Marcus Foundation Inc
- Assets
- $100.5m
- Revenue
- $102.9m
- Investments
- $84.4m
- Employees
- 0
- Location
- Atlanta, GA
- Founding
- 02/1989
- Data as of
- 12/2022
- EIN
- 58-1815651
Organization Overview
Marcus Foundation Inc is located in Atlanta, GA. The organization was established in 1989. 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. Marcus Foundation Inc 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 12/2022, Marcus Foundation Inc generated $102.9m 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 (13.8%) each year. All expenses for the organization totaled $185.3m during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2020, Marcus Foundation Inc has awarded 793 individual grants totaling $644,406,153. 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.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Bernard Marcus Chairman | 10 | $2,927 | |
Ken Langone Director | 2 | $0 | |
Doug Hertz Director | 2 | $0 | |
Douglas P Dinapoli Finance Director | 10 | $118,148 | |
Frederick Marcus Director | 10 | $51,822 | |
Frederick Slagle Sec/treasurer | 5 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Pershing Summit Trail | 12/30/22 | $168,562 |
Fortier Public Relations | 12/30/22 | $131,206 |
Copeland Design | 12/30/22 | $130,000 |
Alston & Bird Llp | 12/30/22 | $114,068 |
Arye Carmon | 12/30/22 | $95,000 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $105,336,700 |
| Interest on Savings | $0 |
| Dividends & Interest | $1,887,995 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | -$4,427,263 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $89,250 |
| Total Revenue | $102,886,682 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $1,783,506 |
| Other employee salaries and wages | $1,128,749 |
| Pension plans, employee benefits | $714,557 |
| Interest | $8,962,631 |
| Taxes | $251,202 |
| Depreciation | $34,511 |
| Occupancy | $205,058 |
| Travel, conferences, and meetings | $384,584 |
| Printing and publications | $0 |
| Other expenses | $1,343,229 |
| Total operating and administrative expenses | $15,611,420 |
| Contributions, gifts, grants paid | $169,731,413 |
| Total expenses and disbursements | $185,342,833 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $2,336,744 |
| 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 | $10,522,066 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $379,686 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $34,502,163 |
| Net Land, buildings, and equipment | $324,569 |
| Other assets | $2,497,841 |
| Total assets | $100,467,714 |
| Accounts payable and accrued expenses | $146,270 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $423,773,480 |
| Other liabilities | $7,533,523 |
| Total liabilities | $431,453,273 |
Grants Awarded
Over the last fiscal year, Marcus Foundation Inc has awarded $182,800,151 in support to 214 organizations.
| Grant Recipient | Amount |
|---|---|
18DOORS PURPOSE: TO SUPPORT THE EXEMPT PURPOSE OF THE RECIPIENT ORGANIZATION | $360,000 |
3DE NATIONAL PURPOSE: TO SUPPORT THE EXEMPT PURPOSE OF THE RECIPIENT ORGANIZATION | $1,000,000 |
6 POINTS SPORTS ACADEMY PURPOSE: TO SUPPORT THE EXEMPT PURPOSE OF THE RECIPIENT ORGANIZATION | $60,000 |
70 FACES MEDIA PURPOSE: TO SUPPORT THE EXEMPT PURPOSE OF THE RECIPIENT ORGANIZATION | $50,000 |
ACADEMIC ENGAGEMENT NETWORK PURPOSE: TO SUPPORT THE EXEMPT PURPOSE OF THE RECIPIENT ORGANIZATION | $321,000 |
ADAMAH PURPOSE: TO SUPPORT THE EXEMPT PURPOSE OF THE RECIPIENT ORGANIZATION | $250,000 |