The Mark & Carol Hyman Fund
The Mark and Carol Hyman Fund is a private foundation established in 1991 and based in Chevy Chase, Maryland. As a 501(c)(3) organization, it operates as a grantmaking foundation with no employees.
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$1.2M
-0.5% YoY
Annual Giving
$47K
-53.0% YoY
Grant Count
4
-33.3% YoY
Avg Grant Size
$12K
-29.6% YoY
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.
Grantmaking
The foundation makes grants across multiple focus areas including education, philanthropy, voluntarism, and human services. Recent grants have supported:
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Geographic Focus
Where this funder awards grants
The foundation's grantmaking priorities are primarily concentrated in the District of Columbia and Maryland.
Grant Distribution by State
States
Cities
Financial History
Multi-year comparison from IRS filings
As of December 31, 2024:
- Total assets: $1,210,734
- Total revenues: $48,086
- Total expenses: $69,901
- Total giving: $47,000
- Investment income and dividends: $26,116
- Net gain from sale of non-inventory assets: $19,301
The foundation's revenue is generated primarily through investment income and capital gains rather than contributions.
| Metric | 2024 | 2023 | 2022 |
|---|---|---|---|
| Total Assets | $1,210,734 | $1,216,315 | $1,266,808 |
| Revenue | $48,086 | $68,595 | $77,974 |
| Expenses | $69,901 | $119,354 | $142,692 |
| Qualifying Distributions | $47,000 | $100,100 | $130,000 |
| Net Investment Income | $26,020 | $49,522 | $53,387 |
| Distributable Amount | $69,492 | $64,430 | $68,948 |
Giving Over Time
Total grant dollars and number of grants per year
Grant Insights
How this funder distributes its grants
Top Recipients
Top 4 recipients in 2024
Grant Size Distribution
41 grants across all recorded years
Giving History
Grant recipients and amounts by year
Among its reported 2024 grants, the largest include American Task Force for Lebanon ($15,000), Shakespeare Theatre ($11,000), The Phillips Collection ($11,000).
| Recipient | Purpose | Amount |
|---|---|---|
| AMERICAN TASK FORCE FOR LEBANON WASHINGTON, DC | CONTRIBUTION FOR SCHOLARSHIPS | $15,000 |
| NATIONAL GALLERY OF ART LANDOVER, MD | EXEMPT | $10,000 |
| SHAKESPEARE THEATRE WASHINGTON, DC | EXEMPT | $11,000 |
| THE PHILLIPS COLLECTION WASHINGTON, DC | EXEMPT | $11,000 |
Leadership & Key People
Officers and directors from IRS filings
Compensation Overview
From 2024 IRS filing
From 2024 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| SUSAN HYMAN BESHAROV | TRUSTEE | 3 | — |
| DOUGLAS J BESHAROV | TRUSTEE | 3 | — |
Frequently Asked Questions
How do I apply for a grant from The Mark & Carol Hyman Fund?
The foundation makes grants across multiple focus areas including education, philanthropy, voluntarism, and human services. Recent grants have supported: • American Task Force on Lebanon ($15,000 in 2024 for scholarships) • The Phillips Collection ($11,000 in 2024) • The Shakespeare Theatre Company ($11,000 in 2024) Typical grant awards range from $100 to $75,000.
Where does The Mark & Carol Hyman Fund make grants?
The foundation's grantmaking priorities are primarily concentrated in the District of Columbia and Maryland.
What size grants does The Mark & Carol Hyman Fund award?
In 2024, The Mark & Carol Hyman Fund awarded 4 grants totaling $47K — an average of about $12K per grant, based on its IRS Form 990 filings.
How much is The Mark & Carol Hyman Fund required to give away each year?
Private foundations must generally distribute about 5% of their assets annually. For 2024, The Mark & Carol Hyman Fund reported a distributable amount of $69K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.
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.
Explore Open Grants
Browse active grant opportunities in The Mark & Carol Hyman Fund's focus areas in our free grants database
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Data last updated June 2026. Sourced from IRS Form 990-PF filings. Research dossier generated April 2026.
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