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Employer Identification Number 58-0706796

MCG FOUNDATION, INC. is a USA domiciled entity or foreign entity operating in the USA. The EIN ihas been issued by the IRS

Company Name:MCG FOUNDATION, INC.
Employer identification number (EIN):58-0706796
EIN Issuing AuthorityBrookhaven, NY
NAIC Classification:813000
NAIC Description: Religious, Grantmaking, Civic, Professional, and Similar Organizations
401k Pension/Benefits registration MCG FOUNDATION, INC. 401k plan information
Federal tax statusExempt from federal income tax. Registered as a non-profit under 501(c)(3) Title 26 of the United States Code

Organization Overview

Mission StatementTHE MEDICAL COLLEGE OF GEORGIA FOUNDATION'S MOST SIGNIFICANT ACTIVITIES INVOLVE RECEIPTING, INVESTING AND DISTRIBUTING FUNDS FOR THE BENEFIT OF MEDICAL COLLEGE OF GEORGIA AND THE HEALTH SCIENCES AT AUGUSTA UNIVERSITY AND ITS RELATED TEACHING HOSPITAL. THE FOUNDATION WORKS WITH DONORS SEEKING TO MAKE CHARITABLE CONTRIBUTIONS FOR THE BENEFIT OF THE MEDICAL SCIENCES AT AUGUSTA UNIVERSITY. IT ALSO DISTRIBUTES MONIES TO THE MEDICAL SCIENCES AT THE MEDICAL COLLEGE OF GEORGIA FOUNDATION'S MOST SIGNIFICANT ACTIVITIES INVOLVE RECEIPTING, INVESTING AND DISTRIBUTING FUNDS FOR THE BENEFIT OF MEDICAL COLLEGE OF GEORGIA AND THE HEALTH SCIENCES AT AUGUSTA UNIVERSITY AND ITS RELATED TEACHING HOSPITAL. THE FOUNDATION WORKS WITH DONORS SEEKING TO MAKE CHARITABLE CONTRIBUTIONS FOR THE BENEFIT OF THE MEDICAL SCIENCES AT AUGUSTA UNIVERSITY. IT ALSO DISTRIBUTES MONIES TO THE MEDICAL SCIENCES AT AUGUSTA UNIVERSITY WHILE PROVIDING OVERSIGHT AND STEWARDSHIP OF THE CHARITABLE FUNDS ENTRUSTED TO IT.
Number of Employees10
Number of Volunteers19
Year Formed1954

Organization Governance

Legal DomicileGA
Voting Members - Governing Body19
Voting Members - Independent19

