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.

For the year ending 12/2019, Richard King Mellon Foundation Dtd 01-01-47 generated $225.7m in total revenue. This organization has experienced exceptional growth, as over the past 2 years, it has increased revenue by an average of 21.9% each year . All expenses for the organization totaled $139.5m during the year ending 12/2019. While expenses have increased by 5.4% per year over the past 2 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 266 individual grants totaling $104,130,147. 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 990PF Filing

TAX YEAR

2019

Describe the Organization's Program Activity:

Part 3 - Line 4a

NONE


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Outside Vendors & Contractors

Vendor Name (Service)Compensation
Russell Investments
$1,710,000
Sands Capital Management
$498,343
Mfs Investment Management
$464,994
Westwood Global Investments
$632,298
Bny Mellon Na
$863,388
View All Vendors

Financial Statements

Statement of Revenue
Contributions, Gifts, Grants & Similar $0
Interest on Savings $1,716,260
Dividends & Interest $48,030,851
Net Rental Income$0
Net Gain on Sale of Assets $150,181,319
Capital Gain Net Income $153,505,844
Net ST Capital Gain $0
Income Modifications $0
Profit on Inventory Sales $0
Other Income $25,728,506
Total Revenue $225,656,936

Grants Awarded

Over the last fiscal year, Richard King Mellon Foundation Dtd 01-01-47 has awarded $104,130,147 in support to 266 organizations.

Grant RecipientAmount

PITTSBURGH SYMPHONY

Org PageRecipient Profile

Pittsburgh, PA

PURPOSE: TOWARD THREE-YEAR SUPPORT OF THE ORGANIZATION'S LEGACY PENSION OBLIGATION, AND CAPITAL IMPROVEMENTS TO HEINZ HALL

$5,000,000

ECONOMIC GROWTH CONNECTION OF WESTMORELAND

Org PageRecipient Profile

Greensburg, PA

PURPOSE: TO SUPPORT THE CONSTRUCTION OF A DIGITAL INNOVATION LAB IN PARTNERSHIP WITH PENN STATE NEW KENSINGTON

$4,000,000

UNIVERSITY OF PITTSBURGH

Org PageRecipient Profile

Pittsburgh, PA

PURPOSE: TOWARD THREE-YEAR SUPPORT TO RECRUIT FACULTY TO LAUNCH THE PITTSBURGH VISION INSTITUTE'S CORTICAL VISION PROGRAM

$3,000,000

GREATER PITTSBURGH COMMUNITY FOOD BANK

Org PageRecipient Profile

Duquesne, PA

PURPOSE: TOWARD TWO-YEAR SUPPORT OF CAPITAL IMPROVEMENTS TO THE MAIN FACILITY IN ORDER TO OPTIMIZE OPERATIONS AND PROGRAMS

$3,000,000

UNIVERSITY OF PITTSBURGH

Org PageRecipient Profile

Pittsburgh, PA

PURPOSE: TOWARD THREE-YEAR SUPPORT TO RECRUIT FACULTY TO LAUNCH THE PITTSBURGH VISION INSTITUTE'S CORTICAL VISION PROGRAM

$3,000,000

MAGEE-WOMENS RESEARCH INSTITUTE AND FOUNDATION

Org PageRecipient Profile

Pittsburgh, PA

PURPOSE: TOWARD THREE-YEAR SUPPORT TO PURCHASE PROPERTY FOR FUTURE EXPANSION OF A RESEARCH FACILITY, RESEARCH PROGRAMS, AND TRANSLATIONAL IMPACT

$3,000,000
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