Curtis W Mcgraw Foundation
- Assets
- $25.3m
- Revenue
- $2.5m
- Investments
- $24.0m
- Employees
- 0
- Location
- Pennington, NJ
- Founding
- 03/1965
- Data as of
- 12/2021
- EIN
- 22-1761678
Organization Overview
Curtis W Mcgraw Foundation is located in Pennington, NJ. The organization was established in 1965. According to its NTEE Classification (T20) the organization is classified as: Private Grantmaking 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. Curtis W Mcgraw 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, Curtis W Mcgraw Foundation generated $2.5m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 5.5% each year. All expenses for the organization totaled $1.8m during the year ending 12/2021. While expenses have increased by 2.6% 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 2015, Curtis W Mcgraw Foundation has awarded 887 individual grants totaling $9,530,020. 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.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2021
Describe the Organization's Program Activity:
Part 3 - Line 4a
NONE
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Stephen N Allen Vice President/trustee | 1 | $40,000 | |
Samuel W Lambert III Secretary/treasurer | 1 | $40,000 | |
Curtis M Webster President/trustee | 1 | $0 | |
Theo M Webster Vp/ Asst Treasurer/ Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $547,207 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $1,959,848 |
| Capital Gain Net Income | $1,959,848 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $2,507,055 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $80,000 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $49,361 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $9,415 |
| Total operating and administrative expenses | $304,143 |
| Contributions, gifts, grants paid | $1,511,000 |
| Total expenses and disbursements | $1,815,143 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $160 |
| Savings and temporary cash investments | $1,291,385 |
| Net Accounts receivable | $0 |
| Net Pledges Receivable | $0 |
| Grants receivable | $0 |
| Receivables from Officers, Directors, or Controlling Persons | $0 |
| Net other notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $14,157,079 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $25,315,929 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $0 |
Grants Awarded
Over the last fiscal year, Curtis W Mcgraw Foundation has awarded $1,511,000 in support to 136 organizations.
| Grant Recipient | Amount |
|---|---|
Alexandria, VA PURPOSE: UNRESTRICTED GENERAL | $75,000 |
Alexandria, VA PURPOSE: UNRESTRICTED GENERAL | $65,000 |
STONY BROOK-MILLSTONE WATERSHEDS ASSN PURPOSE: UNRESTRICTED GENERAL | $65,000 |
PLANNED PARENTHOOD OF SOUTHERN NJ PURPOSE: UNRESTRICTED GENERAL | $60,000 |
Plainsboro, NJ PURPOSE: UNRESTRICTED GENERAL | $50,000 |
Princeton, NJ PURPOSE: UNRESTRICTED GENERAL | $50,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
John R Oishei Foundation Buffalo, NY | $294,151,477 | $18,357,929 |
Lor Foundation Inc West Chester, PA | $352,392,197 | $12,888,892 |
Grable Foundation Pittsburgh, PA | $386,701,292 | $35,946,563 |
Connelly Foundation West Conshohocken, PA | $387,913,026 | $27,891,431 |
American Express Foundation New York, NY | $66,234,265 | $62,922,703 |
Essel Foundation Inc Purchase, NY | $100,106,056 | $12,292,478 |
Beth And Ravenel Curry Foundation New York, NY | $0 | $44,744,046 |
Kz Family Foundation New York, NY | $10,936,301 | $30,139,672 |
The Freeman Foundation P-01644-00-7 New York, NY | $343,405,683 | $35,941,951 |
Hearst Foundation Inc New York, NY | $439,249,947 | $42,040,987 |
Bay And Paul Foundations Inc Wilmington, DE | $33,659,644 | $890,121 |
Tansy Charitable Foundation New York, NY | $325,076,608 | $77,631,295 |