Mark Cuban Foundation

The information for Mark Cuban Foundation is as of the organization's most recent filing in December '21. This organization is located in Dallas, TX. It has been in existence for 18 years, following its founding in 2003.

Organization Classification

The IRS classifies organizations according to the National Taxonomy of Exempt Entities (NTEE) system. The NTEE system helps the IRS assign a 3-character code to each organization to describe the organization's activities.

The Mark Cuban Foundation's NTEE code is T90. The "T" tells us that the organization is classified along with Philanthropy, Voluntarism & Grantmaking Foundations. The "90" tells us that the organization falls under the category of Named Trusts N.E.C. The NTEE describes Named Trusts N.E.C. as trusts that are not classified elsewhere. The Mark Cuban Foundation is also classified as a 501(c)(3) organization, meaning it is engaged in Religious, Educational, Charitable, Scientific, Literary, Public Safety, Amateur Sports, or Prevention of Cruelty to Children or Animals work.

Program Areas

Within the general fund, the organization reports all revenues, support, and functional expenses that are not specifically reported by another fund or program. In March 2020, at the beginning of the COVID-19 pandemic, the Mark Cuban Foundation made several purchases/expenses to assist in the response to the crisis. These activities included purchasing items such as hand sanitizer, 3-D printers, rain jackets, filter pads, masks, and meals for first responders. These items were distributed to various entities, including Dallas County, Baylor Scott White Health, the Dallas Independent School District, and first responders, to support COVID protection and relief efforts.

Grant History

Our dataset includes seven years of grant history for the Mark Cuban Foundation. Over those seven years, they have awarded a total of 491 grants, with an average check size of $58,131. On average, the foundation awards 70 grants each year. The majority of their grants are awarded in the Education sector, with 17 grants in that category. Other significant categories include Philanthropy, Voluntarism & Grantmaking Foundations (15 grants) and Civil Rights, Social Action & Advocacy (11 grants). The foundation has awarded grants in a wide range of states, with the highest number of grants being awarded in Texas (183), followed by Georgia (76) and North Carolina (28).