McHenry Foundation Inc
McHenry Foundation Inc is a private foundation, based in Tryon, NC. IRS filing data is available from 2021 through 2025. As of 2025, the organization holds $146K in total assets. In 2025, it awarded 3 grants totaling $67K. Net investment income was $35K.
McHenry Foundation Inc at a glance
In short: McHenry Foundation Inc gave $67K across 3 grants in 2025 (avg $22K), mostly in North Carolina. Source: 2025 IRS Form 990-PF.
- Annual giving (2025)
- $67,000
- +6.3% vs 2024
- Grants made (2025)
- 3
- +0.0% vs 2024
- Average grant
- $22,333
- +6.3% vs 2024
- Median grant
- $22,000
- Total assets
- $146,176
- +7.0% vs 2024
- Primary geography
- North Carolina (66% of itemized 2025 grant dollars)
- Latest 990 filing
- Form 990-PF, 2025 View filing
Data from IRS Form 990-PF, 2025; updated September 2026.
Who McHenry Foundation Inc funds
How this funder distributes its grants
Top Recipients
Top 3 recipients in 2025
The largest 2025 recipient was American Friends Service Committee ($23K). Together the top 3 received $67K.
Grant Size Distribution
15 grants across all recorded years
The most common grant size was under $50K: 15 grants of 15 (100%).
Geographic Focus
Where this funder awards grants
Grant Distribution by State
Share of 2025 grant dollars across all 3 itemized grants.
States
Cities
How McHenry Foundation Inc gives
- Giving fell 23% from 2022 to 2025. Method
- In 2025 it paid out 75% 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.
Giving History
Giving Over Time
Total grant dollars and number of grants per year
From 2021 to 2025, annual grant giving ranged from $63K (2024) to $88K (2021). In 2025 it made 3 grants totaling $67K.
Grants by year
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| American Friends Service Committee Philadelphia, PA | General Support | $23,000 |
| Nourish up Charlotte, NC | General Support | $22,000 |
| The Salvation Army Charlotte, NC | General Support | $22,000 |
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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 |
|---|---|---|---|---|---|---|---|---|
| 2025 | $146,176 | $83,875 | $74,266 | $67,000 | 3 | $69,541 | $35,150 | $92,674 |
| 2024 | $136,567 | $69,089 | $69,107 | $63,000 | 3 | $65,006 | $50,898 | $67,721 |
| 2023 | $136,585 | $83,693 | $82,768 | $78,000 | 3 | $79,337 | $67,204 | $62,284 |
| 2022 | $135,660 | $170,673 | $89,091 | $87,000 | 3 | $87,000 | $66,544 | $77,874 |
| 2021 | $54,078 | $88,871 | $89,139 | $88,000 | 3 | — | $62,352 | $86,872 |
Under IRS private-foundation payout rules, McHenry Foundation Inc reported a distributable amount of $93K for 2025 — the minimum it must pay out in qualifying distributions.
Leadership & Key People
Officers and directors from IRS filings
McHenry Foundation Inc is led by Richard I. McHenry, Director, President & Treasurer on every filing since 2021; none of the 2 officers listed in 2025 report compensation.
Officers on the 2025 filing
Richard I. McHenry
Director, President & Treasurer
On filings since 2021
No compensation reported
Marilyn Joyce McHenry
Director, Vice President & Secretary
On filings since 2021
No compensation reported
Data from IRS Form 990 filings, 2021–2025. "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 McHenry Foundation Inc
How much does McHenry Foundation Inc give each year?
McHenry Foundation Inc gave $67K across 3 grants in 2025, according to its 2025 IRS Form 990-PF. In 2024 it gave $63K across 3 grants.
What is McHenry Foundation Inc's typical grant size?
McHenry Foundation Inc's median grant in 2025 was $22,000, and its average grant was $22,333, across 3 grants on its 2025 IRS Form 990-PF.
Where does McHenry Foundation Inc give grants?
McHenry Foundation Inc gives mostly in North Carolina: 66% of the grant dollars itemized on its 2025 IRS Form 990-PF went to recipients there. The next largest state was Pennsylvania (34%). The most frequent recipient cities were Charlotte, NC (2 grants).
Does McHenry Foundation Inc give general operating support?
Yes: 100% of McHenry Foundation Inc's 2025 grants with a stated purpose (3 of 3) were for general or operating support, per its 2025 IRS Form 990-PF.
How large is McHenry Foundation Inc?
McHenry Foundation Inc reported $146K in total assets on its 2025 IRS Form 990-PF. It paid out $70K in qualifying distributions that year, against a required minimum of $93K (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.
What is McHenry Foundation Inc's EIN?
McHenry Foundation Inc's EIN (Employer Identification Number) is 56-0790399. IRS Form 990 filing data is available on this page for 2021–2025.
Data last updated September 2026. Sourced from IRS Form 990-PF filings.
Data update history
(6)
When this profile's IRS filing data changed on Grantable
- Updated Form 990-PF for fiscal year 2021 (received by the IRS October 11, 2023)
- Updated Form 990-PF for fiscal year 2022 (received by the IRS October 11, 2023)
- Updated Form 990-PF for fiscal year 2023 (received by the IRS April 12, 2024)
- Updated Form 990-PF for fiscal year 2024 (received by the IRS October 15, 2025)
- Added Form 990-PF for fiscal year 2025 (received by the IRS April 29, 2026)
- IRS filings on file for fiscal years 2021–2024
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