C And A Mcdonald Family Foundation
- Assets
- $9.8m
- Revenue
- $343.9k
- Investments
- $9.6m
- Employees
- 0
- Location
- Lubbock, TX
- Founding
- Data as of
- 12/2023
- EIN
- 88-3312940
Organization Overview
C And A Mcdonald Family Foundation is located in Lubbock, TX. According to its NTEE Classification (T12) the organization is classified as: Fund Raising & Fund Distribution, 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. C And A Mcdonald Family 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, C And A Mcdonald Family Foundation generated $343.9k in total revenue. All expenses for the organization totaled $555.1k during the year ending 12/2023.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2023
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE FOUNDATION'S SOLE ACTIVITY IS MAKING GRANTS TO EXEMPT ORGANIZATIONS
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Craig Mcdonald President | 0 | $0 | |
Ann Mcdonald Vice Preside | 0 | $0 | |
Karen Louis Mcdonald Vice Preside | 0 | $0 | |
Eric Mcdonald Vice Preside | 0 | $0 | |
Laura Stewart Secretary | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $154,511 |
| Dividends & Interest | $78,808 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $110,580 |
| Capital Gain Net Income | $110,580 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $343,899 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| 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 | $42,531 |
| Total operating and administrative expenses | $45,111 |
| Contributions, gifts, grants paid | $510,000 |
| Total expenses and disbursements | $555,111 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $198,797 |
| 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 | $9,834,229 |
| 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, C And A Mcdonald Family Foundation has awarded $510,000 in support to 7 organizations.
| Grant Recipient | Amount |
|---|---|
LUBBOCK ARTS ALLIANCE PURPOSE: PROGRAM SUPPORT | $250,000 |
TEXAS TECH FOUNDATION PURPOSE: SUPPORT FOR JAZZ INSTRUMENTS & EQUIP | $50,000 |
CROSBYTON VOLUNTEER FIRE DEPARTMENT PURPOSE: SUPPORT FOR EQUIPMENT NEEDS | $34,000 |
RALLS VOLUTEER FIRE DEPARTMENT PURPOSE: SUPPORT FOR EQUIPMENT NEEDS | $34,000 |
LORENZO VOLUNTEER FIRE DEPARTMENT PURPOSE: SUPPORT FOR EQUIPMENT NEEDS | $32,000 |
YOUNG LIFE PURPOSE: PROGRAM SUPPORT | $100,000 |