The McChord Foundation is a private foundation based in Norwalk, Connecticut. Established in May 2022, it is a newly formed family foundation with a 501(c)(3) designation. The foundation was capitalized through proceeds from the acquisition of Datto Inc., a Norwalk-based data backup and cybersecurity company.
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
—
Annual Giving
$6.6M
+50.3% YoY
Grant Count
20
-62.3% YoY
Avg Grant Size
$331K
+298.3% YoY
Mission & Focus Areas
The foundation's grantmaking priorities include:
- Education
- Philanthropy, Voluntarism & Grantmaking
- Human Services
Grantmaking
The foundation has made 57 grants totaling $4.8 million. Annual giving has grown significantly since inception, from $425,000 in 2022 to $4.4 million in 2023 and $6.62 million in 2024.
Grant Range
s & Patterns:**
Average Grant
$85,000
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Geographic Focus
Where this funder awards grants
The foundation primarily supports organizations in Connecticut, New York, and Pennsylvania, which account for 40% of all grants. Grantmaking reaches organizations across 17 states.
Grant Distribution by State
States
Cities
Financial History
Multi-year comparison from IRS filings
Assets & Revenue (2024):
- Total assets: $182,011,839
- Total revenues: $15,459,876
- Total expenses: $7,660,975
- Investment income and dividends: $4,769,283
- Net gain from sale of non-inventory assets: $10,690,593
Assets & Revenue (2023):
- Total assets: $174,000,000
- Total revenues: $6,284,553
- Total expenses: $5,500,000
The foundation has no employees and no liabilities.
| Metric | 2024 | 2023 | 2022 |
|---|---|---|---|
| Total Assets | — | — | — |
| Revenue | — | — | — |
| Expenses | — | — | — |
| Qualifying Distributions | — | — | — |
| Net Investment Income | — | — | — |
| Distributable Amount | — | — | — |
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
74 grants across all recorded years
Giving History
Grant recipients and amounts by year
No grants recorded for .
Leadership & Key People
Leadership team and compensation from IRS filings
- Austin McChord - Trustee (co-founder of Datto Inc.)
- Holt McChord - Trustee
- Kendall Horch - Trustee
- Angie Mecham - Principal Officer
The foundation is governed by 3 officers and trustees.
Compensation Overview
From 2024 IRS filing
From 2024 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| AUSTIN MCCHORD | DIRECTOR | 1 | — |
| HOLT MCCHORD | DIRECTOR | 1 | — |
| KENDALL HORCH | DIRECTOR | 1 | — |
Recent News & Activity
Recent developments and announcements
The foundation has been actively expanding its grantmaking since establishment. In 2024, the foundation announced significant grants in STEM education and community development, including major commitments to national education organizations and local community initiatives.
Tech Entrepreneur Austin McChord Announces $2M in STEM Education Grants\Subject Areas
Focus areas based on grantmaking activity
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Similar funders by location and focus area
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Nancy a Larson Foundation Inc
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Assets
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Data last updated April 2026. Sourced from IRS Form 990-PF filings. Research dossier generated April 2026.
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