Marks Family Foundation
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.
Ready to take the next step with Marks Family Foundation?
Geographic Focus
Where this funder awards grants
Grant Distribution by State
Share of all 12 itemized 2024 grant dollars.
Cities
Giving Over Time
Total grant dollars and number of grants per year
Grant Insights
How this funder distributes its grants
Top Recipients
Top 8 recipients in 2024
Grant Size Distribution
20 grants across all recorded years
Giving History
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| LAWRENCE & MEMORIAL HOSPITAL New London, CT | FISHERS ISLAND ANNUAL FUNDRAISER | $16,000 |
| LAWRENCE & MEMORIAL HOSPITAL New London, CT | BEHAVIORAL HEALTH ROOMS - EQUIPMENT | $15,000 |
| LAWRENCE & MEMORIAL HOSPITAL New London, CT | BEHAVIORAL HEALTH FUND | $15,000 |
| LAWRENCE & MEMORIAL HOSPITAL New London, CT | LUCAS DEVICE - EQUIPMENT | $14,000 |
| CHILDREN'S OF ALABAMA Tuscaloosa, AL | HEALTH CARE FOR CHILDREN | $10,000 |
| YALE SCHOOL OF MEDICINE New Haven, CT | MEDICAL RESEARCH | $10,000 |
| AMAZING GRACE FOUNDATION Charlotte, NC | CANCER CLINICAL TRIALS | $10,000 |
| LAWRENCE & MEMORIAL HOSPITAL New London, CT | LUCAS DEVICE - EQUIPMENT | $9,000 |
| CONGREGATION BETH ISRAEL West Hartford, CT | BUILDING COMMITMENT FUND | $6,000 |
| DR MARTIN LUTHER KING SCHOLARSHIP New London, CT | COLLEGE SCHOLARSHIP FUND | $6,000 |
Financial History
Multi-year comparison from IRS filings
| Metric | 2024 | 2023 | 2022 |
|---|---|---|---|
| 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
- 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.
Here's the math on researching Marks Family Foundation by hand.
Explore Open Grants
Browse active grant opportunities in Marks Family Foundation's focus areas in our free grants database
Similar Funders
Funders that support many of the same organizations
The Zachs Family Foundation Inc
Hartford, CT
The Zachs Family Foundation supports a varied mix of Connecticut organizations, including Jewish groups, camps, schools and universities, arts organizations, and community-focused nonprofits; most of its grant dollars go to Connecticut. In 2025, it made 138 grants totaling about $2 million, with a median grant of $2,000 and awards ranging from $100 to $638,200. It gives only to preselected charitable organizations and does not accept unsolicited requests.
Assets
$29.3M
Grants
138
Total Given
$2.0M
Dominion Energy Charitable Foundation
Richmond, VA
Dominion Energy Charitable Foundation distributes approximately $16 million annually to nonprofits in health and human services, civic development, arts and culture, environment, and education, with typical grants ranging from $5,000 to $7,500. The foundation primarily funds programs and specific projects in Virginia, South Carolina, and Connecticut, and welcomes applications year-round through multiple grant programs including general purpose distributions and employee matching gift initiatives.
Assets
—
Grants
773
Total Given
$16.4M
Chelsea Groton Foundation
Groton, CT
The Chelsea Groton Foundation supports nonprofits and community programs, with recent grants for food security, housing and homelessness prevention, emergency assistance, education, and community facilities; it gives special consideration to communities served by Chelsea Groton Bank, primarily in Connecticut. Grants ranged from $100 to $50,000 in 2025, with a median of $500; its Community Giving awards are up to $10,000. It provides an online application process, but does not state whether it accepts unsolicited requests.
Assets
$10.4M
Grants
326
Total Given
$825K
Elwer Foundation Inc
Lauderdale by the Sea, FL
Assets
$312K
Grants
2
Total Given
$676K
Cheryl Chase & Stuart Bear Family
Hartford, CT
The foundation supports schools, arts and cultural organizations, health organizations, and human-services providers, with 97% of its 2024 grant dollars going to Connecticut recipients. Its 61 grants ranged from $50 to $100,000, with a median of $1,800. It accepts unsolicited requests; there is no specific form or deadline, according to its 2023 filing.
Assets
$2.0M
Grants
61
Total Given
$381K
The Warburg Pincus Foundation
New York, NY
The Warburg Pincus Foundation supports charitable, educational, and community organizations across fields including the arts, education, journalism, health care, and basic needs, with most 2025 grant dollars going to New York organizations and additional giving in other U.S. states and more than 20 countries. Its 2025 grants ranged from $60 to $492,500, with a median of $6,000. It does not accept unsolicited requests and gives only to preselected organizations.
Assets
—
Grants
297
Total Given
$5.5M
The Philadelphia Foundation
Philadelphia, PA
The Philadelphia Foundation funds nonprofits working to strengthen Greater Philadelphia, including efforts to advance economic mobility and support vulnerable residents, with grants spanning a range of community needs. Its 2024 grants had a median of $25,500, though amounts varied widely; the profile does not state whether it accepts unsolicited requests.
Assets
$704.6M
Grants
715
Total Given
$39.1M
H & a Bodenheimer Charitable Trust
Delray Beach, FL
This private foundation based in Delray Beach, Florida supports education, human services, and Jewish organizations with unrestricted grants, typically ranging from $1,000 to $5,000 with occasional larger awards. While the foundation has distributed over $847,000 across nearly 500 grants historically, it strongly favors established organizations with proven track records, with new grantees representing only 17% of recent funding. Geographic focus is concentrated in Connecticut (particularly West Hartford), though the foundation also supports organizations across 19 additional states including Florida, New Jersey, California, and New York.
Assets
$980K
Grants
68
Total Given
$149K
Pelz Family Foundation Inc
Mequon, WI
Assets
—
Grants
20
Total Given
$40K
Ge Aerospace Foundation
Norwalk, CT
The GE Aerospace Foundation, launched in 2024, supports engineering education and STEM development, workforce training, and disaster relief in communities where GE Aerospace employees live and work globally. Grant sizes range from $25 to over $1 million depending on the program, with the foundation committing $22 million in new programming through 2030. The foundation operates on an invitation-only basis and does not accept unsolicited proposals, with geographic focus concentrated in employee communities across the United States and internationally.
Assets
$22.5M
Grants
2,467
Total Given
$15.3M
Americares Foundation Inc
Stamford, CT
Americares funds health care access, medicines and medical supplies, community health programs, and disaster preparedness, response, and recovery. Its work is global, reaching about 80 countries annually including the United States; 2025 grants had a median of about $58,700, with awards ranging from roughly $5,100 to $3.86 million. The profile does not state whether it accepts unsolicited requests.
Assets
$372.5M
Grants
635
Total Given
$113.3M
The Pfizer Foundation Inc
New York, NY
The Pfizer Foundation funds locally led health programs that improve access to care and strengthen health systems, as well as health-crisis and disaster responses, worldwide. In 2024, grants ranged from $2 to $4 million, with a median of $200. It supports only preselected organizations and does not accept unsolicited requests.
Assets
$255.3M
Grants
9,306
Total Given
$23.2M
More Funders in Connecticut
Marks Family Foundation down — hundreds of funders to go?