Mccoy Family Foundation Inc

NORTH FORT MYERS, FL EIN: 26-1435816

Mccoy Family Foundation Inc is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in NORTH FORT MYERS, FL. IRS filing data is available from 2020 through 2021. In 2021, it awarded 3 grants totaling $897K. Net investment income was $29K.

Financial Overview

From 2021 IRS Form 990-PF · View filing

Total Assets

—

-100.0% YoY

Annual Giving

$897K

+3560.1% YoY

Grant Count

-25.0% YoY

Avg Grant Size

$299K

+4780.2% YoY

Under IRS private-foundation payout rules, Mccoy Family Foundation Inc reported a distributable amount of $39K for 2021 — the minimum it must pay out in qualifying distributions.

About Mccoy Family Foundation Inc

Based on IRS filings

Focus Areas

Philanthropy, Voluntarism & Grantmaking

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Geographic Focus

Where this funder awards grants

Grant Distribution by State

Kentucky $875K (95%)

Ohio $24K (3%)

New Jersey $23K (2%)

States

Kentucky New Jersey Ohio

Cities

Brick TownshipCincinnatiColumbusCovingtonOradell

Financial History

Multi-year comparison from IRS filings

Revenue

Expenses

Qualifying Distributions

Net Investment Income

Metric	2021	2020
Total Assets	—	$878,324
Revenue	$35,488	$2,612
Expenses	$904,527	$36,857
Qualifying Distributions	$897,605	—
Net Investment Income	$28,596	$6,662
Distributable Amount	$39,363	$38,795

Giving Over Time

Total grant dollars and number of grants per year

Grant Insights

How this funder distributes its grants

Top Recipients

Top 3 recipients in 2021

Grant Size Distribution

7 grants across all recorded years

Giving History

Grant recipients and amounts by year

Among its reported 2021 grants, the largest include Horizon Community Funds of Northern Kentucky Corp ($874,730), Childhood Leukemia Foundation ($11,000), Shriner's Hospital for Children ($11,000).

Recipient	Purpose	Amount
CHILDHOOD LEUKEMIA FOUNDATION BRICK TOWNSHIP, NJ	UNRESTRICTED CHARITABLE CONTRIBUTION	$11,000
SHRINER'S HOSPITAL FOR CHILDREN CINCINNATI, OH	UNRESTRICTED CHARITABLE CONTRIBUTION	$11,000
HORIZON COMMUNITY FUNDS OF NORTHERN KENTUCKY CORP COVINGTON, KY	UNRESTRICTED CHARITABLE CONTRIBUTION	$874,730

Leadership & Key People

Officers and directors from IRS filings

Compensation Overview

From 2021 IRS filing

From 2021 filing

Name	Title	Hours	Compensation
FRED G MCCOY	DIRECTOR	1	—
GAYLENE MCCOY	DIRECTOR	1	—

Subject Areas

Focus areas based on grantmaking activity

Philanthropy, Voluntarism & Grantmaking

Frequently Asked Questions

What is Mccoy Family Foundation Inc?

Mccoy Family Foundation Inc is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in NORTH FORT MYERS, FL. It holds — in total assets as of 2021.

Where does Mccoy Family Foundation Inc operate?

Mccoy Family Foundation Inc has awarded grants in Kentucky, New Jersey, Ohio.

What size grants does Mccoy Family Foundation Inc award?

In 2021, Mccoy Family Foundation Inc awarded 3 grants totaling $897K — an average of about $299K per grant, based on its IRS Form 990 filings.

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

Private foundations must generally distribute about 5% of their assets annually. For 2021, Mccoy Family Foundation Inc reported a distributable amount of $39K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.