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FRIENDS OF MCGILL UNIVERSITY INC: Form 990, tax year 2023

View the entire original 990 at ProPublica ↗

Organization
FRIENDS OF MCGILL UNIVERSITY INC (EIN 23-7054819)
Tax period
2023-06-01 to 2024-05-31
Filed
2025-02-12
IRS object ID
202510439349300926
Schema version
2023v6.0
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)
Return2025-02-12T11:15:23-05:00ReturnTs
Tax Period End2024-05-31TaxPeriodEndDt

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 TERRACEAddressLine1Txt
CityNEW ROCHELLECityNm
State AbbreviationNYStateAbbreviationCd
ZIP108044419ZIPCd
FieldValueIRS element (for citing)
Return Type990ReturnTypeCd
Tax Period Begin2023-06-01TaxPeriodBeginDt

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
Phone6177593539PhoneNum

US Address USAddress

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

Business Officer BusinessOfficerGrp

FieldValueIRS element (for citing)
PersonMARK TABORSKYPersonNm
Person TitleTREASURERPersonTitleTxt
Phone2129882772PhoneNum
Signature2024-12-20SignatureDt
Discuss With Paid PreparerYes (true)DiscussWithPaidPreparerInd
FieldValueIRS element (for citing)
IRS Responsible Prty Info CurrYes (true)IRSResponsiblePrtyInfoCurrInd

Preparer Person PreparerPersonGrp

FieldValueIRS element (for citing)
Preparer PersonMARY JANE PISANI CPAPreparerPersonNm
PTINP00544583PTIN
Phone9146326633PhoneNum
Preparation2025-02-12PreparationDt
FieldValueIRS element (for citing)
Tax2023TaxYr
Build TS2025-03-06 01:10:19ZBuildTS

Form 990 IRS990

FieldValueIRS element (for citing)
Principal OfficerMARK TABORSKYPrincipalOfficerNm

US Address USAddress

FieldValueIRS element (for citing)
Address Line127 WOODWORTH RDAddressLine1Txt
CityNEEDHAMCityNm
State AbbreviationMAStateAbbreviationCd
ZIP02492ZIPCd
FieldValueIRS element (for citing)
Gross Receipts$17,129,328GrossReceiptsAmt
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 Body12VotingMembersGoverningBodyCnt
Voting Members Independent12VotingMembersIndependentCnt
Total Employee0TotalEmployeeCnt
Total Gross UBI$0TotalGrossUBIAmt
PY Contributions Grants$4,509,848PYContributionsGrantsAmt
CY Contributions Grants$5,516,776CYContributionsGrantsAmt
CY Program Service Revenue$0CYProgramServiceRevenueAmt
PY Investment Income$275,277PYInvestmentIncomeAmt
CY Investment Income$426,974CYInvestmentIncomeAmt
CY Other Revenue$0CYOtherRevenueAmt
PY Total Revenue$4,785,125PYTotalRevenueAmt
CY Total Revenue$5,943,750CYTotalRevenueAmt
PY Grants And Similar Paid$5,192,122PYGrantsAndSimilarPaidAmt
CY Grants And Similar Paid$5,994,581CYGrantsAndSimilarPaidAmt
CY Benefits Paid To Members$0CYBenefitsPaidToMembersAmt
CY Salaries Comp Emp Bnft Paid$0CYSalariesCompEmpBnftPaidAmt
CY Total Prof Fndrsng Expns$0CYTotalProfFndrsngExpnsAmt
CY Total Fundraising Expense$0CYTotalFundraisingExpenseAmt
PY Other Expenses$45,326PYOtherExpensesAmt
CY Other Expenses$39,671CYOtherExpensesAmt
PY Total Expenses$5,237,448PYTotalExpensesAmt
CY Total Expenses$6,034,252CYTotalExpensesAmt
PY Revenues Less Expenses-$452,323PYRevenuesLessExpensesAmt
CY Revenues Less Expenses-$90,502CYRevenuesLessExpensesAmt
Total Assets BOY$10,003,672TotalAssetsBOYAmt
Total Assets EOY$10,668,131TotalAssetsEOYAmt
Total Liabilities BOY$152,815TotalLiabilitiesBOYAmt
Total Liabilities EOY$149,303TotalLiabilitiesEOYAmt
Net Assets Or Fund Balances BOY$9,850,857NetAssetsOrFundBalancesBOYAmt
Net Assets Or Fund Balances EOY$10,518,828NetAssetsOrFundBalancesEOYAmt
MissionTO ADVANCE EDUCATION AND MAKE GRANTS FOR CHARITABLE AND EDUCATIONAL PURPOSESMissionDesc
Significant New Program SrvcfalseSignificantNewProgramSrvcInd
Significant ChangefalseSignificantChangeInd
Expense$5,883,448ExpenseAmt
Grant$5,883,448GrantAmt
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$111,133ExpenseAmt
Grant$111,133GrantAmt
DescDONATIONS OF 33,440 TO MONTREAL GENERAL HOSPITAL FOUNDATION 54,693 TO MONTREAL CHILDREN'S HOSPITAL FOUNDATION AND 23,000 TO THE CEDAR CANCER INSTITUTE GIVEN FOR CHARITABLE PURPOSES.Desc
FieldValueIRS element (for citing)
Total Program Service Expenses$5,994,581TotalProgramServiceExpensesAmt
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 ActivitiesfalseFundraisingActivitiesInd
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 Document1IRPDocumentCnt
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 Members12GoverningBodyVotingMembersCnt
Independent Voting Member12IndependentVotingMemberCnt
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 BodyfalseForm990ProvidedToGvrnBodyInd
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 (12 entries)

