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FRIENDS OF MCGILL UNIVERSITY INC: Form 990, tax year 2021

View the entire original 990 at ProPublica ↗

Organization
FRIENDS OF MCGILL UNIVERSITY INC (EIN 23-7054819)
Tax period
2021-06-01 to 2022-05-31
Filed
2022-12-29
IRS object ID
202340129349301229
Schema version
2021v4.0
Source
Download XML · Original 990 at ProPublica

Every field in the e-filed return. Faint text is the IRS element name, for citing.

Return header ReturnHeader

FieldValueIRS element (for citing)
Return2022-12-29T15:09:41-05:00ReturnTs
Tax Period End2022-05-31TaxPeriodEndDt

Preparer Firm PreparerFirmGrp

FieldValueIRS element (for citing)
Preparer Firm EIN471349926PreparerFirmEIN

Preparer Firm Name PreparerFirmName

FieldValueIRS element (for citing)
Business Name Line1FRANK J SCARANO CPA PROFESSIONAL LLCBusinessNameLine1Txt

Preparer US Address PreparerUSAddress

FieldValueIRS element (for citing)
Address Line144 PRYER TERAddressLine1Txt
CityNEW ROCHELLECityNm
State AbbreviationNYStateAbbreviationCd
ZIP10804ZIPCd
FieldValueIRS element (for citing)
Return Type990ReturnTypeCd
Tax Period Begin2021-06-01TaxPeriodBeginDt

Filer Filer

FieldValueIRS element (for citing)
EIN237054819EIN

Business Name BusinessName

FieldValueIRS element (for citing)
Business Name Line1FRIENDS OF MCGILL UNIVERSITY INCBusinessNameLine1Txt
Business Name Line2C/O FRANK J SCARANO CPA PLLCBusinessNameLine2Txt
FieldValueIRS element (for citing)
Business Name ControlFRIEBusinessNameControlTxt
Phone2129882772PhoneNum

US Address USAddress

FieldValueIRS element (for citing)
Address Line144 PRYER TERRACEAddressLine1Txt
CityNEW ROCHELLECityNm
State AbbreviationNYStateAbbreviationCd
ZIP108044419ZIPCd

Business Officer BusinessOfficerGrp

FieldValueIRS element (for citing)
PersonDAVID C MCCUTCHEONPersonNm
Person TitleVICE-PRES/TREASURERPersonTitleTxt
Phone2129882772PhoneNum
Signature2022-12-13SignatureDt
Discuss With Paid PreparerYes (true)DiscussWithPaidPreparerInd

Signing Officer SigningOfficerGrp

Person Full Name PersonFullName

FieldValueIRS element (for citing)
Person FirstDAVIDPersonFirstNm
Person LastMCCUTCHEONPersonLastNm
FieldValueIRS element (for citing)
SSN999009999SSN

Preparer Person PreparerPersonGrp

FieldValueIRS element (for citing)
Preparer PersonMARY JANE PISANI CPAPreparerPersonNm
PTINP00544583PTIN
Phone9146326633PhoneNum
Preparation2022-12-13PreparationDt
FieldValueIRS element (for citing)
Tax2021TaxYr
Build TS2023-03-07 01:45:13ZBuildTS

Form 990 IRS990

FieldValueIRS element (for citing)
Principal OfficerDAVID C MCCUTCHEONPrincipalOfficerNm

US Address USAddress

FieldValueIRS element (for citing)
Address Line1155 EAST 72ND STREETAddressLine1Txt
CityNEW YORKCityNm
State AbbreviationNYStateAbbreviationCd
ZIP100214371ZIPCd
FieldValueIRS element (for citing)
Gross Receipts$9,523,831GrossReceiptsAmt
Group Return For AffiliatesfalseGroupReturnForAffiliatesInd
Organization501c3Yes (X)Organization501c3Ind
Website AddressN/AWebsiteAddressTxt
Type Of Organization CorpYes (X)TypeOfOrganizationCorpInd
Formation1945FormationYr
Legal Domicile StateNYLegalDomicileStateCd
Activity Or MissionTO ADVANCE EDUCATION AND MAKE GRANTS FOR CHARITABLE AND EDUCATIONAL PURPOSESActivityOrMissionDesc
Voting Members Governing Body10VotingMembersGoverningBodyCnt
Voting Members Independent10VotingMembersIndependentCnt
Total Employee0TotalEmployeeCnt
Total Gross UBI$0TotalGrossUBIAmt
PY Contributions Grants$4,627,298PYContributionsGrantsAmt
CY Contributions Grants$7,806,549CYContributionsGrantsAmt
CY Program Service Revenue$0CYProgramServiceRevenueAmt
PY Investment Income$347,795PYInvestmentIncomeAmt
CY Investment Income$285,631CYInvestmentIncomeAmt
CY Other Revenue-$63,063CYOtherRevenueAmt
PY Total Revenue$4,975,093PYTotalRevenueAmt
CY Total Revenue$8,029,117CYTotalRevenueAmt
PY Grants And Similar Paid$4,802,560PYGrantsAndSimilarPaidAmt
CY Grants And Similar Paid$7,523,644CYGrantsAndSimilarPaidAmt
CY Benefits Paid To Members$0CYBenefitsPaidToMembersAmt
CY Salaries Comp Emp Bnft Paid$0CYSalariesCompEmpBnftPaidAmt
CY Total Prof Fndrsng Expns$0CYTotalProfFndrsngExpnsAmt
CY Total Fundraising Expense$79,626CYTotalFundraisingExpenseAmt
PY Other Expenses$33,480PYOtherExpensesAmt
CY Other Expenses$117,313CYOtherExpensesAmt
PY Total Expenses$4,836,040PYTotalExpensesAmt
CY Total Expenses$7,640,957CYTotalExpensesAmt
PY Revenues Less Expenses$139,053PYRevenuesLessExpensesAmt
CY Revenues Less Expenses$388,160CYRevenuesLessExpensesAmt
Total Assets BOY$11,301,946TotalAssetsBOYAmt
Total Assets EOY$10,774,766TotalAssetsEOYAmt
Total Liabilities BOY$143,963TotalLiabilitiesBOYAmt
Total Liabilities EOY$184,384TotalLiabilitiesEOYAmt
Net Assets Or Fund Balances BOY$11,157,983NetAssetsOrFundBalancesBOYAmt
Net Assets Or Fund Balances EOY$10,590,382NetAssetsOrFundBalancesEOYAmt
MissionTO ADVANCE EDUCATION AND MAKE GRANTS FOR CHARITABLE AND EDUCATIONAL PURPOSESMissionDesc
Significant New Program SrvcfalseSignificantNewProgramSrvcInd
Significant ChangefalseSignificantChangeInd
Expense$7,450,415ExpenseAmt
Grant$7,448,804GrantAmt
DescTHE ORGANIZATION ADVANCES EDUCATION THROUGH GRANTS. THE GRANTS WERE FOR CHARITABLE PURPOSES TO THE ROYAL INSTITUTION FOR THE ADVANCEMENT OF LEARNING ALSO KNOWN AS MCGILL UNIVERSITY EIN 98-6001153. THE GRANTS MADE TO MCGILL UNIVERSITY WERE FOR GENERAL EDUCATIONAL PURPOSES.Desc

