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    3. Eugene Mcdermott Foundation

    Eugene Mcdermott Foundation

    ActiveMutual & Membership BenefitFunds Individuals
    Dallas, TX
    EIN (Tax ID): 23-7237919Latest Form 990: 2025Total assets: $131M4 filings on record

    About Eugene Mcdermott Foundation

    The Eugene McDermott Foundation makes very large, place-based investments in Dallas-area cultural institutions and biomedical research/education infrastructure. Its recent grants are dominated by major capital and transformational projects—reimagining the art museum, a new zoo exhibit, support for the symphony’s operations and endowment, and construction of a biomedical engineering building at two local universities. The foundation prioritizes flagship institutions that serve the Dallas community and combine capital needs with long-term institutional sustainability.

    Focus Areas

    Major cultural institutions in Dallas (museums and performing arts — e.g., Dallas Museum of Art, Dallas Symphony)Zoological exhibit development and capital projects (Dallas Zoo)Biomedical engineering facilities and research infrastructure at Dallas-area universities (UT Southwestern, UT Dallas)Operations and endowment support for flagship cultural organizations

    Who They Fund

    youth and students (K–12 and college-age)general public/visitors to museums, parks, and zoosarts communities and cultural organizations (artists, arts journalists)

    About Eugene Mcdermott Foundation

    The Eugene McDermott Foundation’s recent giving is anchored by major capital commitments to Dallas institutions: $10 million for the Dallas Museum of Art’s Reimagining the DMA and $10 million for a new exhibit at the Dallas Zoological Society. Those two grants capture a broader pattern of place-based support for large civic projects that shape the city’s cultural life. The foundation also backed the Dallas Symphony Association with $9 million for annual fund operations and endowment support, showing that it funds both new initiatives and long-term institutional stability. Across the recent grant list, the foundation repeatedly supports organizations that combine public programming with major facility or endowment needs. It gave $7 million to The Dallas Opera to help meet an O’Donnell Foundation matching grant, $5 million to North Texas Public Broadcasting for The Future of KERA, and $4 million each to UT Southwestern Medical Center and the University of Texas at Dallas for the TI Biomedical Engineering & Science Building. The pattern points to a funder that invests in high-profile Dallas institutions with significant infrastructure, audience, and research ambitions.

    What Eugene Mcdermott Foundation Funds

    In arts and culture, the foundation has made large awards for museums, symphony, opera, broadcasting, and human-rights programming. It gave $5 million to North Texas Public Broadcasting for The Future of KERA and $1 million to Dallas Holocaust and Human Rights for endowment support. Its biomedical and higher-education giving centers on research facilities and campus infrastructure. UT Southwestern Medical Center received $4 million for the TI Biomedical Engineering & Science Building, and the University of Texas at Dallas received the same amount for that building. The foundation also gave $1.2 million to University of Texas at Dallas for the McDermott Suite Renovation. Public-space and civic projects appear as another clear theme. Southern Gateway Public Green received $5 million for construction of a park, while Fair Park First received $1.5 million for the Rebirth of Magnolia Lounge. Those grants sit alongside support for zoo and museum development, showing a strong interest in spaces used by the Dallas public.

    How Eugene Mcdermott Foundation Gives

    Typical grant size is $20,000 at the 25th percentile, $50,000 at the median, and $200,000 at the 75th percentile, but the recent list also includes several multi-million-dollar awards. The foundation’s giving is highly recurring in Dallas-area institutions: Dallas Symphony Association appears in both 2024 and 2025, Dallas Zoological Society appears in 2023 and 2025, Southern Gateway Public Green appears in 2023 and 2025, and University of Texas at Dallas appears in 2025 more than once. The foundation is a private foundation rather than a program-initiated grantmaker, and it also funds individuals. No application process is shown in the provided data.

    Financial Snapshot

    Annual Giving

    $55.5M

    Total Assets

    $131M

    Total Revenue

    $21.3M

    Total Expenses

    $56.6M

    Typical Grant Size

    Most grants fall between $20K and $200K, with a median of $50K.

    25th Percentile

    $20K

    Median

    $50K

    75th Percentile

    $200K

    Geographic Reach

    Local10 states funded

    About 96% of grants go to recipients in TX.

    Funding intensity
    Low
    High
    Headquarters

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    university researchers, faculty, and students (biomedical/brain health)
    seniors and homebound individuals (Meals on Wheels)
    LGBTQIA individuals seeking health services
    local Dallas neighborhoods, including West Dallas community

    Giving Approach

    Very concentrated, high-dollar capital and endowment grants to a small set of local flagship institutions; few grants overall but large in size and focused on transformational projects in the Dallas metro.

