Mccartney Family Charitable Trust
- Assets
- $5.2m
- Revenue
- $546.1k
- Investments
- $5.1m
- Employees
- 0
- Location
- Raleigh, NC
- Founding
- 05/2017
- Data as of
- 12/2021
- EIN
- 81-4871522
Organization Overview
Mccartney Family Charitable Trust is located in Raleigh, 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. Mccartney Family Charitable Trust 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, Mccartney Family Charitable Trust generated $546.1k in total revenue. This organization has experienced exceptional growth, as over the past 4 years, it has increased revenue by an average of 17.8% each year . All expenses for the organization totaled $282.7k during the year ending 12/2021. You can explore the organizations financials more deeply in the financial statements section below.
Since 2018, Mccartney Family Charitable Trust has awarded 34 individual grants totaling $1,154,000. 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 | $0 |
| Dividends & Interest | $165,851 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $380,206 |
| Capital Gain Net Income | $380,206 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $546,057 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $40,820 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $6,158 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $0 |
| Total operating and administrative expenses | $47,728 |
| Contributions, gifts, grants paid | $235,000 |
| Total expenses and disbursements | $282,728 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $148,893 |
| 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 | $5,055,633 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $5,204,526 |
| 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, Mccartney Family Charitable Trust has awarded $235,000 in support to 7 organizations.
| Grant Recipient | Amount |
|---|---|
Roanoke, VA PURPOSE: GENERAL PURPOSE | $47,000 |
THE RESCUE MISSION FOUNDATION PURPOSE: GENERAL PURPOSE | $47,000 |
ST ELIZABETH'S EPISCOPAL CHURCH PURPOSE: GENERAL PURPOSE | $47,000 |
SALVATION ARMY PURPOSE: GENERAL PURPOSE | $23,500 |
AMERICAN CANCER SOCIETY PURPOSE: GENERAL PURPOSE | $23,500 |
Roanoke, VA PURPOSE: GENERAL PURPOSE | $23,500 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Trousdale Foundation Inc Cleveland, TN | $157,578,588 | $76,137,385 |
The United Methodist Retirement Homes Inc Durham, NC | $351,992,425 | $85,120,969 |
The Murray & Sydell Rosenberg Foundation Inc Atlanta, GA | $5,561,714 | $74,985,544 |
Joseph B Whitehead Foundation Atlanta, GA | $148,285,590 | $58,163,845 |
Winshape Foundation Inc Atlanta, GA | $1,733,664,901 | $22,099,572 |
A Good Name Foundation Inc Atlanta, GA | $709,299,721 | $33,917,740 |
Jane Woodruff Foundation Inc Atlanta, GA | $0 | $54,999,988 |
Ups Foundation Inc Atlanta, GA | $8,317,427 | $54,799,163 |
Claws Foundation Reston, VA | $37,055,234 | $1,734,426 |
Dogwood Health Trust Asheville, NC | $1,386,374,836 | $630,200,598 |
Jack Kent Cooke Foundation Lansdowne, VA | $883,502,508 | $42,942,790 |
O Wayne Rollins Foundation Atlanta, GA | $468,654,801 | $21,609,282 |