Nathan & Marlene Addlestone Foundation Inc
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
28
-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
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.
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Geographic Focus
Where this funder awards grants
Grant Distribution by State
Cities
Financial History
Multi-year comparison from IRS filings
| 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
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.
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Data last updated April 2026. Sourced from IRS Form 990-PF filings.
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