Marcus McCoy Foundation
Marcus McCoy Foundation is a private foundation, based in Excelsior, MN. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $2.6M in total assets. In 2024, it awarded 2 grants totaling $670K. Net investment income was $75K.
Marcus McCoy Foundation at a glance
In short: Marcus McCoy Foundation gave $670K across 2 grants in 2024 (avg $335K), mostly in Minnesota. Source: 2024 IRS Form 990-PF.
- Annual giving (2024)
- $670,000
- +235.0% vs 2023
- Grants made (2024)
- 2
- +0.0% vs 2023
- Average grant
- $335,000
- +235.0% vs 2023
- Median grant
- $335,000
- Total assets
- $2,635,654
- -23.1% vs 2023
- Primary geography
- Minnesota (100% of itemized 2024 grant dollars)
- Latest 990 filing
- Form 990-PF, 2024 View filing
Data from IRS Form 990-PF, 2024; updated October 2026.
Who Marcus McCoy Foundation funds
How this funder distributes its grants
Top Recipients
Top 2 recipients in 2024
The largest 2024 recipient was Tu Vien Giac HAI ($350K). Together the top 2 received $670K.
Grant Size Distribution
21 grants across all recorded years
The most common grant size was under $50K: 14 grants of 21 (67%).
Geographic Focus
Where this funder awards grants
Grant Distribution by State
Share of 2024 grant dollars across all 2 itemized grants.
Cities
How Marcus McCoy Foundation gives
- Giving grew 218% from 2021 to 2024. Method
- In 2024 it paid out 547% 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 $104K (2020) to $670K (2024). In 2024 it made 2 grants totaling $670K.
Grants by year
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| Tu Vien Giac HAI Hastings, MN | General Support | $350,000 |
| Tay Phuong Monastery Savage, MN | General Support | $320,000 |
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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 | $2,635,654 | $68,681 | $858,290 | $670,000 | 2 | $840,052 | $75,020 | $153,571 |
| 2023 | $3,425,273 | $82,329 | $316,613 | $200,000 | 2 | $296,477 | $93,785 | $156,838 |
| 2022 | $3,660,138 | $-28,769 | $324,133 | $262,000 | 3 | $304,439 | $58,382 | $170,722 |
| 2021 | $4,013,414 | $8,069 | $324,000 | $211,000 | 3 | $263,402 | $9,786 | $204,968 |
| 2020 | $4,343,516 | $1,094,915 | $217,922 | $104,150 | 11 | — | $1,073,300 | $194,816 |
Under IRS private-foundation payout rules, Marcus McCoy Foundation reported a distributable amount of $154K for 2024 — the minimum it must pay out in qualifying distributions.
Leadership & Key People
Officers and directors from IRS filings
Marcus McCoy Foundation is led by Joan M. Ashton, President & Diretor on every filing since 2020; none of the 4 officers listed in 2024 report compensation.
Officers on the 2024 filing
Joan M. Ashton
President & Diretor
On filings since 2020
20 hrs/week
No compensation reported
Kreea Ashton
Director
On filings since 2020
1 hr/week
No compensation reported
Nancy Ashton
Secretary, Treasurer & Director
On filings since 2020
1 hr/week
No compensation reported
Sally Ann Story
Director
On filings since 2020
1 hr/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.
Frequently asked questions about Marcus McCoy Foundation
How much does Marcus McCoy Foundation give each year?
Marcus McCoy Foundation gave $670K across 2 grants in 2024, according to its 2024 IRS Form 990-PF. In 2023 it gave $200K across 2 grants.
How large is Marcus McCoy Foundation?
Marcus McCoy Foundation reported $2.6M in total assets on its 2024 IRS Form 990-PF. It paid out $840K in qualifying distributions that year, against a required minimum of $154K (roughly 5% of its investment assets).
Where does Marcus McCoy Foundation operate?
Marcus McCoy Foundation has awarded grants in Minnesota, New York.
What is Marcus McCoy Foundation's EIN?
Marcus McCoy Foundation's EIN (Employer Identification Number) is 41-1989867. IRS Form 990 filing data is available on this page for 2020–2024.
Data last updated October 2026. Sourced from IRS Form 990-PF filings.
Data update history
(6)
When this profile's IRS filing data changed on Grantable
- Updated Form 990-PF for fiscal year 2020 (received by the IRS August 6, 2021)
- Updated Form 990-PF for fiscal year 2021 (received by the IRS May 16, 2022)
- Updated Form 990-PF for fiscal year 2022 (received by the IRS May 15, 2023)
- Updated Form 990-PF for fiscal year 2023 (received by the IRS November 12, 2024)
- Updated Form 990-PF for fiscal year 2024 (received by the IRS October 14, 2025)
- IRS filings on file for fiscal years 2020–2024
Explore Open Grants
Browse active grant opportunities in Marcus McCoy Foundation's focus areas in our free grants database
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