Organization Financials

2023-06-30
Total unrelated business incomeUSD $ 218,223
Net unrelated business incomeUSD $ 0
Program Service Revenue from prior yearUSD $ 0
Program Service Revenue from current yearUSD $ 0
Investment Income from prior yearUSD $ 4,088,011
Investment Income from current yearUSD $ 2,748,851
Other Revenue from prior yearUSD $ -924,419
Other Revenue from current yearUSD $ -863,990
Gross receipts from all sourcesUSD $ 23,655,859
Net assets / fund balances at end of fiscal yearUSD $ 331,592,827
Net assets / fund balances at beginning of fiscal yearUSD $ 306,718,824
Total liabilities at end of fiscal yearUSD $ 17,384,443
Total liabilities at beginning of fiscal yearUSD $ 17,662,348
Total assets at end of fiscal yearUSD $ 348,977,270
Total assets at beginning of fiscal yearUSD $ 324,381,172
Revenues less expenses for current yearUSD $ 3,600,291
Revenues less expenses for previous yearUSD $ 2,295,060
Total expenses for current yearUSD $ 12,614,609
Total expenses for previous yearUSD $ 12,128,467
Other expenses in current yearUSD $ 1,246,296
Other expenses in previous yearUSD $ 991,583
Total fundraising expenses in current yearUSD $ 828,002
Professional fundraising fees from current yearUSD $ 0
Professional fundraising fees from previous yearUSD $ 0
Employee salary and benefits paid in current yearUSD $ 1,880,350
Employee salary and benefits paid in previous yearUSD $ 1,690,527
Benefits paid to or for members in current yearUSD $ 0
Benefits paid to or for members in previous yearUSD $ 0
Grants and similar amounts paid in current yearUSD $ 9,487,963
Grants and similar amounts paid in previous yearUSD $ 9,446,357
Total revenue in current fiscal yearUSD $ 16,214,900
Total revenue in previous fiscal yearUSD $ 14,423,527
Contributions and grants from current yearUSD $ 14,330,039
Contributions and grants from previous yearUSD $ 11,259,935
Gross income from fundraising eventsUSD $ 26,420
Total of other revenueUSD $ 5,000
2022-06-30
Total unrelated business incomeUSD $ -1,082,733
Net unrelated business incomeUSD $ 0
Program Service Revenue from prior yearUSD $ 0
Program Service Revenue from current yearUSD $ 0
Investment Income from prior yearUSD $ 1,804,980
Investment Income from current yearUSD $ 4,088,011
Other Revenue from prior yearUSD $ -592,912
Other Revenue from current yearUSD $ -924,419
Gross receipts from all sourcesUSD $ 25,721,314
Net assets / fund balances at end of fiscal yearUSD $ 306,718,824
Net assets / fund balances at beginning of fiscal yearUSD $ 338,239,219
Total liabilities at end of fiscal yearUSD $ 17,662,348
Total liabilities at beginning of fiscal yearUSD $ 13,841,809
Total assets at end of fiscal yearUSD $ 324,381,172
Total assets at beginning of fiscal yearUSD $ 352,081,028
Revenues less expenses for current yearUSD $ 2,295,060
Revenues less expenses for previous yearUSD $ 2,094,645
Total expenses for current yearUSD $ 12,128,467
Total expenses for previous yearUSD $ 10,512,793
Other expenses in current yearUSD $ 991,583
Other expenses in previous yearUSD $ 1,124,537
Total fundraising expenses in current yearUSD $ 734,626
Professional fundraising fees from current yearUSD $ 0
Professional fundraising fees from previous yearUSD $ 0
Employee salary and benefits paid in current yearUSD $ 1,690,527
Employee salary and benefits paid in previous yearUSD $ 1,512,660
Benefits paid to or for members in current yearUSD $ 0
Benefits paid to or for members in previous yearUSD $ 0
Grants and similar amounts paid in current yearUSD $ 9,446,357
Grants and similar amounts paid in previous yearUSD $ 7,875,596
Total revenue in current fiscal yearUSD $ 14,423,527
Total revenue in previous fiscal yearUSD $ 12,607,438
Contributions and grants from current yearUSD $ 11,259,935
Contributions and grants from previous yearUSD $ 11,395,370
Gross income from fundraising eventsUSD $ 22,165
Total of other revenueUSD $ 3,922
2021-06-30
Total unrelated business incomeUSD $ -85,728
Net unrelated business incomeUSD $ 0
Program Service Revenue from prior yearUSD $ 0
Program Service Revenue from current yearUSD $ 0
Investment Income from prior yearUSD $ -14,180,077
Investment Income from current yearUSD $ 1,804,980
Other Revenue from prior yearUSD $ -684,704
Other Revenue from current yearUSD $ -592,912
Gross receipts from all sourcesUSD $ 21,772,720
Net assets / fund balances at end of fiscal yearUSD $ 338,239,219
Net assets / fund balances at beginning of fiscal yearUSD $ 260,812,955
