Eugene Mcdermott Foundation
- Assets
- $220.5m
- Revenue
- $97.9m
- Investments
- $209.5m
- Employees
- 0
- Location
- Dallas, TX
- Founding
- 11/1972
- Data as of
- 08/2022
- EIN
- 23-7237919
Organization Overview
Eugene Mcdermott Foundation is located in Dallas, TX. The organization was established in 1972. 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. Eugene Mcdermott 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 08/2022, Eugene Mcdermott Foundation generated $97.9m in total revenue. All expenses for the organization totaled $17.8m during the year ending 08/2022. While expenses have increased by 27.8% per year over the past 4 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 2020, Eugene Mcdermott Foundation has awarded 374 individual grants totaling $62,690,500. 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
2022
Describe the Organization's Program Activity:
Part 3 - Line 4a
NA
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Patricia Brown Assistant Sec | 20 | $34,000 | |
J H Cullum Clark Trustee | 1 | $0 | |
Sam Self Trustee | 1 | $0 | |
Grace Cook Trustee | 1 | $0 | |
Joe Hubach Trustee | 1 | $0 | |
Liza Lee Trustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Ch Investment Partners | 8/30/22 | $336,004 |
Ubs Financial Services Inc | 8/30/22 | $144,601 |
Bank Of America Private Bank | 8/30/22 | $265,820 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $79,104,158 |
| Interest on Savings | $113 |
| Dividends & Interest | $5,947,477 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $12,827,353 |
| Capital Gain Net Income | $12,827,353 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $5,678 |
| Total Revenue | $97,884,779 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $34,000 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $253,739 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $67 |
| Total operating and administrative expenses | $1,502,491 |
| Contributions, gifts, grants paid | $16,296,000 |
| Total expenses and disbursements | $17,798,491 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,332 |
| Savings and temporary cash investments | $11,000,214 |
| 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 | $30,129,435 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $220,528,387 |
| 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, Eugene Mcdermott Foundation has awarded $16,296,000 in support to 92 organizations.
| Grant Recipient | Amount |
|---|---|
PLANNED PARENTHOOD OF GREATER TEXAS PURPOSE: FOR OPERATIONS | $2,000,000 |
Dallas, TX PURPOSE: FOR CHALLENGE GRANT FOR PARKING GARAGE | $1,500,000 |
Santa Fe, NM PURPOSE: FOR NEW BUILDING | $1,000,000 |
TEXAS TREES FOUNDATION PURPOSE: FOR GREEN SPINE AND GREEN HEART AT UTSW | $1,000,000 |
TEXAS PARKS AND WILDLIFE DEPT PURPOSE: FOR PALO PINTO MOUNTAINS STATE PARK | $1,000,000 |
Dallas, TX PURPOSE: FOR FEATURES IN PARK | $1,000,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Rees-Jones Foundation Dallas, TX | $0 | $116,553,438 |
Meadows Foundation Incorporated Dallas, TX | $777,502,701 | $134,484,682 |
Rob And Melani Walton Foundation Bentonviille, AR | $541,056,642 | $120,568,910 |
Amon G Carter Foundation Fort Worth, TX | $464,730,205 | $54,557,293 |
Wend Ii Inc Bentonville, AR | $174,655,774 | $207,303,582 |
Anne And Henry Zarrow Foundation Tulsa, OK | $347,173,230 | $36,385,260 |
Ila-West Gulf Maritime Association Inc Royalty Trust Fund No 1 Houston, TX | $56,716,364 | $36,179,083 |
David Weekley Family Foundation Houston, TX | $132,693,267 | $39,507,010 |
T L L Temple Foundation Lufkin, TX | $464,501,486 | $44,070,137 |
Town Branch Foundation Bentonville, AR | $511,930,269 | $39,195,874 |
Perot Foundation Dallas, TX | $46,575,873 | $1,622,633 |
The Charles Butt Foundation San Antonio, TX | $7,229,103 | $6,060,986 |