The McCormack Foundation Inc
The McCormack Foundation Inc is a private foundation, based in Macclesfield, NC. IRS filing data is available from 2021 through 2025. As of 2025, the organization holds $58K in total assets. In 2025, it awarded 6 grants totaling $5K. Net investment income was $4K.
The McCormack Foundation Inc at a glance
In short: The McCormack Foundation Inc gave $5K across 6 grants in 2025 (avg $833.333), mostly in North Carolina. Source: 2025 IRS Form 990-PF.
- Annual giving (2025)
- $5,000
- -37.5% vs 2024
- Grants made (2025)
- 6
- -33.3% vs 2024
- Average grant
- $833
- -6.2% vs 2024
- Median grant
- $650
- Total assets
- $58,483
- +2.5% vs 2024
- Primary geography
- North Carolina (72% of itemized 2025 grant dollars)
- Latest 990 filing
- Form 990-PF, 2025 View filing
Data from IRS Form 990-PF, 2025; updated September 2026.
Who The McCormack Foundation Inc funds
How this funder distributes its grants
Top Recipients
Top 6 recipients in 2025
The largest 2025 recipient was Montreat College ($2K). Together the top 6 received $5K.
Grant Size Distribution
38 grants across all recorded years
The most common grant size was under $50K: 38 grants of 38 (100%).
Geographic Focus
Where this funder awards grants
Grant Distribution by State
Share of 2025 grant dollars across all 6 itemized grants.
Cities
How The McCormack Foundation Inc gives
- Giving held roughly steady from 2022 to 2025 (+0%). Method
- In 2025 it paid out 72% of its IRS minimum distribution (the 5% rule). Foundations have until the end of the next year to meet it. Method
From the foundation's IRS Form 990-PF filings. Methodology.
Giving History
Giving Over Time
Total grant dollars and number of grants per year
From 2021 to 2025, annual grant giving ranged from $5K (2021) to $8K (2024). In 2025 it made 6 grants totaling $5K.
Grants by year
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| Montreat College Montreat, NC | Educational Institution | $2,000 |
| Tunnels to Towers Foundation Staten Island, NY | Provide Support to First Responders | $700 |
| Wounded Warrior Project Jacksonville, FL | Provides Assistance to Veterans | $700 |
| Samaritan's Purse Boone, NC | Provides Assistance to Those in Need | $600 |
| Charlotte Rescue Mission Charlotte, NC | Support Programs for Homeless | $500 |
| Ronald McDonald House Durham, NC | Assist Families of Terminally Ill | $500 |
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Financial History
Multi-year comparison from IRS filings
| Filing year | Total Assets | Revenue | Expenses | Grants paid | Grants | Qualifying Distributions | Net Investment Income | Distributable Amount |
|---|---|---|---|---|---|---|---|---|
| 2025 | $58,483 | $13,437 | $11,994 | $5,000 | 6 | $11,304 | $4,133 | $15,642 |
| 2024 | $57,040 | $7,016 | $11,797 | $8,000 | 9 | $8,000 | $3,734 | $14,847 |
| 2023 | $61,821 | $9,217 | $5,665 | $5,000 | 9 | $5,000 | $3,435 | $9,011 |
| 2022 | $58,269 | $3,202 | $5,655 | $5,000 | 8 | $5,000 | $3,188 | $7,028 |
| 2021 | $60,722 | $3,686 | $5,619 | $5,000 | 6 | — | $2,905 | $5,925 |
Under IRS private-foundation payout rules, The McCormack Foundation Inc reported a distributable amount of $16K for 2025 — the minimum it must pay out in qualifying distributions.
Leadership & Key People
Officers and directors from IRS filings
The McCormack Foundation Inc is led by Suzanne M. Morgan, President on every filing since 2021; none of the 3 officers listed in 2025 report compensation.
Officers on the 2025 filing
Suzanne M. Morgan
President
On filings since 2021
No compensation reported
Elayne P. McCormack
Director
On filings since 2021
No compensation reported
J. Parrish McCormack
Secretary
On filings since 2021
No compensation reported
Data from IRS Form 990 filings, 2021–2025. "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 McCormack Foundation Inc
How much does The McCormack Foundation Inc give each year?
The McCormack Foundation Inc gave $5K across 6 grants in 2025, according to its 2025 IRS Form 990-PF. In 2024 it gave $8K across 9 grants.
What is The McCormack Foundation Inc's typical grant size?
The McCormack Foundation Inc's median grant in 2025 was $650, and its average grant was $833, across 6 grants on its 2025 IRS Form 990-PF.
Where does The McCormack Foundation Inc give grants?
The McCormack Foundation Inc gives mostly in North Carolina: 72% of the grant dollars itemized on its 2025 IRS Form 990-PF went to recipients there. The next largest states were New York (14%) and Florida (14%).
Does The McCormack Foundation Inc give general operating support?
Not in 2025: none of the 6 grants with a stated purpose on The McCormack Foundation Inc's 2025 IRS Form 990-PF were described as general or operating support.
Who are The McCormack Foundation Inc's largest grantees?
The McCormack Foundation Inc's largest 2025 grantees include Montreat College ($2,000), Tunnels to Towers Foundation ($700) and Wounded Warrior Project ($700), according to its 2025 IRS Form 990-PF. Together they received 68% of its itemized 2025 grant dollars.
How large is The McCormack Foundation Inc?
The McCormack Foundation Inc reported $58K in total assets on its 2025 IRS Form 990-PF. It paid out $11K in qualifying distributions that year, against a required minimum of $16K (roughly 5% of its investment assets). Falling short in one year is not a violation: foundations have until the end of the next year to meet the minimum.
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 2021–2025.
Data last updated September 2026. Sourced from IRS Form 990-PF filings.
Data update history
(6)
When this profile's IRS filing data changed on Grantable
- Updated Form 990-PF for fiscal year 2021 (received by the IRS November 10, 2022)
- Updated Form 990-PF for fiscal year 2022 (received by the IRS October 26, 2023)
- Updated Form 990-PF for fiscal year 2023 (received by the IRS February 6, 2024)
- Updated Form 990-PF for fiscal year 2024 (received by the IRS February 3, 2025)
- Updated Form 990-PF for fiscal year 2025 (received by the IRS February 19, 2026)
- IRS filings on file for fiscal years 2021–2025
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