Mccune Foundation
- Assets
- $142.1m
- Revenue
- $21.2m
- Investments
- $133.8m
- Employees
- 0
- Location
- Pittsburgh, PA
- Founding
- 09/1980
- Data as of
- 09/2023
- EIN
- 25-6210269
Organization Overview
Mccune Foundation is located in Pittsburgh, PA. The organization was established in 1980. 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. Mccune 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 09/2023, Mccune Foundation generated $21.2m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 4 years, the organization has seen revenues fall by an average of (10.3%) each year. All expenses for the organization totaled $45.4m during the year ending 09/2023. You can explore the organizations financials more deeply in the financial statements section below.
Since 2020, Mccune Foundation has awarded 389 individual grants totaling $170,816,608. 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 |
|---|---|---|---|
Laurel Randi Executive Director | 40 | $515,000 | |
Valerie Fahrny Grants Manager | 40 | $136,667 | |
Stephanie Mccarthy Program Associate | 40 | $111,117 | |
Rachel Cypher Office Administrator | 40 | $81,913 | |
Jocelyn Horner Office Administrator | 40 | $124,846 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $4,935,222 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $16,245,687 |
| Capital Gain Net Income | $16,245,687 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $21,180,909 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $568,566 |
| Other employee salaries and wages | $947,389 |
| Pension plans, employee benefits | $362,176 |
| Interest | $0 |
| Taxes | $130,935 |
| Depreciation | $0 |
| Occupancy | $185,708 |
| Travel, conferences, and meetings | $22,069 |
| Printing and publications | $3,380 |
| Other expenses | $132,949 |
| Total operating and administrative expenses | $2,652,411 |
| Contributions, gifts, grants paid | $42,730,959 |
| Total expenses and disbursements | $45,383,370 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $387,288 |
| Savings and temporary cash investments | $5,570,510 |
| 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 | $30,977,036 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $2,327,424 |
| Total assets | $142,078,330 |
| 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, Mccune Foundation has awarded $42,730,959 in support to 76 organizations.
| Grant Recipient | Amount |
|---|---|
YMCA OF GREENSBURG PURPOSE: GENERAL SUPPORT | $235,000 |
EAST LIBERTY FAMILY HEALTH CARE PURPOSE: GENERAL SUPPORT | $400,000 |
LITERACY PITTSBURGH PURPOSE: GENERAL SUPPORT | $75,000 |
HOLOCAUST CENTER OF PITTSBURGH PURPOSE: GENERAL SUPPORT | $275,000 |
ARTISTS IMAGE RESOURCES PURPOSE: GENERAL SUPPORT | $25,000 |
INDUSTRIAL ARTS WORKSHOP PURPOSE: GENERAL SUPPORT | $90,000 |