Nancy Lurie Marks Family Foundation
- Assets
- $119.4m
- Revenue
- $2.5m
- Investments
- $117.3m
- Employees
- 0
- Location
- Wellesley, MA
- Founding
- 01/1977
- Data as of
- 10/2023
- 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.
For the year ending 10/2023, Nancy Lurie Marks Family Foundation generated $2.5m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 4 years, the organization has seen revenues fall by an average of (25.9%) each year. All expenses for the organization totaled $7.3m during the year ending 10/2023. You can explore the organizations financials more deeply in the financial statements section below.
Since 2020, Nancy Lurie Marks Family Foundation has awarded 152 individual grants totaling $36,533,521. 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
990T
Mission & Program ActivityExcerpts From the 990T Filing
TAX YEAR
2023
Describe the Organization's Program Activity:
NOT APPLICABLE
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Cathy J Lurie Trustee | 1 | $0 | |
Jeffrey R Lurie Trustee | 1 | $0 | |
Mark D Balk Trustee | 1 | $0 | |
Harvey E Cushing Trustee | 20 | $154,500 | |
Nancy L Marks Trustee | 1 | $0 | |
Richard B Denning Trustee | 20 | $167,200 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Cambridge Associates Llc | 10/30/23 | $196,786 |
Goulston & Storrs Pc | 10/30/23 | $156,080 |
Kenneth M Farber | 10/30/23 | $81,401 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $953,096 |
| Dividends & Interest | $1,406,961 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $2,207,428 |
| Capital Gain Net Income | $2,000,933 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | -$2,049,216 |
| Total Revenue | $2,518,269 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $752,400 |
| Other employee salaries and wages | $381,434 |
| Pension plans, employee benefits | $213,673 |
| Interest | $0 |
| Taxes | $291,496 |
| Depreciation | $1,540 |
| Occupancy | $214,388 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $201,715 |
| Total operating and administrative expenses | $4,142,713 |
| Contributions, gifts, grants paid | $3,191,686 |
| Total expenses and disbursements | $7,334,399 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $2,145,731 |
| Savings and temporary cash investments | $0 |
| Net Accounts receivable | $0 |
| Net Pledges Receivable | $0 |
| Grants receivable | $0 |
| Receivables from Officers, Directors, or Controlling Persons | $0 |
| Net other notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $117,276,686 |
| Net Land, buildings, and equipment | $1,392 |
| Other assets | $0 |
| Total assets | $119,423,809 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $0 |
Grants Awarded
Over the last fiscal year, Nancy Lurie Marks Family Foundation has awarded $7,635,425 in support to 38 organizations.
| Grant Recipient | Amount |
|---|---|
3L PLACE PURPOSE: PUBLIC WELFARE | $25,000 |
AMERICAN EXPRESS PURPOSE: MEDICAL RESEARCH | $10,000 |
ASPERGERAUTISM NETWORK PURPOSE: MEDICAL RESEARCH | $100 |
BETH ISRAEL DEACONESS MEDICAL CENTER PURPOSE: MEDICAL RESEARCH | $3,600 |
BOSTON HEALTH CARE FOR THE HOMELESS PROGRAM PURPOSE: PUBLIC WELFARE | $10,000 |
DOUG FLUTIE JR FOUNDATION FOR AUTISM PURPOSE: MEDICAL RESEARCH | $25,000 |