024

    2.5 hrs/week

    No compensation reported

  • Murphy McGrath

    Director

    On filings since 2024

    No compensation reported

  • Tucker McGrath

    Director

    On filings since 2024

    No compensation reported

Data from IRS Form 990 filings, 2024–2025. "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 Lisa and Mike McGrath Family Foundation

How much does Lisa and Mike McGrath Family Foundation give each year?

Lisa and Mike McGrath Family Foundation gave $25K across 2 grants in 2025, according to its 2025 IRS Form 990-PF.

How large is Lisa and Mike McGrath Family Foundation?

Lisa and Mike McGrath Family Foundation reported $4.7M in total assets on its 2025 IRS Form 990-PF. It paid out $29K in qualifying distributions that year, against a required minimum of $328K (roughly 5% of its investment assets). Falling short in one year is not a violation: foundations have until the end of the next year to meet the minimum.

Where does Lisa and Mike McGrath Family Foundation operate?

Lisa and Mike McGrath Family Foundation has awarded grants in Iowa.

What is Lisa and Mike McGrath Family Foundation's EIN?

Lisa and Mike McGrath Family Foundation's EIN (Employer Identification Number) is 33-2373460. IRS Form 990 filing data is available on this page for 2024–2025.

Data last updated September 2026. Sourced from IRS Form 990-PF filings.

Data update history

(3)

When this profile's IRS filing data changed on Grantable

  1. Updated Form 990-PF for fiscal year 2024 (received by the IRS November 7, 2025)
  2. Updated Form 990-PF for fiscal year 2025 (received by the IRS April 17, 2026)
  3. IRS filings on file for fiscal years 2024–2025

Explore Open Grants

Browse active grant opportunities in Lisa and Mike McGrath Family Foundation's focus areas in our free grants database

Similar Funders

Similar funders in Iowa

Community Fdn of Greater Des Moines F/K/a Greater Des Moines Community Fdn

Des Moines, IA

The Community Foundation of Greater Des Moines supports projects that improve quality of life in Greater Des Moines, including housing and transportation access, health, economic opportunity, inclusive communities, and nonprofit capacity-building. Its 2024 itemized grants had a median of about $12,900, though awards ranged from roughly $5,000 to $7.34 million.

Assets

$918.7M

Grants

1,259

Total Given

$55.7M

Pella Rolscreen Foundation

Pella, IA

The Pella Rolscreen Foundation supports charitable organizations working in education and community betterment, including civic, cultural, social, and physical-environment programs in communities where Pella Corporation employees live. Large grants generally range from $10,000 to $50,000 and typically cover no more than 25% of project costs; its 2024 grants had a median of $1,029. It accepts unsolicited requests from eligible 501(c)(3) nonprofits and government entities in communities where Pella has manufacturing plants.

Assets

$22.4M

Grants

433

Total Given

$1.9M

Prairie Meadows Race Track and Casino Inc

Altoona, IA

Prairie Meadows supports Iowa nonprofits in arts and culture, education, economic development, human services, and youth sports and recreation; Legacy grants focus on large-scale projects in central Iowa. Its programs offer $100–$1 million for Legacy, $100–$99,999 for Community Betterment, and $1,000–$50,000 for Youth Sports and Recreation. It accepts applications through its online system; the 2026 deadline was February 27, 2026, and has passed.

Assets

$327.6M

Grants

409

Total Given

$33.0M

Iowa Health Care Association Foundation

West Des Moines, IA

The Iowa Health Care Association Foundation funds scholarships and career-education resources for employees of member long-term-care organizations and Iowa high school students pursuing long-term-care careers. Its typical giving level varies: it awarded 287 grants totaling about $4.1 million in 2024, and the listed high school scholarship is $2,000. Its programs focus on Iowa; the profile does not state whether it accepts unsolicited requests.

Assets

$329K

Grants

287

Total Given

$4.1M

New Charitable Foundation

Fort Dodge, IA

Philanthropy, Voluntarism & Grantmaking

Assets

$6K

Grants

264

Total Given

$294K

Quad Cities Community Foundation

Bettendorf, IA

Quad Cities Community Foundation funds nonprofit operations and programs across areas including education, health, arts and culture, community development, youth, and the environment, primarily in Rock Island County, Illinois, and Scott County, Iowa, with some service to surrounding counties. Its 2024 grants had a median of $15,000; its Operations and Programs Grants program lists requests of $5,000–$20,000.

Assets

$209.7M

Grants

263

Total Given

$7.5M

More similar funders

More Funders in Iowa

The filing figures on this page are open data under CC BY 4.0. About GrantGraph Open

Figures come from Lisa and Mike McGrath Family 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.

Lisa and Mike McGrath Family Foundation down — hundreds of funders to go?

Want AI to do this for you?