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Mclean Contributionship is a private trust based in WAYNE, PA. The foundation received its IRS ruling in 1959. The principal officer is Sandra Mclean. It holds total assets of $48.1M. Annual income is reported at $19.1M. Total assets have grown from $31.2M in 2011 to $46.3M in 2023. The foundation is governed by 9 officers and trustees. Originally established in 1951 as The Bulletin Contributionship for charitable, educational and scientific purposes. Renamed The McLean Contributionship in 1980. Tax records are available from 2016 to 2023. The foundation primarily funds organizations in Greater Philadelphia and Pennsylvania. According to available records, Mclean Contributionship has made 4 grants totaling $12.8M, with a median grant of $3.2M. The foundation has distributed between $2.9M and $3.5M annually from 2020 to 2023. Grantmaking activity was highest in 2021 with $3.5M distributed across 1 grants. Individual grants have ranged from $2.9M to $3.5M, with an average award of $3.2M. Grant recipients are concentrated in Pennsylvania. Contributions to this foundation are tax-deductible.
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.
Originally established in 1951 as The Bulletin Contributionship for charitable, educational and scientific purposes. Renamed The McLean Contributionship in 1980. Based on available records, the foundation has funded 4 grants. Its grantmaking reaches organizations primarily in PA.
Mclean Contributionship has distributed a total of $12.8M across 4 grants. The median grant size is $3.2M, with an average of $3.2M. Individual grants have ranged from $2.9M to $3.5M.
The application deadline is The Trustees meet several times a year, and the Contributionship accepts and processes applications. The Contributionship does not fund the costs or expenses of existing staff allocated to a project it is asked to support. The Trustees believe the resources of The Contributionship can be used most effectively by making a relatively limited number of grants for projects of long-term benefit-rather than by underwriting continuing operating expenses. The Trustees focus on capital projects: bricks and mortar, endowment for purposes outlined below. Capital is considered to be a physical item with at least a three to five year life span. The Trustees may make grants in ways to encourage the successful funding of projects. PURPOSES The Contributionship favors projects in the Greater Philadelphia area when they enhance the lives of those living there. The Trustees consider the Greater Philadelphia area to be Chester, Delaware, Montgomery, Philadelphia and Lower Bucks Counties. An application form is available on the foundation's website.
Mclean Contributionship is headquartered in WAYNE, PA. The foundation primarily funds organizations in Greater Philadelphia, Pennsylvania.
| Name | Title | Compensation | Benefits | Total |
|---|---|---|---|---|
| Sandra Mclean | Trustee/Exec Dir/Secr/V Chair | $130K | $0 | $130K |
| Wendy W Mclean | Trustee | $0 | $0 | N/A |
| Marrea D Walker Smith | Advisory Trustee | $0 | $0 | N/A |
| Martha Morris | Advisory Trustee | $0 | $0 | N/A |
| Stephen Holt | Advisory Trustee | $0 | $0 | N/A |
| Otis Bullock Jr | Trustee | $0 | $0 | N/A |
| John Bales | Trustee Chairman | $0 | $0 | N/A |
| Charles Catherwoood | Treasurer | $0 | $0 | N/A |
| Diana Mclean Liefer | Trustee | $0 | $0 | N/A |
Total Giving
$3.7M
Total Assets
$46.3M
Fair Market Value
$70.2M
Net Worth
$46.3M
Grants Paid
$3.2M
Contributions
$6K
Net Investment Income
$4.6M
Distribution Amount
$3.2M
Total: $46.1M
Total Grants
4
Total Giving
$12.8M
Average Grant
$3.2M
Median Grant
$3.2M
Unique Recipients
1
Most Common Grant
$3.5M
of 2023 grantees were first-time recipients
| Recipient | Location | Amount | Year |
|---|---|---|---|
| Detail Available At Foundation Office AttachedGeneral and Restricted Gifts to various Philadelphia area IRC 501 c 3 charitable organizations. PDF attachment contains list and amounts of all gifts and grants. | Wayne, PA | $3.2M | 2023 |