Marks Family Foundation

Foundation · Grantmaker Stonington, CT EIN: 06-1601029

Marks Family Foundation is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in Stonington, CT. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $2.5M in total assets. In 2024, it awarded 12 grants totaling $120K. Net investment income was $33K.

Key facts about Marks Family Foundation

In short: Marks Family Foundation gave $120K across 12 grants in 2024 (avg $10K), mostly in Connecticut. Source: 2024 IRS Form 990-PF.

EIN
06-1601029
Latest 990 filing
Form 990-PF, 2024
Annual giving (2024)
$120,000
Grants made (2024)
12
Average grant
$10,000
Median grant
$10,000
Total assets
$2,488,152
Primary geography
Connecticut (83% of itemized 2024 grant dollars)

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

Financial Overview

From 2024 IRS Form 990-PF · View filing

Total Assets

$2.5M

+7.6% YoY

Annual Giving

$120K

+39.5% YoY

Grant Count

12

+100.0% YoY

Avg Grant Size

$10K

-30.2% YoY

Under IRS private-foundation payout rules, Marks Family Foundation reported a distributable amount of $118K for 2024 — the minimum it must pay out in qualifying distributions.

How Marks Family Foundation gives

  • Giving grew 1100% from 2021 to 2024. Method
  • In 2024 it paid out 103% of its IRS minimum distribution (the 5% rule). Method

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

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Geographic Focus

Where this funder awards grants

Grant Distribution by State

3states

Share of all 12 itemized 2024 grant dollars.

Cities

New LondonWest HartfordTuscaloosaCharlotteGrotonNew Haven

Giving Over Time

Total grant dollars and number of grants per year

$0$50K$100K$150K1 grants20201 grants20210 grants20226 grants202312 grants2024

Grant Insights

How this funder distributes its grants

Top Recipients

Top 8 recipients in 2024

Lawrence & Memorial Hospital: $69K across 5 grantsLawrence & Memorial Hospital$69K · 5 grantsChildren's of Alabama: $10KChildren's of Alabama$10KYale School of Medicine: $10KYale School of Medicine$10KAmazing Grace Foundation: $10KAmazing Grace Foundation$10KCongregation Beth Israel: $6KCongregation Beth Israel$6KDr Martin Luther King Scholarship: $6KDr Martin Luther KingScholarship$6KCommunity Speaks Out: $5KCommunity Speaks Out$5KJewish Community Foundation: $4KJewish Community Foundation$4K

Grant Size Distribution

20 grants across all recorded years

20<$50K$50–100K$100–250K$250–500K$500K–1M$1–5M$5M+

Giving History

Grant recipients and amounts by year

RecipientPurposeAmount
LAWRENCE & MEMORIAL HOSPITAL New London, CTFISHERS ISLAND ANNUAL FUNDRAISER$16,000
LAWRENCE & MEMORIAL HOSPITAL New London, CTBEHAVIORAL HEALTH ROOMS - EQUIPMENT$15,000
LAWRENCE & MEMORIAL HOSPITAL New London, CTBEHAVIORAL HEALTH FUND$15,000
LAWRENCE & MEMORIAL HOSPITAL New London, CTLUCAS DEVICE - EQUIPMENT$14,000
CHILDREN'S OF ALABAMA Tuscaloosa, ALHEALTH CARE FOR CHILDREN$10,000
YALE SCHOOL OF MEDICINE New Haven, CTMEDICAL RESEARCH$10,000
AMAZING GRACE FOUNDATION Charlotte, NCCANCER CLINICAL TRIALS$10,000
LAWRENCE & MEMORIAL HOSPITAL New London, CTLUCAS DEVICE - EQUIPMENT$9,000
CONGREGATION BETH ISRAEL West Hartford, CTBUILDING COMMITMENT FUND$6,000
DR MARTIN LUTHER KING SCHOLARSHIP New London, CTCOLLEGE SCHOLARSHIP FUND$6,000

Financial History

Multi-year comparison from IRS filings

Revenue
Expenses
Qualifying Distributions
Net Investment Income
$0$50K$100K$150K20202021202220232024
Metric202420232022
Total Assets$2,488,152$2,312,270$304
Revenue$65,938$50,601$1,501
Expenses$122,392$87,005$1,500
Qualifying Distributions$121,800$86,500$1,500
Net Investment Income$33,412$24,510$1
Distributable Amount$117,746$92,212$15

Data update history

When this profile's IRS filing data changed on Grantable

  1. IRS filings on file for fiscal years 2020–2024

Leadership & Key People

Officers and directors from IRS filings

Marks Family Foundation's 2024 filing lists 4 officers; none of the 4 officers listed in 2024 report compensation.

Officers on the 2024 filing

  • Ellen Reese

    Trustee

    On filings since 2023

    No compensation reported

  • Mark Bobruff

    Trustee

    On filings since 2023

    No compensation reported

  • Neal Bobruff

    Trustee

    On filings since 2023

    No compensation reported

  • Paul Bobruff

    Trustee

    On filings since 2023

    No compensation reported

Former officers (1)
  • Former: Carole Marks Scott (2020–2022) — Trustee

Data from IRS Form 990 filings, 2020–2024. "On filings since" is the earliest filing we hold that lists the person; hours are average hours per week as reported.

Frequently asked questions about Marks Family Foundation

How much does Marks Family Foundation give each year?

Marks Family Foundation gave $120K across 12 grants in 2024, according to its 2024 IRS Form 990-PF. In 2023 it gave $86K across 6 grants.

What is Marks Family Foundation's typical grant size?

Marks Family Foundation's median grant in 2024 was $10,000, and its average grant was $10,000, across 12 grants on its 2024 IRS Form 990-PF.

Where does Marks Family Foundation give grants?

Marks Family Foundation gives mostly in Connecticut: 83% of the grant dollars itemized on its 2024 IRS Form 990-PF went to recipients there. The next largest states were Alabama (8%) and North Carolina (8%). The most frequent recipient cities were New London, CT (6 grants) and West Hartford, CT (2 grants).

Does Marks Family Foundation give general operating support?

Occasionally: 8% of Marks Family Foundation's 2024 grants with a stated purpose (1 of 12) were for general or operating support, per its 2024 IRS Form 990-PF.

Who are Marks Family Foundation's largest grantees?

Marks Family Foundation's largest 2024 grantees include Lawrence & Memorial Hospital ($69,000 across 5 grants), Children's of Alabama ($10,000) and Yale School of Medicine ($10,000), according to its 2024 IRS Form 990-PF. Together they received 74% of its itemized 2024 grant dollars.

How large is Marks Family Foundation?

Marks Family Foundation reported $2.5M in total assets on its 2024 IRS Form 990-PF. It paid out $122K in qualifying distributions that year, against a required minimum of $118K (roughly 5% of its investment assets).

What is Marks Family Foundation?

Marks Family Foundation is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in Stonington, CT. It holds $2.5M in total assets as of 2024.

What is Marks Family Foundation's EIN?

Marks Family Foundation's EIN (Employer Identification Number) is 06-1601029. IRS Form 990 filing data is available on this page for 2020–2024.

Data last updated September 2026. Sourced from IRS Form 990-PF filings.

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