MORGANTOWN, WV
Hazel Ruby Mcquain Charitable Trust
Quick Facts
- EIN
- 346899181
- Location
- MORGANTOWN, WV
- Category
- General
- Total Assets
- $104M
- Annual Income
- $15.5M
- IRS Ruling Year
- 1989
- Organization Type
- Trust
- Principal Officer
- % Cynthia Straface
- Tax Deductibility
- Contributions are deductible
About This Foundation
Hazel Ruby Mcquain Charitable Trust is a private trust based in MORGANTOWN, WV. The foundation received its IRS ruling in 1989. The principal officer is % Cynthia Straface. It holds total assets of $104M. Annual income is reported at $15.5M. Contributions to this foundation are tax-deductible.
View 990 FilingsFinancial Overview
Total Giving
$9.7M
2023-2%
Total Assets
$106.4M
2023-2%
Fair Market Value
$209.7M
2023
Net Worth
$106.4M
2023
Grants Paid
$8.3M
2023
Contributions
$0
2023
Net Investment Income
$7.2M
2023
Distribution Amount
$10M
2023
Total Giving by Year
$7.5M
11$8.2M
12$7.4M
13$9M
14$8.8M
15$8.6M
19$7.7M
20$8.8M
21$9.9M
22$9.7M
23Asset Growth
$128.5M
11$126.5M
12$123.5M
13$120.7M
14$119.3M
15$104.4M
19$103.4M
20$103.3M
21$108.7M
22$106.4M
23Investment Portfolio (2023)
Total: $74.8M
Corporate Stock: $74.8M
Other Investments: $436K
Cash: $31.1M
Corporate Stock (70%)
Other Investments (0%)
Cash (29%)
Expense Breakdown (2023)
Grants Paid$8.3M
Accounting Fees$39K
Revenue Sources (2023)
- Dividends
- $4.5M
- Capital Gains (Net)
- $2.7M
- Interest
- $44K
- Other Income
- $-8,555
Financial Details (2023)
- Total Revenue
- $7.2M
- Total Expenses
- $9.7M
- Exempt Purpose Expenses
- $9.6M
- Required Distribution
- $10M
- Undistributed Income
- $0
- Total Liabilities
- $1
- Excise Tax
- $100K
Foundation Classification (2023)
Operating FoundationGrants to IndividualsNon-Charity GrantsLobbying ActivityExcess Business Holdings
Grantmaking Insights
Total Grants
50
Total Giving
$14.6M
Average Grant
$292K
Median Grant
$28K
Total Giving by Year
$6.3M (13 grants)
20$8.3M (37 grants)
23Grant Range
Min$100
Max$5M
Median: $28K
Smallest grantLargest grant
Openness to New Grantees (2023)
86%
of 2023 grantees were first-time recipients
Geographic Distribution of Grants
AK
ME
VT
NH
WA
ID
MT
ND
MN
WI
MI
NY
MA
CT
RI
OR
NV
WY
SD
IA
IL
IL: $10K (1)
IN
OH
PA
NJ
CA
UT
CO
NE
MO
KY
WV
WV: $14.6M (49)
VA
MD
DE
DC
AZ
NM
KS
AR
TN
NC
SC
OK
LA
MS
AL
GA
FL
HI
TX
WV$14.6M (49)
IL$10K (1)
Past Grantees
| Recipient | Location | Amount | Year |
|---|---|---|---|
| West Virginia University FoundationDONATION TO CANCER GALA - $20,100 OLYMPIC SPORTS COMPLEX MASTERPLAN - $5,000,000 | Morgantown, WV | $5M | 2023 |
| Wv Game ChangersCONTRIBUTION TO THE GENERAL FUND | Parkersburg, WV | $1.2M | 2023 |
| City Of MorgantownCAPITAL IMPROVMENTS AND PROGRAMMING FOR THE HAZEL RUBY MCQUAIN AMPHITHEATER - $350,000 ARTS & CULTURAL FUND - $400,000 | Morgantown, WV | $750K | 2023 |
| United Way Of Monongalia & Preston CountyDONATION FOR THE FOOD PROGRAM | Morgantown, WV | $615K | 2023 |
| Milan Puskar Health RightCONTRIBUTION TO THE GENERAL FUND | Morgantown, WV | $200K | 2023 |
| Lauren'S WishCONTRIBUTION TO THE GENERAL FUND | Morgantown, WV | $50K | 2023 |
| Wesley United Methodist ChurchCONTRIBUTION TO THE GENERAL FUND | Morgantown, WV | $47K | 2023 |
| Morgantown Area Meals On WheelsDONATION TO THE GENERAL FUND | Morgantown, WV | $45K | 2023 |
| Scotts Run Settlement HouseDONATION TO THE GENERAL FUND | Morgantown, WV | $40K | 2023 |
| Mon Rivers Trail ConservancyCONTRIBUTION TO THE GENERAL FUND | Morgantown, WV | $40K | 2023 |
| Casa For KidsCONTRIBUTION TO THE GENERAL FUND | Morgantown, WV | $35K | 2023 |
| Visiting HomemakersCONTRIBUTION TO THE GENERAL FUND | Morgantown, WV | $30K | 2023 |
| Christian HelpDONATION TO THE GENERAL FUND | Morgantown, WV | $25K | 2023 |
