Thomas R & Elizabeth E Mclean
The Thomas R & Elizabeth E McLean Foundation is a private independent foundation based in Fayetteville, North Carolina. Established in 1998, the foundation is organized as a 501(c)(3) nonprofit corporation and operates as a grantmaking foundation focused on improving quality of life in the region.
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$25.2M
+15.3% YoY
Annual Giving
$1.3M
+20.4% YoY
Grant Count
19
-9.5% YoY
Avg Grant Size
$67K
+33.1% YoY
Mission & Focus Areas
The foundation's primary mission is to improve the quality of life in Cumberland County, North Carolina.
The foundation supports the following areas of interest:
- Human services
- Health
- Education
- Children and youth
- Arts and culture
- Philanthropy, voluntarism, and grantmaking
Grantmaking
Grant Range
$2,500 to $250,000
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Geographic Focus
Where this funder awards grants
The foundation primarily supports nonprofit organizations in North Carolina, with emphasis on Cumberland County.
Grant Distribution by State
States
Cities
Financial History
Multi-year comparison from IRS filings
Assets & Giving (2024):
- Total assets: $25.2 million
- Total annual giving: $1.3 million
- Total revenue: $5.23 million
- Total expenses: $1.89 million
- Total liabilities: $5,450
| Metric | 2024 | 2023 | 2022 |
|---|---|---|---|
| Total Assets | $25,190,856 | $21,851,702 | $21,683,754 |
| Revenue | $5,229,818 | $1,844,155 | $954,274 |
| Expenses | $1,894,253 | $1,669,501 | $1,894,124 |
| Qualifying Distributions | $1,510,154 | $1,282,125 | $1,413,629 |
| Net Investment Income | $4,892,294 | $1,564,816 | $892,680 |
| Distributable Amount | $1,460,233 | $1,338,827 | $1,354,835 |
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
105 grants across all recorded years
Giving History
Grant recipients and amounts by year
No grants recorded for .
Leadership & Key People
Leadership team and compensation from IRS filings
The foundation is led by the following officers:
- Jennifer Elam — President (25 hours/week, $81,000 compensation)
- Angela Ashworth — Vice-President/Secretary (25 hours/week, $80,000 compensation)
- Paul Elam — Vice-President/Treasurer (5 hours/week, $61,000 compensation)
- Claire Shaw — Vice-President (20 hours/week, $61,000 compensation)
- Faison Covington — Vice-President/Assistant Secretary (5 hours/week, $61,000 compensation)
Compensation Overview
From 2024 IRS filing
From 2024 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| ANGELA ASHWORTH | VICE-PRESIDENT / SECRETARY | 25 | $81,100 |
| PAUL ELAM | VICE-PRESIDENT / TREASURER | 5 | $70,254 |
| JENNIFER ELAM | PRESIDENT | 25 | $90,254 |
| CLAIRE SHAW | VICE-PRESIDENT | 20 | $70,254 |
| FAISON COVINGTON | VICE-PRESIDENT / ASST SECR | 5 | $70,254 |
| KENSLEY EDGE | VICE-PRESIDENT / PUBLIC RELATIONS | 25 | $47,500 |
Contact Information
Mailing Address: PO Box 58329 Fayetteville, NC 28305-8329
Office Address: 400 Westwood Shopping Center Suite 210 Fayetteville, NC 28314
Telephone: 910-252-8858
EIN: 31-1470721
Subject Areas
Focus areas based on grantmaking activity
Related Funders
Similar funders by location and focus area
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Data last updated April 2026. Sourced from IRS Form 990-PF filings. Research dossier generated April 2026.
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