Marinella Family Foundation is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in BOSTON, MA. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $474K in total assets. In 2024, it awarded 16 grants totaling $138K. Net investment income was $96K.
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$474K
-23.1% YoY
Annual Giving
$138K
+101.5% YoY
Grant Count
16
+6.7% YoY
Avg Grant Size
$9K
+88.9% YoY
Under IRS private-foundation payout rules, Marinella Family Foundation reported a distributable amount of $75K for 2024 — the minimum it must pay out in qualifying distributions.
About Marinella Family Foundation
Based on IRS filings
Marinella Family Foundation is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in BOSTON, MA. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $474K in total assets. In 2024, it awarded 16 grants totaling $138K. Net investment income was $96K.
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 | $474,388 | $616,685 | $650,455 |
| Revenue | $121,652 | $53,221 | $22,976 |
| Expenses | $161,760 | $92,159 | $88,809 |
| Qualifying Distributions | $138,000 | $68,500 | $63,000 |
| Net Investment Income | $95,892 | $29,430 | $3,114 |
| Distributable Amount | $74,524 | $67,898 | $69,211 |
Giving Over Time
Total grant dollars and number of grants per year
Grant Insights
How this funder distributes its grants
Top Recipients
Top 10 recipients in 2024
Grant Size Distribution
79 grants across all recorded years
Giving History
Grant recipients and amounts by year
Among its reported 2024 grants, the largest include Nantucket New School ($41,000), Friends of the Public Garden ($27,500), Brigham and Women's Hospital ($20,000).
| Recipient | Purpose | Amount |
|---|---|---|
| BOSTON COLLEGE CHESTNUT HILL, MA | GENERAL PURPOSE | $10,000 |
| BRIGHAM AND WOMEN'S HOSPITAL BOSTON, MA | GENERAL PURPOSE | $20,000 |
| DANA FARBER CANCER INSTITUTE BOSTON, MA | GENERAL PURPOSE | $10,000 |
| EMERALD NECKLACE CONSERVANCYCHARLESGATE ALLIANCE BOSTON, MA | GENERAL PURPOSE | $1,000 |
| EPILEPSY FOUNDATION OF NEW ENGLAND LOWELL, MA | GENERAL PURPOSE | $5,000 |
| FRIENDS OF THE PUBLIC GARDEN BOSTON, MA | GENERAL PURPOSE | $27,500 |
| MASS GENERAL HOSPITAL BOSTON, MA | GENERAL PURPOSE | $1,000 |
| NANTUCKET NEW SCHOOL NANTUCKET, MA | GENERAL PURPOSE | $41,000 |
| NATIONAL MULTIPLE SCLEROSIS WALTHAM, MA | GENERAL PURPOSE | $5,000 |
| NEIGHBORHOOD ASSOCIATIN OF THE BACK BAY BOSTON, MA | GENERAL PURPOSE | $1,000 |
Leadership & Key People
Officers and directors from IRS filings
Compensation Overview
From 2024 IRS filing
From 2024 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| DEBORAH A HAMBERG | TRUSTEE | 2 | — |
| KAREN L MARINELLA | TRUSTEE | 2 | — |
| JOHN A BENNING | TRUSTEE | 2 | — |
Subject Areas
Focus areas based on grantmaking activity
Frequently Asked Questions
What is Marinella Family Foundation?
Marinella Family Foundation is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in BOSTON, MA. It holds $474K in total assets as of 2024.
How large is Marinella Family Foundation?
As of 2024, Marinella Family Foundation holds $474K in total assets with $122K in annual revenue. It awarded 16 grants totaling $138K in 2024.
Where does Marinella Family Foundation operate?
Marinella Family Foundation has awarded grants in Connecticut, District of Columbia, Massachusetts, Maine, Vermont.
What size grants does Marinella Family Foundation award?
In 2024, Marinella Family Foundation awarded 16 grants totaling $138K — an average of about $9K per grant, based on its IRS Form 990 filings.
How much is Marinella Family Foundation required to give away each year?
Private foundations must generally distribute about 5% of their assets annually. For 2024, Marinella Family Foundation reported a distributable amount of $75K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.
What is Marinella Family Foundation's EIN?
Marinella Family Foundation's EIN (Employer Identification Number) is 04-3567871. IRS Form 990 filing data is available on this page for 2020–2024.
Explore Open Grants
Browse active grant opportunities in Marinella Family Foundation's focus areas in our free grants database
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Data last updated April 2026. Sourced from IRS Form 990-PF filings.
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