Phyllis D & Franklin P Mcdonald Fdn
Phyllis D & Franklin P Mcdonald Fdn is a private foundation, based in MOBILE, AL. IRS filing data is available from 2020 through 2023. In 2023, it awarded 1 grants totaling $170K. Net investment income was $12K.
Financial Overview
From 2023 IRS Form 990-PF · View filing
Total Assets
—
-100.0% YoY
Annual Giving
$170K
+1728.2% YoY
Grant Count
1
-50.0% YoY
Avg Grant Size
$170K
+3556.4% YoY
Under IRS private-foundation payout rules, Phyllis D & Franklin P Mcdonald Fdn reported a distributable amount of $3K for 2023 — the minimum it must pay out in qualifying distributions.
About Phyllis D & Franklin P Mcdonald Fdn
Based on IRS filings
Phyllis D & Franklin P Mcdonald Fdn is a private foundation, based in MOBILE, AL. IRS filing data is available from 2020 through 2023. In 2023, it awarded 1 grants totaling $170K. Net investment income was $12K.
Ready to take the next step with Phyllis D & Franklin P Mcdonald Fdn?
Geographic Focus
Where this funder awards grants
Grant Distribution by State
States
Cities
Financial History
Multi-year comparison from IRS filings
| Metric | 2023 | 2022 | 2021 |
|---|---|---|---|
| Total Assets | — | $157,770 | $155,237 |
| Revenue | $18,655 | $16,861 | $10,815 |
| Expenses | $176,425 | $14,328 | $13,482 |
| Qualifying Distributions | $170,057 | $9,302 | — |
| Net Investment Income | $12,423 | $11,945 | $6,051 |
| Distributable Amount | $3,485 | $10,059 | $9,303 |
Giving Over Time
Total grant dollars and number of grants per year
Grant Insights
How this funder distributes its grants
Top Recipients
Top 1 recipients in 2023
Grant Size Distribution
7 grants across all recorded years
Giving History
Grant recipients and amounts by year
Among its reported 2023 grants, the largest include United Way of Southwest Alabama ($170,057).
| Recipient | Purpose | Amount |
|---|---|---|
| UNITED WAY OF SOUTHWEST ALABAMA MOBILE, AL | EDUCATION | $170,057 |
Leadership & Key People
Officers and directors from IRS filings
Compensation Overview
From 2023 IRS filing
From 2023 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| REGIONS BANK TRUST DEPARTMENT | TRUSTEE | 10 | $1,321 |
| TK JACKSON | DISTRIBUTION COMMITTEE | — | — |
| JOHN C JOHNSON | DISTRIBUTION COMMITTEE | — | — |
| MITCHELL SHACKLEFORD | DISTRIBUTION COMMITTEE | — | — |
Frequently Asked Questions
Where does Phyllis D & Franklin P Mcdonald Fdn operate?
Phyllis D & Franklin P Mcdonald Fdn has awarded grants in Alabama.
What size grants does Phyllis D & Franklin P Mcdonald Fdn award?
In 2023, Phyllis D & Franklin P Mcdonald Fdn awarded 1 grants totaling $170K — an average of about $170K per grant, based on its IRS Form 990 filings.
How much is Phyllis D & Franklin P Mcdonald Fdn required to give away each year?
Private foundations must generally distribute about 5% of their assets annually. For 2023, Phyllis D & Franklin P Mcdonald Fdn reported a distributable amount of $3K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.
What is Phyllis D & Franklin P Mcdonald Fdn's EIN?
Phyllis D & Franklin P Mcdonald Fdn's EIN (Employer Identification Number) is 23-7102015. IRS Form 990 filing data is available on this page for 2020–2023.
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Data last updated April 2026. Sourced from IRS Form 990-PF filings.