Jim & Paula Mcdonald Charitable Tr 12152000
- Assets
- $7.7m
- Revenue
- $1.1m
- Investments
- $7.4m
- Employees
- 0
- Location
- Duluth, GA
- Founding
- 01/2001
- Data as of
- 12/2023
- 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 12/2023, Jim & Paula Mcdonald Charitable Tr 12152000 generated $1.1m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 2.2% each year. All expenses for the organization totaled $1.2m during the year ending 12/2023. You can explore the organizations financials more deeply in the financial statements section below.
Since 2016, Jim & Paula Mcdonald Charitable Tr 12152000 has awarded 132 individual grants totaling $8,078,750. 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 |
|---|---|---|---|
James F Mcdonald Trustee | 1 | $0 | |
Paula S Mcdonald Director | 1 | $0 | |
Ashley M Taylor Director | 7 | $220,225 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $711,279 |
| Interest on Savings | $35,070 |
| Dividends & Interest | $416,221 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | -$80,292 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $1,082,278 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $220,225 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $3,984 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $0 |
| Total operating and administrative expenses | $227,509 |
| Contributions, gifts, grants paid | $990,200 |
| Total expenses and disbursements | $1,217,709 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $2 |
| Savings and temporary cash investments | $338,633 |
| 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 | $7,748,385 |
| 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 $990,200 in support to 6 organizations.
| Grant Recipient | Amount |
|---|---|
BOSTON CHILDREN'S HOSPITAL PURPOSE: UNRESTRICTED | $730,000 |
ST XAVIER HIGH SCHOOL PURPOSE: UNRESTRICTED | $25,000 |
UNIVERSITY OF KY PURPOSE: UNRESTRICTED | $25,000 |
FITMS NEUROBLANCE CENTER NFP PURPOSE: UNRESTRICTED | $10,000 |
ADVOCATE GOOD SHEPHERD HOSPITAL PURPOSE: UNRESTRICTED | $200,000 |
PARKINSON DISEASE FOUNDATION PURPOSE: UNRESTRICTED | $200 |