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Mcwane Foundation is a private corporation based in BIRMINGHAM, AL. The foundation received its IRS ruling in 1963. The principal officer is Phillip Mcwane. It holds total assets of $20.7M. Annual income is reported at $20.6M. The foundation is governed by 2 officers and trustees. According to its most recent filing, the foundation only makes contributions to preselected charitable organizations. Grantmaking is concentrated in Alabama. According to available records, Mcwane Foundation has made 109 grants totaling $6.8M, with a median grant of $10K. Annual giving has grown from $738K in 2021 to $2M in 2023. Grantmaking activity was highest in 2022 with $4M distributed across 66 grants. Individual grants have ranged from $1K to $1.5M, with an average award of $63K. The foundation has supported 50 unique organizations. The foundation primarily supports organizations in Alabama, Iowa, Arizona, which account for 94% of all grants. Grantmaking reaches organizations across 6 states. Contributions to this foundation are tax-deductible.
Smallest Grant
$1K
Median Grant
$10K
Average Grant
$30K
Largest Grant
$250K
Based on 25 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.
Mcwane Foundation is a private foundation that provides grants to eligible organizations. Based on available records, the foundation has funded 109 grants. Its grantmaking reaches organizations primarily in AL, IA, AZ.
Mcwane Foundation has distributed a total of $6.8M across 109 grants. The median grant size is $10K, with an average of $63K. Individual grants have ranged from $1K to $1.5M.
Mcwane Foundation typically selects its grantees rather than accepting unsolicited proposals. The application deadline is REQUESTS WILL BE CONSIDERED ON A QUARTERLY BASIS WITH DEADLINE FOR SUBMISSION AS FOLLOWS: MARCH 15,. The mcwane foundation will not support: - individuals or groups acting on behalf of individuals - organizations that discrimiate on the basis of race, color, creed, national origin or gender - telephone or mass mail appeals - political organizations - groups such as athletic teams, fraternal orders, sectarian religious, veterans programs, labor associations, etc.
Mcwane Foundation is headquartered in BIRMINGHAM, AL. While based in AL, the foundation distributes grants to organizations across 6 states.
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| Name | Title | Compensation | Benefits | Total |
|---|---|---|---|---|
| John Mcmahon | TRUSTEE | $0 | $0 | N/A |
| C Phillip Mcwane | TRUSTEE | $0 | $0 | N/A |
Total Giving
N/A
Total Assets
$589K
Fair Market Value
N/A
Net Worth
$589K
Grants Paid
N/A
Contributions
N/A
Net Investment Income
N/A
Distribution Amount
N/A
Total Grants
109
Total Giving
$6.8M
Average Grant
$63K
Median Grant
$10K
Unique Recipients
50
Most Common Grant
$5K
of 2023 grantees were first-time recipients
No individual grant records are available. Visit the foundation's 990-PF filings below for detailed grantee information.