The McLain Foundation (US)
The McLain Foundation (US) is a private foundation, based in Tarrytown, NY. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $28.2M in total assets. In 2024, it awarded 9 grants totaling $546K. Net investment income was $930K.
Key facts about The McLain Foundation (US)
In short: The McLain Foundation (US) gave $546K across 9 grants in 2024 (avg $61K), top state New Jersey. Source: 2024 IRS Form 990-PF.
- EIN
- 98-0685900
- Latest 990 filing
- Form 990-PF, 2024
- Annual giving (2024)
- $546,088
- Grants made (2024)
- 9
- Average grant
- $60,676
- Median grant
- $64,344
- Total assets
- $28,215,742
- Primary geography
- New Jersey (24% of itemized 2024 grant dollars)
Data from IRS Form 990-PF, 2024; updated September 2026.
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$28.2M
+14.1% YoY
Annual Giving
$546K
-80.6% YoY
Grant Count
9
+50.0% YoY
Avg Grant Size
$61K
-87.1% YoY
Under IRS private-foundation payout rules, The McLain Foundation (US) reported a distributable amount of $1.4M for 2024 — the minimum it must pay out in qualifying distributions.
How The McLain Foundation (US) gives
- Giving fell 60% from 2021 to 2024. Method
- In 2024 it paid out 38% 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.
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Geographic Focus
Where this funder awards grants
Grant Distribution by State
Share of 2024 grant dollars across all 9 itemized grants.
Cities
Giving Over Time
Total grant dollars and number of grants per year
From 2020 to 2024, annual grant giving ranged from $546K (2024) to $2.8M (2023). In 2024 it made 9 grants totaling $546K.
Grant Insights
How this funder distributes its grants
Top Recipients
Top 9 recipients in 2024
The largest 2024 recipient was Donmar Warehouse ($126K). Together the top 9 received $546K.
Grant Size Distribution
50 grants across all recorded years
The most common grant size was under $50K: 31 grants of 50 (62%).
Giving History
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| Donmar Warehouse | ARTS | $126,328 |
| Princeton University Princeton, NJ | Educational | $100,000 |
| Smithsonian Washington, DC | Educational | $100,000 |
| Women for Women International | Educational | $87,707 |
| Felix Project | Medical | $64,344 |
| Liger Charitable Foundation Red Bank, NJ | Education | $30,000 |
| Middle East Children's Alliance Berkeley, CA | SOCIAL | $15,000 |
| West London Zone | Educational | $12,709 |
| Jumby Bay Fund Inc Camden, ME | Educational | $10,000 |
Financial History
Multi-year comparison from IRS filings
| Metric | 2024 | 2023 | 2022 |
|---|---|---|---|
| Total Assets | $28,215,742 | $24,738,202 | $25,189,485 |
| Revenue | $4,290,239 | $2,686,420 | $4,540,572 |
| Expenses | $801,249 | $2,993,301 | $1,503,154 |
| Qualifying Distributions | $546,088 | $2,811,423 | $1,248,274 |
| Net Investment Income | $929,833 | $1,442,025 | $360,283 |
| Distributable Amount | $1,422,872 | $1,335,842 | $1,232,886 |
Data update history
When this profile's IRS filing data changed on Grantable
- IRS filings on file for fiscal years 2020–2024
Leadership & Key People
Officers and directors from IRS filings
The McLain Foundation (US) is led by B. Hardy McLain, President on every filing since 2020; none of the 8 officers listed in 2024 report compensation.
Officers on the 2024 filing
B. Hardy McLain
President
On filings since 2020
No compensation reported
Cameron McLain
Trustee
On filings since 2021
No compensation reported
Carina McLain
Trustee
On filings since 2021
No compensation reported
Chelsea McLain
Trustee
On filings since 2021
No compensation reported
Chloe McLain
Trustee
On filings since 2021
No compensation reported
Ian Terry
Trustee
On filings since 2021
No compensation reported
Christopher Keech Flecther
Director
On filings since 2023
No compensation reported
Helle McLain
Secretary
On filings since 2020
No compensation reported
Former officers (1)
- Former: Chris Fletcher (2020) — Director
Data from IRS Form 990 filings, 2020–2024. "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 McLain Foundation (US)
How much does The McLain Foundation (US) give each year?
The McLain Foundation (US) gave $546K across 9 grants in 2024, according to its 2024 IRS Form 990-PF. In 2023 it gave $2.8M across 6 grants.
What is The McLain Foundation (US)'s typical grant size?
The McLain Foundation (US)'s median grant in 2024 was $64,344, and its average grant was $60,676, across 9 grants on its 2024 IRS Form 990-PF.
Where does The McLain Foundation (US) give grants?
The McLain Foundation (US)'s top state is New Jersey, with 24% of the grant dollars itemized on its 2024 IRS Form 990-PF. The next largest state was District of Columbia (18%).
Does The McLain Foundation (US) give general operating support?
Not in 2024: none of the 9 grants with a stated purpose on The McLain Foundation (US)'s 2024 IRS Form 990-PF were described as general or operating support. Recurring purposes include "Educational" (5 grants).
Who are The McLain Foundation (US)'s largest grantees?
The McLain Foundation (US)'s largest 2024 grantees include Donmar Warehouse ($126,328), Princeton University ($100,000) and Smithsonian ($100,000), according to its 2024 IRS Form 990-PF. Together they received 60% of its itemized 2024 grant dollars.
How large is The McLain Foundation (US)?
The McLain Foundation (US) reported $28.2M in total assets on its 2024 IRS Form 990-PF. It paid out $546K in qualifying distributions that year, against a required minimum of $1.4M (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 McLain Foundation (US)'s EIN?
The McLain Foundation (US)'s EIN (Employer Identification Number) is 98-0685900. IRS Form 990 filing data is available on this page for 2020–2024.
Data last updated September 2026. Sourced from IRS Form 990-PF filings.
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