Donahue Foundation

The Donahue Foundation is a US nonprofit organization designated as a 501(c)(3), which allows donations to be tax deductible. Its purpose includes supporting activities related to religious, educational, charitable, scientific, literary, and public safety endeavors, among others[2].

Financial Overview

As of the most recent financial data available, the Donahue Foundation derives its revenue primarily from the sales of assets, with significant contributions from dividends. For example, in 2021, the foundation reported $457,460 in sales of assets, accounting for approximately 87.4% of its total revenue, while dividends contributed $64,978, or about 12.4% of total revenue[2].

Charitable Disbursements

The Donahue Foundation focuses primarily on charitable disbursements. In 2021, charitable disbursements comprised about 87.7% of its total expenses, amounting to $538,658[2]. The organization also reports officer compensation, with the executive director receiving a compensation package in some years[2].

Key Personnel

Key personnel of the foundation include Lisa Donahue Goodwin, who serves as Executive Director and Secretary, and other directors such as William P. Donahue, Mark Donahue, Greg Donahue, Rita Ochs, and Teri Goddard[2].

Governance and Activities

Details on specific programs or initiatives beyond general charitable purposes are not widely documented in available sources. However, the foundation's financial reports and tax filings indicate active engagement in philanthropic activities through its annual grantmaking efforts and strategic charitable disbursements.

EIN and Legitimacy

The Donahue Foundation operates under the EIN 841151637, confirming its status as a legitimate nonprofit entity within the United States[2].