Charlotte & Raymond W Marshall FD
Charlotte & Raymond W Marshall FD is a private foundation based in Brooklyn, Ohio. Its 2025 filing reports scholarship grants for underprivileged students, with recipients selected at the trustee’s discretion.
Charlotte & Raymond W Marshall FD at a glance
In short: Charlotte & Raymond W Marshall FD gave $68K across 11 grants in 2025 (avg $6K), top state Connecticut. Source: 2025 IRS Form 990-PF.
- Annual giving (2025)
- $68,000
- -4.9% vs 2024
- Grants made (2025)
- 11
- -26.7% vs 2024
- Average grant
- $6,182
- +29.7% vs 2024
- Median grant
- $5,400
- Total assets
- $1,276,188
- -1.5% vs 2024
- Primary geography
- Connecticut (39% of itemized 2025 grant dollars)
- Latest 990 filing
- Form 990-PF, 2025 View filing
Data from IRS Form 990-PF, 2025; updated October 2026.
How to apply to Charlotte & Raymond W Marshall FD
- How to Apply
-
The filing says the foundation does not restrict giving to preselected organizations. It lists an application as the required form and materials, with KeyBank as the contact. Scholarship recipients are selected at the trustee’s discretion.
- Contact
Application contact: Keybank
Mailing address: 4900 Tiedeman Road, Brooklyn, OH 44144
Phone: (216) 813-4556
Application details from Grantable's research on the foundation's public materials; confirm on its website before applying.
Who Charlotte & Raymond W Marshall FD funds
How this funder distributes its grants
Top Recipients
Top 9 recipients in 2025
The largest 2025 recipient was Northeastern University ($5K). Together the top 9 received $45K.
Organizations only. It also paid 2 individual scholarships ($23,200), which are not listed by name.
Grant Size Distribution
42 grants across all recorded years
The most common grant size was under $50K: 40 grants of 42 (95%).
Geographic Focus
Where this funder awards grants
The 2025 grant dollars went to recipients in Connecticut (39%), Massachusetts (24%), Virginia (16%), New York (13%), and Pennsylvania (8%).
Grant Distribution by State
Share of 2025 grant dollars across all 11 itemized grants.
Cities
How Charlotte & Raymond W Marshall FD gives
- Giving held roughly steady from 2022 to 2025 (+8%). Method
- In 2025 it paid out 98% of its IRS minimum distribution (the 5% rule). Foundations have until the end of the next year to meet it. Method
From the foundation's IRS Form 990-PF filings. Methodology.
Giving History
Giving Over Time
Total grant dollars and number of grants per year
From 2019 to 2025, annual grant giving ranged from $52K (2020) to $139K (2023). In 2025 it made 11 grants totaling $68K.
Grants by year
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| 2 individual scholarships Recipients not named | — | $23,200 |
| Northeastern University Boston, MA | Scholarship | $5,400 |
| Boston University Boston, MA | Scholarship | $5,400 |
| Bucknell University Lewisburg, PA | Scholarship | $5,400 |
| Bridgewater State University Bridgewater, MA | Scholarship | $5,400 |
| University of St Andrews New York, NY | Scholarship | $5,400 |
| George Washington University Ashburn, VA | Scholarship | $5,400 |
| Liberty University Lynchburg, VA | Scholarship | $5,400 |
| University of Hartford West Hartford, CT | Scholarship | $3,500 |
| Syracuse University Syracuse, NY | Scholarship | $3,500 |
Ready to take the next step with Charlotte & Raymond W Marshall FD?
Financial History
Multi-year comparison from IRS filings
| Filing year | Total Assets | Revenue | Expenses | Grants paid | Grants | Qualifying Distributions | Net Investment Income | Distributable Amount |
|---|---|---|---|---|---|---|---|---|
| 2025 | $1,276,188 | $72,328 | $91,780 | $68,000 | 11 | $74,837 | $54,232 | $76,569 |
| 2024 | $1,295,594 | $47,303 | $96,377 | $71,500 | 15 | $78,114 | $33,119 | $73,874 |
| 2023 | $1,345,003 | $190,883 | $161,634 | $138,964 | 14 | $152,468 | $181,570 | $66,866 |
| 2022 | $1,346,180 | $-29,888 | $87,830 | $63,000 | 1 | $70,803 | $17,075 | $74,179 |
| 2021 | $1,461,778 | $305,825 | $79,983 | $58,500 | 1 | $67,318 | $292,941 | $80,106 |
| 2020 | $1,234,244 | $102,568 | $73,463 | $51,800 | 1 | — | $93,026 | $67,908 |
| 2019 | $1,205,446 | $79,658 | $72,775 | $56,300 | 1 | — | $74,523 | $65,777 |
Under IRS private-foundation payout rules, Charlotte & Raymond W Marshall FD reported a distributable amount of $77K for 2025 — the minimum it must pay out in qualifying distributions.
