Laurie C Mcgrath Foundation

Nonprofit profile at a glance

EIN
843696962
IRS 990-PF coverage
2020–2024
Forms available
Form 990-PF 2024
Location
San Diego, CA, USA
Phone
8589446990
Rating
90
Verdict
STRONG
Rating confidence
Standard
Sector
Fund Raising and/or Fund Distribution

Reported finances

Revenue
$2,175,566
Expenses
$3,148,919

Source: IRS Form 990-PF. Selected filing: tax year 2024. Amounts in USD.

Overview

Mission

Fund Raising and/or Fund Distribution

What it reported funding in 2024

The foundation reported 48 grants totaling $2,823,688. The stated grant purposes included assistance with access to abortion & choice by donation of 1,915 shares of emerson electric on 12/12/24 (book value of $176,685 - original cost method, fmv of $251,104 - hi/low method), assistance of animal sanctuary by donation of 500 shares of conoco philips on 12/12/24 (book value of $30,657 - original cost method, fmv of $50873 - hi/low method), and eliminating extreme animal cruelty, plus 39 other reported purposes.

Operating model

Revenue model
Investment-supported. 63% of the foundation's positive operating resources came from recurring investment income.
Distribution model
Grant intermediary. The foundation distributed 97% of its reported charitable disbursements as grants.
  • Includes asset-sale income: Asset-sale income is shown separately from recurring resources when classifying the revenue model.

The verdict

STRONG - A large share of available resources goes to charitable grants and the filed numbers largely add up. Assets provide a limited cushion relative to annual grants.

Rating breakdown

  • Grant Deployment: 89
  • Cost Efficiency: 90
  • Transparency: 100
  • Compliance: 100
  • Endowment Health: 55

Detailed rating inputs

Grant Deployment

  • Grant deployment ratio: 89.2%; rating input score 89; 25th percentile among comparable filings

Cost Efficiency

  • Grant expense ratio: 89.7%; rating input score 90; 72nd percentile among comparable filings

Transparency

  • Grant recipient disclosure: Yes; rating input score 100

Compliance

  • Part VII-B activity disclosures: 19 of 19 controls in place; rating input score 100
    • Property sale or exchange with a disqualified person: Pass
    • Borrowing from or lending to a disqualified person: Pass
    • Goods, services, or facilities involving a disqualified person: Pass
    • Compensation paid to a disqualified person: Pass
    • Assets transferred to a disqualified person: Pass
    • Payment to a government official: Pass
    • Uncorrected prior self-dealing: Pass
    • Prior-year undistributed income: Pass
    • Excess business holdings: Pass
    • Investments that may jeopardize charitable purposes: Pass
    • Uncorrected prior-year jeopardizing investments: Pass
    • Attempt to influence legislation: Pass
    • Attempt to influence an election: Pass
    • Grants to individuals: Pass
    • Grants to organizations: Pass
    • Spending for a noncharitable purpose: Pass
    • Funds received for a personal-benefit contract: Pass
    • Premiums paid on a personal-benefit contract: Pass
    • Prohibited tax-shelter transaction: Pass
  • Filing consistency checks: 9; rating input score 100

Endowment Health

  • Endowment-health comparison: 21.64; rating input score 55; 55th percentile among comparable filings

Details

  • Where the money goes: Financial trends and filed revenue, expense, asset, and liability detail
  • Grants: 100% of grant recipient detail disclosed
  • Payout: 89.2% grant deployment rate
  • Trustees: Filed trustees detail
  • Self-dealing: 100% of reviewed questions answered “No”
  • Investments: 55th percentile for endowment coverage
  • Consistency: 9 of 9 current checks pass
  • Filing history: 4 filing years from 2020 to 2024
  • Contacts: How to reach this organization
  • Money network: 49 filed money-flow records
  • Grant readiness: Federal tax and exclusion status, award history, and grant-maker relationships.
  • People: Everyone the filings name, and which of them the filings identify by more than a name.

Key Signals

Signals prioritize questions for review. They are not findings of misconduct.

  • Review — Endowment Health: Endowment-health comparison scored 55/100.