Selby and Richard Mcrae Foundation
The Selby and Richard McRae Foundation is a private foundation established in 1965 and based in Jackson, Mississippi. The foundation was supported by the Estate of Richard D. McRae and operates as a 501(c)(3) organization dedicated to philanthropic grantmaking across multiple focus areas.
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$36.3M
-0.6% YoY
Annual Giving
$2.4M
+16.6% YoY
Grant Count
44
+0.0% YoY
Avg Grant Size
$55K
+16.6% YoY
Under IRS private-foundation payout rules, Selby and Richard Mcrae Foundation reported a distributable amount of $1.8M for 2024 — the minimum it must pay out in qualifying distributions.
Mission & Focus Areas
The foundation's grant-making process is conducted by the Board of Trustees based on evaluation of each project. As a Mississippi-based foundation, most contributions fund Mississippi organizations, though the foundation also supports work in other states.
Primary funding focus areas include:
- Education
- Social services
- Religion and Christianity
- Human services
- Cultural programs
- Healthcare
Grantmaking
To be eligible for consideration, projects must be efforts of a not-for-profit tax-exempt 501(c)(3) organization, institution, or association.
Grant Range
approximately $211
Average Grant
approximately $211
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Geographic Focus
Where this funder awards grants
The foundation supports organizations across multiple states, with primary focus on:
- Mississippi (primary funding area)
- North Carolina
- Missouri
- Additional states supported: DC, GA, IA, NY, TN, VA
Grant Distribution by State
States
Cities
Financial History
Multi-year comparison from IRS filings
Assets & Giving (Most Recent Fiscal Year):
- Total assets: $35,508,094–$36,341,017
- Total giving: $2,438,391
- Total expenses: $2,930,679
- Total revenues: -$1,092,096
- Number of employees: 0
Contact Information:
- Address: PO Box 13070, Jackson, MS 39236-3070
- Telephone: 601-366-9371
| Metric | 2024 | 2023 | 2022 |
|---|---|---|---|
| Total Assets | $36,341,017 | $36,545,609 | $38,923,204 |
| Revenue | $1,885,168 | $3,125,910 | $8,571,429 |
| Expenses | $2,942,466 | $2,974,423 | $3,409,083 |
| Qualifying Distributions | $2,628,092 | $2,201,667 | $2,840,129 |
| Net Investment Income | $604,498 | $1,626,702 | $7,137,404 |
| Distributable Amount | $1,779,440 | $1,728,964 | $1,962,170 |
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
172 grants across all recorded years
Giving History
Grant recipients and amounts by year
Among its reported 2024 grants, the largest include Mississippi's Toughest Kids Foundation ($310,000), St Andrew's Episcopal School ($275,000), Jackson Preparatory School ($200,000).
| Recipient | Purpose | Amount |
|---|---|---|
| BADDOUR CENTER SENATOBIA, MS | TRIP SPONSORSHIP FOR MENTALLY CHALLENGED ADULTS | $27,660 |
| BAPTIST HEALTH FOUNDATION JACKSON, MS | MOBILE CARDIOVASCULAR UNIT | $20,000 |
| BETHLEHEM CENTER THE JACKSON, MS | MINISTRY TO INTER-CITY FAMILIES & CHILDREN | $12,000 |
| CAMP TWIN LAKES INC ATLANTA, GA | CAMP SPONSORSHIP FOR MENTALLY CHALLENGED CHILDREN | $25,000 |
| COMMUNITY FOUNDATION OF MISSISSIPPI JACKSON, MS | MS BOOK FESTIVAL | $40,000 |
| EXPONENT PHILANTHROPY WASHINGTON, DC | ENHANCE PROGRAMS FOR SMALL FOUNDATIONS | $1,660 |
| FRANKLIN ROAD ACADEMY NASHVILLE, TN | CAPITAL CAMPAIGN | $100,000 |
| GALLOWAY UNITED METHODIST CHURCH JACKSON, MS | GENERAL CHURCH BUDGET | $104,000 |
| HABITAT FOR HUMANITY OF MISSISSIPPI JACKSON, MS | SURPLUS STORE | $25,000 |
| JACKSON PREPARATORY SCHOOL FLOWOOD, MS | CAPITAL CAMPAIGN | $200,000 |
Leadership & Key People
Leadership team and compensation from IRS filings
- President: Susan McRae Shanor
- Vice-President: Richard D. McRae Jr.
- Secretary: Vaughan W. McRae
- Executive Director: Renee D. Holm (only compensated member of leadership team)
Compensation Overview
From 2024 IRS filing
From 2024 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| RICHARD D MCRAE JR | PRESIDENT | 1 | — |
| VAUGHAN W MCRAE | VICE-PRESIDENT | 1 | — |
| SUSAN MCRAE SHANOR | SECRETARY | 1 | — |
| RENEE D HOLM | EXECUTIVE DIRECTOR | 15 | $46,875 |
Subject Areas
Focus areas based on grantmaking activity
Frequently Asked Questions
What does Selby and Richard Mcrae Foundation fund?
The foundation's grant-making process is conducted by the Board of Trustees based on evaluation of each project. As a Mississippi-based foundation, most contributions fund Mississippi organizations, though the foundation also supports work in other states. Primary funding focus areas include: • Education • Social services • Religion and Christianity • Human services • Cultural programs • Healthcare
How do I apply for a grant from Selby and Richard Mcrae Foundation?
**Grant Activity:** • Made 52 grants in the most recent reporting year • Total giving: $2,438,391 • Typical award range: $26,000–$325,000 • Average grant size: approximately $211 **Recent Grants (2023):** • St Andrew's Episcopal School: $325,000 (Chapel, Classroom, & Lower School Construction) • Helpmate: $250,000 (Shelter for Victims of Domestic Abuse) • The University of North Carolina at Asheville Foundation: $200,000 (Student Scholarships & Athletic Enhancements) • Millsaps College (recipie…
Where does Selby and Richard Mcrae Foundation make grants?
The foundation supports organizations across multiple states, with primary focus on: • Mississippi (primary funding area) • North Carolina • Missouri • Additional states supported: DC, GA, IA, NY, TN, VA
What size grants does Selby and Richard Mcrae Foundation award?
In 2024, Selby and Richard Mcrae Foundation awarded 44 grants totaling $2.4M — an average of about $55K per grant, based on its IRS Form 990 filings.
How much is Selby and Richard Mcrae Foundation required to give away each year?
Private foundations must generally distribute about 5% of their assets annually. For 2024, Selby and Richard Mcrae Foundation reported a distributable amount of $1.8M on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.
What is Selby and Richard Mcrae Foundation's EIN?
Selby and Richard Mcrae Foundation's EIN (Employer Identification Number) is 64-6026795. IRS Form 990 filing data is available on this page for 2021–2024.
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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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