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Odonnell Foundation is a private corporation based in DALLAS, TX. The foundation received its IRS ruling in 1959. It holds total assets of $195.1M. Annual income is reported at $21.9M. Total assets have grown from $83.7M in 2010 to $365.4M in 2024. The foundation is governed by 8 officers and trustees. Tax records are available from 2020 to 2024. Grantmaking is concentrated in Texas. According to available records, Odonnell Foundation has made 40 grants totaling $280.2M, with a median grant of $948K. Annual giving has grown from $2.7M in 2020 to $31.4M in 2024. Grantmaking activity was highest in 2022 with $212.6M distributed across 12 grants. Individual grants have ranged from $1K to $102.4M, with an average award of $7M. The foundation has supported 18 unique organizations. Grant recipients are concentrated in Texas. Contributions to this foundation are tax-deductible.
The O'Donnell Foundation operates as a proactive, strategic funder that does not accept unsolicited applications. Founded in 1957 by Peter O'Donnell Jr. — a prominent Texas philanthropist and political figure — the foundation identifies institutions and programs aligned with its mission and initiates funding relationships directly. Its strategy centers on building model programs in STEM education, medical research, and the arts, primarily in Texas with heavy concentration on Dallas/North Texas. The foundation's approach is to make transformational investments in a small number of institutional partners rather than distributing many smaller grants. This means organizations cannot simply apply for funding; they must build relationships and visibility with the foundation or be identified through its strategic planning process. The foundation's emphasis on 'model programs' suggests it seeks replicable innovations that can demonstrate impact beyond a single institution.
The O'Donnell Foundation makes exceptionally large grants by private foundation standards, with individual awards routinely in the $5 million to $100 million range. Recent major grants include $100 million to UT Southwestern Medical Center for its public health school, $50 million across North Texas higher education institutions, $60 million to the Dallas County Promise for postsecondary access, $30 million to SMU for data science and engineering, and $30 million to Dallas College Foundation for full-tuition scholarships. The foundation's reported assets of approximately $365 million do not reflect its total giving capacity, as the O'Donnell family has directed additional philanthropic resources through direct gifts. Funding concentrates in four areas: science/engineering education, medicine, the arts, and K-12 improvement through teacher development. The foundation favors multi-year commitments that can create lasting structural change in institutions rather than one-time project grants.
| Foundation | Assets | Focus | Approach | Geography |
|---|---|---|---|---|
| O'Donnell Foundation | ~$365M | STEM education, medicine, arts | Proactive, no applications | Dallas/Texas |
| Meadows Foundation | ~$1.5B | Broad (education, arts, health, civic) | Accepts applications | Texas statewide |
| Moody Foundation | ~$2B | Broad (education, health, arts, social services) | Accepts applications | Texas statewide |
| Sid W. Richardson Foundation | ~$700M | Education, health, human services, arts | Accepts applications | Fort Worth/Texas |
| Communities Foundation of Texas | ~$2B+ | Broad community needs (DAF) | Donor-directed | North Texas |
Among Texas foundations, O'Donnell is distinctive for its proactive model (no applications accepted) and its disproportionately large individual grants relative to asset size. While Meadows and Moody foundations maintain traditional open-application processes and distribute grants across many organizations, O'Donnell concentrates resources on fewer, larger bets. Its STEM and medical focus is narrower than most Texas peers but its per-grant impact is among the highest in the state. The foundation has helped position Dallas as a major hub for educational innovation and medical research through anchor investments in local institutions.
1. Understand that this is not an application-based foundation: The O'Donnell Foundation does not accept unsolicited proposals or applications. If you are seeking funding, you must be identified by the foundation through its strategic planning or be introduced through institutional relationships. 2. Build institutional visibility in Texas STEM and education: The foundation identifies model programs through its networks. Ensure your institution and programs are visible in Texas education, STEM, and medical research circles. Present at relevant conferences and publish results that demonstrate impact. 3. Align with the model program philosophy: The foundation funds programs designed to be models for replication. Frame your work in terms of scalable impact and lessons for the broader field, not just local outcomes. 4. Consider partnership with existing grantees: Organizations like UT Dallas, SMU, Dallas College, and UT Southwestern have deep relationships with the foundation. Collaborative proposals or programs connected to these anchor institutions may gain visibility. 5. Focus on the four priority areas: Science/engineering education, medicine/public health, arts, and K-12 teacher quality improvement. Proposals outside these areas are unlikely to attract attention regardless of merit.
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Smallest Grant
$25K
Median Grant
$185K
Average Grant
$302K
Largest Grant
$895K
Based on 9 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.
