Form 990 for tax year 2023

Totals

Total revenue

$32,787,503

Total expenses

$2,387,707

Contributions and grants received

$0

Grants paid

$2,284,137

Program service revenue

$0

Investment income

$32,787,503

Other revenue

$0

Total assets, end of year

$139,632,832

Total liabilities, end of year

$0

Net assets or fund balances, end of year

$139,632,832

Program services expenses (Part IX)

$2,284,137

Management and general expenses

$103,570

Fundraising expenses

$0

Program service expenses (Part III)

$2,284,137

Program services were 95.7% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Line items

Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.

Mission and programs · 2023

• THE HIGHLAND DALLAS FOUNDATION IS ORGANIZED AND OPERATED EXCLUSIVELY AS A SUPPORTING ORGANIZATION WITHIN THE MEANING OF SECTION 509(A)(3) OF THE INTERNAL REVENUE CODE OF 1986, AS AMENDED (THE "CODE"), TO SUPPORT AND BENEFIT THE DALLAS FOUNDATION ("TDF"), A TEXAS NONPROFIT CORPORATION. TDF IS EXEMPT FROM FEDERAL INCOME TAXATION UNDER SECTION 501(A) OF THE CODE AS AN ORGANIZATION DESCRIBED IN SECTION 501(C)(3) OF THE CODE AND A PUBLIC CHARITY DESCRIBED IN SECTION 509(A)(1) OF THE CODE.THE ORGANIZATION RECEIVED ITS FUNDING AS ONE OF THREE CHARITABLE REMAINDER BENEFICIARIES OF A CHARITABLE REMAINDER TRUST CREATED BY JAMES DONDERO, WHICH TERMINATED ON NOVEMBER 30, 2011. THE ORGANIZATION'S SUPPORTED ORGANIZATION, TDF, IS THE OLDEST COMMUNITY FOUNDATION IN TEXAS AND SERVES DONORS AND NONPROFIT AGENCIES THROUGHOUT NORTH TEXAS. AS A COMMUNITY FOUNDATION, TDF OFFERS A RANGE OF WAYS FOR LOCAL PHILANTHROPISTS TO ASSIST THE COMMUNITY, INCLUDING DONOR ADVISED FUNDS, DESIGNATED AND AGENCY ENDOWMENT FUNDS, FIELD OF INTEREST FUNDS, SCHOLARSHIP FUNDS, AND UNRESTRICTED FUNDS. TDF FOCUSES ON CHALLENGES FACING NORTH TEXAS AND SEARCHES FOR NONPROFIT AGENCIES THAT ADDRESS THESE ISSUES MOST EFFICIENTLY AND EFFECTIVELY, AND IT ASSISTS IN CONNECTING DONORS TO CAUSES THEY CARE ABOUT. IN 2022, TDF PAID OUT $67,640,642 IN GRANTS TO CHARITABLE ORGANIZATIONS IN NORTH TEXAS. THE ORGANIZATION SUPPORTS AND BENEFITS TDF BY MAKING GRANTS DIRECTLY TO TDF IN SUPPORT OF ITS CHARITABLE PURPOSES. IN ADDITION, UPON THE DIRECTION AND ON BEHALF OF TDF, THE ORGANIZATION MAY MAKE GRANTS TO SUCH OTHER PUBLIC CHARITIES THAT TDF WISHES TO BENEFIT IN FURTHERANCE OF TDF'S EXEMPT PURPOSES. THE TOTAL ANNUAL GRANTS FROM THE ORGANIZATION TO OR ON BEHALF OF TDF ARE EXPECTED TO AVERAGE APPROXIMATELY $1,000,000 PER YEAR.

  Expenses $2,284,137 · Grants $2,284,137

As filed on the 2023 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.

Schedule J

Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.

Grants on this return

• THE DALLAS FOUNDATION

  $2,284,137

  GENERAL PROGRAM SUPPORT

Related organizations on this return

Schedule R Part II: tax-exempt organizations related to the filer by control. It does not record shared board members or money.

• THE DALLAS FOUNDATION

  501(C)(3) · COMMUNITY FOUNDATION · TX

Provenance

Return type

form_990

Tax year

2023

Filed

19 September 2024

IRS schema version

2023v5.1

Source object

202422649349300102

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