The Mcgee Foundation
SUMMARY OF DIRECT CHARITABLE ACTIVITIES TOTAL GRANTS PAID DURING THE YEAR EQUALED $800,350 AND WENT TO MANY DIFFERENT ORGANIZATIONS. TOTAL EXPENSES RELATED TO GRANTS AND PROGRAM RELATED INVESTMENTS TOTALED $37,389.79 THIS AMOUNT INCLUDES $10,986.23 IN PROFESSIONAL FEES, $26,596.60 IN CONTRACT ADMINISTRATION FEES, AND $106.96 IN MISCELLANEOUS EXPENSES. ALLOCATION BETWEEN INVESTMENT and CHARITABLE PURPOSE IS BASED ON THE APPROXIMATE TIME SPENT ON GRANTS and PROGRAM INVESTMENTS. IF NO ALLOCATION IS POSSIBLE, EXPENSES ARE SPLIT 15% TO INVESTMENTS AND 85% TO GRANT COSTS.
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