McDermott Family Foundation
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.
Key facts about McDermott Family Foundation
- EIN
- 46-4129263
- Latest 990 filing
- Form 990-PF, 2024
- Annual giving (2024)
- $140,500
- Grants made (2024)
- 16
- Average grant
- $8,781
- Median grant
- $1,250
- New grantees (estimate)
- 31% first-time grantees (5 of 16, 2024)
- Total assets
- $847,600
- Primary geography
- Colorado (98% of itemized 2024 grant dollars)
Data from IRS Form 990-PF, 2024; updated September 2026. New grantees are estimated by matching recipient names across years (methodology).
Who McDermott Family Foundation funds
By grant dollars, the top recipient states for McDermott Family Foundation's 16 itemized 2024 grants were Colorado (98%). The most frequent recipient cities were Denver, CO (9 grants). 100% of grants with a stated purpose were for general or operating support.
Is McDermott Family Foundation open to new grantees?
31%
first-time grantees, 2024
In 2024, 5 of 16 grantees (31%) were first-time recipients. First grants averaged $1K; repeat grants $12K. How we count
Medians: $1K first-time, $3K repeat.
- 69% of 2024 grantees were also funded in 2023. Method
- Giving grew 117% from 2021 to 2024. Method
- In 2024 it paid out 269% of its IRS minimum distribution (the 5% rule). Method
Estimate from itemized IRS Form 990-PF grant lists (2020–2024). Recipient names are matched across years, so a renamed or misspelled grantee can look new; grants to individuals are left out. Methodology.
Next steps with McDermott Family Foundation
- How to evaluate McDermott Family Foundation as a funder
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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
Share of all 16 itemized 2024 grant dollars.
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 |
Data update history
When this profile's IRS filing data changed on Grantable
- IRS filings on file for fiscal years 2020–2024
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 recipients include High Line Canal Conservancy ($60,000), Ace Scholarships ($44,000), University of Colorado Foundation ($15,000).
| Recipient | Purpose | Amount |
|---|---|---|
| HIGH LINE CANAL CONSERVANCY Centennial, CO | GENERAL SUPPORT | $60,000 |
| ACE SCHOLARSHIPS Greenwood Village, CO | GENERAL SUPPORT | $44,000 |
| UNIVERSITY OF COLORADO FOUNDATION Denver, CO | GENERAL SUPPORT | $15,000 |
| DENVER ART MUSEUM Denver, CO | GENERAL SUPPORT | $5,000 |
| ANCIENT ARCHIVES Golden, CO | GENERAL SUPPORT | $2,500 |
| NIMAN RANCH NEXT GENERATION FOUNDATION Westminster, CO | GENERAL SUPPORT | $2,500 |
| VALPO SURF PROJECT Thomaston, ME | GENERAL SUPPORT | $2,500 |
| WOMEN'S BEAN PROJECT Denver, CO | GENERAL SUPPORT | $1,500 |
| CENTRAL CITY OPERA HOUSE ASSOCIATION (CCO) Wheat Ridge, CO | GENERAL SUPPORT | $1,000 |
| CLOTHES FOR KIDS OF DENVER Denver, CO | GENERAL SUPPORT | $1,000 |
Leadership & Key People
Officers and directors from IRS filings
Compensation Overview
No officer or director reported compensation in the available filings.
From 2024 IRS 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.
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Data last updated September 2026. Sourced from IRS Form 990-PF filings.