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.
Key facts about The Mccarty Cheney Foundation Inc
- EIN
- 58-1867301
- Latest 990 filing
- Form 990-PF, 2024
- Annual giving (2024)
- $721,000
- Grants made (2024)
- 10
- Average grant
- $72,100
- Median grant
- $37,500
- New grantees (estimate)
- 40% first-time grantees (4 of 10, 2024)
- Total assets
- $3,830,003
- Primary geography
- Florida (42% of itemized 2024 grant dollars)
Data from IRS Form 990-PF, 2024; updated June 2026. New grantees are estimated by matching recipient names across years (methodology).
Who The Mccarty Cheney Foundation Inc funds
By grant dollars, the top recipient states for The Mccarty Cheney Foundation Inc's 10 itemized 2024 grants were Florida (42%), Georgia (33%) and Virginia (14%). 70% of grants with a stated purpose were for general or operating support. Recurring purposes include "Greatest Need" (3 grants).
Is The Mccarty Cheney Foundation Inc open to new grantees?
40%
first-time grantees, 2024
In 2024, 4 of 10 grantees (40%) were first-time recipients. First grants averaged $13K; repeat grants $111K. How we count
Medians: $12K first-time, $100K repeat.
- 50% of 2024 grantees were also funded in 2023. Method
- Giving grew 23% from 2021 to 2024. Method
- In 2024 it paid out 337% of its IRS minimum distribution (the 5% rule). Method
Estimate from itemized IRS Form 990-PF grant lists (2020–2024). Recipient names are matched across years, so a renamed or misspelled grantee can look new; grants to individuals are left out. Methodology.
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
Under IRS private-foundation payout rules, The Mccarty Cheney Foundation Inc reported a distributable amount of $214K for 2024 — the minimum it must pay out in qualifying distributions.
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.
Ready to take the next step with The Mccarty Cheney Foundation Inc?
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
Share of all 10 itemized 2024 grant dollars.
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 |
Data update history
When this profile's IRS filing data changed on Grantable
- IRS filings on file for fiscal years 2020–2024
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
Among its reported 2024 grants, the largest recipients include Helping Hands Ministries Inc ($222,000), Missionary Ministries ($190,000), Big Dog Ranch Rescue ($100,000).
| Recipient | Purpose | Amount |
|---|---|---|
| HELPING HANDS MINISTRIES INC TALLULAH FALLS, GA | GREATEST NEED | $222,000 |
| MISSIONARY MINISTRIES ST PETERSBURG, FL | GREATEST NEED | $190,000 |
| BIG DOG RANCH RESCUE LOXAHATCHEE GROVES, FL | GREATEST NEED | $100,000 |
| SOUTH SUDAN NATIONS BUILDERS MIDLOTHIAN, VA | GENERAL | $100,000 |
| HOPEWELL MISSIONARY BAPTIST CHURCH NEW MARKET, AL | GENERAL | $50,000 |
| SAMARITAN'S PURSE BOONE, NC | GENERAL | $25,000 |
| BASSET HOUND RESCUE FAYETTEVILLE, GA | GENERAL | $15,000 |
| INDIE INSTITUTE FINAL FRONTIER RESCUE PROJECT GEORGETOWN, TX | GENERAL | $8,000 |
| CELEBRITIES FOR CHARITIES INC MIRAMAR BEACH, FL | GENERAL | $6,000 |
| GULF GATE LODGE NO 608 LOYAL ORDER OF MOOSE SARASOTA, FL | GENERAL | $5,000 |
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
No officer or director reported compensation in the available filings.
From 2024 IRS 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
Frequently Asked Questions
What does The Mccarty Cheney Foundation Inc fund?
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.
How do I apply for a grant from The Mccarty Cheney Foundation Inc?
**Grant Activity:** • Total giving reported at $721,000 (2024 filing) • Annual grants of approximately $432,000 (recent year) • Typical award range: $2,000–$240,000 • Recent grants include $90,000 to South Sudan Nation BLDRS and $6,000 to Celebrities for Charity (2023) The foundation is open to new applicants, with approximately 12% of new applicants receiving funding.
Where does The Mccarty Cheney Foundation Inc make grants?
The foundation supports organizations across six states: Alabama, Florida, Georgia, New Jersey, New York, and Virginia.
What size grants does The Mccarty Cheney Foundation Inc award?
In 2024, The Mccarty Cheney Foundation Inc awarded 10 grants totaling $721K — an average of about $72K per grant, based on its IRS Form 990 filings.
How much is The Mccarty Cheney Foundation Inc required to give away each year?
Private foundations must generally distribute about 5% of their assets annually. For 2024, The Mccarty Cheney Foundation Inc reported a distributable amount of $214K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.
What is The Mccarty Cheney Foundation Inc's EIN?
The Mccarty Cheney Foundation Inc's EIN (Employer Identification Number) is 58-1867301. 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.