Mch Foundation

Organization Overview

Mch Foundation is located in Gastonia, NC. The organization was established in 2017. 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. Mch 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, Mch Foundation generated $3.4m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 6 years, the organization has seen revenues fall by an average of (6.6%) each year. All expenses for the organization totaled $505.0k during the year ending 12/2021. You can explore the organizations financials more deeply in the financial statements section below.

Since 2017, Mch Foundation has awarded 16 individual grants totaling $1,542,500. 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 $2,323,917
Interest on Savings $0
Dividends & Interest $274,104
Net Rental Income$0
Net Gain on Sale of Assets $760,604
Capital Gain Net Income $760,604
Net ST Capital Gain $0
Income Modifications $0
Profit on Inventory Sales $0
Other Income $0
Total Revenue $3,358,625

Grants Awarded

Over the last fiscal year, Mch Foundation has awarded $467,500 in support to 3 organizations.

Grant RecipientAmount

GASTON COUNTY FAMILY YMCA

Org PageRecipient Profile

Gastonia, NC

PURPOSE: GENERAL TAX EXEMPT PURPOSE

$200,000

EAGLE HILL SCHOOL

PURPOSE: GENERAL EDUCATION MISSION OF THE SCHOOL

$187,500

KIAWAH CARES FOUNDATION

Org PageRecipient Profile

Kiawah Island, SC

PURPOSE: GENERAL TAX EXEMPT PURPOSE

$80,000
View Grant Profile

Peer Organizations

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