THE PHILIP G McCARTHEY FAMILY FOUNDATION
THE PHILIP G McCARTHEY FAMILY FOUNDATION is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in SALT LAKE CITY, UT. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $800K in total assets. In 2024, it awarded 6 grants totaling $31K. Net investment income was $29K.
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$800K
+20.0% YoY
Annual Giving
$31K
+145.6% YoY
Grant Count
6
+20.0% YoY
Avg Grant Size
$5K
+104.7% YoY
Under IRS private-foundation payout rules, THE PHILIP G McCARTHEY FAMILY FOUNDATION reported a distributable amount of $25K for 2024 — the minimum it must pay out in qualifying distributions.
About THE PHILIP G McCARTHEY FAMILY FOUNDATION
Based on IRS filings
THE PHILIP G McCARTHEY FAMILY FOUNDATION is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in SALT LAKE CITY, UT. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $800K in total assets. In 2024, it awarded 6 grants totaling $31K. Net investment income was $29K.
Focus Areas
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Geographic Focus
Where this funder awards grants
Grant Distribution by State
Cities
Financial History
Multi-year comparison from IRS filings
| Metric | 2024 | 2023 | 2022 |
|---|---|---|---|
| Total Assets | $800,128 | $666,918 | $606,332 |
| Revenue | $164,141 | $73,220 | $103,319 |
| Expenses | $30,931 | $12,634 | $41,453 |
| Qualifying Distributions | $30,700 | $12,560 | $41,252 |
| Net Investment Income | $28,910 | $14,996 | $4,217 |
| Distributable Amount | $24,521 | $17,790 | $16,530 |
Giving Over Time
Total grant dollars and number of grants per year
Grant Insights
How this funder distributes its grants
Top Recipients
Top 6 recipients in 2024
Grant Size Distribution
27 grants across all recorded years
Giving History
Grant recipients and amounts by year
Among its reported 2024 grants, the largest include Rowland Hall St Mark's School ($10,000), Cystic Fibrosis Foundation ($5,500), Sobriety Foundation ($5,000).
| Recipient | Purpose | Amount |
|---|---|---|
| Rowland Hall St Mark's School Salt Lake City, UT | Education | $10,000 |
| Sobriety Foundation Provo, UT | Program Funding | $5,000 |
| Maliheh Free Clinic Millcreek, UT | Program Funding | $1,000 |
| Salt Lake City Police Foundation Salt Lake City, UT | Program Funding | $5,000 |
| Gonzaga University Spokane, WA | Education | $4,200 |
| Cystic Fibrosis Foundation Salt Lake City, UT | Program Funding | $5,500 |
Leadership & Key People
Officers and directors from IRS filings
Compensation Overview
From 2024 IRS filing
From 2024 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| Philip G McCarthey | Trustee | 3 | — |
| Sandra McCarthey | Trustee | 3 | — |
| Molly E McCarthey Spain | Trustee | 1 | — |
| Mairin J McCarthey | Trustee | 1 | — |
Subject Areas
Focus areas based on grantmaking activity
Frequently Asked Questions
What is THE PHILIP G McCARTHEY FAMILY FOUNDATION?
THE PHILIP G McCARTHEY FAMILY FOUNDATION is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in SALT LAKE CITY, UT. It holds $800K in total assets as of 2024.
How large is THE PHILIP G McCARTHEY FAMILY FOUNDATION?
As of 2024, THE PHILIP G McCARTHEY FAMILY FOUNDATION holds $800K in total assets with $164K in annual revenue. It awarded 6 grants totaling $31K in 2024.
Where does THE PHILIP G McCARTHEY FAMILY FOUNDATION operate?
THE PHILIP G McCARTHEY FAMILY FOUNDATION has awarded grants in District of Columbia, Iowa, Massachusetts, Utah, Washington.
What size grants does THE PHILIP G McCARTHEY FAMILY FOUNDATION award?
In 2024, THE PHILIP G McCARTHEY FAMILY FOUNDATION awarded 6 grants totaling $31K — an average of about $5K per grant, based on its IRS Form 990 filings.
How much is THE PHILIP G McCARTHEY FAMILY FOUNDATION required to give away each year?
Private foundations must generally distribute about 5% of their assets annually. For 2024, THE PHILIP G McCARTHEY FAMILY FOUNDATION reported a distributable amount of $25K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.
What is THE PHILIP G McCARTHEY FAMILY FOUNDATION's EIN?
THE PHILIP G McCARTHEY FAMILY FOUNDATION's EIN (Employer Identification Number) is 87-0624010. IRS Form 990 filing data is available on this page for 2020–2024.
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Data last updated April 2026. Sourced from IRS Form 990-PF filings.