Mcgregor Fund
- Assets
- $143.2m
- Revenue
- $18.4m
- Investments
- $136.5m
- Employees
- 0
- Location
- Detroit, MI
- Founding
- 11/1933
- Data as of
- 06/2022
- EIN
- 38-0808800
Organization Overview
Mcgregor Fund is located in Detroit, MI. The organization was established in 1933. 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. Mcgregor Fund 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 06/2022, Mcgregor Fund generated $18.4m in total revenue. This represents relatively stable growth, over the past 3 years the organization has increased revenue by an average of 0.5% each year. All expenses for the organization totaled $11.9m during the year ending 06/2022. While expenses have increased by 4.5% 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 2021, Mcgregor Fund has awarded 390 individual grants totaling $26,091,317. 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 |
|---|---|---|---|
Name Not Listed Trustee | 1 | $0 | |
Name Not Listed Trustee | 1 | $0 | |
Name Not Listed Trustee | 1 | $0 | |
Name Not Listed Trustee | 1 | $0 | |
Name Not Listed Chairman | 1 | $0 | |
Name Not Listed Trustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Cambridge Associates | 6/29/22 | $569,748 |
Comerica Bank | 6/29/22 | $86,404 |
M3d Experienced | 6/29/22 | $57,450 |
Gqg Partners Global Equity Fund | 6/29/22 | $67,811 |
Plante Moran | 6/29/22 | $57,150 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $2,081 |
| Dividends & Interest | $1,618,078 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $17,513,356 |
| Capital Gain Net Income | $27,634,213 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | -$735,061 |
| Total Revenue | $18,398,454 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $284,908 |
| Other employee salaries and wages | $563,312 |
| Pension plans, employee benefits | $297,229 |
| Interest | $0 |
| Taxes | $33,230 |
| Depreciation | $0 |
| Occupancy | $99,402 |
| Travel, conferences, and meetings | $22,149 |
| Printing and publications | $0 |
| Other expenses | $99,879 |
| Total operating and administrative expenses | $2,429,008 |
| Contributions, gifts, grants paid | $9,518,684 |
| Total expenses and disbursements | $11,947,692 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $138,035 |
| Savings and temporary cash investments | $6,331,203 |
| 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 | $122,607 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $118,530,976 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $96,938 |
| Total assets | $143,236,625 |
| Accounts payable and accrued expenses | $94,322 |
| 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 | $1,203,890 |
| Total liabilities | $1,298,212 |
Grants Awarded
Over the last fiscal year, Mcgregor Fund has awarded $15,821,194 in support to 181 organizations.
| Grant Recipient | Amount |
|---|---|
A CHILD FOR ALL PURPOSE: MATCHING GIFTS PROGRAM | $400 |
A CHILD FOR ALL PURPOSE: MATCHING GIFT | $600 |
ACCOUNTING AID SOCIETY PURPOSE: ANNUAL OPERATIONS | $100,000 |
ALTERNATIVES FOR GIRLS PURPOSE: COMBINATION | $600,000 |
ALTERNATIVES FOR GIRLS PURPOSE: MATCHING GIFTS PROGRAM | $10,000 |
ALTERNATIVES FOR GIRLS PURPOSE: MATCHING GIFT PROGRAM | $2,020 |