Marstrand Foundation
Marstrand Foundation is a private foundation, based in Troy, MI. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $324K in total assets. In 2024, it awarded 3 grants totaling $36K. Net investment income was $48K.
Marstrand Foundation at a glance
In short: Marstrand Foundation gave $36K across 3 grants in 2024 (avg $12K), mostly in New York. Source: 2024 IRS Form 990-PF.
- Annual giving (2024)
- $36,000
- +0.0% vs 2023
- Grants made (2024)
- 3
- +50.0% vs 2023
- Average grant
- $12,000
- -33.3% vs 2023
- Median grant
- $12,000
- Total assets
- $324,378
- +3.8% vs 2023
- Primary geography
- New York (100% of itemized 2024 grant dollars)
- Latest 990 filing
- Form 990-PF, 2024 View filing
Data from IRS Form 990-PF, 2024; updated October 2026.
Who Marstrand Foundation funds
How this funder distributes its grants
Top Recipients
Top 3 recipients in 2024
The largest 2024 recipient was American Folk Art Museum ($12K). Together the top 3 received $36K.
Grant Size Distribution
14 grants across all recorded years
The most common grant size was under $50K: 14 grants of 14 (100%).
Geographic Focus
Where this funder awards grants
Grant Distribution by State
Share of 2024 grant dollars across all 3 itemized grants.
Cities
How Marstrand Foundation gives
- Giving grew 44% from 2021 to 2024. Method
- In 2024 it paid out 94% of its IRS minimum distribution (the 5% rule). Foundations have until the end of the next year to meet it. 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 2020 to 2024, annual grant giving ranged from $25K (2021) to $36K (2024). In 2024 it made 3 grants totaling $36K.
Grants by year
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| American Folk Art Museum Long Island City, NY | General Support | $12,000 |
| Bard College Annandaleonhudson, NY | General Support | $12,000 |
| Columbia University New York, NY | General Support | $12,000 |
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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 | $324,378 | $56,595 | $44,640 | $36,000 | 3 | $36,000 | $47,955 | $38,136 |
| 2023 | $312,423 | $34,813 | $44,593 | $36,000 | 2 | $36,000 | $26,940 | $33,218 |
| 2022 | $322,203 | $64,318 | $45,196 | $36,000 | 2 | $36,000 | $56,088 | $33,395 |
| 2021 | $303,081 | $68,432 | $33,007 | $25,000 | 2 | $25,000 | $60,425 | $35,035 |
| 2020 | $267,656 | $14,469 | $36,903 | $30,000 | 5 | — | $7,566 | $28,365 |
Under IRS private-foundation payout rules, Marstrand Foundation reported a distributable amount of $38K for 2024 — the minimum it must pay out in qualifying distributions.
Leadership & Key People
Officers and directors from IRS filings
Marstrand Foundation's only listed officer is Craig G. Gombolay, Secretary & Treasurer on every filing since 2020 (uncompensated).
Officers on the 2024 filing
Craig G. Gombolay
Secretary & Treasurer
On filings since 2020
0.3 hrs/week
No compensation reported
Former officers (1)
- Former: Siri Von Reis (2020–2021) — Vice Chairman
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 Marstrand Foundation
How much does Marstrand Foundation give each year?
Marstrand Foundation gave $36K across 3 grants in 2024, according to its 2024 IRS Form 990-PF. In 2023 it gave $36K across 2 grants.
What is Marstrand Foundation's typical grant size?
Marstrand Foundation's median grant in 2024 was $12,000, and its average grant was $12,000, across 3 grants on its 2024 IRS Form 990-PF.
Where does Marstrand Foundation give grants?
Marstrand Foundation gives mostly in New York: 100% of the grant dollars itemized on its 2024 IRS Form 990-PF went to recipients there.
Does Marstrand Foundation give general operating support?
Yes: 100% of Marstrand Foundation's 2024 grants with a stated purpose (3 of 3) were for general or operating support, per its 2024 IRS Form 990-PF.
How large is Marstrand Foundation?
Marstrand Foundation reported $324K in total assets on its 2024 IRS Form 990-PF. It paid out $36K in qualifying distributions that year, against a required minimum of $38K (roughly 5% of its investment assets). Falling short in one year is not a violation: foundations have until the end of the next year to meet the minimum.
What is Marstrand Foundation's EIN?
Marstrand Foundation's EIN (Employer Identification Number) is 38-6121574. IRS Form 990 filing data is available on this page for 2020–2024.
Data last updated October 2026. Sourced from IRS Form 990-PF filings.
Data update history
(6)
When this profile's IRS filing data changed on Grantable
- Updated Form 990-PF for fiscal year 2020 (received by the IRS November 15, 2021)
- Updated Form 990-PF for fiscal year 2021 (received by the IRS November 14, 2022)
- Updated Form 990-PF for fiscal year 2022 (received by the IRS May 15, 2023)
- Updated Form 990-PF for fiscal year 2023 (received by the IRS May 13, 2024)
- Updated Form 990-PF for fiscal year 2024 (received by the IRS November 6, 2025)
- IRS filings on file for fiscal years 2020–2024
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Figures come from Marstrand Foundation's IRS filings (methodology). AI-written summaries, news items and logos are not covered by the open licence. Spot an error? Email hello@grantable.co.
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