Marshall Heritage Foundation
- Assets
- $19.8m
- Revenue
- $7.9m
- Investments
- $0.0
- Employees
- 0
- Location
- Metairie, LA
- Founding
- 03/2019
- Data as of
- 04/2023
- EIN
- 46-7293385
Organization Overview
Marshall Heritage Foundation is located in Metairie, LA. The organization was established in 2019. 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. Marshall Heritage Foundation 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 04/2023, Marshall Heritage Foundation generated $7.9m in total revenue. This organization has experienced exceptional growth, as over the past 4 years, it has increased revenue by an average of 17.5% each year . All expenses for the organization totaled $3.4m during the year ending 04/2023. You can explore the organizations financials more deeply in the financial statements section below.
Since 2021, Marshall Heritage Foundation has awarded 19 individual grants totaling $14,117,911. 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.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Dr Stephen D Cook Co-Trustee | 1 | $0 | |
Elaine T Marshall Co-Trustee | 1 | $0 | |
E Pierce Marshall Jr Co-Trustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $7,610,511 |
| Interest on Savings | $309,639 |
| 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 | $7,920,150 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $4,285 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $7 |
| Total operating and administrative expenses | $37,880 |
| Contributions, gifts, grants paid | $3,335,000 |
| Total expenses and disbursements | $3,372,880 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $18,599,532 |
| 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 | $1,180,000 |
| Total assets | $19,779,532 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $1,170,475 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $1,170,475 |
Grants Awarded
Over the last fiscal year, Marshall Heritage Foundation has awarded $3,335,000 in support to 6 organizations.
| Grant Recipient | Amount |
|---|---|
GREENHILL SCHOOL PURPOSE: BUILDING COMMUNITY CAMPAIGN | $1,000,000 |
MUSCULAR DYSTROPHY ASSOCIATION PURPOSE: DALLAS UNCORK A CURE & RESEARCH FUNDING | $335,000 |
SALK INSTITUTE FOR BIOLOGICAL STUDI PURPOSE: MEDICAL RESEARCH | $500,000 |
THE BRUNSTAD FOUNDATION FOR THE ADV PURPOSE: RESEARCH, LECTURING & EDUCATION | $400,000 |
TEXAS PUBLIC POLICY FOUNDATION PURPOSE: EDUCATION INITIATIVE | $1,000,000 |
INTERNATIONAL COMMITTEE OF THE RED PURPOSE: UKRAINE HUMANITARIAN CRISIS | $100,000 |