The Tracy and Clerenda Mcgrady is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in HOUSTON, TX. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $64K in total assets. In 2024, it awarded 4 grants totaling $29K.
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$64K
-46.3% YoY
Annual Giving
$29K
+241.2% YoY
Grant Count
4
+100.0% YoY
Avg Grant Size
$7K
+70.6% YoY
Under IRS private-foundation payout rules, The Tracy and Clerenda Mcgrady reported a distributable amount of $4K for 2024 — the minimum it must pay out in qualifying distributions.
About The Tracy and Clerenda Mcgrady
Based on IRS filings
The Tracy and Clerenda Mcgrady is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in HOUSTON, TX. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $64K in total assets. In 2024, it awarded 4 grants totaling $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 | $64,089 | $119,293 | $3,032 |
| Revenue | — | $125,025 | $2,710 |
| Expenses | $35,204 | $8,764 | $2,712 |
| Qualifying Distributions | $29,000 | $8,500 | — |
| Net Investment Income | — | — | — |
| Distributable Amount | $3,843 | $2,346 | $128 |
Giving Over Time
Total grant dollars and number of grants per year
Grant Insights
How this funder distributes its grants
Top Recipients
Top 4 recipients in 2024
Grant Size Distribution
6 grants across all recorded years
Giving History
Grant recipients and amounts by year
Among its reported 2024 grants, the largest include Auburndale High School - Auburndale Young Men's Basketball ($10,000), Push Girls Academy ($10,000), Exceed America Educational Academy Inc ($6,500).
| Recipient | Purpose | Amount |
|---|---|---|
| EXCEED AMERICA EDUCATIONAL ACADEMY INC HOUSTON, TX | GENERAL USE | $6,500 |
| AUBURNDALE HIGH SCHOOL - AUBURNDALE YOUNG MEN'S BASKETBALL AUBURNDALE, FL | GENERAL USE | $10,000 |
| WORD OF RESTORATION INTERNATIONAL CHURCH FRESNO, TX | MISSION TRIP DONATION | $2,500 |
| PUSH GIRLS ACADEMY HOUSTON, TX | PUSH GIRLS SENIOR TRIP | $10,000 |
Leadership & Key People
Officers and directors from IRS filings
Compensation Overview
From 2024 IRS filing
From 2024 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| TRACY L MCGRADY JR | PRESIDENT | 0.5 | — |
| WAYNE R HALL | DIRECTOR | 0.25 | — |
| JOHNNIE E LAWSON | DIRECTOR | 0.25 | — |
Subject Areas
Focus areas based on grantmaking activity
Frequently Asked Questions
What is The Tracy and Clerenda Mcgrady?
The Tracy and Clerenda Mcgrady is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in HOUSTON, TX. It holds $64K in total assets as of 2024.
How large is The Tracy and Clerenda Mcgrady?
As of 2024, The Tracy and Clerenda Mcgrady holds $64K in total assets. It awarded 4 grants totaling $29K in 2024.
Where does The Tracy and Clerenda Mcgrady operate?
The Tracy and Clerenda Mcgrady has awarded grants in Florida, Texas.
What size grants does The Tracy and Clerenda Mcgrady award?
In 2024, The Tracy and Clerenda Mcgrady awarded 4 grants totaling $29K — an average of about $7K per grant, based on its IRS Form 990 filings.
How much is The Tracy and Clerenda Mcgrady required to give away each year?
Private foundations must generally distribute about 5% of their assets annually. For 2024, The Tracy and Clerenda Mcgrady reported a distributable amount of $4K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.
What is The Tracy and Clerenda Mcgrady's EIN?
The Tracy and Clerenda Mcgrady's EIN (Employer Identification Number) is 58-2607562. 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.
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