Prog Srvc Accom Acty2 ProgSrvcAccomActy2Grp

FieldValueIRS element (for citing)
Expense$74,840ExpenseAmt
Grant$74,840GrantAmt
DescDONATIONS OF 25,000 TO MONTREAL GENERAL HOSPITAL 13,000 TO MONTREAL CHILDREN'S HOSPITAL AND 36,840 TO THE CEDAR CANCER FOUNDATION GIVEN FOR CHARITABLE PURPOSES.Desc
FieldValueIRS element (for citing)
Total Program Service Expenses$7,525,255TotalProgramServiceExpensesAmt
Described In Section501c3Yes (true)DescribedInSection501c3Ind
Schedule B RequiredYes (true)ScheduleBRequiredInd
Political Campaign ActyfalsePoliticalCampaignActyInd
Lobbying ActivitiesfalseLobbyingActivitiesInd
Subject To Proxy TaxfalseSubjectToProxyTaxInd
Donor Advised FundfalseDonorAdvisedFundInd
Conservation EasementsfalseConservationEasementsInd
Collections Of ArtfalseCollectionsOfArtInd
Credit CounselingfalseCreditCounselingInd
Donor Rstr Or Quasi EndowmentsYes (true)DonorRstrOrQuasiEndowmentsInd
Report Land Building EquipmentfalseReportLandBuildingEquipmentInd
Report Investments Other SecfalseReportInvestmentsOtherSecInd
Report Program Related InvstfalseReportProgramRelatedInvstInd
Report Other AssetsfalseReportOtherAssetsInd
Report Other LiabilitiesfalseReportOtherLiabilitiesInd
Include FIN48 FootnoteYes (true)IncludeFIN48FootnoteInd
Independent Audit Fincl StmtYes (true)IndependentAuditFinclStmtInd
Consolidated Audit Fincl StmtfalseConsolidatedAuditFinclStmtInd
School OperatingfalseSchoolOperatingInd
Foreign OfficeYes (true)ForeignOfficeInd
Foreign ActivitiesYes (true)ForeignActivitiesInd
More Than5000 K To OrgYes (true)MoreThan5000KToOrgInd
More Than5000 K To IndividualsfalseMoreThan5000KToIndividualsInd
Professional FundraisingfalseProfessionalFundraisingInd
Fundraising ActivitiesYes (true)FundraisingActivitiesInd
Gaming ActivitiesfalseGamingActivitiesInd
Operate HospitalfalseOperateHospitalInd
Grants To OrganizationsfalseGrantsToOrganizationsInd
Grants To IndividualsfalseGrantsToIndividualsInd
Schedule J RequiredfalseScheduleJRequiredInd
Tax Exempt BondsfalseTaxExemptBondsInd
Engaged In Excess Benefit TransfalseEngagedInExcessBenefitTransInd
PY Excess Benefit TransfalsePYExcessBenefitTransInd
Loan OutstandingfalseLoanOutstandingInd
Grant To Related PersonfalseGrantToRelatedPersonInd
Business Rln With Org MemfalseBusinessRlnWithOrgMemInd
Business Rln With Fam MemfalseBusinessRlnWithFamMemInd
Business Rln With35 Ctrl EntfalseBusinessRlnWith35CtrlEntInd
Deductible Non Cash ContriYes (true)DeductibleNonCashContriInd
Deductible Art ContributionfalseDeductibleArtContributionInd
Terminate OperationsfalseTerminateOperationsInd
Partial LiquidationfalsePartialLiquidationInd
Disregarded EntityfalseDisregardedEntityInd
Related EntityfalseRelatedEntityInd
Related Organization Ctrl EntfalseRelatedOrganizationCtrlEntInd
Trnsfr Exmpt Non Chrtbl Rltd OrgfalseTrnsfrExmptNonChrtblRltdOrgInd
Activities Conducted PrtshpfalseActivitiesConductedPrtshpInd
Schedule O RequiredYes (true)ScheduleORequiredInd
IRP Document2IRPDocumentCnt
IRP Document W2 G0IRPDocumentW2GCnt
Employee0EmployeeCnt
Unrelated Bus Incm Over LimitfalseUnrelatedBusIncmOverLimitInd
Foreign Financial AccountYes (true)ForeignFinancialAccountInd
Foreign CountryCAForeignCountryCd
Prohibited Tax Shelter TransfalseProhibitedTaxShelterTransInd
Taxable Party NotificationfalseTaxablePartyNotificationInd
Nondeductible ContributionsfalseNondeductibleContributionsInd
Indoor Tanning ServicesfalseIndoorTanningServicesInd
Subj To Tax Rmnrtn Ex Prcht PymtfalseSubjToTaxRmnrtnExPrchtPymtInd
Subject To Excs Tax Net Invst IncfalseSubjectToExcsTaxNetInvstIncInd
Info In Schedule O Part VIYes (X)InfoInScheduleOPartVIInd
Governing Body Voting Members10GoverningBodyVotingMembersCnt
Independent Voting Member10IndependentVotingMemberCnt
Family Or Business RlnfalseFamilyOrBusinessRlnInd
Delegation Of Mgmt DutiesfalseDelegationOfMgmtDutiesInd
Change To Org DocumentsfalseChangeToOrgDocumentsInd
Material Diversion Or MisusefalseMaterialDiversionOrMisuseInd
Members Or StockholdersfalseMembersOrStockholdersInd
Election Of Board MembersfalseElectionOfBoardMembersInd
Decisions Subject To ApprovafalseDecisionsSubjectToApprovaInd
Minutes Of Governing BodyYes (true)MinutesOfGoverningBodyInd
Minutes Of CommitteesYes (true)MinutesOfCommitteesInd
Officer Mailing AddressfalseOfficerMailingAddressInd
Local ChaptersfalseLocalChaptersInd
Form990 Provided To Gvrn BodyYes (true)Form990ProvidedToGvrnBodyInd
Conflict Of Interest PolicyYes (true)ConflictOfInterestPolicyInd
Annual Disclosure Covered PrsnYes (true)AnnualDisclosureCoveredPrsnInd
Regular Monitoring EnfrcYes (true)RegularMonitoringEnfrcInd
Whistleblower PolicyYes (true)WhistleblowerPolicyInd
Document Retention PolicyYes (true)DocumentRetentionPolicyInd
Compensation Process CEOfalseCompensationProcessCEOInd
Compensation Process OtherfalseCompensationProcessOtherInd
Investment In Joint VenturefalseInvestmentInJointVentureInd
States Where Copy Of Return Is FldNYStatesWhereCopyOfReturnIsFldCd
Upon RequestYes (X)UponRequestInd

