John and Margaret Sinclairefoundation Inc

Overview

The John and Margaret Sinclairefoundation Inc is a private foundation located in Pittsford, New York, USA. It was established in 2007 and is primarily focused on educational and charitable activities.

Mission and Activities

The foundation emerged from discussions between Margaret Sinclaire and her adult children, reflecting a commitment to philanthropic endeavors. It operates under the category of educational institutions and related activities, as well as fund-raising and/or fund distribution, according to the National Taxonomy of Exempt Entities (NTEE).

Financial Overview

As a non-profit organization, the John and Margaret Sinclairefoundation Inc files annual reports with the IRS, providing insights into its financial activities. Contributions received constitute the majority of its revenue, with significant portions allocated to charitable disbursements. The foundation manages substantial assets, with no reported liabilities. In recent years, it has actively engaged in grant-making activities, supporting various organizations through numerous awards.

Grants and Awards

In 2023, the foundation awarded $181,497 in grants across 13 awards. This level of engagement is consistent with previous years, where it also distributed multiple grants in support of its charitable goals. The awards are typically directed towards educational and charitable initiatives, reflecting the foundation's purpose.

Legal Status

Donations to the John and Margaret Sinclairefoundation Inc are tax-deductible, aligning with its status as a public charity. This status allows donors to benefit from tax deductions while supporting the foundation's mission.

Conclusion

The John and Margaret Sinclairefoundation Inc plays a role in fostering educational and charitable activities through its financial support and grant-making. Its focus on making impactful charitable disbursements underscores its commitment to creating positive change within communities it supports.