Marks Family Foundation
- Assets
- $50.0m
- Revenue
- $16.7m
- Investments
- $48.8m
- Employees
- 0
- Location
- Redwood City, CA
- Founding
- 04/1999
- Data as of
- 12/2021
- EIN
- 77-0500312
Organization Overview
Marks Family Foundation is located in Redwood City, CA. The organization was established in 1999. According to its NTEE Classification (T21) the organization is classified as: Corporate 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.
For the year ending 12/2021, Marks Family Foundation generated $16.7m in total revenue. This organization has experienced exceptional growth, as over the past 4 years, it has increased revenue by an average of 61.6% each year . All expenses for the organization totaled $7.0m during the year ending 12/2021. While expenses have increased by 50.1% per year over the past 4 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Since 2020, Marks Family Foundation has awarded 62 individual grants totaling $5,198,671. 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
2021
Describe the Organization's Program Activity:
Part 3 - Line 4a
NONE
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Amy Marks Dornbusch President/cfo | 0 | $0 | |
Michael Marks Director | 0 | $0 | |
Carole Marks Director | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $11,734,862 |
| Interest on Savings | $0 |
| Dividends & Interest | $122,644 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $4,523,623 |
| Capital Gain Net Income | $13,755,160 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $312,009 |
| Total Revenue | $16,693,138 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $100,150 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $2,203,039 |
| Total operating and administrative expenses | $2,309,589 |
| Contributions, gifts, grants paid | $4,672,935 |
| Total expenses and disbursements | $6,982,524 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $1,052,507 |
| 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 | $48,545,887 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $116,874 |
| Total assets | $49,983,289 |
| 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 | $323,436 |
| Total liabilities | $323,436 |
Grants Awarded
Over the last fiscal year, Marks Family Foundation has awarded $4,672,935 in support to 56 organizations.
| Grant Recipient | Amount |
|---|---|
Cary, NC PURPOSE: GENERAL CHARITABLE PURPOSE | $1,100,000 |
CURE ALZHEIMERS FUND PURPOSE: GENERAL CHARITABLE PURPOSE | $750,000 |
Washington, DC PURPOSE: GENERAL CHARITABLE PURPOSE | $500,000 |
Albertson, NY PURPOSE: GENERAL CHARITABLE PURPOSE | $300,000 |
WE CARE SOLAR PURPOSE: GENERAL CHARITABLE PURPOSE | $250,000 |
RICK SHARP ALZHEIMERS FOUNDATION PURPOSE: GENERAL CHARITABLE PURPOSE | $250,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
The Leonard And Sophie Davis Fund San Francisco, CA | $227,558,478 | $35,284,803 |
Ray And Dagmar Dolby Family Fund San Francisco, CA | $0 | $8,022,175 |
Kalmanovitz Charitable Foundation Mill Valley, CA | $9,993,294 | $9,957,898 |
Mufg Union Bank Foundation Ag Phoenix, AZ | $2,989,069 | $8,302,055 |
Fenwick Community Fund Mountain View, CA | $8,526,987 | $12,836,931 |
Colburn Music Fund Los Angeles, CA | $0 | $7,150,369 |
Marks Family Foundation Redwood City, CA | $49,983,289 | $16,693,138 |
Herbalife Nutrtion Foundation Los Angeles, CA | $22,239,401 | $8,092,128 |
Kla-Tencor Foundation Milpitas, CA | $26,702,881 | $5,233,772 |
Walter J & Betty C Zable Foundation San Diego, CA | $89,922,595 | $8,940,204 |
In-N-Out Burgers Foundation Irvine, CA | $42,997,314 | $8,211,700 |
Smidt Fam Foundation Newbury Park, CA | $69,750,078 | $4,896,207 |