The Mccarty Cheney Foundation Inc
The McCarty Cheney Foundation Inc is a private foundation based in Palm Beach, Florida, designated as a 501(c)(3) organization. The foundation has been tax-exempt since April 1990. It operates as a grantmaking foundation supporting charitable initiatives across multiple states.
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$3.8M
+7.6% YoY
Annual Giving
$721K
+66.9% YoY
Grant Count
10
+100.0% YoY
Avg Grant Size
$72K
-16.6% YoY
Mission & Focus Areas
The foundation's grantmaking focuses on:
- Education
- Human Services and poverty alleviation
- Philanthropy, voluntarism, and grantmaking
- Greatest need and general charitable purposes
- Alzheimer's programs
The foundation supports initiatives in multiple states including Alabama, Florida, Georgia, New Jersey, New York, and Virginia, with particular activity in cities such as Atlanta, Sarasota, and Staten Island.
Grantmaking
The foundation is open to new applicants, with approximately 12% of new applicants receiving funding.
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Geographic Focus
Where this funder awards grants
The foundation supports organizations across six states: Alabama, Florida, Georgia, New Jersey, New York, and Virginia.
Grant Distribution by State
Cities
Financial History
Multi-year comparison from IRS filings
Assets & Revenue (2023):
- Total assets: $3,558,890
- Total revenues: $115,019
- Total expenses: $477,593
- Total liabilities: $1,230
Income Composition (2023):
- Investment income and dividends: $103,957
- Net gain from sale of non-inventory assets: $11,062
Assets (2024 filing):
- Total assets: $3,830,003
| Metric | 2024 | 2023 | 2022 |
|---|---|---|---|
| Total Assets | $3,830,003 | $3,558,890 | $3,923,246 |
| Revenue | $1,037,083 | $115,019 | $-58,863 |
| Expenses | $766,939 | $477,593 | $780,456 |
| Qualifying Distributions | $722,425 | $437,497 | $748,117 |
| Net Investment Income | $1,006,560 | $75,979 | $76,186 |
| Distributable Amount | $214,186 | $211,598 | $248,056 |
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
39 grants across all recorded years
Giving History
Grant recipients and amounts by year
No grants recorded for .
Leadership & Key People
Leadership team and compensation from IRS filings
The foundation is led by unpaid trustees:
- Eleanor Frances Cheney — President and Treasurer
- Johanna F Cheney — Secretary
- William H Cheney Jr — Trustee
None of the key personnel receive compensation for their roles.
Compensation Overview
From 2024 IRS filing
From 2024 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| ELEANOR FRANCES CHENEY | PRESIDENT & TREASURER | 1 | — |
| JOHANNA F CHENEY | SECRETARY | 1 | — |
| WILLIAM H CHENEY JR | TRUSTEE | 1 | — |
Contact Information
Principal Address: 2660 South Ocean Boulevard, Unit 503 South Palm Beach, FL 33480-6568
EIN: 58-1867301
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Data last updated April 2026. Sourced from IRS Form 990-PF filings. Research dossier generated April 2026.
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