Jim & Paula Mcdonald Charitable Tr 12152000
- Assets
- $7.9m
- Revenue
- $789.5k
- Investments
- $6.9m
- Employees
- 0
- Location
- Duluth, GA
- Founding
- 01/2001
- Data as of
- 12/2022
- EIN
- 58-6429849
Organization Overview
Jim & Paula Mcdonald Charitable Tr 12152000 is located in Duluth, GA. The organization was established in 2001. According to its NTEE Classification (T21) the organization is classified as: Corporate 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. Jim & Paula Mcdonald Charitable Tr 12152000 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 12/2022, Jim & Paula Mcdonald Charitable Tr 12152000 generated $789.5k in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 2.1% each year. All expenses for the organization totaled $1.1m during the year ending 12/2022. While expenses have increased by 4.6% 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, Jim & Paula Mcdonald Charitable Tr 12152000 has awarded 127 individual grants totaling $7,297,503. 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 |
|---|---|---|---|
Ashley M Taylor Director | 7 | $221,620 | |
James F Mcdonald Trustee | 1 | $0 | |
Paula S Mcdonald Director | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $395,088 |
| Interest on Savings | $6,946 |
| Dividends & Interest | $380,810 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $6,672 |
| Capital Gain Net Income | $6,672 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $789,516 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $221,620 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $3,920 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $0 |
| Total operating and administrative expenses | $228,540 |
| Contributions, gifts, grants paid | $856,350 |
| Total expenses and disbursements | $1,084,890 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1 |
| Savings and temporary cash investments | $972,678 |
| 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 | $7,883,816 |
| 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, Jim & Paula Mcdonald Charitable Tr 12152000 has awarded $856,350 in support to 12 organizations.
| Grant Recipient | Amount |
|---|---|
BOSTON CHILDREN'S HOSPITAL PURPOSE: UNRESTRICTED | $600,000 |
ADVOCATE GOOD SHEPARD HOSPITAL PURPOSE: UNRESTRICTED | $200,000 |
Cincinnati, OH PURPOSE: UNRESTRICTED | $25,000 |
UNIVERSITY OF KY PURPOSE: UNRESTRICTED | $25,000 |
TUNNEL TO TOWER FOUNDATION PURPOSE: UNRESTRICTED | $1,500 |
TARLETON STATE UNIVERSITY PURPOSE: UNRESTRICTED | $1,500 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Harry T Mangurian Jr Foundation Inc Fort Lauderdale, FL | $88,622,200 | $12,675,522 |
Alabama Power Foundation Inc Birmingham, AL | $164,336,755 | $18,795,477 |
Tennessee Health Foundation Inc Chattanooga, TN | $243,056,353 | $3,261,329 |
Masters Tournament Foundation Inc Augusta, GA | $56,432,291 | $20,283,494 |
Assisi Foundation Of Memphis Inc Memphis, TN | $238,137,134 | $32,851,811 |
Caring Foundation Birmingham, AL | $70,981,159 | $5,434,235 |
Malone Family Foundation Hobe Sound, FL | $111,664,161 | $13,667,566 |
Ingersoll-Rand Charitable Foundation Davidson, NC | $949,422 | $5,202,263 |
The Fairholme Foundation Coral Gables, FL | $289,766,586 | $285,369 |
Nicklaus Childrens Health Care Foundation Inc North Palm Beach, FL | $45,302,726 | $13,320,876 |
Albert L Ueltschi Foundation Vero Beach, FL | $287,931,919 | $1,247,906 |
Speedwell Foundation Atlanta, GA | $165,926,993 | $26,115,784 |