McCarthy Family Foundation
The McCarthy Family Foundation is a private foundation based in Dallas, Texas. It supports nonprofits through financial assistance and outreach, with a stated aim of helping organizations reach their goals and expand within their communities.
McCarthy Family Foundation at a glance
In short: McCarthy Family Foundation gave $203K across 29 grants in 2025 (avg $7K), mostly in Massachusetts. Source: 2025 IRS Form 990-PF.
- Annual giving (2025)
- $203,000
- +18.0% vs 2024
- Grants made (2025)
- 29
- +38.1% vs 2024
- Average grant
- $7,000
- -14.5% vs 2024
- Median grant
- $7,500
- Total assets
- $4,064,389
- +4.1% vs 2024
- Primary geography
- Massachusetts (93% of itemized 2025 grant dollars)
- Latest 990 filing
- Form 990-PF, 2025 View filing
Data from IRS Form 990-PF, 2025; updated October 2026.
How to apply to McCarthy Family Foundation
- Accepts unsolicited proposals
- Yes
- How to Apply
-
The foundation accepts unsolicited requests. Its stated process begins with a letter of inquiry from an interested nonprofit; the 2024 filing says to submit a written request and lists no deadlines.
- Review Cycle
- None stated.
- Deadline
- None stated.
- Contact
Application contact: Bank Of America Co Emma Greene
Mailing address: 225 Franklin St Fl 4, Boston, MA 02110
Phone: (617) 434-0329
Website: https://mccarthyfamilyfoundation.com
Application details from Grantable's research on the foundation's public materials; confirm on its website before applying.
Open Grants
1 open opportunity from McCarthy Family Foundation
Who McCarthy Family Foundation funds
How this funder distributes its grants
Top Recipients
Top 10 recipients in 2025
The largest 2025 recipient was Boys & Girls Club of Lynn ($10K). Together the top 10 received $100K.
Grant Size Distribution
101 grants across all recorded years
The most common grant size was under $50K: 100 grants of 101 (99%).
Geographic Focus
Where this funder awards grants
The foundation’s website says it provides funding to deserving nonprofits in the DFW Metroplex. Its 2025 grant dollars went primarily to Massachusetts recipients: 93% to Massachusetts, 5% to New York, and 2% to Colorado. The 2024 filing states a preference for residents of the North Shore and Route 128.
Grant Distribution by State
Share of 2025 grant dollars across all 29 itemized grants.
Cities
How McCarthy Family Foundation gives
- 52% of 2025 grantees were also funded in 2024. Method
- Giving held roughly steady from 2022 to 2025 (+7%). Method
- In 2025 it paid out 101% of its IRS minimum distribution (the 5% rule). Method
Estimate from itemized grant lists in IRS Form 990-PF filings (2025). Recipient names are matched across years, so a renamed or misspelled grantee can look new; grants to individuals are left out. Methodology.
Giving History
Giving Over Time
Total grant dollars and number of grants per year
From 2019 to 2025, annual grant giving ranged from $144K (2019) to $203K (2025). In 2025 it made 29 grants totaling $203K.
Grants by year
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| Boys & Girls Club of Lynn Lynn, MA | Unrestricted General | $10,000 |
| Girls Inc of Boston & Lynn Lynn, MA | Unrestricted General | $10,000 |
| United Way of Massachusetts Bay Boston, MA | Unrestricted General | $10,000 |
| Action Inc Gloucester, MA | Unrestricted General | $10,000 |
| New American Assn of Massachusetts Lynn, MA | Unrestricted General | $10,000 |
| Beverly Bootstraps Community Services Beverly, MA | Unrestricted General | $10,000 |
| The Salem Pantry Salem, MA | Unrestricted General | $10,000 |
| The Open Door Cape Ann Food Pantry Inc Gloucester, MA | Unrestricted General | $10,000 |
| Haven from Hunger of Peabody Inc Peabody, MA | Unrestricted General | $10,000 |
| CASA Mariposa Inc Lynn, MA | Unrestricted General | $10,000 |
Ready to take the next step with McCarthy Family Foundation?