Books In Care Of Detail BooksInCareOfDetail

Business Name BusinessName

FieldValueIRS element (for citing)
Business Name Line1FRANK J SCARANO CPA PLLCBusinessNameLine1Txt
Business Name Line2FRANK J SCARANO CPA PLLCBusinessNameLine2Txt
FieldValueIRS element (for citing)
Phone9146326633PhoneNum

US Address USAddress

FieldValueIRS element (for citing)
Address Line144 PRYER TERRACEAddressLine1Txt
Address Line2C/O MJ PISANIAddressLine2Txt
CityNEW ROCHELLECityNm
State AbbreviationNYStateAbbreviationCd
ZIP10804ZIPCd
FieldValueIRS element (for citing)
No Listed Persons CompensatedYes (X)NoListedPersonsCompensatedInd

Form990 Part VII Section A Form990PartVIISectionAGrp (10 entries)

TitleTitleTxtAverage Hours Per WeekAverageHoursPerWeekRtOfficerOfficerIndReportable Comp From OrgReportableCompFromOrgAmtReportable Comp From Rltd OrgReportableCompFromRltdOrgAmtOther CompensationOtherCompensationAmtIndividual Trustee Or DirectorIndividualTrusteeOrDirectorInd
JORDAN WAXMAN
PRESIDENT5.00Yes (X)$0$0$0
DAVID C MCCUTCHEON
VICE-PRES/TR10.00Yes (X)$0$0$0
ANTON ANGELICH
SECRETARY2.00Yes (X)$0$0$0
MARC-ANDRE CHIFFERT
ASST SECRETA2.00Yes (X)$0$0$0
GEORGE G MARINI
ASST TREASUR2.00Yes (X)$0$0$0
ARTHUR L COLEMAN III
DIRECTOR2.00$0$0$0Yes (X)
DIANA M GALER
DIRECTOR2.00$0$0$0Yes (X)
MARGARET GILLIAM
DIRECTOR2.00$0$0$0Yes (X)
MARK ALBERT HANTHO
DIRECTOR2.00$0$0$0Yes (X)
HAROLD J TRISCHMAN
DIRECTOR2.00$0$0$0Yes (X)
FieldValueIRS element (for citing)
Former Ofcr Employees ListedfalseFormerOfcrEmployeesListedInd
Total Comp Greater Than150 KfalseTotalCompGreaterThan150KInd
Compensation From Other SrcsfalseCompensationFromOtherSrcsInd
Fundraising$666,767FundraisingAmt
All Other Contributions$7,139,782AllOtherContributionsAmt
Noncash Contributions$926,514NoncashContributionsAmt
Total Contributions$7,806,549TotalContributionsAmt

