LIGONIER, PA

Richard King Mellon Foundation Dtd 01-01-47

Quick Facts

EIN: 251127705
Location: LIGONIER, PA
Category: Philanthropy & Grantmaking
Total Assets: $2.7B
Annual Income: $623.2M
IRS Ruling Year: 1949
Organization Type: Trust
Tax Deductibility: Contributions are deductible

About This Foundation

Richard King Mellon Foundation Dtd 01-01-47 is a private trust based in LIGONIER, PA. The foundation received its IRS ruling in 1949. It holds total assets of $2.7B. Annual income is reported at $623.2M. The foundation operates in the area of philanthropy & grantmaking. Contributions to this foundation are tax-deductible.

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Financial Overview

Total Giving

$134.3M

2023-6%

Total Assets

$2.6B

2023-1%

Fair Market Value

$3.3B

2023

Net Worth

$2.2B

2023

Grants Paid

$112.2M

2023

Contributions

2023

Net Investment Income

$92.5M

2023

Distribution Amount

$169.8M

2023

Total Giving by Year

$103M

$102.7M

$116M

$127.6M

$125.5M

$139.5M

$137.5M

$172.1M

$143.1M

$134.3M

Asset Growth

$1.7B

$1.8B

$2B

$2.3B

$2.4B

$2.6B

Investment Portfolio (2023)

Total: $1.2B

Corporate Stock: $960.1M

Corporate Bonds: $256M

Government Obligations: $11.1M

Other Investments: $1B

Cash: $6.5M

Corporate Stock (42%)

Corporate Bonds (11%)

Government Obligations (0%)

Other Investments (46%)

Cash (0%)

Expense Breakdown (2023)

Grants Paid$112.2M

Officer Compensation$2.6M

Pension & Benefits$1.5M

Occupancy$1.3M

Accounting Fees$589K

Legal Fees$384K

Travel & Conferences$260K

Printing & Publications$171K

Revenue Sources (2023)

Dividends: $51.8M
Capital Gains (Net): $45.7M
Other Income: $24.8M
Interest: $6M

Financial Details (2023)

Total Revenue: $128.3M
Total Expenses: $134.3M
Exempt Purpose Expenses: $144.9M
Required Distribution: $169.8M
Undistributed Income: $44.7M
Grants Approved (Future): $300K
Total Liabilities: $415.4M
Excise Tax: $1.3M

Foundation Classification (2023)

Operating FoundationGrants to IndividualsNon-Charity GrantsLobbying ActivityExcess Business Holdings

Grantmaking Insights

Total Grants

Total Giving

$91.5M

Average Grant

$1.8M

Median Grant

$775K

Grant Range

Min$500K

Max$16.5M

Median: $775K

Smallest grantLargest grant

Geographic Distribution of Grants

ID: $1M (1)

MT: $1.5M (1)

MA: $2.5M (3)

PA: $83M (42)

VA: $1.5M (1)

DC: $1.5M (1)

HI: $500K (1)

PA$83M (42)

MA$2.5M (3)

DC$1.5M (1)

VA$1.5M (1)

MT$1.5M (1)

ID$1M (1)

