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McGraw Foundation

Profile

Last Updated: 2016-02-02

At A Glance

McGraw Foundation

653 Landwehr Rd.

Northbrook, IL United States 60062-2309

Telephone: (847) 291-9810

URL: www.maxmcgrawfoundation.org

Type of Grantmaker

Independent foundation

Additional Descriptor

  • Family foundation

Financial Data

(yr. ended 2014-12-31)

Assets: $8,982,012

Total giving: $783,060

EIN

362490000

BRIDGE Number

3341446679

Background

Incorporated in 1948 in IL - Max McGraw was founder of the McGraw-Edison Company and its president for 60 years, as well as a philanthropist whose major interest was wildlife conservation. Mr. McGraw served as trustee of the University of Chicago, the Cancer Research Foundation, and the Thomas A. Edison Foundation, and was president of the American Wildlife Foundation. After his death in 1964, bequests from his estate nearly doubled the foundation's assets. Maxine M. Elrod, daughter of the founder, served on the foundation's board until her death in 1983. Scott M. Elrod, grandson of Max McGraw, has been on the board of directors since 1957.

Purpose and Activities

The primary focus of the foundation is on education at all levels, with an emphasis on higher education in the fields of science and environment. In addition, grants are made to social service agencies, emphasizing those dealing with children. The foundation also occasionally makes grants in the areas of health, medical research and the arts. .

Fields of Interest

Subjects
  • Arts and culture
  • Diseases and conditions
  • Domesticated animals
  • Education
  • Environment
  • Higher education
  • Human services
  • Humanities
  • Science
  • Special needs education
Population Groups
  • Children and youth
  • Economically disadvantaged people
  • Low-income and poor people

Financial Data

Year ended 2014-12-31

Assets: $8,982,012 (market value)

Expenditures: $1,062,840

Total giving: $783,060

Qualifying distributions: $945,833