Investment Income InvestmentIncomeGrp

FieldValueIRS element (for citing)
Total Revenue Column$281,547TotalRevenueColumnAmt
Exclusion$281,547ExclusionAmt

Gross Amount Sales Assets GrossAmountSalesAssetsGrp

FieldValueIRS element (for citing)
Securities$1,359,135SecuritiesAmt

Less Cost Oth Basis Sales Expnss LessCostOthBasisSalesExpnssGrp

FieldValueIRS element (for citing)
Securities$1,355,051SecuritiesAmt

Gain Or Loss GainOrLossGrp

FieldValueIRS element (for citing)
Securities$4,084SecuritiesAmt

Net Gain Or Loss Investments NetGainOrLossInvestmentsGrp

FieldValueIRS element (for citing)
Total Revenue Column$4,084TotalRevenueColumnAmt
Related Or Exempt Func Income$3,913RelatedOrExemptFuncIncomeAmt
Exclusion$171ExclusionAmt
FieldValueIRS element (for citing)
Fundraising Gross Income$76,600FundraisingGrossIncomeAmt
Contri Rpt Fundraising Event$666,767ContriRptFundraisingEventAmt
Fundraising Direct Expenses$139,663FundraisingDirectExpensesAmt

Net Incm From Fundraising Evt NetIncmFromFundraisingEvtGrp

FieldValueIRS element (for citing)
Total Revenue Column-$63,063TotalRevenueColumnAmt
Exclusion-$63,063ExclusionAmt

Total Revenue TotalRevenueGrp

FieldValueIRS element (for citing)
Total Revenue Column$8,029,117TotalRevenueColumnAmt
Related Or Exempt Func Income$3,913RelatedOrExemptFuncIncomeAmt
Exclusion$218,655ExclusionAmt

Foreign Grants ForeignGrantsGrp

FieldValueIRS element (for citing)
Total$7,523,644TotalAmt
Program Services$7,523,644ProgramServicesAmt

Fees For Services Legal FeesForServicesLegalGrp

FieldValueIRS element (for citing)
Total$633TotalAmt
Management And General$633ManagementAndGeneralAmt

Fees For Services Accounting FeesForServicesAccountingGrp

FieldValueIRS element (for citing)
Total$38,900TotalAmt
Management And General$26,900ManagementAndGeneralAmt
Fundraising$12,000FundraisingAmt

Fees For Services Other FeesForServicesOtherGrp

FieldValueIRS element (for citing)
Total$37,500TotalAmt
Fundraising$37,500FundraisingAmt

Office Expenses OfficeExpensesGrp

FieldValueIRS element (for citing)
Total$10,493TotalAmt
Program Services$212ProgramServicesAmt
Fundraising$10,281FundraisingAmt

Information Technology InformationTechnologyGrp

FieldValueIRS element (for citing)
Total$2,550TotalAmt
Fundraising$2,550FundraisingAmt

Conferences Meetings ConferencesMeetingsGrp

FieldValueIRS element (for citing)
Total$3,255TotalAmt
Management And General$3,255ManagementAndGeneralAmt

Insurance InsuranceGrp

FieldValueIRS element (for citing)
Total$2,901TotalAmt
Management And General$2,428ManagementAndGeneralAmt
Fundraising$473FundraisingAmt

Other Expenses OtherExpensesGrp (4 entries)

DescDescTotalTotalAmtFundraisingFundraisingAmtManagement And GeneralManagementAndGeneralAmtProgram ServicesProgramServicesAmt
CREDIT CARD PROCESSING F$16,822$16,822
BANK CHARGES$2,085$2,085
MISCELLANEOUS$1,399$1,399
LICENSES AND FEES$775$775

Total Functional Expenses TotalFunctionalExpensesGrp

FieldValueIRS element (for citing)
Total$7,640,957TotalAmt
Program Services$7,525,255ProgramServicesAmt
Management And General$36,076ManagementAndGeneralAmt
Fundraising$79,626FundraisingAmt

Cash Non Interest Bearing CashNonInterestBearingGrp

FieldValueIRS element (for citing)
BOY$332,215BOYAmt
EOY$868,474EOYAmt

Savings And Temp Cash Invst SavingsAndTempCashInvstGrp

FieldValueIRS element (for citing)
BOY$1,130,580BOYAmt
EOY$480,612EOYAmt

Accounts Receivable AccountsReceivableGrp

FieldValueIRS element (for citing)
EOY$154,686EOYAmt

Investments Pub Traded Sec InvestmentsPubTradedSecGrp

FieldValueIRS element (for citing)
BOY$9,839,151BOYAmt
EOY$9,270,994EOYAmt

Total Assets TotalAssetsGrp

FieldValueIRS element (for citing)
BOY$11,301,946BOYAmt
EOY$10,774,766EOYAmt

Accounts Payable Accr Expnss AccountsPayableAccrExpnssGrp

FieldValueIRS element (for citing)
BOY$2,250BOYAmt
EOY$37,177EOYAmt

Grants Payable GrantsPayableGrp

FieldValueIRS element (for citing)
BOY$141,713BOYAmt
EOY$147,207EOYAmt

Total Liabilities TotalLiabilitiesGrp

FieldValueIRS element (for citing)
BOY$143,963BOYAmt
EOY$184,384EOYAmt
FieldValueIRS element (for citing)
Organization Follows FASB117Yes (X)OrganizationFollowsFASB117Ind

