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35-474: The John D. and Catherine T. MacArthur Foundation is a private foundation that makes grants and impact investments to support non-profit organizations in approximately 117 countries around the world. It has an endowment of $ 7.6 billion and provides approximately $ 260 million annually in grants and impact investments. It is based in Chicago , and in 2014 it was the 12th-largest private foundation in

70-544: A $ 100 million grant every three years to a single proposal. John D. MacArthur owned Bankers Life and Casualty and other businesses, as well as considerable property holdings in Florida and New York. His wife, Catherine , held positions in many of these companies. Their attorney, William T. Kirby , and Paul Doolen, their chief financial officer, suggested that the family create a foundation to be endowed by their vast fortune. When MacArthur died on January 6, 1978, he

105-449: A candidate. Nominators, serving confidentially, anonymously and for a limited time, are invited to recommend potential Fellows. Candidates are reviewed by a selection committee whose members also serve confidentially, anonymously and for a limited time. Ultimately, the selection committee makes recommendations to the foundation's board of directors for final approval. The foundation awarded a total of around $ 850,000 in six separate grants to

140-490: A congratulatory phone call. MacArthur Fellow Jim Collins described this experience in an editorial column of The New York Times . Marlies Carruth is the program's current director. As of 2023, since 1981, 1131 people have been named MacArthur Fellows, ranging in age from 18 to 82. In the five broad categories defined by the foundation, the breakdown for recipient focus is as follows: Arts 336; Humanities 170; Public Issues 257; STEM 335; and Social Sciences 120. Of

175-415: A former such entity). It is defined by a negative definition: by what it is not. A private foundation is not a public charity , as described in section 170(b)(1)(A) (i) through (vi). Neither is it a section 509(a)(2) organization, nor a supporting organization . Private foundations are subject to 1.39% excise taxes found in section 4940 through 4945 of the internal revenue code. Once a charity becomes

210-421: A legal battle against the foundation for control of the board of directors. The younger MacArthur sued eight members of the board, accusing them of mismanagement of the foundation funds. These court cases were dismissed by each jurisdiction for lack of merit. In 1984, MacArthur again sued the board of directors including William Kirby, his father's trusted attorney, asking a Cook County circuit court to liquidate

245-507: A person's originality, insight, and potential", but it also says such potential is "based on a track record of significant accomplishments". The current prize is $ 800,000 paid over five years in quarterly installments. Previously, it was $ 625,000. This figure was increased from $ 500,000 in 2013 with the release of a review of the MacArthur Fellows Program. The award has been called "one of the most significant awards that

280-488: A private foundation, it retains that status unless it follows the difficult termination rules of section 507. Every organization that qualifies for tax exemption as an organization described in section 501(c)(3) is a private foundation unless it falls into one of the categories specifically excluded from the definition of that term (referred to in section 509(a)). In addition, certain nonexempt charitable trusts are also treated as private foundations. Organizations that fall into

315-489: A specific purpose. A private foundation may have diverse purposes, including collective, familiar, or the purpose of passive administration of funds. Normally, the supervision of a private foundation is done by the county government where the foundation has its domicile, however, large foundations must be registered by the County Administrative Board (CAB), which must also supervise the administration of

350-442: Is made up of a majority of directors at arm's length. A private foundation is not allowed to engage in any business activity, but it can operate its own charitable program. The Canada Revenue Agency designates the application as a "charitable organization", a "public foundation", or a "private foundation", depending on its structure, its source of funding and its operation. The Income Tax Act requirements are different, depending on

385-443: Is not a reward for past accomplishment, but an investment in a person's originality and potential. As of 2015, MacArthur Fellows receive $ 625,000 each, which is paid out in quarterly installments over five years. The Chicago Foundation for Women was one of the nonprofit organizations to receive a US$ 1 million four-year grant in 2017. No one can apply for the program, and, generally, no one knows whether they are being considered as

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420-623: Is the largest private foundation in the U.S. with over $ 38 billion in assets. Most private foundations are much smaller. Out of the 84,000 private foundations that filed with the IRS in 2008, approximately 66% have less than $ 1 million in assets, and 93% have less than $ 10 million in assets. In aggregate, private foundations in the U.S. control over $ 628 billion in assets and made more than $ 44 billion in charitable contributions in 2007. The following foundations are set up under civil law legal systems: The Austrian Private Foundation (Privatstiftung)

