The Mccarthy Family Foundation is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in PEABODY, MA. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $1.2M in total assets. In 2024, it awarded 23 grants totaling $121K. Net investment income was $84K.
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$1.2M
-3.8% YoY
Annual Giving
$121K
-13.4% YoY
Grant Count
23
+21.1% YoY
Avg Grant Size
$5K
-28.4% YoY
Under IRS private-foundation payout rules, The Mccarthy Family Foundation reported a distributable amount of $130K for 2024 — the minimum it must pay out in qualifying distributions.
About The Mccarthy Family Foundation
Based on IRS filings
The Mccarthy Family Foundation is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in PEABODY, MA. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $1.2M in total assets. In 2024, it awarded 23 grants totaling $121K. Net investment income was $84K.
Focus Areas
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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 | $1,195,493 | $1,243,218 | $1,307,449 |
| Revenue | $95,701 | $89,886 | $87,136 |
| Expenses | $143,312 | $152,795 | $119,578 |
| Qualifying Distributions | $131,336 | $145,886 | $110,020 |
| Net Investment Income | $83,727 | $82,977 | $76,458 |
| Distributable Amount | $130,321 | $114,627 | $115,313 |
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
82 grants across all recorded years
Giving History
Grant recipients and amounts by year
Among its reported 2024 grants, the largest include Camp Harbor View Foundation ($30,000), City of Peabody ($20,000), Francis Ouimet Scholarship Fund ($10,000).
| Recipient | Purpose | Amount |
|---|---|---|
| AMERICAN HEART DALLAS, TX | PRIMARY PURPOSE OF THE FOUNDATION TO MEET IRS MINIMUM DISTRIBUTION | $1,000 |
| CARE DIMENSIONS DANVERS, MA | PRIMARY PURPOSE OF THE FOUNDATION TO MEET IRS MINIMUM DISTRIBUTION | $500 |
| CAMP HARBOR VIEW FOUNDATION BOSTON, MA | PRIMARY PURPOSE OF THE FOUNDATION TO MEET IRS MINIMUM DISTRIBUTION | $30,000 |
| CATHOLIC CHARITIES OF BOSTON BOSTON, MA | PRIMARY PURPOSE OF THE FOUNDATION TO MEET IRS MINIMUM DISTRIBUTION | $1,000 |
| CITIZENS INN PEABODY, MA | PRIMARY PURPOSE OF THE FOUNDATION TO MEET IRS MINIMUM DISTRIBUTION | $2,500 |
| CITY OF PEABODY PEABODY, MA | PRIMARY PURPOSE OF THE FOUNDATION TO MEET IRS MINIMUM DISTRIBUTION | $20,000 |
| FRANCIS OUIMET SCHOLARSHIP FUND NORTON, MA | PRIMARY PURPOSE OF THE FOUNDATION TO MEET IRS MINIMUM DISTRIBUTION | $10,000 |
| JPS FUND INC MARBLEHEAD, MA | PRIMARY PURPOSE OF THE FOUNDATION TO MEET IRS MINIMUM DISTRIBUTION | $2,500 |
| LAHEY HOSPITAL & MEDICAL CENTER PEABODY, MA | PRIMARY PURPOSE OF THE FOUNDATION TO MEET IRS MINIMUM DISTRIBUTION | $5,000 |
| LYNNFIELD SENIOR CENTER LYNNFIELD, MA | PRIMARY PURPOSE OF THE FOUNDATION TO MEET IRS MINIMUM DISTRIBUTION | $500 |
Leadership & Key People
Officers and directors from IRS filings
Compensation Overview
From 2024 IRS filing
From 2024 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| ARTHUR E MCCARTHY | TRUSTEE | — | — |
| JOHN M MCCARTHY | TRUSTEE | — | — |
| DONNA M MCCARTHY | TRUSTEE | — | — |
| ARTHUR T MCCARTHY | TRUSTEE | — | — |
| BRIAN E MCCARTHY | TRUSTEE | — | — |
Subject Areas
Focus areas based on grantmaking activity
Frequently Asked Questions
What is The Mccarthy Family Foundation?
The Mccarthy Family Foundation is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in PEABODY, MA. It holds $1.2M in total assets as of 2024.
How large is The Mccarthy Family Foundation?
As of 2024, The Mccarthy Family Foundation holds $1.2M in total assets with $96K in annual revenue. It awarded 23 grants totaling $121K in 2024.
Where does The Mccarthy Family Foundation operate?
The Mccarthy Family Foundation has awarded grants in Illinois, Massachusetts, New York, Tennessee, Texas.
What size grants does The Mccarthy Family Foundation award?
In 2024, The Mccarthy Family Foundation awarded 23 grants totaling $121K — an average of about $5K per grant, based on its IRS Form 990 filings.
How much is The Mccarthy Family Foundation required to give away each year?
Private foundations must generally distribute about 5% of their assets annually. For 2024, The Mccarthy Family Foundation reported a distributable amount of $130K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.
What is The Mccarthy Family Foundation's EIN?
The Mccarthy Family Foundation's EIN (Employer Identification Number) is 03-6075387. IRS Form 990 filing data is available on this page for 2020–2024.
Explore Open Grants
Browse active grant opportunities in The Mccarthy Family 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.
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