BETA

FRIENDS OF MCGILL UNIVERSITY INC: Form 990, tax year 2015

View the entire original 990 at ProPublica ↗

Organization
FRIENDS OF MCGILL UNIVERSITY INC (EIN 23-7054819)
Tax period
2015-06-01 to 2016-05-31
Filed
2016-12-15
IRS object ID
201633509349301083
Schema version
2015v2.1
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)
Return2016-12-15T16:05:47-05:00ReturnTs
Tax Period End2016-05-31TaxPeriodEndDt

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 Line12 HAMILTON AVE STE 211AddressLine1Txt
CityNEW ROCHELLECityNm
State AbbreviationNYStateAbbreviationCd
ZIP108013523ZIPCd
FieldValueIRS element (for citing)
Return Type990ReturnTypeCd
Tax Period Begin2015-06-01TaxPeriodBeginDt

Filer Filer

FieldValueIRS element (for citing)
EIN237054819EIN

Business Name BusinessName

FieldValueIRS element (for citing)
Business Name Line1FRIENDS OF MCGILL UNIVERSITYINCBusinessNameLine1Txt
FieldValueIRS element (for citing)
Business Name ControlFRIEBusinessNameControlTxt
Phone2129882772PhoneNum

US Address USAddress

FieldValueIRS element (for citing)
Address Line12 HAMILTON AVENUE STE 211AddressLine1Txt
CityNEW ROCHELLECityNm
State AbbreviationNYStateAbbreviationCd
ZIP10801ZIPCd

Business Officer BusinessOfficerGrp

FieldValueIRS element (for citing)
PersonDAVID C MCCUTCHEONPersonNm
Person TitleVICE-PRES/TREASURERPersonTitleTxt
Phone2129882772PhoneNum
Signature2016-11-10SignatureDt
Discuss With Paid PreparerYes (true)DiscussWithPaidPreparerInd

Preparer Person PreparerPersonGrp

FieldValueIRS element (for citing)
Preparer PersonMARY JANE PISANI CPAPreparerPersonNm
PTINP00544583PTIN
Phone9146326633PhoneNum
Preparation2016-11-29PreparationDt
FieldValueIRS element (for citing)
Tax2015TaxYr
Build TS2017-02-10 21:41:12ZBuildTS

Form 990 IRS990

FieldValueIRS element (for citing)
Principal OfficerDAVID C MCCUTCHEONPrincipalOfficerNm

US Address USAddress

FieldValueIRS element (for citing)
Address Line1155 EAST 72ND STREETAddressLine1Txt
Address Line2APT 9BAddressLine2Txt
CityNEW YORKCityNm
State AbbreviationNYStateAbbreviationCd
ZIP100214371ZIPCd
FieldValueIRS element (for citing)
Gross Receipts$3,297,376GrossReceiptsAmt
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 Body14VotingMembersGoverningBodyCnt
Voting Members Independent14VotingMembersIndependentCnt
Total Employee0TotalEmployeeCnt
Total Gross UBI$0TotalGrossUBIAmt
PY Contributions Grants$2,246,274PYContributionsGrantsAmt
CY Contributions Grants$2,429,507CYContributionsGrantsAmt
CY Program Service Revenue$0CYProgramServiceRevenueAmt
PY Investment Income$280,334PYInvestmentIncomeAmt
CY Investment Income$252,492CYInvestmentIncomeAmt
CY Other Revenue$0CYOtherRevenueAmt
PY Total Revenue$2,526,608PYTotalRevenueAmt
CY Total Revenue$2,681,999CYTotalRevenueAmt
PY Grants And Similar Paid$2,822,045PYGrantsAndSimilarPaidAmt
CY Grants And Similar Paid$2,686,382CYGrantsAndSimilarPaidAmt
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$34,024PYOtherExpensesAmt
CY Other Expenses$31,886CYOtherExpensesAmt
PY Total Expenses$2,856,069PYTotalExpensesAmt
CY Total Expenses$2,718,268CYTotalExpensesAmt
PY Revenues Less Expenses-$329,461PYRevenuesLessExpensesAmt
CY Revenues Less Expenses-$36,269CYRevenuesLessExpensesAmt
Total Assets BOY$9,823,584TotalAssetsBOYAmt
Total Assets EOY$8,043,693TotalAssetsEOYAmt
Total Liabilities BOY$1,366,616TotalLiabilitiesBOYAmt
Total Liabilities EOY$144,515TotalLiabilitiesEOYAmt
Net Assets Or Fund Balances BOY$8,456,968NetAssetsOrFundBalancesBOYAmt
Net Assets Or Fund Balances EOY$7,899,178NetAssetsOrFundBalancesEOYAmt
MissionTO ADVANCE EDUCATION AND MAKE GRANTS FOR CHARITABLE AND EDUCATIONAL PURPOSESMissionDesc
Significant New Program SrvcfalseSignificantNewProgramSrvcInd
Significant ChangefalseSignificantChangeInd
Expense$2,665,382ExpenseAmt
Grant$2,665,382GrantAmt
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$21,000ExpenseAmt
Grant$21,000GrantAmt
DescDONATIONS OF 20,000 TO CEDAR CANCER INSTITUTE AND 1,000 TO MONTREAL GENERAL HOSPITAL GIVEN FOR CHARITABLE PURPOSESDesc
FieldValueIRS element (for citing)
Total Program Service Expenses$2,686,382TotalProgramServiceExpensesAmt
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 ArtYes (true)CollectionsOfArtInd
Credit CounselingfalseCreditCounselingInd
Temp Or Permanent EndowmentsYes (true)TempOrPermanentEndowmentsInd
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 With Officer EntfalseBusinessRlnWithOfficerEntInd
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
Info In Schedule O Part VIYes (X)InfoInScheduleOPartVIInd
Governing Body Voting Members14GoverningBodyVotingMembersCnt
Independent Voting Member14IndependentVotingMemberCnt
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 Line12 HAMILTON AVENUEAddressLine1Txt
Address Line2SUITE 211AddressLine2Txt
CityNEW ROCHELLECityNm
State AbbreviationNYStateAbbreviationCd
ZIP10801ZIPCd
FieldValueIRS element (for citing)
No Listed Persons CompensatedYes (X)NoListedPersonsCompensatedInd