    Funding Style

    operations support (annual operating funds)capital construction & renovation (new buildings & facility upgrades)matching & challenge grantsendowment building & endowed chairsprogrammatic support (event/program expansion, outreach)

    Notable grantees: Dallas Museum of Art, Dallas Zoological Society (Dallas Zoo), Dallas Symphony Association, UT Southwestern Medical Center, University of Texas at Dallas

    Topics

    museum & exhibit developmentpark, playground & urban green-space developmentarts education, community engagement & festivalshigher-education research facilities (biomedical engineering, brain health)youth programming & out-of-school learning (City of Learning, tutoring, summer)public health & social services (LGBTQIA health campus, Meals on Wheels, street-to-home)capital campaign support & philanthropic infrastructure (parking garage, endowment matching)

    Where Eugene Mcdermott Foundation Makes Grants

    Grantmaking is overwhelmingly local and concentrated in Texas, with 96% of grants going to recipients in the foundation’s headquarters state. Dallas is the clearest center of activity, including awards to the Dallas Museum of Art, Dallas Symphony Association, Dallas Zoological Society, North Texas Public Broadcasting, United Way of Metropolitan Dallas, and UT Southwestern Medical Center. Outside Dallas, the recent list includes Austin recipients such as Planned Parenthood of Greater Texas and the Lady Bird Johnson Wildflower Center, plus a smaller number of grants to Santa Fe, Washington, and Fort Worth.

    Frequently Asked Questions About Eugene Mcdermott Foundation

    What kinds of organizations does The Eugene McDermott Foundation support?

    The foundation supports Dallas-area cultural institutions, biomedical engineering and research infrastructure, parks and green space, and selected public health and social service organizations. Recent grants include museums, symphony and opera groups, universities, a zoo, and community-serving nonprofits such as United Way of Metropolitan Dallas and Resource Center of Dallas Inc.

    How large are grants from The Eugene McDermott Foundation?

    The typical grant size is $20,000 at the 25th percentile, $50,000 at the median, and $200,000 at the 75th percentile. The recent grants list also shows much larger awards, including multiple grants of $5 million, $7 million, $9 million, and $10 million.

    Does The Eugene McDermott Foundation give mostly in Texas?

    Yes. The geographic scope is local, and 96% of grants go to recipients in Texas. Dallas is the primary recipient city in the recent list, with additional grants in Austin, Fort Worth, Santa Fe, and Washington, DC.

    Does The Eugene McDermott Foundation make recurring grants?

    Yes. Several recipients appear across multiple years, including Dallas Symphony Association, Dallas Zoological Society, Southern Gateway Public Green, University of Texas at Dallas, and United Way of Metropolitan Dallas. That pattern suggests ongoing support for a core group of Dallas institutions.

    Does The Eugene McDermott Foundation fund individuals or only organizations?

    It funds individuals as well as organizations. The provided foundation profile indicates that individuals are eligible recipients, alongside nonprofit and institutional grantees in the recent grant list.

    Latest 990 Filing

    2025

    Source: IRS Form 990-PF, fiscal year 2025.

    Recent Grants

    Most recent grants reported to the IRS.

