As result of business and family successes, Selby & Richard McRae felt their abundant blessings should be shared. In 1965, they created the Selby & Richard McRae Foundation to support philanthropic efforts in the areas of education, cultural, religious, health, and social causes. In addition to the Foundation, Selby & Richard McRae gave significant personal gifts throughout their lives to causes they deemed important.
Today the Foundation managed by the children of Selby and Richard McRae. - Richard D. McRae, Jr., Susan McRae Shanor, and Vaughan W. McRae. Since its inception, the Selby & Richard McRae Foundation has donated over $35 million in charitable gifts and given to over 500 organizations.