The McCune Family Foundation Under Agreement is a private foundation based in Chicago, Illinois, established in 2008. Operating as a 501(c)(3) organization with EIN 26-1595257, the foundation operates with a single employee and maintains assets of approximately $37-40 million.
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$38.3M
+3.3% YoY
Annual Giving
$1.7M
-3.0% YoY
Grant Count
26
-3.7% YoY
Avg Grant Size
$65K
+0.7% YoY
Mission & Focus Areas
The McCune Foundation was created to continue the philanthropic legacy of Frank and Mae McCune. The foundation's missions are to:
- Support programs that further oceanographic research
- Rehabilitate troubled or "at risk" youth
- Assist the visually impaired and disabled
The foundation does not accept unsolicited grant proposals.
Grantmaking
The foundation made 32-27 grants in its most recent fiscal year, with total distributions of approximately $1.7-2.4 million.
Grant Range
s
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Geographic Focus
Where this funder awards grants
The foundation primarily funds organizations in Florida, Georgia, and Washington.
Grant Distribution by State
Cities
Financial History
Multi-year comparison from IRS filings
As of Fiscal Year 2023:
- Total Assets: $37,080,321
- Total Revenues: $610,769
- Total Expenses: $2,080,335
- Investment Income and Dividends: $1,169,115
- Total Grants, Contributions: $0 (down from $56,023 in 2022)
| Metric | 2024 | 2023 | 2022 |
|---|---|---|---|
| Total Assets | $38,307,747 | $37,080,321 | $38,525,316 |
| Revenue | $2,277,217 | $610,769 | $1,333,903 |
| Expenses | $1,987,865 | $2,080,335 | $2,172,998 |
| Qualifying Distributions | $1,888,622 | $1,924,431 | $2,020,705 |
| Net Investment Income | $2,132,293 | $1,262,556 | $1,449,059 |
| Distributable Amount | $1,960,264 | $1,871,970 | $1,932,527 |
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
137 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
Northern Trust Company serves as trustee, with compensation of $227,000 reported.
Compensation Overview
From 2024 IRS filing
From 2024 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| NORTHERN TRUST COMPANY | TRUSTEE | 40 | $238,152 |
Contact Information
Mailing Address: PO Box 803878 Chicago, IL 60680
Phone: 312-630-6000
Subject Areas
Focus areas based on grantmaking activity
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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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