FRIENDS OF MCGILL UNIVERSITY INC: Form 990, tax year 2012
View the entire original 990 at ProPublica ↗
- Organization
- FRIENDS OF MCGILL UNIVERSITY INC (EIN 23-7054819)
- Tax period
- 2012-06-01 to 2013-05-31
- Filed
- 2014-01-06
- IRS object ID
- 201400139349301735
- Schema version
- 2012v2.3
- 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
| Field | Value | IRS element (for citing) |
|---|---|---|
| Timestamp | 2014-01-06T13:12:03-06:00 | Timestamp |
| Tax Period End Date | 2013-05-31 | TaxPeriodEndDate |
Preparer Firm PreparerFirm
Preparer Firm Business Name PreparerFirmBusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | FRANK J SCARANO & COMPANY | BusinessNameLine1 |
Preparer Firm US Address PreparerFirmUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 2 HAMILTON AVE STE 211 | AddressLine1 |
| City | NEW ROCHELLE | City |
| State | NY | State |
| ZIP Code | 108013523 | ZIPCode |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return Type | 990 | ReturnType |
| Tax Period Begin Date | 2012-06-01 | TaxPeriodBeginDate |
Filer Filer
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 237054819 | EIN |
Name Name
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | FRIENDS OF MCGILL UNIVERSITY | BusinessNameLine1 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name Control | FRIE | NameControl |
| Phone | 2129882772 | Phone |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | C/O SCARANO 2 HAMILTON AVENUE | AddressLine1 |
| Address Line2 | ROOM/SUITE 211 | AddressLine2 |
| City | NEW ROCHELLE | City |
| State | NY | State |
| ZIP Code | 10801 | ZIPCode |
Officer Officer
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name | DAVID MCCUTCHEON | Name |
| Title | TREASURER | Title |
| Phone | 2129882772 | Phone |
| Date Signed | 2013-12-16 | DateSigned |
| Authorize Third Party | true | AuthorizeThirdParty |
Preparer Preparer
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name | MARY JANE PISANI CPA | Name |
| Phone | 9146326633 | Phone |
| Date Prepared | 2013-12-18 | DatePrepared |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tax Year | 2012 | TaxYear |
| Build TS | 2015-11-30 17:44:51Z | BuildTS |
Form 990 IRS990
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name Of Principal Officer Person | DAVID MCCUTCHEON | NameOfPrincipalOfficerPerson |
Address Principal Officer US AddressPrincipalOfficerUS
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 155 E 72 STREET | AddressLine1 |
| City | NEW YORK | City |
| State | NY | State |
| ZIP Code | 100214371 | ZIPCode |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Gross Receipts | 2830664 | GrossReceipts |
| Group Return For Affiliates | false | GroupReturnForAffiliates |
| Organization501c3 | X | Organization501c3 |
| Type Of Organization Corporation | X | TypeOfOrganizationCorporation |
| Year Formation | 1945 | YearFormation |
| State Legal Domicile | NY | StateLegalDomicile |
| Activity Or Mission Description | TO ADVANCE EDUCATION AND MAKE GRANTS FOR CHARITABLE AND EDUCATIONAL PURPOSES | ActivityOrMissionDescription |
| Nbr Voting Members Governing Body | 12 | NbrVotingMembersGoverningBody |
| Nbr Independent Voting Members | 12 | NbrIndependentVotingMembers |
| Total Nbr Employees | 0 | TotalNbrEmployees |
| Total Gross UBI | 0 | TotalGrossUBI |
| Contributions Grants Prior Year | 2196616 | ContributionsGrantsPriorYear |
| Contributions Grants Current Year | 1810377 | ContributionsGrantsCurrentYear |
| Program Service Revenue CY | 0 | ProgramServiceRevenueCY |
| Investment Income Prior Year | 233815 | InvestmentIncomePriorYear |