TitleTitleTxtAverage Hours Per WeekAverageHoursPerWeekRtOfficerOfficerIndReportable Comp From OrgReportableCompFromOrgAmtReportable Comp From Rltd OrgReportableCompFromRltdOrgAmtOther CompensationOtherCompensationAmtIndividual Trustee Or DirectorIndividualTrusteeOrDirectorInd
HAROLD J TRISCHMAN
PRESIDENT5.00Yes (X)$0$0$0
JORDAN WAXMAN
VICE PRESIDE1.00Yes (X)$0$0$0
MARK TABORSKY
TREASURER5.00Yes (X)$0$0$0
DAVID C MCCUTCHEON
ASST TREASUR1.00Yes (X)$0$0$0
ANTON ANGELICH
SECRETARY4.00Yes (X)$0$0$0
DIANA M GALER
DIRECTOR1.00$0$0$0Yes (X)
MARGARET GILLIAM
DIRECTOR1.00$0$0$0Yes (X)
DR JOHANNE KAPLAN
DIRECTOR1.00$0$0$0Yes (X)
ASHWIN MAHABALESWARA
DIRECTOR1.00$0$0$0Yes (X)
DILSHAD MAROLIA
DIRECTOR1.00$0$0$0Yes (X)
PIERRE MICHAEL PETTIGREW
DIRECTOR1.00$0$0$0Yes (X)
YANXI TAN CAIN
DIRECTOR1.00$0$0$0Yes (X)
FieldValueIRS element (for citing)
Former Ofcr Employees ListedfalseFormerOfcrEmployeesListedInd
Total Comp Greater Than150 KfalseTotalCompGreaterThan150KInd
Compensation From Other SrcsfalseCompensationFromOtherSrcsInd
All Other Contributions$5,516,776AllOtherContributionsAmt
Noncash Contributions$185,108NoncashContributionsAmt
Total Contributions$5,516,776TotalContributionsAmt

Investment Income InvestmentIncomeGrp

FieldValueIRS element (for citing)
Total Revenue Column$402,528TotalRevenueColumnAmt
Exclusion$402,528ExclusionAmt

