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Plough Foundation

Profile

Last Updated: 2016-06-06

At A Glance

Plough Foundation

62 N. Main St., Ste. 201

Memphis, TN United States 38103-2110

URL: www.plough.org

Type of Grantmaker

Independent foundation

Additional Descriptor

  • Celebrity: Business
  • Family foundation

Financial Data

(yr. ended 2014-12-31)

Assets: $118,400,890

Total giving: $13,408,100

EIN

237175983

BRIDGE Number

8343535878

Background

Established in 1972 in TN - Founded by the late Abe Plough, who was the founder of Plough, Inc., which merged with the Schering Corp. in 1971 and formed the Schering-Plough Co., manufacturers of pharmaceutical and household products. In 1977, the original Plough Foundation terminated as a single entity and merged with the Memphis-Plough Charitable Trust under that foundation's name. In 1980, the Memphis-Plough Charitable Trust changed its name to the Plough Foundation. Abe Plough served as the foundation's managing trustee until his death in 1984.

Purpose and Activities

Grants to community projects, early childhood and elementary education, crime, health care, economic development, social service agencies, housing and homelessness, and the arts.

Program Area(s)

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

Program-Related Investment

Historically, the foundation has made a PRI in the form of a loan to a substance abuse treatment center.

Fields of Interest

Subjects
  • Arts and culture
  • Crime prevention
  • Early childhood education
  • Economic development
  • Education
  • Family services
  • Health
  • Homeless shelters
  • Human services
  • Youth services
Population Groups
  • Children and youth
  • Economically disadvantaged people
  • Low-income and poor people

Financial Data

Year ended 2014-12-31

Assets: $118,400,890 (market value)

Gifts received: $189,319

Expenditures: $15,538,794

Total giving: $13,408,100

Qualifying distributions: $14,686,274