Mcdonnell Family Foundation
- Assets
- $128.1m
- Revenue
- $127.4m
- Investments
- $126.3m
- Employees
- 0
- Location
- Memphis, TN
- Founding
- 07/2014
- Data as of
- 12/2023
- EIN
- 46-1448238
Organization Overview
Mcdonnell Family Foundation is located in Memphis, TN. The organization was established in 2014. According to its NTEE Classification (T99) the organization is classified as: Philanthropy, Voluntarism & Grantmaking Foundations 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. Mcdonnell 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 12/2023, Mcdonnell Family Foundation generated $127.4m in total revenue. This organization has experienced exceptional growth, as over the past 9 years, it has increased revenue by an average of 71.3% each year . All expenses for the organization totaled $16.3k during the year ending 12/2023. You can explore the organizations financials more deeply in the financial statements section below.
Since 2014, Mcdonnell Family Foundation has awarded 67 individual grants totaling $8,406,863. 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.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Mcneal Bond Mcdonnell Distribution | 0 | $0 | |
Irene Mcdonnell Ayotte Distribution | 0 | $0 | |
Mary Mcdonnell Schell Distribution | 0 | $0 | |
Michael Keeney Trustee | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $125,084,533 |
| Interest on Savings | $1,845,610 |
| Dividends & Interest | $0 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $468,174 |
| Capital Gain Net Income | $468,174 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $127,398,317 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $0 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $0 |
| Total operating and administrative expenses | $16,250 |
| Contributions, gifts, grants paid | $0 |
| Total expenses and disbursements | $16,250 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $1,644,085 |
| 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 | $0 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $175,144 |
| Total assets | $128,100,935 |
| 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, Mcdonnell Family Foundation has awarded $3,288,965 in support to 4 organizations.
| Grant Recipient | Amount |
|---|---|
MEMPHIS OPPORTUNITY SCHOLARSHIP PURPOSE: PROGRAM SERVICES | $973,549 |
UNIVERSITY OF MEMPHIS PURPOSE: PROGRAM SERVICES | $8,128 |
COMMUNITY FOUNDATION OF GREATER MPH PURPOSE: PROGRAM SERVICES | $1,153,644 |
COMMUNITY FOUNDATION OF GREATER MPH PURPOSE: PROGRAM SERVICES | $1,153,644 |