David J & Mary L

Private foundation · Grantmaker Oakland, CA EIN: 94-3180069

David J & Mary L is a private foundation, based in Oakland, CA. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $8.4M in total assets. In 2024, it awarded 2 grants totaling $516K. Net investment income was $229K.

Key facts about David J & Mary L

In short: David J & Mary L gave $516K across 2 grants in 2024 (avg $258K), mostly in California. Source: 2024 IRS Form 990-PF.

EIN
94-3180069
Latest 990 filing
Form 990-PF, 2024
Annual giving (2024)
$515,796
Grants made (2024)
2
Average grant
$257,898
Median grant
$257,898
Total assets
$8,370,932
Primary geography
California (100% of itemized 2024 grant dollars)

Data from IRS Form 990-PF, 2024; updated September 2026.

Financial Overview

From 2024 IRS Form 990-PF · View filing

Total Assets

$8.4M

+10.5% YoY

Annual Giving

$516K

-41.6% YoY

Grant Count

2

-71.4% YoY

Avg Grant Size

$258K

+104.5% YoY

Under IRS private-foundation payout rules, David J & Mary L reported a distributable amount of $389K for 2024 — the minimum it must pay out in qualifying distributions.

How David J & Mary L gives

  • Giving grew 514% from 2021 to 2024. Method
  • In 2024 it paid out 133% of its IRS minimum distribution (the 5% rule). Method

From the foundation's IRS Form 990-PF filings. Methodology.

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Geographic Focus

Where this funder awards grants

Grant Distribution by State

4states

Share of 2024 grant dollars across all 2 itemized grants.

Cities

OaklandSan FranciscoWichitaAlbanyTulsaWashington

Giving Over Time

Total grant dollars and number of grants per year

$0$250K$500K$750K$1M5 grants2020 4 grants2021 5 grants2022 7 grants2023 2 grants2024

From 2020 to 2024, annual grant giving ranged from $84K (2021) to $883K (2023). In 2024 it made 2 grants totaling $516K.

Grant Insights

How this funder distributes its grants

Top Recipients

Top 2 recipients in 2024

Independent Institute: $503KIndependent Institute$503KSalvation Army: $13KSalvation Army$13K

The largest 2024 recipient was Independent Institute ($503K). Together the top 2 received $516K.

Grant Size Distribution

23 grants across all recorded years

17<$50K2$50–100K$100–250K2$250–500K2$500K–1M$1–5M$5M+

The most common grant size was under $50K: 17 grants of 23 (74%).

Giving History

Grant recipients and amounts by year

RecipientPurposeAmount
Independent Institute Oakland, CAGeneral Support$503,296
Salvation Army San Francisco, CAGeneral Support$12,500

Financial History

Multi-year comparison from IRS filings

Revenue
Expenses
Qualifying Distributions
Net Investment Income
$0$250K$500K$750K$1M2020 2021 2022 2023 2024
Metric202420232022
Total Assets$8,370,932$7,577,705$7,158,027
Revenue$235,531$120,420$416,812
Expenses$525,025$905,046$407,864
Qualifying Distributions$519,457$893,992$394,178
Net Investment Income$229,300$109,366$93,068
Distributable Amount$389,174$374,710$374,946

Data update history

When this profile's IRS filing data changed on Grantable

  1. IRS filings on file for fiscal years 2020–2024

Leadership & Key People

Officers and directors from IRS filings

David J & Mary L is led by Mary Lg Theroux, Trustee on every filing since 2020 — the only officer listed, and uncompensated.

Officers on the 2024 filing

  • Mary Lg Theroux

    Trustee

    On filings since 2020

    1 hr/week

    No compensation reported

Former officers (1)
  • Former: David Theroux (2020–2022) — Trustee

Data from IRS Form 990 filings, 2020–2024. "On filings since" is the earliest filing we hold that lists the person; hours are average hours per week as reported.

Frequently asked questions about David J & Mary L

How much does David J & Mary L give each year?

David J & Mary L gave $516K across 2 grants in 2024, according to its 2024 IRS Form 990-PF. In 2023 it gave $883K across 7 grants.

How large is David J & Mary L?

David J & Mary L reported $8.4M in total assets on its 2024 IRS Form 990-PF. It paid out $519K in qualifying distributions that year, against a required minimum of $389K (roughly 5% of its investment assets).

Where does David J & Mary L operate?

David J & Mary L has awarded grants in California, District of Columbia, Kansas, Oklahoma.

What is David J & Mary L's EIN?

David J & Mary L's EIN (Employer Identification Number) is 94-3180069. IRS Form 990 filing data is available on this page for 2020–2024.

Data last updated September 2026. Sourced from IRS Form 990-PF filings.

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