Mugar Foundation
- Assets
- $10.0m
- Revenue
- $10.5m
- Investments
- $0.0
- Employees
- 0
- Location
- Boston, MA
- Founding
- 09/2010
- Data as of
- 12/2023
- EIN
- 80-0638652
Organization Overview
Mugar Foundation is located in Boston, MA. The organization was established in 2010. 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. Mugar 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 12/2023, Mugar Foundation generated $10.5m in total revenue. All expenses for the organization totaled $909.8k during the year ending 12/2023. While expenses have increased by 44.4% per year over the past 9 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 2016, Mugar Foundation has awarded 73 individual grants totaling $3,113,805. 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 |
|---|---|---|---|
Alan W Rottenberg Invest. Committee Trustee | 0.1 | $0 | |
Jennifer E Mugar Trustee | 0.1 | $0 | |
Peter S Mugar Trustee | 0.1 | $0 | |
Jonathan Wg Mugar Trustee | 0.1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $10,030,685 |
| Interest on Savings | $480 |
| Dividends & Interest | $424,998 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $0 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $10,456,163 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $0 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $6,444 |
| Total operating and administrative expenses | $6,679 |
| Contributions, gifts, grants paid | $903,119 |
| Total expenses and disbursements | $909,798 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $123,009 |
| Savings and temporary cash investments | $9,900,663 |
| 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 | $10,023,672 |
| 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, Mugar Foundation has awarded $903,119 in support to 19 organizations.
| Grant Recipient | Amount |
|---|---|
ARMENIA TREE PROJECT PURPOSE: GIFT TO SUPPORT THE PROJECT'S TREE PLANTING, WORK AND EDUCATION PROGRAMS. | $5,000 |
BELMONT DAY SCHOOL PURPOSE: GENERAL SUPPORT | $5,000 |
BELMONT HILL SCHOOL PURPOSE: GENERAL SUPPORT | $5,000 |
BELMONT HILL SCHOOL PURPOSE: GIFT TO SILEN FAMILY AND MUGAR FAMILY SCHOLARSHIP FUND TO SUPPORT THE STUDENTS, FACULTY, AND STAFF OF THE SCHOOL. | $50,000 |
BELMONT HILL SCHOOL PURPOSE: GIFT TO SILEN FAMILY AND MUGAR FAMILY SCHOLARSHIP FUND TO SUPPORT THE STUDENTS, FACULTY, AND STAFF OF THE SCHOOL. | $100,000 |
BRIMMER PURPOSE: GENERAL SUPPORT - BUILDING OUR TOMMORROW CAMPAIGN | $5,000 |