Form990 Part VII Section A Form990PartVIISectionAGrp (14 entries)

TitleTitleTxtAverage Hours Per WeekAverageHoursPerWeekRtIndividual Trustee Or DirectorIndividualTrusteeOrDirectorIndReportable Comp From OrgReportableCompFromOrgAmtReportable Comp From Rltd OrgReportableCompFromRltdOrgAmtOther CompensationOtherCompensationAmtOfficerOfficerInd
ARTHUR L COLEMAN III
DIRECTOR1.00Yes (X)$0$0$0
ELI EINBINDER
DIRECTOR1.00Yes (X)$0$0$0
MARGARET GILLIAM
DIRECTOR1.00Yes (X)$0$0$0
R VANCE WARD
DIRECTOR1.00Yes (X)$0$0$0
DIANA M GALER
DIRECTOR1.00Yes (X)$0$0$0
LISA MEGEASKI
DIRECTOR1.00Yes (X)$0$0$0
PATRIZIA CAVAZZONI
DIRECTOR1.00Yes (X)$0$0$0
MITCHELL SCHERZER
DIRECTOR1.00Yes (X)$0$0$0
JORDAN WAXMAN
DIRECTOR1.00Yes (X)$0$0$0
MARK ALBERT HANTHO
PRESIDENT1.00$0$0$0Yes (X)
ANTON ANGELICH
SECRETARY1.00$0$0$0Yes (X)
DAVID C MCCUTCHEON
VICE-PRES/TR7.00$0$0$0Yes (X)
MARC-ANDRE CHIFFERT
ASST SECRETA1.00$0$0$0Yes (X)
GEORGE G MARINI
ASST TREASUR3.00$0$0$0Yes (X)
FieldValueIRS element (for citing)
Former Ofcr Employees ListedfalseFormerOfcrEmployeesListedInd
Total Comp Greater Than150 KfalseTotalCompGreaterThan150KInd
Compensation From Other SrcsfalseCompensationFromOtherSrcsInd
All Other Contributions$2,429,507AllOtherContributionsAmt
Noncash Contributions$448,645NoncashContributionsAmt
Total Contributions$2,429,507TotalContributionsAmt

Investment Income InvestmentIncomeGrp

FieldValueIRS element (for citing)
Total Revenue Column$252,131TotalRevenueColumnAmt
Exclusion$252,131ExclusionAmt

