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Philip M. McKenna Foundation, Inc.

Profile

Last Updated: 2016-02-29

At A Glance

Philip M. McKenna Foundation, Inc.

P.O. Box 185

Pittsburgh, PA United States 15230-0185

Type of Grantmaker

Independent foundation

Additional Descriptor

  • Celebrity: Business
  • Family foundation

Financial Data

(yr. ended 2014-12-31)

Assets: $16,252,392

Total giving: $584,750

EIN

256082635

BRIDGE Number

8152673175

Background

Incorporated in 1967 in PA - Founded by the late Philip M. McKenna, who was an internationally known metallurgist and industrialist, and the inventor of the first commercially successful steel cutting grade tungsten carbide. He was the founder and chief executive of Kennametal Inc., which became a global leader in the tungsten carbide machine tool industry. He was also a renowned advocate of sound monetary policy and free enterprise who worked with many of the nation's political and intellectual leaders. His public philosophy was rooted in free market economics, American constitutional government, and the Judeo-Christian ethic.

Purpose and Activities

Support for public policy and educational programs focused on free market economics, American constitutional government, and western civilization. Support also for the general benefit of the foundation's local area.

Fields of Interest

Subjects
  • Economics
  • Higher education
  • Public affairs
  • Public policy
Population Groups
  • Academics
  • Children and youth
  • Economically disadvantaged people
  • Low-income and poor people
  • Students

Financial Data

Year ended 2014-12-31

Assets: $16,252,392 (market value)

Expenditures: $834,775

Total giving: $584,750

Qualifying distributions: $748,292