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Also known as: FOUNDATION
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Richard F Mcnamara Family Foundation is a private corporation based in EDINA, MN. The foundation received its IRS ruling in 1994. The principal officer is Richard F Mcnamara. It holds total assets of $2M. Annual income is reported at $452K. Total assets have grown from $981K in 2011 to $2.2M 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 2017 to 2023. The foundation primarily funds organizations in Minnesota, Illinois and California. According to available records, Richard F Mcnamara Family Foundation has made 18 grants totaling $406K, with a median grant of $25K. Annual giving has grown from $81K in 2020 to $325K in 2022. Individual grants have ranged from $1K to $50K, with an average award of $23K. The foundation has supported 11 unique organizations. Grants have been distributed to organizations in Minnesota and Illinois and California. Contributions to this foundation are tax-deductible.
Smallest Grant
$1K
Median Grant
$10K
Average Grant
$14K
Largest Grant
$25K
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.
Richard F Mcnamara Family Foundation primarily funds organizations in the area of philanthropy & grantmaking. Based on available records, the foundation has funded 18 grants. Its grantmaking reaches organizations primarily in MN, IL, CA.
Richard F Mcnamara Family Foundation has distributed a total of $406K across 18 grants. The median grant size is $25K, with an average of $23K. Individual grants have ranged from $1K to $50K.
Richard F Mcnamara Family Foundation typically selects its grantees rather than accepting unsolicited proposals.
Richard F Mcnamara Family Foundation is headquartered in EDINA, MN. While based in MN, the foundation distributes grants to organizations across 3 states.
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| Name | Title | Compensation | Benefits | Total |
|---|---|---|---|---|
| Emily Mcnamara | CO-TRUSTEE | $21K | $0 | $21K |
| Chris Hawley | CO-TRUSTEE | $0 | $0 | N/A |
| Sharon Dalmasso | CO-TRUSTEE | $0 | $0 | N/A |
Total Giving
$158K
Total Assets
$2.2M
Fair Market Value
$2.5M
Net Worth
$2.2M
Grants Paid
$117K
Contributions
N/A
Net Investment Income
$27K
Distribution Amount
$116K
Total: $686K
Total Grants
18
Total Giving
$406K
Average Grant
$23K
Median Grant
$25K
Unique Recipients
11
Most Common Grant
$10K
of 2022 grantees were first-time recipients
| Recipient | Location | Amount | Year |
|---|---|---|---|
| University Of Minnesota FoundationGENERAL FUNDING | Minneapolis, MN | $50K | 2022 |
| Alzheimers AssnGENERAL PURPOSES | Minneapolis, MN | $40K | 2022 |
| Perspectives IncGENERAL FUNDING | Minneapolis, MN | $26K | 2022 |
| U Of Mn Athletics DepartmentGENERAL PURPOSES | Minneapolis, MN | $25K | 2022 |
| Wallin Education PartnersGENERAL PURPOSES | St Paul, MN | $12K | 2022 |
| Children'S Minnesota FoundationGENERAL FUNDING | Minneapolis, MN | $10K | 2022 |
| Planned ParenthoodGENERAL PURPOSES | Minneapolis, MN | $25K | 2020 |
| PerspectivesGENERAL PURPOSES | Minneapolis, MN | $25K | 2020 |
| Childrens FndnGENERAL PURPOSES | Edina, MN | $10K | 2020 |
| Ymca MinneapolisGENERAL PURPOSES | Minneapolis, MN | $10K | 2020 |
| PancanGENERAL PURPOSES | Manhattan Beach, CA | $1K | 2020 |