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The Edna McConnell Clark Foundation

Profile

Last Updated: 2016-02-11

At A Glance

The Edna McConnell Clark Foundation

415 Madison Ave., 10th Fl.

New York City, NY United States 10017-7949

Telephone: (212) 551-9100

URL: www.emcf.org

Type of Grantmaker

Independent foundation

Financial Data

(yr. ended 2014-09-30)

Assets: $1,017,293,964

Total giving: $49,075,190

EIN

237047034

BRIDGE Number

2205336379

Additional Contact Information

Additional e-mail (for Albert Chung): achung@emcf.org

Background

Incorporated in 1950 in NY and 1969 in DE; the NY corporation merged into the DE corporation in 1974 - Mrs. Clark was the daughter of David H. McConnell, founder in 1886 of the cosmetics company now known as Avon Products, Inc. Mr. Clark joined Avon in 1922 and was elected chairman of the board in the 1950s. As Avon prospered, Mr. and Mrs. Clark decided to put some of their resources into a small family foundation. In 1969, the Clarks donated enough Avon stock to double the size of the foundation.

Purpose and Activities

The foundation focuses on strengthening nonprofit youth development organizations so they can better serve more young people with high-quality programs. The foundation's approach to grantmaking is primarily focused on individual institutions. Key to the foundation's approach is a comprehensive, multistage process used to identify promising youth development organizations, assess their overall capabilities, and subsequently invest in the growth of those organizations most capable of benefiting from this kind of support.

Program Area(s)

The grantmaker has identified the following area(s) of interest:

Capital Aggregation for Individual Grantees

Growth capital aggregation drives greater resources to organizations with the strongest evidence in order to more efficiently and effectively expand programs that demonstrably improve the life trajectories of our nation's most disadvantaged youth. Currently the foundation has partnered with more than 45 co-investors to help 16 grantees secure nearly $282 million in additional private and public funding. Capital aggregation is currently implemented in two different forms: 1) Investing in Individual Grantees and 2) Investing in a Portfolio of Grantees. See foundation web site for detailed information on each portfolio category .

Program-Related Investment

The foundation made a program related investment in the form of a loan to a an exempt organization to support its general operations, growth and capital needs.

Youth Development

The foundation invests in direct-service organizations that help economically disadvantaged young people in the United States ages 9 to 24 to: 1) Improve their educational skills and achievement; 2) Prepare for the world of work so they can find and hold jobs and achieve economic self-sufficiency; and 3) Avoid irresponsible and unproductive behaviors such as teen pregnancy and illegal activities. The foundation concentrates on organizations that serve the most vulnerable and hard-to-reach youth: those who are least likely to succeed without extra help to achieve one or more of the above outcomes. Youth service organizations can send organization information to the foundation via its online Youth Organization Survey Form. See foundation web site for the form and additional programmatic information.

Fields of Interest

Subjects
  • Human services
  • Youth development
  • Youth organizing
  • Youth services
Population Groups
  • Academics
  • Adolescents
  • Children and youth
  • Economically disadvantaged people
  • Female young adults
  • Low-income and poor people
  • Male young adults
  • Students
  • Young adults

Financial Data

Year ended 2014-09-30

Assets: $1,017,293,964 (market value)

Gifts received: $7,598,163

Expenditures: $62,811,030

Total giving: $49,075,190

Qualifying distributions: $59,088,588

Giving activities include:

$49,075,190 for 64 grants (high: $6,565,717; low: $12,000)

$6,923,701 for 2 foundation-administered programs