Marcus Fam Charitable Tr
- Assets
- $4.3m
- Revenue
- $146.2k
- Investments
- $4.1m
- Employees
- 0
- Location
- Milwaukee, WI
- Founding
- 06/1997
- Data as of
- 12/2023
- EIN
- 39-1891090
Organization Overview
Marcus Fam Charitable Tr is located in Milwaukee, WI. The organization was established in 1997. 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. Marcus Fam Charitable Tr 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, Marcus Fam Charitable Tr generated $146.2k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 9 years, the organization has seen revenues fall by an average of (7.7%) each year. All expenses for the organization totaled $298.5k during the year ending 12/2023. As we would expect to see with falling revenues, expenses have declined by (1.1%) per year over the past 9 years. You can explore the organizations financials more deeply in the financial statements section below.
Since 2014, Marcus Fam Charitable Tr has awarded 23 individual grants totaling $2,280,800. 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
THE MARCUS INVESTMENTS EMPLOYEE RELIEF FUND WAS ESTABLISHED TO ASSIST EMPLOYEES AFFECTED DURING QUALIFIED DISASTERS UNDER SECTION 139 OF THE INTERNAL REVENUE CODE IF THERE IS (I) PRESIDENTIALLY DECLARED FEDERAL DISASTER OR (II) OTHER FEDERALLY DECLARED DISASTER THAT IMPACTS THE MILWAUKEE AREA. THROUGH THIS FUND, MEAL KITS AND GROCERIES WILL BE PROVIDED TO FURLOUGHED EMPLOYEES AT MARCUS INVESTMENTS, BERENGARIA, FWR LLC, FWR WI OR ANY RESTAURANT WITHIN HOSPITALITY DEMOCRACY AND THEIR FAMILIES THAT HAVE FINANCIAL NEED. THE GROCERIES/MEAL KITS WILL BE PREPARED FOR EMPLOYEES BASED ON HOUSEHOLD COUNT. APPLICANTS WILL BE REVIEWED ON A MONTHLY BASIS AND MAY BE ASKED TO COMPLETE AN UPDATED APPLICATION TO VERIFY FINANCIAL NEED.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
David Marcus Trustee | 1 | $0 | |
Andrew Marcus Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $28 |
| Dividends & Interest | $130,190 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $15,977 |
| Capital Gain Net Income | $15,977 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $146,195 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $2,840 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $35 |
| Total operating and administrative expenses | $23,490 |
| Contributions, gifts, grants paid | $275,000 |
| Total expenses and disbursements | $298,490 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $122,780 |
| 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 | $3,585,271 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $4,258,841 |
| 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, Marcus Fam Charitable Tr has awarded $332,500 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
MILWAUKEE JEWISH FEDERATION INC PURPOSE: SUPPORT FOR LOCAL JEWISH COMMUNITY AND ENHANCE JEWISH LIFE IN MILWAUKEE. | $330,000 |
THE OLGA LENGYEL INSTITUTE FOR HOLOCAUST STUDIES AND HUMAN RIGHTS PURPOSE: SUPPORT FOR HOLOCAUST AND HUMAN RIGHTS EDUCATION. | $2,500 |