Mcswigan Family Foundation -Trust-
- Assets
- $3.1m
- Revenue
- $122.7k
- Investments
- $2.6m
- Employees
- 0
- Location
- Pittsburgh, PA
- Founding
- 11/2009
- Data as of
- 12/2022
- EIN
- 32-6080749
Organization Overview
Mcswigan Family Foundation -Trust- is located in Pittsburgh, PA. The organization was established in 2009. 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. Mcswigan Family Foundation -Trust- 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, Mcswigan Family Foundation -Trust- generated $122.7k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (18.1%) each year. All expenses for the organization totaled $610.6k during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2016, Mcswigan Family Foundation -Trust- has awarded 32 individual grants totaling $3,166,889. 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 |
|---|---|---|---|
Mary A Mcdonough Chairman | 3 | $0 | |
Stephen R Kossuth President/tr | 1.5 | $0 | |
Carroll R Quinn Trustee | 0.25 | $0 | |
Marjorie J Friday Vice Preside | 1.5 | $0 | |
Melissa Mcswigan Secretary | 0.5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $1,678 |
| Dividends & Interest | $120,736 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $327 |
| Capital Gain Net Income | $2,231 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $122,741 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $116 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $0 |
| Total operating and administrative expenses | $40,598 |
| Contributions, gifts, grants paid | $569,999 |
| Total expenses and disbursements | $610,597 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $490,882 |
| 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 | $0 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $3,064,001 |
| 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, Mcswigan Family Foundation -Trust- has awarded $569,999 in support to 3 organizations.
| Grant Recipient | Amount |
|---|---|
THE PITTSBURGH FOUNDATION PURPOSE: ART PROGRAMS FOR CHILDREN AND YOUTH | $374,895 |
THE PITTSBURGH FOUNDATION PURPOSE: ART PROGRAMS FOR CHILDREN AND YOUTH | $180,104 |
MANCHESTER BIDWELL CORPORATION PURPOSE: BTC'S CULINARY ARTS PROGRAM | $15,000 |