455-417: Is truly 'no strings attached ' ". The program does not accept applications. Anonymous and confidential nominations are invited by the foundation and reviewed by an anonymous and confidential selection committee of about a dozen people. The committee reviews all nominees and recommends recipients to the president and board of directors . Most new fellows first learn of their nomination and award upon receiving

490-606: The Canada Revenue Agency is a branch of the Canadian government which regulates all foundations. Under Canadian law, since 1967, a private foundation is controlled by a single donor or family through a board that is made up of a majority (more than 50%) of directors at non-arm's length. It is a legally registered charity with the Canada Revenue Agency. A public foundation is governed by a board that

525-534: The John D. and Catherine T. MacArthur Foundation to typically between 20 and 30 individuals working in any field who have shown "extraordinary originality and dedication in their creative pursuits and a marked capacity for self-direction" and are citizens or residents of the United States . According to the foundation's website, "the fellowship is not a reward for past accomplishments but rather an investment in

560-476: The OECD , the foundation's financing for 2019 development increased by 27% to US$ 109 million. The MacArthur Fellows Program , commonly referred to as the "genius" award, annually gives $ 800,000 no-strings-attached grants to around two dozen creative individuals in diverse fields "who have shown extraordinary originality and dedication in their creative pursuits". The foundation's 100&Change competition awards

595-630: The Russian Guild of Film Directors between 2005 and 2014 to support the Stalker Human Rights Film Festival in Moscow . In June 2016, the foundation requested "proposals promising real progress toward solving a critical problem of our time in any field or any location". The winning proposal would receive a $ 100 million grant. Almost 2,000 proposals were submitted. In December 2017, the foundation announced that

630-500: The 965 terminal degrees earned by 928 fellows during the period 1981 through 2018, 540 (56%) are doctorates, with the Ph.D. accounting for 514 (53.3%). Ivy league schools awarded 306 (31.7%) degrees to 300 (32.3%) fellows. The award is made to individuals of varying educational background but among the 1131 fellowship awards through the class of 2023, the following ten institutions have the most alumni fellows, with Harvard University having

665-552: The United States. It has awarded more than US$ 8.27 billion since its first grants in 1978. The foundation's stated purpose is to support "creative people, effective institutions, and influential networks building a more just, verdant, and peaceful world". MacArthur's grant-making priorities include mitigating climate change , reducing jail populations, decreasing nuclear threats, supporting nonprofit journalism, and funding local needs in its hometown of Chicago. According to

700-428: The board of directors. The elder MacArthur believed in the free market. However, he did not direct how foundation money was to be spent after he died. MacArthur told the board of directors, "I figured out how to make the money. You fellows will have to figure out how to spend it." Between 1979 and 1981, John's son, an ideological opponent of his father with whom the elder MacArthur had an acrimonious relationship, waged

735-527: The characteristics of the legal entities existing under the status of "Foundations" is a wide diversity of structures and purposes. Nevertheless, there are some common structural elements that are the first observed under legal scrutiny or classification. Some of the above must be, in most jurisdictions, expressed in the document of establishment. Others may be provided by the supervising authority at each particular jurisdiction. The following foundations are set up under common law legal systems : In Canada ,

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770-410: The communities of Charleston County, South Carolina, Minnehaha County, South Dakota; The city and county of San Francisco; and Tulsa County, Oklahoma with $ 5 million in grant funding to create a unique plan to bring together government officials, non-profit partners, and impacted communities members to develop innovative approaches to this issue. MacArthur has awarded $ 3.2 million in support of the work in

805-402: The entire MacArthur Foundation. He dropped the suit later that year when he was diagnosed with pancreatic cancer. John E. Corbally , the first president of the foundation and later board chairman from 1995 to 2002, was followed in 1989–99 by Adele Simmons , who was the first female dean at Princeton University . Jonathan Fanton , president of American Academy of Arts and Sciences , served as

840-540: The excluded categories are institutions such as hospitals or universities and those that generally have broad public support or actively function in a supporting relationship to such organizations. In the United States, there are several restrictions and requirements on private foundations, including: Violations of these provisions give rise to taxes and penalties against the private foundation and, in some cases, its managers, its substantial contributors, and certain related persons. The Bill & Melinda Gates Foundation