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 | $4,064,389 | $433,380 | $274,304 | $203,000 | 29 | $237,326 | $403,387 | $235,182 |
| 2024 | $3,904,111 | $393,027 | $234,132 | $172,000 | 21 | $204,399 | $360,794 | $221,611 |
| 2023 | $3,749,438 | $132,986 | $230,627 | $176,500 | 23 | $205,361 | $96,927 | $201,337 |
| 2022 | $3,848,246 | $-105,914 | $262,913 | $190,000 | 27 | $218,991 | $54,179 | $206,185 |
| 2021 | $4,216,796 | $834,425 | $244,213 | $181,000 | 1 | $213,698 | $802,050 | $230,013 |
| 2020 | $3,598,725 | $268,289 | $209,823 | $152,500 | 1 | — | $244,928 | $195,484 |
| 2019 | $3,550,929 | $246,133 | $192,567 | $143,500 | 1 | — | $236,595 | $186,345 |
Under IRS private-foundation payout rules, McCarthy Family Foundation reported a distributable amount of $235K for 2025 — the minimum it must pay out in qualifying distributions.
Research compiled by Grantable AI from public sources. Last updated October 2026.
Mission & Focus Areas
The foundation’s stated mission is to build meaningful relationships with independent charities and nonprofits to help them reach their goals and expand within their communities. Its website says it is not limited to one cause and lists health and wellness, the arts, military support, education, and mentorship as areas of interest. The charity fund also states a preference for education, food, health, and housing and shelter programs.
The foundation says its incubator program selects eligible organizations and determines how best to support them through financial assistance and outreach. Its 2025 grantees included organizations whose own missions address food access, housing stability, education, youth development, and community opportunity. For example, Beverly Bootstraps Community Services describes its work as providing resources including food, housing stability, education, counseling, and advocacy; The Open Door Cape Ann Food Pantry says its mission is to alleviate hunger; and Boys & Girls Club of Lynn says it works to help young people realize their potential.
Grantmaking
In 2025, the foundation reported 29 grants totaling $203,000. Grants ranged from $2,500 to $10,000, with a median of $7,500. The largest listed grants were $10,000 each to Boys & Girls Club of Lynn, Girls Inc. of Boston & Lynn, United Way of Massachusetts Bay, Action Inc., New American Association of Massachusetts, Beverly Bootstraps Community Services, The Salem Pantry, The Open Door Cape Ann Food Pantry, Haven from Hunger of Peabody, and Casa Mariposa. Each was listed for unrestricted general support.
The foundation’s website describes a process beginning with a letter of inquiry, followed by committee review and invitations for selected organizations to submit a formal application. It says the application process includes notification of award decisions and an invitation-only check presentation. The charity fund considers general operating and program support, as well as specific program-enabling capital improvements; grants may include matching requirements or be payable over multiple years. The fund does not support endowment campaigns or event sponsorships such as galas or award ceremonies.
Leadership & Key People
Leadership team and compensation from IRS filings
The 2025 filing lists Bank of America as trustee and Claudia Luck, J David Moran, Elton McCausland, Kevin P Stiles, and Susan T Monaham as co-trustees. The foundation’s website identifies Mike and Jessica McCarthy with its work.
McCarthy Family Foundation's 2025 filing lists 6 officers; all 6 officers listed in 2025 are compensated.
Officers on the 2025 filing
Bank Of America
Trustee
On filings since 2019
1 hr/week
$33K (2019) → $39K (2025)
Claudia Luck
Co-Trustee
On filings since 2019
1 hr/week
$3K (2019) → $4K (2025)
Elton McCausland
Co-Trustee
On filings since 2019
1 hr/week
$3K (2019) → $4K (2025)
J. David Moran
Co-Trustee
On filings since 2019
1 hr/week
$3K (2019) → $4K (2025)
Kevin P. Stiles
Co-Trustee
On filings since 2019
1 hr/week
$3K (2019) → $4K (2025)
Susan T. Monaham
Co-Trustee
On filings since 2022
1 hr/week
$244 (2022) → $4K (2025)
Data from IRS Form 990 filings, 2019–2025. "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 $39K, to Bank of America (Trustee). 6 officers or directors reported compensation on that filing.
Frequently asked questions about McCarthy Family Foundation
How much does McCarthy Family Foundation give each year?
