//
Work at this foundation?
Claim this profile to manage it and see interest from grant seekers.
Mclain Family Foundation Inc. is a private corporation based in CHARLESTON, SC. The foundation received its IRS ruling in 2005. The principal officer is Michael A Mclain. It holds total assets of $443K. Annual income is reported at $71K. Total assets have decreased from $779K in 2011 to $443K in 2022. The foundation is governed by 5 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 2018 to 2023. The foundation primarily funds organizations in Georgia, Alabama and South Carolina. According to available records, Mclain Family Foundation Inc. has made 31 grants totaling $156K, with a median grant of $1K. Annual giving has decreased from $102K in 2022 to $54K in 2023. Individual grants have ranged from $250 to $50K, with an average award of $5K. The foundation has supported 26 unique organizations. The foundation primarily supports organizations in Florida, Alabama, Georgia, which account for 39% of all grants. Grantmaking reaches organizations across 9 states. Contributions to this foundation are tax-deductible.
Smallest Grant
$250
Median Grant
$1K
Average Grant
$9K
Largest Grant
$50K
Based on 12 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.
Mclain Family Foundation Inc. primarily funds organizations in the area of philanthropy & grantmaking. Based on available records, the foundation has funded 31 grants. Its grantmaking reaches organizations primarily in FL, AL, GA.
Mclain Family Foundation Inc. has distributed a total of $156K across 31 grants. The median grant size is $1K, with an average of $5K. Individual grants have ranged from $250 to $50K.
Mclain Family Foundation Inc. typically selects its grantees rather than accepting unsolicited proposals.
Mclain Family Foundation Inc. is headquartered in CHARLESTON, SC. While based in SC, the foundation distributes grants to organizations across 9 states.
| Name | Title | Compensation | Benefits | Total |
|---|---|---|---|---|
| Jane T Mclain | DIRECTOR | $0 | $0 | N/A |
| Michael A Mclain | DIRECTOR | $0 | $0 | N/A |
| Matthew B Mclain | DIRECTOR | $0 | $0 | N/A |
| Jordan E Mclain | DIRECTOR | $0 | $0 | N/A |
| Michael A Mclain Jr | DIRECTOR | $0 | $0 | N/A |
Total Giving
$62K
Total Assets
$443K
Fair Market Value
$484K
Net Worth
$443K
Grants Paid
$54K
Contributions
N/A
Net Investment Income
$16K
Distribution Amount
$24K
Total: $356K
Total Grants
31
Total Giving
$156K
Average Grant
$5K
Median Grant
$1K
Unique Recipients
26
Most Common Grant
$1K
of 2023 grantees were first-time recipients
| Recipient | Location | Amount | Year |
|---|---|---|---|
| Salvation ArmyGENERAL | Alexandia, VA | $1K | 2023 |
| Tigers Unlimited Auburn UniversityGENERAL | Auburn University, AL | $11K | 2023 |
| Spoleto FestivalGENERAL | Charleston, SC | $9K | 2023 |
| Gibbes Museum Of ArtGENERAL | Charleston, SC | $8K | 2023 |
| Auburn UniversityGENERAL | Auburn University, AL | $6K | 2023 |
| Vanderbilt UniversityGENERAL | Nashville, TN | $5K | 2023 |
| Preservation Society Of CharlestonGENERAL | Charleston, SC | $2K | 2023 |
| Oak Hill SchoolGENERAL | Nashville, TN | $2K | 2023 |
| VariousGENERAL | Charleston, SC | $2K | 2023 |
| Calvert SchoolGENERAL | Baltimore, MD | $2K | 2023 |
| Brookgreen GardensGENERAL | Murrells Inlet, SC | $1K | 2023 |
| Darden School Of BusinessGENERAL | Charlottesville, VA | $1K | 2023 |
| Ulman FoundationGENERAL | Baltimore, MD | $1K | 2023 |
| Tunnel To Tower FoundationGENERAL | Hamlet, NC | $1K | 2023 |
| Bb Comer High SchoolGENERA | Sylacauga, AL | $500 | 2023 |
| Eagle MountGENERAL | Bozeman, MT | $500 | 2023 |
| Bonefish And Tarpon TrustGENERAL | Miami, FL | $500 | 2023 |
| Montana Historical SocietyGENERAL | Helena, MT | $500 | 2023 |
| Helping Hands Of Georgetown CountyGENERAL | Georgetown, SC | $250 | 2023 |
| University Of FloridaGENERAL PURPOSE | Gainesville, FL | $50K | 2022 |
| Peachtree Presbyterian ChurchGENERAL PURPOSE | Atlanta, GA | $30K | 2022 |
| Tigers UnlimitedGENERAL PURPOSE | Auburn, AL | $12K | 2022 |
| Alpha Omicron Pi FoundationGENERAL PURPOSE | Brentwood, TN | $500 | 2022 |
| Sandy Spring SocietyGENERAL PURPOSE | Sandy Springs, GA | $500 | 2022 |
| Road Safe AmericaGENERAL PURPOSE | Atlanta, GA | $300 | 2022 |
| Emory UniversityGENERAL PURPOSE | Atlanta, GA | $250 | 2022 |
LAKE CITY, SC
CHARLESTON, SC
COLUMBIA, SC