No Donor Restriction Net Assets NoDonorRestrictionNetAssetsGrp

FieldValueIRS element (for citing)
BOY$1,408,217BOYAmt
EOY$1,836,732EOYAmt

Donor Restriction Net Assets DonorRestrictionNetAssetsGrp

FieldValueIRS element (for citing)
BOY$9,749,766BOYAmt
EOY$8,753,650EOYAmt

Total Net Assets Fund Balance TotalNetAssetsFundBalanceGrp

FieldValueIRS element (for citing)
BOY$11,157,983BOYAmt
EOY$10,590,382EOYAmt

Tot Liab Net Assets Fund Balance TotLiabNetAssetsFundBalanceGrp

FieldValueIRS element (for citing)
BOY$11,301,946BOYAmt
EOY$10,774,766EOYAmt
FieldValueIRS element (for citing)
Info In Schedule O Part XIYes (X)InfoInScheduleOPartXIInd
Reconcilation Revenue Expnss$388,160ReconcilationRevenueExpnssAmt
Net Unrlzd Gains Losses Invst-$955,761NetUnrlzdGainsLossesInvstAmt
Method Of Accounting AccrualYes (X)MethodOfAccountingAccrualInd
Accountant Compile Or ReviewfalseAccountantCompileOrReviewInd
FS AuditedYes (true)FSAuditedInd

FS Audited Basis FSAuditedBasisGrp

FieldValueIRS element (for citing)
Separate Basis Fincl StmtYes (X)SeparateBasisFinclStmtInd
FieldValueIRS element (for citing)
Audit CommitteeYes (true)AuditCommitteeInd
Federal Grant Audit RequiredfalseFederalGrantAuditRequiredInd

Schedule A IRS990ScheduleA

FieldValueIRS element (for citing)
Public Organization170Yes (X)PublicOrganization170Ind

Gifts Grants Contri Rcvd170 GiftsGrantsContriRcvd170Grp

FieldValueIRS element (for citing)
Current Tax Year Minus4 Years$3,711,530CurrentTaxYearMinus4YearsAmt
Current Tax Year Minus3 Years$4,648,411CurrentTaxYearMinus3YearsAmt
Current Tax Year Minus2 Years$4,440,155CurrentTaxYearMinus2YearsAmt
Current Tax Year Minus1 Year$4,627,298CurrentTaxYearMinus1YearAmt
Current Tax Year$7,806,549CurrentTaxYearAmt
Total$25,233,943TotalAmt

Total Calendar Year170 TotalCalendarYear170Grp

FieldValueIRS element (for citing)
Current Tax Year Minus4 Years$3,711,530CurrentTaxYearMinus4YearsAmt
Current Tax Year Minus3 Years$4,648,411CurrentTaxYearMinus3YearsAmt
Current Tax Year Minus2 Years$4,440,155CurrentTaxYearMinus2YearsAmt
Current Tax Year Minus1 Year$4,627,298CurrentTaxYearMinus1YearAmt
Current Tax Year$7,806,549CurrentTaxYearAmt
Total$25,233,943TotalAmt
FieldValueIRS element (for citing)
Substantial Contributors Tot$3,924,315SubstantialContributorsTotAmt
Public Support Total170$21,309,628PublicSupportTotal170Amt

Gross Investment Income170 GrossInvestmentIncome170Grp

FieldValueIRS element (for citing)
Current Tax Year Minus4 Years$289,327CurrentTaxYearMinus4YearsAmt
Current Tax Year Minus3 Years$297,758CurrentTaxYearMinus3YearsAmt
Current Tax Year Minus2 Years$291,235CurrentTaxYearMinus2YearsAmt
Current Tax Year Minus1 Year$272,678CurrentTaxYearMinus1YearAmt
Current Tax Year$281,547CurrentTaxYearAmt
Total$1,432,545TotalAmt
FieldValueIRS element (for citing)
Total Support$26,666,488TotalSupportAmt
Public Support CY1700.79910PublicSupportCY170Pct
Public Support PY1700.69740PublicSupportPY170Pct
Thirty Thr Pct Suprt Tests CY170Yes (X)ThirtyThrPctSuprtTestsCY170Ind

Schedule B IRS990ScheduleB

Contributor Information ContributorInformationGrp

FieldValueIRS element (for citing)
ContributorRESTRICTEDContributorNum

Contributor Business Name ContributorBusinessName

FieldValueIRS element (for citing)
Business Name Line1RESTRICTEDBusinessNameLine1

Contributor US Address ContributorUSAddress

FieldValueIRS element (for citing)
Address Line1RESTRICTEDAddressLine1
Address Line2RESTRICTEDAddressLine2
CityRESTRICTEDCity
StateRESTRICTEDState
ZIP CodeRESTRICTEDZIPCode
FieldValueIRS element (for citing)
Total ContributionsRESTRICTEDTotalContributionsAmt

