Madelyne M and Edward C McCarty

Foundation · Grantmaker Dallas, TX EIN: 75-2670222

Madelyne M and Edward C McCarty is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in Dallas, TX. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $697K in total assets. In 2024, it awarded 5 grants totaling $115K. Net investment income was $54K.

Key facts about Madelyne M and Edward C McCarty

EIN: 75-2670222
Latest 990 filing: Form 990-PF, 2024
Annual giving (2024): $115,000
Grants made (2024): 5
Average grant: $23,000
Median grant: $25,000
Total assets: $697,039
Primary geography: Arkansas (91% of itemized 2024 grant dollars)

Data from IRS Form 990-PF, 2024; updated September 2026.

Who Madelyne M and Edward C McCarty funds

By grant dollars, the top recipient states for Madelyne M and Edward C McCarty's 5 itemized 2024 grants were Arkansas (91%) and Texas (9%). The most frequent recipient cities were Little Rock, AR (2 grants). None of its 5 grants with a stated purpose were described as general or operating support.

How Madelyne M and Edward C McCarty gives

Giving grew 33% from 2021 to 2024. Method
In 2024 it paid out 97% 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.

Next steps with Madelyne M and Edward C McCarty

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Financial Overview

From 2024 IRS Form 990-PF · View filing

Total Assets

$697K

-10.6% YoY

Annual Giving

$115K

-8.0% YoY

Grant Count

+0.0% YoY

Avg Grant Size

$23K

-8.0% YoY

Under IRS private-foundation payout rules, Madelyne M and Edward C McCarty reported a distributable amount of $118K for 2024 — the minimum it must pay out in qualifying distributions.

About Madelyne M and Edward C McCarty

Based on IRS filings

Focus Areas

Philanthropy, Voluntarism & Grantmaking

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Geographic Focus

Where this funder awards grants

Grant Distribution by State

Arkansas $105K (91%)

Texas $10K (9%)

Share of all 5 itemized 2024 grant dollars.

States

Arkansas Texas

Cities

Little RockEldoradoRichardsonMountain Circle

Financial History

Multi-year comparison from IRS filings

Revenue

Expenses

Qualifying Distributions

Net Investment Income

Metric	2024	2023	2022
Total Assets	$697,039	$779,741	$875,305
Revenue	$59,376	$57,077	$104,635
Expenses	$142,078	$151,557	$148,713
Qualifying Distributions	$115,000	$125,000	$120,000
Net Investment Income	$53,617	$58,295	$75,922
Distributable Amount	$118,114	$108,427	$108,132

Data update history

When this profile's IRS filing data changed on Grantable

March 3, 2026 IRS filings on file for fiscal years 2020–2024

Giving Over Time

Total grant dollars and number of grants per year

Grant Insights

How this funder distributes its grants

Top Recipients

Top 5 recipients in 2024

Grant Size Distribution

19 grants across all recorded years

Giving History

Grant recipients and amounts by year

Among its reported 2024 grants, the largest recipients include Univ of Arkansas for Medical Scienc ($50,000), Arkansas Community Foundation ($25,000), Union County Community Foundation ($25,000).

Recipient	Purpose	Amount
UNIV OF ARKANSAS FOR MEDICAL SCIENC Little Rock, AR	PROMOTE LITERACY	$50,000
ARKANSAS COMMUNITY FOUNDATION Little Rock, AR	COMMUNITY IMPROVEMENT	$25,000
UNION COUNTY COMMUNITY FOUNDATION Eldorado, AR	EDUCATIONN	$25,000
PARKINSON VOICE PROJECT Richardson, TX	PARKINSON SPEAK OUT PROGRAM	$10,000
FOOD BANK OF NORTH CENTRAL ARKANSAS Mountain Circle, AR	HUNGER RELIEF	$5,000

Leadership & Key People

Officers and directors from IRS filings

Madelyne M and Edward C McCarty is led by Marth M. Wells, President since 2024 (on filings since 2020); none of the 3 officers listed in 2024 report compensation.

Officers on the 2024 filing

Marth M. Wells

President

President & Treasurer → President, 2024

On filings since 2020

No compensation reported
Amy Kimmerling

Director

On filings since 2020

No compensation reported
James Warren Murphy

Vice President

V.p. & Secretary → Vice President, 2024

On filings since 2020

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.

Subject Areas

Focus areas based on grantmaking activity

Philanthropy, Voluntarism & Grantmaking

Frequently Asked Questions

What is Madelyne M and Edward C McCarty?

Madelyne M and Edward C McCarty is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in Dallas, TX. It holds $697K in total assets as of 2024.

How large is Madelyne M and Edward C McCarty?

As of 2024, Madelyne M and Edward C McCarty holds $697K in total assets with $59K in annual revenue. It awarded 5 grants totaling $115K in 2024.

Where does Madelyne M and Edward C McCarty operate?

Madelyne M and Edward C McCarty has awarded grants in Arkansas, Texas.

What size grants does Madelyne M and Edward C McCarty award?

In 2024, Madelyne M and Edward C McCarty awarded 5 grants totaling $115K — an average of about $23K per grant, based on its IRS Form 990 filings.

How much is Madelyne M and Edward C McCarty required to give away each year?

Private foundations must generally distribute about 5% of their assets annually. For 2024, Madelyne M and Edward C McCarty reported a distributable amount of $118K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.

What is Madelyne M and Edward C McCarty's EIN?

Madelyne M and Edward C McCarty's EIN (Employer Identification Number) is 75-2670222. IRS Form 990 filing data is available on this page for 2020–2024.