Gross Amount Sales Assets GrossAmountSalesAssetsGrp

FieldValueIRS element (for citing)
Securities$615,738SecuritiesAmt

Less Cost Oth Basis Sales Expnss LessCostOthBasisSalesExpnssGrp

FieldValueIRS element (for citing)
Securities$615,377SecuritiesAmt

Gain Or Loss GainOrLossGrp

FieldValueIRS element (for citing)
Securities$361SecuritiesAmt

Net Gain Or Loss Investments NetGainOrLossInvestmentsGrp

FieldValueIRS element (for citing)
Total Revenue Column$361TotalRevenueColumnAmt
Related Or Exempt Func Income$361RelatedOrExemptFuncIncomeAmt

Total Revenue TotalRevenueGrp

FieldValueIRS element (for citing)
Total Revenue Column$2,681,999TotalRevenueColumnAmt
Related Or Exempt Func Income$361RelatedOrExemptFuncIncomeAmt
Exclusion$252,131ExclusionAmt

Foreign Grants ForeignGrantsGrp

FieldValueIRS element (for citing)
Total$2,686,382TotalAmt
Program Services$2,686,382ProgramServicesAmt

Fees For Services Legal FeesForServicesLegalGrp

FieldValueIRS element (for citing)
Total$3,781TotalAmt
Management And General$3,781ManagementAndGeneralAmt

Fees For Services Accounting FeesForServicesAccountingGrp

FieldValueIRS element (for citing)
Total$22,250TotalAmt
Management And General$22,250ManagementAndGeneralAmt

Conferences Meetings ConferencesMeetingsGrp

FieldValueIRS element (for citing)
Total$1,954TotalAmt
Management And General$1,954ManagementAndGeneralAmt

Insurance InsuranceGrp

FieldValueIRS element (for citing)
Total$1,771TotalAmt
Management And General$1,771ManagementAndGeneralAmt

Other Expenses OtherExpensesGrp (2 entries)

DescDescTotalTotalAmtManagement And GeneralManagementAndGeneralAmt
BANK CHARGES$1,855$1,855
LICENSES AND FEES$275$275

Total Functional Expenses TotalFunctionalExpensesGrp

FieldValueIRS element (for citing)
Total$2,718,268TotalAmt
Program Services$2,686,382ProgramServicesAmt
Management And General$31,886ManagementAndGeneralAmt
Fundraising$0FundraisingAmt

Cash Non Interest Bearing CashNonInterestBearingGrp

FieldValueIRS element (for citing)
BOY$711,053BOYAmt
EOY$177,115EOYAmt

Savings And Temp Cash Invst SavingsAndTempCashInvstGrp

FieldValueIRS element (for citing)
BOY$743,221BOYAmt
EOY$119,825EOYAmt

Investments Pub Traded Sec InvestmentsPubTradedSecGrp

FieldValueIRS element (for citing)
BOY$8,368,560BOYAmt
EOY$7,746,003EOYAmt

Other Assets Total OtherAssetsTotalGrp

FieldValueIRS element (for citing)
BOY$750BOYAmt
EOY$750EOYAmt

Total Assets TotalAssetsGrp

FieldValueIRS element (for citing)
BOY$9,823,584BOYAmt
EOY$8,043,693EOYAmt

Accounts Payable Accr Expnss AccountsPayableAccrExpnssGrp

FieldValueIRS element (for citing)
BOY$4,221BOYAmt
EOY$4,359EOYAmt

Grants Payable GrantsPayableGrp

FieldValueIRS element (for citing)
BOY$1,362,395BOYAmt
EOY$140,156EOYAmt

Total Liabilities TotalLiabilitiesGrp

FieldValueIRS element (for citing)
BOY$1,366,616BOYAmt
EOY$144,515EOYAmt
FieldValueIRS element (for citing)
Organization Follows SFAS117Yes (X)OrganizationFollowsSFAS117Ind

