The McConnell Family Foundation
EIN 463817378About
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 July 31, 2021, the Foundation made distributions from assets from sources other than current income. Collectively, the distributions in excess of current income totaled $226,733. This amount represents 25% or more of the Foundation's net assets of $427,726 (as measured by fair market value) at the beginning of the Foundation's taxable year ending July 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 XV, 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 | $302K | $53K | $361K | 7 |
| 2017 | $258K | $9K | $219K | 10 |
| 2018 | $182K | $150 | $179K | 5 |
| 2020 | $369K | $428K | $718K | 8 |
| 2021 | $227K | $1.5M | $1.3M | 6 |
| 2022 | $222K | $1.7M | $588K | 6 |
| 2023 | $93K | $1.7M | $-32K | 4 |
| 2024 | $63K | $2.0M | $148K | 3 |
Grant Size Distribution
Based on 49 grants on record
Geographic Distribution
Officers & Directors
Grants Awarded (49 total)
| Purpose | ||||
|---|---|---|---|---|
| Nativity Preparatory School | Wilmington, DE | $118,000 | General & Unrestricted | 2017 |
| Boy Scouts of America | Dover, DE | $100,000 | General & Unrestricted | 2020 |
| Salesianum School Inc | Wilmington, DE | $100,000 | Financial Aid Fund | 2016 |
| Faithful Friends Inc | Wilmington, DE | $83,334 | Building Compassion Capital Campaign | 2020 |
| Faithful Friends Inc | Wilmington, DE | $83,333 | Building Compassion Capital Campaign | 2021 |
| Faithful Friends Inc | Wilmington, DE | $83,333 | Building Compassion Capital Campaign | 2022 |
| Nativity Preparatory School | Wilmington, DE | $76,000 | General & Unrestricted | 2018 |
| Limen House Inc | Wilmington, DE | $60,000 | General & Unrestricted | 2020 |
| Trustees of the University of Pennsylvania | Philadelphia, PA | $50,000 | Philly Fights Cancer | 2020 |
| Ursuline Academy of Wilmington Delaware Inc | Wilmington, DE | $50,000 | 1313 Innovation | 2020 |
| Limen House Inc | Wilmington, DE | $50,000 | General & Unrestricted | 2021 |
| Ursuline Academy of Wilmington Delaware Inc | Wilmington, DE | $50,000 | 1313 Innovation fund | 2021 |
| Serviam Girls Academy Inc | New Castle, DE | $50,000 | Sponsorship of students fund | 2016 |
| University of Delaware | Newark, DE | $50,000 | Paul & Linda McConnell Youth Entrepreneurship Initiative | 2016 |
| West Virginia Univ Foundation Inc | Morgantown, WV | $50,000 | Mountaineer Innovation Fund | 2016 |
| University of Delaware | Newark, DE | $50,000 | Horn Entrepreneurship Program | 2022 |
| Serviam Girls Academy Inc | New Castle, DE | $50,000 | General & Unrestricted | 2018 |
| Ursuline Academy of Wilmington Delaware Inc | Wilmington, DE | $40,000 | Paul & Linda McConnell Lower School Tuition Assistance fund | 2023 |
| Ursuline Academy of Wilmington Delaware Inc | Wilmington, DE | $40,000 | Paul & Linda McConnell Lower School Tuition Assistance Fund | 2024 |
| Ursuline Academy of Wilmington Delaware Inc | Wilmington, DE | $40,000 | Paul & Linda McConnell Lower School Tuition Assistance Fund | 2022 |
| Ursuline Academy of Wilmington Delaware Inc | Wilmington, DE | $37,500 | 1313 Innovation Center Program | 2017 |
| Ursuline Academy of Wilmington Delaware Inc | Wilmington, DE | $37,500 | 1313 Innovation Program | 2018 |
| Teach for America | Wilmington, DE | $35,000 | Lead for Delaware Sponsorship Initiative | 2016 |
| Faithful Friends Inc | New Castle, DE | $30,000 | Challenge Program | 2023 |
| Summer Learning Collaborative | Wilmington, DE | $25,400 | General & Unrestricted | 2017 |