Schedule D IRS990ScheduleD

CY Endwmt Fund CYEndwmtFundGrp

FieldValueIRS element (for citing)
Beginning Year Balance$9,742,766BeginningYearBalanceAmt
Investment Earnings Or Losses-$671,617InvestmentEarningsOrLossesAmt
Grants Or Scholarships$280,275GrantsOrScholarshipsAmt
Administrative Expenses$44,224AdministrativeExpensesAmt
End Year Balance$8,746,650EndYearBalanceAmt

CY Minus1 Yr Endwmt Fund CYMinus1YrEndwmtFundGrp

FieldValueIRS element (for citing)
Beginning Year Balance$7,521,725BeginningYearBalanceAmt
Investment Earnings Or Losses$2,597,004InvestmentEarningsOrLossesAmt
Grants Or Scholarships$335,856GrantsOrScholarshipsAmt
Administrative Expenses$40,107AdministrativeExpensesAmt
End Year Balance$9,742,766EndYearBalanceAmt

CY Minus2 Yr Endwmt Fund CYMinus2YrEndwmtFundGrp

FieldValueIRS element (for citing)
Beginning Year Balance$7,973,415BeginningYearBalanceAmt
Investment Earnings Or Losses-$95,052InvestmentEarningsOrLossesAmt
Grants Or Scholarships$323,993GrantsOrScholarshipsAmt
Administrative Expenses$32,645AdministrativeExpensesAmt
End Year Balance$7,521,725EndYearBalanceAmt

CY Minus3 Yr Endwmt Fund CYMinus3YrEndwmtFundGrp

FieldValueIRS element (for citing)
Beginning Year Balance$8,283,084BeginningYearBalanceAmt
Investment Earnings Or Losses$61,865InvestmentEarningsOrLossesAmt
Grants Or Scholarships$342,419GrantsOrScholarshipsAmt
Administrative Expenses$29,115AdministrativeExpensesAmt
End Year Balance$7,973,415EndYearBalanceAmt

CY Minus4 Yr Endwmt Fund CYMinus4YrEndwmtFundGrp

FieldValueIRS element (for citing)
Beginning Year Balance$8,124,204BeginningYearBalanceAmt
Investment Earnings Or Losses$636,648InvestmentEarningsOrLossesAmt
Grants Or Scholarships$448,416GrantsOrScholarshipsAmt
Administrative Expenses$29,352AdministrativeExpensesAmt
End Year Balance$8,283,084EndYearBalanceAmt
FieldValueIRS element (for citing)
Prmnnt Endowment Balance EOY0.32260PrmnntEndowmentBalanceEOYPct
Term Endowment Balance EOY0.67740TermEndowmentBalanceEOYPct
Endowments Held Unrelated OrgYes (true)EndowmentsHeldUnrelatedOrgInd
Endowments Held Related OrgfalseEndowmentsHeldRelatedOrgInd
Footnote TextYes (X)FootnoteTextInd
Total Rev Etc Audited Fincl Stmt$7,117,580TotalRevEtcAuditedFinclStmtAmt
Net Unrealized Gains Invst-$955,761NetUnrealizedGainsInvstAmt
Other Revenue$44,224OtherRevenueAmt
Revenue Not Reported-$911,537RevenueNotReportedAmt
Revenue Subtotal$8,029,117RevenueSubtotalAmt
Total Revenue Per Form990$8,029,117TotalRevenuePerForm990Amt
Tot Expns Etc Audited Fincl Stmt$7,685,181TotExpnsEtcAuditedFinclStmtAmt
Other Expenses Included$44,224OtherExpensesIncludedAmt
Expenses Not Reported$44,224ExpensesNotReportedAmt
Expenses Subtotal$7,640,957ExpensesSubtotalAmt
Total Expenses Per Form990$7,640,957TotalExpensesPerForm990Amt

Supplemental Information Detail SupplementalInformationDetail (4 entries)

Form And Line ReferenceFormAndLineReferenceDescExplanationExplanationTxt
SCHEDULE D, PAGE 2, PART V, LINE 4TO ADVANCE EDUCATION AND MAKE GRANTS FOR CHARITABLE AND EDUCATIONAL TO MCGILL UNIVERSITY
SCHEDULE D, PAGE 3, PART XTHE ORGANIZATION RECOGNIZES THE EFFECT OF INCOME TAX POSITIONS ONLY IF THOSE POSITIONS ARE MORE LIKELY THAN NOT OF BEING SUSTAINED. MANAGEMENT HAS DETERMINED THAT THEY HAD NO UNCERTAIN TAX POSITIONS THAT WOULD REQUIRE FINANCIAL STATEMENT RECOGNITION.
SCHEDULE D, PAGE 4, PART XI, LINE 2DADMINISTRATIVE FEES 44,224
SCHEDULE D, PAGE 4, PART XII, LINE 2DADMINISTRATIVE EXPENSES 44,224

Schedule F IRS990ScheduleF

FieldValueIRS element (for citing)
Grant Records MaintainedYes (true)GrantRecordsMaintainedInd

Account Activities Outside US AccountActivitiesOutsideUSGrp (2 entries)

