David R Macdonald Foundation
David R Macdonald Foundation is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in EMERALD ISLE, NC. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $1.8M in total assets. In 2024, it awarded 6 grants totaling $106K. Net investment income was $96K.
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$1.8M
-2.3% YoY
Annual Giving
$106K
-16.4% YoY
Grant Count
6
-14.3% YoY
Avg Grant Size
$18K
-2.4% YoY
Under IRS private-foundation payout rules, David R Macdonald Foundation reported a distributable amount of $190K for 2024 — the minimum it must pay out in qualifying distributions.
About David R Macdonald Foundation
Based on IRS filings
David R Macdonald Foundation is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in EMERALD ISLE, NC. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $1.8M in total assets. In 2024, it awarded 6 grants totaling $106K. Net investment income was $96K.
Focus Areas
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Geographic Focus
Where this funder awards grants
Grant Distribution by State
Cities
Financial History
Multi-year comparison from IRS filings
| Metric | 2024 | 2023 | 2022 |
|---|---|---|---|
| Total Assets | $1,763,503 | $1,805,591 | $1,992,962 |
| Revenue | $121,656 | $17,008 | $124,029 |
| Expenses | $163,744 | $204,379 | $238,788 |
| Qualifying Distributions | $154,311 | $194,784 | $217,950 |
| Net Investment Income | $95,930 | $99,252 | $113,592 |
| Distributable Amount | $189,994 | $177,593 | $183,844 |
Giving Over Time
Total grant dollars and number of grants per year
Grant Insights
How this funder distributes its grants
Top Recipients
Top 6 recipients in 2024
Grant Size Distribution
31 grants across all recorded years
Giving History
Grant recipients and amounts by year
Among its reported 2024 grants, the largest include Chicago Public School System- Chess Tournament Scholarships ($27,000), Wellesley College ($21,000), Locrian Chamber Players ($20,000).
| Recipient | Purpose | Amount |
|---|---|---|
| CHICAGO PUBLIC SCHOOL SYSTEM- CHESS TOURNAMENT SCHOLARSHIPS CHICAGO, IL | CHARITABLE | $27,000 |
| CORNELL UNIVERSITY ITHACA, NY | CHARITABLE | $10,000 |
| LOCRIAN CHAMBER PLAYERS JACKSON HEIGHTS, NY | CHARITABLE | $20,000 |
| THE SALVATION ARMY NATIONAL WASHINGTON, DC | CHARITABLE | $18,001 |
| UNIVERSITY OF MICHIGAN ANN ARBOR, MI | CHARITABLE | $10,000 |
| WELLESLEY COLLEGE WELLESLEY, MA | CHARITABLE | $21,000 |
Leadership & Key People
Officers and directors from IRS filings
Compensation Overview
From 2024 IRS filing
From 2024 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| VERNA JOY MACDONALD | PRESIDENT | 0.5 | — |
| MARTHA MACDONALD SPANO | DIRECTOR | 0.5 | — |
| EMILY MACDONALD SPANO | DIRECTOR | 0.5 | — |
| DAVID J MACDONALD | DIRECTOR | 0.5 | — |
| RACHEL MACDONALD BONDELEVITCH | DIRECTOR | 0.5 | — |
| REBECCA MACDONALD MAAS | SECRETARY | 0.5 | — |
| BARBARA DOOLEY | VP & TREASURER | 8 | $38,500 |
Subject Areas
Focus areas based on grantmaking activity
Frequently Asked Questions
What is David R Macdonald Foundation?
David R Macdonald Foundation is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in EMERALD ISLE, NC. It holds $1.8M in total assets as of 2024.
How large is David R Macdonald Foundation?
As of 2024, David R Macdonald Foundation holds $1.8M in total assets with $122K in annual revenue. It awarded 6 grants totaling $106K in 2024.
Where does David R Macdonald Foundation operate?
David R Macdonald Foundation has awarded grants in District of Columbia, Illinois, Massachusetts, Michigan, New York, Virginia.
What size grants does David R Macdonald Foundation award?
In 2024, David R Macdonald Foundation awarded 6 grants totaling $106K — an average of about $18K per grant, based on its IRS Form 990 filings.
How much is David R Macdonald Foundation required to give away each year?
Private foundations must generally distribute about 5% of their assets annually. For 2024, David R Macdonald Foundation reported a distributable amount of $190K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.
What is David R Macdonald Foundation's EIN?
David R Macdonald Foundation's EIN (Employer Identification Number) is 52-1968656. IRS Form 990 filing data is available on this page for 2020–2024.
Explore Open Grants
Browse active grant opportunities in David R Macdonald Foundation's focus areas in our free grants database
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Data last updated April 2026. Sourced from IRS Form 990-PF filings.