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Mcginness Irrevocable Trust is a private trust based in SAINT LOUIS, MO. The foundation received its IRS ruling in 2010. The principal officer is Wells Fargo Bank Na. It holds total assets of $779K. Annual income is reported at $343K. The foundation is governed by 1 officer or trustee. 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 2018 to 2023. The foundation primarily funds organizations in Wisconsin and Illinois. According to available records, Mcginness Irrevocable Trust has made 15 grants totaling $150K, with a median grant of $6K. Annual giving has grown from $35K in 2020 to $45K in 2023. Individual grants have ranged from $2K to $23K, with an average award of $10K. The foundation has supported 5 unique organizations. Grants have been distributed to organizations in Wisconsin and Illinois and Virginia. Contributions to this foundation are tax-deductible.
Smallest Grant
$6K
Median Grant
$6K
Average Grant
$12K
Largest Grant
$23K
Based on 3 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.
Mcginness Irrevocable Trust primarily funds organizations in the area of philanthropy & grantmaking. Based on available records, the foundation has funded 15 grants. Its grantmaking reaches organizations primarily in WI, IL, VA.
Mcginness Irrevocable Trust has distributed a total of $150K across 15 grants. The median grant size is $6K, with an average of $10K. Individual grants have ranged from $2K to $23K.
Mcginness Irrevocable Trust typically selects its grantees rather than accepting unsolicited proposals.
Mcginness Irrevocable Trust is headquartered in SAINT LOUIS, MO. While based in MO, the foundation distributes grants to organizations across 3 states.
| Name | Title | Compensation | Benefits | Total |
|---|---|---|---|---|
| Wells Fargo Bank N A | TRUSTEE | $13K | $0 | $13K |
Total Giving
$59K
Total Assets
$779K
Fair Market Value
$874K
Net Worth
$779K
Grants Paid
$45K
Contributions
N/A
Net Investment Income
$13K
Distribution Amount
$41K
Total: N/A
Total Grants
15
Total Giving
$150K
Average Grant
$10K
Median Grant
$6K
Unique Recipients
5
Most Common Grant
$6K
of 2023 grantees were first-time recipients
| Recipient | Location | Amount | Year |
|---|---|---|---|
| Sheboygan Area School DistrictGENERAL OPERATING | Sheboygan, WI | $23K | 2023 |
| Sheboygan Public Edu FundGENERAL OPERATING | Sheboygan, WI | $7K | 2023 |
| Sheboygan County Humane SocietyGENERAL OPERATING | Sheboygan, WI | $6K | 2023 |
| The Salvation ArmyGENERAL OPERATING | Hoffman Estates, IL | $6K | 2023 |
| Sheboyban County Humane SocietyGENERAL OPERATING | Sheboygan, WI | $2K | 2023 |