Gross Amount Sales Assets GrossAmountSalesAssetsGrp

FieldValueIRS element (for citing)
Securities$11,210,024SecuritiesAmt

Less Cost Oth Basis Sales Expnss LessCostOthBasisSalesExpnssGrp

FieldValueIRS element (for citing)
Securities$11,185,578SecuritiesAmt

Gain Or Loss GainOrLossGrp

FieldValueIRS element (for citing)
Securities$24,446SecuritiesAmt

Net Gain Or Loss Investments NetGainOrLossInvestmentsGrp

FieldValueIRS element (for citing)
Total Revenue Column$24,446TotalRevenueColumnAmt
Related Or Exempt Func Income$24,446RelatedOrExemptFuncIncomeAmt

Total Revenue TotalRevenueGrp

FieldValueIRS element (for citing)
Total Revenue Column$5,943,750TotalRevenueColumnAmt
Related Or Exempt Func Income$24,446RelatedOrExemptFuncIncomeAmt
Exclusion$402,528ExclusionAmt

Foreign Grants ForeignGrantsGrp

FieldValueIRS element (for citing)
Total$5,994,581TotalAmt
Program Services$5,994,581ProgramServicesAmt

Fees For Services Legal FeesForServicesLegalGrp

FieldValueIRS element (for citing)
Total$1,215TotalAmt
Management And General$1,215ManagementAndGeneralAmt

Fees For Services Accounting FeesForServicesAccountingGrp

FieldValueIRS element (for citing)
Total$32,200TotalAmt
Management And General$32,200ManagementAndGeneralAmt

Office Expenses OfficeExpensesGrp

FieldValueIRS element (for citing)
Total$313TotalAmt
Management And General$313ManagementAndGeneralAmt

Conferences Meetings ConferencesMeetingsGrp

FieldValueIRS element (for citing)
Total$861TotalAmt
Management And General$861ManagementAndGeneralAmt

Insurance InsuranceGrp

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

Other Expenses OtherExpensesGrp (3 entries)

DescDescTotalTotalAmtManagement And GeneralManagementAndGeneralAmt
BANK CHARGES$1,895$1,895
LICENSES AND FEES$429$429
BROKERAGE FEES$330$330

Total Functional Expenses TotalFunctionalExpensesGrp

FieldValueIRS element (for citing)
Total$6,034,252TotalAmt
Program Services$5,994,581ProgramServicesAmt
Management And General$39,671ManagementAndGeneralAmt
Fundraising$0FundraisingAmt

Cash Non Interest Bearing CashNonInterestBearingGrp

FieldValueIRS element (for citing)
BOY$154,895BOYAmt
EOY$203,779EOYAmt

Savings And Temp Cash Invst SavingsAndTempCashInvstGrp

FieldValueIRS element (for citing)
BOY$215,913BOYAmt
EOY$135,205EOYAmt

Investments Pub Traded Sec InvestmentsPubTradedSecGrp

FieldValueIRS element (for citing)
BOY$9,632,864BOYAmt
EOY$10,329,147EOYAmt

Total Assets TotalAssetsGrp

FieldValueIRS element (for citing)
BOY$10,003,672BOYAmt
EOY$10,668,131EOYAmt

Accounts Payable Accr Expnss AccountsPayableAccrExpnssGrp

FieldValueIRS element (for citing)
BOY$3,270BOYAmt
EOY$3,000EOYAmt

Grants Payable GrantsPayableGrp

FieldValueIRS element (for citing)
BOY$149,545BOYAmt
EOY$146,303EOYAmt

Total Liabilities TotalLiabilitiesGrp

FieldValueIRS element (for citing)
BOY$152,815BOYAmt
EOY$149,303EOYAmt
FieldValueIRS element (for citing)
Organization Follows FASB117Yes (X)OrganizationFollowsFASB117Ind

