Joe & Allison Markell Foundation

Foundation · Grantmaker Wilmington, DE EIN: 87-4537247

Joe & Allison Markell Foundation is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in Wilmington, DE. IRS filing data is available from 2022 through 2024. As of 2024, the organization holds $97K in total assets. In 2024, it awarded 6 grants totaling $47K. Net investment income was $11K.

Key facts about Joe & Allison Markell Foundation

EIN: 87-4537247
Latest 990 filing: Form 990-PF, 2024
Annual giving (2024): $46,600
Grants made (2024): 6
Average grant: $7,767
Median grant: $3,800
Total assets: $96,984
Primary geography: Virginia (71% of itemized 2024 grant dollars)

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

Who Joe & Allison Markell Foundation funds

By grant dollars, the top recipient states for Joe & Allison Markell Foundation's 6 itemized 2024 grants were Virginia (71%), Ohio (13%) and North Carolina (11%). 67% of grants with a stated purpose were for general or operating support.

How Joe & Allison Markell Foundation gives

In 2024 it paid out well above its IRS minimum distribution (the 5% rule). Method

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

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Financial Overview

From 2024 IRS Form 990-PF · View filing

Total Assets

$97K

+7.1% YoY

Annual Giving

$47K

+0.2% YoY

Grant Count

+20.0% YoY

Avg Grant Size

$8K

-16.5% YoY

Under IRS private-foundation payout rules, Joe & Allison Markell Foundation reported a distributable amount of $4K for 2024 — the minimum it must pay out in qualifying distributions.

About Joe & Allison Markell Foundation

Based on IRS filings

Focus Areas

Philanthropy, Voluntarism & Grantmaking

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Geographic Focus

Where this funder awards grants

Grant Distribution by State

Virginia $33K (71%)

Ohio $6K (13%)

North Carolina $5K (11%)

Georgia $3K (6%)

Share of all 6 itemized 2024 grant dollars.

States

California Georgia North Carolina Ohio Virginia

Cities

LeesburgDelawareRound HillAtlantaBooneSan RafaelWilliamsburg

Financial History

Multi-year comparison from IRS filings

Revenue

Expenses

Qualifying Distributions

Net Investment Income

Metric	2024	2023	2022
Total Assets	$96,984	$90,525	$151,672
Revenue	$61,681	$10,311	$253,442
Expenses	$55,222	$71,458	$101,770
Qualifying Distributions	$54,115	$66,418	$100,000
Net Investment Income	$10,648	$5,294	$1,672
Distributable Amount	$4,074	$5,569	$5,393

Data update history

When this profile's IRS filing data changed on Grantable

March 3, 2026 IRS filings on file for fiscal years 2022–2024

Giving Over Time

Total grant dollars and number of grants per year

Grant Insights

How this funder distributes its grants

Top Recipients

Top 6 recipients in 2024

Grant Size Distribution

12 grants across all recorded years

Giving History

Grant recipients and amounts by year

Among its reported 2024 grants, the largest recipients include Cornerstone Chapel ($30,000), Ohio Wesleyan University ($6,000), Samaritans Purse ($5,000).

Recipient	Purpose	Amount
CORNERSTONE CHAPEL Leesburg, VA	General & Unrestricted	$30,000
OHIO WESLEYAN UNIVERSITY Delaware, OH	Team OWU - Women's Field Hockey	$6,000
SAMARITANS PURSE Boone, NC	General & Unrestricted	$5,000
AMERICAN CANCER SOCIETY Atlanta, GA	Charitable Event	$2,600
THE THOMAS JEFFERSON INSTITUTE FOR PUBLIC POLICY Round Hill, VA	General & Unrestricted	$2,500
PAWS OF HONOR INC Williamsburg, VA	General & Unrestricted	$500

Leadership & Key People

Officers and directors from IRS filings

Compensation Overview

No officer or director reported compensation in the available filings.

From 2024 IRS filing

Name	Title	Hours	Compensation
Allison Markell	Dir, Pres	1	—
Joseph C Markell	Dir, Sec, Treas	1	—

Subject Areas

Focus areas based on grantmaking activity

Philanthropy, Voluntarism & Grantmaking

Frequently Asked Questions

What is Joe & Allison Markell Foundation?

Joe & Allison Markell Foundation is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in Wilmington, DE. It holds $97K in total assets as of 2024.

How large is Joe & Allison Markell Foundation?

As of 2024, Joe & Allison Markell Foundation holds $97K in total assets with $62K in annual revenue. It awarded 6 grants totaling $47K in 2024.

Where does Joe & Allison Markell Foundation operate?

Joe & Allison Markell Foundation has awarded grants in California, Georgia, North Carolina, Ohio, Virginia.

What size grants does Joe & Allison Markell Foundation award?

In 2024, Joe & Allison Markell Foundation awarded 6 grants totaling $47K — an average of about $8K per grant, based on its IRS Form 990 filings.

How much is Joe & Allison Markell Foundation required to give away each year?

Private foundations must generally distribute about 5% of their assets annually. For 2024, Joe & Allison Markell Foundation reported a distributable amount of $4K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.

What is Joe & Allison Markell Foundation's EIN?

Joe & Allison Markell Foundation's EIN (Employer Identification Number) is 87-4537247. IRS Form 990 filing data is available on this page for 2022–2024.