The Valerye H McCarthy Charitable Foundation
The Valerye H McCarthy Charitable Foundation is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in CHICAGO, IL. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $288K in total assets. In 2024, it awarded 11 grants totaling $25K. Net investment income was $7K.
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$288K
-3.5% YoY
Annual Giving
$25K
+16.7% YoY
Grant Count
11
+175.0% YoY
Avg Grant Size
$2K
-57.6% YoY
Under IRS private-foundation payout rules, The Valerye H McCarthy Charitable Foundation reported a distributable amount of $24K for 2024 — the minimum it must pay out in qualifying distributions.
About The Valerye H McCarthy Charitable Foundation
Based on IRS filings
The Valerye H McCarthy Charitable Foundation is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in CHICAGO, IL. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $288K in total assets. In 2024, it awarded 11 grants totaling $25K. Net investment income was $7K.
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 | $287,541 | $297,890 | $302,103 |
| Revenue | $9,888 | $50,511 | $-7,337 |
| Expenses | $35,237 | $40,199 | $33,600 |
| Qualifying Distributions | $32,012 | $34,439 | $29,969 |
| Net Investment Income | $6,663 | $44,751 | $5,846 |
| Distributable Amount | $23,637 | $18,568 | $21,544 |
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
30 grants across all recorded years
Giving History
Grant recipients and amounts by year
Among its reported 2024 grants, the largest include Howard & Evanston Community Center ($10,000), Regina Dominican High School ($5,000), Josephinum Academy ($2,500).
| Recipient | Purpose | Amount |
|---|---|---|
| FD Now Buffalo Grove, IL | Charitable | $500 |
| Gift of Adoption Funds Techny, IL | Charitable | $1,000 |
| Howard & Evanston Community Center Chicago, IL | Charitable | $10,000 |
| Josephinum Academy Chicago, IL | Charitable | $2,500 |
| Little Sisters of the PoorSt Marys Home Chicago, IL | Charitable | $1,000 |
| Misericordia Chicago, IL | Charitable | $1,000 |
| NPH USA Chicago, IL | Charitable | $1,000 |
| Open Studio Project Evanston, IL | Charitable | $500 |
| Regina Dominican High School Wilmette, IL | Charitable | $5,000 |
| Society of the Sacred Heart St Louis, MO | Charitable | $1,000 |
Leadership & Key People
Officers and directors from IRS filings
Compensation Overview
From 2024 IRS filing
From 2024 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| Maureen J Kelly | President | 1 | — |
| Walter Robinson | Treasurer | 1 | — |
| Patrick Pope | Director | 1 | — |
Subject Areas
Focus areas based on grantmaking activity
Frequently Asked Questions
What is The Valerye H McCarthy Charitable Foundation?
The Valerye H McCarthy Charitable Foundation is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in CHICAGO, IL. It holds $288K in total assets as of 2024.
How large is The Valerye H McCarthy Charitable Foundation?
As of 2024, The Valerye H McCarthy Charitable Foundation holds $288K in total assets with $10K in annual revenue. It awarded 11 grants totaling $25K in 2024.
Where does The Valerye H McCarthy Charitable Foundation operate?
The Valerye H McCarthy Charitable Foundation has awarded grants in Iowa, Illinois, Maryland, Missouri.
What size grants does The Valerye H McCarthy Charitable Foundation award?
In 2024, The Valerye H McCarthy Charitable Foundation awarded 11 grants totaling $25K — an average of about $2K per grant, based on its IRS Form 990 filings.
How much is The Valerye H McCarthy Charitable Foundation required to give away each year?
Private foundations must generally distribute about 5% of their assets annually. For 2024, The Valerye H McCarthy Charitable Foundation reported a distributable amount of $24K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.
What is The Valerye H McCarthy Charitable Foundation's EIN?
The Valerye H McCarthy Charitable Foundation's EIN (Employer Identification Number) is 81-3514407. IRS Form 990 filing data is available on this page for 2020–2024.
Explore Open Grants
Browse active grant opportunities in The Valerye H McCarthy Charitable Foundation's focus areas in our free grants database
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Data last updated April 2026. Sourced from IRS Form 990-PF filings.