Marcus Maye Foundation Inc

MELVILLE, NY EIN: 83-1676908

Marcus Maye Foundation Inc is a private foundation focused on Recreation & Sports, based in MELVILLE, NY. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $15K in total assets. In 2024, it awarded 5 grants totaling $7K. Net investment income was $2.

Financial Overview

From 2024 IRS Form 990-PF · View filing

Total Assets

$15K

+26.5% YoY

Annual Giving

$7K

+85.6% YoY

Grant Count

+25.0% YoY

Avg Grant Size

$1K

+48.5% YoY

Under IRS private-foundation payout rules, Marcus Maye Foundation Inc reported a distributable amount of $228 for 2024 — the minimum it must pay out in qualifying distributions.

About Marcus Maye Foundation Inc

Based on IRS filings

Focus Areas

Recreation & Sports

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Geographic Focus

Where this funder awards grants

Grant Distribution by State

Florida $28K (90%)

Ohio $3K (10%)

States

Florida Ohio

Cities

BereaBoynton BeachJacksonvilleLakelandMelbourneMerritt IslandPalm BayRockledge

Financial History

Multi-year comparison from IRS filings

Revenue

Expenses

Qualifying Distributions

Net Investment Income

Metric	2024	2023	2022
Total Assets	$14,960	$11,829	$22,454
Revenue	$64,796	$54,283	$2,159
Expenses	$61,665	$64,908	$19,289
Qualifying Distributions	$46,755	$56,595	$18,589
Net Investment Income	$2	—	$212
Distributable Amount	$228	$670	$1,107

Giving Over Time

Total grant dollars and number of grants per year

Grant Insights

How this funder distributes its grants

Top Recipients

Top 5 recipients in 2024

Grant Size Distribution

19 grants across all recorded years

Giving History

Grant recipients and amounts by year

Among its reported 2024 grants, the largest include Holy Trinity Episcopal Academy ($3,450), Three Wishes Hope Foundation ($1,625), The Astronauts Memorial Foundation ($807).

Recipient	Purpose	Amount
THREE WISHES HOPE FOUNDATION ROCKLEDGE, FL	YOUTH CHARITY	$1,625
HOLY TRINITY EPISCOPAL ACADEMY MELBOURNE, FL	YOUTH CHARITY	$3,450
THE ASTRONAUTS MEMORIAL FOUNDATION MERRITT ISLAND, FL	CHARITABLE	$807
MELBOURNE PAL MELBOURNE, FL	YOUTH CHARITY	$300
FRIEDS OF DR MLK JR LIBRARY MELBOURNE, FL	CHARITABLE	$500

Leadership & Key People

Officers and directors from IRS filings

Compensation Overview

From 2024 IRS filing

From 2024 filing

Name	Title	Hours	Compensation
MARCUS MAYE	PRESIDENT	—	—

Subject Areas

Focus areas based on grantmaking activity

Recreation & Sports

Frequently Asked Questions

What is Marcus Maye Foundation Inc?

Marcus Maye Foundation Inc is a private foundation focused on Recreation & Sports, based in MELVILLE, NY. It holds $15K in total assets as of 2024.

How large is Marcus Maye Foundation Inc?

As of 2024, Marcus Maye Foundation Inc holds $15K in total assets with $65K in annual revenue. It awarded 5 grants totaling $7K in 2024.

Where does Marcus Maye Foundation Inc operate?

Marcus Maye Foundation Inc has awarded grants in Florida, Ohio.

What size grants does Marcus Maye Foundation Inc award?

In 2024, Marcus Maye Foundation Inc awarded 5 grants totaling $7K — an average of about $1K per grant, based on its IRS Form 990 filings.

How much is Marcus Maye Foundation Inc required to give away each year?

Private foundations must generally distribute about 5% of their assets annually. For 2024, Marcus Maye Foundation Inc reported a distributable amount of $228 on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.