Unrestricted Net Assets UnrestrictedNetAssetsGrp

FieldValueIRS element (for citing)
BOY$219,445BOYAmt
EOY$284,214EOYAmt

Temporarily Rstr Net Assets TemporarilyRstrNetAssetsGrp

FieldValueIRS element (for citing)
BOY$5,316,096BOYAmt
EOY$4,693,537EOYAmt

Permanently Rstr Net Assets PermanentlyRstrNetAssetsGrp

FieldValueIRS element (for citing)
BOY$2,921,427BOYAmt
EOY$2,921,427EOYAmt

Total Net Assets Fund Balance TotalNetAssetsFundBalanceGrp

FieldValueIRS element (for citing)
BOY$8,456,968BOYAmt
EOY$7,899,178EOYAmt

Tot Liab Net Assets Fund Balance TotLiabNetAssetsFundBalanceGrp

FieldValueIRS element (for citing)
BOY$9,823,584BOYAmt
EOY$8,043,693EOYAmt
FieldValueIRS element (for citing)
Reconcilation Revenue Expnss-$36,269ReconcilationRevenueExpnssAmt
Net Unrlzd Gains Losses Invst-$521,521NetUnrlzdGainsLossesInvstAmt
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$2,196,616CurrentTaxYearMinus4YearsAmt
Current Tax Year Minus3 Years$1,810,377CurrentTaxYearMinus3YearsAmt
Current Tax Year Minus2 Years$1,678,427CurrentTaxYearMinus2YearsAmt
Current Tax Year Minus1 Year$2,246,274CurrentTaxYearMinus1YearAmt
Current Tax Year$2,429,507CurrentTaxYearAmt
Total$10,361,201TotalAmt

Total Calendar Year170 TotalCalendarYear170Grp

FieldValueIRS element (for citing)
Current Tax Year Minus4 Years$2,196,616CurrentTaxYearMinus4YearsAmt
Current Tax Year Minus3 Years$1,810,377CurrentTaxYearMinus3YearsAmt
Current Tax Year Minus2 Years$1,678,427CurrentTaxYearMinus2YearsAmt
Current Tax Year Minus1 Year$2,246,274CurrentTaxYearMinus1YearAmt
Current Tax Year$2,429,507CurrentTaxYearAmt
Total$10,361,201TotalAmt
FieldValueIRS element (for citing)
Substantial Contributors Tot$4,669,460SubstantialContributorsTotAmt
Public Support Total170$5,691,741PublicSupportTotal170Amt

Gross Investment Income170 GrossInvestmentIncome170Grp

FieldValueIRS element (for citing)
Current Tax Year Minus4 Years$304,424CurrentTaxYearMinus4YearsAmt
Current Tax Year Minus3 Years$283,907CurrentTaxYearMinus3YearsAmt
Current Tax Year Minus2 Years$259,212CurrentTaxYearMinus2YearsAmt
Current Tax Year Minus1 Year$258,488CurrentTaxYearMinus1YearAmt
Current Tax Year$252,131CurrentTaxYearAmt
Total$1,358,162TotalAmt
FieldValueIRS element (for citing)
Total Support$11,719,363TotalSupportAmt
Public Support CY1700.48570PublicSupportCY170Pct
Public Support PY1700.48210PublicSupportPY170Pct
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

FieldValueIRS element (for citing)
Collection Used Pub ExhibitionYes (X)CollectionUsedPubExhibitionInd
Coll Used Scholarly RsrchYes (X)CollUsedScholarlyRsrchInd
Collection Used PreservationYes (X)CollectionUsedPreservationInd
Coll Used Loan Or Exch ProgYes (X)CollUsedLoanOrExchProgInd
Solicited Assets SalefalseSolicitedAssetsSaleInd

CY Endwmt Fund CYEndwmtFundGrp

FieldValueIRS element (for citing)
Beginning Year Balance$8,237,523BeginningYearBalanceAmt
Investment Earnings Or Losses-$272,138InvestmentEarningsOrLossesAmt
Grants Or Scholarships$325,991GrantsOrScholarshipsAmt
Administrative Expenses$26,430AdministrativeExpensesAmt
End Year Balance$7,612,964EndYearBalanceAmt

CY Minus1 Yr Endwmt Fund CYMinus1YrEndwmtFundGrp

FieldValueIRS element (for citing)
Beginning Year Balance$8,545,198BeginningYearBalanceAmt
Investment Earnings Or Losses$41,612InvestmentEarningsOrLossesAmt
Grants Or Scholarships$321,395GrantsOrScholarshipsAmt
Administrative Expenses$27,892AdministrativeExpensesAmt
End Year Balance$8,237,523EndYearBalanceAmt

CY Minus2 Yr Endwmt Fund CYMinus2YrEndwmtFundGrp

FieldValueIRS element (for citing)
Beginning Year Balance$8,253,093BeginningYearBalanceAmt
Investment Earnings Or Losses$987,214InvestmentEarningsOrLossesAmt
Grants Or Scholarships$668,592GrantsOrScholarshipsAmt
Administrative Expenses$26,517AdministrativeExpensesAmt
End Year Balance$8,545,198EndYearBalanceAmt

