Mcleod Foundation is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in CLAYTON, NC. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $1.6M in total assets. In 2024, it awarded 13 grants totaling $294K. Net investment income was $50K.
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$1.6M
+5.0% YoY
Annual Giving
$294K
+22.5% YoY
Grant Count
13
-18.8% YoY
Avg Grant Size
$23K
+50.8% YoY
Under IRS private-foundation payout rules, Mcleod Foundation reported a distributable amount of $304K for 2024 — the minimum it must pay out in qualifying distributions.
About Mcleod Foundation
Based on IRS filings
Mcleod Foundation is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in CLAYTON, NC. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $1.6M in total assets. In 2024, it awarded 13 grants totaling $294K. Net investment income was $50K.
Focus Areas
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Geographic Focus
Where this funder awards grants
Grant Distribution by State
Cities
Financial History
Multi-year comparison from IRS filings
| Metric | 2024 | 2023 | 2022 |
|---|---|---|---|
| Total Assets | $1,597,814 | $1,521,678 | $1,429,907 |
| Revenue | $-1,092,890 | $333,181 | $123,142 |
| Expenses | $318,694 | $241,410 | $203,420 |
| Qualifying Distributions | $298,879 | $240,000 | $202,000 |
| Net Investment Income | $49,652 | $54,270 | $72,594 |
| Distributable Amount | $304,199 | $252,389 | $240,002 |
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
78 grants across all recorded years
Giving History
Grant recipients and amounts by year
Among its reported 2024 grants, the largest include Fuquay Varina Umc ($195,000), First Baptist Church Clayton ($25,000), Meredith College ($25,000).
| Recipient | Purpose | Amount |
|---|---|---|
| FUQUAY VARINA UMC FUQUAY VARINA, NC | TO SUPPORT THE CHARITABLE PURPOSE | $195,000 |
| FIRST BAPTIST CHURCH CLAYTON CLAYTON, NC | TO SUPPORT THE CHARITABLE PURPOSE | $25,000 |
| APPALACHIAN TRAIL CONSERVANCY ASHEVILLE, NC | TO SUPPORT THE CHARITABLE PURPOSE | $10,000 |
| YMCA OF THE TRIANGLE AREA INC RALEIGH, NC | TO SUPPORT THE CHARITABLE PURPOSE | $16,000 |
| ICHOOSE PREGNANCY SUPPORT SERVICES CLAYTON, NC | TO SUPPORT THE CHARITABLE PURPOSE | $2,500 |
| HARBOR INC SMITHFIELD, NC | TO SUPPORT THE CHARITABLE PURPOSE | $2,500 |
| CLAYTON AREA MINISTRIES CLAYTON, NC | TO SUPPORT THE CHARITABLE PURPOSE | $2,000 |
| NORTH BRUNSWICK KIWANIS CLUB LELAND, NC | TO SUPPORT THE CHARITABLE PURPOSE | $2,000 |
| WAKE FOREST UNIVERISTY WINSTON SALEM, NC | TO SUPPORT THE CHARITABLE PURPOSE | $1,000 |
| MEREDITH COLLEGE RALEIGH, NC | TO SUPPORT THE CHARITABLE PURPOSE | $25,000 |
Leadership & Key People
Officers and directors from IRS filings
Compensation Overview
From 2024 IRS filing
From 2024 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| BERNARD F MCLEOD III | PRESIDENT | 1 | — |
| W STEWART MCLEOD | V/P - TREASU | 1 | — |
Subject Areas
Focus areas based on grantmaking activity
Frequently Asked Questions
What is Mcleod Foundation?
Mcleod Foundation is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in CLAYTON, NC. It holds $1.6M in total assets as of 2024.
How large is Mcleod Foundation?
As of 2024, Mcleod Foundation holds $1.6M in total assets with $-1,092,890 in annual revenue. It awarded 13 grants totaling $294K in 2024.
Where does Mcleod Foundation operate?
Mcleod Foundation has awarded grants in Michigan, North Carolina, Virginia.
What size grants does Mcleod Foundation award?
In 2024, Mcleod Foundation awarded 13 grants totaling $294K — an average of about $23K per grant, based on its IRS Form 990 filings.
How much is Mcleod Foundation required to give away each year?
Private foundations must generally distribute about 5% of their assets annually. For 2024, Mcleod Foundation reported a distributable amount of $304K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.
What is Mcleod Foundation's EIN?
Mcleod Foundation's EIN (Employer Identification Number) is 20-8042018. IRS Form 990 filing data is available on this page for 2020–2024.
Explore Open Grants
Browse active grant opportunities in Mcleod Foundation's focus areas in our free grants database
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Data last updated April 2026. Sourced from IRS Form 990-PF filings.
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