Dr John T Macdonald Foundation Inc
- Assets
- $22.0m
- Revenue
- $541.2k
- Investments
- $21.8m
- Employees
- 0
- Location
- Coral Gables, FL
- Founding
- 01/1960
- Data as of
- 12/2022
- EIN
- 59-0818918
Organization Overview
Dr John T Macdonald Foundation Inc is located in Coral Gables, FL. The organization was established in 1960. According to its NTEE Classification (T90) the organization is classified as: Named Trusts N.E.C., 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. Dr John T Macdonald Foundation Inc 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, Dr John T Macdonald Foundation Inc generated $541.2k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 8 years, the organization has seen revenues fall by an average of (11.7%) each year. All expenses for the organization totaled $968.1k during the year ending 12/2022. As we would expect to see with falling revenues, expenses have declined by (11.4%) per year over the past 8 years. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Dr John T Macdonald Foundation Inc has awarded 181 individual grants totaling $10,589,542. 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 |
|---|---|---|---|
John Edward Smith Managing Dir | 40 | $103,305 | |
Charles A Dunn MD Chair | 1 | $0 | |
Margaret C Starner CFP Vice Chair | 1 | $0 | |
Joe A Reyes CPA Secretary | 1 | $0 | |
Robert G Breier ESQ Director | 1 | $0 | |
Aldo C Busot Fa Director | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $35,152 |
| Interest on Savings | $82 |
| Dividends & Interest | $430,639 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $18,815 |
| Capital Gain Net Income | $18,815 |
| Net ST Capital Gain | $0 |
| Income Modifications | $5,000 |
| Profit on Inventory Sales | $0 |
| Other Income | $56,515 |
| Total Revenue | $541,203 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $103,305 |
| Other employee salaries and wages | $27,456 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $2,322 |
| Depreciation | $0 |
| Occupancy | $27,058 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $49,551 |
| Total operating and administrative expenses | $262,901 |
| Contributions, gifts, grants paid | $705,170 |
| Total expenses and disbursements | $968,071 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $200 |
| Savings and temporary cash investments | $231,219 |
| Net Accounts receivable | $0 |
| Net Pledges Receivable | $9,822 |
| 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 | $5,232 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $0 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $22,025,424 |
| Accounts payable and accrued expenses | $15,263 |
| Grants payable | $340,897 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $72,490 |
| Total liabilities | $428,650 |
Grants Awarded
Over the last fiscal year, Dr John T Macdonald Foundation Inc has awarded $892,295 in support to 63 organizations.
| Grant Recipient | Amount |
|---|---|
NSU COLLEGE OF DENTAL MEDICINE PURPOSE: TO PROMOTE HEALTHCARE | $3,375 |
305 PINK PACK INC PURPOSE: TO PROMOTE HEALTHCARE | $20,000 |
A CHANCE FOR THERAPY INC PURPOSE: TO PROMOTE HEALTHCARE | $22,500 |
BIT-BY-BIT RIDING CENTER PURPOSE: TO PROMOTE HEALTHCARE | $7,500 |
CARING FOR MIAMI PURPOSE: TO PROMOTE HEALTHCARE | $7,000 |
CANINE ASSISTED THERAPY INC PURPOSE: TO PROMOTE HEALTHCARE | $9,000 |