Mkc Gormley Family Foundation Inc
Mkc Gormley Family Foundation Inc is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, 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.
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$530K
+4.9% YoY
Annual Giving
$45K
-55.0% YoY
Grant Count
3
+0.0% YoY
Avg Grant Size
$15K
-55.0% YoY
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.
About Mkc Gormley Family Foundation Inc
Based on IRS filings
Mkc Gormley Family Foundation Inc is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, 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.
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 | $529,772 | $505,031 | $508,723 |
| Revenue | $44,128 | $45,878 | $23,228 |
| Expenses | $53,699 | $104,554 | $8,558 |
| Qualifying Distributions | $45,000 | $100,000 | — |
| Net Investment Income | $35,429 | $41,324 | $14,670 |
| Distributable Amount | $26,122 | $24,569 | $27,045 |
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
6 grants across all recorded years
Giving History
Grant recipients and amounts by year
Among its reported 2024 grants, the largest include New Bedford Whaling Museum ($30,000), Buzzards Bay Coalition ($10,000), Lost Tree Foundation ($5,000).
| Recipient | Purpose | Amount |
|---|---|---|
| NEW BEDFORD WHALING MUSEUM NEW BEDFORD, MA | CHARITABLE CONTRIBUTION | $30,000 |
| LOST TREE FOUNDATION NORTH PALM BEACH, FL | CHARITABLE CONTRIBUTION | $5,000 |
| BUZZARDS BAY COALITION NEW BEDFORD, MA | CHARITABLE CONTRIBUTION | $10,000 |
Leadership & Key People
Officers and directors from IRS filings
Compensation Overview
From 2024 IRS filing
From 2024 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| STEPHEN F GORMLEY | PRESIDENT | 2 | — |
| LUCINDA B GORMLEY | TREASURER, CLERK | — | — |
| MARGARET G DONAHUE | DIRECTOR | — | — |
Subject Areas
Focus areas based on grantmaking activity
Frequently Asked Questions
What is Mkc Gormley Family Foundation Inc?
Mkc Gormley Family Foundation Inc is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in MARLBOROUGH, MA. It holds $530K in total assets as of 2024.
How large is Mkc Gormley Family Foundation Inc?
As of 2024, Mkc Gormley Family Foundation Inc holds $530K in total assets with $44K in annual revenue. It awarded 3 grants totaling $45K in 2024.
Where does Mkc Gormley Family Foundation Inc operate?
Mkc Gormley Family Foundation Inc has awarded grants in Florida, Massachusetts, Maine.
What size grants does Mkc Gormley Family Foundation Inc award?
In 2024, Mkc Gormley Family Foundation Inc awarded 3 grants totaling $45K — an average of about $15K per grant, based on its IRS Form 990 filings.
How much is Mkc Gormley Family Foundation Inc required to give away each year?
Private foundations must generally distribute about 5% of their assets annually. For 2024, Mkc Gormley Family Foundation Inc reported a distributable amount of $26K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.
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.
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Data last updated April 2026. Sourced from IRS Form 990-PF filings.
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