Past Grantees

Recipient	Location	Amount	Year
University Of PittsburghTOWARD TEN-YEAR SUPPORT OF THE UNIVERSITY'S CONSTRUCTION AND LAUNCH OF A FACILITY AT HAZELWOOD GREEN TO CATALYZE AN ECONOMIC DEVELOPMENT STRATEGY FOCUSED ON BUILDING FACILITIES FOR MANUFACTURING CELL, GENE, AND ANTIBODY-BASED THERAPIES TO TREAT HUMAN DISEASES	Pittsburgh, PA	$16.5M	2023
Steelers CharitiesTO CREATE A PITTSBURGH STEELERS COMMUNITY FIELD AT HAZELWOOD GREEN	Pittsburgh, PA	$10M	2023
Carnegie Mellon UniversityTOWARD TEN-YEAR SUPPORT TO CONSTRUCT A ROBOTICS INNOVATION CENTER AT HAZELWOOD GREEN TO ACCELERATE ROBOTICS DISCOVERY AND ENTREPRENEURSHIP AND TO STRENGTHEN PITTSBURGH'S ECONOMIC FUTURE	Pittsburgh, PA	$9.5M	2023
Carnegie Mellon UniversityTOWARD FOUR-YEAR SUPPORT TO ESTABLISH A PERMANENT MANUFACTURING FUTURES INSTITUTE AT HAZELWOOD GREEN	Pittsburgh, PA	$7M	2023
Carnegie InstituteTOWARD FOUR-YEAR SUPPORT OF THE WARHOL PROJECT, A PROGRAMMATIC AND PHYSICAL EXPANSION OF THE ANDY WARHOL MUSEUM DEDICATED TO CREATIVE PLACEMAKING, CAREER PATHWAYS TO CREATIVE ECONOMY OPPORTUNITY, AND MUSEUM SUSTAINABILITY	Pittsburgh, PA	$5M	2023
Carnegie Mellon UniversityTOWARD TEN-YEAR SUPPORT OF CONSTRUCTION OF A NEW BUILDING FOR SCIENCES IN OAKLAND	Pittsburgh, PA	$5M	2023
Trwib IncTO PILOT A MODEL TO GROW THE PITTSBURGH REGION'S FILM INDUSTRY TALENT PIPELINE	Pittsburgh, PA	$3M	2023
Pittsburgh Promise FoundationTOWARD TWO-YEAR SUPPORT OF A COACHING PROGRAM TO INCREASE STUDENTS' RATES OF PROMISE-ELIGIBILITY AND POST-SECONDARY ENROLLMENT AT CARRICK, MILLIONES, PERRY, AND WESTINGHOUSE HIGH SCHOOLS	Pittsburgh, PA	$2M	2023
Saint Vincent CollegeTO LAUNCH A BACHELOR OF SCIENCE IN NURSING PROGRAM	Latrobe, PA	$2M	2023
Ligonier Valley School DistrictTO UPDATE THE LIGONIER BASEBALL COMPLEX AND WRESTLING ROOM TO ADVANCE HEALTH AND WELL-BEING	Ligonier, PA	$1.6M	2023
National Fish And Wildlife FoundationTO RESTORE AQUATIC AND FOREST HABITAT IN APPALACHIA WITH A FOCUS IN WESTERN PENNSYLVANIA, VIRGINIA, AND WEST VIRGINIA	Washington, DC	$1.5M	2023
Conservation Fund A Nonprofit Corporation TheTO DEVELOP AND IMPLEMENT REGIONAL STRATEGIES FOR INVESTING IN RURAL FUTURES BY ACTIVATING THE NATURAL RESOURCE ECONOMY AROUND WORKING FORESTS AND CONSERVED LANDSCAPES	Arlington, VA	$1.5M	2023
American Prairie FoundationTO ACQUIRE MULTIPLE PROPERTIES TO ASSEMBLE A 3.2-MILLION-ACRE SHORT GRASS PRAIRIE ECOSYSTEM RESERVE IN NORTH-CENTRAL MONTANA	Bozeman, MT	$1.5M	2023
Magee-Womens Research Institute And FoundationTO ADVANCE INFANT MORTALITY INTERVENTIONS IN HIGH-RISK COMMUNITIES	Pittsburgh, PA	$1.5M	2023
African American Cultural CenterTOWARD SUPPORT OF OPERATIONS	Pittsburgh, PA	$1.4M	2023