Total liabilities at end of fiscal yearUSD $ 13,841,809
Total liabilities at beginning of fiscal yearUSD $ 12,512,954
Total assets at end of fiscal yearUSD $ 352,081,028
Total assets at beginning of fiscal yearUSD $ 273,325,909
Revenues less expenses for current yearUSD $ 2,094,645
Revenues less expenses for previous yearUSD $ -21,319,272
Total expenses for current yearUSD $ 10,512,793
Total expenses for previous yearUSD $ 10,173,087
Other expenses in current yearUSD $ 1,124,537
Other expenses in previous yearUSD $ 1,006,277
Total fundraising expenses in current yearUSD $ 882,898
Professional fundraising fees from current yearUSD $ 0
Professional fundraising fees from previous yearUSD $ 0
Employee salary and benefits paid in current yearUSD $ 1,512,660
Employee salary and benefits paid in previous yearUSD $ 1,432,699
Benefits paid to or for members in current yearUSD $ 0
Benefits paid to or for members in previous yearUSD $ 0
Grants and similar amounts paid in current yearUSD $ 7,875,596
Grants and similar amounts paid in previous yearUSD $ 7,734,111
Total revenue in current fiscal yearUSD $ 12,607,438
Total revenue in previous fiscal yearUSD $ -11,146,185
Contributions and grants from current yearUSD $ 11,395,370
Contributions and grants from previous yearUSD $ 3,718,596
2020-06-30
Total unrelated business incomeUSD $ -1,670,750
Net unrelated business incomeUSD $ 0
Program Service Revenue from prior yearUSD $ 0
Program Service Revenue from current yearUSD $ 0
Investment Income from prior yearUSD $ 59,063,442
Investment Income from current yearUSD $ -14,180,077
Other Revenue from prior yearUSD $ -843,962
Other Revenue from current yearUSD $ -684,704
Gross receipts from all sourcesUSD $ 193,200,600
Net assets / fund balances at end of fiscal yearUSD $ 260,812,955
Net assets / fund balances at beginning of fiscal yearUSD $ 264,009,637
Total liabilities at end of fiscal yearUSD $ 12,512,954
Total liabilities at beginning of fiscal yearUSD $ 10,427,914
Total assets at end of fiscal yearUSD $ 273,325,909
Total assets at beginning of fiscal yearUSD $ 274,437,551
Revenues less expenses for current yearUSD $ -21,319,272
Revenues less expenses for previous yearUSD $ 53,440,161
Total expenses for current yearUSD $ 10,173,087
Total expenses for previous yearUSD $ 8,827,015
Other expenses in current yearUSD $ 1,006,277
Other expenses in previous yearUSD $ 1,187,271
Total fundraising expenses in current yearUSD $ 780,302
Professional fundraising fees from current yearUSD $ 0
Professional fundraising fees from previous yearUSD $ 0
Employee salary and benefits paid in current yearUSD $ 1,432,699
Employee salary and benefits paid in previous yearUSD $ 1,119,309
Benefits paid to or for members in current yearUSD $ 0
Benefits paid to or for members in previous yearUSD $ 0
Grants and similar amounts paid in current yearUSD $ 7,734,111
Grants and similar amounts paid in previous yearUSD $ 6,520,435
Total revenue in current fiscal yearUSD $ -11,146,185
Total revenue in previous fiscal yearUSD $ 62,267,176
Contributions and grants from current yearUSD $ 3,718,596
Contributions and grants from previous yearUSD $ 4,047,696
Gross income from fundraising eventsUSD $ 15,300
Total of other revenueUSD $ 277,827
2019-06-30
Total unrelated business incomeUSD $ -637,774
Net unrelated business incomeUSD $ 0
Program Service Revenue from prior yearUSD $ 0
Program Service Revenue from current yearUSD $ 0
Investment Income from prior yearUSD $ 11,698,613
Investment Income from current yearUSD $ 59,063,442
Other Revenue from prior yearUSD $ -58,507
Other Revenue from current yearUSD $ -843,962
Gross receipts from all sourcesUSD $ 299,638,510
Net assets / fund balances at end of fiscal yearUSD $ 264,009,637
Net assets / fund balances at beginning of fiscal yearUSD $ 257,653,333
Total liabilities at end of fiscal yearUSD $ 10,427,914
Total liabilities at beginning of fiscal yearUSD $ 6,040,709
Total assets at end of fiscal yearUSD $ 274,437,551
Total assets at beginning of fiscal yearUSD $ 263,694,042
Revenues less expenses for current yearUSD $ 53,440,161
Revenues less expenses for previous yearUSD $ 6,719,423
Total expenses for current yearUSD $ 8,827,015
Total expenses for previous yearUSD $ 8,870,363
Other expenses in current yearUSD $ 1,187,271
Other expenses in previous yearUSD $ 773,083
Total fundraising expenses in current yearUSD $ 700,418
Professional fundraising fees from current yearUSD $ 0
