Mccune Foundation
- Assets
- $180.5m
- Revenue
- $38.2m
- Investments
- $140.8m
- Employees
- 0
- Location
- Pittsburgh, PA
- Founding
- 09/1980
- Data as of
- 09/2021
- 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 09/2021, Mccune Foundation generated $38.2m in total revenue. This organization has experienced exceptional growth, as over the past 3 years, it has increased revenue by an average of 34.2% each year . All expenses for the organization totaled $41.4m during the year ending 09/2021. While expenses have increased by 11.2% per year over the past 3 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 2020, Mccune Foundation has awarded 234 individual grants totaling $78,047,074. 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 | $427,726 | |
Kate Sphar Senior Program Direc | 40 | $200,000 | |
Valerie Fahrny Grants Manager | 40 | $111,148 | |
Stephanie Mccarthy Program Associate | 40 | $88,475 | |
Rachel Benson Office Administrator | 40 | $55,088 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $3,651,970 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $34,406,904 |
| Capital Gain Net Income | $34,406,904 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $123,365 |
| Total Revenue | $38,182,239 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $752,029 |
| Other employee salaries and wages | $882,437 |
| Pension plans, employee benefits | $159,210 |
| Interest | $0 |
| Taxes | $572,745 |
| Depreciation | $0 |
| Occupancy | $179,802 |
| Travel, conferences, and meetings | $669 |
| Printing and publications | $3,028 |
| Other expenses | $247,573 |
| Total operating and administrative expenses | $3,018,825 |
| Contributions, gifts, grants paid | $38,352,120 |
| Total expenses and disbursements | $41,370,945 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $278,105 |
| Savings and temporary cash investments | $35,718,097 |
| 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 | $43,254,671 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $3,730,007 |
| Total assets | $180,488,577 |
| 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 $38,352,120 in support to 109 organizations.
| Grant Recipient | Amount |
|---|---|
Pittsburgh, PA PURPOSE: GENERAL SUPPORT | $3,318,635 |
Pittsburgh, PA PURPOSE: GENERAL SUPPORT | $3,315,214 |
PITTSBURGH GATEWAYS PURPOSE: GENERAL SUPPORT | $3,000,000 |
PHIPPS CONSERVATORY PURPOSE: GENERAL SUPPORT | $3,000,000 |
NEIGHBORHOOD ALLIES PURPOSE: GENERAL SUPPORT | $2,850,000 |
Latrobe, PA PURPOSE: GENERAL SUPPORT | $2,100,000 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Mccune Foundation has recieved totaling $20,000.
| Awarding Organization | Amount |
|---|---|
Allegheny Conference On Community Development Pittsburgh, PA PURPOSE: UNSPENT GRANT FUNDS - POWERUP CONNECT | $20,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
William Penn Foundation Philadelphia, PA | $0 | $175,834,650 |
The Heinz Endowments Pittsburgh, PA | $0 | $54,378,087 |
Druckenmiller Foundation New York, NY | $1,579,806,367 | $402,828,458 |
Rockefeller Brothers Fund Inc New York, NY | $1,654,004,790 | $94,665,303 |
Anna Maria And Stephen Kellen Foundation Inc New York, NY | $1,287,407,560 | $57,361,611 |
The Wallace Foundation New York, NY | $1,815,949,042 | $114,535,478 |
George Gund Foundation Cleveland, OH | $524,945,754 | $120,923,136 |
Oberkotter Foundation Philadelphia, PA | $83,021,123 | $23,009,013 |
Stephen A Schwarzman Foundation New York, NY | $124,156,635 | $61,557,254 |
Pepsico Foundation Inc Purchase, NY | $25,033,678 | $1,734,936 |
Pnc Foundation Pittsburgh, PA | $218,373,148 | $3,451,991 |
Foundation Mireille And James Levy Usa New York, NY | $36,878,233 | $277,701 |