Selby and Richard McRae Foundation
The Selby and Richard McRae Foundation is a private foundation based in Jackson, Mississippi. Its 2024 grants supported charitable organizations, with most grant dollars going to recipients in Mississippi and additional support going to organizations in North Carolina, Tennessee, Missouri, and Georgia.
Selby and Richard McRae Foundation at a glance
In short: Selby and Richard McRae Foundation gave $2.4M across 44 grants in 2024 (avg $55K), mostly in Mississippi. 39% of 2024 grantees were new. Source: 2024 IRS Form 990-PF.
- Annual giving (2024)
- $2,438,391
- +16.6% vs 2023
- Grants made (2024)
- 44
- +0.0% vs 2023
- Average grant
- $55,418
- +16.6% vs 2023
- Median grant
- $25,000
- Total assets
- $36,341,017
- -0.6% vs 2023
- New grantees (estimate)
- 39% first-time grantees (17 of 44, 2024)
- Primary geography
- Mississippi (75% of itemized 2024 grant dollars)
- Latest 990 filing
- Form 990-PF, 2024 View filing
Data from IRS Form 990-PF, 2024; updated October 2026. New grantees are estimated by matching recipient names across years (methodology).
How to apply to Selby and Richard McRae Foundation
- Accepts unsolicited proposals
- No
- How to Apply
-
The foundation makes contributions only to preselected charitable organizations and does not accept unsolicited requests for funds.
- Contact
Mailing address: PO Box 13070, Jackson, MS 39236
Phone: (601) 366-9371
Application details from Grantable's research on the foundation's public materials; confirm on its website before applying.
Who Selby and Richard McRae Foundation funds
How this funder distributes its grants
Top Recipients
Top 10 recipients in 2024
The largest 2024 recipient was Mississippi's Toughest Kids Foundation ($310K). Together the top 10 received $1.6M.
Grant Size Distribution
172 grants across all recorded years
The most common grant size was under $50K: 107 grants of 172 (62%).
Geographic Focus
Where this funder awards grants
In 2024, Mississippi recipients received 75% of grant dollars, North Carolina recipients 16%, Tennessee recipients 4%, Missouri recipients 2%, and Georgia recipients 1%.
Grant Distribution by State
Share of 2024 grant dollars across all 44 itemized grants.
States
Cities
Is Selby and Richard McRae Foundation open to new grantees?
39%
first-time grantees, 2024
In 2024, 17 of 44 grantees (39%) were first-time recipients. First grants averaged $51K; repeat grants $58K. How we count
Medians: $25K first-time, $28K repeat.
- 59% of 2024 grantees were also funded in 2023. Method
- Giving grew 45% from 2021 to 2024. Method
- In 2024 it paid out 148% of its IRS minimum distribution (the 5% rule). Method
Estimate from itemized grant lists in IRS Form 990-PF filings (2021–2024). 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 2021 to 2024, annual grant giving ranged from $1.7M (2021) to $2.7M (2022). In 2024 it made 44 grants totaling $2.4M.
Grants by year
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| Mississippi's Toughest Kids Foundation Crystal Springs, MS | Camp Kamassa Activity Center, Sidewalks, & Family Cabin | $310,000 |
| St Andrew's Episcopal School Ridgeland, MS | Chapel, Classroom, & Lower School Construction | $275,000 |
| Jackson Preparatory School Flowood, MS | Capital Campaign | $200,000 |
| University of North Carolina Asheville Foundation Inc Asheville, NC | Student Scholarships & Athletic Enhancements | $200,000 |
| American Red Cross Jackson, MS | Disaster Relief Hurrican Helene Western North Carolina | $190,000 |
| Mississippi Center for Justice Jackson, MS | Provide Legal Services for Low-Income People of Mississippi | $125,000 |
| Galloway United Methodist Church Jackson, MS | General Church Budget | $104,000 |
| Franklin Road Academy Nashville, TN | Capital Campaign | $100,000 |
| Stewpot Community Services Jackson, MS | Assistance to Homeless Peoples | $80,000 |
| Mississippi Symphony Orchestra Jackson, MS | Concert Sponsorship | $60,000 |
Ready to take the next step with Selby and Richard McRae Foundation?
Financial History
Multi-year comparison from IRS filings
| Filing year | Total Assets | Revenue | Expenses | Grants paid | Grants | Qualifying Distributions | Net Investment Income | Distributable Amount |
|---|---|---|---|---|---|---|---|---|
| 2024 | $36,341,017 | $1,885,168 | $2,942,466 | $2,438,391 | 44 | $2,628,092 | $604,498 | $1,779,440 |
| 2023 | $36,545,609 | $3,125,910 | $2,974,423 | $2,091,661 | 44 | $2,201,667 | $1,626,702 | $1,728,964 |
| 2022 | $38,923,204 | $8,571,429 | $3,409,083 | $2,738,930 | 47 | $2,840,129 | $7,137,404 | $1,962,170 |
| 2021 | $42,457,247 | $2,899,457 | $2,306,035 | $1,686,801 | 37 | — | $1,393,997 | $1,745,726 |
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.
Research compiled by Grantable AI from public sources. Last updated September 2026.
Mission & Focus Areas
No mission statement for the foundation is provided. Its 2024 grant list shows support for organizations working in areas including education, legal services, homelessness assistance, disaster relief, religion, and arts and culture.
Among the organizations supported, the Mississippi Center for Justice describes its work as advancing racial and economic justice through strategies to combat discrimination and poverty statewide. Stewpot Community Services says it provides meals, shelter, and other services to people experiencing homelessness and poverty. Pisgah Legal Services describes its work as pursuing justice for low-income people in western North Carolina through legal assistance and advocacy. The Mississippi Symphony Orchestra says it provides cultural and educational services and works to make music available to citizens.