The O'Donnell Foundation makes exceptionally large grants by private foundation standards, with individual awards routinely in the $5 million to $100 million range. Recent major grants include $100 million to UT Southwestern Medical Center for its public health school, $50 million across North Texas higher education institutions, $60 million to the Dallas County Promise for postsecondary access, $30 million to SMU for data science and engineering, and $30 million to Dallas College Foundation for.
Odonnell Foundation has distributed a total of $280.2M across 40 grants. The median grant size is $948K, with an average of $7M. Individual grants have ranged from $1K to $102.4M.
The O'Donnell Foundation operates as a proactive, strategic funder that does not accept unsolicited applications. Founded in 1957 by Peter O'Donnell Jr. — a prominent Texas philanthropist and political figure — the foundation identifies institutions and programs aligned with its mission and initiates funding relationships directly. Its strategy centers on building model programs in STEM education, medical research, and the arts, primarily in Texas with heavy concentration on Dallas/North Texas. .
Odonnell Foundation is headquartered in DALLAS, TX.
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| Name | Title | Compensation | Benefits | Total |
|---|---|---|---|---|
| WILLIAM T SOLOMON | CHAIRMAN, PRESIDENT & CEO | $487K | $0 | $487K |
| TIFFANY ARMSTRONG | VP & SECRETARY & TREASURER | $302K | $0 | $302K |
| SERENA RITCH | VP & DIR. OF ARTS PROGRAM | $250K | $0 | $250K |
| CAREN PROTHRO | VICE-CHAIRMAN | $0 | $0 | N/A |
| ROBERT DEDMAN JR | VICE-CHAIRMAN | $0 | $0 | N/A |
| JERE THOMPSON JR | DIRECTOR | $0 | $0 | N/A |
| RUTH O'DONNELL MUTCH | DIRECTOR | $0 | $0 | N/A |
| EDWARD A COPLEY | DIRECTOR | $0 | $0 | N/A |
Total Giving
$31.4M
Total Assets
$365.4M
Fair Market Value
$356.9M
Net Worth
$365.4M
Grants Paid
$31.4M
Contributions
$234.4M
Net Investment Income
$57.1M
Distribution Amount
$8.1M
Total Grants
40
Total Giving
$280.2M
Average Grant
$7M
Median Grant
$948K
Unique Recipients
18
Most Common Grant
$1M
of 2024 grantees were first-time recipients
| Recipient | Location | Amount | Year |
|---|---|---|---|
| SOUTHERN METHODIST UNIVERSITYOPERATIONS | DALLAS, TX | $10.6M | 2024 |
| THE UNIVERSITY OF TEXAS AT DALLASOPERATIONS | RICHARDSON, TX | $7.5M | 2024 |
| DALLAS SYMPHONY ASSOCIATIONOPERATIONS | DALLAS, TX | $6.8M | 2024 |
| UNIVERSITY OF TEXAS SOUTHWESTERN MEDICAL CENTER AT DALLASOPERATIONS | DALLAS, TX | $2.5M | 2024 |
| UPLIFT EDUCATIONOPERATIONS | DALLAS, TX | $1M | 2024 |
| MEADOWS MENTAL HEALTH POLICY INSTITUTEOPERATIONS | DALLAS, TX | $1M | 2024 |
| THE DALLAS OPERAOPERATIONS | DALLAS, TX | $1M | 2024 |
| SOUTHWESTERN MEDICAL FOUNDATIONOPERATIONS | DALLAS, TX | $750K | 2024 |
| BIG THOUGHTOPERATIONS | DALLAS, TX | $250K | 2024 |
| THE ACADEMY OF MEDICINE ENGINEERING & SCIENCE OF TEXASOPERATIONS | AUSTIN, TX | $15K | 2024 |
| Woodall Rodgers Park FoundationOPERATIONS | Dallas, TX | $500K | 2023 |
| The University Of TexasOPERATIONS | Austin, TX | $85K | 2023 |
| Dallas Museum Of ArtOPERATIONS | Dallas, TX | $1K | 2023 |
| The Dallas Museum Of ArtOPERATIONS | Dallas, TX | $895K | 2020 |
| Texas Tree FoundationOPERATIONS | Dallas, TX | $300K | 2020 |
| The Dallas FoundationOPERATIONS | Dallas, TX | $100K | 2020 |
| National Math And Science Initiative IncOPERATIONS | Dallas, TX | $79K | 2020 |
| World Affairs Council Of Dallasfort WorthOPERATIONS | Dallas, TX | $25K | 2020 |