The Mcdonald Fam Foundation
- Assets
- $11.2m
- Revenue
- $336.9k
- Investments
- $10.1m
- Employees
- 0
- Location
- Long Beach, CA
- Founding
- 03/2008
- Data as of
- 12/2022
- EIN
- 35-2312036
Organization Overview
The Mcdonald Fam Foundation is located in Long Beach, CA. The organization was established in 2008. According to its NTEE Classification (T22) the organization is classified as: Private Independent 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. Mcdonald Fam 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 12/2022, Mcdonald Fam Foundation generated $336.9k 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 (15.5%) each year. All expenses for the organization totaled $900.1k during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2020, Mcdonald Fam Foundation has awarded 98 individual grants totaling $2,261,000. 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.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Kevin Tiber Director, President & CFO | 1 | $0 | |
FR Pascal Nguyen Director, Vice President | 1 | $0 | |
Loraine Waestman Director, Secretary | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $424,348 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | -$87,479 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $336,869 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $16,485 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $82 |
| Total operating and administrative expenses | $181,069 |
| Contributions, gifts, grants paid | $719,000 |
| Total expenses and disbursements | $900,069 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $1,019,500 |
| 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 | $5,406,628 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $23,407 |
| Total assets | $11,155,612 |
| 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, The Mcdonald Fam Foundation has awarded $719,000 in support to 34 organizations.
| Grant Recipient | Amount |
|---|---|
AMERICANS UNITED FOR LIFE PURPOSE: SUPPORT & FACILITATE CHARITABLE WORKS | $12,000 |
BELLARMINE COLLEGE PREPARATORY PURPOSE: SUPPORT & FACILITATE CHARITABLE WORKS | $24,000 |
THE BRIDGE TRUST PURPOSE: SUPPORT & FACILITATE CHARITABLE WORKS | $24,000 |
CASA TERESA INC PURPOSE: SUPPORT & FACILITATE CHARITABLE WORKS | $24,000 |
CATHOLIC MEDICAL MISSION BOARD INC PURPOSE: SUPPORT & FACILITATE CHARITABLE WORKS | $24,000 |
CATHOLIC RELIEF SERVICES - USCCB PURPOSE: SUPPORT & FACILITATE CHARITABLE WORKS | $24,000 |