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The Teagle Foundation Incorporated

Profile

Last Updated: 2016-07-22

At A Glance

The Teagle Foundation Incorporated

570 Lexington Ave., 38th Fl.

New York City, NY United States 10022-6837

Telephone: (212) 373-1972

URL: www.teaglefoundation.org

Type of Grantmaker

Independent foundation

Financial Data

(yr. ended 2015-06-30)

Assets: $148,161,732

Total giving: $4,770,691

EIN

201370387

BRIDGE Number

8166910895

Background

Established in 1944 - The foundation was established in 1944 by Walter C. Teagle (1878 – 1962), longtime Pres. and later Chair. of the board of Standard Oil Company (New Jersey), now Exxon Mobil Corporation. Mr. Teagle gave the foundation a broad mandate, "to advance the well-being and general good of mankind throughout the world," mentioning many areas of concern and possible recipients of its support. Over the intervening decades the foundation has pursued many of these avenues, always, however, including among its grants the aid Mr. Teagle envisioned for "institutions of higher learning and research," and assistance to family members of employees of his corporation who were "desirous of obtaining some form of educational advantage." Walter Teagle graduated from Cornell University in 1899 and maintained close ties with that university throughout his lifetime. He served as a trustee from 1924 to 1954 and made generous contributions to it. Reflecting Mr. Teagle's wish, the foundation includes among its directors a person nominated by the Pres. of Cornell and another nominated by the Chair. of ExxonMobil. The foundation's assets derive from gifts and bequests from Walter C. Teagle, his wife, Rowena Lee Teagle, and their son Walter C. Teagle, Jr.

Purpose and Activities

The foundation intends to be an influential national voice and a catalyst for change in higher education to improve undergraduate student learning in the arts and sciences.

Fields of Interest

Subjects
  • Education
  • Higher education
  • Human services
  • University education
Population Groups
  • Academics
  • Economically disadvantaged people
  • Females
  • Low-income and poor people
  • Students

Financial Data

Year ended 2015-06-30

Assets: $148,161,732 (market value)

Gifts received: $1,000

Expenditures: $9,561,929

Total giving: $4,770,691

Qualifying distributions: $6,073,384