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Mcglothlin Foundation is a private corporation based in BRISTOL, VA. The foundation received its IRS ruling in 1998. The principal officer is % Thomas D Mcglothlin. It holds total assets of $17.1M. Annual income is reported at $8.5M. The foundation operates in the area of philanthropy & grantmaking. According to available records, Mcglothlin Foundation has made 53 grants totaling $2.7M, with a median grant of $30K. Annual giving has grown from $900K in 2021 to $1.8M in 2022. Individual grants have ranged from $3K to $190K, with an average award of $51K. The foundation has supported 26 unique organizations. Grants have been distributed to organizations in Virginia and Tennessee and Kentucky. Contributions to this foundation are tax-deductible.
Mcglothlin Foundation primarily funds organizations in the area of philanthropy & grantmaking. Based on available records, the foundation has funded 53 grants. Its grantmaking reaches organizations primarily in VA, TN, KY.
Mcglothlin Foundation has distributed a total of $2.7M across 53 grants. The median grant size is $30K, with an average of $51K. Individual grants have ranged from $3K to $190K.
Worthy causes in higher education, health care and the arts in the Southeastern United States, with special consideration given to projects located in Southwest Virginia, Eastern Kentucky and Northeast Tennessee.
Mcglothlin Foundation is headquartered in BRISTOL, VA. While based in VA, the foundation distributes grants to organizations across 3 states.
| Name | Title | Compensation | Benefits | Total |
|---|---|---|---|---|
| Thomas D Mcglothlin | President | $87K | $33K | $120K |
| James W Mcglothlin 3 | Treasurer | $0 | $0 | $0 |
| Michael G Mcglothlin | Secretary | $0 | $0 | $0 |
Total Giving
$1.1M
Total Assets
$16.3M
Fair Market Value
$19.1M
Net Worth
$16.3M
Grants Paid
$799K
Contributions
$0
Net Investment Income
$581K
Distribution Amount
$897K
Total: $0
Total Grants
53
Total Giving
$2.7M
Average Grant
$51K
Median Grant
$30K
Unique Recipients
26
Most Common Grant
$10K
of 2022 grantees were first-time recipients
| Recipient | Location | Amount | Year |
|---|---|---|---|
| Appalachian College Of PharmacyGeneral purpose of organization | Oakwood, VA | $180K | 2022 |
| Mountain Mission SchoolEndowment Fund | Grundy, VA | $150K | 2022 |
| William King Art CenterMcGlothlin Series Exhibitions | Abingdon, VA | $100K | 2022 |
| Boys And Girls Club Of Central AppaSupport academic assistance with STEAM | Grundy, VA | $100K | 2022 |
| Emory Henry CollegeUpdating projector system in Theatre | Emory, VA | $80K |
| 2018 | 990PF | View |
| 2017 | 990PF | View |
| 2016 | 990PF | View |
| 2022 |
| Radford UniversityMcGlothlin International Teaching Fellows Program | Radford, VA | $50K | 2022 |
| Sunset Holler IncNew amphitheater | Richmond, VA | $50K | 2022 |
| Bluefield CollegeAssistance in modernizing resource center | Bluefield, VA | $35K | 2022 |
| Symphony Of The MountainsGeneral purpose of organization | Kingsport, TN | $33K | 2022 |
| Alice Lloyd CollegeAssist in construction of small Chapel | Pippa Passes, KY | $30K | 2022 |
| Birthplace Of Country MusicGeneral purpose of organization | Bristol, VA | $20K | 2022 |
| Paramount Center For The ArtsGeneral purpose of organization | Bristol, TN | $20K | 2022 |
| Boys And Girls Club Of BristolGeneral purpose of organization | Bristol, VA | $15K | 2022 |
| Presbyterian Community CenterAssist in construction of new headquarters bldg | Roanoke, VA | $10K | 2022 |
| Historic Pocahontas IncInstallation of new roof and gutters | Pocahontas, VA | $10K | 2022 |
| Buchanan Co Historical SocietyGeneral purpose of organization | Vansant, VA | $10K | 2022 |
| Healing Hands Health Center IncGeneral purpose of organization | Bristol, TN | $3K | 2022 |
| Crossroads Medical MissionGeneral purpose of organization | Bristol, VA | $3K | 2022 |
| Lincoln Theatre IncGeneral purpose of organization | Marion, VA | $3K | 2022 |
| University Of AppalachiaEnvironmental cleanup and demolition of properties | Oakwood, VA | $190K | 2021 |
| Boys Girls Club - Cent AppalachiaSupport academic assistance with STEAM program | Grundy, VA | $100K | 2021 |
| The Paramount Foundation IncUpdate stage area electrical and office area | Bristol, TN | $35K | 2021 |
| Vcu School Of MedicineGeneral purpose of organization | Richmond, VA | $25K | 2021 |
| Girls IncNew gymnasium and community center | Bristol, VA | $15K | 2021 |
| Appalachian Literacy InitiativeExpand outreach to elementary students | Bristol, TN | $10K | 2021 |
| Bristol Humane SocietyGeneral purpose of organization | Bristol, VA | $5K | 2021 |
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