Mccutchen Foundation
- Assets
- $86.4m
- Revenue
- $8.7m
- Investments
- $43.4m
- Employees
- 0
- Location
- Brunswick, MD
- Founding
- 03/1958
- Data as of
- 12/2023
- EIN
- 22-6050116
Organization Overview
Mccutchen Foundation is located in Brunswick, MD. The organization was established in 1958. 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. Mccutchen 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 12/2023, Mccutchen Foundation generated $8.7m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 5 years, the organization has seen revenues fall by an average of (7.0%) each year. All expenses for the organization totaled $4.9m during the year ending 12/2023. You can explore the organizations financials more deeply in the financial statements section below.
Since 2020, Mccutchen Foundation has awarded 300 individual grants totaling $12,163,000. 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.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Ann Terry Trustee | 1 | $20,000 | |
Benson J Chapman Trustee | 1 | $20,000 | |
Jack E Mcclow Trustee | 1 | $20,000 | |
Steven P Chapman Trustee | 1 | $20,000 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $7,681,512 |
| Interest on Savings | $0 |
| Dividends & Interest | $1,404,475 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $1,110,438 |
| Capital Gain Net Income | $1,110,438 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | -$1,475,464 |
| Total Revenue | $8,720,961 |
| 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 | $8,582 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $3,533 |
| Total operating and administrative expenses | $279,991 |
| Contributions, gifts, grants paid | $4,603,500 |
| Total expenses and disbursements | $4,883,491 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $7,543,530 |
| 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 | $2,501,000 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $31,505,467 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $32,915,885 |
| Total assets | $86,363,820 |
| 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, Mccutchen Foundation has awarded $4,603,500 in support to 99 organizations.
| Grant Recipient | Amount |
|---|---|
ADIRONDACK NORTH COUNTRY PURPOSE: GENERAL SUPPORT | $40,000 |
AMERICAN LIVER FOUNDATION PURPOSE: GENERAL SUPPORT | $30,000 |
AMERICAN FRIENDS SERVICE COMMITTEE PURPOSE: GENERAL SUPPORT | $15,000 |
AMERICANS FOR OXFORD INC PURPOSE: GENERAL SUPPORT | $10,000 |
CAPITAL CARING PURPOSE: GENERAL SUPPORT | $40,000 |
CAMBRIDGE IN AMERICA PURPOSE: GENERAL SUPPORT | $35,000 |