Marshwood Foundation
Marshwood Foundation is a private foundation, based in Key Colony Beach, FL. IRS filing data is available from 2022 through 2024. As of 2024, the organization holds $945K in total assets. In 2024, it awarded 6 grants totaling $113K. Net investment income was $247K.
Marshwood Foundation at a glance
In short: Marshwood Foundation gave $113K across 6 grants in 2024 (avg $19K), mostly in Florida. Source: 2024 IRS Form 990-PF.
- Annual giving (2024)
- $112,500
- +6.1% vs 2023
- Grants made (2024)
- 6
- +100.0% vs 2023
- Average grant
- $18,750
- -46.9% vs 2023
- Median grant
- $3,750
- Total assets
- $944,565
- +16.7% vs 2023
- Primary geography
- Florida (53% of itemized 2024 grant dollars)
- Latest 990 filing
- Form 990-PF, 2024 View filing
Data from IRS Form 990-PF, 2024; updated September 2026.
Who Marshwood Foundation funds
How this funder distributes its grants
Top Recipients
Top 6 recipients in 2024
The largest 2024 recipient was American Red Cross ($50K). Together the top 6 received $113K.
Grant Size Distribution
13 grants across all recorded years
The most common grant size was under $50K: 7 grants of 13 (54%).
Geographic Focus
Where this funder awards grants
Grant Distribution by State
Share of 2024 grant dollars across all 6 itemized grants.
Cities
How Marshwood Foundation gives
- In 2024 it paid out 243% of its IRS minimum distribution (the 5% rule). Method
From the foundation's IRS Form 990-PF filings. Methodology.
Giving History
Giving Over Time
Total grant dollars and number of grants per year
From 2022 to 2024, annual grant giving ranged from $106K (2023) to $148K (2022). In 2024 it made 6 grants totaling $113K.
Grants by year
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| American Red Cross Washington, DC | Humanitarian Work | $50,000 |
| Shriners Childrens Hospital Tampa, FL | Support Health Care for Children in Need | $50,000 |
| Key Colony Fishing Boating Club Key Colony Beach, FL | Support Youth Programs | $5,000 |
| Dolphin Research Center Grassy Key, FL | Support Wild Animal Welfare | $2,500 |
| Marine Toys for Tots Foundation Triangle, VA | Support Needy Children | $2,500 |
| Grace Jones Community Center Marathon, FL | Support Public Community Programs | $2,500 |
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Financial History
Multi-year comparison from IRS filings
| Filing year | Total Assets | Revenue | Expenses | Grants paid | Grants | Qualifying Distributions | Net Investment Income | Distributable Amount |
|---|---|---|---|---|---|---|---|---|
| 2024 | $944,565 | $251,980 | $117,644 | $112,500 | 6 | $112,500 | $246,836 | $46,240 |
| 2023 | $809,361 | $70,817 | $112,147 | $106,000 | 3 | $106,000 | $63,670 | $47,659 |
| 2022 | $850,691 | $1,020,838 | $156,322 | $147,500 | 4 | $147,500 | $59,263 | $41,356 |
Under IRS private-foundation payout rules, Marshwood Foundation reported a distributable amount of $46K for 2024 — the minimum it must pay out in qualifying distributions.
Leadership & Key People
Officers and directors from IRS filings
Marshwood Foundation is led by Eugene Bitchko, President on every filing since 2022; none of the 2 officers listed in 2024 report compensation.
Officers on the 2024 filing
Eugene Bitchko
President
On filings since 2022
No compensation reported
Julianne Bitchko
Sectreasurer
On filings since 2022
No compensation reported
Data from IRS Form 990 filings, 2022–2024. "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 Marshwood Foundation
How much does Marshwood Foundation give each year?
Marshwood Foundation gave $113K across 6 grants in 2024, according to its 2024 IRS Form 990-PF. In 2023 it gave $106K across 3 grants.
What is Marshwood Foundation's typical grant size?
Marshwood Foundation's median grant in 2024 was $3,750, and its average grant was $18,750, across 6 grants on its 2024 IRS Form 990-PF.
Where does Marshwood Foundation give grants?
Marshwood Foundation gives mostly in Florida: 53% of the grant dollars itemized on its 2024 IRS Form 990-PF went to recipients there. The next largest state was District of Columbia (44%).
Does Marshwood Foundation give general operating support?
Not in 2024: none of the 6 grants with a stated purpose on Marshwood Foundation's 2024 IRS Form 990-PF were described as general or operating support.
Who are Marshwood Foundation's largest grantees?
Marshwood Foundation's largest 2024 grantees include American Red Cross ($50,000), Shriners Childrens Hospital ($50,000) and Key Colony Fishing Boating Club ($5,000), according to its 2024 IRS Form 990-PF. Together they received 93% of its itemized 2024 grant dollars.
How large is Marshwood Foundation?
Marshwood Foundation reported $945K in total assets on its 2024 IRS Form 990-PF. It paid out $113K in qualifying distributions that year, against a required minimum of $46K (roughly 5% of its investment assets).
What is Marshwood Foundation's EIN?
Marshwood Foundation's EIN (Employer Identification Number) is 86-3296499. IRS Form 990 filing data is available on this page for 2022–2024.
Data last updated September 2026. Sourced from IRS Form 990-PF filings.
Data update history
(1)
When this profile's IRS filing data changed on Grantable
- IRS filings on file for fiscal years 2022–2024
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