Odonnell Foundation
- Assets
- $85.7m
- Revenue
- $10.7m
- Investments
- $78.2m
- Employees
- 0
- Location
- Dallas, TX
- Founding
- 06/1959
- Data as of
- 12/2020
- EIN
- 75-6023326
Organization Overview
Odonnell Foundation is located in Dallas, TX. The organization was established in 1959. 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. Odonnell 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 12/2020, Odonnell Foundation generated $10.7m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 3 years, the organization has seen revenues fall by an average of (14.3%) each year. All expenses for the organization totaled $4.5m during the year ending 12/2020. As we would expect to see with falling revenues, expenses have declined by (51.9%) per year over the past 3 years. You can explore the organizations financials more deeply in the financial statements section below.
Since 2020, Odonnell Foundation has awarded 22 individual grants totaling $36,032,705. 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 |
|---|---|---|---|
William T Solomon Chairman, President & CEO | 40 | $433,034 | |
Tiffany Armstrong VP & Secretary & Treasurer | 40 | $266,083 | |
Serena Ritch VP & Dir. Of Arts Program | 40 | $220,104 | |
Jere Thompson Jr Director | 3 | $0 | |
Robert Dedman Jr Vice-Chairman | 3 | $0 | |
Ruth O'donnell Mutch Director | 3 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $31,649 |
| Dividends & Interest | $924,241 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $7,553,951 |
| Capital Gain Net Income | $7,586,053 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $2,224,557 |
| Total Revenue | $10,734,398 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $888,650 |
| Other employee salaries and wages | $70,759 |
| Pension plans, employee benefits | $90,831 |
| Interest | $0 |
| Taxes | $466,983 |
| Depreciation | $5,545 |
| Occupancy | $106,728 |
| Travel, conferences, and meetings | $6,813 |
| Printing and publications | $0 |
| Other expenses | $124,626 |
| Total operating and administrative expenses | $1,825,473 |
| Contributions, gifts, grants paid | $2,717,472 |
| Total expenses and disbursements | $4,542,945 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $231,246 |
| Savings and temporary cash investments | $7,280,362 |
| 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 | $42,524 |
| Investments—mortgage loans | $0 |
| Investments—other | $0 |
| Net Land, buildings, and equipment | $3,892 |
| Other assets | $3,555 |
| Total assets | $85,738,467 |
| 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, Odonnell Foundation has awarded $22,670,233 in support to 11 organizations.
| Grant Recipient | Amount |
|---|---|
UNIVERSITY OF TEXAS SOUTHWESTERN MEDICAL CENTER AT DALLAS PURPOSE: OPERATIONS | $9,409,400 |
UNIVERSITY OF TEXAS SOUTHWESTERN MEDICAL CENTER AT DALLAS PURPOSE: OPERATIONS | $5,710,583 |
SOUTHERN METHODIST UNIVERSITY PURPOSE: OPERATIONS | $2,000,000 |
Austin, TX PURPOSE: OPERATIONS | $1,150,000 |
THE UNIVERSITY OF TEXAS AT DALLAS PURPOSE: OPERATIONS | $1,025,250 |
Dallas, TX PURPOSE: OPERATIONS | $1,000,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Penner Family Foundation Bentonville, AR | $146,107,822 | $15,983,833 |
Scharbauer Foundation Inc Midland, TX | $271,051,602 | $69,061,413 |
Wildcat Foundation Fort Worth, TX | $836,895 | $18,132,970 |
A Earl & Frances E Ziegler Foundation Norman, OK | $1,886,858 | $25,634,422 |
Eugene Mcdermott Foundation Dallas, TX | $220,528,387 | $97,884,779 |
Henderson-Wessendorff Foundation Richmond, TX | $228,160,288 | $17,605,762 |
Walter E Heller Foundation Dallas, TX | $0 | $637,126 |
Carl & Marilynn Thoma Foundation Dallas, TX | $0 | $929,287 |
Beloved In Christ Foundation Austin, TX | $172,986,617 | $3,113,726 |
The Kathryn H Craig Stephen Dudley Heard And Lillie D Heard Memorial Dallas, TX | $1,384 | -$449,918 |
Carroll Petrie Foundation Santa Fe, NM | $306,631,944 | $55,176,464 |
Hamill Foundation Houston, TX | $203,029,849 | $39,782,936 |