Marks Family Foundation
- Assets
- $51.4m
- Revenue
- $3.2m
- Investments
- $50.9m
- Employees
- 0
- Location
- Redwood City, CA
- Founding
- 04/1999
- Data as of
- 12/2023
- EIN
- 77-0500312
Organization Overview
Marks Family Foundation is located in Redwood City, CA. The organization was established in 1999. According to its NTEE Classification (T21) the organization is classified as: Corporate 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. 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 12/2023, Marks Family Foundation generated $3.2m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 5 years, the organization has seen revenues fall by an average of (13.8%) each year. All expenses for the organization totaled $5.2m during the year ending 12/2023. You can explore the organizations financials more deeply in the financial statements section below.
Since 2020, Marks Family Foundation has awarded 146 individual grants totaling $12,668,619. 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
2023
Describe the Organization's Program Activity:
Part 3 - Line 4a
NONE
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Amy Marks Dornbusch President/cfo | 0 | $150,000 | |
Carole Marks Director | 0 | $0 | |
Michael Marks Director | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $1,051,559 |
| Interest on Savings | $0 |
| Dividends & Interest | $195,343 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $2,649,535 |
| Capital Gain Net Income | $2,893,163 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | -$703,766 |
| Total Revenue | $3,192,671 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $150,000 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $6,971 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $1,110,807 |
| Total operating and administrative expenses | $1,290,166 |
| Contributions, gifts, grants paid | $3,919,324 |
| Total expenses and disbursements | $5,209,490 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $554,948 |
| 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 | $50,859,306 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $51,414,254 |
| 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 | $404,535 |
| Total liabilities | $404,535 |
Grants Awarded
Over the last fiscal year, Marks Family Foundation has awarded $3,919,324 in support to 47 organizations.
| Grant Recipient | Amount |
|---|---|
V FOUNDATION PURPOSE: GENERAL CHARITABLE PURPOSE | $250,000 |
THE JULLIARD SCHOOL PURPOSE: GENERAL CHARITABLE PURPOSE | $120,000 |
RICK SHARP ALZ FOUNDATION PURPOSE: GENERAL CHARITABLE PURPOSE | $250,000 |
ECAD PURPOSE: GENERAL CHARITABLE PURPOSE | $525,000 |
COMMUNITY WORD PROJECT PURPOSE: GENERAL CHARITABLE PURPOSE | $10,000 |
BOSTON CONSERVATORY AT BERKLEE PURPOSE: GENERAL CHARITABLE PURPOSE | $70,000 |