McCarthey Family Foundation

McCarthey Family Foundation

The McCarthey Family Foundation was established in 2007 by Philip G. McCarthey. It functions as a private independent foundation with no public disclosure of originating wealth beyond the family name. The entity holds 501(c)(3) status and channels grants toward education and cultural programs. Grant activity centers on direct support for universities and museums. Confirmed beneficiaries include Gonzaga University, which received funding for the McCarthey Athletic Center, and the Utah Museum of Fine Arts, which houses the foundation's Chinese and South Asian art galleries. Geographic reach stays within the United States, with primary activity in Utah and secondary ties to Rhode Island through the Herreshoff Marine Museum sailorship award. The foundation does not operate fund vehicles or co-invest with external managers. Philip G. McCarthey serves as President and Director while also holding a trustee role at Gonzaga University. Thomas K. McCarthey Jr. acts as Vice President and Director and serves as a Gonzaga Regent. Two additional family members, Sarah J. McCarthey and Maureen P. McCarthey, sit on the board. No recent operational events from the last 24 months appear in available records. The foundation's structure ties investment and grant decisions directly to family principals who also occupy university governance seats, creating a closed loop between capital allocation and institutional beneficiaries.