Eugene and Margaret McDermott Art Fund is a private foundation focused on Arts, Culture & Humanities, based in DALLAS, TX. IRS filing data is available from 2021 through 2025. As of 2025, the organization holds $281.1M in total assets. In 2025, it made $1.6M in qualifying distributions. Net investment income was $2.5M.
Financial Overview
From 2025 IRS Form 990-PF · View filing
Total Assets
$281.1M
+0.9% YoY
Revenue
$2.5M
+48.6% YoY
Qualifying Distributions
$1.6M
+4928.7% YoY
Expenses
$56K
+20.6% YoY
About Eugene and Margaret McDermott Art Fund
Based on IRS filings
Eugene and Margaret McDermott Art Fund is a private foundation focused on Arts, Culture & Humanities, based in DALLAS, TX. IRS filing data is available from 2021 through 2025. As of 2025, the organization holds $281.1M in total assets. In 2025, it made $1.6M in qualifying distributions. Net investment income was $2.5M.
Focus Areas
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Financial History
Multi-year comparison from IRS filings
| Metric | 2025 | 2024 | 2023 |
|---|---|---|---|
| Total Assets | $281,081,730 | $278,595,164 | $276,930,937 |
| Revenue | $2,542,163 | $1,710,386 | $981,855 |
| Expenses | $55,660 | $46,159 | $31,817 |
| Qualifying Distributions | $1,611,806 | $32,052 | $17,024 |
| Net Investment Income | $2,525,809 | $1,696,279 | $957,967 |
| Distributable Amount | — | — | — |
Giving Over Time
Total grant dollars and number of grants per year
Grant Insights
How this funder distributes its grants
Top Recipients
Top 0 recipients in 2025
Grant Size Distribution
0 grants across all recorded years
Giving History
Grant recipients and amounts by year
No grants recorded for 2025.
Leadership & Key People
Officers and directors from IRS filings
Compensation Overview
From 2025 IRS filing
From 2025 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| Mary M Cook | Chairman & Dir | 0.5 | — |
| Schatzie Lee | Director | 0.5 | — |
| Patricia J Brown | SecTreas & Director | 0.5 | — |
| Grace Cook | Director | 0.5 | — |
Subject Areas
Focus areas based on grantmaking activity
Frequently Asked Questions
What is Eugene and Margaret McDermott Art Fund?
Eugene and Margaret McDermott Art Fund is a private foundation focused on Arts, Culture & Humanities, based in DALLAS, TX. It holds $281.1M in total assets as of 2025.
How large is Eugene and Margaret McDermott Art Fund?
As of 2025, Eugene and Margaret McDermott Art Fund holds $281.1M in total assets with $2.5M in annual revenue.
What is Eugene and Margaret McDermott Art Fund's EIN?
Eugene and Margaret McDermott Art Fund's EIN (Employer Identification Number) is 75-2567893. IRS Form 990 filing data is available on this page for 2021–2025.
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Data last updated April 2026. Sourced from IRS Form 990-PF filings.
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