The McGraw Foundation is a private non-operating foundation awards grants to provide financial assistance for educational and charitable purposes in furtherance of the public good and promoting the well-being of all humanity.
Donor Name: McGraw Foundation
State: Illinois
City: Chicago
Type of Grant: Grant
Deadline: 02/01/2023
Size of the Grant: $25,000
Details:
Funding Information
- Grant requests are suggested to be within a range of $2,000 to $10,000. Grant recipients and amounts will be determined by several criteria. Naturally, availability of funds is a key factor.
- The Foundation will occasionally make large grants ($25,000 or more) to support unusually promising efforts in any of its areas of interest.
Eligibility Criteria
- The Foundation’s areas of interest involve the fields of conservation, educational programs at all levels, and human services. Occasionally, grants are made in other areas such as health, medical research and cultural. Grants generally are limited to organizations located in the greater Chicago area.
- Grants may be made for general operating support, specific projects, and occasionally, capital programs. Grants will be made on a single year basis. Grants made for specific projects require grantees to render accountability by means of periodic reports.
- The Foundation will make annual grants on a recurring basis to sustain operations of some organizations. However, long-term dependency situations are not considered desirable.
- The use of the matching grant, or “challenge” approach is encouraged where feasible.
- The Foundation will support only organizations qualified as tax-exempt, (i.e., 501© (3) or 509 (a) (1) or (a) (2) organizations), under the regulations of the United States Internal Revenue Service.
- The Foundation does not make grants directly to individuals.
- The Foundation does not make grants for purposes that are strictly religious in nature.
- The Foundation does not make grants for specific events, such as seminars, conferences, etc.
- The Foundation does not normally support theater groups.
- The Foundation does not normally support public or private high schools.
- Among other things, this law imposes certain obligations on private foundations (such as McGraw Foundation) considering grants to “Supporting Organizations.”
- If your organization is a “Public Charity” under code section 501 (c) (3), it will have received an additional designation of 509 (a) (1), 509 (a) (2), or 509 (a) (3). We request that any grant application made to McGraw Foundation include proof of the appropriate Sec. 509 designation. This Sec. 509 designation is usually stated on the same federal Internal Revenue Service letter indicating your 501 (c) (3) status.
- 509 (a) (3) denotes a supporting organization affected by the new law. Before McGraw Foundation can proceed on an application from a 501 ( c ) (3) organization with a 509 (a) (3) designation, more information will be needed. If you have any doubt as to the nature and category of your organization’s tax-exempt status, and current documentation thereof, please consult your professional tax advisor.
For more information, visit McGraw Foundation.
