REDDING, CA
Mcconnell Foundation
Quick Facts
- EIN
- 946102700
- Location
- REDDING, CA
- Category
- Education
- Total Assets
- $434.9M
- Annual Income
- $104.2M
- IRS Ruling Year
- 1965
- Organization Type
- Corporation
- Tax Deductibility
- Contributions are deductible
About This Foundation
Mcconnell Foundation is a private corporation based in REDDING, CA. The foundation received its IRS ruling in 1965. It holds total assets of $434.9M. Annual income is reported at $104.2M. The foundation operates in the area of education. Contributions to this foundation are tax-deductible.
View 990 FilingsFinancial Overview
Total Giving
$27.4M
2023-11%
Total Assets
$420.5M
2023+2%
Fair Market Value
$555.9M
2023
Net Worth
$409.9M
2023
Grants Paid
$9.8M
2023
Contributions
$3.2M
2023
Net Investment Income
$12.8M
2023
Distribution Amount
$28.3M
2023
Total Giving by Year
$20.4M
11$19.5M
12$19.4M
13$20.6M
14$21M
15$29.4M
19$22.9M
20$32M
21$31M
22$27.4M
23Asset Growth
$349.3M
11$342.9M
12$341.1M
13$344.3M
14$350.6M
15$356.8M
19$380M
20$396.2M
21$410.7M
22$420.5M
23Investment Portfolio (2023)
Total: $296.3M
Corporate Stock: $296.3M
Other Investments: $1.6M
Cash: $2K
Corporate Stock (99%)
Other Investments (1%)
Cash (0%)
Expense Breakdown (2023)
Grants Paid$9.8M
Depreciation$2.7M
Pension & Benefits$1.5M
Officer Compensation$1.3M
Legal Fees$500K
Occupancy$349K
Travel & Conferences$101K
Accounting Fees$89K
Interest$77K
Printing & Publications$36K
Revenue Sources (2023)
- Capital Gains (Net)
- $12.6M
- Dividends
- $6.4M
- Other Income
- $4.2M
- Contributions
- $3.2M
- Gross Rents
- $2.9M
- Interest
- $19K
Financial Details (2023)
- Total Revenue
- $29.3M
- Total Expenses
- $27.4M
- Exempt Purpose Expenses
- $20.1M
- Required Distribution
- $28.3M
- Undistributed Income
- $2.4M
- Total Liabilities
- $10.7M
- Excise Tax
- $178K
Foundation Classification (2023)
Operating FoundationGrants to IndividualsNon-Charity GrantsLobbying ActivityExcess Business Holdings
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 |
| 2018-12 | 990PF | View Filing |
| 2017-12 | 990PF | View Filing |
Filings sourced from IRS e-file index. View all on ProPublica
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