Marc Charitable Fund Inc
- Assets
- $29.2m
- Revenue
- $4.8m
- Investments
- $22.6m
- Employees
- 0
- Location
- New York, NY
- Founding
- 12/2017
- Data as of
- 12/2022
- EIN
- 82-2287561
Organization Overview
Marc Charitable Fund Inc is located in New York, NY. The organization was established in 2017. 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. Marc Charitable Fund 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, Marc Charitable Fund Inc generated $4.8m in total revenue. This organization has experienced exceptional growth, as over the past 4 years, it has increased revenue by an average of 19.9% each year . All expenses for the organization totaled $890.9k during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2020, Marc Charitable Fund Inc has awarded 23 individual grants totaling $2,100,000. 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 |
|---|---|---|---|
Joshua Steiner President And Treasurer | 0 | $0 | |
Antoinette Delruelle Vice President | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $4,687,187 |
| Interest on Savings | $25,253 |
| Dividends & Interest | $27,113 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $20,585 |
| Capital Gain Net Income | $20,585 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $4,760,138 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $25 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $1,438 |
| Total operating and administrative expenses | $5,915 |
| Contributions, gifts, grants paid | $885,000 |
| Total expenses and disbursements | $890,915 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $24,864 |
| 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 | $22,562,533 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $6,580,600 |
| Total assets | $29,167,997 |
| 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 | $1,166,972 |
| Total liabilities | $1,166,972 |
Grants Awarded
Over the last fiscal year, Marc Charitable Fund Inc has awarded $885,000 in support to 8 organizations.
| Grant Recipient | Amount |
|---|---|
CENTRAL PARK CONSERVANCY PURPOSE: FOR THE DONEE ORGANIZATIONS CHARITABLE USE | $10,000 |
GREATER NY PURPOSE: FOR THE DONEE ORGANIZATIONS CHARITABLE USE | $10,000 |
HARVARD UNIVERSITY PURPOSE: FOR THE DONEE ORGANIZATIONS CHARITABLE USE | $50,000 |
ISLAND FOOD PANTRY OF MV PURPOSE: FOR THE DONEE ORGANIZATION'S CHARITABLE USE | $250,000 |
MARSHALL PURPOSE: FOR THE DONEE ORGANIZATIONS CHARITABLE USE | $10,000 |
MASSACHUSETTS INSTITUTE OF TECH PURPOSE: FOR THE DONEE ORGANIZATIONS CHARITABLE USE | $175,000 |