The McCarthy Family Foundation enhances the health, welfare, education and safety of the community through family philanthropy.
2015 is our twenty seventh year of grantmaking in San Diego and elsewhere in California. Our geographic and programmatic areas have undergone some changes throughout the years but our goals and purpose have remained steady.
McCarthy Family values have always included sharing within our community, giving back and reaching out. Creating this foundation was a purposeful decision of the original donors with clear goals and intent, both external and internal. Our family wants to give back to the community by supporting a healthier, safer, educated society. As a family, we hope to challenge succeeding generations and encourage members to consider philanthropy as an important, necessary part of their lives. The McCarthy Family Foundation seeks to serve as a catalyst for the family to act collectively in philanthropic endeavors and collaboratively with others in our community.
In recent years, we have taken steps to improve our grant application process. This includes working with the Foundation Center on this web site and also adopting the Common Grant Application (CGA) of San Diego Grantmakers. In the granting of our resources to serve our mission, we give high priority to the realization of equality of opportunity for all members of society. We expect organizations and programs that we support to take appropriate affirmative steps with respect to women and disadvantaged minorities. We have continued collaborative funding with local grantmakers in San Diego. Most recently, in 2014, we made our first co-funding grant with Funders Together to End Homelessness – San Diego (FTEH-SD). FTEH-SD, which transitioned from the former Homelessness Working Group of SD Grantmakers, is a local collaboration of aligned resources to actively end homelessness in San Diego County.
Our Board of Directors is comprised of three family members and one non-family member. All directors fully participate in the proposed grants evaluation process. This includes reviewing and researching proposals and making site visits to applicant organizations. The foundation is grateful for the opportunity to serve many important needs in San Diego.
As indicated in the Financial Summary for 2014, we began 2014 with a fund balance of about $11.8 million and ended the year just above $11.4 million. Assets have had a steady recovery since the recession to just below the $11.5 million peak at the end of 2007. The foundation’s annual grantmaking has averaged about $470,000 for the past four years.
Rachel McCarthy Henneforth