Richard King Mellon Foundation Dtd 01-01-47

Organization Overview

Richard King Mellon Foundation Dtd 01-01-47 is located in Pittsburgh, PA. The organization was established in 1949. 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. Richard King Mellon Foundation Dtd 01-01-47 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, Richard King Mellon Foundation Dtd 01-01-47 generated $383.2m in total revenue. This organization has experienced exceptional growth, as over the past 4 years, it has increased revenue by an average of 26.0% each year . All expenses for the organization totaled $172.1m during the year ending 12/2021. While expenses have increased by 8.2% per year over the past 4 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 2019, Richard King Mellon Foundation Dtd 01-01-47 has awarded 1,290 individual grants totaling $891,188,131. 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.

Mission & Program ActivityExcerpts From the 990T Filing

TAX YEAR

2021

Describe the Organization's Program Activity:

NONE


NONE


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Outside Vendors & Contractors

Vendor Name (Service)Compensation
T Rowe Price
$2,698,795
Westwood Global Investments
$677,325
Russell Investments
$1,939,080
Bny Mellon Na
$921,362
Russell Investments
$1,939,080
Bny Mellon Na
$921,362
View All Vendors

Financial Statements

Statement of Revenue
Contributions, Gifts, Grants & Similar $0
Interest on Savings $88,975
Dividends & Interest $56,687,319
Net Rental Income$0
Net Gain on Sale of Assets $262,694,746
Capital Gain Net Income $263,589,971
Net ST Capital Gain $0
Income Modifications $0
Profit on Inventory Sales $0
Other Income $63,743,966
Total Revenue $383,215,006

Grants Awarded

Over the last fiscal year, Richard King Mellon Foundation Dtd 01-01-47 has awarded $681,236,276 in support to 618 organizations.

Grant RecipientAmount

UNIVERSITY OF PITTSBURGH

Org PageRecipient Profile

Pittsburgh, PA

PURPOSE: TOWARD TEN-YEAR SUPPORT OF THE UNIVERSITY'S CONSTRUCTION AND LAUNCH OF A FACILITY AT HAZELWOOD GREEN TO CATALYZE AN ECONOMIC DEVELOPMENT STRATEGY FOCUSED ON BUILDING FACILITIES FOR MANUFACTURING CELL, GENE, AND ANTIBODY-BASED THERAPIES TO TREAT HUMAN DISEASES

$10,000,000

UNIVERSITY OF PITTSBURGH

Org PageRecipient Profile

Pittsburgh, PA

PURPOSE: TOWARD TEN-YEAR SUPPORT OF THE UNIVERSITY'S CONSTRUCTION AND LAUNCH OF A FACILITY AT HAZELWOOD GREEN TO CATALYZE AN ECONOMIC DEVELOPMENT STRATEGY FOCUSED ON BUILDING FACILITIES FOR MANUFACTURING CELL, GENE, AND ANTIBODY-BASED THERAPIES TO TREAT HUMAN DISEASES

$10,000,000

UNIVERSITY OF PITTSBURGH

Org PageRecipient Profile

Pittsburgh, PA

PURPOSE: TOWARD TEN-YEAR SUPPORT OF THE UNIVERSITY'S CONSTRUCTION AND LAUNCH OF A FACILITY AT HAZELWOOD GREEN TO CATALYZE AN ECONOMIC DEVELOPMENT STRATEGY FOCUSED ON BUILDING FACILITIES FOR MANUFACTURING CELL, GENE, AND ANTIBODY-BASED THERAPIES TO TREAT HUMAN DISEASES

$10,000,000

CARNEGIE MELLON UNIVESITY

PURPOSE: TOWARD TEN-YEAR SUPPORT OF CONSTRUCTION OF A NEW BUILDING FOR SCIENCES IN OAKLAND

$10,000,000

UNIVERSITY OF PITTSBURGH

Org PageRecipient Profile

Pittsburgh, PA

PURPOSE: TOWARD TEN-YEAR SUPPORT OF THE UNIVERSITY'S CONSTRUCTION AND LAUNCH OF A FACILITY AT HAZELWOOD GREEN TO CATALYZE AN ECONOMIC DEVELOPMENT STRATEGY FOCUSED ON BUILDING FACILITIES FOR MANUFACTURING CELL, GENE, AND ANTIBODY-BASED THERAPIES TO TREAT HUMAN DISEASES

$10,000,000

CARNEGIE MELLON UNIVESITY

PURPOSE: TOWARD TEN-YEAR SUPPORT OF CONSTRUCTION OF A NEW BUILDING FOR SCIENCES IN OAKLAND

$10,000,000
View Grant Profile

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