Mcphearson Foundation
Mcphearson Foundation is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in TUSCALOOSA, AL. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $118K in total assets. In 2024, it awarded 3 grants totaling $4K. Net investment income was $5K.
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$118K
+0.1% YoY
Annual Giving
$4K
+66.7% YoY
Grant Count
3
+0.0% YoY
Avg Grant Size
$1K
+66.7% YoY
Under IRS private-foundation payout rules, Mcphearson Foundation reported a distributable amount of $6K for 2024 — the minimum it must pay out in qualifying distributions.
About Mcphearson Foundation
Based on IRS filings
Mcphearson Foundation is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in TUSCALOOSA, AL. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $118K in total assets. In 2024, it awarded 3 grants totaling $4K. Net investment income was $5K.
Focus Areas
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Geographic Focus
Where this funder awards grants
Grant Distribution by State
States
Cities
Financial History
Multi-year comparison from IRS filings
| Metric | 2024 | 2023 | 2022 |
|---|---|---|---|
| Total Assets | $118,038 | $117,949 | $118,378 |
| Revenue | $5,387 | $3,903 | $607 |
| Expenses | $4,799 | $3,733 | $4,668 |
| Qualifying Distributions | $3,500 | $2,100 | $2,864 |
| Net Investment Income | $5,387 | $3,903 | $4,413 |
| Distributable Amount | $6,411 | — | — |
Giving Over Time
Total grant dollars and number of grants per year
Grant Insights
How this funder distributes its grants
Top Recipients
Top 3 recipients in 2024
Grant Size Distribution
13 grants across all recorded years
Giving History
Grant recipients and amounts by year
Among its reported 2024 grants, the largest include University of Alabama ($3,100), Chistopher & Dana Reeve Foundaion ($200), Canine Campanions ($200).
| Recipient | Purpose | Amount |
|---|---|---|
| CHISTOPHER & DANA REEVE FOUNDAION SHORT HILLS, NJ | FINDING CURES FOR SPINAL INJURY | $200 |
| CANINE CAMPANIONS SANTA ROSA, CA | SERVICE DOG PROVIDER FOR INDIVIDUALS | $200 |
| UNIVERSITY OF ALABAMA TUSCALOOSA, AL | SCHOLARSHIP MONIES | $3,100 |
Leadership & Key People
Officers and directors from IRS filings
Compensation Overview
From 2024 IRS filing
From 2024 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| VIRGINIA MCPHEARSON | PRESIDENT | — | — |
| J LEE MCPHEARSON | SEC/TREASURE | — | — |
| GRACE M O'GRADY | DIRECTOR | — | — |
Subject Areas
Focus areas based on grantmaking activity
Frequently Asked Questions
What is Mcphearson Foundation?
Mcphearson Foundation is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in TUSCALOOSA, AL. It holds $118K in total assets as of 2024.
How large is Mcphearson Foundation?
As of 2024, Mcphearson Foundation holds $118K in total assets with $5K in annual revenue. It awarded 3 grants totaling $4K in 2024.
Where does Mcphearson Foundation operate?
Mcphearson Foundation has awarded grants in Alabama, California, New Jersey.
What size grants does Mcphearson Foundation award?
In 2024, Mcphearson Foundation awarded 3 grants totaling $4K — an average of about $1K per grant, based on its IRS Form 990 filings.
How much is Mcphearson Foundation required to give away each year?
Private foundations must generally distribute about 5% of their assets annually. For 2024, Mcphearson Foundation reported a distributable amount of $6K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.
What is Mcphearson Foundation's EIN?
Mcphearson Foundation's EIN (Employer Identification Number) is 58-2168184. IRS Form 990 filing data is available on this page for 2020–2024.
Explore Open Grants
Browse active grant opportunities in Mcphearson 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.