RegionRegionTxtOfficesOfficesCntEmployeeEmployeeCntType Of Activities ConductedTypeOfActivitiesConductedTxtSpecific Services ProvidedSpecificServicesProvidedTxtRegion Total ExpendituresRegionTotalExpendituresAmt
NORTH AMERICA11GRANTMAKINGEDUCATION$7,448,805
NORTH AMERICA2GRANTMAKINGCHARITABLE$74,840
FieldValueIRS element (for citing)
Subtotal Offices3SubtotalOfficesCnt
Subtotal Employees1SubtotalEmployeesCnt
Total Office3TotalOfficeCnt
Total Employee1TotalEmployeeCnt
Subtotal Spent$7,523,645SubtotalSpentAmt
Total Spent$7,523,645TotalSpentAmt

Grants To Org Outside US GrantsToOrgOutsideUSGrp (11 entries)

RegionRegionTxtPurpose Of GrantPurposeOfGrantTxtCash GrantCashGrantAmtManner Of Cash DisbursementMannerOfCashDisbursementTxtValuation Method UsedValuationMethodUsedDesc
NORTH AMERICAPROGRAM SUPPORT$2,269,374WIRE TRANSFERBOOK
NORTH AMERICAFACULTY$1,333,465WIRE TRANSFERBOOK
NORTH AMERICAFACULTY OF MEDICINE$63,704WIRE TRANSFERBOOK
NORTH AMERICARESEARCH$164,147WIRE TRANSFERBOOK
NORTH AMERICALIBARIES$206,953CHECK/WIREBOOK
NORTH AMERICASTUDENT SUPPORT$2,119,519WIRE TRANSFERBOOK
NORTH AMERICAINFRASTRUCTURE$901,680WIRE TRANSFERBOOK
NORTH AMERICAEMERGING PRIORITIES$385,712WIRE TRANSFERBOOK
NORTH AMERICAGENERAL SUPPORT$25,000CHECKBOOK
NORTH AMERICAGENERAL SUPPORT$36,840CHECKBOOK
NORTH AMERICAGENERAL SUPPORT$13,000WIRE TRANSFERBOOK
FieldValueIRS element (for citing)
Total501c3 Org4Total501c3OrgCnt
Transfer To Foreign CorpfalseTransferToForeignCorpInd
Interest In Foreign TrustfalseInterestInForeignTrustInd
Foreign Corp OwnershipfalseForeignCorpOwnershipInd
Passive Foreign Investmest CofalsePassiveForeignInvestmestCoInd
Foreign PartnershipfalseForeignPartnershipInd
Boycott CountriesfalseBoycottCountriesInd

Supplemental Information Detail SupplementalInformationDetail (2 entries)

Form And Line ReferenceFormAndLineReferenceDescExplanationExplanationTxt
SCHEDULE F, PAGE 1, PART I, LINE 2THE FRIENDS OF MCGILL UNIVERSITY WAS ESTABLISHED TO AWARD GRANTS AND ASSISTANCE EXCLUSIVELY FOR CHARITABLE, SCIENTIFIC, EDUCATIONAL AND LITERARY ACTIVITIES, INCLUDING, BUT WITHOUT LIMITING THE GENERALITY OF THE FOREGOING: THE PROVIDING OF SCHOLARSHIPS TO ENABLE STUDENTS FROM THE UNITED STATES TO ATTEND MCGILL UNIVERSITY AND CANADIAN STUDENTS TO UNDERTAKE POST-GRADUATE STUDIES IN THE UNITED STATES. ALL GRANTS ARE APPROVED BY THE BOARD OF DIRECTORS. THE UNIVERSITY PRESENTS GRANT PROPOSALS TO THE ORGANZIATION FOR APPROVAL. THE GRANTS ARE MONITORED BY THE STAFF OF MCGILL UNIVERSITY. THEY ATTEND THE FRIENDS OF MCGILL UNIVERSITY'S BOARD MEETINGS AND REPORT THEIR ACTIVITIES AND ACCOMPLISHMENTS.
SCHEDULE F, PAGE 1, PART I, LINE 3NORTH AMERICA 7,448,805 0 NORTH AMERICA 74,840 0

Schedule G IRS990ScheduleG

Fundraising Event Information FundraisingEventInformationGrp

FieldValueIRS element (for citing)
Event1MCGILL THIRD CEEvent1Nm
Gross Receipts Event1$743,367GrossReceiptsEvent1Amt
Charitable Contri Event1$666,767CharitableContriEvent1Amt
Gross Revenue Event1$76,600GrossRevenueEvent1Amt
Food And Beverage Event1$94,364FoodAndBeverageEvent1Amt
Entertainment Event1$40,599EntertainmentEvent1Amt
Other Direct Expenses Event1$4,700OtherDirectExpensesEvent1Amt
Gross Receipts Total$743,367GrossReceiptsTotalAmt
Charitable Contributions Tot$666,767CharitableContributionsTotAmt
Gross Revenue Total Events$76,600GrossRevenueTotalEventsAmt
Food And Beverage Total Events$94,364FoodAndBeverageTotalEventsAmt
Entertainment Total Events$40,599EntertainmentTotalEventsAmt
Oth Direct Expnss Total Events$4,700OthDirectExpnssTotalEventsAmt
Direct Expense Summary Events$139,663DirectExpenseSummaryEventsAmt
Net Income Summary-$63,063NetIncomeSummaryAmt

