MKC Gormley Family Foundation Inc
MKC Gormley Family Foundation Inc is a private foundation, based in Marlborough, MA. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $530K in total assets. In 2024, it awarded 3 grants totaling $45K. Net investment income was $35K.
MKC Gormley Family Foundation Inc at a glance
In short: MKC Gormley Family Foundation Inc gave $45K across 3 grants in 2024 (avg $15K), mostly in Massachusetts. Source: 2024 IRS Form 990-PF.
- Annual giving (2024)
- $45,000
- -55.0% vs 2023
- Grants made (2024)
- 3
- +0.0% vs 2023
- Average grant
- $15,000
- -55.0% vs 2023
- Median grant
- $10,000
- Total assets
- $529,772
- +4.9% vs 2023
- Primary geography
- Massachusetts (89% of itemized 2024 grant dollars)
- Latest 990 filing
- Form 990-PF, 2024 View filing
Data from IRS Form 990-PF, 2024; updated September 2026.
Who MKC Gormley Family Foundation Inc funds
How this funder distributes its grants
Top Recipients
Top 3 recipients in 2024
The largest 2024 recipient was New Bedford Whaling Museum ($30K). Together the top 3 received $45K.
Grant Size Distribution
6 grants across all recorded years
The most common grant size was under $50K: 5 grants of 6 (83%).
Geographic Focus
Where this funder awards grants
Grant Distribution by State
Share of 2024 grant dollars across all 3 itemized grants.
States
Cities
How MKC Gormley Family Foundation Inc gives
- In 2024 it paid out 172% of its IRS minimum distribution (the 5% rule). Method
From the foundation's IRS Form 990-PF filings. Methodology.
Giving History
Giving Over Time
Total grant dollars and number of grants per year
From 2023 to 2024, annual grant giving ranged from $45K (2024) to $100K (2023). In 2024 it made 3 grants totaling $45K.
Grants by year
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| New Bedford Whaling Museum New Bedford, MA | Charitable Contribution | $30,000 |
| Buzzards Bay Coalition New Bedford, MA | Charitable Contribution | $10,000 |
| Lost Tree Foundation North Palm Beach, FL | Charitable Contribution | $5,000 |
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Financial History
Multi-year comparison from IRS filings
| Filing year | Total Assets | Revenue | Expenses | Grants paid | Grants | Qualifying Distributions | Net Investment Income | Distributable Amount |
|---|---|---|---|---|---|---|---|---|
| 2024 | $529,772 | $44,128 | $53,699 | $45,000 | 3 | $45,000 | $35,429 | $26,122 |
| 2023 | $505,031 | $45,878 | $104,554 | $100,000 | 3 | $100,000 | $41,324 | $24,569 |
| 2022 | $508,723 | $23,228 | $8,558 | — | — | — | $14,670 | $27,045 |
| 2021 | $629,208 | $50,216 | $11,796 | — | — | — | $14,620 | $28,780 |
| 2020 | $542,093 | $8,473 | $4,140 | — | — | — | $4,333 | $23,594 |
Under IRS private-foundation payout rules, MKC Gormley Family Foundation Inc reported a distributable amount of $26K for 2024 — the minimum it must pay out in qualifying distributions.
Leadership & Key People
Officers and directors from IRS filings
MKC Gormley Family Foundation Inc is led by Stephen F. Gormley, President on every filing since 2020; none of the 3 officers listed in 2024 report compensation.
Officers on the 2024 filing
Stephen F. Gormley
President
On filings since 2020
2 hrs/week
No compensation reported
Margaret G. Donahue
Director
On filings since 2020
No compensation reported
Lucinda B. Gormley
Treasurer & Clerk
On filings since 2020
No compensation reported
Data from IRS Form 990 filings, 2020–2024. "On filings since" is the earliest filing we hold that lists the person; hours are average hours per week as reported.
Frequently asked questions about MKC Gormley Family Foundation Inc
How much does MKC Gormley Family Foundation Inc give each year?
MKC Gormley Family Foundation Inc gave $45K across 3 grants in 2024, according to its 2024 IRS Form 990-PF. In 2023 it gave $100K across 3 grants.
What is MKC Gormley Family Foundation Inc's typical grant size?
MKC Gormley Family Foundation Inc's median grant in 2024 was $10,000, and its average grant was $15,000, across 3 grants on its 2024 IRS Form 990-PF.
Where does MKC Gormley Family Foundation Inc give grants?
MKC Gormley Family Foundation Inc gives mostly in Massachusetts: 89% of the grant dollars itemized on its 2024 IRS Form 990-PF went to recipients there. The next largest state was Florida (11%). The most frequent recipient cities were New Bedford, MA (2 grants).
How large is MKC Gormley Family Foundation Inc?
MKC Gormley Family Foundation Inc reported $530K in total assets on its 2024 IRS Form 990-PF. It paid out $45K in qualifying distributions that year, against a required minimum of $26K (roughly 5% of its investment assets).
What is MKC Gormley Family Foundation Inc's EIN?
MKC Gormley Family Foundation Inc's EIN (Employer Identification Number) is 04-3558072. IRS Form 990 filing data is available on this page for 2020–2024.
Data last updated September 2026. Sourced from IRS Form 990-PF filings.
Data update history
(1)
When this profile's IRS filing data changed on Grantable
- IRS filings on file for fiscal years 2020–2024
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