The McCarthy Family Foundation
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 2025. As of 2025, the organization holds $1.1M in total assets. In 2025, it awarded 25 grants totaling $122K. Net investment income was $68K.
Key facts about The McCarthy Family Foundation
In short: The McCarthy Family Foundation gave $122K across 25 grants in 2025 (avg $5K), mostly in Massachusetts. 32% of 2025 grantees were new. Source: 2025 IRS Form 990-PF.
- EIN
- 03-6075387
- Latest 990 filing
- Form 990-PF, 2025
- Annual giving (2025)
- $122,449
- Grants made (2025)
- 25
- Average grant
- $4,898
- Median grant
- $2,500
- New grantees (estimate)
- 32% first-time grantees (8 of 25, 2025)
- Total assets
- $1,095,469
- Primary geography
- Massachusetts (99% of itemized 2025 grant dollars)
Data from IRS Form 990-PF, 2025; updated September 2026. New grantees are estimated by matching recipient names across years (methodology).
Financial Overview
From 2025 IRS Form 990-PF · View filing
Total Assets
$1.1M
-8.4% YoY
Annual Giving
$122K
+1.5% YoY
Grant Count
25
+8.7% YoY
Avg Grant Size
$5K
-6.6% YoY
Under IRS private-foundation payout rules, The McCarthy Family Foundation reported a distributable amount of $139K for 2025 — the minimum it must pay out in qualifying distributions.
Is The McCarthy Family Foundation open to new grantees?
32%
first-time grantees, 2025
In 2025, 8 of 25 grantees (32%) were first-time recipients. First grants averaged $601; repeat grants $7K. How we count
Medians: $510 first-time, $5K repeat.
- 68% of 2025 grantees were also funded in 2024. Method
- Giving grew 20% from 2022 to 2025. Method
- In 2025 it paid out 96% 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 (2020–2025). Recipient names are matched across years, so a renamed or misspelled grantee can look new; grants to individuals are left out. Methodology.
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Geographic Focus
Where this funder awards grants
Grant Distribution by State
Share of all 25 itemized 2025 grant dollars.
Cities
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 2025
Grant Size Distribution
96 grants across all recorded years
Giving History
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| CAMP HARBOR VIEW FOUNDATION Boston, MA | PRIMARY PURPOSE OF THE FOUNDATION TO MEET IRS MINIMUM DISTRIBUTION | $30,000 |
| 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 |
| PATHWAYS FOR CHILDREN Gloucester, MA | PRIMARY PURPOSE OF THE FOUNDATION TO MEET IRS MINIMUM DISTRIBUTION | $10,000 |
| NORTHEAST ARC Danvers, MA | PRIMARY PURPOSE OF THE FOUNDATION TO MEET IRS MINIMUM DISTRIBUTION | $8,500 |
| ST ADELAIDE'S PARISH CHURCH Peabody, MA | PRIMARY PURPOSE OF THE FOUNDATION TO MEET IRS MINIMUM DISTRIBUTION | $7,500 |
| LAHEY HOSPITAL & MEDICAL CENTER Peabody, MA | PRIMARY PURPOSE OF THE FOUNDATION TO MEET IRS MINIMUM DISTRIBUTION | $5,000 |
| PEABODY INSTITUTE LIBRARY Peabody, MA | PRIMARY PURPOSE OF THE FOUNDATION TO MEET IRS MINIMUM DISTRIBUTION | $5,000 |
| SALEM HOSPITAL Salem, MA | PRIMARY PURPOSE OF THE FOUNDATION TO MEET IRS MINIMUM DISTRIBUTION | $5,000 |
| MASS GENERAL DEVELOPMENT Boston, MA | PRIMARY PURPOSE OF THE FOUNDATION TO MEET IRS MINIMUM DISTRIBUTION | $4,143 |
Financial History
Multi-year comparison from IRS filings
| Metric | 2025 | 2024 | 2023 |
|---|---|---|---|
| Total Assets | $1,095,469 | $1,195,493 | $1,243,218 |
| Revenue | $84,513 | $95,701 | $89,886 |
| Expenses | $144,110 | $143,312 | $152,795 |
| Qualifying Distributions | $133,230 | $131,336 | $145,886 |
| Net Investment Income | $67,700 | $83,727 | $82,977 |
| Distributable Amount | $138,655 | $130,321 | $114,627 |
Data update history
When this profile's IRS filing data changed on Grantable
- Added Form 990-PF for fiscal year 2025 (received by the IRS May 12, 2026)
- IRS filings on file for fiscal years 2020–2024
Leadership & Key People
Officers and directors from IRS filings
The McCarthy Family Foundation's 2025 filing lists 4 officers; none of the 4 officers listed in 2025 report compensation.
Officers on the 2025 filing
Arthur T. McCarthy
Trustee
On filings since 2020
No compensation reported
Brian E. McCarthy
Trustee
On filings since 2020
No compensation reported
Donna M. McCarthy
Trustee
On filings since 2020
No compensation reported
John M. McCarthy
Trustee
On filings since 2020
No compensation reported
Data from IRS Form 990 filings, 2020–2025. "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 Family Foundation
How much does The McCarthy Family Foundation give each year?
The McCarthy Family Foundation gave $122K across 25 grants in 2025, according to its 2025 IRS Form 990-PF. In 2024 it gave $121K across 23 grants.
What is The McCarthy Family Foundation's typical grant size?
The McCarthy Family Foundation's median grant in 2025 was $2,500, and its average grant was $4,898, across 25 grants on its 2025 IRS Form 990-PF. Organizations receiving their first grant from The McCarthy Family Foundation that year got $601 on average.
Where does The McCarthy Family Foundation give grants?
The McCarthy Family Foundation gives mostly in Massachusetts: 99% of the grant dollars itemized on its 2025 IRS Form 990-PF went to recipients there. The most frequent recipient cities were Peabody, MA (5 grants), Boston, MA (4 grants), Norton, MA (2 grants) and Salem, MA (2 grants).
Does The McCarthy Family Foundation give general operating support?
Not in 2025: none of the 25 grants with a stated purpose on The McCarthy Family Foundation's 2025 IRS Form 990-PF were described as general or operating support.
Who are The McCarthy Family Foundation's largest grantees?
The McCarthy Family Foundation's largest 2025 grantees include Camp Harbor View Foundation ($30,000), City of Peabody ($20,000) and Francis Ouimet Scholarship Fund ($10,000), according to its 2025 IRS Form 990-PF. Together they received 49% of its itemized 2025 grant dollars.
How large is The McCarthy Family Foundation?
The McCarthy Family Foundation reported $1.1M in total assets on its 2025 IRS Form 990-PF. It paid out $133K in qualifying distributions that year, against a required minimum of $139K (roughly 5% of its investment assets).
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 $1.1M in total assets as of 2025.
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 2020–2025.
Data last updated September 2026. Sourced from IRS Form 990-PF filings.
Here's the math on researching The McCarthy Family Foundation by hand.
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