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Valerye H Mccarthy Charitable Foundation is a private corporation based in CHICAGO, IL. The foundation received its IRS ruling in 2017. The principal officer is Kelly Kelly & Kelly LLC. It holds total assets of $288K. Annual income is reported at $10K. Total assets have decreased from $444K in 2019 to $298K in 2023. The foundation is governed by 3 officers and trustees. The foundation operates in the area of philanthropy & grantmaking. Tax records are available from 2020 to 2023. The foundation primarily funds organizations in Illinois and Iowa. According to available records, Valerye H Mccarthy Charitable Foundation has made 16 grants totaling $90K, with a median grant of $2K. The foundation has distributed between $21K and $43K annually from 2021 to 2023. Grantmaking activity was highest in 2022 with $43K distributed across 6 grants. Individual grants have ranged from $500 to $20K, with an average award of $6K. The foundation has supported 7 unique organizations. Grants have been distributed to organizations in Illinois and Iowa. Contributions to this foundation are tax-deductible.
Smallest Grant
$2K
Median Grant
$5K
Average Grant
$7K
Largest Grant
$15K
Based on 3 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.
Valerye H Mccarthy Charitable Foundation primarily funds organizations in the area of philanthropy & grantmaking. Based on available records, the foundation has funded 16 grants. Its grantmaking reaches organizations primarily in IL, IA.
Valerye H Mccarthy Charitable Foundation has distributed a total of $90K across 16 grants. The median grant size is $2K, with an average of $6K. Individual grants have ranged from $500 to $20K.
The application deadline is Requests accepted during the first three quarters, reviewwed during fourth quarter, awarded in Dec.. See attached Mission Statement.
Valerye H Mccarthy Charitable Foundation is headquartered in CHICAGO, IL. While based in IL, the foundation distributes grants to organizations across 2 states.
| Name | Title | Compensation | Benefits | Total |
|---|---|---|---|---|
| Patrick Pope | Director | $0 | $0 | N/A |
| Maureen J Kelly | President | $0 | $0 | N/A |
| Walter Robinson | Treasurer | $0 | $0 | N/A |
Total Giving
$40K
Total Assets
$298K
Fair Market Value
$466K
Net Worth
$298K
Grants Paid
$21K
Contributions
N/A
Net Investment Income
$45K
Distribution Amount
$19K
Total: $229K
Total Grants
16
Total Giving
$90K
Average Grant
$6K
Median Grant
$2K
Unique Recipients
7
Most Common Grant
$1K
of 2023 grantees were first-time recipients
| Recipient | Location | Amount | Year |
|---|---|---|---|
| Regina Dominican High SchoolCharitable | Wilmette, IL | $10K | 2023 |
| Howard Area Community CenterCharitable | Chicago, IL | $10K | 2023 |
| Little Sisters Of The Poorst Marys HomeCharitable | Chicago, IL | $500 | 2023 |
| Sisters Of Charity Of The BvmCharitable | Dubuque, IA | $500 | 2023 |
| Josephinum AcademyCharitable | Chicago, IL | $2K | 2021 |
| Gift Of AdoptionCharitable | Techny, IL | $1K | 2021 |
| MisericordiaCharitable | Chicago, IL | $1K | 2021 |