The Mark & Carol Hyman Fund
The Mark & Carol Hyman Fund is a private foundation based in Chevy Chase, Maryland. In 2024, it gave $47,000 through four grants to organizations in Washington, DC, and Maryland, including arts institutions and an organization receiving support for scholarships.
The Mark & Carol Hyman Fund at a glance
In short: The Mark & Carol Hyman Fund gave $47K across 4 grants in 2024 (avg $12K), mostly in District of Columbia. Source: 2024 IRS Form 990-PF.
- Annual giving (2024)
- $47,000
- -53.0% vs 2023
- Grants made (2024)
- 4
- -33.3% vs 2023
- Average grant
- $11,750
- -29.6% vs 2023
- Median grant
- $11,000
- Total assets
- $1,210,734
- -0.5% vs 2023
- Primary geography
- District of Columbia (79% of itemized 2024 grant dollars)
- Latest 990 filing
- Form 990-PF, 2024 View filing
Data from IRS Form 990-PF, 2024; updated October 2026.
How to apply to The Mark & Carol Hyman Fund
- Accepts unsolicited proposals
- No
- How to Apply
-
The fund does not accept unsolicited requests for funds and makes contributions only to preselected charitable organizations.
- Contact
Mailing address: 5630 Wisconsin Ave, Chevy Chase, MD 20815
Phone: (301) 986-1969
Application details from Grantable's research on the foundation's public materials; confirm on its website before applying.
Who The Mark & Carol Hyman Fund funds
How this funder distributes its grants
Top Recipients
Top 4 recipients in 2024
The largest 2024 recipient was American Task Force for Lebanon ($15K). Together the top 4 received $47K.
Grant Size Distribution
41 grants across all recorded years
The most common grant size was under $50K: 35 grants of 41 (85%).
Geographic Focus
Where this funder awards grants
In 2024, 79% of grant dollars went to recipients in Washington, DC, and 21% went to recipients in Maryland.
Grant Distribution by State
Share of 2024 grant dollars across all 4 itemized grants.
States
Cities
How The Mark & Carol Hyman Fund gives
- Giving fell 69% from 2021 to 2024. Method
- In 2024 it paid out 68% 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 $47K (2024) to $1.9M (2020). In 2024 it made 4 grants totaling $47K.
Grants by year
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| American Task Force for Lebanon Washington, DC | Contribution for Scholarships | $15,000 |
| Shakespeare Theatre Washington, DC | EXEMPT | $11,000 |
| The Phillips Collection Washington, DC | EXEMPT | $11,000 |
| National Gallery of Art Landover, MD | EXEMPT | $10,000 |
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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 | $1,210,734 | $48,086 | $69,901 | $47,000 | 4 | $47,000 | $26,020 | $69,492 |
| 2023 | $1,216,315 | $68,595 | $119,354 | $100,100 | 6 | $100,100 | $49,522 | $64,430 |
| 2022 | $1,266,808 | $77,974 | $142,692 | $130,000 | 9 | $130,000 | $53,387 | $68,948 |
| 2021 | $1,331,526 | $89,664 | $165,055 | $150,650 | 7 | $150,650 | $80,539 | $84,312 |
| 2020 | $1,406,917 | $-147,363 | $1,953,044 | $1,928,324 | 15 | — | $26,242 | $138,514 |
Under IRS private-foundation payout rules, The Mark & Carol Hyman Fund reported a distributable amount of $69K for 2024 — the minimum it must pay out in qualifying distributions.
Research compiled by Grantable AI from public sources. Last updated September 2026.
Mission & Focus Areas
The fund’s mission is not stated in the available information. Its 2024 grants included support for scholarships and for cultural organizations. The Phillips Collection describes its work as presenting modern and contemporary art and maintaining educational, academic, and public programs. The National Gallery of Art says it welcomes people to explore and experience art, creativity, and shared humanity.
Grantmaking
In 2024, the fund awarded four grants totaling $47,000. Grants ranged from $10,000 to $15,000, with a median of $11,000. Recipients included the American Task Force for Lebanon ($15,000 for scholarships), the Shakespeare Theatre ($11,000), The Phillips Collection ($11,000), and the National Gallery of Art ($10,000).
Leadership & Key People
Leadership team and compensation from IRS filings
The 2024 filing lists Susan Hyman Besharov and Douglas J. Besharov as trustees.
The Mark & Carol Hyman Fund's 2024 filing lists 2 officers; none of the 2 officers listed in 2024 report compensation.
Officers on the 2024 filing
Douglas J. Besharov
Trustee
On filings since 2020
3 hrs/week
No compensation reported
Susan Hyman Besharov
Trustee
On filings since 2020
3 hrs/week
No compensation reported
Former officers (2)
- Former: Katherine Hyman Cook Res (2020) — Trustee
- Former: Willard T. Cook Res (2020) — Trustee
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 The Mark & Carol Hyman Fund
How much does The Mark & Carol Hyman Fund give each year?
The Mark & Carol Hyman Fund gave $47K across 4 grants in 2024, according to its 2024 IRS Form 990-PF. In 2023 it gave $100K across 6 grants.
What is The Mark & Carol Hyman Fund's typical grant size?
The Mark & Carol Hyman Fund's median grant in 2024 was $11,000, and its average grant was $11,750, across 4 grants on its 2024 IRS Form 990-PF.
Where does The Mark & Carol Hyman Fund give grants?
The Mark & Carol Hyman Fund gives mostly in District of Columbia: 79% of the grant dollars itemized on its 2024 IRS Form 990-PF went to recipients there. The next largest state was Maryland (21%). The most frequent recipient cities were Washington, DC (3 grants).
How large is The Mark & Carol Hyman Fund?
The Mark & Carol Hyman Fund reported $1.2M in total assets on its 2024 IRS Form 990-PF. It paid out $47K in qualifying distributions that year, against a required minimum of $69K (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 does The Mark & Carol Hyman Fund fund?
The fund’s mission is not stated in the available information. Its 2024 grants included support for scholarships and for cultural organizations. The Phillips Collection describes its work as presenting modern and contemporary art and maintaining educational, academic, and public programs. See mission & focus areas ↑
How do I apply for a grant from The Mark & Carol Hyman Fund?
The fund does not accept unsolicited requests for funds and makes contributions only to preselected charitable organizations. Eligibility and process details are in the grantmaking section of this profile. See how to apply ↑
What is The Mark & Carol Hyman Fund's EIN?
The Mark & Carol Hyman Fund's EIN (Employer Identification Number) is 04-6677395. IRS Form 990 filing data is available on this page for 2020–2024.
Does The Mark & Carol Hyman Fund accept unsolicited proposals?
No, according to Grantable's research on the foundation's published guidelines. See how to apply ↑
Data last updated October 2026. Sourced from IRS Form 990-PF filings. Research dossier generated September 2026.
Data update history
(1)
When this profile's IRS filing data changed on Grantable
- IRS filings on file for fiscal years 2020–2024
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