Schedule M IRS990ScheduleM

Securities Publicly Traded SecuritiesPubliclyTradedGrp

FieldValueIRS element (for citing)
Non Cash CheckboxYes (X)NonCashCheckboxInd
Contribution5ContributionCnt
Noncash Contributions Rpt F990$926,514NoncashContributionsRptF990Amt
FieldValueIRS element (for citing)
Any Property That Must Be HeldfalseAnyPropertyThatMustBeHeldInd
Review Process Unusual NC GiftsYes (true)ReviewProcessUnusualNCGiftsInd
Third Parties UsedfalseThirdPartiesUsedInd

Schedule O IRS990ScheduleO

Supplemental Information Detail SupplementalInformationDetail (5 entries)

Form And Line ReferenceFormAndLineReferenceDescExplanationExplanationTxt
FORM 990, PART V, LINE 4BCANADA
FORM 990, PAGE 6, PART VI, LINE 11BA COPY OF THE ORGANIZATIONS FORM 990 WAS PROVIDED TO THE BOARD OF DIRECTORS VIA E MAIL.
FORM 990, PAGE 6, PART VI, LINE 12CANY DIRECTOR OR OFFICER HAVING AN INTEREST IN A CONTRACT OR ANY OTHER TRANSACTION PRESENTED TO THE BOARD FOR RECOMENDATION, AUTHORIZATION, APPROVAL OR RATIFACATION SHALL GIVE PROMPT, FULL AND FRANK DISCLOSURE OF THEIR INTEREST TO THE BOARD PRIOR TO BOARD ACTION ON THE PROPOSED ARRANGEMENT. ANY PERSON HAVING MADE A DISCLOSURE MAY MAKE A PRESENTATION AT A BOARD MEETING, BUT AFTER THE PRESENTATION, THEY SHALL LEAVE THE MEETING DURING THE DISCUSSION OF AND THE VOTE UPON THE ARRANGEMENT INVOLVING THE POTENTIAL CONFLICT OF INTEREST, AND SUCH PERSON MAY NOT BE COUNTED IN DETERMINING THE EXISTENCE OF A QUORUM. THE BOARD SHALL THEREUPON DETERMINE, BY MAJORITY VOTE, WHETHER THE DISCLOSURE INDICATES THAT A CONFLICT OF INTEREST EXISTS OR COULD REASONABLY BE CONSTRUED TO EXIST. IF THE BOARD DETERMINES THAT A CONFLICT OF INTEREST EXISTS OR COULD REASONABLY BE CONSTRUED TO EXIST, THE BOARD SHALL INVESTIGATE ALTERNATIVES TO THE PROPOSED ARRANGEMENT AND AFTER EXERCISING DUE DILIGENCE, THE BOARD SHALL DETERMINE WHETHER THE CORPORATION CAN OBTAIN WITH REASONABLE EFFORT A MORE ADVANTAGEOUS ARRANGEMENT. AFTER THAT, DUE DILIGENCE CONSISTENT WITH THE QUORUM REQUIREMENT IN THIS SECTION, THE BOARD SHALL DETERMINE BY A MAJORITY VOTE OF THE DISINTERESTED DIRECTORS WHETHER THE ARRANGEMENT IS IN THE CORPORATIONS BEST INTEREST, WHETHER IT IS FAIR AND REASONABLE TO THE CORPORATION, AND WHETHER TO ENTER INTO THE ARRANGEMENT OR SOME OTHER MORE ADVANTAGEOUS ARRANGEMENT. THE MINUTES OF THE MEETING SHALL REFLECT THE DISCLOSURE MADE, THE VOTE THEREON, THE ABSTENTION FROM VOTING AND PARTICIPATION BY NAME, THE CONTENT OF THE DISCUSSION, AND WHETHER THE REQUIRED QUORUM WAS PRESENT. IF THE BOARD DISCOVERS THAT AN INDIVIDUAL APPEARS TO HAVE FAILED TO MAKE ANY MANDATORY DISCLOSURE, THE BOARD SHALL UNDERTAKE APPROPRIATE DUE DILIGENCE INVESTIGATION AND ANY NECESSARY DISCIPLINARY AND CORRECTIVE ACTION. EACH DIRECTOR, OFFICER, EMPLOYEE AND COMMITTEE MEMBER SHALL ANNUALLY SIGN A STATEMENT THAT AFFIRMS THAT SUCH PERSON HAS RECEIVED A COPY OF THE CONFLICTS OF INTEREST POLICY, HAS READ AND UNDERSTANDS THE POLICY, AGREES TO COMPLY WITH THE POLICY, AND UNDERSTANDS THAT THE CORPORATION IS A CHARITABLE ORGANIZATION AND IN ORDER TO MAINTAIN ITS FEDERAL TAX EXEMPTION MUST ENGAGE PRIMARILY IN ACTIVITIES THAT ACCOMPLISH ONE OR MORE OF ITS TAX EXEMPT PURPOSES AND AVIOD PROHIBITED PRIVATE INUREMENT OF ITS ASSETS.
FORM 990, PAGE 6, PART VI, LINE 19DOCUMENTS ARE PROVIDED TO THE PUBLIC UPON WRITTEN REQUEST VIA US MAIL OR E-MAIL.
FORM 990, PART XI, LINE 9ADMINISTRATIVE FEES 44,224 ADMINISTRATIVE EXPENSES -44,224

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