Mcdermott Family Foundation is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in DENVER, CO. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $848K in total assets. In 2024, it awarded 16 grants totaling $141K. Net investment income was $104K.
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$848K
-0.8% YoY
Annual Giving
$141K
+14.2% YoY
Grant Count
16
-5.9% YoY
Avg Grant Size
$9K
+21.4% YoY
Under IRS private-foundation payout rules, Mcdermott Family Foundation reported a distributable amount of $53K for 2024 — the minimum it must pay out in qualifying distributions.
About Mcdermott Family Foundation
Based on IRS filings
Mcdermott Family Foundation is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in DENVER, CO. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $848K in total assets. In 2024, it awarded 16 grants totaling $141K. Net investment income was $104K.
Focus Areas
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Geographic Focus
Where this funder awards grants
Grant Distribution by State
Cities
Financial History
Multi-year comparison from IRS filings
| Metric | 2024 | 2023 | 2022 |
|---|---|---|---|
| Total Assets | $847,600 | $854,038 | $957,204 |
| Revenue | $161,075 | $23,045 | $14,468 |
| Expenses | $150,371 | $132,698 | $107,621 |
| Qualifying Distributions | $142,775 | $125,270 | $97,375 |
| Net Investment Income | $103,592 | $18,707 | $11,244 |
| Distributable Amount | $53,120 | $48,953 | $53,258 |
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
77 grants across all recorded years
Giving History
Grant recipients and amounts by year
Among its reported 2024 grants, the largest include High Line Canal Conservancy ($60,000), Ace Scholarships ($44,000), University of Colorado Foundation ($15,000).
| Recipient | Purpose | Amount |
|---|---|---|
| ACE SCHOLARSHIPS GREENWOOD VILLAGE, CO | GENERAL SUPPORT | $44,000 |
| ANCIENT ARCHIVES GOLDEN, CO | GENERAL SUPPORT | $2,500 |
| CENTRAL CITY OPERA HOUSE ASSOCIATION (CCO) WHEAT RIDGE, CO | GENERAL SUPPORT | $1,000 |
| CLOTHES FOR KIDS OF DENVER DENVER, CO | GENERAL SUPPORT | $1,000 |
| COLORADO SYMPHONY DENVER, CO | GENERAL SUPPORT | $1,000 |
| DENVER ART MUSEUM DENVER, CO | GENERAL SUPPORT | $5,000 |
| FOOD BANK OF THE ROCKIES DENVER, CO | GENERAL SUPPORT | $1,000 |
| GRALAND COUNTRY DAY SCHOOL DENVER, CO | GENERAL SUPPORT | $1,000 |
| HABITAT FOR HUMANITY OF METRO DENVER DENVER, CO | GENERAL SUPPORT | $1,000 |
| HEALING WATERS INTERNATIONAL DENVER, CO | GENERAL SUPPORT | $500 |
Leadership & Key People
Officers and directors from IRS filings
Compensation Overview
From 2024 IRS filing
From 2024 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| CAROL MCDERMOTT | PRESIDENT & SECRETARY | 1.5 | — |
| DIRK W MCDERMOTT | VICE-PRESIDENT & TREASURER | 1.5 | — |
Subject Areas
Focus areas based on grantmaking activity
Frequently Asked Questions
What is Mcdermott Family Foundation?
Mcdermott Family Foundation is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in DENVER, CO. It holds $848K in total assets as of 2024.
How large is Mcdermott Family Foundation?
As of 2024, Mcdermott Family Foundation holds $848K in total assets with $161K in annual revenue. It awarded 16 grants totaling $141K in 2024.
Where does Mcdermott Family Foundation operate?
Mcdermott Family Foundation has awarded grants in California, Colorado, Georgia, Maine, New Mexico, Pennsylvania.
What size grants does Mcdermott Family Foundation award?
In 2024, Mcdermott Family Foundation awarded 16 grants totaling $141K — an average of about $9K per grant, based on its IRS Form 990 filings.
How much is Mcdermott Family Foundation required to give away each year?
Private foundations must generally distribute about 5% of their assets annually. For 2024, Mcdermott Family Foundation reported a distributable amount of $53K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.
What is Mcdermott Family Foundation's EIN?
Mcdermott Family Foundation's EIN (Employer Identification Number) is 46-4129263. IRS Form 990 filing data is available on this page for 2020–2024.
Explore Open Grants
Browse active grant opportunities in Mcdermott Family Foundation's focus areas in our free grants database
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Data last updated April 2026. Sourced from IRS Form 990-PF filings.
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