Grantmaking
In 2024, the foundation reported 44 grants totaling $2,438,391. Awards ranged from $71 to $310,000, with a median grant of $25,000.
Among the largest awards were $310,000 to Mississippi’s Toughest Kids Foundation for the Camp Kamassa activity center, sidewalks, and family cabin; $275,000 to St Andrew’s Episcopal School for chapel, classroom, and lower school construction; $200,000 to Jackson Preparatory School for its capital campaign; and $200,000 to the University of North Carolina Asheville Foundation for student scholarships and athletic enhancements. The foundation also gave $190,000 to the American Red Cross for disaster relief in western North Carolina following Hurricane Helene, and $125,000 to the Mississippi Center for Justice to provide legal services for low-income people in Mississippi.
Leadership & Key People
Leadership team and compensation from IRS filings
The 2024 filing lists Richard D. McRae Jr. as president, Vaughan W. McRae as vice-president, Susan McRae Shanor as secretary, and Renee D. Holm as executive director.
Selby and Richard McRae Foundation is led by Renee D. Holm, Executive Director on every filing since 2021; 1 of 4 officers listed in 2024 is compensated.
Officers on the 2024 filing
Renee D. Holm
Executive Director
On filings since 2021
15 hrs/week
$77K (2021) → $47K (2024)
Richard D. McRae Jr.
President
Secretary → Vice President, 2022
Vice President → President, 2024
On filings since 2021
1 hr/week
No compensation reported
Susan McRae Shanor
Secretary
Vice President → President, 2022
President → Secretary, 2024
On filings since 2021
1 hr/week
No compensation reported
Vaughan W. McRae
Vice President
President → Secretary, 2022
Secretary → Vice President, 2024
On filings since 2021
1 hr/week
No compensation reported
Data from IRS Form 990 filings, 2021–2024. "On filings since" is the earliest filing we hold that lists the person; hours are average hours per week as reported.
Compensation Overview
From 2024 IRS filing
The highest reported compensation on the 2024 filing was $47K, to Renee D Holm (Executive Director).
Frequently asked questions about Selby and Richard McRae Foundation
How much does Selby and Richard McRae Foundation give each year?
Selby and Richard McRae Foundation gave $2.4M across 44 grants in 2024, according to its 2024 IRS Form 990-PF. In 2023 it gave $2.1M across 44 grants.
What is Selby and Richard McRae Foundation's typical grant size?
Selby and Richard McRae Foundation's median grant in 2024 was $25,000, and its average grant was $55,418, across 44 grants on its 2024 IRS Form 990-PF. Organizations receiving their first grant from Selby and Richard McRae Foundation that year got $51K on average.
Where does Selby and Richard McRae Foundation give grants?
Selby and Richard McRae Foundation gives mostly in Mississippi: 75% of the grant dollars itemized on its 2024 IRS Form 990-PF went to recipients there. The next largest state was North Carolina (16%). The most frequent recipient cities were Jackson, MS (21 grants), Asheville, NC (5 grants), Ridgeland, MS (3 grants) and St. Louis, MO (2 grants).
Does Selby and Richard McRae Foundation give general operating support?
Yes: 11% of Selby and Richard McRae Foundation's 2024 grants with a stated purpose (5 of 44) were for general or operating support, per its 2024 IRS Form 990-PF.
Who are Selby and Richard McRae Foundation's largest grantees?
Selby and Richard McRae Foundation's largest 2024 grantees include Mississippi's Toughest Kids Foundation ($310,000), St Andrew's Episcopal School ($275,000) and Jackson Preparatory School ($200,000), according to its 2024 IRS Form 990-PF. Together they received 32% of its itemized 2024 grant dollars.
How large is Selby and Richard McRae Foundation?
Selby and Richard McRae Foundation reported $36.3M in total assets on its 2024 IRS Form 990-PF. It paid out $2.6M in qualifying distributions that year, against a required minimum of $1.8M (roughly 5% of its investment assets).
What does Selby and Richard McRae Foundation fund?
No mission statement for the foundation is provided. Its 2024 grant list shows support for organizations working in areas including education, legal services, homelessness assistance, disaster relief, religion, and arts and culture. See mission & focus areas ↑
How do I apply for a grant from Selby and Richard McRae Foundation?
The foundation makes contributions only to preselected charitable organizations and does not accept unsolicited requests for funds. Eligibility and process details are in the grantmaking section of this profile. See how to apply ↑
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.
Does Selby and Richard McRae Foundation accept unsolicited proposals?
No, according to Grantable's research on the foundation's published guidelines. See how to apply ↑
Data last updated October 2026. Sourced from IRS Form 990-PF filings. Research dossier generated September 2026.
Data update history
(1)
When this profile's IRS filing data changed on Grantable
- IRS filings on file for fiscal years 2021–2024
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Cite this profile
Grantable. (2026). Selby and Richard McRae Foundation funder profile. GrantGraph. Retrieved October 11, 2026, from https://grantable.co/funders/selby-and-richard-mcrae-foundation-morg_53297e4f8c2f40a8b4ea23e40e814cca
BibTeX
@misc{grantable_646026795_2026,
author = {{Grantable}},
title = {{Selby and Richard McRae Foundation funder profile}},
howpublished = {GrantGraph},
year = {2026},
url = {https://grantable.co/funders/selby-and-richard-mcrae-foundation-morg_53297e4f8c2f40a8b4ea23e40e814cca},
note = {Accessed 2026-10-11. Data licensed CC BY 4.0}
}The figures on this page are open data under CC BY 4.0: reuse them with credit to Grantable and a link. Download the data.
Figures come from Selby and Richard McRae 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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