The McCarthy Charities Inc
The McCarthy Charities Inc is a private foundation based in Troy, New York. Its 2025 grants supported organizations working in areas including education, arts and culture, community services, recreation, and conservation.
The McCarthy Charities Inc at a glance
In short: The McCarthy Charities Inc gave $627K across 58 grants in 2025 (avg $11K), mostly in New York. 15% of 2025 grantees were new. Source: 2025 IRS Form 990-PF.
- Annual giving (2025)
- $626,645
- +5.9% vs 2024
- Grants made (2025)
- 58
- +20.8% vs 2024
- Average grant
- $10,804
- -12.4% vs 2024
- Median grant
- $10,000
- Total assets
- $11,705,737
- +0.5% vs 2024
- New grantees (estimate)
- 15% first-time grantees (6 of 41, 2025)
- Primary geography
- New York (100% of itemized 2025 grant dollars)
- Latest 990 filing
- Form 990-PF, 2025 View filing
Data from IRS Form 990-PF, 2025; updated October 2026. New grantees are estimated by matching recipient names across years (methodology).
How to apply to The McCarthy Charities Inc
- Accepts unsolicited proposals
- No
- How to Apply
-
The foundation makes contributions only to preselected charitable organizations and does not accept unsolicited requests for funds.
- Contact
Mailing address: PO Box 1090, Troy, NY 12181-1090
Phone: (518) 265-9343
Application details from Grantable's research on the foundation's public materials; confirm on its website before applying.
Who The McCarthy Charities Inc funds
How this funder distributes its grants
Top Recipients
Top 10 recipients in 2025
The largest 2025 recipient was Commission on Economic Opportunity for the Greater Capital Region ($70K across 3 grants). Together the top 10 received $355K.
Organizations only. It also paid 2 individual scholarships ($15,000), which are not listed by name.
Grant Size Distribution
321 grants across all recorded years
The most common grant size was under $50K: 314 grants of 321 (98%).
Geographic Focus
Where this funder awards grants
All reported 2025 grant dollars went to recipients in New York. Listed recipients include organizations in Troy and other Capital Region communities.
Grant Distribution by State
Share of 2025 grant dollars across all 58 itemized grants.
Cities
Is The McCarthy Charities Inc open to new grantees?
15%
first-time grantees, 2025
In 2025, 6 of 41 grantees (15%) were first-time recipients. First grants averaged $10K; repeat grants $15K. How we count
Medians: $8K first-time, $10K repeat.
- 61% of 2025 grantees were also funded in 2024. Method
- Giving held roughly steady from 2022 to 2025 (+9%). Method
- In 2025 it paid out 99% of its IRS minimum distribution (the 5% rule). Foundations have until the end of the next year to meet it. Method
Estimate from itemized grant lists in IRS Form 990-PF filings (2019–2025). Recipient names are matched across years, so a renamed or misspelled grantee can look new; grants to individuals are left out. Methodology.
Giving History
Giving Over Time
Total grant dollars and number of grants per year
From 2019 to 2025, annual grant giving ranged from $540K (2019) to $660K (2021). In 2025 it made 58 grants totaling $627K.
Grants by year
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| Commission on Economic Opportunity for the Greater Capital Region Troy, NY | Ceo's Community Resource Center Bridge Building | $50,000 |
| Emma Willard School Troy, NY | Alice dodge wallace '38 center for the performing arts | $50,000 |
| East Side Neighborhood Recreation Center - Hope 7 Troy, NY | Renovations Resulting from Flood Damage | $35,000 |
| Troy Savings Bank Music Hall Troy, NY | Rensaissance 150, Historic Transformation Capital Project | $33,000 |
| Capital District YMCA - Troy Branch Albany, NY | Summer Camp 2025 | $30,000 |
| Media Alliancesanctuary for Independent Media Troy, NY | Youth STEM Education, Water Justice Lab, Ap Program | $23,000 |
| Hudson Valley Community College Foundation Troy, NY | Applied Technology Education Center (Atec) | $20,000 |
| Questar III Boceseducation Foundation Castletononhudson, NY | Questar III STEM Research Institute | $20,000 |
| Sidewalk Warriors - Troy Troy, NY | Refrigeration Van | $20,000 |
| Troy Public School 2 PTA Troy, NY | Family STEM Engagement Program at School 2 | $20,000 |
Ready to take the next step with The McCarthy Charities Inc?
