William & Lisa Mcgahan Family Foundation
William & Lisa Mcgahan Family Foundation is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in DORADO, PR. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $2.7M in total assets. In 2024, it awarded 24 grants totaling $207K. Net investment income was $267K.
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$2.7M
-0.2% YoY
Annual Giving
$207K
+51.8% YoY
Grant Count
24
-11.1% YoY
Avg Grant Size
$9K
+70.8% YoY
Under IRS private-foundation payout rules, William & Lisa Mcgahan Family Foundation reported a distributable amount of $148K for 2024 — the minimum it must pay out in qualifying distributions.
About William & Lisa Mcgahan Family Foundation
Based on IRS filings
William & Lisa Mcgahan Family Foundation is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in DORADO, PR. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $2.7M in total assets. In 2024, it awarded 24 grants totaling $207K. Net investment income was $267K.
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 | $2,717,674 | $2,724,020 | $2,554,644 |
| Revenue | $266,652 | $234,400 | $-371,173 |
| Expenses | $139,882 | $141,685 | $565,703 |
| Qualifying Distributions | $207,411 | $136,624 | $127,972 |
| Net Investment Income | $266,652 | $234,380 | $73,291 |
| Distributable Amount | $147,750 | $131,205 | $131,012 |
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
136 grants across all recorded years
Giving History
Grant recipients and amounts by year
Among its reported 2024 grants, the largest include Cornell University ($72,279), The Howard School ($60,000), Westminister ($18,150).
| Recipient | Purpose | Amount |
|---|---|---|
| BACK ON MY FEET PHILADELPHIA, PA | GENERAL SUPPORT | $250 |
| ATLANTA YOUTH ACADEMY ATLANTA, GA | GENERAL SUPPORT | $975 |
| CHANGING LIVES IN GUATEMALA DORADO, PR | GENERAL SUPPORT | $1,522 |
| EDIFY BOSTON, MA | GENERAL SUPPORT | $1,000 |
| CAMP TWIN LAKES ATLANTA, GA | GENERAL SUPPORT | $15,357 |
| CARE ATLANTA, GA | GENERAL SUPPORT | $10,000 |
| GLOBAL GIVING WASHINGTON, DC | GENERAL SUPPORT | $490 |
| CORNELL UNIVERSITY ITHACA, NY | GENERAL SUPPORT | $72,279 |
| GOOD SPORTS FOR JACK EGAN BRAINTREE, MA | GENERAL SUPPORT | $1,030 |
| FROM HOUSES TO HOMES MT TABOR, NJ | GENERAL SUPPORT | $10,408 |
Leadership & Key People
Officers and directors from IRS filings
Compensation Overview
From 2024 IRS filing
From 2024 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| WILLIAM C MCGAHAN | PRESIDENT/SECRETARY | 8 | — |
| LISA O MCGAHAN | TREASURER | 2 | — |
Subject Areas
Focus areas based on grantmaking activity
Frequently Asked Questions
What is William & Lisa Mcgahan Family Foundation?
William & Lisa Mcgahan Family Foundation is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in DORADO, PR. It holds $2.7M in total assets as of 2024.
How large is William & Lisa Mcgahan Family Foundation?
As of 2024, William & Lisa Mcgahan Family Foundation holds $2.7M in total assets with $267K in annual revenue. It awarded 24 grants totaling $207K in 2024.
Where does William & Lisa Mcgahan Family Foundation operate?
William & Lisa Mcgahan Family Foundation has awarded grants in Arkansas, California, Colorado, Connecticut, District of Columbia, Georgia, Iowa, Massachusetts, Michigan, North Carolina, New Hampshire, New Jersey, New York, Pennsylvania, Pr, South Carolina, Tennessee, Utah, Virginia.
What size grants does William & Lisa Mcgahan Family Foundation award?
In 2024, William & Lisa Mcgahan Family Foundation awarded 24 grants totaling $207K — an average of about $9K per grant, based on its IRS Form 990 filings.
How much is William & Lisa Mcgahan Family Foundation required to give away each year?
Private foundations must generally distribute about 5% of their assets annually. For 2024, William & Lisa Mcgahan Family Foundation reported a distributable amount of $148K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.
What is William & Lisa Mcgahan Family Foundation's EIN?
William & Lisa Mcgahan Family Foundation's EIN (Employer Identification Number) is 90-0771779. IRS Form 990 filing data is available on this page for 2020–2024.
Explore Open Grants
Browse active grant opportunities in William & Lisa Mcgahan Family 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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