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McGraw Foundation is a private non-operating foundation whose mission is to provide financial assistance for educational and charitable purposes in furtherance of the public good and promoting the well-being of mankind. Established in 1948, and funded by contributions from Max McGraw and several family members and friends, McGraw Foundation has supported a variety of educational and charitable activities for nearly 70 years.

McGraw Foundation, headquartered in Dundee, Illinois, makes annual grants to not-for-profit organizations. The primary focus is education at all levels, with an emphasis on higher education in the fields of science and environment. In addition, grants are made to social service agencies, emphasizing those dealing with children. The Foundation also occasionally makes grants in the areas of health, medical research and the arts.

In keeping with the strong interest of Max McGraw in conservation of natural resources and preservation of the environment, the Foundation has also made significant grants to its sister organization, the Max McGraw Wildlife Foundation.