The Marcotte Family Foundation Inc
The Marcotte Family Foundation Inc is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in ASHEVILLE, NC. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $5.7M in total assets. In 2024, it awarded 15 grants totaling $335K. Net investment income was $361K.
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$5.7M
-1.5% YoY
Annual Giving
$335K
+1.8% YoY
Grant Count
15
-21.1% YoY
Avg Grant Size
$22K
+28.9% YoY
Under IRS private-foundation payout rules, The Marcotte Family Foundation Inc reported a distributable amount of $366K for 2024 — the minimum it must pay out in qualifying distributions.
About The Marcotte Family Foundation Inc
Based on IRS filings
The Marcotte Family Foundation Inc is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in ASHEVILLE, NC. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $5.7M in total assets. In 2024, it awarded 15 grants totaling $335K. Net investment income was $361K.
Focus Areas
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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 | $5,738,075 | $5,825,942 | $5,629,297 |
| Revenue | $399,645 | $537,186 | $245,221 |
| Expenses | $376,383 | $364,819 | $382,061 |
| Qualifying Distributions | $337,019 | $331,163 | $346,314 |
| Net Investment Income | $360,783 | $503,842 | $209,474 |
| Distributable Amount | $366,243 | $332,261 | $335,746 |
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
84 grants across all recorded years
Giving History
Grant recipients and amounts by year
Among its reported 2024 grants, the largest include Ywca of Western North Carolina ($250,000), Toronto International Film Festival ($16,537), Thrive Appalachia ($15,000).
| Recipient | Purpose | Amount |
|---|---|---|
| BLUE RIDGE PUBLIC RADIO (NPR) ASHEVILLE, NC | PROGRAM SERVICES | $2,500 |
| CONSERVATION TRUST OF NORTH CAROLINA RALEIGH, NC | PROGRAM SERVICES | $5,000 |
| DOWN SYNDROME ASSOCIATION OF MINNESOTA SAINT PAUL, MN | PROGRAM SERVICES | $5,150 |
| FOOD CONNECTIONS INC ASHEVILLE, NC | PROGRAM SERVICES - HURRICANE HELENE RELIEF | $10,350 |
| MANNA FOOD BANK ASSHEVILLE, NC | PROGRAM SERVICES - HURRICAN HELENE RELIEF | $5,000 |
| MS SOCIETY OF EASTERN NC RALEIGH, NC | PROGRAM SERVICES | $1,060 |
| NC MUSEUM FOUNDATION INC RALEIGH, NC | PROGRAM SERVICES | $6,000 |
| SOUTHERN APPALACHIAN HIGHLANDS CONSERVANCY ASHEVILLE, NC | PROGRAM SERVICES | $5,000 |
| SOUTHERN ENVIRONMENTAL LAW CENTER CHARLOTTESVILLE, VA | PROGRAM SERVICES | $5,000 |
| TORONTO INTERNATIONAL FILM FESTIVAL | PROGRAM SERVICES | $16,537 |
Leadership & Key People
Officers and directors from IRS filings
Compensation Overview
From 2024 IRS filing
From 2024 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| RICHARD J MARCOTTE | DIRECTOR/PRESIDENT/TREASURER | 2 | — |
| CAROLE E MARCOTTE | DIRECTOR/VP/SECRETARY | 2 | — |
Subject Areas
Focus areas based on grantmaking activity
Frequently Asked Questions
What is The Marcotte Family Foundation Inc?
The Marcotte Family Foundation Inc is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in ASHEVILLE, NC. It holds $5.7M in total assets as of 2024.
How large is The Marcotte Family Foundation Inc?
As of 2024, The Marcotte Family Foundation Inc holds $5.7M in total assets with $400K in annual revenue. It awarded 15 grants totaling $335K in 2024.
Where does The Marcotte Family Foundation Inc operate?
The Marcotte Family Foundation Inc has awarded grants in Illinois, Michigan, Minnesota, North Carolina, New York, Virginia.
What size grants does The Marcotte Family Foundation Inc award?
In 2024, The Marcotte Family Foundation Inc awarded 15 grants totaling $335K — an average of about $22K per grant, based on its IRS Form 990 filings.
How much is The Marcotte Family Foundation Inc required to give away each year?
Private foundations must generally distribute about 5% of their assets annually. For 2024, The Marcotte Family Foundation Inc reported a distributable amount of $366K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.
What is The Marcotte Family Foundation Inc's EIN?
The Marcotte Family Foundation Inc's EIN (Employer Identification Number) is 47-5643080. IRS Form 990 filing data is available on this page for 2020–2024.
Explore Open Grants
Browse active grant opportunities in The Marcotte Family Foundation Inc's focus areas in our free grants database
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Data last updated April 2026. Sourced from IRS Form 990-PF filings.
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