Thomas R and Kathy S McPherson Family
EIN 261207871 Private FoundationAbout
As explained below, the Foundation has no plans for dissolution. This statement is submitted to report the distribution of certain assets during the year. The distributions resulted in a substantial contraction of assets. The following information is submitted in accordance with Treasury Regulation Section 1.6043-3(a)(1) and the Form 990-PF instructions: During the taxable year ending December 31, 2021, the Foundation made distributions from assets from sources other than current income. Collectively, the distributions in excess of current income totaled $97,167. This amount represents 25% or more of the Foundation's net assets of $167,234 (as measured by fair market value) at the beginning of the Foundation's taxable year ending December 31, 2021. Although the Foundation technically experienced a substantial contraction, it will continue in existence and has no plans for dissolution. The Foundation made distributions of cash to the grantees listed in the attachment to Part XIV, Line 3a; each such grant was made solely for the charitable purpose specified therein.
Focus Areas
Application Information
Financial Trends
Giving Over Time
Total Assets Over Time
View financial data as table
| Year | Total Giving | Total Assets | Revenue | Grants |
|---|---|---|---|---|
| 2016 | $78K | $461K | $25K | 14 |
| 2017 | $81K | $434K | $28K | 15 |
| 2018 | $109K | $300K | $35K | 11 |
| 2020 | $72K | $167K | $-13K | 10 |
| 2021 | $97K | $181K | $123K | 6 |
| 2022 | $88K | $158K | $100K | 9 |
| 2023 | $100K | $63K | $-11K | 10 |
| 2024 | $78K | $56K | $76K | 6 |
Grant Size Distribution
Based on 81 grants on record
Geographic Distribution
Officers & Directors
Grants Awarded (81 total)
| Purpose | ||||
|---|---|---|---|---|
| Brownson Memorial Presbyterian Church | Southern Pines, NC | $30,000 | General & Unrestricted | 2022 |
| Brownson Memorial Presbyterian Church | Southern Pines, NC | $30,000 | General & Unrestricted | 2018 |
| Brownson Memorial Presbyterian Church | Southern Pines, NC | $30,000 | General & Unrestricted | 2020 |
| Brownson Memorial Presbyterian Church | Southern Pines, NC | $30,000 | General & Unrestricted | 2021 |
| Brownson Memorial Presbyterian Church | Southern Pines, NC | $30,000 | General & Unrestricted | 2023 |
| Brownson Memorial Presbyterian Church | Southern Pines, NC | $30,000 | General & Unrestricted | 2024 |
| Brownson Memorial Presbyterian Church | Southern Pines, NC | $26,250 | General & Unrestricted | 2017 |
| Brownson Memorial Presbyterian Church | Southern Pines, NC | $25,000 | Brownson Endowment Fund - Missions and Outreach Program | 2018 |
| Judson Theatre Inc | Southern Pnes, NC | $25,000 | General & Unrestricted | 2021 |
| Judson Theatre Inc | Southern Pnes, NC | $25,000 | General & Unrestricted | 2023 |
| Judson Theatre Inc | Pinehurst, NC | $25,000 | General & Unrestricted | 2024 |
| Brownson Memorial Presbyterian Church | Southern Pines, NC | $25,000 | General & Unrestricted | 2016 |
| Given Memorial Library | Pinehurst, NC | $20,000 | General & Unrestricted | 2016 |
| Given Memorial Library | Pinehurst, NC | $17,500 | General & Unrestricted | 2017 |
| Sandhills Community College Foundation Inc | Pinehurst, NC | $16,667 | General & Unrestricted | 2022 |
| Sandhills Community College Foundation Inc | Pinehurst, NC | $16,667 | Capital Campaign | 2018 |
| Sandhills Community College Foundation Inc | Pinehurst, NC | $16,667 | Sandhills Community College Capital Campaign | 2020 |
| Sandhills Community College Foundation Inc | Pinehurst, NC | $16,667 | Sandhills Community College Capital Campaign | 2021 |
| Sandhills Community College Foundation Inc | Pinehurst, NC | $16,667 | General & Unrestricted | 2023 |
| Boys and Girls Club of the Sandhills Inc | Southern Pines, NC | $11,500 | Building Great Futures Campaign | 2022 |
| First Health of the Carolinas Inc - the Foundation | Pinehurst, NC | $10,000 | Health care system | 2022 |
| Northern Moore Family Resource Center Inc | Robbins, NC | $10,000 | General & Unrestricted | 2021 |
| First Health of the Carolinas Inc - the Foundation | Pinehurst, NC | $10,000 | Health care system including cancer center, hospice, and Clara's House | 2023 |
| First Health of the Carolinas Inc | Pinehurst, NC | $10,000 | Health care system including cancer center, hospice, and Clara's House | 2024 |
| Davidson College | Davidson, NC | $10,000 | Class of 1976 40th Reunion | 2016 |
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