The Mcconnell Family Foundation
- Assets
- $1.8m
- Revenue
- -$32.3k
- Investments
- $1.6m
- Employees
- 0
- Location
- Wilmington, DE
- Founding
- 03/2015
- Data as of
- 07/2023
- EIN
- 46-3817378
Organization Overview
The Mcconnell Family Foundation is located in Wilmington, DE. The organization was established in 2015. 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. Mcconnell Family Foundation is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
Since 2016, Mcconnell Family Foundation has awarded 46 individual grants totaling $1,654,325. 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 |
|---|---|---|---|
Linda R Mcconnell Pres, Dir | 1 | $0 | |
Paul M Mcconnell Dir, Sec, Treas | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $801 |
| Dividends & Interest | $29,859 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | -$62,951 |
| Capital Gain Net Income | $351,740 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | -$32,291 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $370 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $5,700 |
| Total operating and administrative expenses | $13,634 |
| Contributions, gifts, grants paid | $93,400 |
| Total expenses and disbursements | $107,034 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $181,823 |
| 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 | $1,754,232 |
| 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, The Mcconnell Family Foundation has awarded $93,400 in support to 4 organizations.
| Grant Recipient | Amount |
|---|---|
FAITHFUL FRIENDS INC PURPOSE: CHALLENGE PROGRAM | $30,000 |
URSULINE ACADEMY OF WILMINGTON DELAWARE INC PURPOSE: PAUL & LINDA MCCONNELL LOWER SCHOOL TUITION ASSISTANCE FUND | $13,400 |
URSULINE ACADEMY OF WILMINGTON DELAWARE INC PURPOSE: PAUL & LINDA MCCONNELL LOWER SCHOOL TUITION ASSISTANCE FUND | $40,000 |
URSULINE ACADEMY OF WILMINGTON DELAWARE INC PURPOSE: SERVIAM ACADEMY STUDENT TUITION ASSISTANCE AWARD SCHOLARSHIP FUND | $10,000 |