Mccain Foundation

ERIE, PA EIN: 25-6049931

Mccain Foundation is a private foundation, based in ERIE, PA. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $983K in total assets. In 2024, it awarded 10 grants totaling $37K. Net investment income was $22K.

Financial Overview

From 2024 IRS Form 990-PF · View filing

Total Assets

$983K

+3.0% YoY

Annual Giving

$37K

-17.8% YoY

Grant Count

-9.1% YoY

Avg Grant Size

$4K

-9.6% YoY

Under IRS private-foundation payout rules, Mccain Foundation reported a distributable amount of $57K for 2024 — the minimum it must pay out in qualifying distributions.

About Mccain Foundation

Based on IRS filings

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Geographic Focus

Where this funder awards grants

Grant Distribution by State

Pennsylvania $174K (98%)

Tennessee $4K (2%)

States

Pennsylvania Tennessee

Cities

BradfordEdinboroErieIndianaMckeanMoonUniversity Park

Financial History

Multi-year comparison from IRS filings

Revenue

Expenses

Qualifying Distributions

Net Investment Income

Metric	2024	2023	2022
Total Assets	$982,513	$954,084	$986,832
Revenue	$30,484	$52,973	$56,287
Expenses	$46,299	$52,182	$46,226
Qualifying Distributions	$45,803	$52,182	$49,826
Net Investment Income	$21,681	$45,791	$47,461
Distributable Amount	$57,442	$52,330	$51,911

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

46 grants across all recorded years

Giving History

Grant recipients and amounts by year

Among its reported 2024 grants, the largest include Dafmark Dance Theater Acadamey ($6,000), Hamot Health Foundation ($5,000), Julia Hospice Palliative Care ($5,000).

Recipient	Purpose	Amount
HAMOT HEALTH FOUNDATION Erie, PA	GRANT SUPPORTING NURSING SCHOLARSHIPS	$5,000
STAIRWAYS BEHAVIORAL HEALTH Erie, PA	GRANT SUPPORTING MENTAL HEALTH SERVICES	$2,000
INDIANA UNIVERSITY OF PENNSYLVANIA INDIANA, PA	SCHOLARSHIP SUPPORTING STUDENT EDUCATION	$4,000
Julia Hospice Palliative Care MCKEAN, PA	GRANT SUPPORTING FACILITY UPGRADE CONSTRUCTION	$5,000
BARBER NATIONAL INSTITUTE Erie, PA	GRANT SUPPORTING MENTALLY CHALLENGED	$4,000
Emmaus Ministries Soup Kitchen Erie, PA	Assistance to feed the poor	$1,500
Second Harvest Food Bank Erie, PA	GRANT SUPPORTING FOOD DONATIONS TO THOSE IN NEED	$1,500
Erie Cancer Wellness Center Erie, PA	CANCER SUPPORT SERVICES	$4,000
PENNWEST UNIVERSITY EDINBORO, PA	STUDENT TUITION SCHOLARSHIP	$4,000
DAFMARK DANCE THEATER ACADAMEY ERIE, PA	GRANT SUPPORTING ARTS TO INTERCITY YOUTH	$6,000

Leadership & Key People

Officers and directors from IRS filings

Compensation Overview

From 2024 IRS filing

From 2024 filing

Name	Title	Hours	Compensation
DONALD MCCAIN	PRESIDENT DIRECTOR	1	—
SCOTT MCCAIN	TREASURER-DIRECTOR	1	—
JULIE SCHIRMER	DIRECTOR	1	—
THOMAS TREDWAY	DIRECTOR	1	—

Frequently Asked Questions

How large is Mccain Foundation?

As of 2024, Mccain Foundation holds $983K in total assets with $30K in annual revenue. It awarded 10 grants totaling $37K in 2024.

Where does Mccain Foundation operate?

Mccain Foundation has awarded grants in Pennsylvania, Tennessee.

What size grants does Mccain Foundation award?

In 2024, Mccain Foundation awarded 10 grants totaling $37K — an average of about $4K per grant, based on its IRS Form 990 filings.

How much is Mccain Foundation required to give away each year?

Private foundations must generally distribute about 5% of their assets annually. For 2024, Mccain Foundation reported a distributable amount of $57K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.