Mckesson Foundation
- Assets
- $4.4m
- Revenue
- $5.1m
- Investments
- $0.0
- Employees
- 0
- Location
- Dallas, TX
- Founding
- 01/1992
- Data as of
- 03/2023
- EIN
- 94-3140036
Organization Overview
Mckesson Foundation is located in Dallas, TX. The organization was established in 1992. 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. Mckesson 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 03/2023, Mckesson Foundation generated $5.1m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 4 years, the organization has seen revenues fall by an average of (23.8%) each year. All expenses for the organization totaled $14.5m during the year ending 03/2023. You can explore the organizations financials more deeply in the financial statements section below.
Since 2022, Mckesson Foundation has awarded 4,136 individual grants totaling $17,280,754. 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
2023
Describe the Organization's Program Activity:
Part 3 - Line 4a
GIVING COMFORT IS A CHARITY INITIATIVE THAT PROVIDES CANCER PATIENTS WITH CANCER CARE PACKAGES. THESE "COMFORT KITS" ARE FILLED WITH THE MOST NEEDED AND REQUESTED ITEMS TO PROVIDE COMFORT AND RELIEF DURING CHEMOTHERAPY TREATMENT. DURING FISCAL YEAR 2023, THE FOUNDATION DONATED 5,390 KITS TO CANCER PATIENTS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Melissa Thompson President | 20 | $0 | |
Nadia Sommers Treasurer | 0.4 | $0 | |
Sharon Billington Secretary | 0.4 | $0 | |
Paul A Smith Assistant Secretary | 0.4 | $0 | |
Rita Mclean Director | 0.4 | $0 | |
Lori Schechter Director | 0.4 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $5,000,000 |
| Interest on Savings | $0 |
| Dividends & Interest | $78,861 |
| 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 | $5,078,861 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $229,453 |
| Pension plans, employee benefits | $20,388 |
| Interest | $0 |
| Taxes | $17,324 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $2,331 |
| Printing and publications | $0 |
| Other expenses | $107,379 |
| Total operating and administrative expenses | $823,656 |
| Contributions, gifts, grants paid | $13,670,570 |
| Total expenses and disbursements | $14,494,226 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $17,298 |
| Savings and temporary cash investments | $4,170,527 |
| Net Accounts receivable | $17,416 |
| 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 | $152,375 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $0 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $85,549 |
| Total assets | $4,443,165 |
| Accounts payable and accrued expenses | $324,479 |
| Grants payable | $5,223,746 |
| 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 | $5,548,225 |
Grants Awarded
Over the last fiscal year, Mckesson Foundation has awarded $13,670,570 in support to 2,263 organizations.
| Grant Recipient | Amount |
|---|---|
147 MILLION ORPHANS FOUNDATION INC PURPOSE: CHARITABLE | $508 |
25 PROJECT INC PURPOSE: CHARITABLE | $1,100 |
40 MILES INITIATIVE PURPOSE: CHARITABLE | $2,420 |
412 FOOD RESCUE INC PURPOSE: CHARITABLE | $212 |
901 GIRLS WITH GOALS INC PURPOSE: CHARITABLE | $2,893 |
88BIKES PURPOSE: CHARITABLE | $88 |