    RecipientLocationAmountYearPurpose
    Dallas Zoological SocietyDallas, TX$10,000,0002025For new exhibit
    Dallas Museum of ArtDallas, TX$10,000,0002025For Reimagining the DMA
    Dallas Symphony Association IncDallas, TX$9,000,0002025For Annual Fund Operations & Endowment Grant
    The Dallas OperaDallas, TX$7,000,0002025To help Meet ODonnell Foundation Matching Grant
    Health Equity Foundation of GreaterDallas, TX$5,000,0002025For Operations
    Southern Gateway Public Green FndDallas, TX$5,000,0002025For Construction of Park
    North Texas Public BroadcastingDallas, TX$5,000,0002025For The Future of KERA
    University of Texas at DallasDallas, TX$4,000,0002025For TI Biomedical Engineering & Science Building
    UT Southwestern Medical CenterDallas, TX$4,000,0002025For TI Biomedical Engineering & Science Building
    United Way of Metropolitan DallasDallas, TX$3,000,0002025For Programs
    Resource Center of Dallas IncDallas, TX$3,000,0002025To Change Landscape ofHealthcare for LGBTQIA
    United Way of Metropolitan DallasDallas, TX$2,000,0002025For Social Innovation Lab & DataCapacity Bldg
    Fair Park FirstDallas, TX$1,500,0002025For Rebirth of Magnolia Lounge
    Compass School of TexasDallas, TX$1,500,0002025For Curriculum Development
    Trinity River Audobon CenterDallas, TX$1,500,0002025For Refurbishing exhibits and Operations
    Lady Bird Johnson Wildflower CenterAustin, TX$1,300,0002025For Renovations Redesign and Maintenance
    University of Texas at DallasDallas, TX$1,200,0002025For McDermott Suite Renovation
    Parkland Health FoundationDallas, TX$1,000,0002025For Developmental Child Care for Patients and Staf
    Dallas Symphony OrchestraDallas, TX$1,000,0002025For Ring Cycle and Operations
    UT Southwestern Medical CenterDallas, TX$1,000,0002025For Liver Disease and Transplant Research
    Texas Tree FoundationDallas, TX$1,000,0002025For Cool Schools
    SPCA of TexasDallas, TX$1,000,0002025For Capital Campaign
    Dallas Holocaust and Human RightsDallas, TX$1,000,0002025For Endowment
    Smithsonians National ZooWashington, DC$1,000,0002025For Panda Exhibit
    Transform 1012 N Main StreetFort Worth, TX$1,000,0002025For Operations and Capital Campaign
    Georgia OKeeffe MuseumSanta Fe, NM$1,000,0002025For Capital Campaign
    Metrocare DallasDallas, TX$1,000,0002025For General Support
    Communities Foundation of TexasDallas, TX$1,000,0002025For Texas African American Museum Fund
    Housing ForwardDallas, TX$1,000,0002025For Street to Home Initiative
    UTSW and Childrens HealthDallas, TX$1,000,0002025For New Pediatric Campus
    First Presbyterian ChurchDallas, TX$1,000,0002025For The Stewpots Acquisition of City Square
    Perot Museum of Nature and ScienceDallas, TX$1,000,0002025For Outdoor Space
    Planned Parenthood of Greater TexasDallas, TX$1,000,0002025For Operations
    Texas Tree FoundationDallas, TX$1,000,0002025For Operations
    Southern Gateway Public Green FndDallas, TX$1,000,0002025For Phase 1
    North Texas Food BankPlano, TX$1,000,0002025For Food Purchases
    Dallas Arboretum and BotanicalDallas, TX$750,0002025For Visitor Education Pavilion
    Forest ForwardDallas, TX$750,0002025For Restoration of Forest Theater
    The Dallas OperaDallas, TX$700,0002025For Operations
    Big ThoughtDallas, TX$500,0002025For Dallas City of Learning and Growth
    Dallas Area Habitat for HumanityDallas, TX$500,0002025For Purchase of Building
    Stanford UniversityStanford, CA$500,0002025For operations
    Compass SchoolDallas, TX$500,0002025For Operations
    University of Texas at DallasDallas, TX$500,0002025For Center for Brain Health
    North Texas Public BroadcastingDallas, TX$500,0002025For Matching Grant
    Josephine Torres CulturalDallas, TX$500,0002025For The Bataan Center
    Volunteers of AmericaEuless, TX$500,0002025For The Fran Tynan Empowerment Endowment Programs
    The Commit PartnershipDallas, TX$500,0002025For Operations
    TACA IncDallas, TX$500,0002025For Core Programs
    Dallas Arboretum Botanical SocDallas, TX$500,0002025For Increase in Hourly Wages

