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Eugene and Agnes E. Meyer Foundation

Profile

Last Updated: 2016-08-22

At A Glance

Eugene and Agnes E. Meyer Foundation

1250 Connecticut Ave. N.W., Ste. 800

Washington, DC United States 20036-2620

Telephone: (202) 483-8294

URL: www.meyerfoundation.org

Type of Grantmaker

Independent foundation

Financial Data

(yr. ended 2014-12-31)

Assets: $225,918,250

Total giving: $9,345,120

EIN

530241716

BRIDGE Number

6627989502

Background

Incorporated in 1944 in NY - Mr. Meyer, a Wall Street financier, organized the Allied Chemical and Dye Corp. in 1921, now Allied Corp. Throughout his life he held several governmental positions, including director of the War and Finance Corp., governor of the Federal Reserve Board, chairman of the Reconstruction Finance Corp., and first president of the World Bank. In 1933, he purchased the Washington Post and assumed the active role of publisher. His wife, Agnes Ernst Meyer, was a journalist and social activist. The first woman reporter hired by the New York Sun, Mrs. Meyer maintained her interest in journalism throughout her life and was the author of four books and numerous articles. She was the founder of the Urban Service Corps and the National Committee for Support of the Public Schools The foundation is a signatory to Philanthropy's Promise, an initiative of the National Committee for Responsive Philanthropy (NCRP). By signing on, the grantmaker has committed to allocating the majority of its grantmaking dollars to marginalized communities and at least 25 percent to social justice strategies, such as advocacy, community organizing, and civic engagement.

Purpose and Activities

The foundation pursues and invests in solutions that build an equitable Greater Washington, DC community in which economically vulnerable people thrive.

Program Area(s)

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

Grantmaking

The foundation is working to achieve three broad and interconnected goals: The foundation pursues and invests in solutions that build an equitable Greater Washington, DC community in which economically vulnerable people thrive. The foundation makes grants to nonprofit organizations whose work advances and supports three long-term community goals for the Washington, DC region: * The region provides an adequate supply of housing that low-income individuals and families can afford, and individuals and families to remain stably housed. * Ensure that individuals and families in the bottom quartile of income build assets and increase their financial security. * Prepare youth and adults to obtain family-sustaining jobs and remain employed. In May 2014, the foundation launched the Children and Family Capacity-Building Initiative with grant support from the Freddie Mac Foundation. This initiative was a two-year program that was created to strengthen organizations that serve vulnerable children and families in the Greater Washington, DC region. Grantmaking for this initiative has now concluded.

Organizational Effectiveness

Through the Organizational Effectiveness (OE) program, the foundation provides grants to help grantees strengthen management and leadership, assess and increase impact, and expand resources. OE grants also seek to increase the capacity of the foundation's grantees to align and partner with others to meet shared community goals. Only current Meyer grantees (organizations that have received an operating grant within the past two years) are eligible to apply for Organizational Effectiveness grants.

Fields of Interest

Subjects
  • Basic and remedial instruction
  • Child development
  • Child educational development
  • Child welfare
  • Community and economic development
  • Diversity and intergroup relations
  • Early childhood education
  • Education
  • Elementary education
  • Employment
  • Family services
  • Homeless services
  • Human services
  • Leadership development
  • Legal aid
  • Legal services
  • Mental health care
  • Secondary education
  • Sustainable development
  • Vocational education
  • Youth organizing
  • Youth services
Population Groups
  • Children and youth
  • Economically disadvantaged people
  • Low-income and poor people

Financial Data

Year ended 2014-12-31

Assets: $225,918,250 (market value)

Gifts received: $5,739,000

Expenditures: $15,605,272

Total giving: $9,345,120

Qualifying distributions: $12,196,839

Giving activities include:

$9,345,120 for 290 grants

$15,979 for 4 foundation-administered programs

Estimated financial data for year ending 2015-12-31:

Grants: $10,711,690