Mckeen Fund
The McKeen Fund is a private foundation based in Palm Beach, Florida, established in 1993. Operating with a small staff of two employees, the foundation focuses on improving the lives of seniors, people with disabilities, and disadvantaged children and families through strategic philanthropic giving.
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$8.6M
-2.3% YoY
Annual Giving
$415K
+1.6% YoY
Grant Count
57
-1.7% YoY
Avg Grant Size
$7K
+3.4% YoY
Under IRS private-foundation payout rules, Mckeen Fund reported a distributable amount of $516K for 2024 — the minimum it must pay out in qualifying distributions.
Mission & Focus Areas
The McKeen Fund upholds the philanthropic philosophy and values of its founder, Mrs. Noreen McKeen, with a focus on supporting Roman Catholic organizations while adapting to the changing needs of the world.
The foundation's primary funding areas include:
- Youth and family services
- Education (elementary, secondary, and early childhood)
- Healthcare
- Senior care
- Disability services
- Youth programs
- Child welfare
- Family services
- Senior services
- Special population support
- Education services
- Theology
Grantmaking
The foundation strongly favors organizations with proven track records. Only 19% of recipients in recent years were new grantees, indicating that new partnerships develop slowly over time.
Grant Range
s:**
Average Grant
$6,900
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Geographic Focus
Where this funder awards grants
The foundation distributes funding across multiple states with a notable concentration in New York, which accounts for 53% of grants. Within New York, funding concentrates in New York City (22%), Brooklyn (14%), and Albertson (7%). Additional funding is distributed across 13 other locations nationwide, including Florida.
Grant Distribution by State
States
Cities
Financial History
Multi-year comparison from IRS filings
As of 2023:
- Total assets: $8,778,261
- Total revenues: $378,350
- Total expenses: $764,876
- Investment income and dividends: $226,642
As of 2022:
- Total assets: $9,717,596
- Investment income and dividends: $117,989
The foundation's funding trajectory shows a 12% decline over a two-year period, which may indicate reduced grant opportunities or shifting foundation priorities.
| Metric | 2024 | 2023 | 2022 |
|---|---|---|---|
| Total Assets | $8,575,949 | $8,778,261 | $9,164,913 |
| Revenue | $582,601 | $378,350 | $148,776 |
| Expenses | $784,812 | $764,876 | $774,896 |
| Qualifying Distributions | $691,414 | $672,823 | $662,989 |
| Net Investment Income | $489,203 | $286,351 | $46,999 |
| Distributable Amount | $515,820 | $483,173 | $510,109 |
Giving Over Time
Total grant dollars and number of grants per year
Grant Insights
How this funder distributes its grants
Top Recipients
Top 10 recipients in 2024
Grant Size Distribution
250 grants across all recorded years
Open Grants
1 open opportunity from Mckeen Fund
Giving History
Grant recipients and amounts by year
Among its reported 2024 grants, the largest include Memorial Sloan Kettering Cancer Center ($25,000), New York and Presbyterian Hospital ($25,000), St Peter's University ($25,000).
| Recipient | Purpose | Amount |
|---|---|---|
| BETHANY HOUSE ROOSEVELT, NY | YOUTH & FAMILY SERVICES | $10,000 |
| BROOKLYN JESUIT PREP BROOKLYN, NY | EDUCATION | $10,000 |
| BROOKLYN PREP ALUMNI ASSOCIATION NEW YORK, NY | GENERAL SUPPORT | $2,000 |
| CARDINAL MCCLOSKEY COMMUNITY SERVICES VALHALLA, NY | YOUTH AND FAMILY SERVICES | $5,000 |
| CARDINAL NEWMAN SOCIETY MANASSES, VA | EDUCATION | $2,000 |
| CLEVELAND CLINIC FOUNDATION VERO BEACH, FL | GENERAL SUPPORT | $10,000 |
| COLGATE UNIVERSITY HAMILTON, NY | EDUCATION | $15,000 |
| COLUMBIA UNIVERSITY NEW YORK, NY | EDUCATION | $10,000 |
| COMPREHENSIVE YOUTH DEVELOPMENT INC NEW YORK, NY | YOUTH PROGRAMS | $5,000 |
| DIOCESE OF PALM BEACH PALM BEACH GARDENS, FL | GENERAL SUPPORT | $5,000 |
Leadership & Key People
Leadership team and compensation from IRS filings
- James J. Daly – Trustee
- Beth A. Daly – Trustee
Compensation Overview
From 2024 IRS filing
From 2024 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| JAMES J DALY | TRUSTEE | 22.52 | $60,000 |
| BETH A DALY | TRUSTEE | — | — |
Recent News & Activity
Recent developments and announcements
The McKeen Fund has supported educational initiatives, including connections to Bowdoin College's student philanthropy programs and the McKeen Fellowship, which fuses community engagement and academics.
Student Philanthropy Program Raises and Donates Thousands of Dollars to NonprofitsSubject Areas
Focus areas based on grantmaking activity
Frequently Asked Questions
What does Mckeen Fund fund?
The McKeen Fund upholds the philanthropic philosophy and values of its founder, Mrs. Noreen McKeen, with a focus on supporting Roman Catholic organizations while adapting to the changing needs of the world. The foundation's primary funding areas include: • Youth and family services • Education (elementary, secondary, and early childhood) • Healthcare • Senior care • Disability services • Youth programs • Child welfare • Family services • Senior services • Special population support • Education …
How do I apply for a grant from Mckeen Fund?
**Grant Activity:** • Made 71 grants in 2023 • Made 59 grants in 2022 • Historical total of 197 grants awarded, totaling $1,374,900 across all years **Grant Sizes:** • Individual grants range from $900 to $30,000 • Median grant size: $5,000 • Average grant size: $6,900 **Recent Grantees (2023):** • The Viscardi Center: $60,000 (General Support) and $10,000 (Education) • Colgate University: $10,000 (Education) • Memorial Sloan Kettering Cancer Center **Applicant Profile:** The foundation strongl…
Where does Mckeen Fund make grants?
The foundation distributes funding across multiple states with a notable concentration in New York, which accounts for 53% of grants. Within New York, funding concentrates in New York City (22%), Brooklyn (14%), and Albertson (7%). Additional funding is distributed across 13 other locations nationwide, including Florida.
What size grants does Mckeen Fund award?
In 2024, Mckeen Fund awarded 57 grants totaling $415K — an average of about $7K per grant, based on its IRS Form 990 filings.
How much is Mckeen Fund required to give away each year?
Private foundations must generally distribute about 5% of their assets annually. For 2024, Mckeen Fund reported a distributable amount of $516K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.
What is Mckeen Fund's EIN?
Mckeen Fund's EIN (Employer Identification Number) is 13-7002920. IRS Form 990 filing data is available on this page for 2020–2024.
Explore Open Grants
Browse active grant opportunities in Mckeen Fund's focus areas in our free grants database
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Data last updated June 2026. Sourced from IRS Form 990-PF filings. Research dossier generated April 2026.
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