The John & Karin McCormick Foundation Inc
The John & Karin McCormick Foundation Inc is a private foundation, based in Watch Hill, RI. IRS filing data is available from 2021 through 2025. In 2025, it awarded 3 grants totaling $138K. Net investment income was $40K.
Key facts about The John & Karin McCormick Foundation Inc
In short: The John & Karin McCormick Foundation Inc gave $138K across 3 grants in 2025 (avg $46K), mostly in Pennsylvania. Source: 2025 IRS Form 990-PF.
- EIN
- 05-0426399
- Latest 990 filing
- Form 990-PF, 2025
- Annual giving (2025)
- $137,924
- Grants made (2025)
- 3
- Average grant
- $45,975
- Median grant
- $41,400
- Primary geography
- Pennsylvania (70% of itemized 2025 grant dollars)
Data from IRS Form 990-PF, 2025; updated September 2026.
Financial Overview
From 2025 IRS Form 990-PF · View filing
Total Assets
—
Annual Giving
$138K
+246.1% YoY
Grant Count
3
+200.0% YoY
Avg Grant Size
$46K
+15.4% YoY
Under IRS private-foundation payout rules, The John & Karin McCormick Foundation Inc reported a distributable amount of $4K for 2025 — the minimum it must pay out in qualifying distributions.
How The John & Karin McCormick Foundation Inc gives
- Giving grew 736% from 2022 to 2025. Method
- In 2025 it paid out well above its IRS minimum distribution (the 5% rule). Method
From the foundation's IRS Form 990-PF filings. Methodology.
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Geographic Focus
Where this funder awards grants
Grant Distribution by State
Share of 2025 grant dollars across all 3 itemized grants.
States
Cities
Giving Over Time
Total grant dollars and number of grants per year
From 2021 to 2025, annual grant giving ranged from $14K (2021) to $138K (2025). In 2025 it made 3 grants totaling $138K.
Grant Insights
How this funder distributes its grants
Top Recipients
Top 2 recipients in 2025
The largest 2025 recipient was National Philanthropic Trust ($97K across 2 grants). Together the top 2 received $138K.
Grant Size Distribution
7 grants across all recorded years
The most common grant size was under $50K: 6 grants of 7 (86%).
Giving History
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| National Philanthropic Trust Jenkintown, PA | Final Distribution of Assets on Diss | $84,603 |
| See List Attached Watchhill, RI | Annual Fund or Building Fund | $41,400 |
| National Philanthropic Trust Jenkintown, PA | Final Distribution of Assets on Diss | $11,921 |
Financial History
Multi-year comparison from IRS filings
| Metric | 2025 | 2024 | 2023 |
|---|---|---|---|
| Total Assets | — | $48,909 | $70,572 |
| Revenue | $39,553 | $21,386 | $97,622 |
| Expenses | $143,484 | $42,500 | $37,678 |
| Qualifying Distributions | $137,924 | $39,850 | $34,750 |
| Net Investment Income | $39,553 | $21,386 | $38,886 |
| Distributable Amount | $3,547 | $5,687 | $2,745 |
Data update history
When this profile's IRS filing data changed on Grantable
- IRS filings on file for fiscal years 2021–2025
Leadership & Key People
Officers and directors from IRS filings
The John & Karin McCormick Foundation Inc is led by Karin McCormick, President on every filing since 2021; none of the 3 officers listed in 2025 report compensation.
Officers on the 2025 filing
Karin McCormick
President
On filings since 2021
5 hrs/week
No compensation reported
Lisa Mannix
Director
On filings since 2021
2 hrs/week
No compensation reported
Brian McCormick
Vice President
On filings since 2021
2 hrs/week
No compensation reported
Data from IRS Form 990 filings, 2021–2025. "On filings since" is the earliest filing we hold that lists the person; hours are average hours per week as reported.
Frequently asked questions about The John & Karin McCormick Foundation Inc
How much does The John & Karin McCormick Foundation Inc give each year?
The John & Karin McCormick Foundation Inc gave $138K across 3 grants in 2025, according to its 2025 IRS Form 990-PF. In 2024 it gave $40K across 1 grant.
What is The John & Karin McCormick Foundation Inc's typical grant size?
The John & Karin McCormick Foundation Inc's median grant in 2025 was $41,400, and its average grant was $45,975, across 3 grants on its 2025 IRS Form 990-PF.
Where does The John & Karin McCormick Foundation Inc give grants?
The John & Karin McCormick Foundation Inc gives mostly in Pennsylvania: 70% of the grant dollars itemized on its 2025 IRS Form 990-PF went to recipients there. The next largest state was Rhode Island (30%). The most frequent recipient cities were Jenkintown, PA (2 grants).
Does The John & Karin McCormick Foundation Inc give general operating support?
Yes: 33% of The John & Karin McCormick Foundation Inc's 2025 grants with a stated purpose (1 of 3) were for general or operating support, per its 2025 IRS Form 990-PF.
How much is The John & Karin McCormick Foundation Inc required to give away each year?
Private foundations must generally distribute about 5% of their assets annually. For 2025, The John & Karin McCormick Foundation Inc reported a distributable amount of $4K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.
What is The John & Karin McCormick Foundation Inc's EIN?
The John & Karin McCormick Foundation Inc's EIN (Employer Identification Number) is 05-0426399. IRS Form 990 filing data is available on this page for 2021–2025.
Data last updated September 2026. Sourced from IRS Form 990-PF filings.
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