Maguire Foundation
- Assets
- $28.1m
- Revenue
- $44.7m
- Investments
- $17.2m
- Employees
- 0
- Location
- West Conshohocken, PA
- Founding
- 01/2001
- Data as of
- 12/2022
- EIN
- 23-3057805
Organization Overview
Maguire Foundation is located in West Conshohocken, PA. The organization was established in 2001. 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. Maguire 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 12/2022, Maguire Foundation generated $44.7m in total revenue. This organization has experienced exceptional growth, as over the past 6 years, it has increased revenue by an average of 19.0% each year . All expenses for the organization totaled $43.7m during the year ending 12/2022. While expenses have increased by 26.0% per year over the past 6 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 2021, Maguire Foundation has awarded 221 individual grants totaling $59,625,243. 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
2022
Describe the Organization's Program Activity:
Part 3 - Line 4a
PLEASE NOTE, THE FOUNDATION IS NOT INVOLVED IN ANY DIRECTCHARITABLE ACTIVITIES. ITS PRIMARY PURPOSE IS TO SUPPORT,BY CONTRIBUTIONS, OTHER CHARITABLE ORGANIZATIONS EXEMPT
UNDER INTERNAL REVENUE CODE SECTION 501(C)(3).
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
James Maguire President - As Needed | 0 | $0 | |
Christopher Maguire Director - As Needed | 0 | $0 | |
Megan Nicoletti Assistant Director | 40 | $472,625 | |
Rebecca Waldron Associate Director | 40 | $107,442 | |
Emilia Twomey Assistant Director | 40 | $95,970 | |
Susan Christopher Assistant Director | 40 | $80,552 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $42,355,813 |
| Interest on Savings | $230,875 |
| Dividends & Interest | $888,630 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $885,092 |
| Capital Gain Net Income | $885,092 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $359,587 |
| Total Revenue | $44,719,997 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $756,589 |
| Pension plans, employee benefits | $145,742 |
| Interest | $5,447 |
| Taxes | $39,603 |
| Depreciation | $27,596 |
| Occupancy | $216,429 |
| Travel, conferences, and meetings | $3,794 |
| Printing and publications | $6,206 |
| Other expenses | $70,893 |
| Total operating and administrative expenses | $1,436,354 |
| Contributions, gifts, grants paid | $42,301,510 |
| Total expenses and disbursements | $43,737,864 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $10,863,337 |
| Savings and temporary cash investments | $0 |
| 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 | $3,432,586 |
| Net Land, buildings, and equipment | $50,223 |
| Other assets | $0 |
| Total assets | $28,090,790 |
| 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, Maguire Foundation has awarded $42,301,510 in support to 101 organizations.
| Grant Recipient | Amount |
|---|---|
ACADEMY OF NOTRE DAME PURPOSE: FOR GENERAL NEEDS OF ORGANIZATION | $1,350,000 |
AGNES IRWIN PURPOSE: FOR GENERAL NEEDS OF ORGANIZATION | $100,000 |
AIM ACADEMY PURPOSE: FOR GENERAL NEEDS OF ORGANIZATION | $72,000 |
AMERICAN CANCER SOCIETY PURPOSE: FOR GENERAL NEEDS OF ORGANIZATION | $5,000 |
AMERICAN FRIENDS OF MASTERWORKS INC PURPOSE: FOR GENERAL NEEDS OF ORGANIZATION | $20,000 |
AMERICAN REVOLUTIONARY MUSEUM PURPOSE: FOR GENERAL NEEDS OF ORGANIZATION | $100,000 |