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
Under IRS private-foundation payout rules, Mccune Family Foundation Under Agreement reported a distributable amount of $2.0M for 2024 — the minimum it must pay out in qualifying distributions.
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
Ready to take the next step with Mccune Family Foundation Under Agreement?
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
Among its reported 2024 grants, the largest include Florida Sheriffs Youth Ranches Inc ($200,000), Create Your Dreams Inc ($100,000), Academy Prep Center of ($100,000).
| Recipient | Purpose | Amount |
|---|---|---|
| MOTE MARINE LABORATORY SARASOTA, FL | GENERAL SUPPORT | $75,000 |
| FLORIDA SHERIFFS YOUTH RANCHES INC Boys Ranch, FL | THE COST OF ROOF | $200,000 |
| WOODSHOLE OCEANOGRAPHIC WOODS HOLE, MA | GENERAL SUPPORT | $25,000 |
| CREATE YOUR DREAMS INC ATLANTA, GA | GENERAL SUPPORT | $100,000 |
| CHILD PROTECTION CENTER INC SARASOTA, FL | GENERAL SUPPORT | $90,000 |
| MANATEE YOUTH FOR CHRIST BRADENTON, FL | GENERAL SUPPORT | $70,000 |
| TEEN COURT OF SARASOTA SARASOTA, FL | GENERAL SUPPORT | $75,000 |
| PET PARTNERS BELLEVUE, WA | GENERAL SUPPORT | $20,000 |
| FLORIDA CENTER FOR EARLY SARASOTA, FL | GENERAL SUPPORT | $75,000 |
| TAKE STOCK IN CHILDREN SARASOTA, FL | GENERAL SUPPORT | $75,000 |
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
Frequently Asked Questions
What does Mccune Family Foundation Under Agreement fund?
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.
How do I apply for a grant from Mccune Family Foundation Under Agreement?
The foundation made 32-27 grants in its most recent fiscal year, with total distributions of approximately $1.7-2.4 million. Typical awards range from $10,000 to $261,000, with a median grant size of approximately $50,000. Notable recent grants include: • Florida Sheriffs Youth Ranches: $243,104 (for roof costs) • Academy Prep Center of Tampa: $100,000 (general support) The foundation has also supported organizations focused on oceanographic research, youth development, and services for individ…
Where does Mccune Family Foundation Under Agreement make grants?
The foundation primarily funds organizations in Florida, Georgia, and Washington.
What size grants does Mccune Family Foundation Under Agreement award?
In 2024, Mccune Family Foundation Under Agreement awarded 26 grants totaling $1.7M — an average of about $65K per grant, based on its IRS Form 990 filings.
How much is Mccune Family Foundation Under Agreement required to give away each year?
Private foundations must generally distribute about 5% of their assets annually. For 2024, Mccune Family Foundation Under Agreement reported a distributable amount of $2.0M on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.
What is Mccune Family Foundation Under Agreement's EIN?
Mccune Family Foundation Under Agreement's EIN (Employer Identification Number) is 26-1595257. IRS Form 990 filing data is available on this page for 2020–2024.
Explore Open Grants
Browse active grant opportunities in Mccune Family Foundation Under Agreement's focus areas in our free grants database
Related Funders
Similar funders by location and focus area
Green and Blue Foundation
CHICAGO, IL
Assets
—
Grants
3
Total Given
$51K
Above and Beyond Daycare Center
FAIRVIEW HEIGHTS, IL
Assets
—
Grants
0
Total Given
—
Primo Center for Women & Children
CHICAGO, IL
Assets
$9.7M
Grants
1
Total Given
$35K
RHS Foundation
MOLINE, IL
Assets
$1.1M
Grants
37
Total Given
$342K
Rose Lafferty Educational Fund Xxxxx9006
CHICAGO, IL
Assets
$3.4M
Grants
1
Total Given
$228K
The John Crerar Foundation
CHICAGO, IL
Assets
$991K
Grants
1
Total Given
$35K
Data last updated June 2026. Sourced from IRS Form 990-PF filings. Research dossier generated April 2026.
What could you do with Mccune Family Foundation Under Agreement on Grantable?
- Assess strategic fit with your organization
- Draft a tailored letter of inquiry
- Find open RFPs from this funder
- Monitor for new funding opportunities
Go from researching Mccune Family Foundation Under Agreement to a real strategy.