Mcgee Foundation

Organization Overview

Mcgee Foundation is located in Charleston, WV. The organization was established in 1993. 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. Mcgee 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 12/2021, Mcgee Foundation generated $5.8m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 60.0% each year . All expenses for the organization totaled $1.0m during the year ending 12/2021. While expenses have increased by 28.3% per year over the past 7 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 2017, Mcgee Foundation has awarded 24 individual grants totaling $1,779,036. 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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Financial Statements

Statement of Revenue
Contributions, Gifts, Grants & Similar $0
Interest on Savings $2,661
Dividends & Interest $681,702
Net Rental Income$0
Net Gain on Sale of Assets $5,139,017
Capital Gain Net Income $5,139,017
Net ST Capital Gain $0
Income Modifications $0
Profit on Inventory Sales $0
Other Income -$36,032
Total Revenue $5,787,348

Grants Awarded

Over the last fiscal year, Mcgee Foundation has awarded $680,245 in support to 6 organizations.

Grant RecipientAmount

CHARLESTON MAIN STREETS

Org PageRecipient Profile

Charleston, WV

PURPOSE: ECONOMIC DEVELOPMENT

$170,245

GREATER KANAWHA VALLEY FOUNDATION

PURPOSE: DEVELOPING, IMPROVING, AND RESTORING ECONOMIC VITALITY IN THE WEST SIDE COMMUNITY

$150,000

BLUEFIELD STATE UNIVERSITY

PURPOSE: DIRECT BENEFIT FOR STUDENTS THROUGH NEEDS BASED SCHOLARSHIPS

$100,000

GLENVILLE STATE UNIVERSITY

PURPOSE: DIRECT BENEFIT FOR STUDENTS THROUGH NEEDS BASED SCHOLARSHIPS

$100,000

WEST VIRGINIA STATE UNIVERSITY FOUNDATION

Org PageRecipient Profile

Institute, WV

PURPOSE: DIRECT BENEFIT FOR STUDENTS THROUGH NEEDS BASED SCHOLARSHIPS

$100,000

Claremont, CA

PURPOSE: SUPPORT TO ELIMINATE POVERTY

$60,000
View Grant Profile

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