Mccarthy Family Foundation

DALLAS, TX EIN: 04-6020152 Website

The McCarthy Family Foundation is a private foundation based in Dallas, Texas, dedicated to helping small nonprofits and charities reach their goals and expand within their communities. Founded in 1959, the foundation operates an incubator program that provides financial support and outreach to eligible organizations, with the belief that real change starts within communities.

Financial Overview

From 2024 IRS Form 990-PF · View filing

Total Assets

$3.9M

+4.1% YoY

Annual Giving

$172K

-2.5% YoY

Grant Count

-8.7% YoY

Avg Grant Size

$8K

+6.7% YoY

Under IRS private-foundation payout rules, Mccarthy Family Foundation reported a distributable amount of $222K for 2024 — the minimum it must pay out in qualifying distributions.

Research compiled by Grantable AI from public sources. Last updated April 2026.

Mission & Focus Areas

The foundation's mission is to build meaningful relationships with independent charities and nonprofits to help them reach goals and expand within their communities.

Primary areas of interest include:

Health and wellness
The arts
Military support
Education
Mentorship

The foundation is not limited to a single cause or issue but seeks to support organizations that fulfill their grant criteria and will benefit from substantial, long-term impact.

Grantmaking

1. Letter of Inquiry submitted by interested nonprofits

Grant Range

s:** Typical awards range from $1,000 to $15,000, with a median grant amount of $8,000.

Review Cycle

How to Apply

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Geographic Focus

Where this funder awards grants

The foundation provides funding to deserving nonprofits within the DFW (Dallas-Fort Worth) Metroplex. The foundation has also made significant contributions to organizations in other regions, including Pennsylvania, Wisconsin, and New York.

Grant Distribution by State

Massachusetts $529K (61%)

Rhode Island $334K (38%)

New York $10K (1%)

States

Massachusetts New York Rhode Island

Cities

BeverlyBostonGloucesterGlouchesterHamiltonLawrenceLincolnLynnLynnfieldPeabodyPearl RiverReadingSalemSee Attached StatementWest Boxford

Financial History

Multi-year comparison from IRS filings

As of Fiscal Year 2024:

Total Assets: $3,904,111
Total Revenue: $393,027
Total Expenses: $234,132
Net Income: $158,895
Total Liabilities: $0

Revenue Sources (2024):

Investment income and dividends: $111,507
Net gain from sale of non-inventory assets: $281,520
Contributions received: $0

Historical Impact:

$2 million in contributions made directly by the McCarthy Family Foundation to charities across the globe over the last decade
$515,000 in tuition relief for students at St. Rosalia Academy in Pittsburgh, Pennsylvania
$350,000 to support the building of The American Family Children's Hospital Surgical Neonatal Intensive Care Unit in Madison, Wisconsin
$100,000 to the MVP Foundation, which supports combat veterans and former professional athletes transitioning to life off the field
$100,000 to the Green Bay Police Foundation to improve public safety

Tax Status: 501(c)(3) organization; tax-exempt since March 1959

Revenue

Expenses

Qualifying Distributions

Net Investment Income

Metric	2024	2023	2022
Total Assets	$3,904,111	$3,749,438	$3,848,246
Revenue	$393,027	$132,986	$-105,914
Expenses	$234,132	$230,627	$262,913
Qualifying Distributions	$204,399	$205,361	$218,991
Net Investment Income	$360,794	$96,927	$54,179
Distributable Amount	$221,611	$201,337	$206,185

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

73 grants across all recorded years

Open Grants

1 open opportunity from Mccarthy Family Foundation

Foundation

McCarthy Family Foundation Charity Fund Grant

MCCARTHY FAMILY FOUNDATION

Amount

Varies

Deadline

Rolling / Open

Giving History

Grant recipients and amounts by year

Among its reported 2024 grants, the largest include Girls Inc of Lynn ($15,000), The Open Door Cape Ann Food Pantry Inc ($15,000), Boys & Girls Club of Lynn ($10,000).

