Marjorie & Richard Mcgahren Foundation
Marjorie & Richard Mcgahren Foundation is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in VALHALLA, NY. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $767K in total assets. In 2024, it awarded 5 grants totaling $68K. Net investment income was $89K.
Key facts about Marjorie & Richard Mcgahren Foundation
- EIN
- 06-6447410
- Latest 990 filing
- Form 990-PF, 2024
- Annual giving (2024)
- $67,500
- Grants made (2024)
- 5
- Average grant
- $13,500
- Median grant
- $5,000
- Total assets
- $767,205
- Primary geography
- New York (93% of itemized 2024 grant dollars)
Data from IRS Form 990-PF, 2024; updated April 2026.
Who Marjorie & Richard Mcgahren Foundation funds
By grant dollars, the top recipient states for Marjorie & Richard Mcgahren Foundation's 5 itemized 2024 grants were New York (93%) and Connecticut (7%). None of its 5 grants with a stated purpose were described as general or operating support.
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$767K
+2.9% YoY
Annual Giving
$68K
+8.4% YoY
Grant Count
5
-37.5% YoY
Avg Grant Size
$14K
+73.5% YoY
Under IRS private-foundation payout rules, Marjorie & Richard Mcgahren Foundation reported a distributable amount of $111K for 2024 — the minimum it must pay out in qualifying distributions.
About Marjorie & Richard Mcgahren Foundation
Based on IRS filings
Marjorie & Richard Mcgahren Foundation is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in VALHALLA, NY. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $767K in total assets. In 2024, it awarded 5 grants totaling $68K. Net investment income was $89K.
Focus Areas
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Geographic Focus
Where this funder awards grants
Grant Distribution by State
Cities
Financial History
Multi-year comparison from IRS filings
| Metric | 2024 | 2023 | 2022 |
|---|---|---|---|
| Total Assets | $767,205 | $745,364 | $713,239 |
| Revenue | $110,166 | $99,301 | $85,273 |
| Expenses | $88,325 | $78,916 | $151,313 |
| Qualifying Distributions | $67,500 | $62,250 | $135,700 |
| Net Investment Income | $89,341 | $82,655 | $69,660 |
| Distributable Amount | $111,314 | $115,146 | $128,662 |
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
51 grants across all recorded years
Giving History
Grant recipients and amounts by year
Among its reported 2024 grants, the largest recipients include Harvey School ($30,000), The Westchester Arc Foundation Inc ($25,000), Child Guidance Center ($5,000).
| Recipient | Purpose | Amount |
|---|---|---|
| HARVEY SCHOOL KATONAH, NY | SCHOOL EDUCATION SUPPORT | $30,000 |
| THE WESTCHESTER ARC FOUNDATION INC HAWTHORNE, NY | SUPPORTING CHILDREN, TEENS AND ADULTS WITH DEVELOPMENTAL DISABILITIES | $25,000 |
| CHILD GUIDANCE CENTER STAMFORD, CT | TREATMENT, EDUCATION, AND COMMUNITY SUPPORT | $5,000 |
| SCARSDALE POLICE BENEVOLENT ASSOCIATION SCARSDALE, NY | PUBLIC SAFETY SUPPORT | $4,000 |
| STEPINAC HS FDN WHITE PLAINS, NY | ACADEMIC PROGRAM SUPPORT | $3,500 |
Leadership & Key People
Officers and directors from IRS filings
Compensation Overview
From 2024 IRS filing
From 2024 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| KEVIN WATERHOUSE | TRUSTEE | 0.1 | — |
| CHRISTINE GROFF | TRUSTEE | 0.1 | — |
| JENNIFER WATERHOUSE COOPER | TRUSTEE | 0.1 | — |
| LAWRENCE WATERHOUSE III | TRUSTEE | 0.1 | — |
| PATRICK WATERHOUSE | TRUSTEE | 0.1 | — |
Subject Areas
Focus areas based on grantmaking activity
Frequently Asked Questions
What is Marjorie & Richard Mcgahren Foundation?
Marjorie & Richard Mcgahren Foundation is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in VALHALLA, NY. It holds $767K in total assets as of 2024.
How large is Marjorie & Richard Mcgahren Foundation?
As of 2024, Marjorie & Richard Mcgahren Foundation holds $767K in total assets with $110K in annual revenue. It awarded 5 grants totaling $68K in 2024.
Where does Marjorie & Richard Mcgahren Foundation operate?
Marjorie & Richard Mcgahren Foundation has awarded grants in Alabama, Connecticut, District of Columbia, Florida, Illinois, Kentucky, Nebraska, New York, Virginia.
What size grants does Marjorie & Richard Mcgahren Foundation award?
In 2024, Marjorie & Richard Mcgahren Foundation awarded 5 grants totaling $68K — an average of about $14K per grant, based on its IRS Form 990 filings.
How much is Marjorie & Richard Mcgahren Foundation required to give away each year?
Private foundations must generally distribute about 5% of their assets annually. For 2024, Marjorie & Richard Mcgahren Foundation reported a distributable amount of $111K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.
What is Marjorie & Richard Mcgahren Foundation's EIN?
Marjorie & Richard Mcgahren Foundation's EIN (Employer Identification Number) is 06-6447410. IRS Form 990 filing data is available on this page for 2020–2024.
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Browse active grant opportunities in Marjorie & Richard Mcgahren Foundation's focus areas in our free grants database
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Data last updated April 2026. Sourced from IRS Form 990-PF filings.