Professional fundraising fees from previous yearUSD $ 0
Employee salary and benefits paid in current yearUSD $ 1,119,309
Employee salary and benefits paid in previous yearUSD $ 925,426
Benefits paid to or for members in current yearUSD $ 0
Benefits paid to or for members in previous yearUSD $ 0
Grants and similar amounts paid in current yearUSD $ 6,520,435
Grants and similar amounts paid in previous yearUSD $ 7,171,854
Total revenue in current fiscal yearUSD $ 62,267,176
Total revenue in previous fiscal yearUSD $ 15,589,786
Contributions and grants from current yearUSD $ 4,047,696
Contributions and grants from previous yearUSD $ 3,949,680
Gross income from fundraising eventsUSD $ 27,309
Total of other revenueUSD $ 284,947
2018-06-30
Total unrelated business incomeUSD $ -151,248
Net unrelated business incomeUSD $ -151,248
Program Service Revenue from prior yearUSD $ 0
Program Service Revenue from current yearUSD $ 0
Investment Income from prior yearUSD $ 6,610,718
Investment Income from current yearUSD $ 11,698,613
Other Revenue from prior yearUSD $ 291,922
Other Revenue from current yearUSD $ -58,507
Gross receipts from all sourcesUSD $ 69,508,978
Net assets / fund balances at end of fiscal yearUSD $ 257,653,333
Net assets / fund balances at beginning of fiscal yearUSD $ 242,386,004
Total liabilities at end of fiscal yearUSD $ 6,040,709
Total liabilities at beginning of fiscal yearUSD $ 3,281,470
Total assets at end of fiscal yearUSD $ 263,694,042
Total assets at beginning of fiscal yearUSD $ 245,667,474
Revenues less expenses for current yearUSD $ 6,719,423
Revenues less expenses for previous yearUSD $ 3,659,255
Total expenses for current yearUSD $ 8,870,363
Total expenses for previous yearUSD $ 7,638,459
Other expenses in current yearUSD $ 773,083
Other expenses in previous yearUSD $ 815,793
Total fundraising expenses in current yearUSD $ 0
Professional fundraising fees from current yearUSD $ 0
Professional fundraising fees from previous yearUSD $ 0
Employee salary and benefits paid in current yearUSD $ 925,426
Employee salary and benefits paid in previous yearUSD $ 998,955
Benefits paid to or for members in current yearUSD $ 0
Benefits paid to or for members in previous yearUSD $ 0
Grants and similar amounts paid in current yearUSD $ 7,171,854
Grants and similar amounts paid in previous yearUSD $ 5,823,711
Total revenue in current fiscal yearUSD $ 15,589,786
Total revenue in previous fiscal yearUSD $ 11,297,714
Contributions and grants from current yearUSD $ 3,949,680
Contributions and grants from previous yearUSD $ 4,395,074
Total of other revenueUSD $ 293,280
2017-06-30
Total unrelated business incomeUSD $ -77,364
Net unrelated business incomeUSD $ -77,364
Program Service Revenue from prior yearUSD $ 0
Program Service Revenue from current yearUSD $ 0
Investment Income from prior yearUSD $ 4,768,031
Investment Income from current yearUSD $ 6,610,718
Other Revenue from prior yearUSD $ 365,918
Other Revenue from current yearUSD $ 291,922
Gross receipts from all sourcesUSD $ 58,376,811
Net assets / fund balances at end of fiscal yearUSD $ 242,386,004
Net assets / fund balances at beginning of fiscal yearUSD $ 219,042,056
Total liabilities at end of fiscal yearUSD $ 3,281,470
Total liabilities at beginning of fiscal yearUSD $ 3,157,690
Total assets at end of fiscal yearUSD $ 245,667,474
Total assets at beginning of fiscal yearUSD $ 222,199,746
Revenues less expenses for current yearUSD $ 3,659,255
Revenues less expenses for previous yearUSD $ 1,074,949
Total expenses for current yearUSD $ 7,638,459
Total expenses for previous yearUSD $ 7,348,858
Other expenses in current yearUSD $ 815,793
Other expenses in previous yearUSD $ 916,008
Total fundraising expenses in current yearUSD $ 0
Professional fundraising fees from current yearUSD $ 0
Professional fundraising fees from previous yearUSD $ 0
Employee salary and benefits paid in current yearUSD $ 998,955
Employee salary and benefits paid in previous yearUSD $ 1,138,488
Benefits paid to or for members in current yearUSD $ 0
Benefits paid to or for members in previous yearUSD $ 0
Grants and similar amounts paid in current yearUSD $ 5,823,711
Grants and similar amounts paid in previous yearUSD $ 5,294,362
Total revenue in current fiscal yearUSD $ 11,297,714
Total revenue in previous fiscal yearUSD $ 8,423,807
Contributions and grants from current yearUSD $ 4,395,074
Contributions and grants from previous yearUSD $ 3,289,858
Total of other revenueUSD $ 245,711
2016-06-30
