The Mcginness Foundation Uad July 15
The Mcginness Foundation Uad July 15 is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in CLEVELAND, OH. IRS filing data is available from 2021 through 2024. As of 2024, the organization holds $666K in total assets. In 2024, it awarded 2 grants totaling $35K. Net investment income was $38K.
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$666K
-0.5% YoY
Annual Giving
$35K
+16.7% YoY
Grant Count
2
+100.0% YoY
Avg Grant Size
$18K
-41.7% YoY
Under IRS private-foundation payout rules, The Mcginness Foundation Uad July 15 reported a distributable amount of $36K for 2024 — the minimum it must pay out in qualifying distributions.
About The Mcginness Foundation Uad July 15
Based on IRS filings
The Mcginness Foundation Uad July 15 is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in CLEVELAND, OH. IRS filing data is available from 2021 through 2024. As of 2024, the organization holds $666K in total assets. In 2024, it awarded 2 grants totaling $35K. Net investment income was $38K.
Focus Areas
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Geographic Focus
Where this funder awards grants
Grant Distribution by State
States
Cities
Financial History
Multi-year comparison from IRS filings
| Metric | 2024 | 2023 | 2022 |
|---|---|---|---|
| Total Assets | $666,270 | $669,718 | $723,462 |
| Revenue | $42,250 | $-12,698 | $-32,476 |
| Expenses | $45,521 | $40,198 | $32,328 |
| Qualifying Distributions | $40,373 | $35,098 | $23,936 |
| Net Investment Income | $37,768 | $14,259 | $9,478 |
| Distributable Amount | $35,810 | $33,651 | $35,857 |
Giving Over Time
Total grant dollars and number of grants per year
Grant Insights
How this funder distributes its grants
Top Recipients
Top 2 recipients in 2024
Grant Size Distribution
4 grants across all recorded years
Giving History
Grant recipients and amounts by year
Among its reported 2024 grants, the largest include St Martin De Porres High School ($25,000), Beaumont School ($10,000).
| Recipient | Purpose | Amount |
|---|---|---|
| ST MARTIN DE PORRES HIGH SCHOOL CLEVELAND, OH | TO AND THROUGH COLLEGE SCHOLARSHIP PROGRAM | $25,000 |
| BEAUMONT SCHOOL CLEVELAND HEIGHTS, OH | SCHOLARSHIP PROGRAM | $10,000 |
Leadership & Key People
Officers and directors from IRS filings
Compensation Overview
From 2024 IRS filing
From 2024 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| WESTERN RESERVE TRUST COMPANY | TRUSTEE | 1 | $3,673 |
Subject Areas
Focus areas based on grantmaking activity
Frequently Asked Questions
What is The Mcginness Foundation Uad July 15?
The Mcginness Foundation Uad July 15 is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in CLEVELAND, OH. It holds $666K in total assets as of 2024.
How large is The Mcginness Foundation Uad July 15?
As of 2024, The Mcginness Foundation Uad July 15 holds $666K in total assets with $42K in annual revenue. It awarded 2 grants totaling $35K in 2024.
Where does The Mcginness Foundation Uad July 15 operate?
The Mcginness Foundation Uad July 15 has awarded grants in Ohio.
What size grants does The Mcginness Foundation Uad July 15 award?
In 2024, The Mcginness Foundation Uad July 15 awarded 2 grants totaling $35K — an average of about $18K per grant, based on its IRS Form 990 filings.
How much is The Mcginness Foundation Uad July 15 required to give away each year?
Private foundations must generally distribute about 5% of their assets annually. For 2024, The Mcginness Foundation Uad July 15 reported a distributable amount of $36K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.
What is The Mcginness Foundation Uad July 15's EIN?
The Mcginness Foundation Uad July 15's EIN (Employer Identification Number) is 61-6663072. IRS Form 990 filing data is available on this page for 2021–2024.
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Browse active grant opportunities in The Mcginness Foundation Uad July 15'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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