Macdonald Family Foundation
- Assets
- $36.4m
- Revenue
- $1.1m
- Investments
- $34.1m
- Employees
- 0
- Location
- Los Angeles, CA
- Founding
- 03/1993
- Data as of
- 02/2023
- EIN
- 95-4396044
Organization Overview
Macdonald Family Foundation is located in Los Angeles, CA. The organization was established in 1993. 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. Macdonald 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 02/2023, Macdonald Family Foundation generated $1.1m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 4 years, the organization has seen revenues fall by an average of (21.2%) each year. All expenses for the organization totaled $774.5k during the year ending 02/2023. As we would expect to see with falling revenues, expenses have declined by (32.4%) per year over the past 4 years. You can explore the organizations financials more deeply in the financial statements section below.
Since 2020, Macdonald Family Foundation has awarded 31 individual grants totaling $2,350,000. 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.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2023
Describe the Organization's Program Activity:
Part 3 - Line 4a
NOT APPLICABLE
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Peter Hilf Trustee | 1 | $0 | |
San Pasqual Fiduciary Trust Trustee | 10 | $158,548 | |
Joyce-Ann Mahoney Trustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Bny Mellon Na Bank Custody | 2/27/23 | $272,533 |
Price Postel & Parma Llp | 2/27/23 | $59,695 |
Freeman Freeman & Smiley Llp | 2/27/23 | $144,688 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $1,050,874 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $10,016 |
| Capital Gain Net Income | $10,016 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $1,060,890 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $158,548 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $91,365 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $742 |
| Total operating and administrative expenses | $774,454 |
| Contributions, gifts, grants paid | $0 |
| Total expenses and disbursements | $774,454 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $2,375,178 |
| 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 | $6,301,789 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $36,438,161 |
| 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, Macdonald Family Foundation has awarded $2,350,000 in support to 31 organizations.
| Grant Recipient | Amount |
|---|---|
WINE EDUCATION COUNCIL PURPOSE: GENERAL CHARITABLE PURPOSES | $1,500,000 |
RIVERSIDE SCHOOL PURPOSE: GENERAL CHARITABLE PURPOSES | $50,000 |
BREAST CANCER RESOURCE CENTER OF SANTA BARBARA PURPOSE: GENREAL CHARITABLE PURPOSES | $35,000 |
CASA DEL HERRERO FOUNDATION PURPOSE: GENERAL CHARITABLE PURPOSES | $3,000 |
CAL POLY FOUNDATION CENTER PURPOSE: GENERAL CHARITABLE PURPOSES | $40,000 |
CENTER FOR URBAN AGRICULTURE AT FAIRVIEW GARDENS PURPOSE: GENERAL CHARITABLE PURPOSES | $14,000 |