Marks Foundation is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in PARSIPPANY, NJ. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $2.2M in total assets. In 2024, it awarded 21 grants totaling $158K. Net investment income was $166K.
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$2.2M
-2.2% YoY
Annual Giving
$158K
+2.9% YoY
Grant Count
21
-4.5% YoY
Avg Grant Size
$8K
+7.8% YoY
Under IRS private-foundation payout rules, Marks Foundation reported a distributable amount of $186K for 2024 — the minimum it must pay out in qualifying distributions.
About Marks Foundation
Based on IRS filings
Marks Foundation is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in PARSIPPANY, NJ. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $2.2M in total assets. In 2024, it awarded 21 grants totaling $158K. Net investment income was $166K.
Focus Areas
Ready to take the next step with Marks Foundation?
Geographic Focus
Where this funder awards grants
Grant Distribution by State
States
Cities
Financial History
Multi-year comparison from IRS filings
| Metric | 2024 | 2023 | 2022 |
|---|---|---|---|
| Total Assets | $2,168,369 | $2,216,316 | $2,290,466 |
| Revenue | $116,342 | $87,273 | $157,607 |
| Expenses | $164,289 | $161,423 | $195,561 |
| Qualifying Distributions | $158,000 | $153,500 | $190,000 |
| Net Investment Income | $165,649 | $81,850 | $152,046 |
| Distributable Amount | $185,885 | $168,423 | $145,921 |
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
109 grants across all recorded years
Giving History
Grant recipients and amounts by year
Among its reported 2024 grants, the largest include Boca Raton Regional Hospital ($42,000), Morristown Hospital ($25,000), Memorial Sloan Kettering Cancer Center ($20,000).
| Recipient | Purpose | Amount |
|---|---|---|
| AMERICAN CANCER SOCIETY OKLAHOMA CITY, OK | CHARITABLE | $2,500 |
| AMERICAN DIABETES ASSOCIATION ARLINGTON, VA | CHARITABLE | $2,500 |
| AMERICAN HEART ASSOCIATION WALTHAM, MA | CHARITABLE | $2,500 |
| BGCN LIFE CAMP MORRISTOWN, NJ | CHARITABLE | $2,500 |
| BOCA RATON REGIONAL HOSPITAL BOCA RATON, FL | CHARITABLE | $42,000 |
| CHILDREN'S SPECIALIZED HOSPITAL MOUNTAINSIDE, NJ | CHARITABLE | $2,500 |
| COLUMBIA UNIVERSITY NEW YORK, NY | CHARITABLE | $2,500 |
| COMMUNITY FOOD BANK OF NEW JERSEY HILLSIDE, NJ | CHARITABLE | $1,000 |
| CORNELL UNIVERSITY ITHICA, NY | CHARITABLE | $5,000 |
| EMORY UNIVERSITY ATLANTA, GA | CHARITABLE | $5,000 |
Leadership & Key People
Officers and directors from IRS filings
Compensation Overview
From 2024 IRS filing
From 2024 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| LOUIS FRIEDMAN | TRUSTEE | — | — |
Subject Areas
Focus areas based on grantmaking activity
Frequently Asked Questions
What is Marks Foundation?
Marks Foundation is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in PARSIPPANY, NJ. It holds $2.2M in total assets as of 2024.
How large is Marks Foundation?
As of 2024, Marks Foundation holds $2.2M in total assets with $116K in annual revenue. It awarded 21 grants totaling $158K in 2024.
Where does Marks Foundation operate?
Marks Foundation has awarded grants in Arizona, Florida, Georgia, Massachusetts, Maryland, New Jersey, New York, Oklahoma, Pennsylvania, Virginia, Wisconsin.
What size grants does Marks Foundation award?
In 2024, Marks Foundation awarded 21 grants totaling $158K — an average of about $8K per grant, based on its IRS Form 990 filings.
How much is Marks Foundation required to give away each year?
Private foundations must generally distribute about 5% of their assets annually. For 2024, Marks Foundation reported a distributable amount of $186K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.
What is Marks Foundation's EIN?
Marks Foundation's EIN (Employer Identification Number) is 59-7212468. IRS Form 990 filing data is available on this page for 2020–2024.
Explore Open Grants
Browse active grant opportunities in Marks Foundation's focus areas in our free grants database
Related Funders
Similar funders by location and focus area
Laborers Intl Union of 472 Hcl
NEWARK, NJ
Assets
$61.5M
Grants
1
Total Given
$179K
The Community Chest of Englewood
ENGLEWOOD, NJ
Assets
$491K
Grants
5
Total Given
$38K
Margaret a Darrin Charitable Trust
FLORHAM PARK, NJ
Assets
$111.3M
Grants
61
Total Given
$6.9M
Anplr Religious Education Inc
PASSAIC, NJ
Assets
$19K
Grants
0
Total Given
—
The William & Phyllis Mack Family
FORT LEE, NJ
Assets
$5.9M
Grants
53
Total Given
$3.2M
New Digital Trade Coalition Ndtc
NORTH BERGEN, NJ
Assets
$300
Grants
0
Total Given
—
Data last updated April 2026. Sourced from IRS Form 990-PF filings.
What could you do with Marks Foundation on Grantable?
- Assess strategic fit with your organization
- Draft a tailored letter of inquiry
- Find open RFPs from this funder
- Monitor for new funding opportunities
Go from researching Marks Foundation to a real strategy.