H Malcolm Macdonald Charitable Tr EIN 31-6629597 Form 990 (PDF) Claim this org

H Malcolm Macdonald Charitable Tr FY2022 filing

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Distributes income from a trust to charities chosen by Mr. MacDonald's will. For fiscal year 2022 it reported $-155K in revenue, $840K in expenses, and $15.8M in net assets.Pt I

Type
Supporting organization · Education
Location
Pennington, NJ
Filings
5 on file (2020–2022)
Revenue
$-155KFY2022
Expenses
$840K
Net assets
$15.8M
People
2
Filings
5
Updates
0
More identity details & actions ⌄
EIN  31-6629597 Supporting organization Pennington, NJ
Form 990 (PDF)
You’re viewing the FY2022 filing — not the latest on file. See the latest (FY2024) →
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Size
$1–10M
What they do
Distributes income from a trust to charities chosen by Mr. MacDonald's will.
Leadership
Bank of America NA · Trustee · $146K
Money in and out
$-155K revenue, $840K expenses
Bottom line
92% program spending
Money in and out · FY2022
Total revenue
$-155K
Pt VIII · Ln 12
Total expenses
$840K
Pt IX · Ln 25
Net assets
$15.8M
Pt X · Ln 32
Revenue less expenses (Pt I · Ln 19): −$995K
Where spending went · Part IX cols B–D
Program services $0.92 Management & general $0.08
Program spending
92%
of expenses reach stated programs

Summary of the Filing

Part I · fiscal year 2022 · Form 990
Revenue
$-155K
FY2022▼ -110%
Expenses
$840K
FY2022▲ +15%
Total assets
$15.8M
FY2022▼ -6%
Total liabilities
$0
FY2022
Total revenue
$-155K
Pt VIII · Ln 12
Total expenses
$840K
Pt IX · Ln 25
Net assets
$15.8M
Pt X · Ln 32
Revenue less expensesPt I · Ln 19−$995K
Total assetsPt X · Ln 16$15.8M
Program-expense ratioPt IX · col B92%
Voting members of governing bodyPt I · Ln 3pending
Independent voting membersPt I · Ln 4pending

Identity & Classification

Form 990 Header · IRS Business Master File
Legal nameHdr · item CH Malcolm Macdonald Charitable Tr
EINHdr · item D31-6629597
Principal addressHdr · item CPennington, NJ
WebsiteHdr · item Jnone reported
Year of formationHdr · item Lpending
State of legal domicileHdr · item MNJ
Exempt statusHdr · item I501(c)(3) · active
NTEE classificationIRS BMFEducation (B120)
Ruling yearIRS BMFJan 2000

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 12aYes
Whistleblower policyPt VI · Ln 13No
Document retention policyPt VI · Ln 14Yes
CEO/top-official compensation independently reviewedPt VI · Ln 15aNo
Family or business relationships among officers/directorsPt VI · Ln 2No

Officers, Directors & Key Employees

Part VII, Section A · reportable compensation
$146,213Pt VII · Sec A
Trustee
$0Pt VII · Sec A

Bank of America NA’s $148K as Trustee is at the 63rd percentile of top reported officer pay among 3394 $1–10M education nonprofits. Peer set: organizations in the same NTEE major field of work and revenue-size band, compared on each org’s own highest-paid officer/key-employee, from Form 990 Part VII / 990-PF Part VIII. Descriptive placement, not a verdict on whether the pay is appropriate.

Compensation history total reportable pay by year · 1 named individual · Part VII

NameFY2024FY2023FY2022FY2021FY2020
Bank of America NA$147,962$120,086$146,213$175,813$145,484

Total reportable compensation (Form 990 Part VII column D / Schedule J column E) by filing year, matched by name within this organization. The Schedule J base / bonus / deferred breakdown is not parsed into this dataset.

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Mission & Programs · Part III

Where the work happens

1 program service account for $683K of program spending, described in the organization's own filed words · FY2022.
01

Distribution of income of trust to public charities as set out in the will of h. Malcolm macdonald

$683Kprogram expense

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Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $0.92 Management & general $0.08
Program services92%$771K
Management & general8%$69K
Total functional expensesLn 25$840K

Balance Sheet

Part X · end of year
CashLn 1$1.4M
Total assetsLn 16$15.8M
Total liabilitiesLn 26$0
Total net assetsLn 32$15.8M
Months of cash on handcomputed20.2

Financial Metrics

Form 990 · FY2022 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $14.5M · Operating expenses/yr $840K
207.8 months
Where the money goes
Program services
Program services $771K · Total expenses $840K
92%
Management & General
Management & general $69K · Total expenses $840K
8%
Fundraising
Fundraising $0 · Total expenses $840K
0%
Cost to raise $1
Fundraising expense (3-yr avg) $0 · Solicited contributions (3-yr avg) $0
Solicited contributions below reporting floor
Where the money comes from
Contribution dependence
Contributions & grants $0 · Total revenue $-155K
Government reliance
Government grants — · Total revenue $-155K
Earned-income share
Program service revenue $0 · Total revenue $-155K
Investment reliance
Investment income $-155K · Total revenue $-155K
Program self-sufficiency
Program service revenue $0 · Total expenses $840K
0%
Growth & trend
Revenue growth (YoY)
This year $-155K · Prior year $1.6M
-110%
Net-asset trend (YoY)
End of year $15.8M · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $-155K · Expenses $840K
Liabilities-to-Assets
Total liabilities — · Total assets $15.8M
Net-asset ratio
Net assets $15.8M · Total assets $15.8M
100%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) — · Other securities (Pt X, ln 12) $13.1M · Total assets (Pt X, ln 16) $15.8M
83%
People & payroll
Highest Reported Total Compensation
Individual Bank of America NA · Reported title TRUSTEE · Highest reported compensation $146K · Total expenses $840K
17%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) $146K · Total expenses $840K
17%
Peer comparison

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

MetricThis orgPeer medianPercentile
Program ratio 92%
Overhead ratio 8%
Revenue growth -110%

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.

Grants

Schedule I · this organization's grantmaking
Grants paid · 12 grants · $2.0M · 2020–2024
University of Texas - Dept of GovFY2024$446,872
University of San FranciscoCA · FY2024$40,000
St Gregory's AbbeyFY2024$40,000
University of Texas - Dept of GovFY2023$472,551
University of San FranciscoCA · FY2023$40,000
St Gregory's AbbeyFY2023$40,000
University of Texas - Dept of GovFY2021$465,000
University of San FranciscoCA · FY2021$40,000
St Gregory's AbbeyFY2021$40,000
University of Texas - Dept of GovFY2020$343,000
University of San FranciscoCA · FY2020$40,000
St Gregory's AbbeyFY2020$40,000

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Filings & Schedule Manifest

Part IV
III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
FY2024 (Latest)$1.2M revenue · ⤓ 990 PDF
FY2023$700K revenue · ⤓ 990 PDF
FY2022$-155K revenue · viewing · ⤓ 990 PDF
FY2021$1.6M revenue · ⤓ 990 PDF
FY2020$780K revenue · ⤓ 990 PDF

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Sources

Every figure above is drawn from these filings
Form 990 e-file (XML) · FY2022IRS
Classification, formation year, addressIRS Business Master File
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