Margaret Mellon Hitchcock Foundation
- Assets
- $4.5m
- Revenue
- $403.1k
- Investments
- $4.3m
- Employees
- 0
- Location
- Pittsburgh, PA
- Founding
- 04/1963
- Data as of
- 12/2022
- EIN
- 25-6018992
Organization Overview
Margaret Mellon Hitchcock Foundation is located in Pittsburgh, PA. The organization was established in 1963. 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. Margaret Mellon Hitchcock 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 12/2022, Margaret Mellon Hitchcock Foundation generated $403.1k in total revenue. This represents relatively stable growth, over the past 4 years the organization has increased revenue by an average of 3.7% each year. All expenses for the organization totaled $399.1k during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2020, Margaret Mellon Hitchcock Foundation has awarded 185 individual grants totaling $560,166. 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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Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $130,575 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $272,010 |
| Capital Gain Net Income | $272,010 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $476 |
| Total Revenue | $403,061 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $17,962 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $4,802 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $91 |
| Total operating and administrative expenses | $22,855 |
| Contributions, gifts, grants paid | $376,200 |
| Total expenses and disbursements | $399,055 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $10,449 |
| Savings and temporary cash investments | $166,588 |
| 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 | $4,314,313 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $4,491,350 |
| 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, Margaret Mellon Hitchcock Foundation has awarded $403,833 in support to 102 organizations.
| Grant Recipient | Amount |
|---|---|
UNITED PLANT SAVERS PURPOSE: GENERAL OPERATING | $2,000 |
PITTSBURGH MUSKOKA FOUNDATION PURPOSE: GENERAL OPERATING | $16,000 |
THE METROPOLITAN MUSEUM OF ART PURPOSE: GENERAL OPERATING | $1,000 |
NORTON MUSEUM OF ART PURPOSE: GENERAL OPERATING | $2,000 |
THE CROSBY FUND FOR HAITIAN EDUCATION PURPOSE: GENERAL OPERATING | $1,000 |
ERIC CARLE MUSEUM OF PICTURE BOOK ART PURPOSE: GENERAL OPERATING | $1,000 |