Marine Family Foundation is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in LEXINGTON, MA. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $607K in total assets. In 2024, it awarded 5 grants totaling $193K. Net investment income was $122K.
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$607K
-10.5% YoY
Annual Giving
$193K
+156.7% YoY
Grant Count
5
+25.0% YoY
Avg Grant Size
$39K
+105.3% YoY
About Marine Family Foundation
Based on IRS filings
Marine Family Foundation is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in LEXINGTON, MA. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $607K in total assets. In 2024, it awarded 5 grants totaling $193K. Net investment income was $122K.
Focus Areas
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Geographic Focus
Where this funder awards grants
Grant Distribution by State
Cities
Financial History
Multi-year comparison from IRS filings
| Metric | 2024 | 2023 | 2022 |
|---|---|---|---|
| Total Assets | $606,985 | $677,854 | $689,053 |
| Revenue | $124,631 | $66,801 | $52,027 |
| Expenses | $195,500 | $78,035 | $64,505 |
| Qualifying Distributions | $192,500 | $75,000 | $60,000 |
| Net Investment Income | $121,631 | $63,766 | $48,992 |
| Distributable Amount | $63,906 | $57,668 | $59,830 |
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
21 grants across all recorded years
Giving History
Grant recipients and amounts by year
No grants recorded for .
Leadership & Key People
Officers and directors from IRS filings
Compensation Overview
From 2024 IRS filing
From 2024 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| RICHARD L SMITH | TRUSTEE | 0.5 | — |
| CAROL A MARINE | ADVISORY COMMITTEE MEMBER | 1 | — |
| KATE M SMITH | ADVISORY COMMITTEE MEMBER | 0.5 | — |
| LEE M SMITH | ADVISORY COMMITTEE MEMBER | 0.5 | — |
Subject Areas
Focus areas based on grantmaking activity
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Data last updated April 2026. Sourced from IRS Form 990-PF filings.
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