Financial History
Multi-year comparison from IRS filings
| Filing year | Total Assets | Revenue | Expenses | Grants paid | Grants | Qualifying Distributions | Net Investment Income | Distributable Amount |
|---|---|---|---|---|---|---|---|---|
| 2025 | $11,705,737 | $803,795 | $749,834 | $626,645 | 58 | $668,371 | $748,036 | $677,298 |
| 2024 | $11,651,776 | $1,212,128 | $704,506 | $591,905 | 48 | $649,801 | $1,158,540 | $639,655 |
| 2023 | $11,144,154 | $527,283 | $643,506 | $539,760 | 57 | $594,258 | $478,035 | $593,344 |
| 2022 | $11,260,377 | $323,094 | $705,172 | $576,100 | 64 | $622,674 | $264,137 | $619,608 |
| 2021 | $11,642,455 | $1,066,547 | $763,226 | $660,366 | 94 | $705,691 | $1,009,012 | $708,480 |
| 2020 | $11,339,134 | $302,721 | $664,299 | $562,360 | 106 | — | $252,923 | $604,034 |
| 2019 | $11,700,712 | $1,891,050 | $645,173 | $539,539 | 86 | — | $1,830,850 | $572,414 |
Under IRS private-foundation payout rules, The McCarthy Charities Inc reported a distributable amount of $677K for 2025 — the minimum it must pay out in qualifying distributions.
Research compiled by Grantable AI from public sources. Last updated September 2026.
Mission & Focus Areas
No mission statement for the foundation is provided. Its 2025 grants show support for a range of organizations and projects. For example, Emma Willard School describes itself as a privately operated school for girls in grades 9 through 12, and Troy Savings Bank Music Hall Corporation says its mission is to enrich the community and inspire passion for the creative arts through performances, community events, collaboration, and education. Hudson Taconic Lands says it works to promote and facilitate conservation of forests and other ecologically important areas in Rensselaer County and beyond.
Other supported organizations describe work in food assistance, health care, housing, youth programs, and education. For instance, Sidewalk Warriors Troy says it provides food and supplies to people and organizations in the Capital Region, while Whitney M. Young, Jr. Health Center says it delivers equitable, accessible, quality care.
Grantmaking
In 2025, the foundation reported 58 grants totaling $626,645. Grant amounts ranged from $120 to $50,000, with a median of $10,000. Among the largest awards were $50,000 to the Commission on Economic Opportunity for the Greater Capital Region for its Community Resource Center Bridge Building, and $50,000 to Emma Willard School for the Alice Dodge Wallace ’38 Center for the Performing Arts. Other notable grants included $35,000 to East Side Neighborhood Recreation Center – Hope 7 for flood-damage renovations, $33,000 to Troy Savings Bank Music Hall for a historic transformation capital project, and $30,000 to Capital District YMCA – Troy Branch for summer camp.
Leadership & Key People
Leadership team and compensation from IRS filings
The 2025 filing lists Denis McCarthy as president; Bridget McCarthy as treasurer; Jane McCarthy as secretary; Rosanne Lobitz, Brenden McCarthy, and Pamela McCarthy as vice presidents; and Colin Beauvais, Russell Connally, Flora M. Drury, and Lucy McCarthy as directors.
The McCarthy Charities Inc is led by Denis McCarthy, President since 2022 (on filings since 2019); none of the 16 officers listed in 2025 report compensation.
Officers on the 2025 filing
Denis McCarthy
President
Vice President → Vice President & President, 2021
Vice President & President → President, 2022
On filings since 2019
4 hrs/week
No compensation reported
Alex Rasmussen
Director
On filings since 2019
1 hr/week
No compensation reported
Flora M. Drury
Director
On filings since 2019
1 hr/week
No compensation reported
Haley Rasmussen
Director
On filings since 2019
1 hr/week
No compensation reported
Lucy McCarthy
Director
President → President & Director, 2021
President & Director → Director, 2022
On filings since 2019
2 hrs/week
No compensation reported
Marion Sheridan
Director
On filings since 2019
1 hr/week
No compensation reported
Robert P. McCarthy
Director
Treasurer → Director, 2022
On filings since 2019
2 hrs/week
No compensation reported
Russell Connally
Director
On filings since 2019
1 hr/week
No compensation reported
Colin Beauvais
Director
On filings since 2022
1 hr/week
No compensation reported
Adele McCarthy-Beauvais
Director
New on the 2025 filing
1 hr/week
No compensation reported
Brenden McCarthy
Vice President
Director → Director & Vice President, 2021
Director & Vice President → Vice President, 2022
On filings since 2019
1 hr/week
No compensation reported
Bridget McCarthy
Treasurer
Director → Treasurer, 2022
On filings since 2019
4 hrs/week
No compensation reported
Pamela McCarthy
Vice President
On filings since 2019
2 hrs/week
No compensation reported
Rosanne Lobitz
Vice President
Secretary → Vice President, 2021
On filings since 2019
2 hrs/week
No compensation reported
Winifred McCarthy
Vice President
On filings since 2019
2 hrs/week
No compensation reported
Jane McCarthy
Secretary
Director → Secretary, 2024
On filings since 2023
1 hr/week
No compensation reported
Former officers (2)
- Former: Kate Sheridan (2019–2023) — Secretary
- Former: Laura McCarthy (2019–2021) — Director
Data from IRS Form 990 filings, 2019–2025. "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 McCarthy Charities Inc
How much does The McCarthy Charities Inc give each year?
