Mcdermott Private Foundation Trust
Mcdermott Private Foundation Trust is a private foundation, based in NORTH PALM BEACH, FL. IRS filing data is available from 2021 through 2024. As of 2024, the organization holds $275K in total assets. In 2024, it awarded 3 grants totaling $6K.
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$275K
-6.9% YoY
Annual Giving
$6K
-44.6% YoY
Grant Count
3
-25.0% YoY
Avg Grant Size
$2K
-26.2% YoY
Under IRS private-foundation payout rules, Mcdermott Private Foundation Trust reported a distributable amount of $16K for 2024 — the minimum it must pay out in qualifying distributions.
About Mcdermott Private Foundation Trust
Based on IRS filings
Mcdermott Private Foundation Trust is a private foundation, based in NORTH PALM BEACH, FL. IRS filing data is available from 2021 through 2024. As of 2024, the organization holds $275K in total assets. In 2024, it awarded 3 grants totaling $6K.
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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 | $274,874 | $295,283 | $328,190 |
| Revenue | $10,602 | $5,552 | $32,630 |
| Expenses | $31,011 | $38,459 | $31,202 |
| Qualifying Distributions | $12,575 | $18,313 | $12,500 |
| Net Investment Income | — | — | $17,011 |
| Distributable Amount | $15,860 | $15,472 | $17,532 |
Giving Over Time
Total grant dollars and number of grants per year
Grant Insights
How this funder distributes its grants
Top Recipients
Top 3 recipients in 2024
Grant Size Distribution
15 grants across all recorded years
Giving History
Grant recipients and amounts by year
Among its reported 2024 grants, the largest include St Catherine University ($2,000), Convent of Visitation ($2,000), St Clare's School ($2,000).
| Recipient | Purpose | Amount |
|---|---|---|
| ST CATHERINE UNIVERSITY ST PAUL, MN | SUPPORT FOR GENERAL EDUCATIONAL PURPOSES | $2,000 |
| CONVENT OF VISITATION MENDOTA HEIGHTS, MN | RELIGIOUS DONATION | $2,000 |
| ST CLARE'S SCHOOL NORTH PALM BEACH, FL | EDUCATIONAL | $2,000 |
Leadership & Key People
Officers and directors from IRS filings
Compensation Overview
From 2024 IRS filing
From 2024 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| JOSEPH M FLEMING | Trustee | 2 | $3,000 |
Frequently Asked Questions
How large is Mcdermott Private Foundation Trust?
As of 2024, Mcdermott Private Foundation Trust holds $275K in total assets with $11K in annual revenue. It awarded 3 grants totaling $6K in 2024.
Where does Mcdermott Private Foundation Trust operate?
Mcdermott Private Foundation Trust has awarded grants in Florida, Minnesota, New York.
What size grants does Mcdermott Private Foundation Trust award?
In 2024, Mcdermott Private Foundation Trust awarded 3 grants totaling $6K — an average of about $2K per grant, based on its IRS Form 990 filings.
How much is Mcdermott Private Foundation Trust required to give away each year?
Private foundations must generally distribute about 5% of their assets annually. For 2024, Mcdermott Private Foundation Trust reported a distributable amount of $16K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.
What is Mcdermott Private Foundation Trust's EIN?
Mcdermott Private Foundation Trust's EIN (Employer Identification Number) is 65-6062921. IRS Form 990 filing data is available on this page for 2021–2024.
Explore Open Grants
Browse active grant opportunities in Mcdermott Private Foundation Trust'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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