Harold W Mcgraw Jr Family Foundation Inc
- Assets
- $49.9m
- Revenue
- $2.9m
- Investments
- $47.3m
- Employees
- 0
- Location
- Stamford, CT
- Founding
- 10/2010
- Data as of
- 12/2023
- EIN
- 27-3418504
Organization Overview
Harold W Mcgraw Jr Family Foundation Inc is located in Stamford, CT. The organization was established in 2010. 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. Harold W Mcgraw Jr Family Foundation Inc 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, Harold W Mcgraw Jr Family Foundation Inc generated $2.9m in total revenue. This represents relatively stable growth, over the past 4 years the organization has increased revenue by an average of 6.6% each year. All expenses for the organization totaled $7.7m during the year ending 12/2023. While expenses have increased by 12.5% per year over the past 4 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, Harold W Mcgraw Jr Family Foundation Inc has awarded 40 individual grants totaling $23,681,485. 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 |
|---|---|---|---|
Suzanne Mcgraw President, Director | 1 | $0 | |
Harold W Mcgraw III Treasurer, Director | 1 | $0 | |
Robert P Mcgraw Secretary, Director | 1 | $0 | |
Howard S Tuthill III Asst Secretary/asst Treasury | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Gabriele Group Inc | 12/30/23 | $95,885 |
Gsg Advisory Services Llc | 12/30/23 | $71,681 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $1,657,694 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $1,280,166 |
| Capital Gain Net Income | $1,280,166 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $2,937,860 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $44,488 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $21,672 |
| Total operating and administrative expenses | $662,532 |
| Contributions, gifts, grants paid | $7,018,523 |
| Total expenses and disbursements | $7,681,055 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $2,569,991 |
| 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 | $5,936,028 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $49,862,085 |
| 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, Harold W Mcgraw Jr Family Foundation Inc has awarded $7,018,523 in support to 9 organizations.
| Grant Recipient | Amount |
|---|---|
CARNEGIE HALL CORP PURPOSE: CURRENT USE FOR GENERAL CHARITABLE PURPOSES | $399,184 |
CARVER FOUNDATION OF NORWALK INC PURPOSE: CURRENT USE FOR GENERAL CHARITABLE PURPOSES | $407,759 |
FAMILY CENTERS INC PURPOSE: CURRENT USE FOR GENERAL CHARITABLE PURPOSES | $548,781 |
FILLING IN THE BLANKS INC PURPOSE: CURRENT USE FOR GENERAL CHARITABLE PURPOSES | $149,983 |
HARTLEY HOUSE INC PURPOSE: CURRENT USE FOR GENERAL CHARITABLE PURPOSES | $50,379 |
JUILLIARD SCHOOL PURPOSE: CURRENT USE FOR GENERAL CHARITABLE PURPOSES | $12,000 |