| Investment Income Current Year | 340497 | InvestmentIncomeCurrentYear |
| Other Revenue Current Year | 0 | OtherRevenueCurrentYear |
| Total Revenue Prior Year | 2430431 | TotalRevenuePriorYear |
| Total Revenue Current Year | 2150874 | TotalRevenueCurrentYear |
| Grants And Similar Amnts Prior Year | 1838082 | GrantsAndSimilarAmntsPriorYear |
| Grants And Similar Amnts CY | 2969034 | GrantsAndSimilarAmntsCY |
| Benefits Paid To Members CY | 0 | BenefitsPaidToMembersCY |
| Salaries Etc Current Year | 0 | SalariesEtcCurrentYear |
| Total Prof Fundrsng Exp CY | 0 | TotalProfFundrsngExpCY |
| Total Fundrsng Exp Current Year | 0 | TotalFundrsngExpCurrentYear |
| Other Expense Prior Year | 27576 | OtherExpensePriorYear |
| Other Expenses Current Year | 26737 | OtherExpensesCurrentYear |
| Total Expenses Prior Year | 1865658 | TotalExpensesPriorYear |
| Total Expenses Current Year | 2995771 | TotalExpensesCurrentYear |
| Revenues Less Expenses Prior Year | 564773 | RevenuesLessExpensesPriorYear |
| Revenues Less Expenses CY | -844897 | RevenuesLessExpensesCY |
| Total Assets BOY | 10101540 | TotalAssetsBOY |
| Total Assets EOY | 9622762 | TotalAssetsEOY |
| Total Liabilities BOY | 1226004 | TotalLiabilitiesBOY |
| Total Liabilities EOY | 1209508 | TotalLiabilitiesEOY |
| Net Assets Or Fund Balances BOY | 8875536 | NetAssetsOrFundBalancesBOY |
| Net Assets Or Fund Balances EOY | 8413254 | NetAssetsOrFundBalancesEOY |
| Mission Description | TO ADVANCE EDUCATION AND MAKE GRANTS FOR CHARITABLE AND EDUCATIONAL PURPOSES | MissionDescription |
| Significant New Program Services | false | SignificantNewProgramServices |
| Significant Change | false | SignificantChange |
| Expense | 1950034 | Expense |
| Grants | 1950034 | Grants |
| Description | THE 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. | Description |
Activity2 Activity2
| Field | Value | IRS element (for citing) |
|---|---|---|
| Expense | 1019000 | Expense |
| Grants | 1019000 | Grants |
| Description | DONATIONS OF 1,000,000 TO MONTREAL GENERAL HOSPITAL AND 10,000 TO CEDAR CANCER INSTITUTE WERE AWARDED FOR CHARITABLE PURPOSES | Description |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Program Service Expense | 2969034 | TotalProgramServiceExpense |
| Described In501 C3 | true | DescribedIn501C3 |
| Schedule B Required | true | ScheduleBRequired |
| Political Activities | false | PoliticalActivities |
| Lobbying Activities | false | LobbyingActivities |
| Subject To Proxy Tax | false | SubjectToProxyTax |
| Donor Advised Funds | false | DonorAdvisedFunds |
| Conservation Easements | false | ConservationEasements |
| Collections Of Art | true | CollectionsOfArt |
| Credit Counseling | false | CreditCounseling |
| Term Or Permanent Endowments | true | TermOrPermanentEndowments |
| Report Land Bldg Equip | false | ReportLandBldgEquip |
| Report Invest Oth Securities | false | ReportInvestOthSecurities |
| Report Prog Rel Invest | false | ReportProgRelInvest |
| Report Other Assets | false | ReportOtherAssets |
| Report Other Liabilities | false | ReportOtherLiabilities |
| Report Fin48 Footnote | false | ReportFin48Footnote |
| Independent Audit Financial Stmt | true | IndependentAuditFinancialStmt |
| Consolidated Audit Financial Stmt | false | ConsolidatedAuditFinancialStmt |
| School | false | School |
| Foreign Office | false | ForeignOffice |
| Foreign Activities | true | ForeignActivities |
| More Than5000 K To Organizations | true | MoreThan5000KToOrganizations |
| More Than5000 K To Individuals | false | MoreThan5000KToIndividuals |
