P&f Mc Courtney Foundation
The P&F MC Courtney Foundation is a private foundation established in 1900 and designated as a non-exempt charitable trust under section 4947(a)(1) of the Internal Revenue Code. The foundation is located in Dallas, Texas, with historical administrative ties to Chicago, Illinois. It operates with no direct charitable activities, instead functioning as a grantmaking foundation that distributes funds to educational institutions and other charitable organizations.
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
—
Annual Giving
$425K
-12.4% YoY
Grant Count
30
-14.3% YoY
Avg Grant Size
$14K
+2.2% YoY
Mission & Focus Areas
The foundation's primary focus is on funding scholarships and grants to educational institutions. Its grantmaking aligns with the NTEE classification of Philanthropy, Voluntarism, and Grantmaking Foundations (General).
Grantmaking
The foundation made 26 grants in fiscal year 2024. Recent grants include:
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Geographic Focus
Where this funder awards grants
The foundation has demonstrated support for educational institutions in Illinois and Indiana, including the University of Illinois Urbana-Champaign, Purdue University, and Illinois College.
Grant Distribution by State
States
Cities
Financial History
Multi-year comparison from IRS filings
Fiscal Year 2024 (ending September 30, 2024):
- Total Assets: $8,098,816
- Total Revenue: $264,054
- Total Expenses: $472,583
- Net Income: -$208,529
- Total Liabilities: $0
Revenue Sources (FY 2024):
- Dividends: $228,141
- Sales of Assets: $35,024
- Other Income: $789
- Contributions Received: $100
Expense Breakdown (FY 2024):
- Charitable Disbursements: $439,528 (93.0% of expenses)
- Compensation of Officers: $31,459 (6.7% of expenses)
The foundation has zero employees and is managed by its trustee.
| Metric | 2024 | 2023 | 2022 |
|---|---|---|---|
| Total Assets | — | — | — |
| Revenue | — | — | — |
| Expenses | — | — | — |
| Qualifying Distributions | — | — | — |
| Net Investment Income | — | — | — |
| 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
150 grants across all recorded years
Giving History
Grant recipients and amounts by year
Among its reported 2024 grants, the largest include U of Illinois Urbana Champaign ($50,000), Purdue University ($40,000), Illinois College ($25,000).
| Recipient | Purpose | Amount |
|---|---|---|
| ST AMBROSE UNIVERSITY Davenport, IA | SCHOLARSHIPS | $10,000 |
| ROSE HULMAN INSTITUTE OF TECH Terre Haute, IN | SCHOLARSHIP | $10,000 |
| METHODIST COLLEGE OF NURSING Peoria, IL | SCHOLARSHIPS | $15,000 |
| MARQUETTE UNIVERSITY Milwaukee, WI | SCHOLARSHIPS | $10,000 |
| CARTHAGE COLLEGE Kenosha, WI | SCHOLARSHIPS | $10,000 |
| UNIVERSITY OF SOUTH FLORIDA ST PETERSBURG, FL | SCHOLARSHIPS | $10,000 |
| UNIVERSITY OF KENTUCKY Lexington, KY | SCHOLARSHIPS | $10,000 |
| UNIVERSITY OF NEW MEXICO ALBUQUERQUE, NM | SCHOLARSHIPS | $10,000 |
| UNION UNIVERSITY JACKSON, TN | SCHOLARSHIPS | $10,000 |
| IUPUI INDIANAPOLIS, IN | SCHOLARSHIPS | $10,000 |
Leadership & Key People
Leadership team and compensation from IRS filings
Bank of America N.A. serves as Managing Director of the foundation as of January 2025.
Compensation Overview
From 2024 IRS filing
From 2024 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| BANK OF AMERICA | TRUSTEE | 1 | $31,459 |
Frequently Asked Questions
What does P&f Mc Courtney Foundation fund?
The foundation's primary focus is on funding scholarships and grants to educational institutions. Its grantmaking aligns with the NTEE classification of Philanthropy, Voluntarism, and Grantmaking Foundations (General).
How do I apply for a grant from P&f Mc Courtney Foundation?
The foundation made 26 grants in fiscal year 2024. Recent grants include: • Trustees of Purdue University: $40,000 (Scholarships) • Illinois College: $25,000 (Scholarships) • Bhem Affiliated Institutions Employees Medical Plan Trust: $20,000 (Scholarships) Total charitable disbursements in fiscal year 2024 reached $439,528.
Where does P&f Mc Courtney Foundation make grants?
The foundation has demonstrated support for educational institutions in Illinois and Indiana, including the University of Illinois Urbana-Champaign, Purdue University, and Illinois College.
What size grants does P&f Mc Courtney Foundation award?
In 2024, P&f Mc Courtney Foundation awarded 30 grants totaling $425K — an average of about $14K per grant, based on its IRS Form 990 filings.
What is P&f Mc Courtney Foundation's EIN?
P&f Mc Courtney Foundation's EIN (Employer Identification Number) is 43-6023586. IRS Form 990 filing data is available on this page for 2020–2024.
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Data last updated June 2026. Sourced from IRS Form 990-PF filings. Research dossier generated April 2026.
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