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
**
Ready to take the next step with The Mcwethy Foundation?
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
No grants recorded for .
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
Related Funders
Similar funders by location and focus area
William Z Hayes Foundation
DALLAS, TX
Assets
$629K
Grants
4
Total Given
$28K
Tr Uw Jane James Cook Item 19
DALLAS, TX
Assets
$861K
Grants
11
Total Given
$41K
Forsyth Fbo Leonard Wood Memorial
DALLAS, TX
Assets
$320K
Grants
1
Total Given
$18K
Teas Foundation
AMARILLO, TX
Assets
$3.0M
Grants
3
Total Given
$138K
Harold D Miller Endowment Fund
DALLAS, TX
Assets
$890K
Grants
1
Total Given
$44K
Amarillo Business Foundation
AMARILLO, TX
Assets
$4.2M
Grants
13
Total Given
$222K
Data last updated April 2026. Sourced from IRS Form 990-PF filings. Research dossier generated April 2026.
What could you do with The Mcwethy Foundation on Grantable?
- Assess strategic fit with your organization
- Draft a tailored letter of inquiry
- Find open RFPs from this funder
- Monitor for new funding opportunities