Nancy Lurie Marks Family Foundation
- Assets
- $0.0
- Revenue
- $8.4m
- Investments
- $115.2m
- Employees
- 0
- Location
- Wellesley, MA
- Founding
- 01/1977
- Data as of
- 10/2020
- EIN
- 04-2607232
Organization Overview
Nancy Lurie Marks Family Foundation is located in Wellesley, MA. The organization was established in 1977. According to its NTEE Classification (T20) the organization is classified as: Private Grantmaking Foundations, under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Nancy Lurie Marks Family Foundation is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
Since 2020, Nancy Lurie Marks Family Foundation has awarded 47 individual grants totaling $10,086,511. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2020
Describe the Organization's Program Activity:
Part 3 - Line 4a
NOT APPLICABLE
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Clarence Schutt Director | 40 | $430,700 | |
Richard B Denning Trustee | 20 | $167,200 | |
Harvey E Cushing Trustee | 20 | $154,500 | |
Elizabeth Zwick Director Of Communit | 40 | $114,489 | |
Judith Chan Director Of Communic | 40 | $112,367 | |
Eleonora Silayeva Executive Associate | 40 | $109,160 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Deloitte Tax Llp | 10/30/20 | $52,521 |
Cambridge Associates Llc | 10/30/20 | $266,480 |
Goulston & Storrs Pc | 10/30/20 | $191,907 |
Kenneth M Farber | 10/30/20 | $68,879 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $1,000,199 |
| Dividends & Interest | $1,759,624 |
| Profit on Inventory Sales | $0 |
| Other Income | $1,345,997 |
| Total Revenue | $8,374,794 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $752,400 |
| Pension plans, employee benefits | $216,469 |
| Depreciation | $3,437 |
| Occupancy | $182,614 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Total operating and administrative expenses | $3,781,244 |
| Contributions, gifts, grants paid | $5,036,474 |
| Total expenses and disbursements | $8,817,718 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $2,041,819 |
| Investments—mortgage loans | $0 |
| Investments—other | $115,215,806 |
| Other assets | $5,630,000 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $0 |
Grants Awarded
Over the last fiscal year, Nancy Lurie Marks Family Foundation has awarded $10,086,511 in support to 47 organizations.
| Grant Recipient | Amount |
|---|---|
MASSACHUSETTS GENERAL HOSPITAL PURPOSE: MEDICAL RESEARCH | $1,257,500 |
HARVARD MEDICAL SCHOOL PURPOSE: EDUCATION | $1,150,050 |
HARVARD MEDICAL SCHOOL PURPOSE: EDUCATION | $1,000,000 |
Boston, MA PURPOSE: MEDICAL RESEARCH | $559,104 |
MAINE MEDICAL CENTER PURPOSE: MEDICAL RESEARCH | $516,400 |
MAINE MEDICAL CENTER PURPOSE: MEDICAL RESEARCH | $506,615 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
John R Oishei Foundation Buffalo, NY | $294,151,477 | $18,357,929 |
American Express Foundation New York, NY | $66,234,265 | $62,922,703 |
Essel Foundation Inc Purchase, NY | $100,106,056 | $12,292,478 |
Beth And Ravenel Curry Foundation New York, NY | $0 | $44,744,046 |
Kz Family Foundation New York, NY | $10,936,301 | $30,139,672 |
The Freeman Foundation P-01644-00-7 New York, NY | $343,405,683 | $35,941,951 |
Hearst Foundation Inc New York, NY | $439,249,947 | $42,040,987 |
Tansy Charitable Foundation New York, NY | $325,076,608 | $77,631,295 |
Eastern Bank Charitable Foundation Lynn, MA | $286,575,476 | $18,352,628 |
G Harold And Leila Mathers Charitable Foundation Rye Brook, NY | $96,045,942 | $16,941,265 |
Elms Foundation Providence, RI | $0 | -$22,907 |
Thomas L Kempner Jr Foundation Inc Southampton, NY | $328,355,645 | $44,754,721 |