Eugene McDermott Foundation FY2024 filing

Dallas, TX · Private foundation / grantmaker

✓ Tax-deductible Latest data FY2024
Revenue
$17.0M
▲ +39% vs prior year
Spent
$62.1M
Net assets
$165.2M
You’re viewing the FY2024 filing — not the latest on file. See the latest (FY2025) →

Form 990 for the fiscal year ending August 2024 (IRS tax year 2023).

Figures match the IRS filing checked 8/10/26 · see original: IRS

Status and standing

Tax-deductible?
Yes
Per the IRS master file.
Can I give now?
No revocation on IRS record
Not on the IRS revocation list.
Filing up to date?
Filed FY2024 (typical filing lag)
Foundation funders?
Not on file
Spent on programs?
Not on file
Size and trend
$10–100M
↑ +39% vs prior year
Legal name (IRS)Hdr · item CEugene McDermott Foundation
EINHdr · item D23-7237919
Exempt statusHdr · item I501(c)(3) · active
Ruling yearIRS BMFNov 1972
Latest filingForm 990FY2025 · Form 990-PF
Principal addressHdr · item CDallas, TX
NTEE classificationIRS BMFNonprofit

Where the money goes

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Grants & contributions paid $0.98 Operating & administrative $0.02
Grants & contributions paid98%$60.8M
Operating & administrative2%$1.3M
Total functional expensesLn 25$62.1M

Financial health

Revenue & expenses by yearFY2020–FY2025
Revenue
$17.0M
FY2024▲ +39%
Expenses
$62.1M
FY2024▲ +184%
Total assets
165.2M
deployed as grants and operations
Grants paid
60.8M
in FY2024
Grants made
140grants
total in period
Payout rate
37%
of assets (5% rule)

Summary of the Filing

Part I · fiscal year 2024 · Form 990-PF
Total assets
$165.2M
FY2024▼ -22%
Total liabilities
$0
FY2024
Total assetsPt II$165.2M

Balance Sheet

Part X · end of year
CashLn 1$6.9M
Total assetsLn 16$165.2M
Total liabilitiesLn 26$0
Total net assetsLn 32$165.2M
Months of cash on handcomputed1.3

Statement of Revenue

Part VIII
Investment income100%$17.0M
Contributions & grants$6K
Other revenue$33K
Total revenueLn 12$17.0M

Financial Metrics

Form 990 · FY2024 · each ratio shown with the dollars behind it
Liquidity & Payout
Payout rate
Grants paid $0 · Total assets $165.2M
0%
Where the money comes from
Contribution dependence
Contributions & grants — · Total revenue $17.0M
—
Government reliance
not reported
Earned-income share
not reported
Investment reliance
Investment income $0 · Total revenue $17.0M
0%
Program self-sufficiency
not reported
Growth & trend
Revenue growth (YoY)
This year $17.0M · Prior year $12.2M
+39%
Revenue CAGR
FY2019 $91.4M · FY2023 $17.0M
-34%
Net-asset trend (YoY)
End of year $165.2M · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $17.0M · Expenses $62.1M
-265%
Liabilities-to-Assets
Total liabilities — · Total assets $165.2M
—
Net-asset ratio
Net assets $165.2M · Total assets $165.2M
100%
People & payroll
Highest Reported Total Compensation
Individual — · Reported title — · Highest reported compensation — · Total expenses $62.1M
No individual compensation reported on this filing
Personnel share
not reported
Peer comparison

Same NTEE category, revenue band, and state where available. Descriptive — not a grade.

MetricThis orgPeer medianPercentile
Revenue growth 39%——

Straight from the Form 990 — descriptive, not an evaluation. A ratio is hidden when its base is zero or too small to be meaningful; the dollars are always shown.

Leadership and pay

Officers, Directors & Key Employees

Part VII, Section A · reportable compensation
Officers, directors & key employeesPt VII · Sec ANot reported
See Eugene McDermott Foundation executive salaries →

Governance & Policies

Part VI
Voting members of the governing bodyPt VI · Ln 1apending
Independent voting membersPt VI · Ln 1bpending
Conflict-of-interest policyPt VI · Ln 12a—
Whistleblower policyPt VI · Ln 13—
Document retention policyPt VI · Ln 14—
CEO/top-official compensation independently reviewedPt VI · Ln 15a—
Family or business relationships among officers/directorsPt VI · Ln 2—

Mission and programs

A private foundation based in Dallas, TX.

Provided by the organization

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Grants and how to apply

Who They Fund

Part XV · grants paid · 140 grants · $55.5M · 2024–2024
The Dallas OperaTX · FY2024$7,000,000
North Texas Public BroadcastingFY2024$5,000,000
Health Equity Foundation of GreaterFY2024$5,000,000
Southern Gateway Public Green FndFY2024$5,000,000
Resource Center of Dallas INCTX · FY2024$3,000,000
The Compass School of TexasTX · FY2024$1,500,000
Parkland Health FoundationFY2024$1,000,000
North Texas Food BankTX · FY2024$1,000,000
Metrocare DallasFY2024$1,000,000
Utsw and Childrens HealthFY2024$1,000,000
SPCA of TexasTX · FY2024$1,000,000
First Presbyterian ChurchFY2024$1,000,000
Dallas Holocaust and Human RightsFY2024$1,000,000
Georgia Okeeffe MuseumFY2024$1,000,000
Ut Southwestern Medical CenterFY2024$1,000,000
Texas Tree FoundationFY2024$1,000,000
See all 140 grants →

Grantmaking Profile

Patterns in foundation giving
Distinct granteesPart XV70
Average grantPart XV$396K
Median grantPart XV$75K
Largest grantPart XV$7.0M
Top cause focusNTEEArts & Culture (21%)

Filing history

YearRevenueExpensesChangeFiling
FY2025 Latest $21.3M$56.6M+26% 990 PDF
FY2024 Viewing $17.0M$62.1M+39% 990 PDF
FY2023 $12.2M$21.9M-88% 990 PDF
FY2022 $97.9M$17.8M×14 990 PDF
FY2021 $7.1M$16.4M-92% 990 PDF
FY2020 $91.4M$16.5M 990 PDF

Want to add your own materials alongside these filings? Claim this org

Schedules filed Part IV

III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash

Not shown yet: ratings, outcomes, and peer benchmarks. A Form 990 doesn’t report them.

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Sources

Every figure above is drawn from these filings
Form 990 e-file (XML) · FY2024IRS
Classification, formation year, addressIRS Business Master File
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