Recipient	Purpose	Amount
YWCA OF GREATER LAWRENCE LAWRENCE, MA	GENERAL CHARITABLE	$5,000
BOYS & GIRLS CLUB OF LYNN LYNN, MA	UNRESTRICTED GENERAL	$10,000
CAMP FIRE NORTH SHORE INC SALEM, MA	UNRESTRICTED GENERAL	$7,500
GIRLS INC OF LYNN LYNN, MA	UNRESTRICTED GENERAL	$15,000
THE HOUSE OF SEVEN GABLES SALEM, MA	UNRESTRICTED GENERAL SH	$8,000
FAMILY & CHILDREN SERVICES - LIFESCIE LYNN, MA	UNRESTRICTED GENERAL	$7,500
ACTION INC GLOUCESTER, MA	UNRESTRICTED GENERAL	$10,000
PATHWAYS FOR CHILDREN GLOUCESTER, MA	UNRESTRCTED GENERAL SUPPORT	$2,500
BEVERLY BOOTSTRAPS COMMUNITY SERVICES BEVERLY, MA	UNRESTRICTED GENERAL	$7,500
EXPRESS YOURSELF INC PEABODY, MA	UNRESTRICTED GENERAL	$10,000

Leadership & Key People

Leadership team and compensation from IRS filings

Trustees:

Bank of America (Managing Trustee)
Claudia Luck (Co-Trustee)
J David Moran (Co-Trustee)
Elton McCausland (Co-Trustee)
Kevin P Stiles (Co-Trustee)
Susan T Monahan (Co-Trustee)

Founders/Key Figures:

Mike McCarthy, Super Bowl-winning head coach and Head Coach for the Dallas Cowboys
Jessica McCarthy

The foundation was established by the McCarthy family with a philosophy rooted in giving back to communities. Mike McCarthy grew up in a home where philanthropy was central to family values, influenced by his parents' work in public safety and state government.

Compensation Overview

From 2024 IRS filing

From 2024 filing

Name	Title	Hours	Compensation
BANK OF AMERICA	TRUSTEE	1	$39,792
CLAUDIA LUCK	CO-TRUSTEE	1	$3,314
J DAVID MORAN	CO-TRUSTEE	1	$3,314
ELTON MCCAUSLAND	CO-TRUSTEE	1	—
KEVIN P STILES	CO-TRUSTEE	1	$3,314
SUSAN T MONAHAM	CO-TRUSTEE	1	$3,314

Recent News & Activity

Recent developments and announcements

The foundation has established endowment funds and legacy funds supporting various causes, including support for multi-generational retail florists and long-term support for food banks. The foundation continues to actively accept grant applications and maintain its commitment to supporting nonprofits in its service areas.

McCarthy Foundation establishes endowment fund at CRCF - Salamanca Free Press

Frequently Asked Questions

What does Mccarthy Family Foundation fund?

The foundation's mission is to build meaningful relationships with independent charities and nonprofits to help them reach goals and expand within their communities. Primary areas of interest include: • Health and wellness • The arts • Military support • Education • Mentorship The foundation is not limited to a single cause or issue but seeks to support organizations that fulfill their grant criteria and will benefit from substantial, long-term impact.

How do I apply for a grant from Mccarthy Family Foundation?

**Grant Sizes:** Typical awards range from $1,000 to $15,000, with a median grant amount of $8,000. **Recent Grant Activity:** The foundation made 21 grants in the most recent fiscal year (2024), with total giving of $172,000. Recent grantees include RAW Art Works, Action, Inc., and Salem Pantry, each receiving $10,000 in unrestricted general operating support. **Application Process:** 1. Letter of Inquiry submitted by interested nonprofits 2. McCarthy Family Foundation Steering Committee revie…

Where does Mccarthy Family Foundation make grants?

What size grants does Mccarthy Family Foundation award?

In 2024, Mccarthy Family Foundation awarded 21 grants totaling $172K — an average of about $8K per grant, based on its IRS Form 990 filings.

How much is Mccarthy Family Foundation required to give away each year?

Private foundations must generally distribute about 5% of their assets annually. For 2024, Mccarthy Family Foundation reported a distributable amount of $222K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.