The Mark & Mary Freitas Foundation Inc

PALM BEACH, FL EIN: 20-3920000

The Mark & Mary Freitas Foundation Inc is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in PALM BEACH, FL. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $14K in total assets. Net investment income was $1K.

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

-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.

About The Mark & Mary Freitas Foundation Inc

Based on IRS filings

Focus Areas

Philanthropy, Voluntarism & Grantmaking

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Geographic Focus

Where this funder awards grants

Grant Distribution by State

Florida $171K (85%)

District of Columbia $23K (11%)

Connecticut $7K (3%)

Ohio $250 (0%)

States

Connecticut District of Columbia Florida Ohio

Cities

Boca RatonDublinGreenwichMiamiPalm BeachStorrsWashingtonWest Palm Beach

Financial History

Multi-year comparison from IRS filings

Revenue

Expenses

Qualifying Distributions

Net Investment Income

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

Giving Over Time

Total grant dollars and number of grants per year

Grant Insights

How this funder distributes its grants

Top Recipients

Top 0 recipients in 2024

Grant Size Distribution

30 grants across all recorded years

Giving History

Grant recipients and amounts by year

No grants recorded for 2024.

Leadership & Key People

Officers and directors from IRS filings

Compensation Overview

From 2024 IRS filing

From 2024 filing

Name	Title	Hours	Compensation
MARK E FREITAS	PRESIDENT	10	—
MARY FAIRBANKS FREITAS	SECRETARY	10	—
ANTHONY J CERNERA	DIRECTOR	10	—
PAUL J PISANO	DIRECTOR	10	—

Subject Areas

Focus areas based on grantmaking activity

Philanthropy, Voluntarism & Grantmaking

Frequently Asked Questions

What is The Mark & Mary Freitas Foundation Inc?

The Mark & Mary Freitas Foundation Inc is a nonprofit organization focused on Philanthropy, Voluntarism & Grantmaking, based in PALM BEACH, FL. It holds $14K in total assets as of 2024.

How large is The Mark & Mary Freitas Foundation Inc?

As of 2024, The Mark & Mary Freitas Foundation Inc holds $14K in total assets with $1K in annual revenue.

Where does The Mark & Mary Freitas Foundation Inc operate?

The Mark & Mary Freitas Foundation Inc has awarded grants in Connecticut, District of Columbia, Florida, 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.