Mccune Foundation Pnc Bank Na
McCune Foundation is a private grantmaking foundation located in Pittsburgh, Pennsylvania. Established in 1980, the organization operates as a 501(c)(3) charitable foundation dedicated to philanthropic giving and community support.
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$116.1M
-18.3% YoY
Annual Giving
$47.6M
+11.3% YoY
Grant Count
84
+10.5% YoY
Avg Grant Size
$566K
+0.7% YoY
Under IRS private-foundation payout rules, Mccune Foundation Pnc Bank Na reported a distributable amount of $9.4M for 2024 — the minimum it must pay out in qualifying distributions.
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Geographic Focus
Where this funder awards grants
Grant Distribution by State
Cities
Financial History
Multi-year comparison from IRS filings
As of September 2023:
- Total Assets: $142.1 million
- Investments: $133.8 million
- Annual Revenue: $21.2 million
The foundation has experienced a significant decline in revenue over the past four years, with an average annual decrease of 10.3%.
| Metric | 2024 | 2023 | 2022 |
|---|---|---|---|
| Total Assets | $116,142,615 | $142,078,330 | $155,631,880 |
| Revenue | $26,591,832 | $21,180,909 | $19,149,470 |
| Expenses | $50,634,422 | $45,383,370 | $52,970,735 |
| Qualifying Distributions | $49,360,404 | $44,312,826 | $51,672,234 |
| Net Investment Income | $25,587,691 | $20,230,603 | $17,946,115 |
| Distributable Amount | $9,363,316 | $11,031,324 | $13,739,581 |
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
250 grants across all recorded years
Giving History
Grant recipients and amounts by year
Among its reported 2024 grants, the largest include Allegheny Health Network ($9,400,000), Allegheny College ($6,000,000), Squirrel Hill Health Center ($2,500,000).
| Recipient | Purpose | Amount |
|---|---|---|
| PROPEL SCHOOL FOUNDATION PITTSBURGH, PA | GENERAL SUPPORT | $275,000 |
| SQUIRREL HILL HEALTH CENTER PITTSBURGH, PA | GENERAL SUPPORT | $2,500,000 |
| ATTACK THEATRE INC PITTSBURGH, PA | GENERAL SUPPORT | $100,000 |
| CITY OF ASYLUM PITTSBURGH PITTSBURGH, PA | GENERAL SUPPORT | $150,000 |
| VENTURE OUTDOORS PITTSBURGH, PA | GENERAL SUPPORT | $310,000 |
| NEW SUN RISING MILLVALE, PA | GENERAL SUPPORT | $115,000 |
| SUSTAINABLE PITTSBURGH PITTSBURGH, PA | GENERAL SUPPORT | $25,000 |
| WOMEN'S CENTER & SHELTER OF PITTSBURGH PITTSBURGH, PA | GENERAL SUPPORT | $1,515,000 |
| EAST END COOPERATIVE MINISTRY PITTSBURGH, PA | GENERAL SUPPORT | $25,000 |
| PENNSYLVANIA RESOURCES COUNCIL INC PITTSBURGH, PA | GENERAL SUPPORT | $25,000 |
Leadership & Key People
Officers and directors from IRS filings
Compensation Overview
From 2024 IRS filing
From 2024 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| PNC BANK NA | TRUSTEE | 1 | $490,504 |
Recent News & Activity
Recent developments and announcements
The foundation has been active in supporting community initiatives, particularly in Pittsburgh. Recent grant activity includes:
PNC Foundation Announces $10.2 Million in Grants to Mark 20th Anniversary\**$2 Million Grant for Snow Removal Equipment:** Contributed funding to the City of Pittsburgh for new snow removal equipment
PNC FOUNDATION CONTRIBUTES $2M FOR NEW SNOW REMOVAL EQUIPMENT TO CITY OF**PNC Grow Up Great Program:** Participated in the 20th anniversary of the PNC Grow Up Great initiative, which announced $10.2 million in grants
GCC Accepts PNC \u2018Grow Up Great\u2019 Grant**Educational Support:** Provided grants to educational institutions, including Grove City College through the PNC Grow Up Great program
**Baltimore Community Support:** Committed $600,000 to The Center for Urban Families and Coppin State University in Baltimore
PNC Foundation Commits $600,000 To The Center For Urban Families and Coppin\Frequently Asked Questions
What size grants does Mccune Foundation Pnc Bank Na award?
In 2024, Mccune Foundation Pnc Bank Na awarded 84 grants totaling $47.6M — an average of about $566K per grant, based on its IRS Form 990 filings.
How much is Mccune Foundation Pnc Bank Na required to give away each year?
Private foundations must generally distribute about 5% of their assets annually. For 2024, Mccune Foundation Pnc Bank Na reported a distributable amount of $9.4M on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.
What is Mccune Foundation Pnc Bank Na's EIN?
Mccune Foundation Pnc Bank Na's EIN (Employer Identification Number) is 25-6210269. IRS Form 990 filing data is available on this page for 2020–2024.
Explore Open Grants
Browse active grant opportunities in Mccune Foundation Pnc Bank Na's focus areas in our free grants database
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Data last updated June 2026. Sourced from IRS Form 990-PF filings. Research dossier generated April 2026.
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