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McGregor Fund

Profile

Last Updated: 2016-07-05

At A Glance

McGregor Fund

333 W. Fort St., Ste. 2090

Detroit, MI United States 48226-3134

Telephone: (313) 963-3495

URL: www.mcgregorfund.org

Type of Grantmaker

Independent foundation

Financial Data

(yr. ended 2014-06-30)

Assets: $182,397,498

Total giving: $7,394,172

EIN

380808800

BRIDGE Number

5822604210

Background

Incorporated in 1925 in MI - In 1925, Tracy and Katherine McGregor decided to make sure their extensive financial resources would continue to be used for social, educational and charitable programs. In that year, they established the McGregor Fund. They continued to add to the Fund’s resources until it was large enough to commence an active grant program. During 1931-1936, Tracy identified the Fund’s primary grantmaking priorities. They included higher education, youth services, health care and science. Special grants were given for programs aiding transients and homeless, the chronically ill, and education programs benefiting African Americans. In addition to the Fund, Tracy and Katherine continued to give generously from their own personal accounts to local charities including the Detroit Community Fund and the McGregor Institute. After Tracy's death in 1936, Katherine continued to give major gifts to the Fund and local charities until her death in 1954. Since then, the Fund has continued to carry out the legacy of Tracy and Katherine McGregor.

Purpose and Activities

A private foundation organized to relieve misfortune and improve the well-being of people. The foundation provides grants to support activities in human services, education, health care, arts and culture, and public benefit.

Program Area(s)

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

Arts and Culture

Support for selected arts and cultural organizations which contribute significantly to the well-being of residents of southeastern Michigan.

Education

Support for the following three areas: 1) Support of Schools and Early Child Education - the fund will consider grant requests from independent schools, including ISACS-accredited schools, religious schools and charter schools located in Detroit or Wayne, Oakland or Macomb counties. In considering requests from independent schools, priority will be given to those that can demonstrate high levels of educational quality and a commitment to diversity within their student body, faculty and staff. The fund will also consider requests from public school districts, with priority given to the Detroit Public Schools. Finally, the fund will also consider requests from 501(c)(3) organizations other than schools in the tri-county area for projects; 2) Support of Private Liberal Arts Colleges in Michigan and Ohio - the fund provides a special program of competitive grants for private liberal arts colleges and liberal arts colleges within private universities in Michigan and Ohio. The program awards up to three grants annually of $250,000 each to the selected institutions. Grant decisions under this program are made once per year in the spring. Grant payments under this program are made as one-time distributions restricted to the purpose outlined by the institution in its application. Colleges or universities that receive a grant under the program are not eligible to reapply until the third year after receiving a grant. As a result the institution may use the grant over a period of up to three years; 3) Support of Local Institutions of Higher Education - the fund recognizes that local institutions of higher education play a valuable role in supporting the quality of life within our region. The fund considers grant requests from institutions offering baccalaureate or graduate degrees. Requests from community colleges and other institutions not offering a baccalaureate or graduate degree will not be considered. Local private liberal arts colleges and universities may also apply under the Program of Support for Private Liberal Arts Colleges and Universities in Michigan and Ohio. However, institutions that receive support under that program will not be eligible to re-apply under either program for three years from the year in which a grant is received.

Health Care

Emphasis on improving access to primary medical care, mental health care and substance abuse treatment for indigent, low-income and other highly underserved populations, primarily within the City of Detroit. Support will be considered for community health centers, school-based clinics and other community based organizations.

Human Services

Emphasis on activities in southeastern Michigan addressing emergency needs in housing, provision of food, clothing and other direct aid.

Matching Gifts Program

The fund matches trustee and employee contributions to nonprofit organizations dollar-for-dollar.

Public Benefit

Support for major civic improvement efforts within the region as well as for civic and community organizations whose activities contribute significantly to improving the quality of life for residents of southeastern Michigan and to strengthening the non-profit sector.

Fields of Interest

Subjects
  • Arts and culture
  • Diseases and conditions
  • Education
  • Higher education
  • Human services
  • In-patient medical care
  • Youth services
Population Groups
  • Academics
  • Children and youth
  • Economically disadvantaged people
  • Homeless people
  • Low-income and poor people
  • Students
Organizations
  • Associations

Financial Data

Year ended 2014-06-30

Assets: $182,397,498 (market value)

Expenditures: $9,965,246

Total giving: $7,394,172

Qualifying distributions: $8,437,795