McColl Foundation
McColl Foundation is a private foundation, based in Charlotte, NC. IRS filing data is available from 2020 through 2021. In 2021, it awarded 2 grants totaling $253K.
McColl Foundation at a glance
In short: McColl Foundation gave $253K across 2 grants in 2021 (avg $126K), mostly in North Carolina. Source: 2021 IRS Form 990-PF.
- Annual giving (2021)
- $252,655
- +405.3% vs 2020
- Grants made (2021)
- 2
- +100.0% vs 2020
- Average grant
- $126,328
- +152.7% vs 2020
- Median grant
- $126,328
- Primary geography
- North Carolina (59% of itemized 2021 grant dollars)
- Latest 990 filing
- Form 990-PF, 2021 View filing
Data from IRS Form 990-PF, 2021; updated September 2026.
Who McColl Foundation funds
How this funder distributes its grants
Top Recipients
Top 2 recipients in 2021
The largest 2021 recipient was Teaching Fellows Institute of Charlotte ($150K). Together the top 2 received $253K.
Grant Size Distribution
3 grants across all recorded years
The most common grant size was in the $100–250K range: 2 grants of 3 (67%).
Geographic Focus
Where this funder awards grants
Grant Distribution by State
Share of 2021 grant dollars across all 2 itemized grants.
States
Cities
How McColl Foundation gives
- In 2021 it paid out well above its IRS minimum distribution (the 5% rule). 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 2020 to 2021, annual grant giving ranged from $50K (2020) to $253K (2021). In 2021 it made 2 grants totaling $253K.
Grants by year
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| Teaching Fellows Institute of Charlotte Charlotte, NC | Charitable | $150,000 |
| International African American Museum Charleston, SC | Charitable | $102,655 |
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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 |
|---|---|---|---|---|---|---|---|---|
| 2021 | — | $104,680 | $257,624 | $252,655 | 2 | $252,655 | — | $11,231 |
| 2020 | $155,072 | $1 | $50,000 | $50,000 | 1 | — | $1 | $13,181 |
Under IRS private-foundation payout rules, McColl Foundation reported a distributable amount of $11K for 2021 — the minimum it must pay out in qualifying distributions.
Leadership & Key People
Officers and directors from IRS filings
McColl Foundation is led by Jane McColl Lockwood, President on every filing since 2020; none of the 4 officers listed in 2021 report compensation.
Officers on the 2021 filing
Jane McColl Lockwood
President
On filings since 2020
No compensation reported
Jane S. McColl
Chairman of Board
On filings since 2020
No compensation reported
Hugh L. McColl III
Vice President
On filings since 2020
No compensation reported
John S. McColl
Treasurer & Secretary
On filings since 2020
No compensation reported
Data from IRS Form 990 filings, 2020–2021. "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 McColl Foundation
How much does McColl Foundation give each year?
McColl Foundation gave $253K across 2 grants in 2021, according to its 2021 IRS Form 990-PF. In 2020 it gave $50K across 1 grant.
Where does McColl Foundation operate?
McColl Foundation has awarded grants in North Carolina, South Carolina.
How much is McColl Foundation required to give away each year?
Private foundations must generally distribute about 5% of their assets annually. For 2021, McColl Foundation reported a distributable amount of $11K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.
What is McColl Foundation's EIN?
McColl Foundation's EIN (Employer Identification Number) is 56-2002906. IRS Form 990 filing data is available on this page for 2020–2021.
Data last updated September 2026. Sourced from IRS Form 990-PF filings.
Data update history
(1)
When this profile's IRS filing data changed on Grantable
- IRS filings on file for fiscal years 2020–2021
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Figures come from McColl 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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