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The Mcconnell Family Foundation is a private trust based in WILMINGTON, DE. The foundation received its IRS ruling in 2015. The principal officer is Foundation Source. It holds total assets of $1.8M. Annual income is reported at $520K. Total assets have grown from $4K in 2014 to $1.8M in 2022. The foundation is governed by 2 officers and trustees. 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 2016 to 2023. Grantmaking is concentrated in Delaware. According to available records, The Mcconnell Family Foundation has made 20 grants totaling $813K, with a median grant of $40K. Annual giving has grown from $369K in 2020 to $443K in 2022. Individual grants have ranged from $1K to $100K, with an average award of $41K. The foundation has supported 8 unique organizations. Grants have been distributed to organizations in Delaware and Pennsylvania. Contributions to this foundation are tax-deductible.
Smallest Grant
$10K
Median Grant
$33K
Average Grant
$37K
Largest Grant
$83K
Based on 6 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.
The Mcconnell Family Foundation primarily funds organizations in the area of philanthropy & grantmaking. Based on available records, the foundation has funded 20 grants. Its grantmaking reaches organizations primarily in DE, PA.
The Mcconnell Family Foundation has distributed a total of $813K across 20 grants. The median grant size is $40K, with an average of $41K. Individual grants have ranged from $1K to $100K.
The Mcconnell Family Foundation typically selects its grantees rather than accepting unsolicited proposals.
The Mcconnell Family Foundation is headquartered in WILMINGTON, DE. While based in DE, the foundation distributes grants to organizations across 2 states.
| Name | Title | Compensation | Benefits | Total |
|---|---|---|---|---|
| Linda R Mcconnell | Pres, Dir | $0 | $0 | N/A |
| Paul M Mcconnell | Dir, Sec, Treas | $0 | $0 | N/A |
Total Giving
$107K
Total Assets
$1.8M
Fair Market Value
$1.7M
Net Worth
$1.8M
Grants Paid
$93K
Contributions
N/A
Net Investment Income
$375K
Distribution Amount
$72K
Total: $1.6M
Total Grants
20
Total Giving
$813K
Average Grant
$41K
Median Grant
$40K
Unique Recipients
8
Most Common Grant
$50K
of 2022 grantees were first-time recipients
| Recipient | Location | Amount | Year |
|---|---|---|---|
| Faithful Friends IncBuilding Compassion Capital Campaign | Wilmington, DE | $83K | 2022 |
| University Of DelawareHorn Entrepreneurship Program | Newark, DE | $50K | 2022 |
| Ursuline Academy Of Wilmington Delaware IncPaul & Linda McConnell Lower School Tuition Assistance Fund | Wilmington, DE | $40K | 2022 |
| Boy Scouts Of AmericaGeneral & Unrestricted | Dover, DE | $100K | 2020 |
| Limen House IncGeneral & Unrestricted | Wilmington, DE | $60K | 2020 |
| Trustees Of The University Of PennsylvaniaPhilly Fights Cancer | Philadelphia, PA | $50K | 2020 |
| Nativity Preparatory SchoolGeneral & Unrestricted | Wilmington, DE | $5K | 2020 |
| Junior Achievement Of Delaware IncCentennial Challenge / JA Campus Capital Campaign | Wilmington, DE | $1K | 2020 |