Mcgrath Investment Foundation
- Assets
- $1.9m
- Revenue
- $277.8k
- Investments
- $1.9m
- Employees
- 0
- Location
- Denver, CO
- Founding
- 07/1995
- Data as of
- 12/2021
- EIN
- 84-1307861
Organization Overview
Mcgrath Investment Foundation is located in Denver, CO. The organization was established in 1995. 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. Mcgrath Investment 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, Mcgrath Investment Foundation generated $277.8k in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 14.7% each year . All expenses for the organization totaled $703.0k during the year ending 12/2021. While expenses have increased by 20.8% 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 2015, Mcgrath Investment Foundation has awarded 93 individual grants totaling $2,329,933. 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.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2021
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROVISION OF FUNDING TO 23 CHARITIES FOR CONTINUATION OF THEIR CHARITABLE ACTIVITIES
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Ann Pena President | 0 | $0 | |
Tracey Mcgrath Director | 0 | $0 | |
Barbara L Mcgrath Director | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $46 |
| Dividends & Interest | $46,438 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $231,315 |
| Capital Gain Net Income | $231,315 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $277,799 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $13,746 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $0 |
| Total operating and administrative expenses | $24,413 |
| Contributions, gifts, grants paid | $678,549 |
| Total expenses and disbursements | $702,962 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $29,998 |
| Savings and temporary cash investments | $25,082 |
| 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 | $1,939,506 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $5,000 |
| 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 | $5,000 |
Grants Awarded
Over the last fiscal year, Mcgrath Investment Foundation has awarded $678,549 in support to 24 organizations.
| Grant Recipient | Amount |
|---|---|
WILD ANIMAL SANCTUARY PURPOSE: TO PREVENT AND ALLEVIATE CRUELTY TO ANIMALS WHICH ARE ABANDONED OR WERE SUBJECT TO DEPRIVATION OR NEGLECT. | $130,000 |
BATEMAN HORNE CENTER PURPOSE: EMPOWER PATIENTS, ADVANCE RESEARCH, AND IMPROVE CLINICAL CARE FOR ALL THOSE IMPACTED BY ME/CFS, FM AND RELATED COMORBIDITIES. | $80,000 |
San Francisco, CA PURPOSE: TO ENFORCE ENVIRONMENTAL LAWS THAT PROTECT WILDLIFE AND WILD PLACES, BAN CERTAIN POLLUTANTS AND CHEMICALS, PROMOTE CLEAN ENERGY, AND OPPOSE GLOBAL CLIMATE CHANGE | $68,000 |
Washington, DC PURPOSE: CLEANER AND SAFER WATER, CLEANER AIR AND PROTECTION FROM TOXIC POLLUTION TO HOMES, NEIGHBORHOODS AND WORKPLACES. | $60,000 |
EDEN PROJECTS PURPOSE: ENVIRONMENTAL - RESTORE HEALTHY FORESTS BY EMPLOYING LOCAL PEOPLE TO PLANT MILLIONS OF TREES EVERY YEAR. | $51,183 |
Washington, DC PURPOSE: PROTECTING AND RESTORING HEALTHY FOREST ECOSYSTEMS | $40,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Arnall Family Foundation Inc Oklahoma City, OK | $11,371,239 | $12,792,638 |
Walter Scott Family Foundation Omaha, NE | $596,551,475 | $88,689,053 |
The Samuel Roberts Noble Foundation Ardmore, OK | $1,183,090,626 | $85,581,097 |
Gates Family Foundation Denver, CO | $458,247,303 | $68,267,243 |
Buffett Early Childhood Fund Omaha, NE | $9,728,090 | $31,407,344 |
Anne And Henry Zarrow Foundation Tulsa, OK | $347,173,230 | $36,385,260 |
Jon And Karen Huntsman Foundation Salt Lake City, UT | $0 | $68,260,311 |
El Pomar Foundation Colorado Springs, CO | $452,441,260 | $71,471,160 |
George S Eccles And Delores Dore Eccles Foundation Salt Lake City, UT | $0 | $176,040,595 |
The Lozier Foundation Omaha, NE | $440,536,134 | $84,469,210 |
Catena Foundation Carbondale, CO | $397,661,850 | $217,833,912 |
People-People-People Foundation Dated 4-19-2018 Scottsdale, AZ | $10,000,014 | $37,338,865 |