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
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
No grants recorded for .
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 |
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Data last updated April 2026. Sourced from IRS Form 990-PF filings. Research dossier generated April 2026.
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