The Foster G Mcgaw Educational Foundation
The Foster G Mcgaw Educational Foundation is a private foundation, based in CHICAGO, IL. IRS filing data is available from 2019 through 2024. As of 2024, the organization holds $1.2M in total assets. In 2024, it awarded 8 grants totaling $37K. Net investment income was $97K.
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$1.2M
+4.0% YoY
Annual Giving
$37K
+7.4% YoY
Grant Count
8
+166.7% YoY
Avg Grant Size
$5K
-59.7% YoY
Under IRS private-foundation payout rules, The Foster G Mcgaw Educational Foundation reported a distributable amount of $60K for 2024 — the minimum it must pay out in qualifying distributions.
About The Foster G Mcgaw Educational Foundation
Based on IRS filings
The Foster G Mcgaw Educational Foundation is a private foundation, based in CHICAGO, IL. IRS filing data is available from 2019 through 2024. As of 2024, the organization holds $1.2M in total assets. In 2024, it awarded 8 grants totaling $37K. Net investment income was $97K.
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Geographic Focus
Where this funder awards grants
Grant Distribution by State
Cities
Financial History
Multi-year comparison from IRS filings
| Metric | 2024 | 2023 | 2022 |
|---|---|---|---|
| Total Assets | $1,223,964 | $1,177,252 | $1,173,386 |
| Revenue | $97,282 | $39,474 | $34,081 |
| Expenses | $50,571 | $35,471 | $51,599 |
| Qualifying Distributions | $49,309 | $34,432 | $49,999 |
| Net Investment Income | $97,060 | $38,435 | $33,093 |
| Distributable Amount | $59,523 | $59,316 | $60,005 |
Giving Over Time
Total grant dollars and number of grants per year
Grant Insights
How this funder distributes its grants
Top Recipients
Top 8 recipients in 2024
Grant Size Distribution
17 grants across all recorded years
Giving History
Grant recipients and amounts by year
Among its reported 2024 grants, the largest include Northwestern University ($10,000), Clearbrook ($5,000), Staibdane ($5,000).
| Recipient | Purpose | Amount |
|---|---|---|
| CLEARBROOK ARLINGTON HEIGHTS, IL | CHILD INITIATIVE | $5,000 |
| DAVIDSON COLLEGE DAVIDSON, NC | GENERAL OPERATING FUND | $2,500 |
| NORTHWESTERN UNIVERSITY EVANSON, IL | KELLOGG SCHOOL OF MANAGEMENT AND ATHLETIC PROGRAM. | $10,000 |
| MARTHA GRAHAM DANCE COMPANY NEW YORK, NY | GENERAL OPERATIONS | $3,000 |
| STAIBDANE BOSTON, MA | GENERAL OPERATIONS | $5,000 |
| PHILLIPS EXETER ACADEMY EXETER, NH | GENERAL OPERATIONS | $5,000 |
| UNIVERSITY OF PENNSYLVANIA PHILADELPHIA, PA | GENERAL OPERATIONS | $3,000 |
| UNIVERSITY OF CHICAGO CHICAGO, IL | GENERAL OPERATIONS | $3,000 |
Leadership & Key People
Officers and directors from IRS filings
Compensation Overview
From 2024 IRS filing
From 2024 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| MARGARET C VAIL | PRESIDENT, DIRECTOR | 0.5 | — |
| JAMES D VAIL IV | EXE VP, SEC, AST SEC, DIR | 0.5 | — |
| JOHN F VAIL | VP, TREASURER, DIRECTOR | 0.5 | — |
| JAMES D VAIL V | VICE PRESIDENT, DIRECTOR | 0.5 | — |
Frequently Asked Questions
How large is The Foster G Mcgaw Educational Foundation?
As of 2024, The Foster G Mcgaw Educational Foundation holds $1.2M in total assets with $97K in annual revenue. It awarded 8 grants totaling $37K in 2024.
Where does The Foster G Mcgaw Educational Foundation operate?
The Foster G Mcgaw Educational Foundation has awarded grants in California, Illinois, Massachusetts, North Carolina, New Hampshire, New York, Pennsylvania.
What size grants does The Foster G Mcgaw Educational Foundation award?
In 2024, The Foster G Mcgaw Educational Foundation awarded 8 grants totaling $37K — an average of about $5K per grant, based on its IRS Form 990 filings.
How much is The Foster G Mcgaw Educational Foundation required to give away each year?
Private foundations must generally distribute about 5% of their assets annually. For 2024, The Foster G Mcgaw Educational Foundation reported a distributable amount of $60K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.
What is The Foster G Mcgaw Educational Foundation's EIN?
The Foster G Mcgaw Educational Foundation's EIN (Employer Identification Number) is 36-3131160. IRS Form 990 filing data is available on this page for 2019–2024.
Explore Open Grants
Browse active grant opportunities in The Foster G Mcgaw Educational Foundation's focus areas in our free grants database
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Data last updated April 2026. Sourced from IRS Form 990-PF filings.