George And Margaret Mclane Foundation

Organization Overview

George And Margaret Mclane Foundation is located in Cincinnati, OH. The organization was established in 2008. According to its NTEE Classification (T22) the organization is classified as: Private Independent Foundations, under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. George And Margaret Mclane Foundation is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.

For the year ending 12/2021, George And Margaret Mclane Foundation generated $812.7k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 9.2% each year. All expenses for the organization totaled $776.6k during the year ending 12/2021. While expenses have increased by 1.4% per year over the past 7 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.

Since 2016, George And Margaret Mclane Foundation has awarded 149 individual grants totaling $2,880,899. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.

Mission & Program ActivityExcerpts From the 990PF Filing

TAX YEAR

2021

Describe the Organization's Program Activity:

Part 3 - Line 4a

CONTRIBUTIONS TO 501(C)(3) ORGANIZATIONS


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Financial Statements

Statement of Revenue
Contributions, Gifts, Grants & Similar $0
Interest on Savings $209
Dividends & Interest $329,016
Net Rental Income$0
Net Gain on Sale of Assets $481,642
Capital Gain Net Income $481,642
Net ST Capital Gain $0
Income Modifications $0
Profit on Inventory Sales $0
Other Income $1,800
Total Revenue $812,667

Grants Awarded

Over the last fiscal year, George And Margaret Mclane Foundation has awarded $604,000 in support to 33 organizations.

Grant RecipientAmount

FRANKLIN CITY SCHOOLS

PURPOSE: CITY SCHOOLS

$120,000

STARFIRE

PURPOSE: TRAINING FOR MENTALLY CHALLENGED

$40,000

VICTORIAN AT RIVERSIDE

PURPOSE: RESIDENCE FOR SENIOR WOMEN

$31,000

CET PUBLIC TELEVISION

PURPOSE: EDUCATION & ARTS

$30,000

CINCINNATI SYMPHONY ORCHESTRA

Org PageRecipient Profile

Cincinnati, OH

PURPOSE: MUSIC AND ARTS

$30,000

CINCINNATI MEMORIAL HALL SOCIETY

Org PageRecipient Profile

Cincinnati, OH

PURPOSE: COMMUNITY ART CENTER

$30,000
View Grant Profile

Grants Recieved

Over the last fiscal year, we have identified 1 grants that George And Margaret Mclane Foundation has recieved totaling $1,000,000.

Awarding OrganizationAmount
Ed & Joann Hubert Family Foundation Inc

Bellevue, KY

PURPOSE: EDUCATION

$1,000,000
View Grant Recipient Profile

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