Million Dollar Round Table Foundation

Organization Overview

Million Dollar Round Table Foundation is located in Park Ridge, IL. The organization was established in 1966. 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. Million Dollar Round Table 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 08/2021, Million Dollar Round Table Foundation generated $4.8m in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 9.5% each year. All expenses for the organization totaled $2.1m during the year ending 08/2021. While expenses have increased by 2.6% per year over the past 6 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 2015, Million Dollar Round Table Foundation has awarded 254 individual grants totaling $4,450,062. 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 990 Filing

TAX YEAR

2021

Describe the Organization's Mission:

Part 3 - Line 1

THE MDRT FOUNDATION IS THE CHARITABLE ARM OF MILLION DOLLAR ROUND TABLE (MDRT), A GLOBAL ASSOCIATION OF FINANCIAL SERVICES PROFESSIONALS. THE MISSION OF THE MDRT FOUNDATION IS TO INCREASE MEMBER AND INDUSTRY PARTICIPATION AND TO GIVE FUNDS TO WORTHWHILE CHARITABLE ORGANIZATIONS THROUGHOUT THE WORLD.

Describe the Organization's Program Activity:

Part 3 - Line 4a

THE MDRT FOUNDATION PROVIDES GRANT FUNDING TO A DIVERSE RANGE OF CHARITABLE PROGRAMS WORLDWIDE. GRANT AWARDS ARE DETERMINED BY A GRANT APPLICATION PROCESS, FOUNDATION POLICY, OR BY THE BOARD OF TRUSTEES. ALL GRANT RECIPIENTS MUST MEET ELIGIBILITY REQUIREMENTS, INCLUDING OPERATING AS A NOT-FOR-PROFIT FOR CHARITABLE PURPOSES.


Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.

Board, Officers & Key Employees

Name (title)Compensation
Brian Walsh
President
$0
Brian G Tarpey
Immediate Past President
$0
Adrian Baker
Officer/secretary
$0
John F Nichols
Vice President
$0
Andy Lord
Officer/treasurer
$0
Regina Bedoya
Ex Officio
$0

Financial Statements

Statement of Revenue
Federated campaigns$0
Membership dues$0
Fundraising events$0
Related organizations$569,067
Government grants $0
All other contributions, gifts, grants, and similar amounts not included above$1,299,475
Noncash contributions included in lines 1a–1f $0
Total Revenue from Contributions, Gifts, Grants & Similar$1,868,542
Total Program Service Revenue$0
Investment income $528,520
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $0
Net Gain/Loss on Asset Sales $2,439,620
Net Income from Fundraising Events $0
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $0
Miscellaneous Revenue$0
Total Revenue $4,845,790

Grants Awarded

Over the last fiscal year, Million Dollar Round Table Foundation has awarded $331,530 in support to 22 organizations.

Grant RecipientAmount

PROVIDENCE NETWORK

Org PageRecipient Profile

Denver, CO

PURPOSE: SOCIAL SERVICE

$50,000

Arlington, VA

PURPOSE: SOCIAL SERVICE

$25,000

Chicago, IL

PURPOSE: SOCIAL SERVICE

$25,000

NIKOLAS RITSCHEL FOUNDATION

Org PageRecipient Profile

Rockford, IL

PURPOSE: SOCIAL SERVICE

$24,000

COLORADO HAITI PROJECT

Org PageRecipient Profile

Louisville, CO

PURPOSE: SOCIAL SERVICE

$18,000

Chicago, IL

PURPOSE: SOCIAL SERVICE

$17,500
View Grant Profile

Grants Recieved

Over the last fiscal year, we have identified 6 grants that Million Dollar Round Table Foundation has recieved totaling $1,057,889.

Awarding OrganizationAmount
Mightycause Charitable Foundation

Marianna, FL

PURPOSE: UNRESTRICTED

$649,753
Million Dollar Round Table Of The Natl Assn Of Life Underwriters

Park Ridge, IL

PURPOSE: GRANTS TO OTHER CHARITABLE ORGANIZATIONS AND MDRT MATCH FOR MDRT FOUNDATION GRANT TO TEAM RUBICON IN SUPPORT OF ERRFOTS TO HELP THE BAHAMAS FOLLOWING HURRICANE DORIAN

$336,528
Lincoln Community Foundation Inc

Lincoln, NE

PURPOSE: GENERAL SUPPORT

$50,000
American Endowment Foundation

Hudson, OH

PURPOSE: PHILANTHROPY

$11,575
Shunpike Charitable Foundation

Rancho Cucamonga, CA

PURPOSE: General Support

$10,000
Amazonsmile Foundation

Seattle, WA

PURPOSE: GENERAL SUPPORT

$33
View Grant Recipient Profile

Endowment Analysis

Beg. Balance$26,655,454
Earnings$5,012,916
Admin Expense$592,042
Net Contributions$58,923
Ending Balance$31,135,251

Create an account to unlock the data you need.

or