The Valerye H McCarthy Charitable Foundation
The Valerye H McCarthy Charitable Foundation is a private foundation, based in Chicago, IL. IRS filing data is available from 2020 through 2025. As of 2025, the organization holds $262K in total assets. In 2025, it awarded 6 grants totaling $25K. Net investment income was $6K.
Key facts about The Valerye H McCarthy Charitable Foundation
In short: The Valerye H McCarthy Charitable Foundation gave $25K across 6 grants in 2025 (avg $4K), mostly in Illinois. Source: 2025 IRS Form 990-PF.
- EIN
- 81-3514407
- Latest 990 filing
- Form 990-PF, 2025
- Annual giving (2025)
- $24,500
- Grants made (2025)
- 6
- Average grant
- $4,083
- Median grant
- $3,250
- Total assets
- $261,563
- Primary geography
- Illinois (94% of itemized 2025 grant dollars)
Data from IRS Form 990-PF, 2025; updated September 2026.
Financial Overview
From 2025 IRS Form 990-PF · View filing
Total Assets
$262K
-9.0% YoY
Annual Giving
$25K
+0.0% YoY
Grant Count
6
-45.5% YoY
Avg Grant Size
$4K
+83.3% YoY
Under IRS private-foundation payout rules, The Valerye H McCarthy Charitable Foundation reported a distributable amount of $24K for 2025 — the minimum it must pay out in qualifying distributions.
How The Valerye H McCarthy Charitable Foundation gives
- Giving held roughly steady from 2022 to 2025 (+14%). Method
- In 2025 it paid out 130% of its IRS minimum distribution (the 5% rule). Method
From the foundation's IRS Form 990-PF filings. Methodology.
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Geographic Focus
Where this funder awards grants
Grant Distribution by State
Share of 2025 grant dollars across all 6 itemized grants.
Cities
Giving Over Time
Total grant dollars and number of grants per year
From 2020 to 2025, annual grant giving ranged from $21K (2023) to $29K (2020). In 2025 it made 6 grants totaling $25K.
Grant Insights
How this funder distributes its grants
Top Recipients
Top 6 recipients in 2025
The largest 2025 recipient was Howard & Evanston Community Center ($10K). Together the top 6 received $25K.
Grant Size Distribution
30 grants across all recorded years
The most common grant size was under $50K: 30 grants of 30 (100%).
Giving History
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| Howard & Evanston Community Center Chicago, IL | Charitable | $10,000 |
| Misericordia Chicago, IL | Charitable | $5,000 |
| Regina Dominican High School Wilmette, IL | Charitable | $5,000 |
| Little Sisters of the PoorSt Marys Home Chicago, IL | Charitable | $1,500 |
| NPH USA Chicago, IL | Charitable | $1,500 |
| Sisters of Charity of the BVM Dubuque, IA | Charitable | $1,500 |
Financial History
Multi-year comparison from IRS filings
| Metric | 2025 | 2024 | 2023 |
|---|---|---|---|
| Total Assets | $261,563 | $287,541 | $297,890 |
| Revenue | $9,253 | $9,888 | $50,511 |
| Expenses | $34,608 | $35,237 | $40,199 |
| Qualifying Distributions | $31,572 | $32,012 | $34,439 |
| Net Investment Income | $6,217 | $6,663 | $44,751 |
| Distributable Amount | $24,244 | $23,637 | $18,568 |
Data update history
When this profile's IRS filing data changed on Grantable
- Added Form 990-PF for fiscal year 2025 (received by the IRS May 15, 2026)
- IRS filings on file for fiscal years 2020–2024
Leadership & Key People
Officers and directors from IRS filings
The Valerye H McCarthy Charitable Foundation is led by Maureen J Kelly, President on every filing since 2020; none of the 3 officers listed in 2025 report compensation.
Officers on the 2025 filing
Maureen J Kelly
President
On filings since 2020
1 hr/week
No compensation reported
Patrick Pope
Director
On filings since 2020
1 hr/week
No compensation reported
Walter Robinson
Treasurer
On filings since 2020
1 hr/week
No compensation reported
Former officers (2)
- Former: Benjamin Kelly Ivory (2020–2022) — Director
- Former: Ryun Kelly Ivory (2020–2022) — Director
Data from IRS Form 990 filings, 2020–2025. "On filings since" is the earliest filing we hold that lists the person; hours are average hours per week as reported.
Frequently asked questions about The Valerye H McCarthy Charitable Foundation
How much does The Valerye H McCarthy Charitable Foundation give each year?
The Valerye H McCarthy Charitable Foundation gave $25K across 6 grants in 2025, according to its 2025 IRS Form 990-PF. In 2024 it gave $25K across 11 grants.
What is The Valerye H McCarthy Charitable Foundation's typical grant size?
The Valerye H McCarthy Charitable Foundation's median grant in 2025 was $3,250, and its average grant was $4,083, across 6 grants on its 2025 IRS Form 990-PF.
Where does The Valerye H McCarthy Charitable Foundation give grants?
The Valerye H McCarthy Charitable Foundation gives mostly in Illinois: 94% of the grant dollars itemized on its 2025 IRS Form 990-PF went to recipients there. The next largest state was Iowa (6%). The most frequent recipient cities were Chicago, IL (4 grants).
Does The Valerye H McCarthy Charitable Foundation give general operating support?
Not in 2025: none of the 6 grants with a stated purpose on The Valerye H McCarthy Charitable Foundation's 2025 IRS Form 990-PF were described as general or operating support. Recurring purposes include "Charitable" (6 grants).
Who are The Valerye H McCarthy Charitable Foundation's largest grantees?
The Valerye H McCarthy Charitable Foundation's largest 2025 grantees include Howard & Evanston Community Center ($10,000), Misericordia ($5,000) and Regina Dominican High School ($5,000), according to its 2025 IRS Form 990-PF. Together they received 82% of its itemized 2025 grant dollars.
How large is The Valerye H McCarthy Charitable Foundation?
The Valerye H McCarthy Charitable Foundation reported $262K in total assets on its 2025 IRS Form 990-PF. It paid out $32K in qualifying distributions that year, against a required minimum of $24K (roughly 5% of its investment assets).
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 2020–2025.
Data last updated September 2026. Sourced from IRS Form 990-PF filings.
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