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Non-Profit Foundation
rkmf.org

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Investments

19

Portfolio Exits

3

Partners & Customers

3

About Richard King Mellon Foundation

King Mellon Foundation invests in the future of Southwestern Pennsylvania, and in the protection and restoration of America's environmental heritage.

Richard King Mellon Foundation Headquarter Location

500 Grant St. Suite 4106

Pittsburgh, Pennsylvania, 15219,

United States

412-392-2800

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Latest Richard King Mellon Foundation News

11:30 EDT THE ANDY WARHOL MUSEUM TO LAUNCH BOLD NEW PROJECT TO INCREASE ECONOMIC DEVELOPMENT AND MUSEUM'S IMPACT IN PITTSBURGH A...

May 20, 2022

News provided by Share this article Share this article "THE POP DISTRICT" WILL FEATURE A LARGER CULTURAL HUB FOR LIVE MUSIC, EVENTS, PUBLIC ART, EXPANDED PROGRAMMING AND A HOME FOR CREATIVE WORKFORCE DEVELOPMENT. RICHARD KING MELLON FOUNDATION AND HENRY L. HILLMAN FOUNDATION PROVIDE LEAD GIFTS TOTALING $25 MILLION. PITTSBURGH, May 20, 2022 /PRNewswire/ -- The Andy Warhol Museum announced today that the museum will spearhead a major new cultural and economic development project that intends to transform a six-block section of the museum's neighborhood on Pittsburgh's North Shore into a thriving hub for expansive cultural programming, creative workforce development and ultimately a new cultural tourism destination. To be known as the "The Pop District," the project aims to use the power of public art, digital media production, live music and performance to create a museum-led destination in the city where Andy Warhol was born. Patrick Moore, The Warhol's director and leader of the project, states, "Andy continues to be emblematic of the American entrepreneurial spirit—a true agent of influence and change. We now have the plan and resources to follow suit as an agent of change for Pittsburgh and an example of how creative communities throughout the country can be activated to boost and sustain a local economy through focusing on opportunities and experiences for young people." The physical and programmatic expansion of The Warhol will be the catalyst for creative placemaking and economic transformation through the arts. Dr. Steven Knapp, President and CEO of Carnegie Museums of Pittsburgh, parent organization of The Warhol, explains the project's impact: "The Pop District will demonstrate the role that museums can and must play in their communities by serving as centers of innovation and catalysts of economic development. This new district on the North Shore will also complement and amplify the vital role of Pittsburgh's Cultural District, to which it is directly joined by the Andy Warhol Bridge." The response to the project already has been favorable, as The Warhol has secured significant support from the Richard King Mellon Foundation and the Henry L. Hillman Foundation, and has the endorsement from city, state and local community groups. THE ANDY WARHOL MUSEUM TO LAUNCH BOLD NEW PROJECT TO INCREASE  ECONOMIC DEVELOPMENT AND MUSEUM'S IMPACT

Richard King Mellon Foundation Investments

19 Investments

Richard King Mellon Foundation has made 19 investments. Their latest investment was in Civic Champs as part of their Pre-Seed on May 5, 2022.

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Richard King Mellon Foundation Investments Activity

investments chart

Date

Round

Company

Amount

New?

Co-Investors

Sources

5/16/2022

Pre-Seed

Civic Champs

$0.62M

Yes

1

1/10/2022

Grant - II

Meta Mesh

$1.4M

Yes

1

9/8/2021

Series A

HilleVax

$135M

Yes

17

8/17/2021

Grant

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$99M

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10

8/9/2021

Grant

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$99M

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10

Date

5/16/2022

1/10/2022

9/8/2021

8/17/2021

8/9/2021

Round

Pre-Seed

Grant - II

Series A

Grant

Grant

Company

Civic Champs

Meta Mesh

HilleVax

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Amount

$0.62M

$1.4M

$135M

$99M

$99M

New?

Yes

Yes

Yes

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Co-Investors

Sources

1

1

17

10

10

Richard King Mellon Foundation Portfolio Exits

3 Portfolio Exits

Richard King Mellon Foundation has 3 portfolio exits. Their latest portfolio exit was HilleVax on April 29, 2022.

Date

Exit

Companies

Valuation
Valuations are submitted by companies, mined from state filings or news, provided by VentureSource, or based on a comparables valuation model.

Acquirer

Sources

4/29/2022

IPO

5

10/25/2019

IPO

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$99M

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10

9/21/2005

Acquired

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0

Date

4/29/2022

10/25/2019

9/21/2005

Exit

IPO

IPO

Acquired

Companies

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Valuation

$99M

Acquirer

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Sources

5

10

0

Richard King Mellon Foundation Partners & Customers

3 Partners and customers

Richard King Mellon Foundation has 3 strategic partners and customers. Richard King Mellon Foundation recently partnered with University of Pittsburgh on November 11, 2021.

Date

Type

Business Partner

Country

News Snippet

Sources

11/17/2021

Partner

United States

University of Pittsburgh News University of Pittsburgh, Richard King Mellon Foundation Announce Transformative Gift, Partnership to Make Pittsburgh Region a National Leader in Life Science Manufacturing.

Coupled with our $ 75 million gift to Carnegie Mellon University for robotics and advanced manufacturing at Hazelwood Green -- and thanks to the steadfast commitment of our Almono partners , the Heinz Endowments and the Claude Worthington Benedum Foundation -- this is one of the final puzzle pieces in our efforts to make Hazelwood Green truly different than other riverside developments .

1

5/20/2021

Partner

United States

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10

5/20/2021

Partner

United States

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10

Date

11/17/2021

5/20/2021

5/20/2021

Type

Partner

Partner

Partner

Business Partner

Country

United States

United States

United States

News Snippet

University of Pittsburgh News University of Pittsburgh, Richard King Mellon Foundation Announce Transformative Gift, Partnership to Make Pittsburgh Region a National Leader in Life Science Manufacturing.

Coupled with our $ 75 million gift to Carnegie Mellon University for robotics and advanced manufacturing at Hazelwood Green -- and thanks to the steadfast commitment of our Almono partners , the Heinz Endowments and the Claude Worthington Benedum Foundation -- this is one of the final puzzle pieces in our efforts to make Hazelwood Green truly different than other riverside developments .

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Sources

1

10

10

Richard King Mellon Foundation Team

1 Team Member

Richard King Mellon Foundation has 1 team member, including current Senior Vice President, Michael Watson.

Name

Work History

Title

Status

Michael Watson

Senior Vice President

Current

Name

Michael Watson

Work History

Title

Senior Vice President

Status

Current

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