Donahue Charitable Foundation
- Assets
- $1.0m
- Revenue
- $566.2k
- Investments
- $989.4k
- Employees
- 0
- Location
- Charlotte, NC
- Founding
- 10/1997
- Data as of
- 12/2023
- EIN
- 04-3368096
Organization Overview
Donahue Charitable Foundation is located in Charlotte, NC. The organization was established in 1997. According to its NTEE Classification (T90) the organization is classified as: Named Trusts N.E.C., under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Donahue Charitable Foundation is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 12/2023, Donahue Charitable Foundation generated $566.2k in total revenue. This organization has experienced exceptional growth, as over the past 8 years, it has increased revenue by an average of 11.6% each year . All expenses for the organization totaled $529.3k during the year ending 12/2023. While expenses have increased by 21.1% per year over the past 8 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Since 2016, Donahue Charitable Foundation has awarded 401 individual grants totaling $3,152,100. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2023
Describe the Organization's Program Activity:
Part 3 - Line 4a
DONOR ADVISED FUND TO SUPPORT THE NON-PROFIT ACTIVITIES FOR SPECIFIC PURPOSES INCLUDING EDUCATION, RACIAL RECONCILIATION AND ANTI-TRAFFICKING EFFORTS.
DONOR ADVISED FUND TO SUPPORT THE NON-PROFIT ACTIVITIES FOR SPECIFIC PURPOSES INCLUDING EDUCATION, RACIAL RECONCILIATION AND ANTI-TRAFFICKING EFFORTS.
FUND RESEARCH FOR TREATMENTS FOR INHERITED RETINAL DISEASES.
FUND RESEARCH FOR TREATMENTS FOR INHERITED RETINAL DISEASES.
FUND THE WORK OF UNITED WORLD MISSION INCLUDING MISSIONAIRES, FIELD LEADERSHIP AND GENERAL OPERATIONS.
FUND THE WORK OF UNITED WORLD MISSION INCLUDING MISSIONAIRES, FIELD LEADERSHIP AND GENERAL OPERATIONS.
SUPPORTING WOMEN'S EMPOWERMENT
SUPPORTING WOMEN'S EMPOWERMENT
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Michele Dudley Officer | 25 | $0 | |
Edward C Donahue Vice President | 0 | $0 | |
Michele Dudley Officer | 25 | $0 | |
Edward C Donahue Vice President | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $62,387 |
| Interest on Savings | $2,576 |
| Dividends & Interest | $80,850 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $420,080 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $324 |
| Total Revenue | $566,217 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $3,007 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $25,363 |
| Printing and publications | $0 |
| Other expenses | $27,576 |
| Total operating and administrative expenses | $55,946 |
| Contributions, gifts, grants paid | $473,398 |
| Total expenses and disbursements | $529,344 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $57,219 |
| Savings and temporary cash investments | $0 |
| Net Accounts receivable | $0 |
| Net Pledges Receivable | $0 |
| Grants receivable | $0 |
| Receivables from Officers, Directors, or Controlling Persons | $0 |
| Net other notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $150,941 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $1,046,641 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $0 |
Grants Awarded
Over the last fiscal year, Donahue Charitable Foundation has awarded $946,796 in support to 48 organizations.
| Grant Recipient | Amount |
|---|---|
NATIONAL CHRISTIAN FOUNDATION PURPOSE: DONATION TO DONOR ADVISED FUND FOR DISTRIBUTION IN ACCORDANCE WITH FOUNDATION PURPOSE | $281,000 |
NATIONAL MS SOCIETY PURPOSE: INTERNATIONAL MISSIONS | $5,345 |
PRAXIS PURPOSE: MULTIPLE | $20,345 |
INTERNATIONAL GENEROSITY FOUNDATION PURPOSE: LOCAL CHURCH SUPPORT | $20,000 |
THE GATHERING PURPOSE: PHILANTHOPIC EDUCATION | $21,000 |
UNITED WORLD MISSION PURPOSE: INTERNATIONAL DEVELOPMENT & MISSIONS | $27,400 |