No Donor Restriction Net Assets NoDonorRestrictionNetAssetsGrp

FieldValueIRS element (for citing)
BOY$1,593,720BOYAmt
EOY$1,596,095EOYAmt

Donor Restriction Net Assets DonorRestrictionNetAssetsGrp

FieldValueIRS element (for citing)
BOY$8,257,137BOYAmt
EOY$8,922,733EOYAmt

Total Net Assets Fund Balance TotalNetAssetsFundBalanceGrp

FieldValueIRS element (for citing)
BOY$9,850,857BOYAmt
EOY$10,518,828EOYAmt

Tot Liab Net Assets Fund Balance TotLiabNetAssetsFundBalanceGrp

FieldValueIRS element (for citing)
BOY$10,003,672BOYAmt
EOY$10,668,131EOYAmt
FieldValueIRS element (for citing)
Info In Schedule O Part XIYes (X)InfoInScheduleOPartXIInd
Reconcilation Revenue Expnss-$90,502ReconcilationRevenueExpnssAmt
Net Unrlzd Gains Losses Invst$758,473NetUnrlzdGainsLossesInvstAmt
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$4,440,155CurrentTaxYearMinus4YearsAmt
Current Tax Year Minus3 Years$4,627,298CurrentTaxYearMinus3YearsAmt
Current Tax Year Minus2 Years$7,806,549CurrentTaxYearMinus2YearsAmt
Current Tax Year Minus1 Year$4,509,848CurrentTaxYearMinus1YearAmt
Current Tax Year$5,516,776CurrentTaxYearAmt
Total$26,900,626TotalAmt

Total Calendar Year170 TotalCalendarYear170Grp

FieldValueIRS element (for citing)
Current Tax Year Minus4 Years$4,440,155CurrentTaxYearMinus4YearsAmt
Current Tax Year Minus3 Years$4,627,298CurrentTaxYearMinus3YearsAmt
Current Tax Year Minus2 Years$7,806,549CurrentTaxYearMinus2YearsAmt
Current Tax Year Minus1 Year$4,509,848CurrentTaxYearMinus1YearAmt
Current Tax Year$5,516,776CurrentTaxYearAmt
Total$26,900,626TotalAmt
FieldValueIRS element (for citing)
Substantial Contributors Tot$1,586,577SubstantialContributorsTotAmt
Public Support Total170$25,314,049PublicSupportTotal170Amt

Gross Investment Income170 GrossInvestmentIncome170Grp

FieldValueIRS element (for citing)
Current Tax Year Minus4 Years$291,235CurrentTaxYearMinus4YearsAmt
Current Tax Year Minus3 Years$272,678CurrentTaxYearMinus3YearsAmt
Current Tax Year Minus2 Years$281,547CurrentTaxYearMinus2YearsAmt
Current Tax Year Minus1 Year$290,807CurrentTaxYearMinus1YearAmt
Current Tax Year$402,528CurrentTaxYearAmt
Total$1,538,795TotalAmt
FieldValueIRS element (for citing)
Total Support$28,439,421TotalSupportAmt
Public Support CY1700.89010PublicSupportCY170Pct
Public Support PY1700.86830PublicSupportPY170Pct
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$8,250,137BeginningYearBalanceAmt
Contributions$500,000ContributionsAmt
Investment Earnings Or Losses$1,073,741InvestmentEarningsOrLossesAmt
Grants Or Scholarships$321,684GrantsOrScholarshipsAmt
Administrative Expenses$39,819AdministrativeExpensesAmt
End Year Balance$9,462,375EndYearBalanceAmt

CY Minus1 Yr Endwmt Fund CYMinus1YrEndwmtFundGrp

FieldValueIRS element (for citing)
Beginning Year Balance$8,746,650BeginningYearBalanceAmt
Investment Earnings Or Losses-$59,240InvestmentEarningsOrLossesAmt
Grants Or Scholarships$401,259GrantsOrScholarshipsAmt
Administrative Expenses$36,014AdministrativeExpensesAmt
End Year Balance$8,250,137EndYearBalanceAmt

CY Minus2 Yr Endwmt Fund CYMinus2YrEndwmtFundGrp

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 Minus3 Yr Endwmt Fund CYMinus3YrEndwmtFundGrp

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 Minus4 Yr Endwmt Fund CYMinus4YrEndwmtFundGrp

