Heritage Mark Foundation
Heritage Mark Foundation is a private foundation based in Castle Rock, Colorado, operating as a 501(c)(3) nonprofit organization. The foundation has been tax-exempt since May 1969 (EIN: 23-7017100).
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$14.3M
+10.4% YoY
Annual Giving
$50K
+25.0% YoY
Grant Count
1
-50.0% YoY
Avg Grant Size
$50K
+150.0% YoY
Under IRS private-foundation payout rules, Heritage Mark Foundation reported a distributable amount of $1.6M for 2024 — the minimum it must pay out in qualifying distributions.
Mission & Focus Areas
The foundation primarily funds general operations, scholarships, ministries, projects, and missions programs. Key funding focus areas include:
- Education
- Philanthropy, Voluntarism & Grantmaking
- Human Services
Grantmaking
The foundation also supports mechanical engineering undergraduate financial aid funds.
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Geographic Focus
Where this funder awards grants
The foundation primarily funds organizations in Colorado and Michigan.
Grant Distribution by State
States
Cities
Financial History
Multi-year comparison from IRS filings
As of December 2024:
- Total Assets: $14,278,908
- Total Revenue: $1,491,580
- Total Expenses: $145,057
- Net Income: $1,346,523
- Total Liabilities: $0
Revenue Breakdown (2024):
- Total grants and contributions: $251,551
- Investment income and dividends: $813,671
- Net gain from sale of non-inventory assets: $426,358
Year-over-Year Growth (2023 to 2024):
- Total revenue increased 252.3% (from $423,436 in 2023)
- Total grants and contributions increased 151.6%
- Investment income increased 21%
| Metric | 2024 | 2023 | 2022 |
|---|---|---|---|
| Total Assets | $14,278,908 | $12,932,385 | $12,800,705 |
| Revenue | $1,491,580 | $423,436 | $835,622 |
| Expenses | $145,057 | $290,198 | $102,552 |
| Qualifying Distributions | $50,000 | $40,000 | $402 |
| Net Investment Income | $1,166,553 | $443,888 | $769,973 |
| Distributable Amount | $1,628,254 | $1,163,374 | $968,299 |
Giving Over Time
Total grant dollars and number of grants per year
Grant Insights
How this funder distributes its grants
Top Recipients
Top 1 recipients in 2024
Grant Size Distribution
59 grants across all recorded years
Giving History
Grant recipients and amounts by year
Among its reported 2024 grants, the largest include Colorado Patient Care Fund ($50,000).
| Recipient | Purpose | Amount |
|---|---|---|
| Colorado Patient Care Fund Aurora, CO | General | $50,000 |
Leadership & Key People
Officers and directors from IRS filings
Compensation Overview
From 2024 IRS filing
From 2024 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| David R Foote | President | 0.5 | — |
| Matthew D Foote | Treasurer/ Secretary | 0.5 | — |
| Amy E Foote | Vice President | 0.5 | — |
Subject Areas
Focus areas based on grantmaking activity
Frequently Asked Questions
What does Heritage Mark Foundation fund?
The foundation primarily funds general operations, scholarships, ministries, projects, and missions programs. Key funding focus areas include: • Education • Philanthropy, Voluntarism & Grantmaking • Human Services
How do I apply for a grant from Heritage Mark Foundation?
**Grant Activity:** • Made 44 grants in 2024 • Total giving in 2024: $50,000 • Typical award range: $10,000–$50,000 **Recent Grants:** • Colorado Patient Care Fund Incorporated: $50,000 (2024) The foundation also supports mechanical engineering undergraduate financial aid funds.
Where does Heritage Mark Foundation make grants?
The foundation primarily funds organizations in Colorado and Michigan.
What size grants does Heritage Mark Foundation award?
In 2024, Heritage Mark Foundation awarded 1 grants totaling $50K — an average of about $50K per grant, based on its IRS Form 990 filings.
How much is Heritage Mark Foundation required to give away each year?
Private foundations must generally distribute about 5% of their assets annually. For 2024, Heritage Mark Foundation reported a distributable amount of $1.6M on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.
What is Heritage Mark Foundation's EIN?
Heritage Mark Foundation's EIN (Employer Identification Number) is 23-7017100. IRS Form 990 filing data is available on this page for 2020–2024.
Explore Open Grants
Browse active grant opportunities in Heritage Mark Foundation's focus areas in our free grants database
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Data last updated June 2026. Sourced from IRS Form 990-PF filings. Research dossier generated April 2026.
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