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 assets of the Foundation have now grown to $43,166,840 based on market values at December 31st, 2010.

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 65 years of its existence, The McLean Foundation has received net investment income of $39,512,777 and has paid out a total of $42,517,202.

An analysis by category of donations paid out from 1945 to 2010 is shown in Figure 1. During the past year, the Foundation has paid out a total of $1,526,875. An analysis by category is shown in Figure 2.

Figure 1 - Donation Payments 1945 - 2010
	The Arts	$10,434,561
	Education	$6,977,926
	General	$4,519,284
	Conservation	$7,446,776
	Health	$4,322,491
	Welfare	$8,816,164