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
Under IRS private-foundation payout rules, Mcvay Foundation reported a distributable amount of $1.0M for 2024 — the minimum it must pay out in qualifying distributions.
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
Among its reported 2024 grants, the largest include Minnesota Orchestra ($95,000), United Way of Greater Twin Cities ($95,000), Alia ($90,000).
| Recipient | Purpose | Amount |
|---|---|---|
| CEDAR CULTURAL CENTER MINNEAPOLIS, MN | GENERAL OPERATION | $7,500 |
| AMERICAN INDIAN COLLEGE FUND DENVER, CO | GENERAL OPERATION | $15,000 |
| HAMLINE UNIVERSITY ST PAUL, MN | GENERAL OPERATION | $15,000 |
| KANSAS STATE UNIVERSITY MANHATTAN, KS | GENERAL OPERATION | $15,000 |
| MINNEPOLIS COLLEGE OF ARTS & DESIGN MINNEAPOLIS, MN | GENERAL OPERATION | $3,000 |
| RUST COLLEGE HOLLLY SPRINGS, MS | GENERAL OPERATION | $15,000 |
| STERLING COLLEGE STERLING, KS | GENERAL OPERATION | $15,000 |
| THE PRINCIPIA ST LOUIS, MO | GENERAL OPERATION | $15,000 |
| UNIVERSITY OF MN FOUNDATION MINNEAPOLIS, MN | GENERAL OPERATION | $15,000 |
| UNITED THEOLOGICAL SEMINARY ST PAUL, MN | GENERAL OPERATION | $15,000 |
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 | — | — |
Frequently Asked Questions
What does Mcvay Foundation fund?
The foundation provides grants primarily in the following areas: • Arts • Education • Christian organizations • Social services
How do I apply for a grant from Mcvay Foundation?
**Grant Activity (2023)** • Total grants made: $691,500 across 42 grants • Average grant size: $13,800 • Median grant size: $10,000 **Recent Grant Examples (2023)** • Friends of the Minnesota Orchestra: $120,000 (General Operation) • Greater Twin Cities United Way: $95,000 (General Operation) • United Theological Seminary of the Twin Cities: $65,000 (General Operation) **Historical Giving** • Total giving reported: $871,000 • Number of grants: 63
Where does Mcvay Foundation make grants?
The foundation funds primarily in Minnesota, with a concentration in the Twin Cities area.
What size grants does Mcvay Foundation award?
In 2024, Mcvay Foundation awarded 67 grants totaling $1.0M — an average of about $16K per grant, based on its IRS Form 990 filings.
How much is Mcvay Foundation required to give away each year?
Private foundations must generally distribute about 5% of their assets annually. For 2024, Mcvay Foundation reported a distributable amount of $1.0M on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.
What is Mcvay Foundation's EIN?
Mcvay Foundation's EIN (Employer Identification Number) is 36-3311833. IRS Form 990 filing data is available on this page for 2020–2024.
Explore Open Grants
Browse active grant opportunities in Mcvay Foundation's focus areas in our free grants database
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Data last updated June 2026. Sourced from IRS Form 990-PF filings. Research dossier generated April 2026.
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