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Also known as: FOUNDATION INC
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Thomas R & Elizabeth E Mclean Foundation Inc. is a private corporation based in FAYETTEVILLE, NC. The foundation received its IRS ruling in 1996. It holds total assets of $25.2M. Annual income is reported at $13.7M. Total assets have grown from $16.2M in 2011 to $21.9M in 2023. The foundation is governed by 5 officers and trustees. The foundation operates in the area of philanthropy & grantmaking. Tax records are available from 2020 to 2023. Grantmaking is concentrated in North Carolina. According to available records, Thomas R & Elizabeth E Mclean Foundation Inc. has made 66 grants totaling $3.7M, with a median grant of $25K. Annual giving has decreased from $1.4M in 2021 to $1.1M in 2023. Individual grants have ranged from $3K to $467K, with an average award of $55K. The foundation has supported 28 unique organizations. Grant recipients are concentrated in North Carolina. Contributions to this foundation are tax-deductible.
Smallest Grant
$2K
Median Grant
$30K
Average Grant
$56K
Largest Grant
$303K
Based on 20 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.
Thomas R & Elizabeth E Mclean Foundation Inc. primarily funds organizations in the area of philanthropy & grantmaking. Based on available records, the foundation has funded 66 grants. Its grantmaking reaches organizations primarily in NC.
Thomas R & Elizabeth E Mclean Foundation Inc. has distributed a total of $3.7M across 66 grants. The median grant size is $25K, with an average of $55K. Individual grants have ranged from $3K to $467K.
North carolina organizations or chapters of national charities.
Thomas R & Elizabeth E Mclean Foundation Inc. is headquartered in FAYETTEVILLE, NC.
| Name | Title | Compensation | Benefits | Total |
|---|---|---|---|---|
| Jennifer Elam | PRESIDENT | $81K | $0 | $81K |
| Angela Ashworth | VICE-PRESIDENT / SECRETARY | $80K | $0 | $80K |
| Paul Elam | VICE-PRESIDENT / TREASURER | $61K | $0 | $61K |
| Claire Shaw | VICE-PRESIDENT | $61K | $0 | $61K |
| Faison Covington | VICE-PRESIDENT / ASST SECR | $61K | $0 | $61K |
Total Giving
$1.7M
Total Assets
$21.9M
Fair Market Value
$29.8M
Net Worth
$21.8M
Grants Paid
$1.1M
Contributions
N/A
Net Investment Income
$1.6M
Distribution Amount
$1.3M
Total: $20.9M
Total Grants
66
Total Giving
$3.7M
Average Grant
$55K
Median Grant
$25K
Unique Recipients
28
Most Common Grant
$20K
of 2023 grantees were first-time recipients
| Recipient | Location | Amount | Year |
|---|---|---|---|
| Airborne & Special Ops Museum FoundationHONOR AMERICA'S HEROES CAMPAIGN | Fayetteville, NC | $250K | 2023 |
| Nc Civil War CenterNEW CONSTRUCTION | Fayetteville, NC | $200K | 2023 |
| Child Advocacy CenterOPERATIONAL EXPENSES | Fayetteville, NC | $119K | 2023 |
| Cape Fear Regional TheatreRENOVATIONS | Fayetteville, NC | $100K | 2023 |
| Cumberland Community FoundationGIVING TUESDAY MATCH | Fayetteville, NC | $60K | 2023 |
| The Arts CouncilARTSCAPE | Fayetteville, NC | $50K | 2023 |
| Cool Spring Downtown District IncOPERATION DOWNTOWN | Fayetteville, NC | $40K | 2023 |
| Community Concerts Of Fayetteville NcUNRESTRICTED/PROMOTIONAL EXPENSES | Fayetteville, NC | $35K | 2023 |
| Ftcc FoundationNURSING PROGRAM EXPANSION/FACILITY RENOVATION & SWIFTWATER RESOURCE CENTER PROGRAM EXPENSES | Fayetteville, NC | $30K | 2023 |
| North Carolina Symphony Society IncCUMBERLAND CO MUSIC EDUCATION PROGRAMS | Raleigh, NC | $30K | 2023 |
| Heritage Square Historical SocietyRESTORATION | Fayetteville, NC | $25K | 2023 |
| Cape Fear Botanical GardenCOMPREHENSIVE CAMPAIGN | Fayetteville, NC | $20K | 2023 |
| Better Health Of Cumberland CountyCHILDHOOD OBESITY & DIABETES MGMT PROGRAMS | Fayetteville, NC | $20K | 2023 |
| Fayetteville Urban Ministry IncSOLVE PROJECT | Fayetteville, NC | $15K | 2023 |
| Connections Of Cumberland CountyDAY RESOURCE CENTER | Fayetteville, NC | $15K | 2023 |
| American Red Cross - Sandhills ChapterBLOOD SAVING LIVES: FIGHTING CANCER | Fayetteville, NC | $15K | 2023 |
| Fayetteville Area Operation InasmuchSECURITY UPGRADE | Fayetteville, NC | $14K | 2023 |
| Fayetteville Symphony OrchestraEDUCATIONAL/OUTREACH PROGRAMS | Fayetteville, NC | $7K | 2023 |
| Boys & Girls Home NcCUMBERLAND COUNTY EMERGENCY PLACEMENT SUPPORT | Lake Waccamaw, NC | $4K | 2023 |
| Cumberland Choral Arts23-24 CONCERT SEASON | Fayetteville, NC | $3K | 2023 |
| Secu Family HouseCUMBERLAND PATIENT/FAMILY SUPPORT | Chapel Hill, NC | $3K | 2023 |
| Cape Fear Valley Health FoundationACADEMIC CENTER FOR MEDICAL EDU/RESEARCH | Fayetteville, NC | $233K | 2022 |
| Fayetteville Area Habitat For HumanityNEIGHBORHOOD REVITALIZATION (MALONEY AVE) | Fayetteville, NC | $30K | 2022 |
| Vision Resource CenterPROGRAM EXPENSES/TRANSPORTATION | Fayetteville, NC | $20K | 2022 |
| Camp CorralCUMBERLAND COUNTY CAMPERSHIP FUND | Raleigh, NC | $12K | 2022 |
| Methodist UniversityNAMING OF HEALTH & SCIENCES BUILDING | Fayetteville, NC | $200K | 2021 |