J M Mcdonald Foundation Inc
- Assets
- $29.4m
- Revenue
- $751.3k
- Investments
- $28.4m
- Employees
- 0
- Location
- Wilmington, DE
- Founding
- 04/1953
- Data as of
- 12/2023
- EIN
- 47-1431059
Organization Overview
J M Mcdonald Foundation Inc is located in Wilmington, DE. The organization was established in 1953. 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. J M Mcdonald Foundation Inc 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, J M Mcdonald Foundation Inc generated $751.3k in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 0.6% each year. All expenses for the organization totaled $1.8m during the year ending 12/2023. While expenses have increased by 3.6% 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, J M Mcdonald Foundation Inc has awarded 1,194 individual grants totaling $11,035,352. 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 |
|---|---|---|---|
Dana Amundson Dir, Sec | 1 | $0 | |
Christine Clagett Dir | 1 | $0 | |
Pamela Criswell Dir, Treas | 1 | $0 | |
Justin Klink Dir | 1 | $0 | |
Donald R Mcjunkin Pres, Dir | 5 | $0 | |
Nancy J Palmer Vp, Dir | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Manning & Napier Advisors Llc | 12/30/23 | $92,018 |
Hartline Investment Corp | 12/30/23 | $82,769 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $7,989 |
| Dividends & Interest | $507,049 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $236,270 |
| Capital Gain Net Income | $236,270 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $751,308 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $6,466 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $20,087 |
| Printing and publications | $0 |
| Other expenses | $48,231 |
| Total operating and administrative expenses | $248,778 |
| Contributions, gifts, grants paid | $1,542,725 |
| Total expenses and disbursements | $1,791,503 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $971,394 |
| Net Accounts receivable | $1,780 |
| 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 | $0 |
| Total assets | $29,396,515 |
| 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, J M Mcdonald Foundation Inc has awarded $1,542,725 in support to 169 organizations.
| Grant Recipient | Amount |
|---|---|
A PLACE FOR JAZZ LTD PURPOSE: A PLACE FOR JAZZ 2023 CONCERT AND PROGRAM SERIES | $4,000 |
ADIRONDACK CAROUSEL INC PURPOSE: HIGH TEA AT THE ADIRONDACK CAROUSEL | $4,000 |
ADIRONDACK HISTORICAL ASSOCIATION PURPOSE: ADIRONDACK PHOTOGRAPHY SHOWCASE | $11,000 |
ADIRONDACK RESEARCH CONSORTIUM PURPOSE: EXPLORING SOLUTIONS FOR CLIMATE CHANGE IN THE ADIRONDACKS | $5,000 |
ALBANY PRO MUSICA INC PURPOSE: UNDERWRITING FOR MAY CONCERT OF 2023-2024 SEASON | $2,000 |
ADIRONDACK LAKES CENTER FOR THE ARTS PURPOSE: ADIRONDACK LAKES CENTER FOR THE ARTS | $10,000 |