The Mcwethy Foundation
The McWethy Foundation is a private, family-based grantmaking foundation established in 1993 and headquartered in Dallas, Texas. The foundation operates as a 501(c)(3) charitable organization with tax-exempt status since April 1994.
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
—
Annual Giving
$522K
+3.4% YoY
Grant Count
34
+3300.0% YoY
Avg Grant Size
$15K
-97.0% YoY
Mission & Focus Areas
The foundation does not maintain a publicly stated mission statement. However, based on its grant activity, the foundation supports initiatives in the following areas:
- Education and higher education
- Health care, including in-patient medical care and hospital care
- Diseases and conditions
- Religion, particularly Christianity and Protestantism
- Human services, including family services and child welfare
- Philanthropy and grantmaking
Grantmaking
The foundation made 34 grants totaling approximately $522,000–$591,000 in its most recent fiscal year (2024). Recent grantees include Samaritan's Purse ($60,000), Wheaton Academy ($50,000), and American Transparency ($30,000).
Grant Range
$2,000–$60,000
Review Cycle
or restrictions on applications.
How to Apply
**
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Geographic Focus
Where this funder awards grants
The foundation's primary funding focus is Rhode Island, though it also supports organizations in Illinois, Virginia, and Michigan.
Grant Distribution by State
States
Cities
Financial History
Multi-year comparison from IRS filings
Assets & Giving (2024):
- Total assets: $8,137,371
- Total revenues: $1,888,647
- Total expenses: $715,059
- Total distributions: $591,000
Asset Composition:
- Investment income and dividends: $226,727
- Net gain from sale of non-inventory assets: $1,661,920
The foundation has limited paid staffing, operating primarily through its volunteer board members.
| Metric | 2024 | 2023 | 2022 |
|---|---|---|---|
| Total Assets | — | — | — |
| Revenue | — | — | — |
| Expenses | — | — | — |
| Qualifying Distributions | — | — | — |
| Net Investment Income | — | — | — |
| Distributable Amount | — | — | — |
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
37 grants across all recorded years
Giving History
Grant recipients and amounts by year
Among its reported 2024 grants, the largest include Samaritan's Purse ($60,000), Wheaton Academy ($50,000), American Transparency ($30,000).
| Recipient | Purpose | Amount |
|---|---|---|
| GOLDWATER INSTITUTE Phoenix, AZ | UNRESTRICTED GENERAL | $5,000 |
| American Transparency Hinsdale, IL | UNRESTRICTED GENERAL | $30,000 |
| Chapelstreet Church Genevea, IL | UNRESTRICTED GENERAL | $5,000 |
| DuPage Foundation Downers Grove, IL | UNRESTRICTED GENERAL | $5,000 |
| Easter Seals DuPage & Fox Valley Villa Park, IL | UNRESTRICTED GENERAL | $2,000 |
| Heritage Foundation Washington, DC | UNRESTRICTED GENERAL | $25,000 |
| Hillsdale College Hillsdale, MI | UNRESTRICTED GENERAL | $15,000 |
| Homes for our Troops Taunton, MA | UNRESTRICTED GENERAL | $10,000 |
| Honor Flight Chicago Rosemont, IL | UNRESTRICTED GENERAL | $10,000 |
| Ann & Robert H Lurie Children's Hospita Chicago, IL | UNRESTRICTED GENERAL | $15,000 |
Leadership & Key People
Leadership team and compensation from IRS filings
The foundation is led by a board of directors serving without compensation:
- Todd D McWethy, Director
- Susan McWethy, Director
- Gretchen Hupke, Director
- Karen Hagnell, Director
Bank of America N.A. provides fiduciary services to the foundation.
Compensation Overview
From 2024 IRS filing
From 2024 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| Todd D McWethy | Director | 1 | — |
| Susan McWethy | Director | 1 | — |
| Gretchen Hupke | Director | 1 | — |
| Karen Hagnell | Director | 1 | — |
Contact Information
Mailing Address: PO Box 653067 Dallas, TX 75265
Administrative Contact: Bank of America N.A. 110 N W Chicago, IL 60606 (312) 828-3603
Phone: (888) 866-3275
Frequently Asked Questions
What does The Mcwethy Foundation fund?
The foundation does not maintain a publicly stated mission statement. However, based on its grant activity, the foundation supports initiatives in the following areas: • Education and higher education • Health care, including in-patient medical care and hospital care • Diseases and conditions • Religion, particularly Christianity and Protestantism • Human services, including family services and child welfare • Philanthropy and grantmaking
How do I apply for a grant from The Mcwethy Foundation?
**Grant Characteristics:** • Typical grant range: $2,000–$60,000 • Median grant size: $10,000 • Grant type: Primarily unrestricted general support **Recent Grant Activity:** The foundation made 34 grants totaling approximately $522,000–$591,000 in its most recent fiscal year (2024). Recent grantees include Samaritan's Purse ($60,000), Wheaton Academy ($50,000), and American Transparency ($30,000). **Application Process:** No formal application is required. The foundation has no stated deadlines…
Where does The Mcwethy Foundation make grants?
The foundation's primary funding focus is Rhode Island, though it also supports organizations in Illinois, Virginia, and Michigan.
What size grants does The Mcwethy Foundation award?
In 2024, The Mcwethy Foundation awarded 34 grants totaling $522K — an average of about $15K per grant, based on its IRS Form 990 filings.
What is The Mcwethy Foundation's EIN?
The Mcwethy Foundation's EIN (Employer Identification Number) is 36-3912789. IRS Form 990 filing data is available on this page for 2020–2024.
Explore Open Grants
Browse active grant opportunities in The Mcwethy Foundation's focus areas in our free grants database
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Data last updated June 2026. Sourced from IRS Form 990-PF filings. Research dossier generated April 2026.
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