Laurie C Mcgrath Foundation
- Assets
- $66.1m
- Revenue
- $62.4m
- Investments
- $63.4m
- Employees
- 0
- Location
- San Diego, CA
- Founding
- Data as of
- 12/2021
- EIN
- 84-3696962
Organization Overview
Laurie C Mcgrath Foundation is located in San Diego, CA. According to its NTEE Classification (A12) the organization is classified as: Fund Raising & Fund Distribution, under the broad grouping of Arts, Culture & Humanities and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Laurie C Mcgrath 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 12/2021, Laurie C Mcgrath Foundation generated $62.4m in total revenue.
Since 2020, Laurie C Mcgrath Foundation has awarded 16 individual grants totaling $2,576,971. 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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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Laurie C Mcgrath President, Director, Secretary | 0.5 | $0 | |
Edward A Mendis Chief Financial Officer | 0.5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $843,437 |
| Interest on Savings | $89,893 |
| Dividends & Interest | $744,062 |
| Net Rental Income | $70,697 |
| Net Gain on Sale of Assets | $60,676,004 |
| Capital Gain Net Income | $60,676,004 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $62,426,346 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $7,415 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $132 |
| Total operating and administrative expenses | $213,635 |
| Contributions, gifts, grants paid | $2,373,808 |
| Total expenses and disbursements | $2,587,443 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $236,656 |
| Savings and temporary cash investments | $2,394,228 |
| 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 | $11,052,483 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $66,075,096 |
| 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, Laurie C Mcgrath Foundation has awarded $2,373,808 in support to 12 organizations.
| Grant Recipient | Amount |
|---|---|
CENTER FOR HUMANE ECONOMY PURPOSE: ASSISTANCE OF ENDING ANIMAL TESTING BY DONATION OF 2,999 SHARES OF MICROSOFT CORP ON 12/27/21 (BOOK VALUE OF $758,025 - ORIGINAL COST METHOD, FMV OF $1,013,475 - HI/LOW METHOD) | $1,013,475 |
GOOD FOOD INSTITUTE PURPOSE: ALTERNATIVE MEAT - ASSISTANCE BY DONATION OF 3,910 SHARES OF APPLE, INC. ON 12/28/21 (BOOK VALUE OF $505,801- ORIGINAL COST METHOD, FMV OF $703,526 - HI/LOW METHOD) | $703,526 |
CENTER FOR GREAT APES PURPOSE: ASSISTANCE OF RENOVATION OF 1998 FACILITY BY DONATION OF 1,865 SHARES OF BLACKSTONE GROUP ON 11/23/21 (BOOK VALUE OF $135,525 - ORIGINAL COST METHOD, FMV OF $260,335 - HI/LOW METHOD) | $260,335 |
THE HUMANE SOCIETY OF THE US PURPOSE: END ANIMAL TESTING | $150,000 |
PETA PURPOSE: ANTI-VIVISECTION | $100,000 |
Washington, DC PURPOSE: OCEAN CONSERVATION | $50,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Norton Simon Art Foundation Pasadena, CA | $402,690,558 | $10,441,452 |
Reut Usa Woodland Hills, CA | $1,442,535 | $3,682,077 |
Laurie C Mcgrath Foundation San Diego, CA | $66,075,096 | $62,426,346 |
Armenian Educational Foundation Inc Glendale, CA | $5,680,253 | $2,130,869 |
William And Joanne Miller Charitable Trust Simi Valley, CA | $69,537,632 | $4,537,991 |
Latino Public Broadcasting Los Angeles, CA | $1,965,169 | $2,106,064 |
Hack The Hood Inc Oakland, CA | $1,558,755 | $1,730,354 |
Womans Club Of Hollywood Los Angeles, CA | $248,203 | $0 |
Diablo Regional Arts Association Walnut Creek, CA | $3,333,800 | $1,541,851 |
Jack Van Sickle Foundation Reno, NV | $9,650,730 | $1,661,273 |
Foundation Of Palm Springs Unified School District Palm Springs, CA | $3,246,098 | $1,243,965 |
Trichell Family Foundation Bakersfield, CA | $14,378,452 | $28,165 |