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MacArthur Foundation - 2023 Audit PDF
webCredibility Rating
4/5
High(4)High quality. Established institution or organization with editorial oversight and accountability.
Rating inherited from publication venue: MacArthur Foundation
This financial audit is tangentially relevant to AI safety as MacArthur Foundation funds some technology governance work, but it is primarily an institutional financial document with limited direct relevance to AI safety research or policy analysis.
Metadata
Importance: 12/100organizational reportreference
Summary
This is the MacArthur Foundation's official 2023 financial audit document, providing a formal accounting of the foundation's financial position, assets, liabilities, and grant expenditures. As a major philanthropic organization funding technology policy and AI governance work, this document offers transparency into the foundation's financial stewardship and grantmaking activities.
Key Points
- •Official audited financial statements for the MacArthur Foundation for fiscal year 2023
- •Provides transparency into foundation assets, liabilities, and net assets relevant to grantmaking capacity
- •MacArthur funds work in technology policy and governance areas that intersect with AI safety concerns
- •Useful for understanding the scale and financial health of a major funder in the policy/governance space
Cited by 1 page
| Page | Type | Quality |
|---|---|---|
| MacArthur Foundation | Organization | 65.0 |
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JOHN D. AND CATHERINE T.
MACARTHUR FOUNDATION
Consolidated Financial Statements
December 31, 2023 and 2022
(With Independent Auditors’ Report Thereon)
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JOHN D. AND CATHERINE T.
MACARTHUR FOUNDATION
Table of Contents
Page(s)
Independent Auditors’ Report 1–2
Consolidated Financial Statements:
Consolidated Statements of Financial Position 3
Consolidated Statements of Activities 4
Consolidated Statements of Cash Flows 5
Notes to Consolidated Financial Statements 6–22
Supplementary Information:
Consolidating Statement of Financial Position 23
Consolidating Statement of Activities 24
Consolidating Statement of Cash Flows 25
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KPMG LLP
Aon Center
Suite 5500
200 E. Randolph Street
Chicago, IL 60601-6436
KPMG LLP, a Delaware limited liability partnership and a member firm of
the KPMG global organization of independent member firms affiliated with
KPMG International Limited, a private English company limited by guarantee.
Independent Auditors’ Report
Board of Directors
John D. and Catherine T. MacArthur Foundation:
Opinion
We have audited the consolidated financial statements of John D. and Catherine T. MacArthur Foundation (the
Foundation), which comprise the consolidated statements of financial position as of December 31, 2023 and
2022, and the related consolidated statements of activities and cash flows for the years then ended, and the
related notes to the consolidated financial statements.
In our opinion, the accompanying consolidated financial statements present fairly, in all material respects, the
financial position of the Foundation as of December 31, 2023 and 2022, and the results of its operations and its
cash flows for the years then ended in accordance with U.S. generally accepted accounting principles.
Basis for Opinion
We conducted our audits in accordance with auditing standards generally accepted in the United States of
America (GAAS). Our responsibilities under those standards are further described in the Auditors’
Responsibilities for the Audit of the Consolidated Financial Statements section of our report. We are required to
be independent of the Foundation and to meet our other ethical responsibilities, in accordance with the relevant
ethical requirements relating to our audits. We believe that the audit evidence we have obtained is sufficient
and appropriate to provide a basis for our audit opinion.
Responsibilities of Management for the Consolidated Financial Statements
Management is responsible for the preparation and fair presentation of the consolidated financial statements in
accordance with U.S. generally accepted accounting principles, and for the design, implementation, and
maintenance of internal control relevant to the preparation and fair presentation of consolidated financial
statements that are free from material misstatement, whether due to fraud or error.
In preparing the consolidated financial statements, management is required to evaluate whether there are
conditions or events, considered
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