McKay Family Foundation

The McKay Family Foundation is a private grantmaking foundation dedicated to empowering vulnerable individuals in the community of Lane County, Oregon. The foundation was established by Miles and Eleanor McKay, who aimed to give back to their community through philanthropic endeavors.

History

Miles McKay, a prominent figure in commercial real estate management, was known for his ethical business practices and community leadership. Born in 1912, Miles pursued a career that included ventures in grocery stores and eventually shifted towards commercial real estate development. His passion for philanthropy led to the establishment of the McKay Family Foundation, which initially began with a modest fund of $100,000 in 1986. Following Miles' death in 1989 and Eleanor's in 1990, their estate significantly increased the foundation's assets to $3 million, enabling it to award grants to local charities.

Mission and Impact

The McKay Family Foundation is driven by the mission to empower the most vulnerable populations to thrive. It focuses on supporting programs related to education, medical and mental health services, youth services, disability assistance, poverty outreach, and homelessness within Lane County. The foundation values projects with the potential to further its mission and benefit the community effectively.

Governance and Operations

The foundation is governed by a board that includes descendants of Miles and Eleanor, ensuring a family legacy of giving back to the community. The board members are actively involved in overseeing the grant-making process. Applications are accepted throughout the year, with specific deadlines for full proposals. The foundation's financial data indicates it has maintained significant assets and awarded numerous grants annually, reflecting its commitment to charitable causes.

Financials and Grants

As of its most recent filings, the McKay Family Foundation has reported noteworthy financial assets and zero liabilities, facilitating its role in grantmaking. In 2023, the foundation awarded approximately $361,400 in grants, continuing its tradition of supporting diverse community projects. Over the years, the foundation has made significant contributions to various charitable initiatives, enhancing the lives of individuals in Lane County.