| Professional Fundraising | false | ProfessionalFundraising |
| Fundraising Activities | false | FundraisingActivities |
| Gaming | false | Gaming |
| Hospital | false | Hospital |
| Grants To Organizations | false | GrantsToOrganizations |
| Grants To Individuals | false | GrantsToIndividuals |
| Schedule J Required | false | ScheduleJRequired |
| Tax Exempt Bonds | false | TaxExemptBonds |
| Excess Benefit Transaction | false | ExcessBenefitTransaction |
| Prior Excess Benefit Transaction | false | PriorExcessBenefitTransaction |
| Loan To Officer Or DQP | false | LoanToOfficerOrDQP |
| Grant To Related Person | false | GrantToRelatedPerson |
| Bsnss Rltnshp With Organization | false | BsnssRltnshpWithOrganization |
| Bsnss Rltnshp Thru Family Member | false | BsnssRltnshpThruFamilyMember |
| Officer Entity With Bsnss Rltnshp | false | OfficerEntityWithBsnssRltnshp |
| Deductible Non Cash Contributions | false | DeductibleNonCashContributions |
| Deductible Contributions Of Art | false | DeductibleContributionsOfArt |
| Terminated | false | Terminated |
| Partial Liquidation | false | PartialLiquidation |
| Disregarded Entity | false | DisregardedEntity |
| Related Entity | false | RelatedEntity |
| Related Org Controlled Entity | false | RelatedOrgControlledEntity |
| Transfers To Exempt Non Chrtbl Org | false | TransfersToExemptNonChrtblOrg |
| Activities Conducted Partnership | false | ActivitiesConductedPartnership |
| Schedule O Required | true | ScheduleORequired |
| Number Forms Transmitted With1096 | 1 | NumberFormsTransmittedWith1096 |
| Number W2 G Included | 0 | NumberW2GIncluded |
| Number Of Employees | 0 | NumberOfEmployees |
| Unrelated Business Income | false | UnrelatedBusinessIncome |
| Foreign Financial Account | true | ForeignFinancialAccount |
| Name Of Foreign Country | CA | NameOfForeignCountry |
| Prohibited Tax Shelter Trans | false | ProhibitedTaxShelterTrans |
| Taxable Party Notification | false | TaxablePartyNotification |
| Non Deductible Contributions | false | NonDeductibleContributions |
| Indoor Tanning Services | false | IndoorTanningServices |
| Info In Schedule O Part VI | X | InfoInScheduleOPartVI |
| Nbr Voting Governing Body Members | 12 | NbrVotingGoverningBodyMembers |
| Number Independent Voting Members | 12 | NumberIndependentVotingMembers |
| Family Or Business Relationship | false | FamilyOrBusinessRelationship |
| Delegation Of Management Duties | false | DelegationOfManagementDuties |
| Changes To Organizing Docs | false | ChangesToOrganizingDocs |
| Material Diversion Or Misuse | false | MaterialDiversionOrMisuse |
| Members Or Stockholders | false | MembersOrStockholders |
| Election Of Board Members | false | ElectionOfBoardMembers |
| Decisions Subject To Approval | false | DecisionsSubjectToApproval |
| Minutes Of Governing Body | true | MinutesOfGoverningBody |
| Minutes Of Committees | true | MinutesOfCommittees |
| Officer Mailing Address | false | OfficerMailingAddress |
| Local Chapters | false | LocalChapters |
| Form990 Provided To Governing Body | true | Form990ProvidedToGoverningBody |
| Conflict Of Interest Policy | true | ConflictOfInterestPolicy |
| Annual Disclosure Covered Persons | true | AnnualDisclosureCoveredPersons |
| Regular Monitoring Enforcement | true | RegularMonitoringEnforcement |
| Whistleblower Policy | false | WhistleblowerPolicy |
| Document Retention Policy | false | DocumentRetentionPolicy |
| Compensation Process CEO | false | CompensationProcessCEO |
| Compensation Process Other | false | CompensationProcessOther |
