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← JACK R MACDONALD CHARITABLE TRUST

Form 990 for tax year 2023

Filed by JACK R MACDONALD CHARITABLE TRUST.

Totals

Total revenue
$882,176
Total expenses
$11,442,203
Contributions and grants received
$0
Grants paid
$10,568,599
Program service revenue
$0
Investment income
$870,962
Other revenue
$11,214
Total assets, end of year
$186,169,044
Total liabilities, end of year
$0
Net assets or fund balances, end of year
$186,169,044
Program services expenses (Part IX)
$10,743,404
Management and general expenses
$698,799
Fundraising expenses
$0
Program service expenses (Part III)
$10,743,404

Program services were 93.9% 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.

Revenue

Part VIII, the statement of revenue.

  • 3 · Investment income

    total $4,481,789 · excluded $4,481,789

  • 7a · Gross sales of assets other than inventory

    securities $77,519,273 · other assets $559,048

  • 7b · Less cost or other basis and sales expenses

    securities $81,689,148

  • 7c · Gain or loss

    securities -$4,169,875 · other assets $559,048

  • 7d · Net gain or loss

    total -$3,610,827 · excluded -$3,610,827

  • 11a · Other revenue: PARTNERSHIP INCOME

    total $11,214 · excluded $11,214

  • 11e · Other revenue, total

    $11,214

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $10,568,599 · program services $10,568,599

  • 5 · Compensation of officers, directors and key employees

    total $432,901 · program services $173,160 · management and general $259,741

  • 11c · Fees: accounting

    total $4,050 · program services $1,620 · management and general $2,430

  • 11f · Fees: investment management

    total $192,084 · management and general $192,084

  • 24a · Other expenses: FOREIGN TAXES PAID

    total $114,125 · management and general $114,125

  • 24b · Other expenses: PARTNERSHIP EXPENSES

    total $117,496 · management and general $117,496

  • 24c · Other expenses: ALLOCABLE EXPENSES - CTF

    total $7,904 · management and general $7,904

  • 24d · Other expenses: OTHER INVESTMENT FEE

    total $5,019 · management and general $5,019

  • 24e · All other expenses

    total $25 · program services $25

Balance sheet

Part X, book values.

  • 2 · Savings and temporary cash investments

    beginning of year $9,390,836 · end of year $6,371,532

  • 11 · Investments: publicly traded securities

    beginning of year $187,726,051 · end of year $179,797,512

  • 29 · Capital stock, trust principal or current funds

    beginning of year $197,116,887 · end of year $186,169,044

Mission and programs · 2023

Mission

THIS CHARITABLE TRUST WAS CREATED BY THE TRUSTOR TO SUPPORT THE CHARITABLE ORGANIZATIONS NAMED IN THE GOVERNING DOCUMENT.

  • SEATTLE CHILDREN'S FOUNDATION - FOR RESEARCH NEEDS OF THE FOUNDATION

    Expenses $4,297,360 · Grants $4,227,439

  • UNIVERSITY OF WASHINGTON - SCHOOL OF LAW TO ENDOW THE JACK R MACDONALD CHAIR WITH THE REMAINDER IN EQUAL SHARES FOR SCHOLARSHIPS TO DESERVING LOW-INCOME STUDENTS AND UNRESTRICTED GENERAL SUPPORT

    Expenses $3,223,022 · Grants $3,170,580

  • THE SALVATION ARMY - UNRESTRICTED GENERAL SUPPORT FOR THE NORTHWEST DIVISION

    Expenses $3,223,022 · Grants $3,170,580

As filed on the 2023 return.

Listed in Part VII

  • BANK OF AMERICA N A

    TRUSTEE

    Total calculated
    $432,901
    From this org
    $432,901
    From related orgs
    $0
    Other
    $0
    Hours/week
    1

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.

Grants on this return

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.

Provenance

Return type
form_990
Tax year
2023
Filed
22 October 2024
IRS schema version
2023v5.1
Source object
202412969349300241

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