M.J. Murdock Charitable Trust

M.J. Murdock Charitable Trust
Named after Melvin Jack Murdock
Established 1975
Legal status charity
Headquarters Vancouver, Washington
Region
Pacific Northwest
Executive Director
 Steve Moore
Key people
 Jeff Grubb, Jeff Pinneo, and John Castles, Trustees
Disbursements US$ 57 million
(year total, 2018)[1]
US$ 951 million
(cumulative total, as of 2018)[1]
Endowment (1971) $80 million USD (91 million by 1975)

The M.J. Murdock Charitable Trust is a private, nonprofit foundation based in Vancouver, Washington.

History

Following the 1971 death of Tektronix co-founder Jack Murdock, $90 million from his estate was transferred to a charitable foundation which, in 1975, became the M.J. Murdock Charitable Trust.[2][3] The Trust was initially overseen by Tektronix General Counsel James B. Castles, attorney Paul L. Boley, and Walter P. Dyke as Trustees, with Sam C. Smith appointed as its first CEO.[4]

The Trust is currently led by executive director Steve Moore, and a board of three trustees: Jeff Grubb, Jeff Pinneo, and John W. Castles (son of James B. Castles).[5]

Activities

Based in Vancouver, Washington, the trust funds projects that serve four primary areas: scientific research, arts and culture, education and health and human services needs to nonprofits that serve the Pacific Northwest, specifically Alaska, Idaho, Montana, Oregon and Washington.[6] In 2016, the Murdock Trust awarded approximately $49 million to nonprofit organizations.[7] The Murdock Trust also hosts training and convening programs for educators, students and nonprofits in the Pacific Northwest.[8][9]

Criticism

The Murdock Trust's funding priorities have been criticized in recent years for its donations to political organizations.[10] The Murdock Trust has donated at least $975,000 to the Alliance Defending Freedom, including $375,000 in 2016.[11] The Alliance Defending Freedom has been described as an anti-LGBTQ organization, designated a "hate group" in February 2017 by the Southern Poverty Law Center.[12] Trustee Jeff Grubb responded by stating that "the Murdock Trust does not give money to anti-gay or anti-women groups."[13]

References

  1. 1 2 "Record Year of Giving from the M.J. Murdock Charitable Trust". M.J. Murdock Charitable Trust (Press release). 29 June 2018.
  2. ↑ Pat Jollota (2012). "Legendary Locals of Vancouver, Washington". Arcadia Publishing. p. 124. Retrieved 2017-10-18.
  3. ↑ "Melvin J. Murdock". Clark History. Retrieved 10 January 2018.
  4. ↑ "History". M. J. Murdock Charitable Trust. MurdockTrust.org. Retrieved 24 September 2018.
  5. ↑ "M.J. Murdock Charitable Trust announces new trustee". Daily Insider. Retrieved 20 January 2018.
  6. ↑ "Grant Opportunities". Murdock Trust Website. Retrieved 1 January 2018.
  7. ↑ "Murdock Trust Awarded $50M Across Region in 2016". Philanthropy Northwest. Retrieved 1 January 2018.
  8. ↑ "C of I science students present research at 2017 Murdock conference". The College of Idaho. Retrieved 1 January 2018.
  9. ↑ "Partners in Science program brings researchers, teachers together to get students excited about science". OHSU. Retrieved 1 January 2018.
  10. ↑ Monahan, Rachel (2016-04-11). "A Vancouver Charity is Funding a Group Backing North Carolina's Anti-Transgender "Bathroom Bill"". Willamette Week. Retrieved 2017-06-23.
  11. ↑ Grants Awarded," Murdock Trust website
  12. ↑ "Alliance Defending Freedom". Southern Poverty Law Center. Retrieved 2017-06-23.
  13. ↑ Mathew Kish (May 1, 2017). "Controversial Wells Fargo executive announces retirement". Portland Business Journal.
This article is issued from Wikipedia. The text is licensed under Creative Commons - Attribution - Sharealike. Additional terms may apply for the media files.