Research compiled by Grantable AI from public sources. Last updated October 2026.
Mission & Focus Areas
The foundation’s filing describes its awards as scholarships for underprivileged students. Its 2025 grants went to universities and individual recipients, and each listed grant was designated for scholarships.
Among the grantee descriptions provided, Liberty University says it is a distinctively Christian academic community focused on collegiate education and training champions for Christ. The George Washington University describes itself as a private, federally chartered research university. The University of Hartford says it is dedicated to learning, personal growth, knowledge creation, and the betterment of society; Syracuse University describes a focus on student success and a personalized, rigorous academic experience. These are the grantees’ own descriptions, not stated missions of the foundation.
Grantmaking
In filing year 2025, the foundation made 11 grants totaling $68,000. Grants ranged from $3,500 to $17,800, with a median of $5,400. The largest listed grant was $17,800 to an individual recipient in Connecticut for a scholarship. Other listed awards included $5,400 each to Eastern Connecticut State University, Northeastern University, Boston University, Bucknell University, Bridgewater State University, the University of St Andrews, George Washington University, and Liberty University; and $3,500 each to the University of Hartford and Syracuse University. All were designated for scholarships.
Leadership & Key People
Leadership team and compensation from IRS filings
The 2025 filing lists KeyBank N.A. as trustee.
Charlotte & Raymond W Marshall FD's only listed officer is Keybank N A, Trustee on every filing since 2024 (compensated).
Officers on the 2025 filing
Keybank N A
Trustee
On filings since 2024
1 hr/week
$18K (2024) → $22K (2025)
Former officers (2)
- Former: Keybank National Association (2023) — Trustee
- Former: Bank Of America (2019–2022) — Trustee
Data from IRS Form 990 filings, 2019–2025. "On filings since" is the earliest filing we hold that lists the person; hours are average hours per week as reported.
Compensation Overview
From 2025 IRS filing
The highest reported compensation on the 2025 filing was $22K, to Keybank N a (Trustee).
Frequently asked questions about Charlotte & Raymond W Marshall FD
How much does Charlotte & Raymond W Marshall FD give each year?
Charlotte & Raymond W Marshall FD gave $68K across 11 grants in 2025, according to its 2025 IRS Form 990-PF. In 2024 it gave $72K across 15 grants.
What is Charlotte & Raymond W Marshall FD's typical grant size?
Charlotte & Raymond W Marshall FD's median grant in 2025 was $5,400, and its average grant was $6,182, across 11 grants on its 2025 IRS Form 990-PF.
Where does Charlotte & Raymond W Marshall FD give grants?
Charlotte & Raymond W Marshall FD's top state is Connecticut, with 39% of the grant dollars itemized on its 2025 IRS Form 990-PF. The next largest states were Massachusetts (24%) and Virginia (16%). The most frequent recipient cities were Boston, MA (2 grants).
Does Charlotte & Raymond W Marshall FD give general operating support?
Not in 2025: none of the 11 grants with a stated purpose on Charlotte & Raymond W Marshall FD's 2025 IRS Form 990-PF were described as general or operating support. Recurring purposes include "Scholarship" (11 grants).
Who are Charlotte & Raymond W Marshall FD's largest grantees?
Charlotte & Raymond W Marshall FD's largest 2025 grantees include Northeastern University ($5,400), Boston University ($5,400) and Bucknell University ($5,400), according to its 2025 IRS Form 990-PF. It also paid 2 individual scholarships ($23,200), which are not listed by name. Together they received 24% of its itemized 2025 grant dollars.
How large is Charlotte & Raymond W Marshall FD?
Charlotte & Raymond W Marshall FD reported $1.3M in total assets on its 2025 IRS Form 990-PF. It paid out $75K in qualifying distributions that year, against a required minimum of $77K (roughly 5% of its investment assets). Falling short in one year is not a violation: foundations have until the end of the next year to meet the minimum.
What does Charlotte & Raymond W Marshall FD fund?
The foundation’s filing describes its awards as scholarships for underprivileged students. Its 2025 grants went to universities and individual recipients, and each listed grant was designated for scholarships. See mission & focus areas ↑
How do I apply for a grant from Charlotte & Raymond W Marshall FD?
The filing says the foundation does not restrict giving to preselected organizations. Eligibility and process details are in the grantmaking section of this profile. See how to apply ↑
What is Charlotte & Raymond W Marshall FD's EIN?
Charlotte & Raymond W Marshall FD's EIN (Employer Identification Number) is 06-6098256. IRS Form 990 filing data is available on this page for 2019–2025.
