Marble Freedom Trust
- Assets
- $1.0b
- Revenue
- $48.5m
- Investments
- $5.0m
- Employees
- 2
- Location
- Centerville, UT
- Founding
- Data as of
- 04/2023
- EIN
- 85-0784793
Organization Overview
Marble Freedom Trust is located in Centerville, UT. As of 04/2023, Marble Freedom Trust employed 2 individuals. Marble Freedom Trust is a 501(c)(4) and as such, is described as a "Civic League, Social Welfare Organization, and Local Association of Employees" by the IRS.
For the year ending 04/2023, Marble Freedom Trust generated $48.5m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 3 years, the organization has seen revenues fall by an average of (69.1%) each year. All expenses for the organization totaled $223.6m during the year ending 04/2023. You can explore the organizations financials more deeply in the financial statements section below.
Since 2021, Marble Freedom Trust has awarded 13 individual grants totaling $993,550,000. 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
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2023
Describe the Organization's Mission:
Part 3 - Line 1
TO MAINTAIN AND EXPAND HUMAN FREEDOM CONSISTENT WITH THE VALUES AND IDEALS SET FORTH IN THE DECLARATION OF INDEPENDENCE AND THE CONSTITUTION OF THE UNITED STATES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE TRUST REVIEWED AND APPROVED GRANTS TO MAINTAIN AND EXPAND HUMAN FREEDOM CONSISTENT WITH THE VALUES AND IDEALS SET FORTH IN THE DECLARATION OF INDEPENDENCE AND THE CONSTITUTION OF THE UNITED STATES, AND PLANNED FOR ITS FUTURE AS A NEW ORGANIZATION.
THE TRUST REVIEWED AND APPROVED AMOUNTS TO MAINTAIN AND EXPAND HUMAN FREEDOM, AND PLAN FOR ITS FUTURE AS A NEW ORGANIZATION.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Alex Marshall Cio | Officer | 55 | $900,000 |
Leonard A Leo Trustee And Chairman | OfficerTrustee | 25 | $400,000 |
Jonathan Bunch Successor Trustee | Trustee | 0.5 | $0 |
Tyler Green Administrative Trustee | Trustee | 0.5 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Baker Hostetler Legal Services | 4/29/23 | $1,038,927 |
Kingsley Security Inc Security And Threat Monitoring And Detection | 4/29/23 | $888,282 |
Holtzman Vogel Baran Torchinsky & Josefiak Pllc Legal Services | 4/29/23 | $360,000 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $0 |
| Investment income | $26,662,557 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $21,808,215 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $48,470,772 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $216,850,000 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $1,170,000 |
| Compensation of current officers, directors, key employees. | $970,000 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $100,000 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $31,429 |
| Fees for services: Management | $246,000 |
| Fees for services: Legal | $1,668,090 |
| Fees for services: Accounting | $32,223 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $1,464,905 |
| Fees for services: Other | $1,832,329 |
| Advertising and promotion | $0 |
| Office expenses | $183,639 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $3,139 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $45,630 |
| All other expenses | $0 |
| Total functional expenses | $223,627,384 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $3,486,980 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $1,023,821,447 |
| Investments—other securities | $5,033,663 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $9,947,799 |
| Total assets | $1,042,289,889 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $0 |
| Net assets without donor restrictions | $1,042,289,889 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $1,042,289,889 |
Grants Awarded
Over the last fiscal year, Marble Freedom Trust has awarded $216,850,000 in support to 3 organizations.
| Grant Recipient | Amount |
|---|---|
SCHWAB CHARITABLE FUND PURPOSE: General Operating (DAF) | $153,750,000 |
KNIGHTS OF COLUMBUS CHARITABLE FUND PURPOSE: General Operating | $7,600,000 |
THE CONCORD FUND PURPOSE: General Operating | $55,500,000 |