McCrane Foundation Inc
McCrane Foundation Inc is a private foundation, based in Pennington, NJ. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $189K in total assets. In 2024, it awarded 6 grants totaling $400K. Net investment income was $83K.
McCrane Foundation Inc at a glance
In short: McCrane Foundation Inc gave $400K across 6 grants in 2024 (avg $67K), mostly in New Jersey. Source: 2024 IRS Form 990-PF.
- Annual giving (2024)
- $400,000
- +166.7% vs 2023
- Grants made (2024)
- 6
- +20.0% vs 2023
- Average grant
- $66,667
- +122.2% vs 2023
- Median grant
- $25,000
- Total assets
- $188,752
- -62.9% vs 2023
- Primary geography
- New Jersey (81% of itemized 2024 grant dollars)
- Latest 990 filing
- Form 990-PF, 2024 View filing
Data from IRS Form 990-PF, 2024; updated September 2026.
Who McCrane Foundation Inc funds
How this funder distributes its grants
Top Recipients
Top 6 recipients in 2024
The largest 2024 recipient was New Jersey Symphony Orchestra ($250K). Together the top 6 received $400K.
Grant Size Distribution
35 grants across all recorded years
The most common grant size was under $50K: 25 grants of 35 (71%).
Geographic Focus
Where this funder awards grants
Grant Distribution by State
Share of 2024 grant dollars across all 6 itemized grants.
Cities
How McCrane Foundation Inc gives
- Giving held roughly steady from 2021 to 2024 (−10%). Method
- In 2024 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 2024, annual grant giving ranged from $150K (2023) to $443K (2021). In 2024 it made 6 grants totaling $400K.
Grants by year
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| New Jersey Symphony Orchestra Newark, NJ | Unrestricted General | $250,000 |
| University of Pennsylvania Philadelphia, PA | Unrestricted General | $75,000 |
| Count Basie Theatre Inc Red Bank, NJ | Unrestricted General | $25,000 |
| New Jersey Performing Arts Center Newark, NJ | Unrestricted General | $25,000 |
| Monmouth County SPCA Eatontown, NJ | Unrestricted General | $20,000 |
| Mylestone Equine Rescue Phillipsburg, NJ | Unrestricted General | $5,000 |
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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 |
|---|---|---|---|---|---|---|---|---|
| 2024 | $188,752 | $85,334 | $405,384 | $400,000 | 6 | $402,630 | $82,931 | $16,842 |
| 2023 | $508,135 | $40,289 | $157,240 | $150,000 | 5 | $153,501 | $35,737 | $28,338 |
| 2022 | $625,436 | $50,397 | $190,869 | $177,500 | 5 | $183,046 | $45,436 | $36,923 |
| 2021 | $766,768 | $155,471 | $457,056 | $442,500 | 8 | $449,055 | $148,800 | $48,903 |
| 2020 | $1,072,486 | $101,857 | $367,181 | $347,500 | 11 | — | $91,645 | $61,744 |
Under IRS private-foundation payout rules, McCrane Foundation Inc reported a distributable amount of $17K for 2024 — the minimum it must pay out in qualifying distributions.
Leadership & Key People
Officers and directors from IRS filings
McCrane Foundation Inc is led by Margrit McCrane, Trustee on every filing since 2020 — the only officer listed, and uncompensated.
Officers on the 2024 filing
Margrit McCrane
Trustee
On filings since 2020
1 hr/week
No compensation reported
Data from IRS Form 990 filings, 2020–2024. "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 McCrane Foundation Inc
How much does McCrane Foundation Inc give each year?
McCrane Foundation Inc gave $400K across 6 grants in 2024, according to its 2024 IRS Form 990-PF. In 2023 it gave $150K across 5 grants.
What is McCrane Foundation Inc's typical grant size?
McCrane Foundation Inc's median grant in 2024 was $25,000, and its average grant was $66,667, across 6 grants on its 2024 IRS Form 990-PF.
Where does McCrane Foundation Inc give grants?
McCrane Foundation Inc gives mostly in New Jersey: 81% of the grant dollars itemized on its 2024 IRS Form 990-PF went to recipients there. The next largest state was Pennsylvania (19%). The most frequent recipient cities were Newark, NJ (2 grants).
Does McCrane Foundation Inc give general operating support?
Yes: 100% of McCrane Foundation Inc's 2024 grants with a stated purpose (6 of 6) were for general or operating support, per its 2024 IRS Form 990-PF.
Who are McCrane Foundation Inc's largest grantees?
McCrane Foundation Inc's largest 2024 grantees include New Jersey Symphony Orchestra ($250,000), University of Pennsylvania ($75,000) and Count Basie Theatre Inc ($25,000), according to its 2024 IRS Form 990-PF. Together they received 88% of its itemized 2024 grant dollars.
How large is McCrane Foundation Inc?
McCrane Foundation Inc reported $189K in total assets on its 2024 IRS Form 990-PF. It paid out $403K in qualifying distributions that year, against a required minimum of $17K (roughly 5% of its investment assets).
What is McCrane Foundation Inc's EIN?
McCrane Foundation Inc's EIN (Employer Identification Number) is 22-3170915. IRS Form 990 filing data is available on this page for 2020–2024.
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 2020–2024
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