Mckesson Foundation L-1635

PITTSBURGH, PA EIN: 34-6518820

Mckesson Foundation L-1635 is a private foundation, based in PITTSBURGH, PA. IRS filing data is available from 2019 through 2024. As of 2024, the organization holds $13.8M in total assets. In 2024, it awarded 1 grants totaling $665K. Net investment income was $862K.

Financial Overview

From 2024 IRS Form 990-PF · View filing

Total Assets

$13.8M

+1.2% YoY

Annual Giving

$665K

-4.5% YoY

Grant Count

+0.0% YoY

Avg Grant Size

$665K

-4.5% YoY

Under IRS private-foundation payout rules, Mckesson Foundation L-1635 reported a distributable amount of $796K for 2024 — the minimum it must pay out in qualifying distributions.

About Mckesson Foundation L-1635

Based on IRS filings

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Geographic Focus

Where this funder awards grants

Grant Distribution by State

Ohio $3.5M (100%)

States

Ohio

Cities

Toledo

Financial History

Multi-year comparison from IRS filings

Revenue

Expenses

Qualifying Distributions

Net Investment Income

Metric	2024	2023	2022
Total Assets	$13,828,721	$13,664,432	$13,528,694
Revenue	$968,554	$945,140	$139,691
Expenses	$796,461	$831,153	$934,432
Qualifying Distributions	$687,769	$749,944	$835,601
Net Investment Income	$862,285	$860,012	$273,759
Distributable Amount	$795,669	$718,315	$751,242

Giving Over Time

Total grant dollars and number of grants per year

Grant Insights

How this funder distributes its grants

Top Recipients

Top 1 recipients in 2024

Grant Size Distribution

5 grants across all recorded years

Giving History

Grant recipients and amounts by year

Among its reported 2024 grants, the largest include Promedica Fdn Dba Promedica ($665,440).

Recipient	Purpose	Amount
PROMEDICA FDN DBA PROMEDICA TOLEDO, OH	GENERAL SUPPORT	$665,440

Leadership & Key People

Officers and directors from IRS filings

Compensation Overview

From 2024 IRS filing

From 2024 filing

Name	Title	Hours	Compensation
PNC BANK NA	TRUSTEE	22	$110,644

Frequently Asked Questions

How large is Mckesson Foundation L-1635?

As of 2024, Mckesson Foundation L-1635 holds $13.8M in total assets with $969K in annual revenue. It awarded 1 grants totaling $665K in 2024.

Where does Mckesson Foundation L-1635 operate?

Mckesson Foundation L-1635 has awarded grants in Ohio.

What size grants does Mckesson Foundation L-1635 award?

In 2024, Mckesson Foundation L-1635 awarded 1 grants totaling $665K — an average of about $665K per grant, based on its IRS Form 990 filings.

How much is Mckesson Foundation L-1635 required to give away each year?

Private foundations must generally distribute about 5% of their assets annually. For 2024, Mckesson Foundation L-1635 reported a distributable amount of $796K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.