The McGee Foundation

Foundation · Grantmaker Charleston, WV EIN: 55-0720406

The McGee Foundation is a private foundation, based in Charleston, WV. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $17.3M in total assets. In 2024, it awarded 7 grants totaling $539K. Net investment income was $1.6M.

Key facts about The McGee Foundation

EIN: 55-0720406
Latest 990 filing: Form 990-PF, 2024
Annual giving (2024): $538,703
Grants made (2024): 7
Average grant: $76,958
Median grant: $100,000
Total assets: $17,278,435
Primary geography: West Virginia (100% of itemized 2024 grant dollars)

Data from IRS Form 990-PF, 2024; updated September 2026.

Who The McGee Foundation funds

By grant dollars, the top recipient states for The McGee Foundation's 7 itemized 2024 grants were West Virginia (100%). The most frequent recipient cities were Charleston, WV (2 grants). None of its 7 grants with a stated purpose were described as general or operating support. Recurring purposes include "Direct Benefit for Students Through Needs Based Scholarships" (4 grants).

How The McGee Foundation gives

Giving fell 21% from 2021 to 2024. Method
In 2024 it paid out 83% 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.

Next steps with The McGee Foundation

How to evaluate The McGee Foundation as a funder
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Financial Overview

From 2024 IRS Form 990-PF · View filing

Total Assets

$17.3M

+5.2% YoY

Annual Giving

$539K

-7.3% YoY

Grant Count

+0.0% YoY

Avg Grant Size

$77K

-7.3% YoY

Under IRS private-foundation payout rules, The McGee Foundation reported a distributable amount of $986K for 2024 — the minimum it must pay out in qualifying distributions.

About The McGee Foundation

Based on IRS filings

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Geographic Focus

Where this funder awards grants

Grant Distribution by State

West Virginia $539K (100%)

Share of all 7 itemized 2024 grant dollars.

States

California Maryland West Virginia

Cities

CharlestonBluefieldGlenvilleInstituteMount GayClaremontMorgantownSilver Spring

Financial History

Multi-year comparison from IRS filings

Revenue

Expenses

Qualifying Distributions

Net Investment Income

Metric	2024	2023	2022
Total Assets	$17,278,435	$16,421,363	$17,218,477
Revenue	$1,777,476	$313,927	$1,123,169
Expenses	$1,062,869	$1,239,443	$1,109,695
Qualifying Distributions	$815,663	$941,771	$835,196
Net Investment Income	$1,591,549	$137,741	$965,937
Distributable Amount	$985,654	$930,154	$926,693

Data update history

When this profile's IRS filing data changed on Grantable

March 1, 2026 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 7 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 recipients include Greater Kanawha Valley ($160,000), Southern WV Community College Foundation ($100,000), Glenville State University ($100,000).

Recipient	Purpose	Amount
GREATER KANAWHA VALLEY Charleston, WV	DEVELOPING, IMPROVING, AND RESTORING ECONOMIC VITALITY IN THE WEST SIDE COMMUNITY	$160,000
SOUTHERN WV COMMUNITY COLLEGE FOUNDATION Mount Gay, WV	DIRECT BENEFIT FOR STUDENTS THROUGH NEEDS BASED SCHOLARSHIPS	$100,000
GLENVILLE STATE UNIVERSITY Glenville, WV	DIRECT BENEFIT FOR STUDENTS THROUGH NEEDS BASED SCHOLARSHIPS	$100,000
BLUEFIELD STATE UNIVERSITY Bluefield, WV	DIRECT BENEFIT FOR STUDENTS THROUGH NEEDS BASED SCHOLARSHIPS	$100,000
WEST VIRGINIA STATE UNIVERSITY FOUNDATION Institute, WV	DIRECT BENEFIT FOR STUDENTS THROUGH NEEDS BASED SCHOLARSHIPS	$66,203
KANAWHA VALLEY COUNCIL ON PHILANTHROPY Charleston, WV	DEVELOPING, IMPROVING, AND RESTORING ECONOMIC VITALITY IN THE WEST SIDE COMMUNITY	$10,000
PHILANTHROPY WEST VIRGINIA Morgantown, WV	PROMOTING PHILANTHROPY THROUGHOUT WEST VIRGINIA AND ACROSS THE NATION	$2,500

Leadership & Key People

Officers and directors from IRS filings

Compensation Overview

From 2024 IRS filing

Name	Title	Hours	Compensation
J Michael Hines	Secretary	1	$7,500
Stephen E Kawash CPA	Treasurer	10	—
John Kuykendall	Director Emeritus	1	$7,500
William Deberniere Mebane Jr	Chairman & President	1	$15,000
Emory Kinder Wright	Director	1	$7,500
Christopher Alexander	Director	1	$7,500

Frequently Asked Questions

How large is The McGee Foundation?

As of 2024, The McGee Foundation holds $17.3M in total assets with $1.8M in annual revenue. It awarded 7 grants totaling $539K in 2024.

Where does The McGee Foundation operate?

The McGee Foundation has awarded grants in California, Maryland, West Virginia.

What size grants does The McGee Foundation award?

In 2024, The McGee Foundation awarded 7 grants totaling $539K — an average of about $77K per grant, based on its IRS Form 990 filings.

How much is The McGee Foundation required to give away each year?

Private foundations must generally distribute about 5% of their assets annually. For 2024, The McGee Foundation reported a distributable amount of $986K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.