Mulcahy Foundation
Mulcahy Foundation is a private foundation, based in Adel, IA. IRS filing data is available from 2024 through 2025. As of 2025, the organization holds $480K in total assets. In 2025, it awarded 15 grants totaling $49K. Net investment income was $12K.
Key facts about Mulcahy Foundation
In short: Mulcahy Foundation gave $49K across 15 grants in 2025 (avg $3K), mostly in Iowa. Source: 2025 IRS Form 990-PF.
- EIN
- 87-3806487
- Latest 990 filing
- Form 990-PF, 2025
- Annual giving (2025)
- $49,300
- Grants made (2025)
- 15
- Average grant
- $3,287
- Median grant
- $5,000
- Total assets
- $479,555
- Primary geography
- Iowa (94% of itemized 2025 grant dollars)
Data from IRS Form 990-PF, 2025; updated September 2026.
Quick answers about Mulcahy Foundation
How much does Mulcahy Foundation give each year?
Mulcahy Foundation gave $49K across 15 grants in 2025, according to its 2025 IRS Form 990-PF. In 2024 it gave $29K across 11 grants.
What is Mulcahy Foundation's typical grant size?
Mulcahy Foundation's median grant in 2025 was $5,000, and its average grant was $3,287, across 15 grants on its 2025 IRS Form 990-PF.
Where does Mulcahy Foundation give grants?
Mulcahy Foundation gives mostly in Iowa: 94% of the grant dollars itemized on its 2025 IRS Form 990-PF went to recipients there. The most frequent recipient cities were West Des Moines, IA (3 grants), Arnolds Park, IA (2 grants) and Iowa City, IA (2 grants).
Does Mulcahy Foundation give general operating support?
Not in 2025: none of the 15 grants with a stated purpose on Mulcahy Foundation's 2025 IRS Form 990-PF were described as general or operating support.
Who are Mulcahy Foundation's largest grantees?
Mulcahy Foundation's largest 2025 grantees include Des Moines Swim Federation ($13,000 across 3 grants), Iowa Rock & Roll Association ($6,000) and University of Iowa Family Children's Hospital ($6,000), according to its 2025 IRS Form 990-PF. Together they received 51% of its itemized 2025 grant dollars.
How Mulcahy Foundation gives
- 38% of 2025 grantees were also funded in 2024. Method
- In 2025 it paid out 110% of its IRS minimum distribution (the 5% rule). Method
Estimate from itemized grant lists in IRS Form 990-PF filings (2025). Recipient names are matched across years, so a renamed or misspelled grantee can look new; grants to individuals are left out. Methodology.
Next steps with Mulcahy Foundation
- How to evaluate Mulcahy Foundation as a funder
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Financial Overview
From 2025 IRS Form 990-PF · View filing
Total Assets
$480K
-9.4% YoY
Annual Giving
$49K
+69.4% YoY
Grant Count
15
+36.4% YoY
Avg Grant Size
$3K
+24.2% YoY
Under IRS private-foundation payout rules, Mulcahy Foundation reported a distributable amount of $46K for 2025 — the minimum it must pay out in qualifying distributions.
About Mulcahy Foundation
Based on IRS filings
Mulcahy Foundation is a private foundation, based in Adel, IA. IRS filing data is available from 2024 through 2025. As of 2025, the organization holds $480K in total assets. In 2025, it awarded 15 grants totaling $49K. Net investment income was $12K.
Ready to take the next step with Mulcahy Foundation?
Geographic Focus
Where this funder awards grants
Grant Distribution by State
Share of all 15 itemized 2025 grant dollars.
Cities
Financial History
Multi-year comparison from IRS filings
| Metric | 2025 | 2024 |
|---|---|---|
| Total Assets | $479,555 | $529,403 |
| Revenue | $18,712 | $948,339 |
| Expenses | $58,998 | $32,394 |
| Qualifying Distributions | $50,285 | $32,005 |
| Net Investment Income | $12,300 | $460,796 |
| Distributable Amount | $45,518 | $23,683 |
Data update history
When this profile's IRS filing data changed on Grantable
- Added Form 990-PF for fiscal year 2025 (received by the IRS May 5, 2026)
- Added Form 990-PF for fiscal year 2024 (received by the IRS August 15, 2025)
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 2025
Grant Size Distribution
26 grants across all recorded years
Giving History
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| Iowa Rock & Roll Association Arnolds Park, IA | Support music arts in Iowa | $6,000 |
| University of Iowa Family Children's Hospital Iowa City, IA | Support UIowa Children's Hospital mission. | $6,000 |
| Dallas County Foundation Adel, IA | Support Charitable programs in Central Iowa. | $5,000 |
| Des Moines Swim Federation West Des Moines, IA | Promote youth swimming in the Des Moines Community. | $5,000 |
| Des Moines Swim Federation West Des Moines, IA | Promote youth swimming in the Des Moines Community. | $5,000 |
| Dickinson County Trails Sprit Lake, IA | Support trails & outdoor activities | $5,000 |
| Historic Arnolds Park Arnolds Park, IA | Support Youth Activities | $5,000 |
| Iowa Hawkeye Wrestling Club Iowa City, IA | Support amatuer sports in Iowa | $5,000 |
| Des Moines Swim Federation West Des Moines, IA | Youth swimming in Des Moines, Iowa | $3,000 |
| Dickinson County Airport Authority Okoboji, IA | Support public transportation | $1,000 |
Leadership & Key People
Officers and directors from IRS filings
Mulcahy Foundation is led by David S Mulcahy, President on every filing since 2024; none of the 3 officers listed in 2025 report compensation.
Officers on the 2025 filing
David S Mulcahy
President
On filings since 2024
No compensation reported
Andrea Smith
Vice President
On filings since 2024
No compensation reported
Elizabeth A Mulcahy
Treasurer
On filings since 2024
No compensation reported
Data from IRS Form 990 filings, 2024–2025. "On filings since" is the earliest filing we hold that lists the person; hours are average hours per week as reported.
Frequently Asked Questions
How large is Mulcahy Foundation?
As of 2025, Mulcahy Foundation holds $480K in total assets with $19K in annual revenue. It awarded 15 grants totaling $49K in 2025.
How much is Mulcahy Foundation required to give away each year?
Private foundations must generally distribute about 5% of their assets annually. For 2025, Mulcahy Foundation reported a distributable amount of $46K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.
What is Mulcahy Foundation's EIN?
Mulcahy Foundation's EIN (Employer Identification Number) is 87-3806487. IRS Form 990 filing data is available on this page for 2024–2025.
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Data last updated September 2026. Sourced from IRS Form 990-PF filings.