| Investment In Joint Venture | false | InvestmentInJointVenture |
| States Where Copy Of Return Is Filed | NY | StatesWhereCopyOfReturnIsFiled |
| States Where Copy Of Return Is Filed | NY | StatesWhereCopyOfReturnIsFiled |
| Upon Request | X | UponRequest |
The Books Are In Care Of TheBooksAreInCareOf
Name Business NameBusiness
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | FRANK J SCARANO & COMPANY | BusinessNameLine1 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Telephone Number | 9146326633 | TelephoneNumber |
Address US AddressUS
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 2 HAMILTON AVENUE | AddressLine1 |
| Address Line2 | SUITE 211 | AddressLine2 |
| City | NEW ROCHELLE | City |
| State | NY | State |
| ZIP Code | 10801 | ZIPCode |
| Field | Value | IRS element (for citing) |
|---|---|---|
| No Listed Persons Compensated | X | NoListedPersonsCompensated |
Form990 Part VII Section A Form990PartVIISectionA (15 entries)
| TitleTitle | Average Hours Per WeekAverageHoursPerWeek | Individual Trustee Or DirectorIndividualTrusteeOrDirector | Reportable Comp From OrganizationReportableCompFromOrganization | Reportable Comp From Related OrgsReportableCompFromRelatedOrgs | Other CompensationOtherCompensation | OfficerOfficer |
|---|---|---|---|---|---|---|
| ARTHUR H STAMPLEMAN | ||||||
| DIRECTOR - R | 1.00 | X | 0 | 0 | 0 | |
| ARTHUR L COLEMAN III | ||||||
| DIRECTOR | 1.00 | X | 0 | 0 | 0 | |
| ELI EINBINDER | ||||||
| DIRECTOR | 1.00 | X | 0 | 0 | 0 | |
| MERNARD M GERTLER | ||||||
| DIRECTOR | 1.00 | X | 0 | 0 | 0 | |
| MARGARET GILLIAM | ||||||
| DIRECTOR | 1.00 | X | 0 | 0 | 0 | |
| R VANCE WARD | ||||||
| DIRECTOR | 1.00 | X | 0 | 0 | 0 | |
| DENISE B DAILEY | ||||||
| DIRECTOR - R | 1.00 | X | 0 | 0 | 0 | |
| DIANA M GALER | ||||||
| DIRECTOR | 1.00 | X | 0 | 0 | 0 | |
| LISA MEGEASKI | ||||||
| DIRECTOR | 1.00 | X | 0 | 0 | 0 | |
| E SCOTT MONRAD | ||||||
| PRESIDENT- R | 1.00 | 0 | 0 | 0 | X | |
| MARK ALBERT HANTHO | ||||||
| PRESIDENT | 1.00 | 0 | 0 | 0 | X | |
| ANTON ANGELICH | ||||||
| SECRETARY | 1.00 | 0 | 0 | 0 | X | |
| DAVID C MCCUTCHEON | ||||||
| VICE-PRES& T | 7.00 | 0 | 0 | 0 | X | |
| MARC-ANDRE CHIFFERT | ||||||
| ASST SECRETA | 1.00 | 0 | 0 | 0 | X | |
| GEORGE G MARINI | ||||||
| ASST TREASUR | 3.00 | 0 | 0 | 0 | X | |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Formers Listed | false | FormersListed |
| Total Comp GT150 K | false | TotalCompGT150K |
| Compensation From Other Sources | false | CompensationFromOtherSources |
| All Other Contributions | 1810377 | AllOtherContributions |
| Total Contributions | 1810377 | TotalContributions |
Investment Income InvestmentIncome
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | 283907 | TotalRevenueColumn |
| Exclusion | $283,907 | ExclusionAmount |
Gross Amount Sales Assets GrossAmountSalesAssets
| Field | Value | IRS element (for citing) |
|---|---|---|
| Securities | 736380 | Securities |
Less Cost Oth Basis Sales Expenses LessCostOthBasisSalesExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| Securities | 679790 | Securities |
Gain Or Loss GainOrLoss
| Field | Value | IRS element (for citing) |
|---|---|---|
| Securities | 56590 | Securities |
Net Gain Or Loss Investments NetGainOrLossInvestments
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | 56590 | TotalRevenueColumn |
| Related Or Exempt Function Income | 56590 | RelatedOrExemptFunctionIncome |
Total Revenue TotalRevenue
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | 2150874 | TotalRevenueColumn |
