The@macmillan Family Foundation Inc
- Assets
- $313.3m
- Revenue
- $55.3m
- Investments
- $305.4m
- Employees
- 0
- Location
- New York, NY
- Founding
- 01/2003
- Data as of
- 12/2020
- EIN
- 48-1286405
Organization Overview
The@macmillan Family Foundation Inc is located in New York, NY. The organization was established in 2003. According to its NTEE Classification (T21) the organization is classified as: Corporate 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. The@macmillan Family Foundation Inc 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 12/2020, The@macmillan Family Foundation Inc generated $55.3m in total revenue. This organization has experienced exceptional growth, as over the past 3 years, it has increased revenue by an average of 28.6% each year . All expenses for the organization totaled $15.0m during the year ending 12/2020. While expenses have increased by 15.6% per year over the past 3 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 2020, The@macmillan Family Foundation Inc has awarded 131 individual grants totaling $30,518,500. 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 |
|---|---|---|---|
Kevin Macmillan Co Geller Adv Secretary | 0.5 | $0 | |
Duncan Macmillan Co Geller Adv Chairman | 4 | $0 | |
Alissa Macmillan Co Geller Adv Director | 0.25 | $0 | |
Nancy Macmillan Co Geller Adv President And Treasurer | 8 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Merrill Lynch | 12/30/21 | $229,089 |
Goldman Sachs | 12/30/21 | $294,139 |
Arlene Schuler | 12/30/21 | $76,500 |
Geller Advisors Llc | 12/30/21 | $525,438 |
Jpmorgan Chase | 12/30/21 | $292,838 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $46,921,328 |
| Interest on Savings | $464,396 |
| Dividends & Interest | $5,713,123 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $2,172,692 |
| Capital Gain Net Income | $4,630,787 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $65,301 |
| Total Revenue | $55,336,840 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $335,320 |
| Taxes | $378,383 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $1,590,794 |
| Total operating and administrative expenses | $3,584,380 |
| Contributions, gifts, grants paid | $11,411,500 |
| Total expenses and disbursements | $14,995,880 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $7,692,936 |
| 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 | $84,937,162 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $246,839 |
| Total assets | $313,323,783 |
| 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, The@macmillan Family Foundation Inc has awarded $19,107,000 in support to 68 organizations.
| Grant Recipient | Amount |
|---|---|
New Brunswick, NJ PURPOSE: CANCER IMMUNOLOGY AND METABOLISM CENTER OF EXCELLENCE AT RUTGERS CANCER INSTITUTE OF NEW JERSEY | $6,850,000 |
Princeton, NJ PURPOSE: GENERAL PURPOSE | $2,550,000 |
Philadelphia, PA PURPOSE: GENERAL PURPOSE | $1,725,000 |
New York, NY PURPOSE: GENERAL PURPOSE | $1,000,000 |
New York, NY PURPOSE: GENERAL PURPOSE | $1,000,000 |
New York, NY PURPOSE: GENERAL PURPOSE | $1,000,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Goldman Sachs Foundation New York, NY | $0 | $131,861,636 |
Commonwealth Fund New York, NY | $0 | $69,444,117 |
The Comcast Nbcuniversal Foundation Philadelphia, PA | $16,720,236 | $25,679,760 |
Clark Foundation New York, NY | $443,485,871 | $14,281,811 |
John A Hartford Foundation New York, NY | $722,012,839 | $47,164,108 |
Blackstone Charitable Foundation New York, NY | $141,651,293 | $22,568,243 |
Oneworld Boston Inc Woburn, MA | $219,473,176 | $23,349,707 |
Deloitte Foundation Stamford, CT | $61,773,232 | $17,876,963 |
Interlaken Foundation Inc NEW YORk, NY | $351,082,390 | $62,213,890 |
Verizon Foundation Basking Ridge, NJ | $26,429,657 | $21,584,016 |
Nsn Foundation Inc Roseland, NJ | $55,407,565 | $72,760,212 |
Arconic Charitable Foundation Pittsburgh, PA | $0 | $10,360,918 |