    Dallas Zoological Society

    $10,000,000
    Dallas, TX2025

    For new exhibit

    Dallas Museum of Art

    $10,000,000
    Dallas, TX2025

    For Reimagining the DMA

    Dallas Symphony Association Inc

    $9,000,000
    Dallas, TX2025

    For Annual Fund Operations & Endowment Grant

    The Dallas Opera

    $7,000,000
    Dallas, TX2025

    To help Meet ODonnell Foundation Matching Grant

    Health Equity Foundation of Greater

    $5,000,000
    Dallas, TX2025

    For Operations

    Southern Gateway Public Green Fnd

    $5,000,000
    Dallas, TX2025

    For Construction of Park

    North Texas Public Broadcasting

    $5,000,000
    Dallas, TX2025

    For The Future of KERA

    University of Texas at Dallas

    $4,000,000
    Dallas, TX2025

    For TI Biomedical Engineering & Science Building

    UT Southwestern Medical Center

    $4,000,000
    Dallas, TX2025

    For TI Biomedical Engineering & Science Building

    United Way of Metropolitan Dallas

    $3,000,000
    Dallas, TX2025

    For Programs

    Resource Center of Dallas Inc

    $3,000,000
    Dallas, TX2025

    To Change Landscape ofHealthcare for LGBTQIA

    United Way of Metropolitan Dallas

    $2,000,000
    Dallas, TX2025

    For Social Innovation Lab & DataCapacity Bldg

    Fair Park First

    $1,500,000
    Dallas, TX2025

    For Rebirth of Magnolia Lounge

    Compass School of Texas

    $1,500,000
    Dallas, TX2025

    For Curriculum Development

    Trinity River Audobon Center

    $1,500,000
    Dallas, TX2025

    For Refurbishing exhibits and Operations

    Lady Bird Johnson Wildflower Center

    $1,300,000
    Austin, TX2025

    For Renovations Redesign and Maintenance

    University of Texas at Dallas

    $1,200,000
    Dallas, TX2025

    For McDermott Suite Renovation

    Parkland Health Foundation

    $1,000,000
    Dallas, TX2025

    For Developmental Child Care for Patients and Staf

    Dallas Symphony Orchestra

    $1,000,000
    Dallas, TX2025

    For Ring Cycle and Operations

    UT Southwestern Medical Center

    $1,000,000
    Dallas, TX2025

    For Liver Disease and Transplant Research

    Texas Tree Foundation

    $1,000,000
    Dallas, TX2025

    For Cool Schools

    SPCA of Texas

    $1,000,000
    Dallas, TX2025

    For Capital Campaign

    Dallas Holocaust and Human Rights

    $1,000,000
    Dallas, TX2025

    For Endowment

    Smithsonians National Zoo

    $1,000,000
    Washington, DC2025

    For Panda Exhibit

    Transform 1012 N Main Street

    $1,000,000
    Fort Worth, TX2025

    For Operations and Capital Campaign

    Georgia OKeeffe Museum

    $1,000,000
    Santa Fe, NM2025

    For Capital Campaign

    Metrocare Dallas

    $1,000,000
    Dallas, TX2025

    For General Support

    Communities Foundation of Texas

    $1,000,000
    Dallas, TX2025

    For Texas African American Museum Fund

    Housing Forward

    $1,000,000
    Dallas, TX2025

    For Street to Home Initiative

    UTSW and Childrens Health

    $1,000,000
    Dallas, TX2025

    For New Pediatric Campus

    First Presbyterian Church

    $1,000,000
    Dallas, TX2025

    For The Stewpots Acquisition of City Square

    Perot Museum of Nature and Science

    $1,000,000
    Dallas, TX2025

    For Outdoor Space

    Planned Parenthood of Greater Texas

    $1,000,000
    Dallas, TX2025

    For Operations

    Texas Tree Foundation

    $1,000,000
    Dallas, TX2025

    For Operations

    Southern Gateway Public Green Fnd

    $1,000,000
    Dallas, TX2025

    For Phase 1

    North Texas Food Bank

    $1,000,000
    Plano, TX2025

    For Food Purchases

    Dallas Arboretum and Botanical

    $750,000
    Dallas, TX2025

    For Visitor Education Pavilion

    Forest Forward

    $750,000
    Dallas, TX2025

    For Restoration of Forest Theater

    The Dallas Opera

    $700,000
    Dallas, TX2025

    For Operations

    Big Thought

    $500,000
    Dallas, TX2025

    For Dallas City of Learning and Growth

    Dallas Area Habitat for Humanity

    $500,000
    Dallas, TX2025

    For Purchase of Building

    Stanford University

    $500,000
    Stanford, CA2025

    For operations

    Compass School

    $500,000
    Dallas, TX2025

    For Operations

    University of Texas at Dallas

    $500,000
    Dallas, TX2025

    For Center for Brain Health

    North Texas Public Broadcasting

    $500,000
    Dallas, TX2025

    For Matching Grant

    Josephine Torres Cultural

    $500,000
    Dallas, TX2025

    For The Bataan Center

    Volunteers of America

    $500,000
    Euless, TX2025

    For The Fran Tynan Empowerment Endowment Programs

    The Commit Partnership

    $500,000
    Dallas, TX2025

    For Operations

    TACA Inc

    $500,000
    Dallas, TX2025

    For Core Programs

    Dallas Arboretum Botanical Soc

    $500,000
    Dallas, TX2025

    For Increase in Hourly Wages