The McRae Foundation
The McRae Foundation is a private foundation, based in Kinston, NC. IRS filing data is available from 2020 through 2025. As of 2025, the organization holds $110K in total assets. In 2025, it awarded 4 grants totaling $6K. Net investment income was $1K.
The McRae Foundation at a glance
In short: The McRae Foundation gave $6K across 4 grants in 2025 (avg $1K), mostly in North Carolina. Source: 2025 IRS Form 990-PF.
- Annual giving (2025)
- $5,625
- -3.8% vs 2024
- Grants made (2025)
- 4
- +0.0% vs 2024
- Average grant
- $1,406
- -3.8% vs 2024
- Median grant
- $1,313
- Total assets
- $109,645
- -3.8% vs 2024
- Primary geography
- North Carolina (100% of itemized 2025 grant dollars)
- Latest 990 filing
- Form 990-PF, 2025 View filing
Data from IRS Form 990-PF, 2025; updated September 2026.
Who The McRae Foundation funds
How this funder distributes its grants
Top Recipients
Top 4 recipients in 2025
The largest 2025 recipient was East Carolina Council Boy Scouts ($2K). Together the top 4 received $6K.
Grant Size Distribution
21 grants across all recorded years
The most common grant size was under $50K: 21 grants of 21 (100%).
Geographic Focus
Where this funder awards grants
Grant Distribution by State
Share of 2025 grant dollars across all 4 itemized grants.
States
Cities
How The McRae Foundation gives
- Giving held roughly steady from 2022 to 2025 (−14%). Method
- In 2025 it paid out 102% of its IRS minimum distribution (the 5% rule). Method
From the foundation's IRS Form 990-PF filings. Methodology.
Giving History
Giving Over Time
Total grant dollars and number of grants per year
From 2020 to 2025, annual grant giving ranged from $6K (2025) to $7K (2020). In 2025 it made 4 grants totaling $6K.
Grants by year
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| East Carolina Council Boy Scouts Kinston, NC | Youth Programs | $2,000 |
| Boys & Girls Club of Coastal Plain Winterville, NC | Youth Programs | $1,625 |
| Community Council for the Arts Kinston, NC | Arts and Education | $1,000 |
| Mary's Kitchen Inc Kinston, NC | Fight Hunger | $1,000 |
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Financial History
Multi-year comparison from IRS filings
| Filing year | Total Assets | Revenue | Expenses | Grants paid | Grants | Qualifying Distributions | Net Investment Income | Distributable Amount |
|---|---|---|---|---|---|---|---|---|
| 2025 | $109,645 | $2,038 | $6,344 | $5,625 | 4 | $5,625 | $1,319 | $5,488 |
| 2024 | $113,951 | $3,028 | $6,579 | $5,850 | 4 | $5,850 | $2,299 | $5,668 |
| 2023 | $117,502 | $3,088 | $6,818 | $6,150 | 4 | $6,150 | $2,433 | $5,845 |
| 2022 | $121,232 | $724 | $7,221 | $6,575 | 4 | $6,575 | $79 | $6,130 |
| 2021 | $127,729 | $18 | $7,505 | $6,850 | 5 | $6,850 | — | $6,574 |
| 2020 | $135,216 | $213 | $7,920 | $7,225 | 4 | — | — | $6,849 |
Under IRS private-foundation payout rules, The McRae Foundation reported a distributable amount of $5K for 2025 — the minimum it must pay out in qualifying distributions.
Leadership & Key People
Officers and directors from IRS filings
The McRae Foundation is led by Cameron W. McRae, President & Director on every filing since 2020; none of the 5 officers listed in 2025 report compensation.
Officers on the 2025 filing
Cameron W. McRae
President & Director
On filings since 2020
No compensation reported
Sally S. McRae
Director
On filings since 2020
No compensation reported
Donna Rodwell
Secretary
On filings since 2020
No compensation reported
Scott McRae
Vice President
On filings since 2020
No compensation reported
Katherine A. McRae
Vice President
On filings since 2024
No compensation reported
Former officers (1)
- Former: Katherine A. Ramsey (2020–2023) — Vice President
Data from IRS Form 990 filings, 2020–2025. "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 McRae Foundation
How much does The McRae Foundation give each year?
The McRae Foundation gave $6K across 4 grants in 2025, according to its 2025 IRS Form 990-PF. In 2024 it gave $6K across 4 grants.
What is The McRae Foundation's typical grant size?
The McRae Foundation's median grant in 2025 was $1,313, and its average grant was $1,406, across 4 grants on its 2025 IRS Form 990-PF.
Where does The McRae Foundation give grants?
The McRae Foundation gives mostly in North Carolina: 100% of the grant dollars itemized on its 2025 IRS Form 990-PF went to recipients there. The most frequent recipient cities were Kinston, NC (3 grants).
Does The McRae Foundation give general operating support?
Not in 2025: none of the 4 grants with a stated purpose on The McRae Foundation's 2025 IRS Form 990-PF were described as general or operating support.
How large is The McRae Foundation?
The McRae Foundation reported $110K in total assets on its 2025 IRS Form 990-PF. It paid out $6K in qualifying distributions that year, against a required minimum of $5K (roughly 5% of its investment assets).
What is The McRae Foundation's EIN?
The McRae Foundation's EIN (Employer Identification Number) is 56-2274002. IRS Form 990 filing data is available on this page for 2020–2025.
Data last updated September 2026. Sourced from IRS Form 990-PF filings.
Data update history
(7)
When this profile's IRS filing data changed on Grantable
- Updated Form 990-PF for fiscal year 2020 (received by the IRS September 14, 2021)
- Updated Form 990-PF for fiscal year 2021 (received by the IRS April 21, 2022)
- Updated Form 990-PF for fiscal year 2022 (received by the IRS May 10, 2023)
- Updated Form 990-PF for fiscal year 2023 (received by the IRS August 13, 2024)
- Updated Form 990-PF for fiscal year 2024 (received by the IRS September 16, 2025)
- Updated Form 990-PF for fiscal year 2025 (received by the IRS March 24, 2026)
- IRS filings on file for fiscal years 2020–2025
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