McGehee Family Foundation
McGehee Family Foundation is a private foundation, based in Memphis, TN. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $10.6M in total assets. In 2024, it awarded 1 grant totaling $10K. Net investment income was $98K.
McGehee Family Foundation at a glance
In short: McGehee Family Foundation gave $10K across 1 grant in 2024 (avg $10K), mostly in Tennessee. Source: 2024 IRS Form 990-PF.
- Annual giving (2024)
- $10,000
- -80.6% vs 2023
- Grants made (2024)
- 1
- -66.7% vs 2023
- Average grant
- $10,000
- -41.7% vs 2023
- Median grant
- $10,000
- Total assets
- $10,643,491
- +45.5% vs 2023
- Primary geography
- Tennessee (100% of itemized 2024 grant dollars)
- Latest 990 filing
- Form 990-PF, 2024 View filing
Data from IRS Form 990-PF, 2024; updated September 2026.
Who McGehee Family Foundation funds
How this funder distributes its grants
Top Recipients
Top recipient in 2024
The largest 2024 recipient was Boys & Girls Club of Greater Memphis ($10K).
Grant Size Distribution
12 grants across all recorded years
The most common grant size was under $50K: 12 grants of 12 (100%).
Geographic Focus
Where this funder awards grants
Grant Distribution by State
Share of the 2024 grant dollars on its one itemized grant.
States
Cities
How McGehee Family Foundation gives
- Giving fell 76% from 2021 to 2024. Method
- In 2023 it paid out 344% of its IRS minimum distribution (the 5% rule). Method
From the foundation's IRS Form 990-PF filings. Methodology.
Giving History
Giving Over Time
Total grant dollars and number of grants per year
From 2020 to 2024, annual grant giving ranged from $10K (2024) to $52K (2023). In 2024 it made 1 grant totaling $10K.
Grants by year
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| Boys & Girls Club of Greater Memphis Memphis, TN | Unrestricted contribution for the furtherance of the qualified charity's mission | $10,000 |
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Financial History
Multi-year comparison from IRS filings
| Filing year | Total Assets | Revenue | Expenses | Grants paid | Grants | Qualifying Distributions | Net Investment Income | Distributable Amount |
|---|---|---|---|---|---|---|---|---|
| 2024 | $10,643,491 | $14,323,358 | $233,906 | $10,000 | 1 | $10,000 | $98,270 | — |
| 2023 | $7,315,022 | — | $267,671 | $51,500 | 3 | $51,500 | — | $14,970 |
| 2022 | $6,492,693 | $820,000 | $195,963 | $41,500 | 2 | $41,500 | — | $14,366 |
| 2021 | $5,868,656 | $807,165 | $182,139 | $41,500 | 2 | $41,500 | $146,165 | $9,923 |
| 2020 | $5,243,630 | $580,000 | $199,715 | $51,500 | 4 | — | — | $12,606 |
Leadership & Key People
Officers and directors from IRS filings
McGehee Family Foundation is led by Suzanne McGehee, CEO on every filing since 2022; none of the 5 officers listed in 2024 report compensation.
Officers on the 2024 filing
Suzanne McGehee
CEO
On filings since 2022
20 hrs/week
$75K (2023) → $0 (2024)
James E. McGehee III
President & Director
On filings since 2020
1 hr/week
No compensation reported
Andrew P. McGehee
Vice President & Director
On filings since 2020
1 hr/week
No compensation reported
J. Clifton Paessler
Secretary & Director
On filings since 2020
1 hr/week
No compensation reported
Stuart C. McGehee
Treasurer & Director
On filings since 2020
1 hr/week
No compensation reported
Former officers (1)
- Former: James E. McGehee Jr. (2020–2023) — Director
Data from IRS Form 990 filings, 2020–2024. "On filings since" is the earliest filing we hold that lists the person; hours are average hours per week as reported.
Compensation Overview
From 2023 IRS filing
The highest reported compensation on the 2023 filing was $75K, to Suzanne McGehee (CEO).
Frequently asked questions about McGehee Family Foundation
How much does McGehee Family Foundation give each year?
McGehee Family Foundation gave $10K across 1 grant in 2024, according to its 2024 IRS Form 990-PF. In 2023 it gave $52K across 3 grants.
How large is McGehee Family Foundation?
McGehee Family Foundation reported $10.6M in total assets on its 2024 IRS Form 990-PF. Its revenue that year was $14.3M.
Where does McGehee Family Foundation operate?
McGehee Family Foundation has awarded grants in Tennessee.
What is McGehee Family Foundation's EIN?
McGehee Family Foundation's EIN (Employer Identification Number) is 62-1801291. IRS Form 990 filing data is available on this page for 2020–2024.
Data last updated September 2026. Sourced from IRS Form 990-PF filings.
Data update history
(1)
When this profile's IRS filing data changed on Grantable
- IRS filings on file for fiscal years 2020–2024
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