Mulcahy Foundation
The Mulcahy Foundation is a private foundation based in Adel, Iowa. Its 2025 grants supported organizations working in areas including youth activities, arts, health, swimming, wrestling, trails, and conservation.
Mulcahy Foundation at a glance
In short: Mulcahy Foundation gave $49K across 15 grants in 2025 (avg $3K), mostly in Iowa. Source: 2025 IRS Form 990-PF.
- Annual giving (2025)
- $49,300
- +69.4% vs 2024
- Grants made (2025)
- 15
- +36.4% vs 2024
- Average grant
- $3,287
- +24.2% vs 2024
- Median grant
- $5,000
- Total assets
- $479,555
- -9.4% vs 2024
- Primary geography
- Iowa (94% of itemized 2025 grant dollars)
- Latest 990 filing
- Form 990-PF, 2025 View filing
Data from IRS Form 990-PF, 2025; updated October 2026.
How to apply to Mulcahy Foundation
- How to Apply
-
The filing states that no specific application is required and there is no specific admission deadline. Awards are limited to qualifying exempt organizations under sections 501(c)(3) and 170(c)(2) of the Internal Revenue Code.
- Contact
Application contact: David S Elizabeth Mulcahy
Mailing address: 1542 Burr Oaks Drive, West Des Moines, IA 50266
Phone: (515) 240-9096
Email: dmulcahy@monmatgrp.com
Application details from Grantable's research on the foundation's public materials; confirm on its website before applying.
Who Mulcahy Foundation funds
How this funder distributes its grants
Top Recipients
Top 10 recipients in 2025
The largest 2025 recipient was Des Moines Swim Federation ($13K across 3 grants). Together the top 10 received $48K.
Grant Size Distribution
26 grants across all recorded years
The most common grant size was under $50K: 26 grants of 26 (100%).
Geographic Focus
Where this funder awards grants
In 2025, 94% of grant dollars went to recipients in Iowa. Pennsylvania, Montana, and Minnesota each received 2%. Listed Iowa recipients included organizations in Arnolds Park, Iowa City, Adel, West Des Moines, and other communities.
Grant Distribution by State
Share of 2025 grant dollars across all 15 itemized grants.
Cities
How Mulcahy Foundation gives
- 46% 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.
Giving History
Giving Over Time
Total grant dollars and number of grants per year
From 2024 to 2025, annual grant giving ranged from $29K (2024) to $49K (2025). In 2025 it made 15 grants totaling $49K.
Grants by year
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 |
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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 |
|---|---|---|---|---|---|---|---|---|
| 2025 | $479,555 | $18,712 | $58,998 | $49,300 | 15 | $50,285 | $12,300 | $45,518 |
| 2024 | $529,403 | $948,339 | $32,394 | $29,100 | 11 | $32,005 | $460,796 | $23,683 |
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.
Research compiled by Grantable AI from public sources. Last updated September 2026.
Mission & Focus Areas
No mission statement for the foundation is provided. Its 2025 grants included support for music arts in Iowa, children’s hospital services, charitable programs in Central Iowa, youth swimming, outdoor activities, and amateur sports.
Among the grantees, Historic Arnolds Park Inc. describes its mission as providing and preserving family fun in the Iowa Great Lakes area through its amusement park, excursion boat, and maritime museum. Madison River Foundation describes its mission as preserving, protecting, and enhancing the Madison River ecosystem. Mayo Clinic describes its mission as promoting health and well-being through clinical care, education, and research.
Grantmaking
In 2025, the foundation made 15 grants totaling $49,300. Grants ranged from $100 to $6,000, with a median of $5,000. Notable awards included $6,000 each to Iowa Rock & Roll Association and University of Iowa Family Children’s Hospital; $5,000 each to Dallas County Foundation, Des Moines Swim Federation, Dickinson County Trails, Historic Arnolds Park, and Iowa Hawkeye Wrestling Club; and $1,000 each to Dickinson County Airport Authority, Fort Cherry Wrestling, and Madison River Foundation.
Leadership & Key People
Leadership team and compensation from IRS filings
The 2025 filing lists David S Mulcahy as president, Elizabeth A Mulcahy as treasurer, and Andrea Smith as vice president.
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 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 large is Mulcahy Foundation?
Mulcahy Foundation reported $480K in total assets on its 2025 IRS Form 990-PF. It paid out $50K in qualifying distributions that year, against a required minimum of $46K (roughly 5% of its investment assets).
What does Mulcahy Foundation fund?
No mission statement for the foundation is provided. Its 2025 grants included support for music arts in Iowa, children’s hospital services, charitable programs in Central Iowa, youth swimming, outdoor activities, and amateur sports. See mission & focus areas ↑
How do I apply for a grant from Mulcahy Foundation?
The filing states that no specific application is required and there is no specific admission deadline. Eligibility and process details are in the grantmaking section of this profile. See how to apply ↑
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.
Data last updated October 2026. Sourced from IRS Form 990-PF filings. Research dossier generated September 2026.
Data update history
(2)
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)
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The filing figures on this page are open data under CC BY 4.0. About GrantGraph Open
Figures come from Mulcahy Foundation's IRS filings (methodology). AI-written summaries, news items and logos are not covered by the open licence. Spot an error? Email hello@grantable.co.
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