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Mcgee Foundation is a private trust based in DETROIT, MI. The foundation received its IRS ruling in 2014. The principal officer is Comerica Bank Ttee. It holds total assets of $1.1M. Annual income is reported at $133K. The foundation is governed by 1 officer or trustee. According to its most recent filing, the foundation only makes contributions to preselected charitable organizations. Tax records are available from 2020 to 2024. Funding is distributed across 4 states, including Georgia, Illinois, Texas. According to available records, Mcgee Foundation has made 24 grants totaling $360K, with a median grant of $15K. The foundation has distributed between $60K and $120K annually from 2020 to 2024. Grantmaking activity was highest in 2023 with $120K distributed across 8 grants. The foundation has supported 4 unique organizations. The foundation primarily supports organizations in District of Columbia, Illinois, Texas, which account for 71% of all grants. Grantmaking reaches organizations across 6 states. Contributions to this foundation are tax-deductible.
Smallest Grant
$15K
Median Grant
$15K
Average Grant
$15K
Largest Grant
$15K
Based on 4 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.
Mcgee Foundation is a private foundation that provides grants to eligible organizations. Based on available records, the foundation has funded 24 grants. Its grantmaking reaches organizations primarily in DC, IL, TX.
Mcgee Foundation has distributed a total of $360K across 24 grants. The median grant size is $15K, with an average of $15K. Individual grants have ranged from $15K to $15K.
Mcgee Foundation typically selects its grantees rather than accepting unsolicited proposals.
Mcgee Foundation is headquartered in DETROIT, MI. While based in MI, the foundation distributes grants to organizations across 6 states.
| Name | Title | Compensation | Benefits | Total |
|---|---|---|---|---|
| Comerica Bank | TRUSTEE | $22K | $0 | $22K |
Total Giving
$82K
Total Assets
$1.2M
Fair Market Value
$1.4M
Net Worth
$1.2M
Grants Paid
$60K
Contributions
N/A
Net Investment Income
$40K
Distribution Amount
$63K
Total: $1.1M
Total Grants
24
Total Giving
$360K
Average Grant
$15K
Median Grant
$15K
Unique Recipients
4
Most Common Grant
$15K
of 2024 grantees were first-time recipients
| Recipient | Location | Amount | Year |
|---|---|---|---|
| American Cancer Society IncSUPPORT OF DAILY ACTIVITIES | Hagerstown, MD | $15K | 2024 |
| Alzheimer Disease And RelatedSUPPORT OF DAILY ACTIVITIES | Chicago, IL | $15K | 2024 |
| American Heart Association IncSUPPORT OF DAILY ACTIVITIES | St Petersburg, FL | $15K | 2024 |
| American National Red CrossSUPPORT OF DAILY ACTIVITIES | Washington, DC | $15K | 2024 |