McKelvey Family Foundation
McKelvey Family Foundation is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in Westlake, TX. IRS filing data is available from 2021 through 2024. As of 2024, the organization holds $9.8M in total assets. In 2024, it awarded 19 grants totaling $431K.
Key facts about McKelvey Family Foundation
In short: McKelvey Family Foundation gave $431K across 19 grants in 2024 (avg $23K), mostly in Texas. 47% of 2024 grantees were new. Source: 2024 IRS Form 990-PF.
- EIN
- 86-1521376
- Latest 990 filing
- Form 990-PF, 2024
- Annual giving (2024)
- $431,446
- Grants made (2024)
- 19
- Average grant
- $22,708
- Median grant
- $5,800
- New grantees (estimate)
- 47% first-time grantees (9 of 19, 2024)
- Total assets
- $9,788,629
- Primary geography
- Texas (63% of itemized 2024 grant dollars)
Data from IRS Form 990-PF, 2024; updated September 2026. New grantees are estimated by matching recipient names across years (methodology).
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$9.8M
+19.5% YoY
Annual Giving
$431K
+0.3% YoY
Grant Count
19
+5.6% YoY
Avg Grant Size
$23K
-4.9% YoY
Under IRS private-foundation payout rules, McKelvey Family Foundation reported a distributable amount of $607K for 2024 — the minimum it must pay out in qualifying distributions.
Is McKelvey Family Foundation open to new grantees?
47%
first-time grantees, 2024
In 2024, 9 of 19 grantees (47%) were first-time recipients. First grants averaged $4K; repeat grants $40K. How we count
Medians: $3K first-time, $13K repeat.
- 53% of 2024 grantees were also funded in 2023. Method
- In 2024 it paid out 71% of its IRS minimum distribution (the 5% rule). Foundations have until the end of the next year to meet it. Method
Estimate from itemized grant lists in IRS Form 990-PF filings (2022–2024). Recipient names are matched across years, so a renamed or misspelled grantee can look new; grants to individuals are left out. Methodology.
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Geographic Focus
Where this funder awards grants
Grant Distribution by State
Share of all 19 itemized 2024 grant dollars.
States
Cities
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
45 grants across all recorded years
Giving History
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| COMMIT2DALLAS Dallas, TX | SUPPORT THE MISSION | $200,000 |
| MAGIC WAND FOUNDATION Roswell, GA | SUPPORT THE MISSION | $100,000 |
| NEW HORIZONS OF NORTH TEXAS Southlake, TX | SUPPORT THE MISSION | $25,682 |
| ARK OF THE RAINBOW Dallas, TX | SUPPORT THE MISSION | $25,000 |
| NATIONAL NETWORK OF ABORTION FUNDS Beaverton, OR | SUPPORT THE NATIONAL NETWORK | $13,000 |
| TREVOR PROJECT West Hollywood, CA | SUPPORT THE MISSION | $12,407 |
| ME SQUARED CANCER Southlake, TX | SUPPORT THE MISSION | $10,000 |
| JAZZ AT ASPEN-SNOWMASS Aspen, CO | SUPPORT THE MISSION | $9,200 |
| PLANNED PARENTHOOD ACTION FUND New York, NY | SUPPORT THE MISSION | $7,227 |
| PROJECTHANDUP Grapevine, TX | SUPPORT THE MISSION | $5,800 |
Financial History
Multi-year comparison from IRS filings
| Metric | 2024 | 2023 | 2022 |
|---|---|---|---|
| Total Assets | $9,788,629 | $8,193,110 | $5,451,484 |
| Revenue | $2,315,246 | $3,401,664 | $5,536,590 |
| Expenses | $692,591 | $687,174 | $211,833 |
| Qualifying Distributions | $431,446 | $435,670 | $53,000 |
| Net Investment Income | — | — | — |
| Distributable Amount | $606,909 | $505,604 | $225,897 |
Data update history
When this profile's IRS filing data changed on Grantable
- IRS filings on file for fiscal years 2021–2024
Leadership & Key People
Officers and directors from IRS filings
McKelvey Family Foundation is led by Thomas R. McKelvey, President & Director on every filing since 2021; none of the 5 officers listed in 2024 report compensation.
Officers on the 2024 filing
Thomas R. McKelvey
President & Director
On filings since 2021
No compensation reported
Allie Ruth McKelvey
Director
On filings since 2021
No compensation reported
Kaylon Alyse McKelvey
Director
On filings since 2021
No compensation reported
Quincy Nicole McKelvey
Director
On filings since 2021
No compensation reported
Lisa Coleman McKelvey
Secretary, Treasurer & Direcotr
On filings since 2021
No compensation reported
Data from IRS Form 990 filings, 2021–2024. "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 McKelvey Family Foundation
How much does McKelvey Family Foundation give each year?
McKelvey Family Foundation gave $431K across 19 grants in 2024, according to its 2024 IRS Form 990-PF. In 2023 it gave $430K across 18 grants.
What is McKelvey Family Foundation's typical grant size?
McKelvey Family Foundation's median grant in 2024 was $5,800, and its average grant was $22,708, across 19 grants on its 2024 IRS Form 990-PF. Organizations receiving their first grant from McKelvey Family Foundation that year got $4K on average.
Where does McKelvey Family Foundation give grants?
McKelvey Family Foundation gives mostly in Texas: 63% of the grant dollars itemized on its 2024 IRS Form 990-PF went to recipients there. The next largest state was Georgia (23%). The most frequent recipient cities were New York, NY (4 grants), Dallas, TX (2 grants) and Southlake, TX (2 grants).
Does McKelvey Family Foundation give general operating support?
Not in 2024: none of the 19 grants with a stated purpose on McKelvey Family Foundation's 2024 IRS Form 990-PF were described as general or operating support. Recurring purposes include "Support the Mission" (17 grants).
Who are McKelvey Family Foundation's largest grantees?
McKelvey Family Foundation's largest 2024 grantees include COMMIT2DALLAS ($200,000), Magic Wand Foundation ($100,000) and New Horizons of North Texas ($25,682), according to its 2024 IRS Form 990-PF. Together they received 75% of its itemized 2024 grant dollars.
How large is McKelvey Family Foundation?
McKelvey Family Foundation reported $9.8M in total assets on its 2024 IRS Form 990-PF. It paid out $431K in qualifying distributions that year, against a required minimum of $607K (roughly 5% of its investment assets).
What is McKelvey Family Foundation?
McKelvey Family Foundation is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in Westlake, TX. It holds $9.8M in total assets as of 2024.
What is McKelvey Family Foundation's EIN?
McKelvey Family Foundation's EIN (Employer Identification Number) is 86-1521376. IRS Form 990 filing data is available on this page for 2021–2024.
Data last updated September 2026. Sourced from IRS Form 990-PF filings.
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