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
FieldValueIRS element (for citing)
Board Designated Balance EOY0.05780BoardDesignatedBalanceEOYPct
Prmnnt Endowment Balance EOY0.29820PrmnntEndowmentBalanceEOYPct
Term Endowment Balance EOY0.64400TermEndowmentBalanceEOYPct
Endowments Held Unrelated OrgYes (true)EndowmentsHeldUnrelatedOrgInd
Endowments Held Related OrgfalseEndowmentsHeldRelatedOrgInd
Footnote TextYes (X)FootnoteTextInd
Total Rev Etc Audited Fincl Stmt$6,742,042TotalRevEtcAuditedFinclStmtAmt
Net Unrealized Gains Invst$758,473NetUnrealizedGainsInvstAmt
Other Revenue$39,819OtherRevenueAmt
Revenue Not Reported$798,292RevenueNotReportedAmt
Revenue Subtotal$5,943,750RevenueSubtotalAmt
Total Revenue Per Form990$5,943,750TotalRevenuePerForm990Amt
Tot Expns Etc Audited Fincl Stmt$6,074,071TotExpnsEtcAuditedFinclStmtAmt
Other Expenses Included$39,819OtherExpensesIncludedAmt
Expenses Not Reported$39,819ExpensesNotReportedAmt
Expenses Subtotal$6,034,252ExpensesSubtotalAmt
Total Expenses Per Form990$6,034,252TotalExpensesPerForm990Amt

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 OR DISCLOSURE
SCHEDULE D, PAGE 4, PART XI, LINE 2DADMINISTRATIVE FEES 39,819
SCHEDULE D, PAGE 4, PART XII, LINE 2DADMINISTRATIVE EXPENSES 39,819

Schedule F IRS990ScheduleF

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

Account Activities Outside US AccountActivitiesOutsideUSGrp (3 entries)

RegionRegionTxtOfficesOfficesCntType Of Activities ConductedTypeOfActivitiesConductedTxtSpecific Services ProvidedSpecificServicesProvidedTxtRegion Total ExpendituresRegionTotalExpendituresAmt
NORTH AMERICA1GRANTMAKINGEDUCATION$5,883,448
NORTH AMERICAGRANTMAKINGCHARITABLE$111,133
NORTH AMERICAINVESTMENTS$5,749,412
FieldValueIRS element (for citing)
Subtotal Offices1SubtotalOfficesCnt
Total Office1TotalOfficeCnt
Subtotal Spent$11,743,993SubtotalSpentAmt
Total Spent$11,743,993TotalSpentAmt

Grants To Org Outside US GrantsToOrgOutsideUSGrp (11 entries)

RegionRegionTxtPurpose Of GrantPurposeOfGrantTxtCash GrantCashGrantAmtManner Of Cash DisbursementMannerOfCashDisbursementTxtValuation Method UsedValuationMethodUsedDesc
NORTH AMERICAPROGRAM SUPPORT$1,342,857WIRE TRANSFERBOOK
NORTH AMERICAFACULTY$40,700WIRE TRANSFERBOOK
NORTH AMERICAFACULTY OF MEDICINE$60,317WIRE TRANSFERBOOK
NORTH AMERICARESEARCH$1,906,018WIRE TRANSFERBOOK
NORTH AMERICALIBARIES$203,026WIRE TRANSFERBOOK
NORTH AMERICASTUDENT SUPPORT$1,730,014WIRE TRANSFERBOOK
NORTH AMERICAINFRASTRUCTURE$211,533WIRE TRANSFERBOOK
NORTH AMERICAEMERGING PRIORITIES$388,983WIRE TRANSFERBOOK
NORTH AMERICAGENERAL SUPPORT$33,440WIRE TRANSFERBOOK
NORTH AMERICAGENERAL SUPPORT$23,000WIRE TRANSFERBOOK
NORTH AMERICAGENERAL SUPPORT$54,693WIRE 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 5,883,448 0 NORTH AMERICA 111,133 0 NORTH AMERICA 0 5,749,412

Schedule M IRS990ScheduleM

Securities Publicly Traded SecuritiesPubliclyTradedGrp

FieldValueIRS element (for citing)
Non Cash CheckboxYes (X)NonCashCheckboxInd
Contribution1ContributionCnt
Noncash Contributions Rpt F990$185,108NoncashContributionsRptF990Amt
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 39,819 ADMINISTRATIVE EXPENSES -39,819

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