| Related Or Exempt Function Income | 56590 | RelatedOrExemptFunctionIncome |
| Exclusion | $283,907 | ExclusionAmount |
Foreign Grants ForeignGrants
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 2969034 | Total |
| Program Services | 2969034 | ProgramServices |
Fees For Services Legal FeesForServicesLegal
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 200 | Total |
| Management And General | 200 | ManagementAndGeneral |
Fees For Services Accounting FeesForServicesAccounting
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 18700 | Total |
| Management And General | 18700 | ManagementAndGeneral |
Conferences Meetings ConferencesMeetings
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 3816 | Total |
| Management And General | 3816 | ManagementAndGeneral |
Insurance Insurance
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 1633 | Total |
| Management And General | 1633 | ManagementAndGeneral |
Other Expenses OtherExpenses (2 entries)
| DescriptionDescription | TotalTotal | Management And GeneralManagementAndGeneral |
|---|---|---|
| BANK CHARGES | 1963 | 1963 |
| LICENSES AND FEES | 425 | 425 |
Total Functional Expenses TotalFunctionalExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 2995771 | Total |
| Program Services | 2969034 | ProgramServices |
| Management And General | 26737 | ManagementAndGeneral |
| Fundraising | 0 | Fundraising |
Cash Non Interest Bearing CashNonInterestBearing
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 157423 | BOY |
| EOY | 453539 | EOY |
Savings And Temp Cash Investments SavingsAndTempCashInvestments
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 1952584 | BOY |
| EOY | 786932 | EOY |
Investments Pub Traded Securities InvestmentsPubTradedSecurities
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 7975933 | BOY |
| EOY | 8366691 | EOY |
Other Assets Total OtherAssetsTotal
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 15600 | BOY |
| EOY | 15600 | EOY |
Total Assets TotalAssets
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 10101540 | BOY |
| EOY | 9622762 | EOY |
Accounts Payable Accrued Expenses AccountsPayableAccruedExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 4495 | BOY |
| EOY | 4283 | EOY |
Grants Payable GrantsPayable
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 1221509 | BOY |
| EOY | 1205225 | EOY |
Total Liabilities TotalLiabilities
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 1226004 | BOY |
| EOY | 1209508 | EOY |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Follow SFAS117 | X | FollowSFAS117 |
Unrestricted Net Assets UnrestrictedNetAssets
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 973045 | BOY |
| EOY | 160161 | EOY |
Temporarily Restricted Net Assets TemporarilyRestrictedNetAssets
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 4636655 | BOY |
| EOY | 4986616 | EOY |
Permanently Restricted Net Assets PermanentlyRestrictedNetAssets
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 3265836 | BOY |
| EOY | 3266477 | EOY |
Total Net Assets Fund Balances TotalNetAssetsFundBalances
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 8875536 | BOY |
| EOY | 8413254 | EOY |
Total Liab Net Assets Fund Balances TotalLiabNetAssetsFundBalances
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 10101540 | BOY |
| EOY | 9622762 | EOY |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Reconcilation Revenue Expenses | -844897 | ReconcilationRevenueExpenses |
| Reconciliation Unrealized Invest | 382615 | ReconciliationUnrealizedInvest |
| Method Of Accounting Accrual | X | MethodOfAccountingAccrual |
