The Mclain Family Foundation Inc
The Mclain Family Foundation Inc is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in CHARLESTON, SC. IRS filing data is available from 2021 through 2023. As of 2023, the organization holds $443K in total assets. In 2023, it awarded 19 grants totaling $54K. Net investment income was $16K.
Financial Overview
From 2023 IRS Form 990-PF · View filing
Total Assets
$443K
-8.9% YoY
Annual Giving
$54K
-47.5% YoY
Grant Count
19
+58.3% YoY
Avg Grant Size
$3K
-66.9% YoY
Under IRS private-foundation payout rules, The Mclain Family Foundation Inc reported a distributable amount of $24K for 2023 — the minimum it must pay out in qualifying distributions.
About The Mclain Family Foundation Inc
Based on IRS filings
The Mclain Family Foundation Inc is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in CHARLESTON, SC. IRS filing data is available from 2021 through 2023. As of 2023, the organization holds $443K in total assets. In 2023, it awarded 19 grants totaling $54K. Net investment income was $16K.
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 | 2023 | 2022 | 2021 |
|---|---|---|---|
| Total Assets | $442,536 | $485,671 | $571,304 |
| Revenue | $18,617 | $23,241 | $59,193 |
| Expenses | $61,752 | $108,874 | $131,397 |
| Qualifying Distributions | $57,104 | $105,485 | — |
| Net Investment Income | $15,904 | $19,852 | $57,429 |
| Distributable Amount | $23,996 | $29,944 | $32,557 |
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 2023
Grant Size Distribution
58 grants across all recorded years
Giving History
Grant recipients and amounts by year
Among its reported 2023 grants, the largest include Tigers Unlimited Auburn University ($11,490), Spoleto Festival ($8,500), Gibbes Museum of Art ($7,500).
| Recipient | Purpose | Amount |
|---|---|---|
| TIGERS UNLIMITED AUBURN UNIVERSITY AUBURN UNIVERSITY, AL | GENERAL | $11,490 |
| AUBURN UNIVERSITY AUBURN UNIVERSITY, AL | GENERAL | $6,250 |
| GIBBES MUSEUM OF ART CHARLESTON, SC | GENERAL | $7,500 |
| HELPING HANDS OF GEORGETOWN COUNTY GEORGETOWN, SC | GENERAL | $250 |
| VANDERBILT UNIVERSITY NASHVILLE, TN | GENERAL | $5,000 |
| MONTANA HISTORICAL SOCIETY HELENA, MT | GENERAL | $500 |
| OAK HILL SCHOOL NASHVILLE, TN | GENERAL | $1,961 |
| DARDEN SCHOOL OF BUSINESS CHARLOTTESVILLE, VA | GENERAL | $1,000 |
| BONEFISH AND TARPON TRUST MIAMI, FL | GENERAL | $500 |
| ULMAN FOUNDATION BALTIMORE, MD | GENERAL | $1,000 |
Leadership & Key People
Officers and directors from IRS filings
Compensation Overview
From 2023 IRS filing
From 2023 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| MICHAEL A MCLAIN | DIRECTOR | — | — |
| JANE T MCLAIN | DIRECTOR | — | — |
| MICHAEL A MCLAIN JR | DIRECTOR | — | — |
| MATTHEW B MCLAIN | DIRECTOR | — | — |
| JORDAN E MCLAIN | DIRECTOR | — | — |
Subject Areas
Focus areas based on grantmaking activity
Frequently Asked Questions
What is The Mclain Family Foundation Inc?
The Mclain Family Foundation Inc is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in CHARLESTON, SC. It holds $443K in total assets as of 2023.
How large is The Mclain Family Foundation Inc?
As of 2023, The Mclain Family Foundation Inc holds $443K in total assets with $19K in annual revenue. It awarded 19 grants totaling $54K in 2023.
Where does The Mclain Family Foundation Inc operate?
The Mclain Family Foundation Inc has awarded grants in Alabama, California, Florida, Georgia, Louisiana, Maryland, Montana, North Carolina, New York, South Carolina, Tennessee, Virginia.
What size grants does The Mclain Family Foundation Inc award?
In 2023, The Mclain Family Foundation Inc awarded 19 grants totaling $54K — an average of about $3K per grant, based on its IRS Form 990 filings.
How much is The Mclain Family Foundation Inc required to give away each year?
Private foundations must generally distribute about 5% of their assets annually. For 2023, The Mclain Family Foundation Inc reported a distributable amount of $24K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.
What is The Mclain Family Foundation Inc's EIN?
The Mclain Family Foundation Inc's EIN (Employer Identification Number) is 20-1865497. IRS Form 990 filing data is available on this page for 2021–2023.
Explore Open Grants
Browse active grant opportunities in The Mclain Family 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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