875-486: The foundation's next president. Robert Gallucci , formerly dean of Georgetown University 's School of Foreign Service, served as the foundation's fourth president from 2009 to 2014. Gallucci was fired in 2014. Julia Stasch, who formerly served as MacArthur's vice president for U.S. Programs, was named the foundation's president in 2015. Stasch had been chief of staff to Chicago mayor Richard M. Daley . She announced that she would step down in 2019. In March 2019, John Palfrey

910-649: The foundation. The main legal instruments governing private foundations in Sweden are those that regulate foundations in general: the Foundation Act (1994:1220) and the Regulation for Foundations (1995:1280). MacArthur Fellows Program The MacArthur Fellows Program , also known as the MacArthur Fellowship and colloquially called the " Genius Grant ", is a prize awarded annually by

945-640: The founder and beneficiaries are non-residents of Mauritius. A foundation in the Netherlands (Stichting) is a legal person created through a legal act. This act is usually either a notarised deed (or a will) that contains the articles of the foundation which must include the first appointed board. Foundation legislation was last reformed in 1998, giving rise to the Netherlands Antilles Private Foundation (Stichting Particulier Fonds). The Nevis Multiform Foundation

980-670: The private foundation to beneficiaries. The Liechtenstein Family Foundation (Stiftung) was first introduced in 1926 and updated by the Act Reforming the Persons and Companies Act in 2008 which included a new Act on Foundations. They are allowed to pursue non-commercial and/or private benefit purposes. Private Benefit Family Foundation pays no taxes. The Mauritius Foundation was introduced following 'The Foundations Act' of 2012. Such entities are tax exempt as long as

1015-550: The selected communities and an additional $ 1.8 million will support the Urban Institute's technical assistance work. Private foundation Unlike a charitable foundation , a private foundation does not generally solicit funds from the public or have the legal requirements and reporting responsibilities of a registered non-profit or charitable foundation. Not all foundations engage in philanthropy; some private foundations are used for estate planning purposes. One of

1050-653: The type of charity ( Income Tax Act , R.S.C. 1985 (5th supp.) c. 1, para. 149.1(4)(a)). Foundations were first introduced in The Bahamas in December 2004 following the Foundations Act. A private foundation, in the United States, is a charitable organization described in the Internal Revenue Code by section 509. A private foundation is necessarily a 501(c)(3) exempt organization (or

1085-567: The winning proposal was submitted by the Sesame Workshop and the International Rescue Committee . The grant was applied to the education of Middle Eastern refugee children. In May 2022, The MacArthur Foundation, partnered with the Urban Institute announced the launch of a housing stability program designed to break the links between housing instability and jail incarceration. The Just Home Project will provide

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1120-534: Was introduced in 2005. The Panama Private Interest Foundation was introduced following the Law 25, June 12, 1995. The Saint Kitts Foundation was introduced following the Foundation Act of 2003. The Seychelles Foundation was introduced following the Foundation Act of 2009. A private foundation in Sweden (Stiftelse) is formed by a letter of donation from a founder donating funds or assets to be administered for

1155-557: Was last reformed under the Private Foundation Act in September 1993. The Austrian private foundation is considered a legal person having beneficiaries rather than shareholders or proprietors and may be established for any purpose. There are three levels of taxation related to Austrian private foundations: taxation of asset transfers, ongoing taxation of the private foundation's income; and taxation of distributions from

1190-473: Was named president, effective September 1, 2019. The MacArthur Fellowship is an award issued by the MacArthur Foundation each year, to typically 20 to 30 citizens or residents of the United States, of any age and working in any field, who "show exceptional merit and promise for continued and enhanced creative work". The program was initiated in 1981. According to the foundation, the fellowship

1225-460: Was worth in excess of a billion dollars. He left 92 percent of his estate to found the John D. and Catherine T. MacArthur Foundation. Its first board of directors, per MacArthur's will, also included J. Roderick MacArthur , John's son from his first marriage, two other officers of Bankers Life and Casualty, and radio commentator Paul Harvey . Jonas Salk , the inventor of the polio vaccine, later joined

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