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Matthew B Ridgway Mary A Ridgway And Matthew B Ridgway Jr Endowment is a private corporation based in PITTSBURGH, PA. The foundation received its IRS ruling in 1998. The principal officer is Pnc Bank. It holds total assets of $3.2M. Annual income is reported at $1.3M. Total assets have grown from $2.5M in 2011 to $3.2M in 2023. The foundation is governed by 2 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. The foundation primarily funds organizations in Pennsylvania, North Carolina and Virginia. According to available records, Matthew B Ridgway Mary A Ridgway And Matthew B Ridgway Jr Endowment has made 20 grants totaling $609K, with a median grant of $36K. The foundation has distributed between $142K and $159K annually from 2020 to 2023. Grantmaking activity was highest in 2022 with $159K distributed across 5 grants. Individual grants have ranged from $18K to $40K, with an average award of $30K. The foundation has supported 5 unique organizations. Grants have been distributed to organizations in Pennsylvania and Virginia and North Carolina. Contributions to this foundation are tax-deductible.
Smallest Grant
$18K
Median Grant
$36K
Average Grant
$28K
Largest Grant
$36K
Based on 5 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.
Matthew B Ridgway Mary A Ridgway And Matthew B Ridgway Jr Endowment primarily funds organizations in the area of philanthropy & grantmaking. Based on available records, the foundation has funded 20 grants. Its grantmaking reaches organizations primarily in PA, VA, NC.
Matthew B Ridgway Mary A Ridgway And Matthew B Ridgway Jr Endowment has distributed a total of $609K across 20 grants. The median grant size is $36K, with an average of $30K. Individual grants have ranged from $18K to $40K.
Matthew B Ridgway Mary A Ridgway And Matthew B Ridgway Jr Endowment typically selects its grantees rather than accepting unsolicited proposals.
Matthew B Ridgway Mary A Ridgway And Matthew B Ridgway Jr Endowment is headquartered in PITTSBURGH, PA. While based in PA, the foundation distributes grants to organizations across 3 states.
| Name | Title | Compensation | Benefits | Total |
|---|---|---|---|---|
| Robert G Lovett Esq | DIRECTOR/PRESIDENT | $4K | $0 | $4K |
| Mary E Mcfadden | DIRECTOR/VICE-PRESIDENT | $4K | $0 | $4K |
Total Giving
$198K
Total Assets
$3.2M
Fair Market Value
$3.8M
Net Worth
$3.2M
Grants Paid
$159K
Contributions
N/A
Net Investment Income
$221K
Distribution Amount
$171K
Total: $156K
Total Grants
20
Total Giving
$609K
Average Grant
$30K
Median Grant
$36K
Unique Recipients
5
Most Common Grant
$40K
of 2023 grantees were first-time recipients
| Recipient | Location | Amount | Year |
|---|---|---|---|
| Pitt-Matthew B Ridgeway CtrGENERAL SUPPORT | Pittsburgh, PA | $40K | 2023 |
| George C Marshall FoundationGENERAL SUPPORT | Lexington, VA | $40K | 2023 |
| Bucknell UniversityGENERAL SUPPORT | Lewisburg, PA | $40K | 2023 |
| Ridgway Endowment FundGENERAL SUPPORT | Carlisle, PA | $20K | 2023 |
| 82nd Airborne Div Hist SocGENERAL SUPPORT | Ft Bragg, NC | $20K | 2023 |
WEST CONSHOHOCKEN, PA
LIGONIER, PA
PITTSBURGH, PA