David and Arleen Mcglade Foundation Inc
David and Arleen Mcglade Foundation Inc is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in PENNINGTON, NJ. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $2.6M in total assets. In 2024, it awarded 9 grants totaling $97K. Net investment income was $493K.
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$2.6M
+1.6% YoY
Annual Giving
$97K
-4.8% YoY
Grant Count
9
-10.0% YoY
Avg Grant Size
$11K
+5.8% YoY
Under IRS private-foundation payout rules, David and Arleen Mcglade Foundation Inc reported a distributable amount of $130K for 2024 — the minimum it must pay out in qualifying distributions.
About David and Arleen Mcglade Foundation Inc
Based on IRS filings
David and Arleen Mcglade Foundation Inc is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in PENNINGTON, NJ. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $2.6M in total assets. In 2024, it awarded 9 grants totaling $97K. Net investment income was $493K.
Focus Areas
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Geographic Focus
Where this funder awards grants
Grant Distribution by State
Cities
Financial History
Multi-year comparison from IRS filings
| Metric | 2024 | 2023 | 2022 |
|---|---|---|---|
| Total Assets | $2,633,944 | $2,591,823 | $2,089,741 |
| Revenue | $166,368 | $620,789 | $114,848 |
| Expenses | $124,247 | $118,707 | $123,744 |
| Qualifying Distributions | $99,451 | $104,111 | $107,500 |
| Net Investment Income | $492,850 | $263,906 | $98,414 |
| Distributable Amount | $130,082 | $99,495 | $105,116 |
Giving Over Time
Total grant dollars and number of grants per year
Grant Insights
How this funder distributes its grants
Top Recipients
Top 9 recipients in 2024
Grant Size Distribution
55 grants across all recorded years
Giving History
Grant recipients and amounts by year
Among its reported 2024 grants, the largest include Stillpoint Marthas Vineyard Inc ($60,000), Circuit Arts Inc ($15,000), Woods Hole Oceanographic Institution ($10,000).
| Recipient | Purpose | Amount |
|---|---|---|
| CIRCUIT ARTS INC CHILMARK, MA | GENERAL SUPPORT | $15,000 |
| FLORIDA OCEANOGRAPHY STUART, FL | GENERAL SUPPORT | $2,500 |
| FREEDOM WRITERS FOUNDATION LONG BEACH, CA | GENERAL SUPPORT | $500 |
| STILLPOINT MARTHAS VINEYARD INC CHILMARK, MA | GENERAL SUPPORT | $60,000 |
| WOODS HOLE OCEANOGRAPHIC INSTITUTION WOODS HOLE, MA | GENERAL SUPPORT | $10,000 |
| MISTY MEADOWS EQUINE LEARNING CENTER VINEYARD HVN, MA | GENERAL SUPPORT | $2,200 |
| ROCKY MOUNTAIN PREPARATORY SCHOOLS DENVER, CO | EDUCATION | $500 |
| HARVARD UNIVERSITY CAMBRIDGE, MA | EDUCATION | $1,690 |
| WHALE TRUST PUUNENE, HI | GENERAL SUPPORT | $5,000 |
Leadership & Key People
Officers and directors from IRS filings
Compensation Overview
From 2024 IRS filing
From 2024 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| DAVID P MCGLADE | DIRECTOR, PRESIDENT | 1 | — |
| ARLEEN C MCGLADE | DIRECTOR, VICE PRESI | 1 | — |
| JASMINE A MCGLADE | DIRECTOR, SECRETARY | 1 | — |
| GRACE E HOWARD | DIRECTOR, TREASURER | 1 | — |
Subject Areas
Focus areas based on grantmaking activity
Frequently Asked Questions
What is David and Arleen Mcglade Foundation Inc?
David and Arleen Mcglade Foundation Inc is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in PENNINGTON, NJ. It holds $2.6M in total assets as of 2024.
How large is David and Arleen Mcglade Foundation Inc?
As of 2024, David and Arleen Mcglade Foundation Inc holds $2.6M in total assets with $166K in annual revenue. It awarded 9 grants totaling $97K in 2024.
Where does David and Arleen Mcglade Foundation Inc operate?
David and Arleen Mcglade Foundation Inc has awarded grants in California, Colorado, Florida, Hawaii, Massachusetts, Maryland, New York, Ohio, Wyoming.
What size grants does David and Arleen Mcglade Foundation Inc award?
In 2024, David and Arleen Mcglade Foundation Inc awarded 9 grants totaling $97K — an average of about $11K per grant, based on its IRS Form 990 filings.
How much is David and Arleen Mcglade Foundation Inc required to give away each year?
Private foundations must generally distribute about 5% of their assets annually. For 2024, David and Arleen Mcglade Foundation Inc reported a distributable amount of $130K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.
What is David and Arleen Mcglade Foundation Inc's EIN?
David and Arleen Mcglade Foundation Inc's EIN (Employer Identification Number) is 26-1595824. IRS Form 990 filing data is available on this page for 2020–2024.
Explore Open Grants
Browse active grant opportunities in David and Arleen Mcglade Foundation Inc's focus areas in our free grants database
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Data last updated April 2026. Sourced from IRS Form 990-PF filings.
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