Data last updated October 2026. Sourced from IRS Form 990-PF filings. Research dossier generated October 2026.
Data update history
(3)
When this profile's IRS filing data changed on Grantable
- Added Form 990-PF for fiscal year 2019 (received by the IRS March 26, 2020)
- Added Form 990-PF for fiscal year 2025 (received by the IRS May 11, 2026)
- IRS filings on file for fiscal years 2020–2024
Explore Open Grants
Browse active grant opportunities in Charlotte & Raymond W Marshall FD's focus areas in our free grants database
Similar Funders
Funders that support many of the same organizations
Enterprise Holdings Foundation
Saint Louis, MO
The Enterprise Holdings Foundation supports charitable and educational nonprofits in communities where Enterprise Mobility operates, focusing on health, education, arts, and disaster relief; applicants must be actively supported by an Enterprise Mobility team member, spouse, or domestic partner. Giving varies widely: it reported 9,499 grants in 2024, but its 2025 filing showed one grant of $101.4 million, so that amount is not a typical award. Applications are accepted at any time through eligible Enterprise-affiliated applicants; the Foundation does not limit giving to preselected organizations.
Assets
$594.3M
Grants
1
Total Given
$101.4M
Ernst & Young Foundation
New York, NY
Ernst & Young Foundation supports higher education through employee and partner matching gifts, as well as educational and special-project grants, including research, education forums, and programs that expand educational opportunity. In 2025, it made 637 grants ranging from $5,056 to $316,005, with a median of $13,525, to recipients across multiple states; the largest shares went to New York, Texas, California, Michigan, and Pennsylvania. The profile does not state whether it accepts unsolicited requests.
Assets
$47.6M
Grants
637
Total Given
$16.7M
KPMG US Foundation Inc
Montvale, NJ
KPMG US Foundation supports education, mental health, community vitality, and community relief and resilience, with grants distributed across the United States. Its 2025 grants had a median of $25,000, though amounts ranged from about $5,000 to $2.2 million. The available information does not say whether it accepts unsolicited requests.
Assets
$12.4M
Grants
387
Total Given
$33.5M
Michael & Susan Dell Foundation
Austin, TX
The Michael & Susan Dell Foundation funds education, health, jobs and livelihoods, and family economic stability, with its deepest U.S. focus in Texas and additional work across the U.S. and internationally. In 2024 it awarded 835 grants totaling about $164.6 million; grants ranged from $75 to $50 million, with a median of $19,324. It accepts unsolicited requests through its online application process.
Assets
$7.8B
Grants
835
Total Given
$164.6M
Aetna Foundation Inc
Hartford, CT
Aetna Foundation supported health and wellness, access to health care, and related community needs; its 2021 grants ranged from $5,000 to $1 million, with a median of $40,000, and went to organizations across multiple states, especially in D.C. and Connecticut. Its 2021 filing was marked final, so it appears to have ended or be winding down grantmaking; that filing said there were no restrictions on who could apply and pointed applicants to its website for application materials.
Assets
—
Grants
65
Total Given
$7.2M
Bristol-Myers Squibb Foundation Inc
Princeton, NJ
The Bristol-Myers Squibb Foundation supports health access and stronger health systems, with a focus on adult and pediatric cancers, blood disorders, brain health, and clinical-trial participation in the United States, Brazil, India, and ten Sub-Saharan African countries. In 2024, its median grant was about $134,000, though awards varied widely; it does not state whether it accepts unsolicited requests, and advises prospective applicants to contact the Foundation about its process.
Assets
$83.3M
Grants
144
Total Given
$67.7M
More similar funders
More Funders in Ohio
Cite this profile
Grantable. (2026). Charlotte & Raymond W Marshall FD funder profile. GrantGraph. Retrieved October 4, 2026, from https://grantable.co/funders/charlotte-and-raymond-w-marshall-fd-morg_1d0fe9067c624a71a722bee28ea5616c
BibTeX
@misc{grantable_066098256_2026,
author = {{Grantable}},
title = {{Charlotte \& Raymond W Marshall FD funder profile}},
howpublished = {GrantGraph},
year = {2026},
url = {https://grantable.co/funders/charlotte-and-raymond-w-marshall-fd-morg_1d0fe9067c624a71a722bee28ea5616c},
note = {Accessed 2026-10-04. Data licensed CC BY 4.0}
}The figures on this page are open data under CC BY 4.0: reuse them with credit to Grantable and a link. Download the data.
Figures come from Charlotte & Raymond W Marshall FD's IRS filings (methodology). AI-written summaries, news items and logos are not covered by the open licence. Spot an error? Email hello@grantable.co.
Charlotte & Raymond W Marshall FD down — hundreds of funders to go?