Marcus Foundation Inc
- Assets
- $0.0
- Revenue
- $247.2m
- Investments
- $67.9m
- Employees
- 0
- Location
- Atlanta, GA
- Founding
- 02/1989
- Data as of
- 12/2020
- 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 12/2020, Marcus Foundation Inc generated $247.2m in total revenue. This organization has experienced exceptional growth, as over the past 3 years, it has increased revenue by an average of 27.3% each year . All expenses for the organization totaled $207.6m during the year ending 12/2020. While expenses have increased by 29.5% per year over the past 3 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Since 2020, Marcus Foundation Inc has awarded 579 individual grants totaling $461,606,002. 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.
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jay Kaiman President | 40 | $462,367 | |
Simmons J Medical Director | 40 | $390,468 | |
Renay Blumenthal Vice President | 40 | $371,350 | |
Ruzek M Prog Officer | 40 | $216,195 | |
Kaiser-Blueth J Prog Officer | 40 | $169,890 | |
Levy E Grants Manager | 40 | $131,942 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Alston & Bird Llp | 12/30/21 | $148,976 |
Pershing Summit Trail | 12/30/21 | $296,237 |
Tradewinds Partners Llc | 12/30/21 | $100,000 |
Alfred Sanfilippo | 12/30/21 | $114,585 |
Arye Carmon | 12/30/21 | $95,000 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $228,148,263 |
| Interest on Savings | $0 |
| Dividends & Interest | $727,694 |
| Profit on Inventory Sales | $0 |
| Other Income | $49,230 |
| Total Revenue | $247,225,335 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $975,698 |
| Pension plans, employee benefits | $488,940 |
| Depreciation | $768 |
| Occupancy | $656,465 |
| Travel, conferences, and meetings | $93,087 |
| Printing and publications | $0 |
| Total operating and administrative expenses | $13,154,410 |
| Contributions, gifts, grants paid | $194,456,650 |
| Total expenses and disbursements | $207,611,060 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $10,324,933 |
| Investments—mortgage loans | $0 |
| Investments—other | $37,555,726 |
| Other assets | $2,131,263 |
| Mortgages and other notes payable | $317,414,480 |
| Other liabilities | $1,933,612 |
Grants Awarded
Over the last fiscal year, Marcus Foundation Inc has awarded $264,173,347 in support to 274 organizations.
| Grant Recipient | Amount |
|---|---|
Atlanta, GA PURPOSE: TO SUPPORT THE EXEMPT PURPOSE OF THE RECIPIENT ORGANIZATION | $80,000,000 |
AMERICAN FRIENDS OF MAGEN DAVID ADOM PURPOSE: TO SUPPORT THE EXEMPT PURPOSE OF THE RECIPIENT ORGANIZATION | $13,710,714 |
JEWISH EDUCATION PROJECT PURPOSE: TO SUPPORT THE EXEMPT PURPOSE OF THE RECIPIENT ORGANIZATION | $10,858,302 |
Atlanta, GA PURPOSE: TO SUPPORT THE EXEMPT PURPOSE OF THE RECIPIENT ORGANIZATION | $10,343,074 |
Atlanta, GA PURPOSE: TO SUPPORT THE EXEMPT PURPOSE OF THE RECIPIENT ORGANIZATION | $10,000,000 |
Needham, MA PURPOSE: TO SUPPORT THE EXEMPT PURPOSE OF THE RECIPIENT ORGANIZATION | $6,500,000 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that Marcus Foundation Inc has recieved totaling $346,020.
| Awarding Organization | Amount |
|---|---|
Cura Foundation New York, NY PURPOSE: TO SUPPORT A CLINICAL TRIAL OF HUMAN CORD TISSUE MESENCHYMAL STROMAL CELLS (HCT-MSC) TO TREAT CHILDREN WITH MULTISYSTEM INFLAMMATORY SYNDROME IN CHILDREN (MIS-C). THE TRIAL IS BEING LED BY DR. JOANNE KURTZBERG AT DUKE UNIVERSITY TO DETERMINE IF INFUSIONS OF HCT-MSCS ARE SAFE AND CAN SUPPRESS THE HYPER-INFLAMMATORY RESPONSE AND POSITIVELY IMPACT THE SYMPTOM COURSE AND DURATION, AS WELL AS THE LONG-TERM EFFECTS OF THIS LIFE-THREATENING SYNDROME. | $173,010 |
Cura Foundation New York, NY PURPOSE: TO SUPPORT A CLINICAL TRIAL OF HUMAN CORD TISSUE MESENCHYMAL STROMAL CELLS (HCT-MSC) TO TREAT CHILDREN WITH MULTISYSTEM INFLAMMATORY SYNDROME IN CHILDREN (MIS-C). THE TRIAL IS BEING LED BY DR. JOANNE KURTZBERG AT DUKE UNIVERSITY TO DETERMINE IF INFUSIONS OF HCT-MSCS ARE SAFE AND CAN SUPPRESS THE HYPER-INFLAMMATORY RESPONSE AND POSITIVELY IMPACT THE SYMPTOM COURSE AND DURATION, AS WELL AS THE LONG-TERM EFFECTS OF THIS LIFE-THREATENING SYNDROME. | $173,010 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Bank Of America Charitable Foundation Inc Charlotte, NC | $249,985,331 | $549,442,310 |
Duke Endowment Charlotte, NC | $3,374,460,396 | $832,404,504 |
Marcus Foundation Inc Atlanta, GA | $0 | $247,225,335 |
Distribution Cooperative Inc Mcdonough, GA | $32,404,421 | $108,129,645 |
The Coca-Cola Foundation Inc Atlanta, GA | $328,454,102 | $178,366,620 |
Trousdale Foundation Inc Cleveland, TN | $157,578,588 | $76,137,385 |
The United Methodist Retirement Homes Inc Durham, NC | $351,992,425 | $85,120,969 |
The Murray & Sydell Rosenberg Foundation Inc Atlanta, GA | $5,561,714 | $74,985,544 |
Joseph B Whitehead Foundation Atlanta, GA | $148,285,590 | $58,163,845 |
Emergency Assistance Foundation Inc West Palm Beach, FL | $75,784,415 | $87,494,207 |
Winshape Foundation Inc Atlanta, GA | $1,733,664,901 | $22,099,572 |
A Good Name Foundation Inc Atlanta, GA | $709,299,721 | $33,917,740 |