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Macdonald Family Foundation Inc. is a private corporation based in PENNINGTON, NJ. The foundation received its IRS ruling in 2005. The principal officer is Merrill Lynch Bank & Trust Co. It holds total assets of $3.5M. Annual income is reported at $2.6M. Total assets have grown from $1.7M in 2011 to $3.5M in 2023. The foundation is governed by 3 officers and trustees. The foundation operates in the area of philanthropy & grantmaking. According to its most recent filing, the foundation only makes contributions to preselected charitable organizations. Tax records are available from 2018 to 2023. The foundation primarily funds organizations in Maryland and Pennsylvania. According to available records, Macdonald Family Foundation Inc. has made 10 grants totaling $810K, with a median grant of $65K. The foundation has distributed between $245K and $300K annually from 2020 to 2023. Grantmaking activity was highest in 2022 with $300K distributed across 3 grants. Individual grants have ranged from $5K to $225K, with an average award of $81K. The foundation has supported 6 unique organizations. Grants have been distributed to organizations in Maryland and Pennsylvania. Contributions to this foundation are tax-deductible.
Smallest Grant
$5K
Median Grant
$60K
Average Grant
$61K
Largest Grant
$120K
Based on 4 grants from the most recent 990-PF filing.
No program descriptions are available for this foundation. Many private foundations report program activities in their annual 990-PF filings — check the Tax Filings section below for the most recent filing.
Macdonald Family Foundation Inc. primarily funds organizations in the area of philanthropy & grantmaking. Based on available records, the foundation has funded 10 grants. Its grantmaking reaches organizations primarily in MD, PA.
Macdonald Family Foundation Inc. has distributed a total of $810K across 10 grants. The median grant size is $65K, with an average of $81K. Individual grants have ranged from $5K to $225K.
Macdonald Family Foundation Inc. typically selects its grantees rather than accepting unsolicited proposals.
Macdonald Family Foundation Inc. is headquartered in PENNINGTON, NJ. While based in NJ, the foundation distributes grants to organizations across 2 states.
| Name | Title | Compensation | Benefits | Total |
|---|---|---|---|---|
| Shirley D Macdonald | VP/DIRECTOR | $0 | $0 | N/A |
| Margaret Macdonald-Sheetz | VICE PRESIDENT | $0 | $0 | N/A |
| Kellie T Macdonad-Pizzaco | VP/FDN ADMIN | $0 | $0 | N/A |
Total Giving
$326K
Total Assets
$3.5M
Fair Market Value
$4.2M
Net Worth
$3.5M
Grants Paid
$265K
Contributions
N/A
Net Investment Income
$65K
Distribution Amount
$196K
Total: $3.3M
Total Grants
10
Total Giving
$810K
Average Grant
$81K
Median Grant
$65K
Unique Recipients
6
Most Common Grant
$5K
of 2023 grantees were first-time recipients
| Recipient | Location | Amount | Year |
|---|---|---|---|
| Villanova UniversityUNRESTRICTED GENERAL | Villanova, PA | $200K | 2023 |
| Stevenson UniversityUNRESTRICTED GENERAL | Stevenson, MD | $60K | 2023 |
| Notre Dame Preparatory SchoolUNRESTRICTED GENERAL | Towson, MD | $5K | 2023 |
| The Ulman FoundationUNRESTRICTED GENERAL | Baltimore, MD | $225K | 2022 |
| Reading PartnersUNRESTRICTED GENERAL | Baltimore, MD | $20K | 2020 |
| The Ulman Cancer Fund For Young AdultsUNRESTRICTED GENERAL | Baltimore, MD | $5K | 2020 |