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The Andrew McDonough B+ Foundation
Joe McDonough founded the B+ Foundation after his son Andrew's death; it now funds pediatric cancer research and family support across the US.
The Andrew McDonough B+ Foundation
The Andrew McDonough B+ Foundation was established in 2007 by Joe and Ali McDonough following the death of their son Andrew, who was known for his 'B+ attitude' during treatment. The foundation channels donations into pediatric cancer research and family-support programs including hospital bills, travel expenses, and emotional care. The foundation deploys capital primarily through research grants to institutions and direct financial assistance to families. Named funded initiatives include the Andrew McDonough B+ Foundation's St. Baldrick's 'B+ Heroes' Fellowship and partnerships with leading pediatric oncology centers. The geographic footprint is heavily US-based but funds research at multiple centers nationally. As of 2025, the foundation reports having raised over $10 million since inception (per the foundation's public disclosures). Its annual 'B+ Golden Sneaker' run/walk event in Wilmington, Delaware, is a key fundraising vehicle. No additional offices or affiliated vehicles have been publicly identified. The foundation distinguishes itself by maintaining a high ratio of direct-to-family aid relative to overhead — it operates as a lean organization with no salaried fundraising staff per its public reporting. Governance is overseen by the McDonough family and a volunteer board.
General information
Firm type
Foundation
Year founded
2007
AUM
Undisclosed
Location
Region
North America
Country
United States
City
Wilmington
Corporate office
Wilmington, DE, United States
Principals
Joe McDonough
Founder & CEO
Ali McDonough
Co-Founder & Director of Operations
Sector focus
Frequently asked questions
Who runs the Andrew McDonough B+ Foundation?
Joe McDonough serves as Founder and CEO; his wife Ali McDonough is Co-Founder and Director of Operations. The foundation is governed by a voluntary board with no salaried fundraising staff.
How does the B+ Foundation allocate its funds?
The foundation directs funds to pediatric cancer research grants at institutions like St. Baldrick's Foundation and to direct family assistance covering hospital bills, travel costs, and emotional support. Per its public reporting, governance is lean with high aid-to-overhead ratios.
What is the B+ Foundation's relationship to the St. Baldrick's Foundation?
The B+ Foundation partners with St. Baldrick's through a named 'B+ Heroes' Fellowship, a research grant program specifically funding pediatric cancer researchers at US centers. This is a grant-making relationship, not a merger or subsidiary.
Where does the B+ Foundation operate geographically?
The foundation is headquartered in Wilmington, Delaware. Its research grants and family support programs are US-focused, with funded institutions located across the country — including children's hospitals in several states. No international offices are disclosed.
Does the B+ Foundation invest in for-profit ventures or LP funds?
No publicly available information suggests the foundation invests in private equity, hedge funds, venture capital, or direct company equity. Its assets are held as a grant-making charity; its financials are not structured like an investment office.
What is the 'B+ attitude' that the foundation references?
Andrew McDonough — Joe and Ali's son — maintained a positive, 'B+' outlook during his leukemia treatment. The phrase symbolizes resilience and became the foundation's motto. It is not an investment grade or rating.
How can an allocator evaluate the foundation's operational efficiency?
The foundation publicly reports that no funds are spent on salaried fundraising staff (per its website). Its overhead ratio is described as very low, but exact figures are not independently audited in the public domain. Donors and partners should verify recent IRS Form 990 filings for precise metrics.
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