Michael W McCarthy Foundation Inc
Michael W McCarthy Foundation Inc is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in HAUPPAUGE, NY. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $6.0M in total assets. In 2024, it awarded 14 grants totaling $113K. Net investment income was $470K.
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$6.0M
+2.6% YoY
Annual Giving
$113K
+38.0% YoY
Grant Count
14
+75.0% YoY
Avg Grant Size
$8K
-21.1% YoY
About Michael W McCarthy Foundation Inc
Based on IRS filings
Michael W McCarthy Foundation Inc is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in HAUPPAUGE, NY. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $6.0M in total assets. In 2024, it awarded 14 grants totaling $113K. Net investment income was $470K.
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 | $5,973,866 | $5,823,901 | $6,021,345 |
| Revenue | $722,089 | $331,130 | $288,651 |
| Expenses | $571,710 | $528,574 | $546,503 |
| Qualifying Distributions | $327,352 | $290,093 | $306,250 |
| Net Investment Income | $469,870 | $91,992 | $10,894 |
| Distributable Amount | — | — | — |
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
60 grants across all recorded years
Giving History
Grant recipients and amounts by year
Among its reported 2024 grants, the largest include Winters Center for Autism ($25,000), Paws of War ($15,000), NYC PBA Widows Childrens Foundation ($15,000).
| Recipient | Purpose | Amount |
|---|---|---|
| Christmas Magic Hauppauge, NY | General operating to help provide holiday gifts to underprivileged children throughout all of Long Island | $10,000 |
| LICA Lake Forest, IL | Provide financial support for research, family assitance and education regarding Cystinosis | $2,625 |
| Unsung Siblings Foundation Dix Hills, NY | To provide services to children with an emphasis on assisting families in need | $9,500 |
| Companions in Courage Foundation Huntington, NY | Provide resources for pediatric hospital patients and their families. | $3,700 |
| Nephcure King of Prussia, PA | Provide financial support for research and education regarding Nephrotic Syndrome. | $7,500 |
| Spectrum Designs Port Washington, NY | Provide financial support for individuals with autism to lead full and productive lives. | $1,000 |
| Paws of War Nesconset, NY | Support Dogs | $15,000 |
| Winters Center for Autism West Babylon, NY | Autism | $25,000 |
| Molloy Unerversity Rockville Centre, NY | Catholic University | $5,000 |
| The Nicholas Center Port Washington, NY | Autism | $1,000 |
Leadership & Key People
Officers and directors from IRS filings
Compensation Overview
From 2024 IRS filing
From 2024 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| Patrick C McCarthy | President | 30 | — |
| Giovanna McCarthy | Vice President | 25 | — |
Subject Areas
Focus areas based on grantmaking activity
Frequently Asked Questions
What is Michael W McCarthy Foundation Inc?
Michael W McCarthy Foundation Inc is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in HAUPPAUGE, NY. It holds $6.0M in total assets as of 2024.
How large is Michael W McCarthy Foundation Inc?
As of 2024, Michael W McCarthy Foundation Inc holds $6.0M in total assets with $722K in annual revenue. It awarded 14 grants totaling $113K in 2024.
Where does Michael W McCarthy Foundation Inc operate?
Michael W McCarthy Foundation Inc has awarded grants in Illinois, Maryland, New Jersey, New York, Pennsylvania.
What size grants does Michael W McCarthy Foundation Inc award?
In 2024, Michael W McCarthy Foundation Inc awarded 14 grants totaling $113K — an average of about $8K per grant, based on its IRS Form 990 filings.
What is Michael W McCarthy Foundation Inc's EIN?
Michael W McCarthy Foundation Inc's EIN (Employer Identification Number) is 26-0675307. IRS Form 990 filing data is available on this page for 2020–2024.
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Data last updated April 2026. Sourced from IRS Form 990-PF filings.