Mcdougal Family Foundation
- Assets
- $45.4m
- Revenue
- $7.9m
- Investments
- $44.6m
- Employees
- 0
- Location
- Chicago, IL
- Founding
- 06/1994
- Data as of
- 12/2021
- EIN
- 36-3943431
Organization Overview
Mcdougal Family Foundation is located in Chicago, IL. The organization was established in 1994. According to its NTEE Classification (T20) the organization is classified as: Private Grantmaking Foundations, 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. Mcdougal Family 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 12/2021, Mcdougal Family Foundation generated $7.9m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (18.2%) each year. All expenses for the organization totaled $3.7m during the year ending 12/2021. You can explore the organizations financials more deeply in the financial statements section below.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2021
Describe the Organization's Program Activity:
Part 3 - Line 4a
N/A
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Marcia Festen Director | 8 | $114,500 | |
Thomas F Mcdougal President | 8 | $0 | |
Stephen G Mcdougal Vice President | 1 | $0 | |
Sarah Duncan Treasurer | 1 | $0 | |
Jan Mcdougal Trustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Alm Corporation | 12/30/15 | $229,110 |
Northside Capital Mgmt | 12/30/15 | $108,089 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $1,800,000 |
| Interest on Savings | $26,193 |
| Dividends & Interest | $2,642,450 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $3,532,471 |
| Capital Gain Net Income | $3,532,471 |
| Net ST Capital Gain | $392,992 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | -$56,266 |
| Total Revenue | $7,944,848 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $38,500 |
| Pension plans, employee benefits | $8,245 |
| Interest | $0 |
| Taxes | $18,966 |
| Depreciation | $329 |
| Occupancy | $20,196 |
| Travel, conferences, and meetings | $479 |
| Printing and publications | $0 |
| Other expenses | $25,190 |
| Total operating and administrative expenses | $613,735 |
| Contributions, gifts, grants paid | $3,065,000 |
| Total expenses and disbursements | $3,678,735 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $707,570 |
| 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 | $14,556,034 |
| Net Land, buildings, and equipment | $165 |
| Other assets | $27,247 |
| Total assets | $45,378,953 |
| Accounts payable and accrued expenses | $2,638 |
| 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 | $1,187,450 |
| Total liabilities | $1,190,088 |
Grants Awarded
Over the last fiscal year, Mcdougal Family Foundation has awarded $572,175 in support to 17 organizations.
| Grant Recipient | Amount |
|---|---|
Chicago, IL PURPOSE: GENERAL | $117,500 |
THE 5 GYRES INSTITUTE PURPOSE: GENERAL | $75,000 |
ALBANY PARK NEIGHBORHOOD COUNCIL PURPOSE: GENERAL | $75,000 |
Chicago, IL PURPOSE: GENERAL | $75,000 |
Chicago, IL PURPOSE: GENERAL | $75,000 |
Chicago, IL PURPOSE: GENERAL | $75,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Ed Uihlein Family Foundation Lake Forest, IL | $7,123,989 | $4,757,675 |
Joseph L & Sarah S Marcum Foundation Chicago, IL | $0 | $6,419,437 |
Kraft Heinz Company Foundation Chicago, IL | $398,764 | $8,002,636 |
State Farm Companies Foundation Bloomington, IL | $9,666,483 | $1,134 |
Bayer Fund St Louis, MO | $65,640,119 | $9,167,249 |
Marie C & Joseph C Wilson Foundation Chicago, IL | $0 | $53,412 |
Humana Foundation Inc Louisville, KY | $467,311,073 | $9,744,567 |
Alphawood Foundation Chicago, IL | $96,386,448 | $15,256,055 |
Steans Family Foundation Chicago, IL | $0 | $20,140,801 |
Reiman Foundation Inc Pewaukee, WI | $64,480,239 | $12,529,672 |
Roger And Susan Stone Family Foundation Northbrook, IL | $23,476,805 | $8,385,528 |
Galashiels Fund Ltd Northbrook, IL | $154,593,436 | $48,314,988 |