The McCarthy Charities Inc gave $627K across 58 grants in 2025, according to its 2025 IRS Form 990-PF. In 2024 it gave $592K across 48 grants.
What is The McCarthy Charities Inc's typical grant size?
The McCarthy Charities Inc's median grant in 2025 was $10,000, and its average grant was $10,804, across 58 grants on its 2025 IRS Form 990-PF. Organizations receiving their first grant from The McCarthy Charities Inc that year got $10K on average.
Where does The McCarthy Charities Inc give grants?
The McCarthy Charities Inc gives mostly in New York: 100% of the grant dollars itemized on its 2025 IRS Form 990-PF went to recipients there. The most frequent recipient cities were Troy, NY (40 grants), Albany, NY (7 grants) and Schenectady, NY (2 grants).
Does The McCarthy Charities Inc give general operating support?
Yes: 33% of The McCarthy Charities Inc's 2025 grants with a stated purpose (19 of 58) were for general or operating support, per its 2025 IRS Form 990-PF.
Who are The McCarthy Charities Inc's largest grantees?
The McCarthy Charities Inc's largest 2025 grantees include Commission on Economic Opportunity for the Greater Capital Region ($70,000 across 3 grants), Emma Willard School ($50,000) and East Side Neighborhood Recreation Center - Hope 7 ($46,500 across 3 grants), according to its 2025 IRS Form 990-PF. It also paid 2 individual scholarships ($15,000), which are not listed by name. Together they received 27% of its itemized 2025 grant dollars.
How large is The McCarthy Charities Inc?
The McCarthy Charities Inc reported $11.7M in total assets on its 2025 IRS Form 990-PF. It paid out $668K in qualifying distributions that year, against a required minimum of $677K (roughly 5% of its investment assets). Falling short in one year is not a violation: foundations have until the end of the next year to meet the minimum.
What does The McCarthy Charities Inc fund?
No mission statement for the foundation is provided. Its 2025 grants show support for a range of organizations and projects. See mission & focus areas ↑
How do I apply for a grant from The McCarthy Charities Inc?
The foundation makes contributions only to preselected charitable organizations and does not accept unsolicited requests for funds. Eligibility and process details are in the grantmaking section of this profile. See how to apply ↑
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 2019–2025.
Does The McCarthy Charities Inc accept unsolicited proposals?
No, according to Grantable's research on the foundation's published guidelines. See how to apply ↑
Data last updated October 2026. Sourced from IRS Form 990-PF filings. Research dossier generated September 2026.
Data update history
(8)
When this profile's IRS filing data changed on Grantable
- Updated Form 990-PF for fiscal year 2019 (received by the IRS July 13, 2020)
- Updated Form 990-PF for fiscal year 2020 (received by the IRS May 14, 2021)
- Updated Form 990-PF for fiscal year 2021 (received by the IRS May 16, 2022)
- Updated Form 990-PF for fiscal year 2022 (received by the IRS July 18, 2023)
- Updated Form 990-PF for fiscal year 2023 (received by the IRS May 13, 2024)
- Updated Form 990-PF for fiscal year 2024 (received by the IRS April 11, 2025)
- Updated Form 990-PF for fiscal year 2025 (received by the IRS March 30, 2026)
- IRS filings on file for fiscal years 2019–2025
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Cite this profile
Grantable. (2026). The McCarthy Charities Inc funder profile. GrantGraph. Retrieved October 12, 2026, from https://grantable.co/funders/the-mccarthy-charities-inc-morg_d3f42eaba1ea4ba3a5292256ff935442
BibTeX
@misc{grantable_146019064_2026,
author = {{Grantable}},
title = {{The McCarthy Charities Inc funder profile}},
howpublished = {GrantGraph},
year = {2026},
url = {https://grantable.co/funders/the-mccarthy-charities-inc-morg_d3f42eaba1ea4ba3a5292256ff935442},
note = {Accessed 2026-10-12. Data licensed CC BY 4.0}
}The figures on this page are open data under CC BY 4.0: reuse them with credit to Grantable and a link. Download the data.
Figures come from The McCarthy Charities 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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