| Accountant Compile Or Review | false | AccountantCompileOrReview |
| FS Audited | true | FSAudited |
FS Audited Basis FSAuditedBasis
| Field | Value | IRS element (for citing) |
|---|---|---|
| Financial Statement Separate | X | FinancialStatementSeparate |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Audit Committee | true | AuditCommittee |
| Federal Grant Audit Required | false | FederalGrantAuditRequired |
Schedule A IRS990ScheduleA
| Field | Value | IRS element (for citing) |
|---|---|---|
| Publicly Supported Org170b1 Avi | X | PubliclySupportedOrg170b1Avi |
Gifts Grants Contrib Received170 GiftsGrantsContribReceived170
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus4 Years | 1025687 | CurrentTaxYearMinus4Years |
| Current Tax Year Minus3 Years | 989758 | CurrentTaxYearMinus3Years |
| Current Tax Year Minus2 Years | 1410946 | CurrentTaxYearMinus2Years |
| Current Tax Year Minus1 Year | 2196616 | CurrentTaxYearMinus1Year |
| Current Tax Year | 1810377 | CurrentTaxYear |
| Total | 7433384 | Total |
Total170 Total170
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus4 Years | 1025687 | CurrentTaxYearMinus4Years |
| Current Tax Year Minus3 Years | 989758 | CurrentTaxYearMinus3Years |
| Current Tax Year Minus2 Years | 1410946 | CurrentTaxYearMinus2Years |
| Current Tax Year Minus1 Year | 2196616 | CurrentTaxYearMinus1Year |
| Current Tax Year | 1810377 | CurrentTaxYear |
| Total | 7433384 | Total |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Amounts Subst Contributors Total | 3138356 | AmountsSubstContributorsTotal |
| Public Support Total170 | 4295028 | PublicSupportTotal170 |
Gross Investment Income170 GrossInvestmentIncome170
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus4 Years | 367259 | CurrentTaxYearMinus4Years |
| Current Tax Year Minus3 Years | 300658 | CurrentTaxYearMinus3Years |
| Current Tax Year Minus2 Years | 321052 | CurrentTaxYearMinus2Years |
| Current Tax Year Minus1 Year | 304424 | CurrentTaxYearMinus1Year |
| Current Tax Year | 283907 | CurrentTaxYear |
| Total | 1577300 | Total |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Support | 9010684 | TotalSupport |
| Public Support Pertcentage170 | 0.47670 | PublicSupportPertcentage170 |
| Public Support Pertcent Prior Year | 0.49360 | PublicSupportPertcentPriorYear |
| Thirty Three Percnt Tests CY170 | X | ThirtyThreePercntTestsCY170 |
Schedule B IRS990ScheduleB
Contributor Info ContributorInfo
| Field | Value | IRS element (for citing) |
|---|---|---|
| Contributor Number | RESTRICTED | ContributorNumber |
Contributor Name Business ContributorNameBusiness
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | RESTRICTED | BusinessNameLine1 |
Contributor Address US ContributorAddressUS
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | RESTRICTED | AddressLine1 |
| Address Line2 | RESTRICTED | AddressLine2 |
| City | RESTRICTED | City |
| State | RESTRICTED | State |
| ZIP Code | RESTRICTED | ZIPCode |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Aggregate Contributions | RESTRICTED | AggregateContributions |
Schedule D IRS990ScheduleD
Art Public Exhibition Amts ArtPublicExhibitionAmts
| Field | Value | IRS element (for citing) |
|---|---|---|
| Assets In Part X | 15600 | AssetsInPartX |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Collect Used For Public Exhibition | X | CollectUsedForPublicExhibition |
| Collect Used For Scholar Research | X | CollectUsedForScholarResearch |
| Collect Used For Preservation | X | CollectUsedForPreservation |