University Of Idaho Foundation IncTO ESTABLISH AN ENDOWED PROFESSORSHIP IN HONOR OF DR. MAURICE HORNOCKER TO LEAD A CENTER FOR WILDLIFE CONSERVATION SCIENCE	Moscow, ID	$1M	2023
Appalachian Mountain ClubTO ACQUIRE, PROTECT, MANAGE, AND RESTORE PUBLIC ACCESS TO THE BARNARD TRACT, AN ECOLOGICALLY SIGNIFICANT 28,800-ACRE LAND PARCEL IN MAINES 100-MILE WILDERNESS REGION	Boston, MA	$1M	2023
Appalachian Mountain ClubTO RESTORE PUBLIC ACCESS TO AND ACTIVATE THE BARNARD TRACT FOR BROADER PUBLIC USE IN MAINE'S 100-MILE WILDERNESS REGION	Boston, MA	$1M	2023
Valley School Of LigonierTO PROVIDE FINANCIAL AID, EMPLOY EXPERT FACULTY, AND MAINTAIN THE SCHOOL'S BUILDINGS AND GROUNDS	Rector, PA	$1M	2023
Advanced Leadership Institute Inc TheTOWARD SUPPORT OF OPERATIONS	Pittsburgh, PA	$1M	2023
Primary Care Health ServicesTO BUILD THE NEW WILFORD A. PAYNE FACILITY TO EXPAND PATIENT SERVICES ADDRESSING SOCIAL DETERMINANTS OF HEALTH	Pittsburgh, PA	$1M	2023
Community Foundation Of Greater JohnstownTO SUPPORT THE ECONOMIC REVITALIZATION OF DOWNTOWN JOHNSTOWN THROUGH A PARTNERSHIP WITH UNIVERSITY OF PITTSBURGH AT JOHNSTOWN	Johnstown, PA	$1M	2023
Ligonier Valley Young Men'S Christian Association Of Pa IncTOWARD TWO-YEAR SUPPORT OF RENOVATIONS TO UPDATE SYSTEMS, INCREASE FACILITY ACCESS, AND INCREASE SECURITY TO THE CHILD CARE CENTER	Ligonier, PA	$800K	2023
Homewood Children'S VillageTOWARD SUPPORT OF OPERATIONS AND TO PROVIDE DIRECT SERVICES FOR CHILDREN, YOUTH, AND FAMILIES; CONVENE STRATEGIC PARTNERS; AND ENGAGE IN RESEARCH, ANALYSIS, AND INNOVATION	Pittsburgh, PA	$800K	2023
Western Pennsylvania ConservancyTO PERMANENTLY PROTECT PROPERTY IN WESTMORELAND COUNTY TO ENHANCE THE HABITAT AND SCENIC VIEWS OF THE LIGONIER VALLEY, WITH AN EMPHASIS ON CONSERVATION EASEMENTS	Pittsburgh, PA	$800K	2023
Pennsylvania State University - New Kensington TheTOWARD SUPPORT OF OPERATIONS AT THE DIGITAL FOUNDRY	New Kensington, PA	$750K	2023
Stem Coding Lab IncFOR AN IN-SCHOOL PROGRAM AND VIRTUAL CURRICULUM EXPANSION, OPERATIONS STAFF, CURATION OF AI CURRICULUM, AND LAUNCH OF EXPANDED UNIVERSITY PARTNERSHIPS	Pittsburgh, PA	$635K	2023
Allegheny Land TrustTO ACQUIRE PROPERTIES IN THE ROBINSON RUN WATERSHED, CONNECTING BROADER PARTS OF AN IMPORTANT REGIONAL GREENWAY	Sewickley, PA	$600K	2023
Mutual Aid Ambulance Service IncTO PURCHASE AMBULANCE EQUIPMENT AND COMPUTERS FOR FIRST RESPONDERS	Greensburg, PA	$600K	2023
Foundation For Sustainable ForestsTO PURCHASE PRIORITY FORESTED LANDS IN PENNSYLVANIA'S FRENCH CREEK WATERSHED FOR CONSERVATION, HABITAT STEWARDSHIP VIA ECOLOGICAL FORESTRY, AND OUTREACH	Spartansburg, PA	$550K	2023
Allegheny Intermediate UnitTOWARD 18-MONTH SUPPORT TO EXPAND SERVICES TO MEET THE NEEDS OF CHILDREN AND FAMILIES EXPERIENCING TRAUMA IN FOUR NEW SCHOOL DISTRICTS	Homestead, PA	$515K	2023
