McCarthy Family Foundation
McCarthy Family Foundation is a private foundation, based in Cleveland, OH. IRS filing data is available from 2019 through 2025. As of 2025, the organization holds $2.0M in total assets. In 2025, it awarded 1 grant totaling $50K. Net investment income was $104K.
McCarthy Family Foundation at a glance
In short: McCarthy Family Foundation gave $50K across 1 grant in 2025 (avg $50K), mostly in Indiana. Source: 2025 IRS Form 990-PF.
- Annual giving (2025)
- $50,000
- -75.0% vs 2024
- Grants made (2025)
- 1
- -50.0% vs 2024
- Average grant
- $50,000
- -50.0% vs 2024
- Median grant
- $50,000
- Total assets
- $2,034,971
- +2.8% vs 2024
- Primary geography
- Indiana (100% of itemized 2025 grant dollars)
- Latest 990 filing
- Form 990-PF, 2025 View filing
Data from IRS Form 990-PF, 2025; updated September 2026.
Who McCarthy Family Foundation funds
How this funder distributes its grants
Top Recipients
Top recipient in 2025
The largest 2025 recipient was Commonwealth Impact Foundation Inc ($50K).
Grant Size Distribution
9 grants across all recorded years
The most common grant size was under $50K: 6 grants of 9 (67%).
Geographic Focus
Where this funder awards grants
Grant Distribution by State
Share of the 2025 grant dollars on its one itemized grant.
Cities
How McCarthy Family Foundation gives
- Giving grew 100% from 2022 to 2025. Method
- In 2025 it paid out 38% of its IRS minimum distribution (the 5% rule). Foundations have until the end of the next year to meet it. Method
From the foundation's IRS Form 990-PF filings. Methodology.
Giving History
Giving Over Time
Total grant dollars and number of grants per year
From 2019 to 2025, annual grant giving ranged from $15K (2019) to $200K (2024). In 2025 it made 1 grant totaling $50K.
Grants by year
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| Commonwealth Impact Foundation Inc Indianapolis, IN | Help Support the Marshawn Kneeland Foundation | $50,000 |
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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 | $2,034,971 | $120,994 | $67,118 | $50,000 | 1 | $50,000 | $103,876 | $130,043 |
| 2024 | $1,978,760 | $135,994 | $216,906 | $200,000 | 2 | $200,000 | $119,088 | $121,976 |
| 2023 | $2,059,672 | $216,017 | $87,103 | $70,000 | 4 | $70,000 | $198,914 | $112,999 |
| 2022 | $1,930,758 | $121,877 | $41,513 | $25,000 | 1 | $25,000 | $90,959 | $114,231 |
| 2021 | $1,850,394 | $141,777 | $117,690 | $100,000 | 1 | $100,000 | $124,087 | $123,503 |
| 2020 | $1,826,307 | $12,553 | $123,944 | $108,000 | 2 | — | $33,733 | $108,583 |
| 2019 | $1,937,698 | $73,740 | $31,228 | $15,000 | 2 | — | $57,512 | $106,900 |
Under IRS private-foundation payout rules, McCarthy Family Foundation reported a distributable amount of $130K for 2025 — the minimum it must pay out in qualifying distributions.
Leadership & Key People
Officers and directors from IRS filings
McCarthy Family Foundation's 2025 filing lists 2 officers; none of the 2 officers listed in 2025 report compensation.
Officers on the 2025 filing
Jessica A. McCarthy
Trustee
On filings since 2019
1 hr/week
No compensation reported
Michael J. McCarthy
Trustee
On filings since 2019
1 hr/week
No compensation reported
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.
Frequently asked questions about McCarthy Family Foundation
How much does McCarthy Family Foundation give each year?
McCarthy Family Foundation gave $50K across 1 grant in 2025, according to its 2025 IRS Form 990-PF. In 2024 it gave $200K across 2 grants.
How large is McCarthy Family Foundation?
McCarthy Family Foundation reported $2.0M in total assets on its 2025 IRS Form 990-PF. It paid out $50K in qualifying distributions that year, against a required minimum of $130K (roughly 5% of its investment assets). Falling short in one year is not a violation: foundations have until the end of the next year to meet the minimum.
Where does McCarthy Family Foundation operate?
McCarthy Family Foundation has awarded grants in California, Florida, Indiana, Missouri, Nevada, New York, Pennsylvania, Texas, Wisconsin.
What is McCarthy Family Foundation's EIN?
McCarthy Family Foundation's EIN (Employer Identification Number) is 45-2784199. IRS Form 990 filing data is available on this page for 2019–2025.
Data last updated September 2026. Sourced from IRS Form 990-PF filings.
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 May 6, 2020)
- Updated Form 990-PF for fiscal year 2020 (received by the IRS July 30, 2021)
- Updated Form 990-PF for fiscal year 2021 (received by the IRS May 27, 2022)
- Updated Form 990-PF for fiscal year 2022 (received by the IRS August 21, 2023)
- Updated Form 990-PF for fiscal year 2023 (received by the IRS September 4, 2024)
- Updated Form 990-PF for fiscal year 2024 (received by the IRS October 13, 2025)
- Added Form 990-PF for fiscal year 2025 (received by the IRS July 27, 2026)
- IRS filings on file for fiscal years 2019–2024
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