Mcgregor Fund
- Assets
- $149.1m
- Revenue
- $11.7m
- Investments
- $147.6m
- Employees
- 0
- Location
- Detroit, MI
- Founding
- 11/1933
- Data as of
- 06/2021
- EIN
- 38-0808800
Organization Overview
Mcgregor Fund is located in Detroit, MI. The organization was established in 1933. 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. Mcgregor Fund 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 06/2021, Mcgregor Fund generated $11.7m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 3 years, the organization has seen revenues fall by an average of (7.4%) each year. All expenses for the organization totaled $12.1m during the year ending 06/2021. You can explore the organizations financials more deeply in the financial statements section below.
Since 2021, Mcgregor Fund has awarded 209 individual grants totaling $10,270,123. 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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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Name Not Listed Trustee | 1 | $0 | |
Heidi A Alcock Director | 40 | $138,483 | |
Vanessa L Samuelson Director | 40 | $119,483 | |
Tequion M Brookins Director | 40 | $114,489 | |
Ashly B Jurek Director | 40 | $108,989 | |
Marcia P Gardner Office Manager | 40 | $66,394 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
National Innovation Service | 6/29/21 | $92,800 |
Gqg Partners Global Equity Fund | 6/29/21 | $67,408 |
Comerica Bank | 6/29/21 | $80,303 |
Cambridge Associates | 6/29/21 | $276,799 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $350 |
| Dividends & Interest | $2,587,992 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $9,583,066 |
| Capital Gain Net Income | $9,569,801 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | -$468,815 |
| Total Revenue | $11,724,944 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $276,964 |
| Other employee salaries and wages | $547,837 |
| Pension plans, employee benefits | $270,125 |
| Interest | $0 |
| Taxes | $751,041 |
| Depreciation | $0 |
| Occupancy | $97,483 |
| Travel, conferences, and meetings | $21,932 |
| Printing and publications | $0 |
| Other expenses | $84,344 |
| Total operating and administrative expenses | $2,721,847 |
| Contributions, gifts, grants paid | $9,385,122 |
| Total expenses and disbursements | $12,106,969 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $211,625 |
| Savings and temporary cash investments | $3,338,401 |
| 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 | $242,576 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $72,997,055 |
| Net Land, buildings, and equipment | $0 |
| Other assets | -$2,291,191 |
| Total assets | $149,099,518 |
| Accounts payable and accrued expenses | $67,431 |
| 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 | $1,431,504 |
| Total liabilities | $1,498,935 |
Grants Awarded
Over the last fiscal year, Mcgregor Fund has awarded $10,270,123 in support to 209 organizations.
| Grant Recipient | Amount |
|---|---|
Detroit, MI PURPOSE: GENERAL OPERATIONS | $300,000 |
Detroit, MI PURPOSE: PROJECT NOAH & CAPITAL SUPPORT | $300,000 |
Detroit, MI PURPOSE: DIA SETTLEMENT | $300,000 |
COALITION ON TEMPORARY SHELTER PURPOSE: ANNUAL SUPPORT | $300,000 |
Oak Park, MI PURPOSE: ANNUAL SUPPORT | $300,000 |
Detroit, MI PURPOSE: DIA SETTLEMENT | $250,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
The Meijer Foundation Grand Rapids, MI | $118,103,895 | $43,970,388 |
Nationwide Foundation Columbus, OH | $86,187,581 | $42,470,606 |
Ford Motor Co Fund Dearborn, MI | $173,752,828 | $51,364,996 |
Farmer Family Foundation Cincinnati, OH | $165,004,074 | $63,392,827 |
American Electric Power Foundation Columbus, OH | $61,577,266 | $10,199,855 |
Anthem Foundation Inc Indianapolis, IN | $153,394,091 | $25,472,782 |
U S Bancorp Foundation Milwaukee, WI | $68,350,907 | $6,892,078 |
Dean & Barbara White Family Foundation Inc Merrillville, IN | $792,865,434 | $81,802,743 |
Wilson Sheehan Foundation Springfield, OH | $57,339,515 | $15,119,930 |
Bader Philanthropies Inc Milwaukee, WI | $26,809,232 | $30,829,351 |
The Cummins Foundation Inc Columbus, IN | $50,145,455 | $23,676,992 |
The Samuel And Jean Frankel Jewish Heritage Foundation Troy, MI | $178,134,480 | $24,091,324 |