The Gift of Gratitude McDermott
The Gift of Gratitude McDermott is a private foundation focused on Arts, Culture & Humanities, based in Saratoga Springs, UT. IRS filing data is available from 2020 through 2025. As of 2025, the organization holds $429K in total assets. In 2025, it made $225K in qualifying distributions. Net investment income was $71K.
The Gift of Gratitude McDermott at a glance
- Total assets
- $429,228
- +3.1% vs 2024
- Revenue (2025)
- $297,811
- +54.1% vs 2024
- Qualifying distributions (2025)
- $225,068
- -7.5% vs 2024
- Expenses (2025)
- $233,344
- -7.7% vs 2024
- Latest 990 filing
- Form 990-PF, 2025 View filing
Data from IRS Form 990-PF, 2025; updated October 2026.
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Financial History
Multi-year comparison from IRS filings
| Filing year | Total Assets | Revenue | Expenses | Qualifying Distributions | Net Investment Income |
|---|---|---|---|---|---|
| 2025 | $429,228 | $297,811 | $233,344 | $225,068 | $70,683 |
| 2024 | $416,139 | $193,289 | $252,900 | $243,258 | $297 |
| 2023 | $475,750 | $277,685 | $185,671 | $182,505 | — |
| 2022 | $383,736 | $159,308 | $114,887 | $109,609 | — |
| 2021 | $339,315 | $210,213 | $58,038 | $58,038 | — |
| 2020 | $187,140 | $154,903 | $33,101 | — | — |
Leadership & Key People
Officers and directors from IRS filings
The Gift of Gratitude McDermott is led by Douglas McDermott, President on every filing since 2020; none of the 3 officers listed in 2025 report compensation.
Officers on the 2025 filing
Douglas McDermott
President
On filings since 2020
20 hrs/week
No compensation reported
Rylee McDermott
Director
On filings since 2020
0.5 hrs/week
No compensation reported
Lorie McDermott
Secretary
On filings since 2020
4 hrs/week
No compensation reported
Data from IRS Form 990 filings, 2020–2025. "On filings since" is the earliest filing we hold that lists the person; hours are average hours per week as reported.
Frequently asked questions about The Gift of Gratitude McDermott
How large is The Gift of Gratitude McDermott?
The Gift of Gratitude McDermott reported $429K in total assets on its 2025 IRS Form 990-PF. Its revenue that year was $298K.
What is The Gift of Gratitude McDermott?
The Gift of Gratitude McDermott is a private foundation focused on Arts, Culture & Humanities, based in Saratoga Springs, UT. It holds $429K in total assets as of 2025.
What is The Gift of Gratitude McDermott's EIN?
The Gift of Gratitude McDermott's EIN (Employer Identification Number) is 81-2609281. IRS Form 990 filing data is available on this page for 2020–2025.
Data last updated October 2026. Sourced from IRS Form 990-PF filings.
Data update history
(6)
When this profile's IRS filing data changed on Grantable
- Updated Form 990-PF for fiscal year 2020 (received by the IRS February 1, 2021)
- Updated Form 990-PF for fiscal year 2021 (received by the IRS May 9, 2022)
- Updated Form 990-PF for fiscal year 2022 (received by the IRS June 6, 2023)
- Updated Form 990-PF for fiscal year 2023 (received by the IRS February 1, 2024)
- Updated Form 990-PF for fiscal year 2024 (received by the IRS May 13, 2025)
- Added Form 990-PF for fiscal year 2025 (received by the IRS May 12, 2026)
Live grants for the work The Gift of Gratitude McDermott funds
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