McCarthy Family Foundation gave $203K across 29 grants in 2025, according to its 2025 IRS Form 990-PF. In 2024 it gave $172K across 21 grants.
What is McCarthy Family Foundation's typical grant size?
McCarthy Family Foundation's median grant in 2025 was $7,500, and its average grant was $7,000, across 29 grants on its 2025 IRS Form 990-PF.
Where does McCarthy Family Foundation give grants?
McCarthy Family Foundation gives mostly in Massachusetts: 93% of the grant dollars itemized on its 2025 IRS Form 990-PF went to recipients there. The most frequent recipient cities were Lynn, MA (7 grants), Gloucester, MA (4 grants), Salem, MA (4 grants) and Beverly, MA (3 grants).
Does McCarthy Family Foundation give general operating support?
Yes: 100% of McCarthy Family Foundation's 2025 grants with a stated purpose (29 of 29) were for general or operating support, per its 2025 IRS Form 990-PF.
Who are McCarthy Family Foundation's largest grantees?
McCarthy Family Foundation's largest 2025 grantees include Boys & Girls Club of Lynn ($10,000), Girls Inc of Boston & Lynn ($10,000) and United Way of Massachusetts Bay ($10,000), according to its 2025 IRS Form 990-PF. Together they received 15% of its itemized 2025 grant dollars.
How large is McCarthy Family Foundation?
McCarthy Family Foundation reported $4.1M in total assets on its 2025 IRS Form 990-PF. It paid out $237K in qualifying distributions that year, against a required minimum of $235K (roughly 5% of its investment assets).
What does McCarthy Family Foundation fund?
The foundation’s stated mission is to build meaningful relationships with independent charities and nonprofits to help them reach their goals and expand within their communities. See mission & focus areas ↑
How do I apply for a grant from McCarthy Family Foundation?
The foundation accepts unsolicited requests. Eligibility and process details are in the grantmaking section of this profile. See how to apply ↑
What is McCarthy Family Foundation's EIN?
McCarthy Family Foundation's EIN (Employer Identification Number) is 04-6020152. IRS Form 990 filing data is available on this page for 2019–2025.
Does McCarthy Family Foundation accept unsolicited proposals?
Yes, according to Grantable's research on the foundation's published guidelines. See how to apply ↑
Data last updated October 2026. Sourced from IRS Form 990-PF filings. Research dossier generated October 2026.
Data update history
(8)
When this profile's IRS filing data changed on Grantable
- Updated Form 990-PF for fiscal year 2019 (received by the IRS March 26, 2020)
- Updated Form 990-PF for fiscal year 2020 (received by the IRS March 26, 2021)
- Updated Form 990-PF for fiscal year 2021 (received by the IRS March 22, 2022)
- Updated Form 990-PF for fiscal year 2022 (received by the IRS May 10, 2023)
- Updated Form 990-PF for fiscal year 2023 (received by the IRS March 26, 2024)
- Updated Form 990-PF for fiscal year 2024 (received by the IRS March 27, 2025)
- Updated Form 990-PF for fiscal year 2025 (received by the IRS April 21, 2026)
- IRS filings on file for fiscal years 2019–2025
Explore Open Grants
Browse active grant opportunities in McCarthy Family Foundation's focus areas in our free grants database
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Cite this profile
Grantable. (2026). McCarthy Family Foundation funder profile. GrantGraph. Retrieved October 11, 2026, from https://grantable.co/funders/mccarthy-family-foundation-morg_a8d6de35fe1f45468aa034adb7d20c28
BibTeX
@misc{grantable_046020152_2026,
author = {{Grantable}},
title = {{McCarthy Family Foundation funder profile}},
howpublished = {GrantGraph},
year = {2026},
url = {https://grantable.co/funders/mccarthy-family-foundation-morg_a8d6de35fe1f45468aa034adb7d20c28},
note = {Accessed 2026-10-11. Data licensed CC BY 4.0}
}The figures on this page are open data under CC BY 4.0: reuse them with credit to Grantable and a link. Download the data.
Figures come from McCarthy Family Foundation's IRS filings (methodology). AI-written summaries, news items and logos are not covered by the open licence. Spot an error? Email hello@grantable.co.
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