David R Macdonald Foundation
- Assets
- $1.8m
- Revenue
- $17.0k
- Investments
- $1.7m
- Employees
- 0
- Location
- Emerald Isle, NC
- Founding
- 08/1996
- Data as of
- 12/2023
- EIN
- 52-1968656
Organization Overview
David R Macdonald Foundation is located in Emerald Isle, NC. The organization was established in 1996. According to its NTEE Classification (T22) the organization is classified as: Private Independent 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. David R Macdonald 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, David R Macdonald Foundation generated $17.0k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 5 years, the organization has seen revenues fall by an average of (31.7%) each year. All expenses for the organization totaled $204.4k during the year ending 12/2023. You can explore the organizations financials more deeply in the financial statements section below.
Since 2019, David R Macdonald Foundation has awarded 30 individual grants totaling $596,867. 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 |
|---|---|---|---|
Verna Joy Macdonald President | 0.5 | $0 | |
Martha Macdonald Spano Director | 0.5 | $0 | |
Emily Macdonald Spano Director | 0.5 | $0 | |
David J Macdonald Director | 0.5 | $0 | |
Rachel Macdonald Bondelevitch Director | 0.5 | $0 | |
Rebecca Macdonald Maas Secretary | 0.5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $104,282 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | -$87,274 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $17,008 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $38,500 |
| 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 | $35,614 |
| Total operating and administrative expenses | $77,614 |
| Contributions, gifts, grants paid | $126,765 |
| Total expenses and disbursements | $204,379 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $121,132 |
| Savings and temporary cash investments | $29,300 |
| 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 | $0 |
| Total assets | $1,805,591 |
| 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, David R Macdonald Foundation has awarded $126,765 in support to 7 organizations.
| Grant Recipient | Amount |
|---|---|
CHICAGO PUBLIC SCHOOL SYSTEM- CHESS TOURNAMENT SCHOLARSHIPS PURPOSE: CHARITABLE | $31,400 |
CORNELL UNIVERSITY PURPOSE: CHARITABLE | $15,000 |
FIRST BAPTIST CHURCH PURPOSE: CHARITABLE | $365 |
THE SALVATION ARMY NATIONAL PURPOSE: CHARITABLE | $10,000 |
LOCRIAN CHAMBER PLAYERS PURPOSE: CHARITABLE | $20,000 |
WELLESLEY COLLEGE PURPOSE: CHARITABLE | $35,000 |