BOSTON, MA
The Patrick J Mcgovern Foundation Inc.
Quick Facts
- EIN
- 223021586
- Location
- BOSTON, MA
- Category
- General
- Total Assets
- $1.5B
- Annual Income
- $8.3M
- IRS Ruling Year
- 1990
About This Foundation
The Patrick J Mcgovern Foundation Inc. is a private foundation based in BOSTON, MA. The foundation received its IRS ruling in 1990. It holds total assets of $1.5B. Annual income is reported at $8.3M.
View 990 FilingsFinancial Overview
Total Giving
$76.7M
2023-3%
Total Assets
$1.5B
2023+6%
Fair Market Value
$1.5B
2023
Net Worth
$1.5B
2023
Grants Paid
$65.8M
2023
Contributions
$10.6M
2023
Net Investment Income
$62.5M
2023
Distribution Amount
$70.4M
2023
Total Giving by Year
$161
12$336
13$409
14$10.3M
15$15.7M
18$30.5M
19$19.1M
20$46.5M
21$79.3M
22$76.7M
23Asset Growth
$961
12$625
13$216
14$2.3M
15$1.3B
18$1.3B
19$1.5B
20$1.7B
21$1.4B
22$1.5B
23Investment Portfolio (2023)
Total: $0
Other Investments: $1.4B
Cash: $6M
Other Investments (100%)
Cash (0%)
Expense Breakdown (2023)
Grants Paid$65.8M
Officer Compensation$1.2M
Pension & Benefits$992K
Travel & Conferences$286K
Legal Fees$138K
Accounting Fees$90K
Depreciation$13K
Occupancy$4K
Revenue Sources (2023)
- Contributions
- $10.6M
- Dividends
- $2.9M
- Interest
- $14K
- Other Income
- $50
Financial Details (2023)
- Total Revenue
- $13.5M
- Total Expenses
- $76.7M
- Exempt Purpose Expenses
- $73.7M
- Required Distribution
- $70.4M
- Undistributed Income
- $0
- Total Liabilities
- $6.5M
- Excise Tax
- $868K
Foundation Classification (2023)
Operating FoundationGrants to IndividualsNon-Charity GrantsLobbying ActivityExcess Business Holdings
990-PF Filings
| Tax Period | Return Type | View |
|---|---|---|
| 2023-12 | 990PF | View Filing |
| 2022-12 | 990PF | View Filing |
| 2021-12 | 990PF | View Filing |
| 2020-06 | 990PF | View Filing |
| 2018-06 | 990PF | View Filing |
| 2017-06 | 990PF | View Filing |
| 2016-06 | 990PF | View Filing |
Filings sourced from IRS e-file index. View all on ProPublica