The Michael T Mccormick Jr Memorial

Foundation · Grantmaker WEST ORANGE, NJ EIN: 27-1173025

The Michael T Mccormick Jr Memorial is a private foundation focused on Education, based in WEST ORANGE, NJ. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $777 in total assets. In 2024, it awarded 2 grants totaling $5K.

Financial Overview

From 2024 IRS Form 990-PF · View filing

Total Assets

$777

-90.3% YoY

Annual Giving

$5K

-13.7% YoY

Grant Count

+0.0% YoY

Avg Grant Size

$2K

-13.7% YoY

Under IRS private-foundation payout rules, The Michael T Mccormick Jr Memorial reported a distributable amount of $16 for 2024 — the minimum it must pay out in qualifying distributions.

About The Michael T Mccormick Jr Memorial

Based on IRS filings

Focus Areas

Education

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Geographic Focus

Where this funder awards grants

Grant Distribution by State

New Jersey $21K (99%)

New York $105 (1%)

States

New Jersey New York

Cities

New YorkWest Orange

Financial History

Multi-year comparison from IRS filings

Revenue

Expenses

Qualifying Distributions

Net Investment Income

Metric	2024	2023	2022
Total Assets	$777	$8,001	$14,768
Revenue	$5	$505	$7
Expenses	$7,229	$7,272	$2,211
Qualifying Distributions	$7,196	$7,239	$2,178
Net Investment Income	—	—	—
Distributable Amount	$16	$594	$781

Giving Over Time

Total grant dollars and number of grants per year

Grant Insights

How this funder distributes its grants

Top Recipients

Top 2 recipients in 2024

Grant Size Distribution

12 grants across all recorded years

Giving History

Grant recipients and amounts by year

Among its reported 2024 grants, the largest include Seton Hall Prep ($4,000), Various Organiztionsindividuals ($500).

Recipient	Purpose	Amount
SETON HALL PREP WEST ORANGE, NJ	SCHOLARSHIPS/CHARITABLE DONATIONS/ GENERALPURPOSE OF THE CHARITY	$4,000
VARIOUS ORGANIZTIONSINDIVIDUALS WEST ORANGE, NJ	DONATIONS	$500

Leadership & Key People

Officers and directors from IRS filings

Compensation Overview

From 2024 IRS filing

From 2024 filing

Name	Title	Hours	Compensation
KAREN KODMAN MCCORMICK	PRESIDENT	—	—
MICHAEL T MCCORMICK SR	VICE PRESIDENT	—	—
BRIAN MCCORMICK	TRUSTEE	—	—
KATHLEEN MACKENZIE	TRUSTEE	—	—
THOMAS CALLAHAN	TRUSTEE	—	—

Subject Areas

Focus areas based on grantmaking activity

Education

Frequently Asked Questions

What is The Michael T Mccormick Jr Memorial?

The Michael T Mccormick Jr Memorial is a private foundation focused on Education, based in WEST ORANGE, NJ. It holds $777 in total assets as of 2024.

How large is The Michael T Mccormick Jr Memorial?

As of 2024, The Michael T Mccormick Jr Memorial holds $777 in total assets with $5 in annual revenue. It awarded 2 grants totaling $5K in 2024.

Where does The Michael T Mccormick Jr Memorial operate?

The Michael T Mccormick Jr Memorial has awarded grants in New Jersey, New York.

What size grants does The Michael T Mccormick Jr Memorial award?

In 2024, The Michael T Mccormick Jr Memorial awarded 2 grants totaling $5K — an average of about $2K per grant, based on its IRS Form 990 filings.

How much is The Michael T Mccormick Jr Memorial required to give away each year?

Private foundations must generally distribute about 5% of their assets annually. For 2024, The Michael T Mccormick Jr Memorial reported a distributable amount of $16 on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.

What is The Michael T Mccormick Jr Memorial's EIN?

The Michael T Mccormick Jr Memorial's EIN (Employer Identification Number) is 27-1173025. IRS Form 990 filing data is available on this page for 2020–2024.