Total unrelated business incomeUSD $ -118,188
Net unrelated business incomeUSD $ -118,188
Program Service Revenue from prior yearUSD $ 0
Program Service Revenue from current yearUSD $ 0
Investment Income from prior yearUSD $ 2,389,874
Investment Income from current yearUSD $ 4,768,031
Other Revenue from prior yearUSD $ 415,567
Other Revenue from current yearUSD $ 365,918
Gross receipts from all sourcesUSD $ 8,731,752
Net assets / fund balances at end of fiscal yearUSD $ 219,042,056
Net assets / fund balances at beginning of fiscal yearUSD $ 224,100,822
Total liabilities at end of fiscal yearUSD $ 3,157,690
Total liabilities at beginning of fiscal yearUSD $ 3,163,982
Total assets at end of fiscal yearUSD $ 222,199,746
Total assets at beginning of fiscal yearUSD $ 227,264,804
Revenues less expenses for current yearUSD $ 1,074,949
Revenues less expenses for previous yearUSD $ -1,058,017
Total expenses for current yearUSD $ 7,348,858
Total expenses for previous yearUSD $ 7,886,325
Other expenses in current yearUSD $ 916,008
Other expenses in previous yearUSD $ 849,666
Total fundraising expenses in current yearUSD $ 0
Professional fundraising fees from current yearUSD $ 0
Professional fundraising fees from previous yearUSD $ 0
Employee salary and benefits paid in current yearUSD $ 1,138,488
Employee salary and benefits paid in previous yearUSD $ 989,237
Benefits paid to or for members in current yearUSD $ 0
Benefits paid to or for members in previous yearUSD $ 0
Grants and similar amounts paid in current yearUSD $ 5,294,362
Grants and similar amounts paid in previous yearUSD $ 6,047,422
Total revenue in current fiscal yearUSD $ 8,423,807
Total revenue in previous fiscal yearUSD $ 6,828,308
Contributions and grants from current yearUSD $ 3,289,858
Contributions and grants from previous yearUSD $ 4,022,867
Total of other revenueUSD $ 91,204
2015-06-30
Total unrelated business incomeUSD $ -38,432
Net unrelated business incomeUSD $ -38,432
Program Service Revenue from prior yearUSD $ 459
Program Service Revenue from current yearUSD $ 0
Investment Income from prior yearUSD $ 9,627,361
Investment Income from current yearUSD $ 2,389,874
Other Revenue from prior yearUSD $ 214,791
Other Revenue from current yearUSD $ 415,567
Gross receipts from all sourcesUSD $ 10,989,075
Net assets / fund balances at end of fiscal yearUSD $ 224,100,822
Net assets / fund balances at beginning of fiscal yearUSD $ 225,460,401
Total liabilities at end of fiscal yearUSD $ 3,163,982
Total liabilities at beginning of fiscal yearUSD $ 3,128,081
Total assets at end of fiscal yearUSD $ 227,264,804
Total assets at beginning of fiscal yearUSD $ 228,588,482
Revenues less expenses for current yearUSD $ -1,058,017
Revenues less expenses for previous yearUSD $ 54,980,201
Total expenses for current yearUSD $ 7,886,325
Total expenses for previous yearUSD $ 9,090,862
Other expenses in current yearUSD $ 849,666
Other expenses in previous yearUSD $ 738,488
Total fundraising expenses in current yearUSD $ 0
Professional fundraising fees from current yearUSD $ 0
Professional fundraising fees from previous yearUSD $ 0
Employee salary and benefits paid in current yearUSD $ 989,237
Employee salary and benefits paid in previous yearUSD $ 800,061
Benefits paid to or for members in current yearUSD $ 0
Benefits paid to or for members in previous yearUSD $ 0
Grants and similar amounts paid in current yearUSD $ 6,047,422
Grants and similar amounts paid in previous yearUSD $ 7,552,313
Total revenue in current fiscal yearUSD $ 6,828,308
Total revenue in previous fiscal yearUSD $ 64,071,063
Contributions and grants from current yearUSD $ 4,022,867
Contributions and grants from previous yearUSD $ 54,228,452
Total of other revenueUSD $ 152,217

Other Company Names associated with EIN

MEDICAL COLLEGE OF GEORGIA FOUNDATION

Organization Addresses

The following addresses have been detected as associated with Tax Indentification Number 580706796

USA Location Address
545 15TH STREET
AUGUSTA
GA
30901
Date first seen: 2007-01-01
Date last seen: 2025-07-31
401k Sponsor USA Address
545 15TH STREET
AUGUSTA
GA
30901
Date first seen: 2007-01-01
Date last seen: 2024-10-28
USA 401k Admin Address
270 PEACHTREE ST NW
ATLANTA
GA
GA
Date first seen: 2024-10-28
Date last seen: 2024-10-28
401k Sponsor USA Address
720 ST. SEBASTIAN WAY, SUITE 150
AUGUSTA
GA
30901
Date first seen: 2007-01-01
Date last seen: 2024-09-13

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