McDermott Family Foundation

Private foundation · Grantmaker Wilmington, DE EIN: 99-3684360

McDermott Family Foundation is a private foundation, based in Wilmington, DE. IRS filing data is available from 2024 through 2025. As of 2025, the organization holds $1.1M in total assets. In 2025, it awarded 2 grants totaling $25K. Net investment income was $364K.

Key facts about McDermott Family Foundation

In short: McDermott Family Foundation gave $25K across 2 grants in 2025 (avg $13K), mostly in Massachusetts. Source: 2025 IRS Form 990-PF.

EIN
99-3684360
Latest 990 filing
Form 990-PF, 2025
Annual giving (2025)
$25,000
Grants made (2025)
2
Average grant
$12,500
Median grant
$12,500
Total assets
$1,112,323
Primary geography
Massachusetts (80% of itemized 2025 grant dollars)

Data from IRS Form 990-PF, 2025; updated September 2026.

Financial Overview

From 2025 IRS Form 990-PF · View filing

Total Assets

$1.1M

+125.7% YoY

Annual Giving

$25K

+19.0% YoY

Grant Count

2

+0.0% YoY

Avg Grant Size

$13K

+19.0% YoY

Under IRS private-foundation payout rules, McDermott Family Foundation reported a distributable amount of $50K for 2025 — the minimum it must pay out in qualifying distributions.

How McDermott Family Foundation gives

  • In 2025 it paid out 72% of its IRS minimum distribution (the 5% rule). Foundations have until the end of the next year to meet it. Method

From the foundation's IRS Form 990-PF filings. Methodology.

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Geographic Focus

Where this funder awards grants

Grant Distribution by State

3states

Share of 2025 grant dollars across all 2 itemized grants.

Cities

BostonLake ViewWyndmoor

Giving Over Time

Total grant dollars and number of grants per year

$0$10K$20K$30K2 grants2024 2 grants2025

From 2024 to 2025, annual grant giving ranged from $21K (2024) to $25K (2025). In 2025 it made 2 grants totaling $25K.

Grant Insights

How this funder distributes its grants

Top Recipients

Top 2 recipients in 2025

Fanthem Foundation Inc: $20KFanthem Foundation Inc$20KLa Salle College High School: $5KLa Salle College High School$5K

The largest 2025 recipient was Fanthem Foundation Inc ($20K). Together the top 2 received $25K.

Grant Size Distribution

4 grants across all recorded years

4<$50K$50–100K$100–250K$250–500K$500K–1M$1–5M$5M+

The most common grant size was under $50K: 4 grants of 4 (100%).

Giving History

Grant recipients and amounts by year

RecipientPurposeAmount
Fanthem Foundation Inc Boston, MAGeneral & Unrestricted$20,000
La Salle College High School Wyndmoor, PARichard J. & Avis N. McDermott Scholarship fund$5,000

Financial History

Multi-year comparison from IRS filings

Revenue
Expenses
Qualifying Distributions
Net Investment Income
$0$200K$400K$600K$800K2024 2025
Metric20252024
Total Assets$1,112,323$492,914
Revenue$668,288$525,098
Expenses$48,879$32,184
Qualifying Distributions$35,864$31,380
Net Investment Income$364,186$274,294
Distributable Amount$50,087$3,371

Data update history

When this profile's IRS filing data changed on Grantable

  1. Updated Form 990-PF for fiscal year 2024 (received by the IRS May 13, 2025)
  2. Added Form 990-PF for fiscal year 2025 (received by the IRS May 8, 2026)
  3. IRS filings on file for fiscal year 2024

Leadership & Key People

Officers and directors from IRS filings

McDermott Family Foundation is led by Jamie A McDermott, Director, President, Secretary & Treasurer on every filing since 2024; none of the 2 officers listed in 2025 report compensation.

Officers on the 2025 filing

  • Jamie A McDermott

    Director, President, Secretary & Treasurer

    On filings since 2024

    1 hr/week

    No compensation reported

  • Sean M McDermott

    Director

    On filings since 2024

    1 hr/week

    No compensation reported

Data from IRS Form 990 filings, 2024–2025. "On filings since" is the earliest filing we hold that lists the person; hours are average hours per week as reported.

Frequently asked questions about McDermott Family Foundation

How much does McDermott Family Foundation give each year?

McDermott Family Foundation gave $25K across 2 grants in 2025, according to its 2025 IRS Form 990-PF. In 2024 it gave $21K across 2 grants.

How large is McDermott Family Foundation?

McDermott Family Foundation reported $1.1M in total assets on its 2025 IRS Form 990-PF. It paid out $36K in qualifying distributions that year, against a required minimum of $50K (roughly 5% of its investment assets). Falling short in one year is not a violation: foundations have until the end of the next year to meet the minimum.

Where does McDermott Family Foundation operate?

McDermott Family Foundation has awarded grants in Massachusetts, New York, Pennsylvania.

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 2024–2025.

Data last updated September 2026. Sourced from IRS Form 990-PF filings.

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