Mcmillan Family Foundation Trust
- Assets
- $2.6m
- Revenue
- $126.1k
- Investments
- $2.6m
- Employees
- 0
- Location
- Seattle, WA
- Founding
- 12/2001
- Data as of
- 06/2023
- EIN
- 91-6511722
Organization Overview
Mcmillan Family Foundation Trust is located in Seattle, WA. The organization was established in 2001. 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. Mcmillan Family Foundation 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 06/2023, Mcmillan Family Foundation Trust generated $126.1k in total revenue. The organization has seen a slow decline revenue. Over the past 8 years, revenues have fallen by an average of (1.9%) each year. All expenses for the organization totaled $199.5k during the year ending 06/2023. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Mcmillan Family Foundation Trust has awarded 56 individual grants totaling $1,206,000. 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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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
David Mcmillan Trustee | 1 | $0 | |
Wendy Mcmillan Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $99,855 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $26,269 |
| Capital Gain Net Income | $26,269 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $16 |
| Total Revenue | $126,140 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $2,659 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $20 |
| Total operating and administrative expenses | $9,564 |
| Contributions, gifts, grants paid | $189,900 |
| Total expenses and disbursements | $199,464 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $56,122 |
| 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 | $574,326 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $2,630,741 |
| 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, Mcmillan Family Foundation Trust has awarded $189,900 in support to 9 organizations.
| Grant Recipient | Amount |
|---|---|
JOHN M PERKINS FOUNDATION PURPOSE: UNRESTRICTED USE BY DONEE | $20,000 |
THE INTERNATIONAL FOUNDATION PURPOSE: UNRESTRICTED USE BY DONEE | $15,000 |
LEADERSHIP DEVELOPMENT SEMINARS PURPOSE: UNRESTRICTED USE BY DONEE | $87,900 |
WATUMULL FAMILY CHILDREN'S FUND PURPOSE: UNRESTRICTED USE BY DONEE | $20,000 |
MAKE-A-WISH ALASKA & WASHINGTON PURPOSE: UNRESTRICTED USE BY DONEE | $16,000 |
NAMI WASHINGTON PURPOSE: UNRESTRICTED USE BY DONEE | $5,000 |