| Arnettsville Community CenterCONTRIBUTION TO THE GENERAL FUND | Morgantown, WV | $25K | 2023 |
| Mountain Line Transit AuthorityCONTRIBUTION TO THE GENERAL FUND | Morgantown, WV | $21K | 2023 |
| Shack Neighborhood HouseDONATION TO THE GENERAL FUND | Pursglove, WV | $20K | 2023 |
| On Eagles' WingsCONTRIBUTION TO THE GENERAL FUND | Fairmont, WV | $16K | 2023 |
| Junior AchievementCONTRIBUTION TO THE GENERAL FUND | Charleston, WV | $15K | 2023 |
| Literacy VolunteersDONATION TO THE GENERAL FUND | Morgantown, WV | $15K | 2023 |
| Community Kitchen IncDONATION TO THE GENERAL FUND | Morgantown, WV | $15K | 2023 |
| Alzheimer'S AssociationCONTRIBUTION TO THE GENERAL FUND | Chicago, IL | $10K | 2023 |
| West Liberty University FoundationCONTRIBUTION TO THE GENERAL FUND | Wheeling, WV | $10K | 2023 |
| Make A Wish FoundationDONATION TO THE GENERAL FUND | Morgantown, WV | $10K | 2023 |
| Pantry Plus MoreDONATION TO THE GENERAL FUND | Morgantown, WV | $10K | 2023 |
| West Virginia University FcaDONATION TO THE GENERAL FUND | Dellslow, WV | $10K | 2023 |
| American Red CrossCONTRIBUTION TO THE GENERAL FUND | Morgantown, WV | $7K | 2023 |
| Pricketts Fort Memorial FoundationCONTRIBUTION TO THE GENERAL FUND | Fairmont, WV | $5K | 2023 |
| River City FestivalCONTRIBUTION TO THE GENERAL FUND | Rowlesburg, WV | $1K | 2023 |
| Salvation ArmyDONATION TO THE CHRISTMAS FUND | Morgantown, WV | $500 | 2023 |
| Ronald Mcdonald HouseDONATION TO THE GENERAL FUND | Morgantown, WV | $500 | 2023 |
| Rape And Domestic Violence Info CenterDONATION TO THE GENERAL FUND | Morgantown, WV | $400 | 2023 |
| American Cancer Society Of Monongalia CountyDONATION TO THE GENERAL FUND | Morgantown, WV | $300 | 2023 |
| Morgantown HospiceDONATION TO THE GENERAL FUND | Morgantown, WV | $200 | 2023 |
| Morgantown High SchoolDONATION FOR THE GOLF TOURNAMENT | Morgantown, WV | $150 | 2023 |
| Morgantown High School Band AuxiliaryDONATION TO THE GENERAL FUND | Morgantown, WV | $100 | 2023 |
| Monongalia County Humane SocietyDONATION TO THE GENERAL FUND | Morgantown, WV | $100 | 2023 |
| West Virginia Special OlympicsDONATION TO THE GENERAL FUND | Charleston, WV | $100 | 2023 |
| West Virginia University FoundationWVU OLYMPIC SPORTS COMPLEX MASTERPLAN | Morgantown, WV | $1.5M | 2020 |
| West Virginia University FoundationDONATION FOR PPE (HOSPITAL PROJECTS AND PROGRAMS) | Morgantown, WV | $1.3M | 2020 |
| West Virginia Botanical GardenDONATION TO THE GENERAL FUND | Morgantown, WV | $1M | 2020 |
| United Way Of Monongalia & Preston CountyDONATION FOR THE FOOD PROGRAM | Morgantown, WV | $700K | 2020 |
| West Virginia University FoundationDONATION TO WVU CHILDRENS HOSPITAL BUILDING | Morgantown, WV | $500K | 2020 |
| Mylan Park FoundationDONATION TO THE GENERAL FUND | Morgantown, WV | $500K | 2020 |
| Mon Health Medical Center FoundationDONATION FOR SIMULATION LAB | Morgantown, WV | $294K | 2020 |
| Monongalia Advocacy CenterDONATION FOR CONSTRUCTION OF FACILITIES | Morgantown, WV | $175K | 2020 |
| United Way Of Monongalia & Preston CountyDONATION FOR CONVERSION OF HOUSING INITIATIVES | Morgantown, WV | $120K | 2020 |
| Preston County Parks And RecreationDONATION TO THE GENERAL FUND | Kingwood, WV | $64K | 2020 |
| Morgantown Area Meals On WheelsDONATION TO THE GENERAL FUND | Morgantown, WV | $45K | 2020 |
| Scotts Run Settlement HouseDONATION TO THE GENERAL FUND | Morgantown, WV | $40K | 2020 |
| Salvation ArmyDONATION TO THE GENERAL FUND | Morgantown, WV | $35K | 2020 |
990-PF Filings
| Tax Period | Return Type | View |
|---|---|---|
| 2023-12 | 990PF | View Filing |
| 2022-12 | 990PF | View Filing |
| 2021-12 | 990PF | View Filing |
| 2020-12 | 990PF | View Filing |
Filings sourced from IRS e-file index. View all on ProPublica