Jack R Macdonald Charitable Trust

Analysis

Jack R Macdonald Charitable Trust is a registered charity in United States, based in Dallas, TX. It received its IRS tax-exemption ruling in July 2016, 10 years ago. Its declared purposes cover philanthropy, voluntarism and grantmaking foundations, which this site groups under grant-making and general purposes. The IRS classifies it as a supporting organisation (type iii other) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Jack R Macdonald Charitable Trust reported income of $882k and spending of $11.4m, spending 1297% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $11.5m to $882k (-92%), an average of -47% a year. The sharpest change came in the year to December 2023, when income rose by 536%. Over the whole period it spent 80% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Jack R Macdonald Charitable Trust sits at the 80th percentile: it is larger than about 80% of them. Against every charity in United States with reported income it ranks in the 78th percentile, and in the 82nd percentile within TX. Charities of a similar size with the same main cause include Audrey Backus Charitable TR 101196 363-146565 ($882k), Halpern-Oppenheimer Family Foundation Inc ($882k) and Ohr Shloime Inc ($882k).

Compensation of current officers, directors and key employees was $433k (3.8% of expenses). At year end it held assets of $186.2m against liabilities of $0, net assets of $186.2m.