The John & Karin McCormick Foundation Inc

Private foundation · Grantmaker Watch Hill, RI EIN: 05-0426399

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.

The John & Karin McCormick Foundation Inc at a glance

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.

Annual giving (2025)
$137,924
+246.1% vs 2024
Grants made (2025)
3
+200.0% vs 2024
Average grant
$45,975
+15.4% vs 2024
Median grant
$41,400
Primary geography
Pennsylvania (70% of itemized 2025 grant dollars)
Latest 990 filing
Form 990-PF, 2025 View filing

Data from IRS Form 990-PF, 2025; updated September 2026.

Who The John & Karin McCormick Foundation Inc funds

How this funder distributes its grants

Top Recipients

Top 2 recipients in 2025

National Philanthropic Trust: $97K across 2 grantsNational Philanthropic Trust$97K · 2 grantsSee List Attached: $41KSee List Attached$41K

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

6<$50K1$50–100K$100–250K$250–500K$500K–1M$1–5M$5M+

The most common grant size was under $50K: 6 grants of 7 (86%).

Geographic Focus

Where this funder awards grants

Grant Distribution by State

2states

Share of 2025 grant dollars across all 3 itemized grants.

Cities

WatchhillJenkintown

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.

Giving History

Giving Over Time

Total grant dollars and number of grants per year

$0$50K$100K$150K1 grant2021 1 grant2022 1 grant2023 1 grant2024 3 grants2025

From 2021 to 2025, annual grant giving ranged from $14K (2021) to $138K (2025). In 2025 it made 3 grants totaling $138K.

Grants by year

Grant recipients and amounts by year

RecipientPurposeAmount
National Philanthropic Trust Jenkintown, PAFinal Distribution of Assets on Diss$84,603
See List Attached Watchhill, RIAnnual Fund or Building Fund$41,400
National Philanthropic Trust Jenkintown, PAFinal Distribution of Assets on Diss$11,921
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Financial History

Multi-year comparison from IRS filings

Figures from IRS filings, by filing year
Filing yearTotal AssetsRevenueExpensesGrants paidGrantsQualifying DistributionsNet Investment IncomeDistributable Amount
2025—$39,553$143,484$137,9243$137,924$39,553$3,547
2024$48,909$21,386$42,500$39,8501$39,850$21,386$5,687
2023$70,572$97,622$37,678$34,7501$34,750$38,886$2,745
2022$10,887$19,165$19,050$16,5001$16,500$18,664$219
2021$11,046$20,290$16,500$13,9501—$19,685$183

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.

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.

Data update history

(1)

When this profile's IRS filing data changed on Grantable

  1. IRS filings on file for fiscal years 2021–2025

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The filing figures on this page are open data under CC BY 4.0. About GrantGraph Open

Figures come from The John & Karin McCormick Foundation Inc'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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