Mcadams Foundation
Mcadams Foundation is a private foundation, based in INDIANAPOLIS, IN. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $596K in total assets. In 2024, it awarded 13 grants totaling $28K. Net investment income was $9K.
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$596K
+4.0% YoY
Annual Giving
$28K
+86.7% YoY
Grant Count
13
+160.0% YoY
Avg Grant Size
$2K
-28.2% YoY
Under IRS private-foundation payout rules, Mcadams Foundation reported a distributable amount of $28K for 2024 — the minimum it must pay out in qualifying distributions.
About Mcadams Foundation
Based on IRS filings
Mcadams Foundation is a private foundation, based in INDIANAPOLIS, IN. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $596K in total assets. In 2024, it awarded 13 grants totaling $28K. Net investment income was $9K.
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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 | $595,513 | $572,519 | $536,393 |
| Revenue | $48,054 | $23,223 | $16,193 |
| Expenses | $52,968 | $36,795 | $42,545 |
| Qualifying Distributions | $34,050 | $20,900 | $25,900 |
| Net Investment Income | $9,136 | $7,328 | — |
| Distributable Amount | $27,833 | $27,264 | $26,962 |
Giving Over Time
Total grant dollars and number of grants per year
Grant Insights
How this funder distributes its grants
Top Recipients
Top 10 recipients in 2024
Grant Size Distribution
43 grants across all recorded years
Giving History
Grant recipients and amounts by year
Among its reported 2024 grants, the largest include Arsenal Technical High School Alumni Association Inc ($6,000), Conner Prairie ($5,000), Ainsley's Angels of America ($5,000).
| Recipient | Purpose | Amount |
|---|---|---|
| ARSENAL TECHNICAL HIGH SCHOOL ALUMNI ASSOCIATION INC INDIANAPOLIS, IN | SCHOLARSHIPS | $6,000 |
| CONNER PRAIRIE FISHERS, IN | 2024 MISSION | $5,000 |
| INDIANA CENTRAL LITTLE LEAGUE INDIANAPOLIS, IN | SUPPORTING OUR YOUTH | $800 |
| LIFE POINT CHURCH INDIANAPOLIS, IN | GENERAL FUND | $2,000 |
| RILEY CHILDREN'S FOUNDATION INDIANAPOLIS, IN | RILEY HOSPITAL FOR CHILDREN FUND | $3,000 |
| HUNGER INC FOOD PANTRY INDIANAPOLIS, IN | NON-PROFIT FOOD PANTRY | $1,200 |
| THE INDIANAPOLIS PUBLIC LIBRARY FOUNDATION INDIANAPOLIS, IN | TO SUPPORT GENERAL PROGRAMS AND SERVICES | $1,400 |
| THE DOLLYWOOD FOUNDATION SEVIERVILLE, TN | IMAGINATION LIBRARY | $1,100 |
| ST RICHARD'S EPISCOPAL SCHOOL INDIANAPOLIS, IN | GENERAL SUPPORT | $100 |
| THE SALVATION ARMY INDIANAPOLIS, IN | RED KETTLE CHRISTMAS KICKOFF | $2,000 |
Leadership & Key People
Officers and directors from IRS filings
Compensation Overview
From 2024 IRS filing
From 2024 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| KATHLEEN R MCADAMS | TRUSTEE/PRESIDENT | 4 | $12,500 |
| MARTHA L OLSON | TRUSTEE/VICE-PRESIDENT | 0.5 | $300 |
| TIMOTHY A MCADAMS | TRUSTEE/VICE-PRESIDENT | 0.5 | $300 |
| JAMES E MCADAMS | TRUSTEE/VICE-PRESIDENT | 0.5 | $300 |
| LARS OLSON | TRUSTEE/VICE-PRESIDENT | 0.5 | $300 |
| NELS OLSON | TRUSTEE/VICE-PRESIDENT | 0.5 | $300 |
| KRISTIN OLSON | NON-VOTING TRAINEE | — | $300 |
| GRANT MCADAMS | NON-VOTING TRAINEE | — | $300 |
Frequently Asked Questions
How large is Mcadams Foundation?
As of 2024, Mcadams Foundation holds $596K in total assets with $48K in annual revenue. It awarded 13 grants totaling $28K in 2024.
Where does Mcadams Foundation operate?
Mcadams Foundation has awarded grants in Indiana, New York, Tennessee, Texas, Virginia.
What size grants does Mcadams Foundation award?
In 2024, Mcadams Foundation awarded 13 grants totaling $28K — an average of about $2K per grant, based on its IRS Form 990 filings.
How much is Mcadams Foundation required to give away each year?
Private foundations must generally distribute about 5% of their assets annually. For 2024, Mcadams Foundation reported a distributable amount of $28K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.
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 2020–2024.
Explore Open Grants
Browse active grant opportunities in Mcadams 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.
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