The Alice & Patrick Mcginty Foundation

Foundation · Grantmaker UNIVERSITY HEIGHTS, OH EIN: 34-1643124

The Alice & Patrick Mcginty Foundation is a private foundation, based in UNIVERSITY HEIGHTS, OH. IRS filing data is available from 2018 through 2024. As of 2024, the organization holds $1.5M in total assets. In 2024, it made $8K in qualifying distributions. Net investment income was $76K.

Financial Overview

From 2024 IRS Form 990-PF · View filing

Total Assets

$1.5M

+4.7% YoY

Revenue

$84K

+16.5% YoY

Qualifying Distributions

$8K

-98.0% YoY

Expenses

$16K

-96.1% YoY

Under IRS private-foundation payout rules, The Alice & Patrick Mcginty Foundation reported a distributable amount of $177K for 2024 — the minimum it must pay out in qualifying distributions.

About The Alice & Patrick Mcginty Foundation

Based on IRS filings

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Geographic Focus

Where this funder awards grants

Grant Distribution by State

Ohio $799K (100%)

States

Ohio

Cities

ChardonClevelandCleveland HeightsLakewoodLorainLyndhurstParmaUniversity Heights

Financial History

Multi-year comparison from IRS filings

Revenue

Expenses

Qualifying Distributions

Net Investment Income

Metric	2024	2023	2021
Total Assets	$1,500,785	$1,433,346	$1,734,000
Revenue	$83,586	$71,720	$541,366
Expenses	$16,147	$418,705	$285,150
Qualifying Distributions	$8,073	$409,331	—
Net Investment Income	$75,512	$62,346	$526,409
Distributable Amount	$177,116	$163,270	$170,588

Giving Over Time

Total grant dollars and number of grants per year

Grant Insights

How this funder distributes its grants

Top Recipients

Top 0 recipients in 2024

Grant Size Distribution

15 grants across all recorded years

Giving History

Grant recipients and amounts by year

No grants recorded for 2024.

Leadership & Key People

Officers and directors from IRS filings

Compensation Overview

From 2024 IRS filing

From 2024 filing

Name	Title	Hours	Compensation
PATRICIA A MCGINTY	CEO	20	—
SHANE MCGINTY	TRUSTEE	20	—

Frequently Asked Questions

How large is The Alice & Patrick Mcginty Foundation?

As of 2024, The Alice & Patrick Mcginty Foundation holds $1.5M in total assets with $84K in annual revenue.

Where does The Alice & Patrick Mcginty Foundation operate?

The Alice & Patrick Mcginty Foundation has awarded grants in Ohio.

How much is The Alice & Patrick Mcginty Foundation required to give away each year?

Private foundations must generally distribute about 5% of their assets annually. For 2024, The Alice & Patrick Mcginty Foundation reported a distributable amount of $177K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.

What is The Alice & Patrick Mcginty Foundation's EIN?

The Alice & Patrick Mcginty Foundation's EIN (Employer Identification Number) is 34-1643124. IRS Form 990 filing data is available on this page for 2018–2024.