Marjorie & Richard McGahren Foundation
Marjorie & Richard McGahren Foundation is a private foundation, 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.
Marjorie & Richard McGahren Foundation at a glance
In short: Marjorie & Richard McGahren Foundation gave $68K across 5 grants in 2024 (avg $14K), mostly in New York. Source: 2024 IRS Form 990-PF.
- Annual giving (2024)
- $67,500
- +8.4% vs 2023
- Grants made (2024)
- 5
- -37.5% vs 2023
- Average grant
- $13,500
- +73.5% vs 2023
- Median grant
- $5,000
- Total assets
- $767,205
- +2.9% vs 2023
- Primary geography
- New York (93% of itemized 2024 grant dollars)
- Latest 990 filing
- Form 990-PF, 2024 View filing
Data from IRS Form 990-PF, 2024; updated September 2026.
Who Marjorie & Richard McGahren Foundation funds
How this funder distributes its grants
Top Recipients
Top 5 recipients in 2024
The largest 2024 recipient was Harvey School ($30K). Together the top 5 received $68K.
Grant Size Distribution
51 grants across all recorded years
The most common grant size was under $50K: 48 grants of 51 (94%).
Geographic Focus
Where this funder awards grants
Grant Distribution by State
Share of 2024 grant dollars across all 5 itemized grants.
Cities
How Marjorie & Richard McGahren Foundation gives
- Giving held roughly steady from 2021 to 2024 (+2%). Method
- In 2024 it paid out 61% 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
From 2020 to 2024, annual grant giving ranged from $62K (2023) to $161K (2020). In 2024 it made 5 grants totaling $68K.
Grants by year
Grant recipients and amounts by year
| 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 |
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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 | $767,205 | $110,166 | $88,325 | $67,500 | 5 | $67,500 | $89,341 | $111,314 |
| 2023 | $745,364 | $99,301 | $78,916 | $62,250 | 8 | $62,250 | $82,655 | $115,146 |
| 2022 | $713,239 | $85,273 | $151,313 | $135,700 | 12 | $135,700 | $69,660 | $128,662 |
| 2021 | $776,379 | $135,344 | $84,180 | $66,500 | 10 | $66,500 | $137,390 | $125,205 |
| 2020 | $722,515 | $174,440 | $179,239 | $160,950 | 16 | — | $176,831 | $96,466 |
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.
Leadership & Key People
Officers and directors from IRS filings
Marjorie & Richard McGahren Foundation's 2024 filing lists 5 officers; none of the 5 officers listed in 2024 report compensation.
Officers on the 2024 filing
Christine Groff
Trustee
New on the 2024 filing
0.1 hrs/week
No compensation reported
Jennifer Waterhouse Cooper
Trustee
New on the 2024 filing
0.1 hrs/week
No compensation reported
Kevin Waterhouse
Trustee
New on the 2024 filing
0.1 hrs/week
No compensation reported
Lawrence Waterhouse III
Trustee
New on the 2024 filing
0.1 hrs/week
No compensation reported
Patrick Waterhouse
Trustee
New on the 2024 filing
0.1 hrs/week
No compensation reported
Former officers (1)
- Former: Marjorie McGahren (2020–2023) — Trustee
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 Marjorie & Richard McGahren Foundation
How much does Marjorie & Richard McGahren Foundation give each year?
Marjorie & Richard McGahren Foundation gave $68K across 5 grants in 2024, according to its 2024 IRS Form 990-PF. In 2023 it gave $62K across 8 grants.
What is Marjorie & Richard McGahren Foundation's typical grant size?
Marjorie & Richard McGahren Foundation's median grant in 2024 was $5,000, and its average grant was $13,500, across 5 grants on its 2024 IRS Form 990-PF.
Where does Marjorie & Richard McGahren Foundation give grants?
Marjorie & Richard McGahren Foundation gives mostly in New York: 93% of the grant dollars itemized on its 2024 IRS Form 990-PF went to recipients there. The next largest state was Connecticut (7%).
Does Marjorie & Richard McGahren Foundation give general operating support?
Not in 2024: none of the 5 grants with a stated purpose on Marjorie & Richard McGahren Foundation's 2024 IRS Form 990-PF were described as general or operating support.
Who are Marjorie & Richard McGahren Foundation's largest grantees?
Marjorie & Richard McGahren Foundation's largest 2024 grantees include Harvey School ($30,000), The Westchester Arc Foundation Inc ($25,000) and Child Guidance Center ($5,000), according to its 2024 IRS Form 990-PF. Together they received 89% of its itemized 2024 grant dollars.
How large is Marjorie & Richard McGahren Foundation?
Marjorie & Richard McGahren Foundation reported $767K in total assets on its 2024 IRS Form 990-PF. It paid out $68K in qualifying distributions that year, against a required minimum of $111K (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.
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.
Data last updated September 2026. Sourced from IRS Form 990-PF filings.
Data update history
(1)
When this profile's IRS filing data changed on Grantable
- IRS filings on file for fiscal years 2020–2024
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