Steven & Katherine Markelfoundation

Organization Overview

Steven & Katherine Markelfoundation is located in Richmond, VA. The organization was established in 2006. 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. Steven & Katherine Markelfoundation 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 12/2021, Steven & Katherine Markelfoundation generated $153.3k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (29.5%) each year. All expenses for the organization totaled $864.0k during the year ending 12/2021. You can explore the organizations financials more deeply in the financial statements section below.

Since 2016, Steven & Katherine Markelfoundation has awarded 82 individual grants totaling $4,462,498. 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.

Mission & Program ActivityExcerpts From the 990PF Filing

TAX YEAR

2021

Describe the Organization's Program Activity:

Part 3 - Line 4a

THE STEVEN & KATHERINE MARKEL FOUNDATION MAKES GRANTS TOQUALIFYING CHARITABLE ORGANIZATIONS AND DOES NOT CARRY ONCHARITABLE ACTITIVIES DIRECTLY. COPIES OF THE FOUNDATION'S FORM 990-PF AND EXEMPT APPLICATION ARE AVAILABLE BY REQUEST FOR PUBLIC INSPECTION.


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Financial Statements

Statement of Revenue
Contributions, Gifts, Grants & Similar $153,295
Interest on Savings $3
Dividends & Interest $0
Net Rental Income$0
Net Gain on Sale of Assets $0
Capital Gain Net Income $0
Net ST Capital Gain $0
Income Modifications $0
Profit on Inventory Sales $0
Other Income $0
Total Revenue $153,298

Grants Awarded

Over the last fiscal year, Steven & Katherine Markelfoundation has awarded $860,734 in support to 14 organizations.

Grant RecipientAmount

THE VALENTINE

PURPOSE: CHARITABLE SUPPORT310 SHARES OF MARKEL CORPORATION COMMON STOCK (MKL) VALUED AT $374,881.45MEAN MARKET VALUE ON 12/23/2021: $1,209.30 PER SHAREBOOK VALUE ON DATE OF CONTRIBUTION: $481.50 PER SHARE

$374,881

THE MAYMONT FOUNDATION

Org PageRecipient Profile

Richmond, VA

PURPOSE: CHARITABLE SUPPORT100 SHARES OF MARKEL CORPORATION COMMON STOCK (MKL) VALUED AT $120,929.50 MEAN MARKET VALUE ON 12/23/2021: $1,209.30 PER SHAREBOOK VALUE ON DATE OF CONTRIBUTION: $481.50 PER SHARE

$120,930

RICHMOND METROPOLITAN HABITAT FOR HUMANITY

PURPOSE: CHARITABLE SUPPORT55 SHARES OF MARKEL CORPORATION COMMON STOCK (MKL) VALUED AT $65,156.58MEAN MARKET VALUE ON 6/25/2021: $1,184.67 PER SHAREBOOK VALUE ON DATE OF CONTRIBUTION: $481.50 PER SHARE

$65,157

CARITAS

PURPOSE: CHARITABLE SUPPORT40 SHARES OF MARKEL CORPORATION COMMON STOCK (MKL) VALUED AT $48,371.80MEAN MARKET VALUE ON 12/23/2021: $1,209.30 PER SHAREBOOK VALUE ON DATE OF CONTRIBUTION: $481.50 PER SHARE

$48,372

THE VIRGINIA HOME FOR BOYS AND GIRLS

Org PageRecipient Profile

Henrico, VA

PURPOSE: CHARITABLE SUPPORT40 SHARES OF MARKEL CORPORATION COMMON STOCK (MKL) VALUED AT $48,371.80MEAN MARKET VALUE ON 12/23/2021: $1,209.30 PER SHAREBOOK VALUE ON DATE OF CONTRIBUTION: $481.50 PER SHARE

$48,372

CRISTO REY RICHMOND HIGH SCHOOL

Org PageRecipient Profile

Richmond, VA

PURPOSE: CHARITABLE SUPPORT40 SHARES OF MARKEL CORPORATION COMMON STOCK (MKL) VALUED AT $48,371.80MEAN MARKET VALUE ON 12/23/2021: $1,209.30 PER SHAREBOOK VALUE ON DATE OF CONTRIBUTION: $481.50 PER SHARE

$48,372
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Peer Organizations

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