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.
Form
990
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
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 |
Statement of Expenses | |
---|---|
Grants and other assistance to domestic organizations and domestic governments. | $9,583,983 |
Grants and other assistance to domestic individuals. | $0 |
Grants and other assistance to Foreign Orgs/Individuals | $0 |
Benefits paid to or for members | $0 |
Compensation of current officers, directors, key employees. | $490,729 |
Compensation of current officers, directors, key employees. | $294,437 |
Compensation to disqualified persons | $0 |
Other salaries and wages | $0 |
Pension plan accruals and contributions | $0 |
Other employee benefits | $0 |
Payroll taxes | $0 |
Fees for services: Management | $0 |
Fees for services: Legal | $0 |
Fees for services: Accounting | $4,050 |
Fees for services: Lobbying | $0 |
Fees for services: Fundraising | $0 |
Fees for services: Investment Management | $189,059 |
Fees for services: Other | $0 |
Advertising and promotion | $0 |
Office expenses | $0 |
Information technology | $0 |
Royalties | $0 |
Occupancy | $0 |
Travel | $0 |
Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
Conferences, conventions, and meetings | $0 |
Interest | $0 |
Payments to affiliates | $0 |
Depreciation, depletion, and amortization | $0 |
Insurance | $0 |
All other expenses | $25 |
Total functional expenses | $10,663,507 |
Balance Sheet | |
---|---|
Cash—non-interest-bearing | $0 |
Savings and temporary cash investments | $6,692,462 |
Pledges and grants receivable | $0 |
Accounts receivable, net | $0 |
Loans from Officers, Directors, or Controlling Persons | $0 |
Loans from Disqualified Persons | $0 |
Notes and loans receivable | $0 |
Inventories for sale or use | $0 |
Prepaid expenses and deferred charges | $0 |
Net Land, buildings, and equipment | $0 |
Investments—publicly traded securities | $204,110,970 |
Investments—other securities | $0 |
Investments—program-related | $0 |
Intangible assets | $0 |
Other assets | $0 |
Total assets | $210,803,432 |
Accounts payable and accrued expenses | $0 |
Grants payable | $0 |
Deferred revenue | $0 |
Tax-exempt bond liabilities | $0 |
Escrow or custodial account liability | $0 |
Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
Secured mortgages and notes payable | $0 |
Unsecured mortgages and notes payable | $0 |
Other liabilities | $0 |
Total liabilities | $0 |
Net assets without donor restrictions | $0 |
Net assets with donor restrictions | $0 |
Capital stock or trust principal, or current funds | $210,803,432 |
Paid-in or capital surplus, or land, building, or equipment fund | $0 |
Retained earnings, endowment, accumulated income, or other funds | $0 |
Total liabilities and net assets/fund balances | $210,803,432 |
Over the last fiscal year, Jack R Macdonald Charitable Trust has awarded $9,565,983 in support to 3 organizations.
Grant Recipient | Amount |
---|---|
Seattle, WA PURPOSE: FOR RESEARCH NEEDS OF THE FOUNDATION | $3,833,593 |
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 |
Organization Name | Assets | Revenue |
---|---|---|
Jack R Macdonald Charitable Trust Dallas, TX | $210,803,432 | $37,680,803 |
Beaumont Foundation Of America Beaumont, TX | $198,772,539 | $2,602,068 |
Rebuilding Together New Orleans Inc New Orleans, LA | $4,947,911 | $2,442,774 |
Protex A Network For Progressive Texas Austin, TX | $2,134,660 | $1,207,733 |
Hand To Hand Foundation Inc Alma, AR | $102,920 | $1,043,014 |
Gnof Support Foundation New Orleans, LA | $1,192,327 | -$86,135 |
The Crouch Foundation Amarillo, TX | $16,850,877 | $1,397,399 |
Ryffel Family Foundation Inc Fort Worth, TX | $369 | $32,795 |
Matt 25 Inc Clovis, NM | $656,694 | $474,342 |
Beldon Family Foundation San Antonio, TX | $5,412,805 | $44,521 |
Charles Lukitsch Charitable Tr Tulsa, OK | $3,766,034 | $123,634 |
Scantland Charitable Foundation San Antonio, TX | $2,478,255 | $823,356 |