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David And Arleen Mcglade Foundation Inc. is a private corporation based in PENNINGTON, NJ. The foundation received its IRS ruling in 2008. The principal officer is Merrill Lynch Family Office. It holds total assets of $2.6M. Annual income is reported at $705K. Total assets have grown from $818K in 2011 to $2.6M in 2023. The foundation is governed by 4 officers and trustees. The foundation operates in the area of philanthropy & grantmaking. According to its most recent filing, the foundation only makes contributions to preselected charitable organizations. Tax records are available from 2016 to 2023. Funding is distributed across 4 states, including Florida, Massachusetts, Colorado. According to available records, David And Arleen Mcglade Foundation Inc. has made 36 grants totaling $314K, with a median grant of $5K. Annual giving has decreased from $212K in 2022 to $102K in 2023. Individual grants have ranged from $500 to $50K, with an average award of $9K. The foundation has supported 17 unique organizations. The foundation primarily supports organizations in Massachusetts, Hawaii, California, which account for 56% of all grants. Grantmaking reaches organizations across 7 states. Contributions to this foundation are tax-deductible.
Smallest Grant
$500
Median Grant
$3K
Average Grant
$5K
Largest Grant
$15K
Based on 13 grants from the most recent 990-PF filing.
No program descriptions are available for this foundation. Many private foundations report program activities in their annual 990-PF filings — check the Tax Filings section below for the most recent filing.
David And Arleen Mcglade Foundation Inc. primarily funds organizations in the area of philanthropy & grantmaking. Based on available records, the foundation has funded 36 grants. Its grantmaking reaches organizations primarily in MA, HI, CA.
David And Arleen Mcglade Foundation Inc. has distributed a total of $314K across 36 grants. The median grant size is $5K, with an average of $9K. Individual grants have ranged from $500 to $50K.
David And Arleen Mcglade Foundation Inc. typically selects its grantees rather than accepting unsolicited proposals.
David And Arleen Mcglade Foundation Inc. is headquartered in PENNINGTON, NJ. While based in NJ, the foundation distributes grants to organizations across 7 states.
| Name | Title | Compensation | Benefits | Total |
|---|---|---|---|---|
| Grace E Howard | DIRECTOR, TREASURER | $0 | $0 | N/A |
| Arleen C Mcglade | DIRECTOR, VICE PRESI | $0 | $0 | N/A |
| David P Mcglade | DIRECTOR, PRESIDENT | $0 | $0 | N/A |
| Jasmine A Mcglade | DIRECTOR, SECRETARY | $0 | $0 | N/A |
Total Giving
$119K
Total Assets
$2.6M
Fair Market Value
$2.7M
Net Worth
$2.6M
Grants Paid
$102K
Contributions
$528K
Net Investment Income
$264K
Distribution Amount
$99K
Total Grants
36
Total Giving
$314K
Average Grant
$9K
Median Grant
$5K
Unique Recipients
17
Most Common Grant
$10K
of 2023 grantees were first-time recipients
| Recipient | Location | Amount | Year |
|---|---|---|---|
| Stillpoint Marthas Vineyard IncGENERAL SUPPORT | Chilmark, MA | $50K | 2023 |
| Circuit Arts IncGENERAL SUPPORT | Chilmark, MA | $15K | 2023 |
| Matthew Shepard FoundationGENERAL SUPPORT | Casper, WY | $10K | 2023 |
| Florida OceanographyGENERAL SUPPORT | Stuart, FL | $6K | 2023 |
| Ocean Futures Society IncEDUCATION | Santa Barbara, CA | $5K | 2023 |
| Center For Independent Documentary IncEDUCATION | Boston, MA | $5K | 2023 |
| Charitable Ventures Of Orange County IncSUPPORT SERVICES | Santa Ana, CA | $5K | 2023 |
| Woods Hole Oceanographic InstitutionGENERAL SUPPORT | Woods Hole, MA | $5K | 2023 |
| Misty Meadows Equine Learning CenterGENERAL SUPPORT | Vineyard Hvn, MA | $1K | 2023 |
| Freedom Writers FoundationGENERAL SUPPORT | Long Beach, CA | $500 | 2023 |
| Whale TrustGENERAL SUPPORT | Makawao, HI | $25K | 2022 |
| Digdeep Right To Water ProjectGENERAL SUPPORT | Los Angeles, CA | $10K | 2022 |
| Sailfish Point Foundation IncGENERAL SUPPORT | Stuart, FL | $4K | 2022 |
| Warren VillageGENERAL SUPPORT | Denver, CO | $4K | 2022 |
| Cancer Research InstituteGENERAL SUPPORT | New York, NY | $3K | 2022 |
| Colorado AcademyGENERAL SUPPORT | Denver, CO | $3K | 2022 |
| Strive Preparatory SchoolsGENERAL SUPPORT | Denver, CO | $750 | 2022 |