David R Macdonald Foundation
David R Macdonald Foundation is a private foundation, 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.
David R Macdonald Foundation at a glance
In short: David R Macdonald Foundation gave $106K across 6 grants in 2024 (avg $18K), top state New York. Source: 2024 IRS Form 990-PF.
- Annual giving (2024)
- $106,001
- -16.4% vs 2023
- Grants made (2024)
- 6
- -14.3% vs 2023
- Average grant
- $17,667
- -2.4% vs 2023
- Median grant
- $19,001
- Total assets
- $1,763,503
- -2.3% vs 2023
- Primary geography
- New York (28% of itemized 2024 grant dollars)
- Latest 990 filing
- Form 990-PF, 2024 View filing
Data from IRS Form 990-PF, 2024; updated September 2026.
Who David R Macdonald Foundation funds
How this funder distributes its grants
Top Recipients
Top 6 recipients in 2024
The largest 2024 recipient was Chicago Public School System- Chess Tournament Scholarships ($27K). Together the top 6 received $106K.
Grant Size Distribution
31 grants across all recorded years
The most common grant size was under $50K: 31 grants of 31 (100%).
Geographic Focus
Where this funder awards grants
Grant Distribution by State
Share of 2024 grant dollars across all 6 itemized grants.
Cities
How David R Macdonald Foundation gives
- Giving held roughly steady from 2021 to 2024 (−3%). Method
- In 2024 it paid out 81% of its IRS minimum distribution (the 5% rule). Foundations have until the end of the next year to meet it. Method
From the foundation's IRS Form 990-PF filings. Methodology.
Giving History
Giving Over Time
Total grant dollars and number of grants per year
From 2020 to 2024, annual grant giving ranged from $106K (2024) to $176K (2022). In 2024 it made 6 grants totaling $106K.
Grants by year
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| Chicago Public School System- Chess Tournament Scholarships Chicago, IL | Charitable | $27,000 |
| Wellesley College Wellesley, MA | Charitable | $21,000 |
| Locrian Chamber Players Jackson Heights, NY | Charitable | $20,000 |
| The Salvation Army National Washington, DC | Charitable | $18,001 |
| Cornell University Ithaca, NY | Charitable | $10,000 |
| University of Michigan Ann Arbor, MI | Charitable | $10,000 |
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Financial History
Multi-year comparison from IRS filings
| Filing year | Total Assets | Revenue | Expenses | Grants paid | Grants | Qualifying Distributions | Net Investment Income | Distributable Amount |
|---|---|---|---|---|---|---|---|---|
| 2024 | $1,763,503 | $121,656 | $163,744 | $106,001 | 6 | $154,311 | $95,930 | $189,994 |
| 2023 | $1,805,591 | $17,008 | $204,379 | $126,765 | 7 | $194,784 | $99,252 | $177,593 |
| 2022 | $1,992,962 | $124,029 | $238,788 | $175,900 | 6 | $217,950 | $113,592 | $183,844 |
| 2021 | $2,107,721 | $318,131 | $161,325 | $109,365 | 5 | $149,705 | $310,888 | $177,407 |
| 2020 | $1,950,915 | $20,984 | $171,379 | $113,865 | 7 | — | $94,848 | $168,581 |
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.
Leadership & Key People
Officers and directors from IRS filings
David R Macdonald Foundation is led by Verna Joy Macdonald, President on every filing since 2020; 1 of 7 officers listed in 2024 is compensated.
Officers on the 2024 filing
Verna Joy Macdonald
President
On filings since 2020
0.5 hrs/week
No compensation reported
David J. Macdonald
Director
On filings since 2020
0.5 hrs/week
No compensation reported
Emily Macdonald Spano
Director
On filings since 2020
0.5 hrs/week
No compensation reported
Martha Macdonald Spano
Director
On filings since 2020
0.5 hrs/week
No compensation reported
Rachel Macdonald Bondelevitch
Director
On filings since 2020
0.5 hrs/week
No compensation reported
Barbara Dooley
Vice President & Treasurer
On filings since 2020
8 hrs/week
$38K (2021) → $39K (2024)
Rebecca Macdonald Maas
Secretary
On filings since 2020
0.5 hrs/week
No compensation reported
Data from IRS Form 990 filings, 2020–2024. "On filings since" is the earliest filing we hold that lists the person; hours are average hours per week as reported.
Compensation Overview
From 2024 IRS filing
The highest reported compensation on the 2024 filing was $39K, to Barbara Dooley (VP & Treasurer).
Frequently asked questions about David R Macdonald Foundation
How much does David R Macdonald Foundation give each year?
David R Macdonald Foundation gave $106K across 6 grants in 2024, according to its 2024 IRS Form 990-PF. In 2023 it gave $127K across 7 grants.
What is David R Macdonald Foundation's typical grant size?
David R Macdonald Foundation's median grant in 2024 was $19,001, and its average grant was $17,667, across 6 grants on its 2024 IRS Form 990-PF.
Where does David R Macdonald Foundation give grants?
David R Macdonald Foundation's top state is New York, with 28% of the grant dollars itemized on its 2024 IRS Form 990-PF. The next largest states were Illinois (25%) and Massachusetts (20%).
Does David R Macdonald Foundation give general operating support?
Not in 2024: none of the 6 grants with a stated purpose on David R Macdonald Foundation's 2024 IRS Form 990-PF were described as general or operating support. Recurring purposes include "Charitable" (6 grants).
Who are David R Macdonald Foundation's largest grantees?
David R Macdonald Foundation's largest 2024 grantees include Chicago Public School System- Chess Tournament Scholarships ($27,000), Wellesley College ($21,000) and Locrian Chamber Players ($20,000), according to its 2024 IRS Form 990-PF. Together they received 64% of its itemized 2024 grant dollars.
How large is David R Macdonald Foundation?
David R Macdonald Foundation reported $1.8M in total assets on its 2024 IRS Form 990-PF. It paid out $154K in qualifying distributions that year, against a required minimum of $190K (roughly 5% of its investment assets). Falling short in one year is not a violation: foundations have until the end of the next year to meet the minimum.
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.
Data last updated September 2026. Sourced from IRS Form 990-PF filings.
Data update history
(1)
When this profile's IRS filing data changed on Grantable
- IRS filings on file for fiscal years 2020–2024
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