Mccarthy Family Foundation
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
21
-8.7% YoY
Avg Grant Size
$8K
+6.7% YoY
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
Cities
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
| 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
Giving History
Grant recipients and amounts by year
No grants recorded for .
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 PressData last updated April 2026. Sourced from IRS Form 990-PF filings. Research dossier generated April 2026.
What could you do with Mccarthy Family Foundation on Grantable?
- Assess strategic fit with your organization
- Draft a tailored letter of inquiry
- Find open RFPs from this funder
- Monitor for new funding opportunities