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William G. McGowan Charitable Fund, Inc.

Profile

Last Updated: 2016-08-09

At A Glance

William G. McGowan Charitable Fund, Inc.

212 N. Sangamon St., Ste. 1D

Chicago, IL United States 60607-1722

Telephone: (312) 243-3198

URL: www.mcgowanfund.org

Type of Grantmaker

Independent foundation

Additional Descriptor

  • Celebrity: Business
  • Family foundation

Financial Data

(yr. ended 2015-06-30)

Assets: $179,851,728

Total giving: $7,855,986

EIN

521829785

BRIDGE Number

5859354889

Additional Contact Information

E-mail (for Diana Spencer): diana.spencer@mcgowanfund.org

Background

Established in 1992 in DC - Founded by the late William G. McGowan. He was Chairman of MCI Communications, a company that was instrumental in legal and regulatory changes to the American telephone communications business by taking on the AT&T monopoly. This helped usher in the competitive long distance telephone industry

Purpose and Activities

Giving in the areas of education to improve high school graduation rates, healthcare in the area of childhood obesity/cardiac health prevention; human services for vulnerable populations. Giving is limited to specific geographic regions.

Program Area(s)

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

Community Programs

Because the fund believes in the power of community and actions in building community, the fund supports programs in its communities that address quality of life challenges for the elderly, for those who are victims of abuse, those who are disabled, and those who suffer from hunger, homelessness, unemployment or illness.

Education

Because Bill McGowan was a recipient of support to complete his final year of education, and because he deeply believed in the power of education to transform lives, the fund supports exceptional business students through the McGowan Fellows Program, and supports exceptional Pre-K through 12 programs that creatively address the current challenges in our educational system for the purposes of promoting retention and graduation rates in underserved or underachieving populations.

Employee Matching Gifts

The foundation matches the contributions of its board members to charitable organizations.

Healthcare and Medical Research

The fund supports programs and research projects that address the challenges and needs in cardiac healthcare.

McGowan Fellows Program

The program offers full-tuition scholarships to second-year MBA students enrolled at the nation's top business schools. Through tuition assistance, mentoring, networking and a yearlong dialogue, the program encourages emerging leaders to make ethical and societal concerns part of their ongoing corporate ethos. Candidates are selected by their graduate business schools near the close of their first year. The fund does not accept applications for the fellows program.

Fields of Interest

Subjects
  • Diseases and conditions
  • Early childhood education
  • Education
  • Elementary and secondary education
  • Heart and circulatory system diseases
  • Human services
Population Groups
  • Academics
  • Children and youth
  • Economically disadvantaged people
  • Low-income and poor people
  • Students

Financial Data

Year ended 2015-06-30

Assets: $179,851,728 (market value)

Expenditures: $9,843,625

Total giving: $7,855,986

Qualifying distributions: $8,548,418