The McNabb Foundation is a private 501(c)(3) grantmaking foundation based in Wilmington, Delaware. Established in 2018, it operates as a philanthropic organization providing grants to charitable organizations across the United States.
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$4.8M
+12.8% YoY
Annual Giving
$358K
+5.9% YoY
Grant Count
328
+3.1% YoY
Avg Grant Size
$1K
+2.7% YoY
Grantmaking
The foundation maintains a preselected grantmaking approach, indicating it only makes contributions to preselected charitable organizations and does not accept unsolicited applications for funds.
Grant Range
$500–$25,000
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Geographic Focus
Where this funder awards grants
The McNabb Foundation has a broad geographic reach, providing funding across 29 states in the United States. Primary funding states include California, New York, and Florida, though the foundation also supports projects in major urban centers like Los Angeles and Chicago, as well as smaller communities.
Grant Distribution by State
States
Cities
Financial History
Multi-year comparison from IRS filings
Assets & Revenue (2024):
- Total Assets: $4,845,073
- Total Revenue: $977,582
- Total Expenses: $427,559
- Net Income: $550,023
- Total Liabilities: $0
Revenue Composition (2024):
- Grants and contributions: $600,000
- Investment income and dividends: $13,970
The foundation has experienced growth, with total grants and contributions increasing 25% from 2023 to 2024.
| Metric | 2024 | 2023 | 2022 |
|---|---|---|---|
| Total Assets | $4,845,073 | $4,295,050 | $3,959,502 |
| Revenue | $977,582 | $760,834 | $614,904 |
| Expenses | $427,559 | $427,286 | $462,539 |
| Qualifying Distributions | $424,759 | $408,371 | $442,227 |
| Net Investment Income | $377,582 | $263,619 | $132,098 |
| Distributable Amount | $210,322 | $188,295 | $178,047 |
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
Giving History
Grant recipients and amounts by year
No grants recorded for .
Leadership & Key People
Leadership team and compensation from IRS filings
Ernest J. McNabb serves as Director, President, Secretary, and Treasurer of the foundation, dedicating 10 hours per week without compensation.
The foundation operates with limited staffing, relying on its board and volunteer structure.
Compensation Overview
From 2024 IRS filing
From 2024 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| Ernest J McNabb | Dir, Pres, Sec, Treas | 10 | — |
Subject Areas
Focus areas based on grantmaking activity
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Data last updated April 2026. Sourced from IRS Form 990-PF filings. Research dossier generated April 2026.
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