Jack R Macdonald Charitable Trust

Organization Overview

Jack R Macdonald Charitable Trust is located in Dallas, TX. The organization was established in 2016. According to its NTEE Classification (T19) the organization is classified as: Support 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. Jack R Macdonald Charitable Trust 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 12/2021, Jack R Macdonald Charitable Trust generated $37.7m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 24.4% each year . All expenses for the organization totaled $10.7m during the year ending 12/2021. While expenses have increased by 3.5% per year over the past 7 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.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2021

Describe the Organization's Mission:

Part 3 - Line 1

THIS CHARITABLE TRUST WAS CREATED BY THE TRUSTOR TO SUPPORT THE CHARITABLE ORGANIZATIONS NAMED IN THE GOVERNING DOCUMENT.

Describe the Organization's Program Activity:

Part 3 - Line 4a

SEATTLE CHILDREN'S HOSPITAL FOUNDATION - FOR RESEARCH NEEDS OF THE FOUNDATION


UNIVERSITY OF WASHINGTON - SCHOOL OF LAW TO ENDOW THE JACK R MACDONALD CHAIR WITH THE REMAINDER IN EQUAL SHARES FOR SCHOLARSHIPS TO DESERVING LOW-INCOME STUDENTS AND UNRESTRICTED GENERAL SUPPORT


THE SALVATION ARMY - UNRESTRICTED GENERAL SUPPORT FOR THE NORTHWEST DIVISION


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Financial Statements

Statement of Revenue
Federated campaigns$0
Membership dues$0
Fundraising events$0
Related organizations$0
Government grants $0
All other contributions, gifts, grants, and similar amounts not included above$0
Noncash contributions included in lines 1a–1f $0
Total Revenue from Contributions, Gifts, Grants & Similar$0
Total Program Service Revenue$0
Investment income $3,913,587
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $0
Net Gain/Loss on Asset Sales $33,766,489
Net Income from Fundraising Events $0
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $0
Miscellaneous Revenue$0
Total Revenue $37,680,803

Grants Awarded

Over the last fiscal year, Jack R Macdonald Charitable Trust has awarded $9,565,983 in support to 3 organizations.

Grant RecipientAmount

SEATTLE CHILDREN'S HOSPITAL FOUNDATION

Org PageRecipient Profile

Seattle, WA

PURPOSE: FOR RESEARCH NEEDS OF THE FOUNDATION

$3,833,593

THE SALVATION ARMY

Org PageRecipient Profile

Rch Palos Vrd, CA

PURPOSE: UNRESTRICTED GENERAL SUPPORT FOR THE NORTHWEST DIVISION

$2,875,195

UNIVERSITY OF WASHINGTON

PURPOSE: SCHOOL OF LAW TO ENDOW THE JACK R MACDONALD CHAIR WITH THE REMAINDER IN EQUAL SHARES FOR SCHOLARSHIPS TO DESERVING LOW-INCOME STUDENTS AND UNRESTRICTED GENERAL SUPPORT

$2,857,195
View Grant Profile

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