Allegheny Conference On Community DevelopmentTO SUPPORT BUSINESS INVESTMENT, JOB CREATION, AND TO LEAD EFFORTS TO ATTRACT AND RETAIN HIGH-DEMAND TALENT IN THE REGION	Pittsburgh, PA	$506K	2023
Cafe Momentum PittsburghTOWARD SUPPORT OF OPERATIONS	Pittsburgh, PA	$500K	2023
Frick Art & Historical Center TheTO EXPAND AUDIENCES AND FORGE AND STRENGTHEN REGIONAL PARTNERSHIPS THROUGH INCLUSIVE EXHIBITIONS, INVITING PROGRAMMING, AND TARGETED MARKETING	Pittsburgh, PA	$500K	2023
Nantucket Conservation Foundation IncTO RESTORE APPROXIMATELY 40 ACRES OF FORMER CRANBERRY BOG TO NATURALLY FUNCTIONING WETLANDS	Nantucket, MA	$500K	2023
Pittsburgh Ballet Theatre IncTO ATTRACT NEW, YOUNG AUDIENCES AND ENGAGE NEW AND EXISTING SUBSCRIBERS	Pittsburgh, PA	$500K	2023
Hawaii Community FoundationTO SUPPORT RELIEF EFFORTS IN MAUI	Honolulu, HI	$500K	2023
Pittsburgh Opera IncTO BUILD AUDIENCE ENGAGEMENT	Pittsburgh, PA	$500K	2023
Kiskiminetas Springs School TheTO SUPPORT THE SCHOLARSHIP PROGRAM	Saltsburg, PA	$500K	2023
Foundation For Pennsylvania WatershedsTO IMPLEMENT RESTORATION PROJECTS IN THE GEOGRAPHIES OF THE WESTERN PENNSYLVANIA BUSINESS PLAN FOR HEALTHY FORESTS AND FRESHWATER HABITATS THAT IMPROVE HABITAT AND BIODIVERSITY WHILE CREATING ECONOMIC OPPORTUNITIES	Alexandria, PA	$500K	2023
East Liberty Family Health Care Center IncTOWARD SUPPORT OF OPERATIONS	Pittsburgh, PA	$500K	2023
A Schools Pittsburgh'S Community Alliance For Public EducationTO COORDINATE RESOURCES TO DEVELOP AND IMPLEMENT EVIDENCE-BASED INTERVENTIONS THAT IMPROVE STUDENT ATTENDANCE AND ACADEMIC ATTAINMENT	Pittsburgh, PA	$500K	2023
Jewish Federation Of Greater PittsburghTOWARD SUPPORT OF OPERATIONS	Pittsburgh, PA	$500K	2023
National Aviary Pittsburgh IncTO SAVE BIRDS FROM EXTINCTION WITH A MULTI-PRONGED, SUSTAINABLE, AND BUILDABLE APPROACH	Pittsburgh, PA	$500K	2023
Foundation For California University Of PennsylvaniaTO DEVELOP PLANS, PERMITS, AND ON-THE-GROUND IMPLEMENTATION OF STREAM RESTORATION AND WATER-QUALITY IMPROVEMENT PROJECTS IN WESTERN PENNSYLVANIA	California, PA	$500K	2023
Historical Society Of Western PennsylvaniaTOWARD SUPPORT OF OPERATIONS	Pittsburgh, PA	$500K	2023
Pittsburgh Public Theater Corporation TheTOWARD AN INITIATIVE TO BUILD THE DOWNTOWN THEATER COMMUNITY	Pittsburgh, PA	$500K	2023
Pittsburgh SymphonyTOWARD SUPPORT OF OPERATIONS AND TO REVITALIZE AUDIENCE ENGAGEMENT	Pittsburgh, PA	$500K	2023
Regional Trail CorporationTO ADDRESS TRAIL SAFETY EMERGENCIES IN COMMUNITIES WITHIN ALLEGHENY AND WESTMORELAND COUNTIES, PRIMARILY ALONG THE MONONGAHELA AND YOUGHIOGHENY RIVERS	West Newton, PA	$500K	2023
Westmoreland Museum Of ArtTOWARD SUPPORT OF OPERATIONS	Greensburg, PA	$500K	2023