John P McGovern Foundation
The John P McGovern Foundation is a private foundation based in Houston, Texas, designated as a 501(c)(3) organization. The foundation has been tax-exempt since March 1963 and operates as a grantmaking institution focused on philanthropic support in the medical and healthcare sectors.
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$138.4M
+10.3% YoY
Annual Giving
$23.6M
+262.5% YoY
Grant Count
244
+15.6% YoY
Avg Grant Size
$97K
+213.5% YoY
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Geographic Focus
Where this funder awards grants
The foundation's grantmaking has a significant presence in Texas, with notable funding directed toward institutions in the Houston area and the broader state.
Grant Distribution by State
Cities
Financial History
Multi-year comparison from IRS filings
Based on 2023 financial data:
- Total Assets: $125 million
- Annual Revenue: $22.9 million
- Annual Expenses: $9.35 million
- Total Liabilities: $62.5 million
| Metric | 2024 | 2023 | 2022 |
|---|---|---|---|
| Total Assets | $138,354,350 | $125,486,624 | $119,788,592 |
| Revenue | $37,128,352 | $22,899,642 | $20,844,606 |
| Expenses | $10,650,295 | $9,350,082 | $23,601,166 |
| Qualifying Distributions | $24,050,343 | $7,088,989 | $8,702,947 |
| Net Investment Income | $10,076,216 | $5,266,468 | $3,245,725 |
| Distributable Amount | $6,592,106 | $5,935,279 | $6,159,377 |
Giving Over Time
Total grant dollars and number of grants per year
Grant Insights
How this funder distributes its grants
Top Recipients
Top 10 recipients in 2024
Grant Size Distribution
250 grants across all recorded years
Giving History
Grant recipients and amounts by year
No grants recorded for .
Leadership & Key People
Officers and directors from IRS filings
Compensation Overview
From 2024 IRS filing
From 2024 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| William C Shrader | President | 5 | $15,000 |
| Julia Mitchell | Vice President & Secretary | 20 | $143,681 |
| Sheila Lewis | Treasurer | 24 | $129,300 |
Recent News & Activity
Recent developments and announcements
The foundation has demonstrated substantial commitment to medical education and research:
**UTHealth Medical School Support:** The foundation awarded $75 million to UTHealth Medical School, reflecting a major institutional partnership. The medical school was renamed the John P. and Kathrine G. McGovern Medical School in recognition of the foundation's support.
20 Years of Grants - John P. and Kathrine G. McGovern Medical School at UTHealth**20-Year Grant History:** The foundation has maintained a 20-year history of grants supporting the McGovern Medical School, indicating sustained commitment to the institution's development and operations.
20 Years of Grants - John P. and Kathrine G. McGovern Medical School at UTHealth**Medical Research Funding:** The foundation supports faculty research initiatives, including grants for specialized medical research such as brain aneurysm studies conducted by McGovern Medical School faculty.
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Data last updated April 2026. Sourced from IRS Form 990-PF filings. Research dossier generated April 2026.
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