Marks Family Foundation
- Assets
- $1.4m
- Revenue
- -$16.1k
- Investments
- $1.3m
- Employees
- 0
- Location
- Buffalo, NY
- Founding
- 06/1991
- Data as of
- 06/2023
- EIN
- 16-1385716
Organization Overview
Marks Family Foundation is located in Buffalo, NY. The organization was established in 1991. 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. 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.
Since 2020, Marks Family Foundation has awarded 145 individual grants totaling $655,557. 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
THIS FOUNDATION IS SOLELY ENGAGED IN CHARITABLE GIVING AND DOES NOT CONDUCT ANY DIRECT CHARITABLE ACTIVITIES OR MAKE PROGRAM RELATED INVESTMENTS
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Theodore E Marks Trustee | 0.5 | $0 | |
Joshua R Marks Trustee | 0.5 | $0 | |
Sally Marks Trustee | 0.5 | $0 | |
Wendelyn W Duquette Trustee | 0.5 | $0 | |
Heather A Marks Trustee | 0.5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $1,055 |
| Dividends & Interest | $49,086 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | -$66,414 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $200 |
| Total Revenue | -$16,073 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $3,233 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $4,791 |
| Total operating and administrative expenses | $30,101 |
| Contributions, gifts, grants paid | $126,798 |
| Total expenses and disbursements | $156,899 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $67,950 |
| 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 | $1,310,712 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $1,378,662 |
| 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, Marks Family Foundation has awarded $126,798 in support to 48 organizations.
| Grant Recipient | Amount |
|---|---|
AMERICAN MUSEUM OF NATURAL HISTORY PURPOSE: CHARITABLE | $150 |
BIG BROTHERS BIG SISTERS OF ERIE COUNTY PURPOSE: MENTORING PROGRAM | $7,500 |
BOSTON UNIVERSITY CREW PURPOSE: EDUCATIONAL | $800 |
BROOKLYN BOTANICAL GARDENS PURPOSE: CHARITABLE | $250 |
BRONX RIVER ALLIANCE PURPOSE: CHARITABLE | $250 |
BUFFALO PREP PURPOSE: HIGH SCHOOL PREP | $500 |