McAdams Foundation
McAdams Foundation is a private foundation, based in Indianapolis, IN. IRS filing data is available from 2020 through 2025. As of 2025, the organization holds $621K in total assets. In 2025, it awarded 8 grants totaling $19K. Net investment income was $17K.
McAdams Foundation at a glance
In short: McAdams Foundation gave $19K across 8 grants in 2025 (avg $2K), mostly in Indiana. Source: 2025 IRS Form 990-PF.
- Annual giving (2025)
- $19,100
- -31.8% vs 2024
- Grants made (2025)
- 8
- -38.5% vs 2024
- Average grant
- $2,388
- +10.8% vs 2024
- Median grant
- $2,500
- Total assets
- $621,183
- +4.3% vs 2024
- Primary geography
- Indiana (97% 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 McAdams Foundation funds
How this funder distributes its grants
Top Recipients
Top 7 recipients in 2025
The largest 2025 recipient was Conner Prairie ($3K). Together the top 7 received $13K.
Organizations only. It also paid 1 individual scholarship ($6,000), which are not listed by name.
Grant Size Distribution
43 grants across all recorded years
The most common grant size was under $50K: 43 grants of 43 (100%).
Geographic Focus
Where this funder awards grants
Grant Distribution by State
Share of 2025 grant dollars across all 8 itemized grants.
Cities
How McAdams Foundation gives
- Giving held roughly steady from 2022 to 2025 (−5%). Method
- In 2025 it paid out 87% 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 2025, annual grant giving ranged from $15K (2023) to $31K (2021). In 2025 it made 8 grants totaling $19K.
Grants by year
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| 1 individual scholarship Recipients not named | — | $6,000 |
| Conner Prairie Fishers, IN | 2025 Mission | $3,000 |
| Life Point Church Indianapolis, IN | General Fund | $3,000 |
| Hunger Inc Indianapolis, IN | Non-Profit Food Pantry | $3,000 |
| Indiana State Parks Natural Indianapolis, IN | Memorial Support | $2,000 |
| Franciscan Health Foundation Indianapolis, IN | Indianapolis Campus Support | $1,100 |
| Indiana Central Indianapolis, IN | Supporting Our Youth | $500 |
| Ainsley's Angels of America Virginia Beach, VA | To Support Local Youth Athletes | $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 |
|---|---|---|---|---|---|---|---|---|
| 2025 | $621,183 | $33,585 | $41,120 | $19,100 | 8 | $25,000 | $17,465 | $28,664 |
| 2024 | $595,513 | $48,054 | $52,968 | $28,000 | 13 | $34,050 | $9,136 | $27,833 |
| 2023 | $572,519 | $23,223 | $36,795 | $15,000 | 5 | $20,900 | $7,328 | $27,264 |
| 2022 | $536,393 | $16,193 | $42,545 | $20,000 | 8 | $25,900 | — | $26,962 |
| 2021 | $669,979 | $54,729 | $53,251 | $31,000 | 9 | $36,450 | $37,928 | $31,125 |
| 2020 | $664,002 | $38,815 | $53,003 | $31,000 | 8 | — | $22,262 | $29,994 |
Under IRS private-foundation payout rules, McAdams Foundation reported a distributable amount of $29K for 2025 — the minimum it must pay out in qualifying distributions.
Leadership & Key People
Officers and directors from IRS filings
McAdams Foundation is led by Kathleen R. McAdams, Trustee & President on every filing since 2020; all 7 officers listed in 2025 are compensated.
Officers on the 2025 filing
Kathleen R. McAdams
Trustee & President
On filings since 2020
4 hrs/week
$13K (2020) → $13K (2025)
James E. McAdams
Trustee & Vice
Trustee & Vice President → Trustee & Vice, 2025
On filings since 2020
0.5 hrs/week
$300 (2020) → $300 (2025)
Martha L. Olson
Trustee & Vice
Trustee & Vice President → Trustee & Vice, 2025
On filings since 2020
0.5 hrs/week
$300 (2020) → $300 (2025)
Timothy A. McAdams
Trustee & Vice
Trustee & Vice President → Trustee & Vice, 2025
On filings since 2020
0.5 hrs/week
$300 (2020) → $300 (2025)
Lars Olson
Trustee & Vice
Trustee & Vice President → Trustee & Vice, 2025
On filings since 2022
0.5 hrs/week
$300 (2022) → $300 (2025)
Nels Olson
Trustee & Vice
Trustee & Vice President → Trustee & Vice, 2025
On filings since 2022
0.5 hrs/week
$300 (2022) → $300 (2025)
Lauren McAdams
Non-Voting T
New on the 2025 filing
$300 (2025)
Former officers (4)
- Former: Grant McAdams (2024) — Non-Voting Trainee
- Former: Kristin Olson (2024) — Non-Voting Trainee
- Former: Anna Long (2023) — Non-Voting Trainee
- Former: Kelsey Olson (2023) — Non-Voting Trainee
Data from IRS Form 990 filings, 2020–2025. "On filings since" is the earliest filing we hold that lists the person; hours are average hours per week as reported.
Compensation Overview
From 2025 IRS filing
The highest reported compensation on the 2025 filing was $13K, to Kathleen R McAdams (Trustee/Pres). 7 officers or directors reported compensation on that filing.
Frequently asked questions about McAdams Foundation
How much does McAdams Foundation give each year?
McAdams Foundation gave $19K across 8 grants in 2025, according to its 2025 IRS Form 990-PF. In 2024 it gave $28K across 13 grants.
What is McAdams Foundation's typical grant size?
McAdams Foundation's median grant in 2025 was $2,500, and its average grant was $2,388, across 8 grants on its 2025 IRS Form 990-PF.
Where does McAdams Foundation give grants?
McAdams Foundation gives mostly in Indiana: 97% of the grant dollars itemized on its 2025 IRS Form 990-PF went to recipients there. The most frequent recipient cities were Indianapolis, IN (5 grants).
Does McAdams Foundation give general operating support?
Yes: 13% of McAdams Foundation's 2025 grants with a stated purpose (1 of 8) were for general or operating support, per its 2025 IRS Form 990-PF.
Who are McAdams Foundation's largest grantees?
McAdams Foundation's largest 2025 grantees include Conner Prairie ($3,000), Life Point Church ($3,000) and Hunger Inc ($3,000), according to its 2025 IRS Form 990-PF. It also paid 1 individual scholarship ($6,000), which are not listed by name. Together they received 47% of its itemized 2025 grant dollars.
How large is McAdams Foundation?
McAdams Foundation reported $621K in total assets on its 2025 IRS Form 990-PF. It paid out $25K in qualifying distributions that year, against a required minimum of $29K (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 McAdams Foundation's EIN?
McAdams Foundation's EIN (Employer Identification Number) is 35-1656218. IRS Form 990 filing data is available on this page for 2020–2025.
Data last updated September 2026. Sourced from IRS Form 990-PF filings.
Data update history
(7)
When this profile's IRS filing data changed on Grantable
- Updated Form 990-PF for fiscal year 2020 (received by the IRS May 5, 2021)
- Updated Form 990-PF for fiscal year 2021 (received by the IRS March 8, 2022)
- Updated Form 990-PF for fiscal year 2022 (received by the IRS March 15, 2023)
- Updated Form 990-PF for fiscal year 2023 (received by the IRS March 2, 2024)
- Updated Form 990-PF for fiscal year 2024 (received by the IRS February 24, 2025)
- Updated Form 990-PF for fiscal year 2025 (received by the IRS March 19, 2026)
- IRS filings on file for fiscal years 2020–2025
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