History 2013 Donations Applications
Donation Policy 2014 Donations Financial Info

 

 

History

 

 

 

The McLean Foundation was established in 1945 by the late Mr. J. S. McLean with an initial gift of $505,400. Mr. McLean made additional gifts from time to time until his death on September 1st, 1954. These gifts, augmented by a bequest under his will, totalled $1,301,000.

Mrs. J. S. McLean also made gifts and bequests to the Foundation, to a total value of approximately $450,000. Mr. and Mrs. McLean’s children, Mr. William F. McLean and Mrs. Mary F. Stewart, made bequests to the Foundation in their wills in 2001 and 2009 respectively.

The net assets of the Foundation have now grown to $50,713,900 based on market values at December 31st, 2014.

The investment policy followed by the Foundation represents an attempt to steer a middle course between fixed income investments, which offer the highest immediate income but little protection against inflation, and common stocks, which generally yield a relatively low immediate dividend but which show promise of dividend growth and appreciation in value. By this means, the Directors hope to provide substantial income available for current disbursement, with a reasonable prospect that income in future years may grow sufficiently to permit meaningful contributions in line with the increasing needs of recipient organizations.

In the 70 years of its existence, The McLean Foundation has received investment income of $45,060,087 and has paid out a total of $48,483,952.

An analysis by category of donations paid out from 1945 to 2014 is shown in Figure 1. During the past year, the Foundation has paid out a total of $1,552,600. An analysis by category is shown in Figure 2.

Figure 1 - Donation Payments 1945 - 2014

 

 The Arts

$11,601,311

 Education

$7,305,926

 General

$5,181,104

 Conservation

$9,254,106

 Health

$4,758,491

 Welfare

$10,383,014

Figure 2 - Donation Payments 2014

 

 The Arts

$298,250

 Education

$56,500

 General

$170,950

 Conservation

$534,000

 Health

$113,000

 Welfare

$379,900




 

 

Home | History | Organization & Donations Policy | Application Procedure | 2014 Donations | 2013 Donations | Financial Info

© Copyright 2015 The McLean Foundation | Mr. McLean’s Photograph Copyright Karsh, Ottawa