The Mccormack Foundation Inc
The Mccormack Foundation Inc is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in MACCLESFIELD, NC. IRS filing data is available from 2021 through 2024. As of 2024, the organization holds $57K in total assets. In 2024, it awarded 9 grants totaling $8K. Net investment income was $4K.
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$57K
-7.7% YoY
Annual Giving
$8K
+60.0% YoY
Grant Count
9
+0.0% YoY
Avg Grant Size
$888.889
+60.0% YoY
Under IRS private-foundation payout rules, The Mccormack Foundation Inc reported a distributable amount of $15K for 2024 — the minimum it must pay out in qualifying distributions.
About The Mccormack Foundation Inc
Based on IRS filings
The Mccormack Foundation Inc is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in MACCLESFIELD, NC. IRS filing data is available from 2021 through 2024. As of 2024, the organization holds $57K in total assets. In 2024, it awarded 9 grants totaling $8K. Net investment income was $4K.
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 | $57,040 | $61,821 | $58,269 |
| Revenue | $7,016 | $9,217 | $3,202 |
| Expenses | $11,797 | $5,665 | $5,655 |
| Qualifying Distributions | $8,000 | $5,000 | $5,000 |
| Net Investment Income | $3,734 | $3,435 | $3,188 |
| Distributable Amount | $14,847 | $9,011 | $7,028 |
Giving Over Time
Total grant dollars and number of grants per year
Grant Insights
How this funder distributes its grants
Top Recipients
Top 9 recipients in 2024
Grant Size Distribution
32 grants across all recorded years
Giving History
Grant recipients and amounts by year
Among its reported 2024 grants, the largest include Montreat College ($3,000), The Jesse Helms Center Foundation ($1,000), Tunnels to Towers Foundation ($700).
| Recipient | Purpose | Amount |
|---|---|---|
| CHARLOTTE RESCUE MISSION CHARLOTTE, NC | SUPPORT PROGRAMS FOR HOMELESS | $500 |
| RONALD MCDONALD HOUSE DURHAM, NC | ASSIST FAMILIES OF TERMINALLY ILL | $500 |
| SECOND HARVEST FOOD BANK CHARLOTTE, NC | PROVIDE FOOD FOR LESS FORTUNATE | $400 |
| THE JESSE HELMS CENTER FOUNDATION WINGATE, NC | SUPPORT EDUCATIONAL PROGRAMS | $1,000 |
| TUNNELS TO TOWERS FOUNDATION STATEN ISLAND, NY | PROVIDE SUPPORT TO FIRST RESPONDERS | $700 |
| A DOVE'S NEST CHARLOTTE, NC | SUPPORT PROGRAMS TO WOMEN | $700 |
| SAMARITAN'S PURSE BOONE, NC | PROVIDES ASSISTANCE TO THOSE IN NEED | $500 |
| WOUNDED WARRIOR PROJECT JACKSONVILLE, FL | PROVIDES ASSISTANCE TO VETERANS | $700 |
| MONTREAT COLLEGE MONTREAT, NC | EDUCATIONAL INSTITUTION | $3,000 |
Leadership & Key People
Officers and directors from IRS filings
Compensation Overview
From 2024 IRS filing
From 2024 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| J PARRISH MCCORMACK | SECRETARY | — | — |
| SUZANNE M MORGAN | PRESIDENT | — | — |
| ELAYNE P MCCORMACK | DIRECTOR | — | — |
Subject Areas
Focus areas based on grantmaking activity
Frequently Asked Questions
What is The Mccormack Foundation Inc?
The Mccormack Foundation Inc is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in MACCLESFIELD, NC. It holds $57K in total assets as of 2024.
How large is The Mccormack Foundation Inc?
As of 2024, The Mccormack Foundation Inc holds $57K in total assets with $7K in annual revenue. It awarded 9 grants totaling $8K in 2024.
Where does The Mccormack Foundation Inc operate?
The Mccormack Foundation Inc has awarded grants in Florida, North Carolina, New York.
What size grants does The Mccormack Foundation Inc award?
In 2024, The Mccormack Foundation Inc awarded 9 grants totaling $8K — an average of about $888.889 per grant, based on its IRS Form 990 filings.
How much is The Mccormack Foundation Inc required to give away each year?
Private foundations must generally distribute about 5% of their assets annually. For 2024, The Mccormack Foundation Inc reported a distributable amount of $15K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.
What is The Mccormack Foundation Inc's EIN?
The Mccormack Foundation Inc's EIN (Employer Identification Number) is 31-1677370. IRS Form 990 filing data is available on this page for 2021–2024.
Explore Open Grants
Browse active grant opportunities in The Mccormack Foundation Inc'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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