The Mccarthy Charities Inc
The McCarthy Charities Inc is a private foundation based in Troy, New York, incorporated in 1917. It operates as a 501(c)(3) organization with a focus on philanthropic giving across multiple sectors including arts and culture, education, health, human services, and religion.
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$11.7M
+4.6% YoY
Annual Giving
$592K
+9.7% YoY
Grant Count
48
-15.8% YoY
Avg Grant Size
$12K
+30.2% YoY
Under IRS private-foundation payout rules, The Mccarthy Charities Inc reported a distributable amount of $640K for 2024 — the minimum it must pay out in qualifying distributions.
Mission & Focus Areas
The organization's primary purpose is giving for local Roman Catholic church support and church-related education and welfare agencies. The foundation also supports community funds, social service agencies, and local hospitals.
Primary funding areas include:
- Arts and culture
- Education
- Religion, with particular emphasis on Christianity and Catholicism
- Health and in-patient medical care
- Human services
- Philanthropy and voluntarism
Grantmaking
In 2024, the foundation made 106 grants totaling $649,801. Recent notable grants include:
Grant Range
$100 to $70,000
Average Grant
amount varies by program
How to Apply
**
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Geographic Focus
Where this funder awards grants
The foundation primarily operates in:
- New York (with particular focus on Rensselaer County)
- Maryland
- Washington, D.C.
Specific cities where funding occurs include Albany, Baltimore, Schenectady, Troy, and Loudonville.
Grant Distribution by State
Cities
Financial History
Multi-year comparison from IRS filings
Most Recent Financial Data (2024):
- Total Assets: $11,651,776
- Total Annual Giving: $591,905 to $649,801
- Annual Revenue: $1,212,128
- Total Expenses: $704,506
- Giving Rate: 5.7%
The foundation operates with a deficit, with expenses exceeding revenue in recent years.
| Metric | 2024 | 2023 | 2022 |
|---|---|---|---|
| Total Assets | $11,651,776 | $11,144,154 | $11,260,377 |
| Revenue | $1,212,128 | $527,283 | $323,094 |
| Expenses | $704,506 | $643,506 | $705,172 |
| Qualifying Distributions | $649,801 | $594,258 | $622,674 |
| Net Investment Income | $1,158,540 | $478,035 | $264,137 |
| Distributable Amount | $639,655 | $593,344 | $619,608 |
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
248 grants across all recorded years
Giving History
Grant recipients and amounts by year
Among its reported 2024 grants, the largest include Commission on Economic Opportunity for the Greater Capital Region ($50,000), Emma Willard School ($50,000), Troy Savings Bank Music Hall ($33,000).
| Recipient | Purpose | Amount |
|---|---|---|
| 518 ELEVATED (CAPITAL REGION SPONSOR-A-SCHOLAR INC) ALBANY, NY | PATHWAYS TO COLLEGE PROGRAM | $10,000 |
| ACADEMY OF THE HOLY NAMES ALBANY, NY | PARTNERS IN EDUCATION SCHOLARSHIP PROGRAM | $10,000 |
| AGRICULTURAL STEWARDSHIP ASSOCIATION GREENWICH, NY | COMMUNITY ENGAGEMENT PLAN IN ACTION | $10,000 |
| ARK INC TROY, NY | GENERAL OPERATING ASSISTANCE FOR THE 2024-2025 SCHOOL YEAR | $10,000 |
| ARTS CENTER OF THE CAPITAL REGION TROY, NY | THE FISH MARKET PROJECT | $5,000 |
| BOYS & GIRLS CLUBS OF THE CAPITAL AREA - TROY BRANCH ALBANY, NY | 2024 SUMMER CAMP PROGRAM | $10,000 |
| BOYS & GIRLS CLUBS OF THE CAPITAL AREA - TROY CLUBHOUSE ALBANY, NY | FREIGHT FARM AND OUTDOOR CLASSROOM | $5,000 |
| CAPITAL DISTRICT YMCA - TROY BRANCH ALBANY, NY | SUMMER CAMP 2024 | $25,000 |
| CAPITAL DISTRICT YMCA - TROY BRANCH ALBANY, NY | UNRESTRICTED | $200 |
| CAPITAL DISTRICT YMCA - TROY BRANCH ALBANY, NY | UNRESTRICTED | $375 |
Leadership & Key People
Leadership team and compensation from IRS filings
The foundation is managed by a volunteer board of directors and officers, including many McCarthy family members who serve without compensation:
- Denis McCarthy, President
- Bridget McCarthy, Treasurer
- Jane McCarthy, Secretary
- Brenden McCarthy, Vice President
- Pamela McCarthy, Vice President
- Rosanne Lobitz, Vice President
- Lucy McCarthy, Director
- Flora M Drury, Director
- Colin Beauvais, Director
- Russell Connally, Director
Compensation Overview
From 2024 IRS filing
From 2024 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| COLIN BEAUVAIS | DIRECTOR | 1 | — |
| RUSSELL CONNALLY | DIRECTOR | 1 | — |
| FLORA M DRURY | DIRECTOR | 1 | — |
| ROSANNE LOBITZ | VICE PRESIDENT | 2 | — |
| BRENDEN MCCARTHY | VICE PRESIDENT | 1 | — |
| BRIDGET MCCARTHY | TREASURER | 4 | — |
| DENIS MCCARTHY | PRESIDENT | 4 | — |
| JANE MCCARTHY | SECRETARY | 1 | — |
| LUCY MCCARTHY | DIRECTOR | 2 | — |
| PAMELA MCCARTHY | VICE PRESIDENT | 2 | — |
| ROBERT P MCCARTHY | DIRECTOR | 2 | — |
| WINIFRED MCCARTHY | VICE PRESIDENT | 2 | — |
| MARION SHERIDAN | DIRECTOR | 1 | — |
| ALEX RASMUSSEN | DIRECTOR | 1 | — |
| HALEY RASMUSSEN | DIRECTOR | 1 | — |
Recent News & Activity
Recent developments and announcements
The foundation continues active grantmaking with 106 grants awarded in 2024. Recent recipients include local educational institutions, community resource centers, and cultural organizations in the Troy and Capital Region areas. The foundation maintains an active presence in supporting youth programs, scholarships, and community development initiatives throughout its service areas.
Farm Credit East donates $5,000 to McCarthy Foundation - Olean Times HeraldFrequently Asked Questions
What does The Mccarthy Charities Inc fund?
The organization's primary purpose is giving for local Roman Catholic church support and church-related education and welfare agencies. The foundation also supports community funds, social service agencies, and local hospitals. Primary funding areas include: • Arts and culture • Education • Religion, with particular emphasis on Christianity and Catholicism • Health and in-patient medical care • Human services • Philanthropy and voluntarism
How do I apply for a grant from The Mccarthy Charities Inc?
**Grant Characteristics:** • Typical grant range: $100 to $70,000 • Median grant amount: $10,000 • Average grant amount varies by program **Grant Programs:** • Unrestricted grants (averaging $2,469, 35 recipients) • General operating support (averaging $8,925, 21 recipients) • Pathways to College Program (averaging $13,333, 2 recipients) • Community Resources Food Pantry (averaging $10,000, 2 recipients) • Youth programs and summer initiatives • Membership support **Recent Grant Activity:** In …
Where does The Mccarthy Charities Inc make grants?
The foundation primarily operates in: • New York (with particular focus on Rensselaer County) • Maryland • Washington, D.C. Specific cities where funding occurs include Albany, Baltimore, Schenectady, Troy, and Loudonville.
What size grants does The Mccarthy Charities Inc award?
In 2024, The Mccarthy Charities Inc awarded 48 grants totaling $592K — an average of about $12K per grant, based on its IRS Form 990 filings.
How much is The Mccarthy Charities Inc required to give away each year?
Private foundations must generally distribute about 5% of their assets annually. For 2024, The Mccarthy Charities Inc reported a distributable amount of $640K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.
What is The Mccarthy Charities Inc's EIN?
The Mccarthy Charities Inc's EIN (Employer Identification Number) is 14-6019064. IRS Form 990 filing data is available on this page for 2020–2024.
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Data last updated June 2026. Sourced from IRS Form 990-PF filings. Research dossier generated April 2026.
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