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Dale & Nancy Mcghee Foundation Inc. is a private corporation based in DURHAM, NC. The foundation received its IRS ruling in 2016. The principal officer is Lawrence Mcghee. It holds total assets of $417K. Annual income is reported at $25K. Total assets have grown from $261K in 2019 to $326K in 2023. The foundation is governed by 3 officers and trustees. The foundation operates in the area of philanthropy & grantmaking. According to its most recent filing, the foundation only makes contributions to preselected charitable organizations. Tax records are available from 2020 to 2023. The foundation primarily funds organizations in North Carolina and Virginia. According to available records, Dale & Nancy Mcghee Foundation Inc. has made 23 grants totaling $60K, with a median grant of $3K. Annual giving has grown from $15K in 2020 to $30K in 2022. Individual grants have ranged from $2K to $3K, with an average award of $3K. The foundation has supported 11 unique organizations. The foundation primarily supports organizations in North Carolina, Virginia, California, which account for 96% of all grants. Grantmaking reaches organizations across 4 states. Contributions to this foundation are tax-deductible.
Smallest Grant
$3K
Median Grant
$3K
Average Grant
$3K
Largest Grant
$3K
Based on 6 grants from the most recent 990-PF filing.
No program descriptions are available for this foundation. Many private foundations report program activities in their annual 990-PF filings — check the Tax Filings section below for the most recent filing.
Dale & Nancy Mcghee Foundation Inc. primarily funds organizations in the area of philanthropy & grantmaking. Based on available records, the foundation has funded 23 grants. Its grantmaking reaches organizations primarily in NC, VA, CA.
Dale & Nancy Mcghee Foundation Inc. has distributed a total of $60K across 23 grants. The median grant size is $3K, with an average of $3K. Individual grants have ranged from $2K to $3K.
Dale & Nancy Mcghee Foundation Inc. typically selects its grantees rather than accepting unsolicited proposals.
Dale & Nancy Mcghee Foundation Inc. is headquartered in DURHAM, NC. While based in NC, the foundation distributes grants to organizations across 4 states.
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| Name | Title | Compensation | Benefits | Total |
|---|---|---|---|---|
| Lawrence Dale Mcghee Jr | PRES AND TRE | $0 | $0 | N/A |
| Lawrence Dale Mcghee Sr | PRESIDENT | $0 | $0 | N/A |
| Maureen A Hannahoe | SECRETARY | $0 | $0 | N/A |
Total Giving
$17K
Total Assets
$326K
Fair Market Value
$326K
Net Worth
$326K
Grants Paid
$17K
Contributions
N/A
Net Investment Income
$17K
Distribution Amount
$15K
Total Grants
23
Total Giving
$60K
Average Grant
$3K
Median Grant
$3K
Unique Recipients
11
Most Common Grant
$3K
of 2022 grantees were first-time recipients
| Recipient | Location | Amount | Year |
|---|---|---|---|
| American Cancer SocietyCHARITABLE | Raleigh, NC | $3K | 2022 |
| University Of VirginiaCHARITABLE | Charlottesville, VA | $3K | 2022 |
| St Mary'S CollegeCHARITABLE | Raleigh, NC | $3K | 2022 |
| Alzheimers AssociationCHARITABLE | Raleigh, NC | $3K | 2022 |
| Circle Of Hope ProgramCHARITABLE | Mclean, VA | $3K | 2022 |
| Jacks Furrytail RescuesCHARITABLE | Durham, NC | $3K | 2022 |
| Operation UndergroundCHARITABLE | Anaheim, CA | $3K | 2020 |
| Victory JunctionCHARITABLE | Randleman, NC | $3K | 2020 |
| Cure InternationalCHARITABLE | Spring Lake, MI | $3K | 2020 |
| Community Storehouse MartinhenryCHARITABLE | Ridgeway, VA | $2K | 2020 |
| Spca Of Martinsville-Henry CountyCHARITABLE | Martinsville, VA | $2K | 2020 |