McDermott Family Foundation is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in WILMINGTON, DE. IRS filing data is available for 2024. As of 2024, the organization holds $493K in total assets. In 2024, it awarded 2 grants totaling $21K. Net investment income was $274K.
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$493K
Annual Giving
$21K
Grant Count
2
Avg Grant Size
$11K
Under IRS private-foundation payout rules, McDermott Family Foundation reported a distributable amount of $3K 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 WILMINGTON, DE. IRS filing data is available for 2024. As of 2024, the organization holds $493K in total assets. In 2024, it awarded 2 grants totaling $21K. Net investment income was $274K.
Focus Areas
Ready to take the next step with McDermott Family Foundation?
Geographic Focus
Where this funder awards grants
Grant Distribution by State
States
Cities
Financial History
Multi-year comparison from IRS filings
| Metric | 2024 |
|---|---|
| Total Assets | $492,914 |
| Revenue | $525,098 |
| Expenses | $32,184 |
| Qualifying Distributions | $31,380 |
| Net Investment Income | $274,294 |
| Distributable Amount | $3,371 |
Giving Over Time
Total grant dollars and number of grants per year
Grant Insights
How this funder distributes its grants
Top Recipients
Top 2 recipients in 2024
Grant Size Distribution
2 grants across all recorded years
Giving History
Grant recipients and amounts by year
Among its reported 2024 grants, the largest include Fanthem Foundation Inc ($20,000), Buffalo Bills Alumni Foundation Inc ($1,000).
| Recipient | Purpose | Amount |
|---|---|---|
| BUFFALO BILLS ALUMNI FOUNDATION INC LAKE VIEW, NY | Bills Family Flag Challenge | $1,000 |
| FANTHEM FOUNDATION INC BOSTON, MA | General & Unrestricted | $20,000 |
Leadership & Key People
Officers and directors from IRS filings
Compensation Overview
From 2024 IRS filing
From 2024 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| Jamie A McDermott | Dir, Pres, Sec, Treas | 1 | — |
| Sean M McDermott | Dir | 1 | — |
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 WILMINGTON, DE. It holds $493K in total assets as of 2024.
How large is McDermott Family Foundation?
As of 2024, McDermott Family Foundation holds $493K in total assets with $525K in annual revenue. It awarded 2 grants totaling $21K in 2024.
Where does McDermott Family Foundation operate?
McDermott Family Foundation has awarded grants in Massachusetts, New York.
What size grants does McDermott Family Foundation award?
In 2024, McDermott Family Foundation awarded 2 grants totaling $21K — an average of about $11K 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 $3K 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 99-3684360. IRS Form 990 filing data is available on this page for 2024.
Explore Open Grants
Browse active grant opportunities in McDermott Family Foundation's focus areas in our free grants database
Related Funders
Similar funders by location and focus area
Ttee Trustees of Univ of Mass - Art 5
WILMINGTON, DE
Assets
$380K
Grants
1
Total Given
$14K
The Jonsson Foundation
WILMINGTON, DE
Assets
$784K
Grants
3
Total Given
$15K
The Cucci Family Foundation
WILMINGTON, DE
Assets
$579K
Grants
4
Total Given
$45K
Westly Foundation
WILMINGTON, DE
Assets
$4.1M
Grants
55
Total Given
$1.2M
Scott and Jessica McClintock Foundation
WILMINGTON, DE
Assets
$8.9M
Grants
22
Total Given
$392K
The John C Griswold Family Foundation
WILMINGTON, DE
Assets
$13.4M
Grants
68
Total Given
$534K
Data last updated April 2026. Sourced from IRS Form 990-PF filings.
What could you do with McDermott Family Foundation 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 McDermott Family Foundation to a real strategy.