Rucker-Donnell Foundation

The Rucker-Donnell Foundation is a private foundation located in Murfreesboro, Tennessee, USA. It is classified under the category of Philanthropy, Voluntarism and Grantmaking Foundations, specifically as a private grantmaking foundation.

Purpose and Activities

The Rucker-Donnell Foundation primarily focuses on philanthropic activities, with its giving primarily directed towards a United Methodist college and also supporting a polytechnic university. This philanthropic focus highlights its commitment to education.

Establishment and History

Established in 2001, the foundation has been actively involved in grantmaking activities across various years. It has provided numerous grants, with a notable amount of $1000004 in grants awarded in 2023. The grant history shows a consistent pattern of support, with varying numbers of awards each year, reflecting its ongoing commitment to philanthropy.

Financial Overview

As of 2023, the foundation reported significant financial figures, including a revenue of $6.26 million, expenses of $1.2 million, total assets of $11.3 million, and total liabilities of $451[1]. These financial details indicate the foundation's substantial resources and minimal liabilities.

Governance

The foundation is governed by a board of trustees, with key officers including Rick G. Mansfield, William E. Rowland, and J. Kent Burklow, who have historically received compensation for their roles[1].

Tax Status

The Rucker-Donnell Foundation is a tax-exempt organization, and donations to the foundation are tax deductible, aligning with its status as a charitable organization.

Structure

As a private foundation, the Rucker-Donnell Foundation operates under strict guidelines set by the Internal Revenue Service (IRS), including filing annual Form 990-PF reports that detail its finances and grantmaking activities. These reports are publicly available and provide insights into the foundation's operations and philanthropic efforts.