Nathan & Marlene Addlestone Foundation Inc

CHARLESTON, SC EIN: 57-0697712

Education Environment Domesticated animals Human services

Nathan & Marlene Addlestone Foundation Inc is a private foundation focused on Education, based in CHARLESTON, SC. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $1.3M in total assets. In 2024, it awarded 28 grants totaling $70K. Net investment income was $67K.

Financial Overview

From 2024 IRS Form 990-PF · View filing

Total Assets

$1.3M

-1.5% YoY

Annual Giving

$70K

+10.6% YoY

Grant Count

-9.7% YoY

Avg Grant Size

$3K

+22.4% YoY

Under IRS private-foundation payout rules, Nathan & Marlene Addlestone Foundation Inc reported a distributable amount of $70K for 2024 — the minimum it must pay out in qualifying distributions.

About Nathan & Marlene Addlestone Foundation Inc

Based on IRS filings

Focus Areas

Education Environment Domesticated animals Human services

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Geographic Focus

Where this funder awards grants

Grant Distribution by State

South Carolina $240K (85%)

New York $16K (6%)

Connecticut $10K (4%)

Michigan $10K (4%)

California $5K (2%)

Illinois $2K (1%)

States

California Connecticut Illinois Michigan New York South Carolina

Cities

BrooklynCharlestonChicagoFlintJohns IslandMount PleasantMt PleasantN CharlestonNorth CharlestonStamfordSummervilleSumpterTarzanaWadmalaw IslandWesportWestport

Financial History

Multi-year comparison from IRS filings

Revenue

Expenses

Qualifying Distributions

Net Investment Income

Metric	2024	2023	2022
Total Assets	$1,327,211	$1,347,736	$1,384,857
Revenue	$65,926	$41,793	$28,000
Expenses	$85,095	$78,352	$61,741
Qualifying Distributions	$69,050	$62,650	$46,075
Net Investment Income	$66,595	$50,248	$36,036
Distributable Amount	$69,593	$66,256	$67,893

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

136 grants across all recorded years

Giving History

Grant recipients and amounts by year

Among its reported 2024 grants, the largest include Addlestone Hebrew Academy ($10,000), Jewish Endowment Foundation ($10,000), Trident Technical College ($6,500).

Recipient	Purpose	Amount
ADDLESTONE HEBREW ACADEMY CHARLESTON, SC	SUPPORT OF EDUCATION	$10,000
AMERICAN LUNG ASSOCIATION CHICAGO, IL	SUPPORT OF COMMUNITY	$1,800
ASSOCIATION FOR THE BLIND CHARLESTON, SC	SUPPORT OF COMMUNITY	$1,500
TRIDENT LITERACY ASSOCIATION N CHARLESTON, SC	SUPPORT OF EDUCATION	$5,000
COLLEGE OF CHARLESTON FRIENDS OF THE LIBRARY CHARLESTON, SC	SUPPORT OF EDUCATION	$1,500
TRIDENT TECHNICAL COLLEGE NORTH CHARLESTON, SC	SUPPORT OF EDUCATION	$6,500
CONGREGATION DOR TIKVAH CHARLESTON, SC	SUPPORT OF JEWISH CHARITIES	$4,100
ANGEL OAK ELEMENTARY SCHOOL JOHNS ISLAND, SC	SUPPORT OF EDUCATION	$700
CAROLINA YOUTH DEVELOPMENT N CHARLESTON, SC	SUPPORT OF EDUCATION	$1,500
COMMUNITY FOUNDATION OF GREATER FLINT FLINT, MI	SUPPORT OF COMMUNITY	$2,000

Leadership & Key People

Officers and directors from IRS filings

Compensation Overview

From 2024 IRS filing

From 2024 filing

Name	Title	Hours	Compensation
MARLENE ADDLESTONE BURSTEN	PRESIDENT	—	—
SUSAN ADDLESTONE	VICE-PRESIDENT	—	—
EDWARD KRONSBERG	SEC/TREAS	1	—

Subject Areas

Focus areas based on grantmaking activity

Education Environment Domesticated animals Human services

Frequently Asked Questions

What is Nathan & Marlene Addlestone Foundation Inc?

Nathan & Marlene Addlestone Foundation Inc is a private foundation focused on Education, based in CHARLESTON, SC. It holds $1.3M in total assets as of 2024.

How large is Nathan & Marlene Addlestone Foundation Inc?

As of 2024, Nathan & Marlene Addlestone Foundation Inc holds $1.3M in total assets with $66K in annual revenue. It awarded 28 grants totaling $70K in 2024.

Where does Nathan & Marlene Addlestone Foundation Inc operate?

Nathan & Marlene Addlestone Foundation Inc has awarded grants in California, Connecticut, Illinois, Michigan, New York, South Carolina.

What size grants does Nathan & Marlene Addlestone Foundation Inc award?

In 2024, Nathan & Marlene Addlestone Foundation Inc awarded 28 grants totaling $70K — an average of about $3K per grant, based on its IRS Form 990 filings.

How much is Nathan & Marlene Addlestone Foundation Inc required to give away each year?

Private foundations must generally distribute about 5% of their assets annually. For 2024, Nathan & Marlene Addlestone Foundation Inc reported a distributable amount of $70K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.

What is Nathan & Marlene Addlestone Foundation Inc's EIN?

Nathan & Marlene Addlestone Foundation Inc's EIN (Employer Identification Number) is 57-0697712. IRS Form 990 filing data is available on this page for 2020–2024.