CY Minus3 Yr Endwmt Fund CYMinus3YrEndwmtFundGrp

FieldValueIRS element (for citing)
Beginning Year Balance$7,902,491BeginningYearBalanceAmt
Investment Earnings Or Losses$719,471InvestmentEarningsOrLossesAmt
Grants Or Scholarships$345,140GrantsOrScholarshipsAmt
Administrative Expenses$23,729AdministrativeExpensesAmt
End Year Balance$8,253,093EndYearBalanceAmt

CY Minus4 Yr Endwmt Fund CYMinus4YrEndwmtFundGrp

FieldValueIRS element (for citing)
Beginning Year Balance$8,373,448BeginningYearBalanceAmt
Investment Earnings Or Losses-$5,632InvestmentEarningsOrLossesAmt
Grants Or Scholarships$442,971GrantsOrScholarshipsAmt
Administrative Expenses$22,354AdministrativeExpensesAmt
End Year Balance$7,902,491EndYearBalanceAmt
FieldValueIRS element (for citing)
Prmnnt Endowment Balance EOY0.38370PrmnntEndowmentBalanceEOYPct
Term Endowment Balance EOY0.61630TermEndowmentBalanceEOYPct
Endowments Held Unrelated OrgYes (true)EndowmentsHeldUnrelatedOrgInd
Endowments Held Related OrgfalseEndowmentsHeldRelatedOrgInd
Footnote TextYes (X)FootnoteTextInd
Total Rev Etc Audited Fincl Stmt$2,186,908TotalRevEtcAuditedFinclStmtAmt
Net Unrealized Gains Invst-$521,521NetUnrealizedGainsInvstAmt
Other Revenue$26,430OtherRevenueAmt
Revenue Not Reported-$495,091RevenueNotReportedAmt
Revenue Subtotal$2,681,999RevenueSubtotalAmt
Total Revenue Per Form990$2,681,999TotalRevenuePerForm990Amt
Tot Expns Etc Audited Fincl Stmt$2,744,698TotExpnsEtcAuditedFinclStmtAmt
Other Expenses Included$26,430OtherExpensesIncludedAmt
Expenses Not Reported$26,430ExpensesNotReportedAmt
Expenses Subtotal$2,718,268ExpensesSubtotalAmt
Total Expenses Per Form990$2,718,268TotalExpensesPerForm990Amt

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 26,430
SCHEDULE D, PAGE 4, PART XII, LINE 2DADMINISTRATIVE EXPENSES 26,430

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$2,665,382
NORTH AMERICA2GRANTMAKINGCHARITABLE$21,000
FieldValueIRS element (for citing)
Subtotal Offices3SubtotalOfficesCnt
Subtotal Employees1SubtotalEmployeesCnt
Total Office3TotalOfficeCnt
Total Employee1TotalEmployeeCnt
Subtotal Spent$2,686,382SubtotalSpentAmt
Total Spent$2,686,382TotalSpentAmt

Grants To Org Outside US GrantsToOrgOutsideUSGrp (9 entries)

RegionRegionTxtPurpose Of GrantPurposeOfGrantTxtCash GrantCashGrantAmtManner Of Cash DisbursementMannerOfCashDisbursementTxtValuation Method UsedValuationMethodUsedDesc
NORTH AMERICAPROGRAM SUPPORT$825,349CHECKBOOK
NORTH AMERICAFACULTY$90,000CHECKBOOK
NORTH AMERICAEQUIPMENT$21,500CHECKBOOK
NORTH AMERICARESEARCH$363,227CHECKBOOK
NORTH AMERICAFACULTY OF MEDICINE$57,147CHECKBOOK
NORTH AMERICASCIENCE LIBRARY$140,156CHECKBOOK
NORTH AMERICALIBRARY$124,600CHECKBOOK
NORTH AMERICASTUDENT SUPPORT$1,043,403CHECKBOOK
NORTH AMERICAGENERAL SUPPORT$20,000CHECKBOOK
FieldValueIRS element (for citing)
Total501c3 Org3Total501c3OrgCnt
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 FORGOING. 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 2,665,382 0 NORTH AMERICA 21,000 0

Schedule M IRS990ScheduleM

Securities Publicly Traded SecuritiesPubliclyTradedGrp

FieldValueIRS element (for citing)
Non Cash CheckboxYes (X)NonCashCheckboxInd
Contribution2ContributionCnt
Noncash Contributions Rpt F990$448,645NoncashContributionsRptF990Amt
Method Of Determining RevenuesFAIR MARKET VALUEMethodOfDeterminingRevenuesTxt
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 26,430 ADMINISTRATIVE EXPENSES -26,430

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