Timothy Mcelroy Foundation is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in MILFORD, MI. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $943K in total assets. In 2024, it awarded 2 grants totaling $120K. Net investment income was $47K.
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$943K
-7.3% YoY
Annual Giving
$120K
+20.0% YoY
Grant Count
2
+0.0% YoY
Avg Grant Size
$60K
+20.0% YoY
Under IRS private-foundation payout rules, Timothy Mcelroy Foundation reported a distributable amount of $46K for 2024 — the minimum it must pay out in qualifying distributions.
About Timothy Mcelroy Foundation
Based on IRS filings
Timothy Mcelroy Foundation is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in MILFORD, MI. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $943K in total assets. In 2024, it awarded 2 grants totaling $120K. Net investment income was $47K.
Focus Areas
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Geographic Focus
Where this funder awards grants
Grant Distribution by State
States
Cities
Financial History
Multi-year comparison from IRS filings
| Metric | 2024 | 2023 | 2022 |
|---|---|---|---|
| Total Assets | $943,079 | $1,017,372 | $1,077,009 |
| Revenue | $47,362 | $40,883 | $10,794 |
| Expenses | $121,655 | $100,520 | $100,495 |
| Qualifying Distributions | $120,000 | $100,000 | $100,000 |
| Net Investment Income | $47,362 | $40,883 | $10,794 |
| Distributable Amount | $45,789 | $51,006 | $55,102 |
Giving Over Time
Total grant dollars and number of grants per year
Grant Insights
How this funder distributes its grants
Top Recipients
Top 2 recipients in 2024
Grant Size Distribution
12 grants across all recorded years
Giving History
Grant recipients and amounts by year
Among its reported 2024 grants, the largest include Power Company Kids Club ($70,000), House of Providence ($50,000).
| Recipient | Purpose | Amount |
|---|---|---|
| HOUSE OF PROVIDENCE OXFORD, MI | MAKING A WAY FOR FOSTER CHILDREN TO BE PLACED IN FAMILIES | $50,000 |
| POWER COMPANY KIDS CLUB PONTIAC, MI | TO PROMOTE THE EMOTIONAL, PHYSICAL, SPIRITUAL AND SOCIAL WELL-BEING OF THE AT RISK CHILDREN | $70,000 |
Leadership & Key People
Officers and directors from IRS filings
Compensation Overview
From 2024 IRS filing
From 2024 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| CHRISTOPHER MCELROY | PRESIDENT | — | — |
| KARYN A HOPP | VICE PRESIDENT | — | — |
| KIMBERLY MCELROY | SECRETARY & TREASURER | — | — |
Subject Areas
Focus areas based on grantmaking activity
Frequently Asked Questions
What is Timothy Mcelroy Foundation?
Timothy Mcelroy Foundation is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in MILFORD, MI. It holds $943K in total assets as of 2024.
How large is Timothy Mcelroy Foundation?
As of 2024, Timothy Mcelroy Foundation holds $943K in total assets with $47K in annual revenue. It awarded 2 grants totaling $120K in 2024.
Where does Timothy Mcelroy Foundation operate?
Timothy Mcelroy Foundation has awarded grants in California, Michigan.
What size grants does Timothy Mcelroy Foundation award?
In 2024, Timothy Mcelroy Foundation awarded 2 grants totaling $120K — an average of about $60K per grant, based on its IRS Form 990 filings.
How much is Timothy Mcelroy Foundation required to give away each year?
Private foundations must generally distribute about 5% of their assets annually. For 2024, Timothy Mcelroy Foundation reported a distributable amount of $46K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.
What is Timothy Mcelroy Foundation's EIN?
Timothy Mcelroy Foundation's EIN (Employer Identification Number) is 30-0040762. IRS Form 990 filing data is available on this page for 2020–2024.
Explore Open Grants
Browse active grant opportunities in Timothy Mcelroy 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.
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