Markstone Family Charitable Foundation
Markstone Family Charitable Foundation is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in Providence, RI. IRS filing data is available from 2021 through 2024. As of 2024, the organization holds $1.3M in total assets. In 2024, it awarded 12 grants totaling $48K. Net investment income was $46K.
Key facts about Markstone Family Charitable Foundation
- EIN
- 87-3861397
- Latest 990 filing
- Form 990-PF, 2024
- Annual giving (2024)
- $48,248
- Grants made (2024)
- 12
- Average grant
- $4,021
- Median grant
- $1,750
- New grantees (estimate)
- 42% first-time grantees (5 of 12, 2024)
- Total assets
- $1,322,377
- Primary geography
- Rhode Island (98% of itemized 2024 grant dollars)
Data from IRS Form 990-PF, 2024; updated September 2026. New grantees are estimated by matching recipient names across years (methodology).
Who Markstone Family Charitable Foundation funds
By grant dollars, the top recipient states for Markstone Family Charitable Foundation's 12 itemized 2024 grants were Rhode Island (98%). The most frequent recipient cities were Providence, RI (8 grants). 100% of grants with a stated purpose were for general or operating support.
Is Markstone Family Charitable Foundation open to new grantees?
42%
first-time grantees, 2024
In 2024, 5 of 12 grantees (42%) were first-time recipients. First grants averaged $1K; repeat grants $6K. How we count
Medians: $1K first-time, $5K repeat.
- 58% of 2024 grantees were also funded in 2023. Method
- In 2024 it paid out 67% of its IRS minimum distribution (the 5% rule). Foundations have until the end of the next year to meet it. Method
Estimate from itemized IRS Form 990-PF grant lists (2022–2024). Recipient names are matched across years, so a renamed or misspelled grantee can look new; grants to individuals are left out. Methodology.
Next steps with Markstone Family Charitable Foundation
- How to evaluate Markstone Family Charitable Foundation as a funder
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Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$1.3M
-0.3% YoY
Annual Giving
$48K
-56.3% YoY
Grant Count
12
+0.0% YoY
Avg Grant Size
$4K
-56.3% YoY
Under IRS private-foundation payout rules, Markstone Family Charitable Foundation reported a distributable amount of $72K for 2024 — the minimum it must pay out in qualifying distributions.
About Markstone Family Charitable Foundation
Based on IRS filings
Markstone Family Charitable Foundation is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in Providence, RI. IRS filing data is available from 2021 through 2024. As of 2024, the organization holds $1.3M in total assets. In 2024, it awarded 12 grants totaling $48K. Net investment income was $46K.
Focus Areas
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Geographic Focus
Where this funder awards grants
Grant Distribution by State
Share of all 12 itemized 2024 grant dollars.
Cities
Financial History
Multi-year comparison from IRS filings
| Metric | 2024 | 2023 | 2022 |
|---|---|---|---|
| Total Assets | $1,322,377 | $1,326,513 | $1,398,309 |
| Revenue | $55,141 | $45,109 | $-13,115 |
| Expenses | $57,569 | $121,440 | $88,582 |
| Qualifying Distributions | $48,278 | $111,050 | $75,823 |
| Net Investment Income | $46,350 | $34,719 | $20,465 |
| Distributable Amount | $72,432 | $64,780 | $62,495 |
Data update history
When this profile's IRS filing data changed on Grantable
- IRS filings on file for fiscal years 2021–2024
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
40 grants across all recorded years
Giving History
Grant recipients and amounts by year
Among its reported 2024 grants, the largest recipients include Crossroads RI ($12,500), Westminister Unitarian Church ($11,500), The Gamm Theatre ($10,000).
| Recipient | Purpose | Amount |
|---|---|---|
| CROSSROADS RI Providence, RI | OPERATING SUPPORT | $12,500 |
| WESTMINISTER UNITARIAN CHURCH East Greenwich, RI | OPERATING SUPPORT | $11,500 |
| THE GAMM THEATRE Warwick, RI | OPERATING SUPPORT | $10,000 |
| SOJOURNER HOUSE Providence, RI | OPERATING SUPPORT | $5,000 |
| RI COMMUNITY FOOD BANK Providence, RI | OPERATING SUPPORT | $2,500 |
| RHODE ISLAND SPONSORING EDUCATION Providence, RI | OPERATING SUPPORT | $2,000 |
| NON VIOLENCE INSTITUTE Providence, RI | OPERATING SUPPORT | $1,500 |
| THE PROVIDENCE EYE Providence, RI | OPERATING SUPPORT | $1,000 |
| THE NATURE CONSERVANCY Providence, RI | OPERATING SUPPORT | $1,000 |
| THE FISTULA FOUNDATION San Jose, CA | OPERATING SUPPORT | $750 |
Leadership & Key People
Officers and directors from IRS filings
Compensation Overview
No officer or director reported compensation in the available filings.
From 2024 IRS filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| William C Stone | Trustee | 1 | — |
| Carolyn Mark | Trustee | 1 | — |
Subject Areas
Focus areas based on grantmaking activity
Frequently Asked Questions
What is Markstone Family Charitable Foundation?
Markstone Family Charitable Foundation is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in Providence, RI. It holds $1.3M in total assets as of 2024.
How large is Markstone Family Charitable Foundation?
As of 2024, Markstone Family Charitable Foundation holds $1.3M in total assets with $55K in annual revenue. It awarded 12 grants totaling $48K in 2024.
Where does Markstone Family Charitable Foundation operate?
Markstone Family Charitable Foundation has awarded grants in California, Massachusetts, Rhode Island.
What size grants does Markstone Family Charitable Foundation award?
In 2024, Markstone Family Charitable Foundation awarded 12 grants totaling $48K — an average of about $4K per grant, based on its IRS Form 990 filings.
How much is Markstone Family Charitable Foundation required to give away each year?
Private foundations must generally distribute about 5% of their assets annually. For 2024, Markstone Family Charitable Foundation reported a distributable amount of $72K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.
What is Markstone Family Charitable Foundation's EIN?
Markstone Family Charitable Foundation's EIN (Employer Identification Number) is 87-3861397. IRS Form 990 filing data is available on this page for 2021–2024.
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Data last updated September 2026. Sourced from IRS Form 990-PF filings.