The Mcgrath-spellman
The Mcgrath-spellman is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in SANIBEL, FL. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $956K in total assets. In 2024, it awarded 30 grants totaling $386K. Net investment income was $36K.
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$956K
-26.8% YoY
Annual Giving
$386K
+230.3% YoY
Grant Count
30
+25.0% YoY
Avg Grant Size
$13K
+164.2% YoY
Under IRS private-foundation payout rules, The Mcgrath-spellman reported a distributable amount of $87K for 2024 — the minimum it must pay out in qualifying distributions.
About The Mcgrath-spellman
Based on IRS filings
The Mcgrath-spellman is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in SANIBEL, FL. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $956K in total assets. In 2024, it awarded 30 grants totaling $386K. Net investment income was $36K.
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 | $955,944 | $1,306,492 | $1,388,100 |
| Revenue | $35,952 | $37,982 | $102,855 |
| Expenses | $386,500 | $119,590 | $174,000 |
| Qualifying Distributions | $385,800 | $117,000 | $172,500 |
| Net Investment Income | $35,752 | $37,982 | $102,855 |
| Distributable Amount | $87,369 | $88,490 | $92,903 |
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
142 grants across all recorded years
Giving History
Grant recipients and amounts by year
Among its reported 2024 grants, the largest include Seton Hill University ($60,000), Carnegie Mellon University ($45,000), University of Notre Dame ($40,000).
| Recipient | Purpose | Amount |
|---|---|---|
| AMERICAN HEART ASSOCIATION CLEVELAND, OH | PHILANTHROPIC | $2,000 |
| CARNEGIE MELLON UNIVERSITY PITTSBURGH, PA | PHILANTHROPIC | $45,000 |
| CATHOLIC DIOCESE OF CLEVELAND FOUNDATION CLEVELAND, OH | PHILANTHROPIC | $4,000 |
| CENTRAL CATHOLIC HIGH SCHOOL CLEVELAND, OH | PHILANTHROPIC | $2,000 |
| COMMUNITY PREGNANCY CLINICS NAPLES, FL | PHILANTHROPIC | $4,000 |
| CLUB 24 CLEVELAND HEIGHTS, OH | PHILANTHROPIC | $25,000 |
| FISH SANIBEL CAPTAVIA INC SANIBEL, FL | PHILANTHROPIC | $20,000 |
| GILMOUR ACADEMY GATES MILLS, OH | PHILANTHROPIC | $2,000 |
| GREAT LAKES THEATER FESTIVAL CLEVELAND, OH | PHILANTHROPIC | $5,800 |
| GREATER CLEVELAND HABITAT FOR HUMANITY CLEVELAND, OH | PHILANTHROPIC | $2,000 |
Leadership & Key People
Officers and directors from IRS filings
Compensation Overview
From 2024 IRS filing
From 2024 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| JOHN E MCGRATH III | PRESIDENT, TREASURER, SEC. | — | — |
Subject Areas
Focus areas based on grantmaking activity
Frequently Asked Questions
What is The Mcgrath-spellman?
The Mcgrath-spellman is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in SANIBEL, FL. It holds $956K in total assets as of 2024.
How large is The Mcgrath-spellman?
As of 2024, The Mcgrath-spellman holds $956K in total assets with $36K in annual revenue. It awarded 30 grants totaling $386K in 2024.
Where does The Mcgrath-spellman operate?
The Mcgrath-spellman has awarded grants in Alabama, Connecticut, District of Columbia, Florida, Illinois, Indiana, New Jersey, New York, Ohio, Pennsylvania, Texas, Wisconsin.
What size grants does The Mcgrath-spellman award?
In 2024, The Mcgrath-spellman awarded 30 grants totaling $386K — an average of about $13K per grant, based on its IRS Form 990 filings.
How much is The Mcgrath-spellman required to give away each year?
Private foundations must generally distribute about 5% of their assets annually. For 2024, The Mcgrath-spellman reported a distributable amount of $87K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.
What is The Mcgrath-spellman's EIN?
The Mcgrath-spellman's EIN (Employer Identification Number) is 27-0891942. IRS Form 990 filing data is available on this page for 2020–2024.
Explore Open Grants
Browse active grant opportunities in The Mcgrath-spellman's focus areas in our free grants database
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Data last updated April 2026. Sourced from IRS Form 990-PF filings.