Mcvay Foundation
The McVay Foundation is a private family foundation established in 1984 and located in Minnetonka, Minnesota. It is supported by Mary McVay and operates as a 501(c)(3) organization with no employees.
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$11.1M
+3.6% YoY
Annual Giving
$1.0M
+3.9% YoY
Grant Count
67
+6.3% YoY
Avg Grant Size
$16K
-2.3% YoY
Mission & Focus Areas
The foundation provides grants primarily in the following areas:
- Arts
- Education
- Christian organizations
- Social services
Grantmaking
Grant Range
$13,800
Average Grant
$13,800
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Geographic Focus
Where this funder awards grants
The foundation funds primarily in Minnesota, with a concentration in the Twin Cities area.
Grant Distribution by State
States
Cities
Financial History
Multi-year comparison from IRS filings
As of December 2023
- Total assets: $10,725,633
- Total revenues: $584,197
- Total expenses: $1,103,188
- Investment income and dividends: $400,603
- Net gain from sale of non-inventory assets: $84,300
Contact Information
- Address: 14820 Highway 7 Suite 200, Minnetonka, MN 55345-4576
- Telephone: 952-230-9800
| Metric | 2024 | 2023 | 2022 |
|---|---|---|---|
| Total Assets | $11,111,048 | $10,725,633 | $11,281,894 |
| Revenue | $1,538,743 | $584,197 | $305,062 |
| Expenses | $1,153,328 | $1,103,188 | $972,527 |
| Qualifying Distributions | $1,049,056 | $1,010,440 | $882,406 |
| Net Investment Income | $1,430,796 | $461,594 | $349,597 |
| Distributable Amount | $1,022,709 | $916,687 | $944,416 |
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
- Danita McVay – President
- Mary McVay – Treasurer
- Sara McVay – Director
Compensation Overview
From 2024 IRS filing
From 2024 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| DANITA MCVAY | PRESIDENT | 1 | — |
| MARY MCVAY | TREASURER | 1 | — |
| SARA MCVAY | DIRECTOR | — | — |
| T TODD MCVAY | DIRECTOR | — | — |
| MARCELLE MCVAY | VICE PRESIDENT/SECRETARY | — | — |
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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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