The Mark & Mary Freitas Foundation Inc
The Mark & Mary Freitas Foundation Inc is a private foundation based in Palm Beach, Florida. Its 2023 filing reports 12 grants totaling $49,978 to charitable organizations, including organizations working in disability inclusion, higher education, community services, and women’s programs.
Key facts about The Mark & Mary Freitas Foundation Inc
- EIN
- 20-3920000
- Latest 990 filing
- Form 990-PF, 2024
- Total assets
- $14,478
- Accepts unsolicited proposals
- No
- How to apply
- The foundation does not accept unsolicited requests for funds; it states that it makes contributions only to preselected charitable organizations. Full details ↓
Data from IRS Form 990-PF, 2024; updated October 2026. New grantees are estimated by matching recipient names across years (methodology). Application details from Grantable's research on the foundation's public materials; confirm on its website before applying.
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$14K
+9.3% YoY
Revenue
$1K
-97.6% YoY
Net Investment Income
$1K
+890.4% YoY
Expenses
$2
-100.0% YoY
Under IRS private-foundation payout rules, The Mark & Mary Freitas Foundation Inc reported a distributable amount of $769 for 2024 — the minimum it must pay out in qualifying distributions.
Is The Mark & Mary Freitas Foundation Inc open to new grantees?
58%
first-time grantees, 2023
In 2023, 7 of 12 grantees (58%) were first-time recipients. With only 12 grantees, that is a small sample: one grantee more or less moves the share by about 8 points. First grants averaged $4K; repeat grants $4K. How we count
Medians: $5K first-time, $5K repeat.
- 33% of 2023 grantees were also funded in 2022. Method
- Giving grew 102% from 2020 to 2023. Method
- In 2023 it paid out well above its IRS minimum distribution (the 5% rule). Method
Estimate from itemized grant lists in IRS Form 990-PF filings (2020–2023). Recipient names are matched across years, so a renamed or misspelled grantee can look new; grants to individuals are left out. Methodology.
Mission & Focus Areas
No mission statement for the foundation is provided. Its reported 2023 grantees include Best Buddies International, which describes its mission as creating opportunities for people with intellectual and developmental disabilities through one-to-one friendships, integrated employment, and leadership development. Palm Beach Atlantic University describes its mission as equipping students to grow in wisdom, lead with conviction, and serve God boldly. The Town of Palm Beach United Way describes its work as building a healthy community by investing in education, income, and health. Kappa Kappa Gamma Foundation describes its mission as funding programs to meet the evolving needs of women.
Grantmaking
In 2023, the foundation made 12 grants totaling $49,978, an average of about $4,165 per grant. Reported grants included $7,500 to Best Buddies International, $5,000 to Palm Beach Atlantic University, $640 to the Town of Palm Beach United Way, and $250 to Kappa Kappa Gamma Foundation. The foundation reported seven grants totaling $36,750 in 2022 and no grants in 2024.
How to Apply
The foundation does not accept unsolicited requests for funds; it states that it makes contributions only to preselected charitable organizations.
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Geographic Focus
Where this funder awards grants
Reported 2023 grantees were based in Miami, West Palm Beach, and Palm Beach, Florida, and Dublin, Ohio.
Grant Distribution by State
Cities
Giving Over Time
Total grant dollars and number of grants per year
From 2020 to 2023, annual grant giving ranged from $25K (2020) to $90K (2021). In 2023 it made 12 grants totaling $50K.
Grant Insights
How this funder distributes its grants
Grant Size Distribution
30 grants across all recorded years
The most common grant size was under $50K: 29 grants of 30 (97%).
Giving History
Grant recipients and amounts by year
No grants recorded for 2024.
Financial History
Multi-year comparison from IRS filings
| Filing year | Assets | Revenue | Expenses | Grants |
|---|---|---|---|---|
| 2024 | $14,478 | $1,238 | $2 | 0 |
| 2023 | $13,243 | $50,533 | $49,991 | $49,978; 12 grants |
| 2022 | $12,702 | $37,069 | $36,837 | $36,750; 7 grants |
| Metric | 2024 | 2023 | 2022 |
|---|---|---|---|
| Total Assets | $14,478 | $13,243 | $12,702 |
| Revenue | $1,238 | $50,533 | $37,069 |
| Expenses | $2 | $49,991 | $36,837 |
| Qualifying Distributions | — | $49,978 | $36,800 |
| Net Investment Income | $1,238 | $125 | $914 |
| Distributable Amount | $769 | $696 | $700 |
Data update history
When this profile's IRS filing data changed on Grantable
- IRS filings on file for fiscal years 2020–2024
Leadership & Key People
Leadership team and compensation from IRS filings
The 2024 filing lists Mark E Freitas as president, Mary Fairbanks Freitas as secretary, and Anthony J Cernera and Paul J Pisano as directors.
The Mark & Mary Freitas Foundation Inc is led by Mark E. Freitas, President on every filing since 2020; none of the 4 officers listed in 2024 report compensation.
Officers on the 2024 filing
Mark E. Freitas
President
On filings since 2020
10 hrs/week
No compensation reported
Anthony J. Cernera
Director
On filings since 2020
10 hrs/week
No compensation reported
Paul J. Pisano
Director
On filings since 2020
10 hrs/week
No compensation reported
Mary Fairbanks Freitas
Secretary
On filings since 2020
10 hrs/week
No compensation reported
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.
Contact
Mailing address: 400 Royal Palm Way 214, Palm Beach, FL 33480
Phone: (212) 997-0600
Website: https://freitasfoundation.org
Frequently asked questions about The Mark & Mary Freitas Foundation Inc
How large is The Mark & Mary Freitas Foundation Inc?
The Mark & Mary Freitas Foundation Inc reported $14K in total assets on its 2024 IRS Form 990-PF. Its revenue that year was $1K.
What does The Mark & Mary Freitas Foundation Inc fund?
No mission statement for the foundation is provided. See mission & focus areas ↑
How do I apply for a grant from The Mark & Mary Freitas Foundation Inc?
The foundation does not accept unsolicited requests for funds; it states that it makes contributions only to preselected charitable organizations. Eligibility and process details are in the grantmaking section of this profile. See how to apply ↑
Where does The Mark & Mary Freitas Foundation Inc make grants?
Reported 2023 grantees were based in Miami, West Palm Beach, and Palm Beach, Florida, and Dublin, Ohio.
How much is The Mark & Mary Freitas Foundation Inc required to give away each year?
Private foundations must generally distribute about 5% of their assets annually. For 2024, The Mark & Mary Freitas Foundation Inc reported a distributable amount of $769 on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.
What is The Mark & Mary Freitas Foundation Inc's EIN?
The Mark & Mary Freitas Foundation Inc's EIN (Employer Identification Number) is 20-3920000. IRS Form 990 filing data is available on this page for 2020–2024.
Does The Mark & Mary Freitas Foundation Inc 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.
Here's the math on researching The Mark & Mary Freitas Foundation Inc by hand.
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