William And Cynthia Marcus Family Charitable Trust
- Assets
- $308.6k
- Revenue
- $242.6k
- Investments
- $242.5k
- Employees
- 0
- Location
- Chestnut Hill, MA
- Founding
- 05/1962
- Data as of
- 03/2023
- EIN
- 04-6042910
Organization Overview
William And Cynthia Marcus Family Charitable Trust is located in Chestnut Hill, MA. The organization was established in 1962. According to its NTEE Classification (T22) the organization is classified as: Private Independent 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. William And Cynthia Marcus Family Charitable Trust 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 03/2023, William And Cynthia Marcus Family Charitable Trust generated $242.6k 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 (3.5%) each year. All expenses for the organization totaled $256.6k during the year ending 03/2023. As we would expect to see with falling revenues, expenses have declined by (4.3%) per year over the past 4 years. You can explore the organizations financials more deeply in the financial statements section below.
Since 2020, William And Cynthia Marcus Family Charitable Trust has awarded 261 individual grants totaling $1,058,763. 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 |
|---|---|---|---|
William M Marcus Trustee | 10 | $0 | |
Cynthia S Marcus Trustee | 1 | $0 | |
Daniel H Marcus Trustee | 1 | $0 | |
Melanie L Marcus Trustee | 1 | $0 | |
Richard S Marcus Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $175,903 |
| Interest on Savings | $2 |
| Dividends & Interest | $3,154 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $63,149 |
| Capital Gain Net Income | $172,916 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $401 |
| Total Revenue | $242,609 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $5,000 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $922 |
| Total operating and administrative expenses | $29,922 |
| Contributions, gifts, grants paid | $226,642 |
| Total expenses and disbursements | $256,564 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $66,052 |
| 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 | $0 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $308,552 |
| 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 | $0 |
| Total liabilities | $0 |
Grants Awarded
Over the last fiscal year, William And Cynthia Marcus Family Charitable Trust has awarded $226,642 in support to 79 organizations.
| Grant Recipient | Amount |
|---|---|
ALZHEIMERS DISEASE AND RELATED DISORDERS ASSOCIATION INC PURPOSE: TO FURTHER ENTITY'S EXEMPT PURPOSE | $100 |
AMERICAN FRIENDS OF MAGEN DAVID ADOM - NEW ENGLAND PURPOSE: TO FURTHER ENTITY'S EXEMPT PURPOSE | $360 |
AMERICAN CHESNUT FOUNDATION PURPOSE: TO FURTHER ENTITY'S EXEMPT PURPOSE | $100 |
AMERICAN JEWISH WORLD SERVICE PURPOSE: TO FURTHER ENTITY'S EXEMPT PURPOSE | $10,000 |
AMERICAN JEWISH COMMITTEE PURPOSE: TO FURTHER ENTITY'S EXEMPT PURPOSE | $11,100 |
AMERICAN JEWISH JOINT DISTRIBUTION COMMITTEE INC PURPOSE: TO FURTHER ENTITY'S EXEMPT PURPOSE | $10,000 |