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McCune Foundation

Profile

Last Updated: 2016-06-06

At A Glance

McCune Foundation

3 PPG Pl., Ste. 400

Pittsburgh, PA United States 15222-5411

Telephone: (412) 644-8779

URL: www.mccune.org

Type of Grantmaker

Independent foundation

Additional Descriptor

  • Family foundation

Financial Data

(yr. ended 2014-09-30)

Assets: $360,887,399

Total giving: $27,007,000

EIN

256210269

BRIDGE Number

4506362438

Background

Established in 1979 in PA - Mr. McCune was board chairman of Union National Bank of Pittsburgh. The foundation is a memorial to his parents, John Robison McCune and Janet Lockhart McCune, and was set up to distribute the bulk of Mr. McCune's estate to qualified charities over the 50-year period following Mr. McCune's death in 1979. According to the donor's will, beginning in 1984, the foundation was to distribute its net income annually and terminate in 2029 In fiscal 1984, the foundation received over $90 million from the estate of Charles L. McCune and, in fiscal 1985, had its first full year of grantmaking

Purpose and Activities

The mission of the foundation is to enable communities and nonprofit institutions to improve the quality and circumstances of life for present and future generations. In meeting these challenges, the foundation employs flexible approaches and innovative strategies that are responsive to changing needs and new opportunities. The goal is to stimulate long-lasting and sustainable progress, which contributes to community vitality and economic growth.

Program Area(s)

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

Civic

Grants in the program area have a regional focus on new job growth and generating community wealth, support of core community assets, and quality of life. Community development, public amenities, conservation, and overall regional grants are made in this program area. The agenda supports capital projects, research and development, organizational capacity building, and programming. See web site for more information.

Education

Grants in the program promote excellence in the institutions of higher education, independent elementary and secondary schools, and ancillary education programs (General Education). The program supports capital projects, research and development, financial aid, programming, and endowment to accomplish five strategic priorities. See web site for more information.

Human Services

Grants in the program focus on health, social services, and community improvement. The interdisciplinary approach to grantmaking in this program area works with community-based and regional institutions to address pressing community needs by supporting the critical work of existing programs, as well as new initiatives/programs that seek to find and ameliorate the root causes of community distress and disinvestment. The human services area supports capital projects, research and development, organizational capacity building, and programming with five strategic priorities. See web site for more information.

Humanities

Grants in the program focus on culture, preservation, and religion & values. Cultural investments are made from the vantage point of regional economic development and the perspective that a city is more "livable" with a strong arts and culture sector, and a performance epicenter downtown that attracts patrons and out-of-town visitors. The area supports capital projects, endowment grants, technology, marketing, planning, and programming for five strategic priorities. See web site for more information.

Program-Related Investment

The foundation has made PRIs, in the form of loans to support artists' housing, a community redevelopment project, and economic development in southwestern Pennsylvania.

Fields of Interest

Subjects
  • Arts and culture
  • Basic and remedial instruction
  • Diseases and conditions
  • Economic development
  • Employment
  • Health
  • Higher education
  • Historic preservation
  • Housing development
  • Human services
  • Libraries
  • Museums
  • Performing arts
  • Sustainable development
  • Urban development
  • Youth organizing
Population Groups
  • Academics
  • Children and youth
  • Economically disadvantaged people
  • Low-income and poor people
  • Students

Financial Data

Year ended 2014-09-30

Assets: $360,887,399 (market value)

Expenditures: $29,667,738

Total giving: $27,007,000

Qualifying distributions: $28,967,253

Giving activities include:

$27,007,000 for 142 grants (high: $3,471,162; low: $2,500)