| Collect Used For Loan Or Exch Prgrms | X | CollectUsedForLoanOrExchPrgrms |
| Solicited Assets For Sale | false | SolicitedAssetsForSale |
Current Year CurrentYear
| Field | Value | IRS element (for citing) |
|---|---|---|
| Beginning Of Year Balance | 7902491 | BeginningOfYearBalance |
| Investment Earnings Or Losses | 719471 | InvestmentEarningsOrLosses |
| Grants Or Scholarships | 345140 | GrantsOrScholarships |
| Administrative Expenses | 23729 | AdministrativeExpenses |
| End Of Year Balance | 8253093 | EndOfYearBalance |
Current Year Minus1 Year CurrentYearMinus1Year
| Field | Value | IRS element (for citing) |
|---|---|---|
| Beginning Of Year Balance | 8373448 | BeginningOfYearBalance |
| Investment Earnings Or Losses | -5632 | InvestmentEarningsOrLosses |
| Grants Or Scholarships | 442971 | GrantsOrScholarships |
| Administrative Expenses | 22354 | AdministrativeExpenses |
| End Of Year Balance | 7902491 | EndOfYearBalance |
Current Year Minus2 Years CurrentYearMinus2Years
| Field | Value | IRS element (for citing) |
|---|---|---|
| Beginning Of Year Balance | 7207167 | BeginningOfYearBalance |
| Investment Earnings Or Losses | 1522238 | InvestmentEarningsOrLosses |
| Grants Or Scholarships | 333557 | GrantsOrScholarships |
| Administrative Expenses | 22400 | AdministrativeExpenses |
| End Of Year Balance | 8373448 | EndOfYearBalance |
Current Year Minus3 Years CurrentYearMinus3Years
| Field | Value | IRS element (for citing) |
|---|---|---|
| Beginning Of Year Balance | 6597588 | BeginningOfYearBalance |
| Investment Earnings Or Losses | 923546 | InvestmentEarningsOrLosses |
| Grants Or Scholarships | 302971 | GrantsOrScholarships |
| Administrative Expenses | 10996 | AdministrativeExpenses |
| End Of Year Balance | 7207167 | EndOfYearBalance |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Permanent Endowment EOY Balance | 0.39580 | PermanentEndowmentEOYBalance |
| Term Endowment EOY Balance | 0.60420 | TermEndowmentEOYBalance |
| Endowments Held By Unrelated Orgs | false | EndowmentsHeldByUnrelatedOrgs |
| Endowments Held By Related Orgs | false | EndowmentsHeldByRelatedOrgs |
| Tot Revenue Etc Audited Fincl Stmt | 2557218 | TotRevenueEtcAuditedFinclStmt |
| Net Unrealized Gains Investments | 382615 | NetUnrealizedGainsInvestments |
| Other Revenues | 23729 | OtherRevenues |
| Revenue Not Rptd F990 | 406344 | RevenueNotRptdF990 |
| Revenue Subtotal | 2150874 | RevenueSubtotal |
| Total Revenue Per Form990 | 2150874 | TotalRevenuePerForm990 |
| Tot Expenses Etc Audited Fincl Stmt | 3019500 | TotExpensesEtcAuditedFinclStmt |
| Other Expenses Included | 23729 | OtherExpensesIncluded |
| Expenses Not Rptd F990 | 23729 | ExpensesNotRptdF990 |
| Expenses Subtotal | 2995771 | ExpensesSubtotal |
| Total Expenses Per Form990 | 2995771 | TotalExpensesPerForm990 |
Form990 Schedule D Part XIII Form990ScheduleDPartXIII (3 entries)
| IdentifierIdentifier | Return ReferenceReturnReference | ExplanationExplanation |
|---|---|---|
| COLLECTIONS AND RELATION TO EXEMPT PURPOSE | SCHEDULE D, PAGE 2, PART III, LINE 4 | THE ART & BOOK COLLECTION CONSIST OF MEDICAL AND PHARMACEUTICAL EPHEMERS. THE COLLECTIONS INCLUDES 147 PRINTS, BOOKLETS AND PRINTED EPHEMERS RELATING TO THE HISTORY OF MEDICINE IN FRANCE VALUED AT 14,850 AND A LITHOGRAPH PORTRAIT VALUED AT 750. |
| REVENUE AMOUNTS INCLUDED IN FINANCIALS - OTHER | SCHEDULE D, PAGE 4, PART XI, LINE 2D | ADMINISTRATIVE FEES 23,729 |
| EXPENSE AMOUNTS INCLUDED IN FINANCIALS - OTHER | SCHEDULE D, PAGE 4, PART XII, LINE 2D | ADMINISTRATIVE EXPENSES 23,729 |
Schedule F IRS990ScheduleF
| Field | Value | IRS element (for citing) |
|---|---|---|
| Grant Records Maintained | true | GrantRecordsMaintained |
Accts Actvs Out US Table AcctsActvsOutUSTable (2 entries)
| RegionRegion | Number Of OfficesNumberOfOffices | Type Of Activities ConductedTypeOfActivitiesConducted | Specific Services ProvidedSpecificServicesProvided | Total ExpendituresTotalExpenditures |
|---|---|---|---|---|
| NORTH AMERICA | 1 | GRANTMAKING | EDUCATION | 1950034 |
| NORTH AMERICA | 1 | GRANTMAKING | CHARITABLE | 1019000 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Subtotal Number Of Offices | 2 | SubtotalNumberOfOffices |
| Total Number Of Offices | 2 | TotalNumberOfOffices |
| Subtotal Amount Spent | 2969034 | SubtotalAmountSpent |
| Total Amount Spent | 2969034 | TotalAmountSpent |
Grants To Orgs Outside US GrantsToOrgsOutsideUS (13 entries)
| RegionRegion | Purpose Of GrantPurposeOfGrant | Amount Of Cash GrantAmountOfCashGrant | Manner Of Cash DisbursementMannerOfCashDisbursement | Method Of ValuationMethodOfValuation |
|---|---|---|---|---|
| NORTH AMERICA | PROGRAM SUPPORT | 286415 | CHECK | BOOK |
| NORTH AMERICA | STUDENT ACTIVITIES | 5100 | CHECK | BOOK |
| NORTH AMERICA | STUDENT SUPPORT | 113000 | CHECK | BOOK |
| NORTH AMERICA | ARTS | 327397 | CHECK | BOOK |
| NORTH AMERICA | ATHLETICS | 55625 | CHECK | BOOK |
| NORTH AMERICA | RESEARCH | 15125 | CHECK | BOOK |
| NORTH AMERICA | ENGINEERING | 54243 | CHECK | BOOK |
| NORTH AMERICA | LAW | 282100 | CHECK | BOOK |
| NORTH AMERICA | MEDICINE | 139126 | CHECK | BOOK |
| NORTH AMERICA | SCIENCE | 14195 | CHECK | BOOK |
| NORTH AMERICA | UNIVERSITY GENERAL | 657708 | CHECK | BOOK |
| NORTH AMERICA | GENERAL SUPPORT | 1000000 | CHECK | BOOK |
| NORTH AMERICA | GENERAL SUPPORT | 19000 | CHECK | BOOK |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Number Of501c3 Orgs | 3 | TotalNumberOf501c3Orgs |
| Transfer To Foreign Corp | false | TransferToForeignCorp |
| Interest In Foreign Trust | false | InterestInForeignTrust |
| Own Foreign Corp | false | OwnForeignCorp |
| Passive Foreign Invest Co | false | PassiveForeignInvestCo |
| Foreign Partnership | false | ForeignPartnership |
| Boycott Countries | false | BoycottCountries |
Form990 Schedule F Part V Form990ScheduleFPartV (2 entries)
| IdentifierIdentifier | Return ReferenceReturnReference | ExplanationExplanation |
|---|---|---|
| PROCEDURES FOR MONITORING THE USE OF GRANT FUNDS OUTSIDE THE UNITED STATES | SCHEDULE F, PAGE 1, PART I, LINE 2 | THE 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. |
| ACTIVITIES PER REGION | SCHEDULE F, PAGE 1, PART I, LINE 3 | NORTH AMERICA 1,950,034 0 NORTH AMERICA 1,019,000 0 |
Schedule O IRS990ScheduleO
General Explanation GeneralExplanation (5 entries)
| IdentifierIdentifier | Return ReferenceReturnReference | ExplanationExplanation |
|---|---|---|
| FINANCIAL ACCOUNTS IN FOREIGN COUNTRIES | FORM 990, PART V, LINE 4B | CANADA |
| ORGANIZATION'S PROCESS USED TO REVIEW FORM 990 | FORM 990, PAGE 6, PART VI, LINE 11B | A COPY OF THE ORGANIZATIONS FORM 990 WAS PROVIDED TO THE BOARD OF DIRECTORS VIA E MAIL. |
| ENFORCEMENT OF CONFLICTS POLICY | FORM 990, PAGE 6, PART VI, LINE 12C | ANY 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. |
| GOVERNING DOCUMENTS DISCLOSURE EXPLANATION | FORM 990, PAGE 6, PART VI, LINE 19 | DOCUMENTS ARE PROVIDED TO THE PUBLIC UPON WRITTEN REQUEST VIA US MAIL OR E-MAIL. |
| RECONCILIATION OF CHANGES - OTHER | FORM 990, PART XI, LINE 9 | ADMINISTRATIVE FEES 23,729 ADMINISTRATIVE EXPENSES -23,729 |
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