The Mark and Nancy
The Mark and Nancy is a private foundation, based in Alpine, UT. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $1.4M in total assets. In 2024, it awarded 6 grants totaling $27K. Net investment income was $13K.
The Mark and Nancy at a glance
In short: The Mark and Nancy gave $27K across 6 grants in 2024 (avg $4K), mostly in Utah. Source: 2024 IRS Form 990-PF.
- Annual giving (2024)
- $26,931
- +122.6% vs 2023
- Grants made (2024)
- 6
- +100.0% vs 2023
- Average grant
- $4,489
- +11.3% vs 2023
- Median grant
- $3,500
- Total assets
- $1,368,727
- -1.2% vs 2023
- Primary geography
- Utah (100% of itemized 2024 grant dollars)
- Latest 990 filing
- Form 990-PF, 2024 View filing
Data from IRS Form 990-PF, 2024; updated September 2026.
Who The Mark and Nancy funds
How this funder distributes its grants
Top Recipients
Top 5 recipients in 2024
The largest 2024 recipient was Melissa McClellan ($7K). Together the top 5 received $17K.
Grant Size Distribution
26 grants across all recorded years
The most common grant size was under $50K: 26 grants of 26 (100%).
Geographic Focus
Where this funder awards grants
Grant Distribution by State
Share of 2024 grant dollars across all 6 itemized grants.
Cities
How The Mark and Nancy gives
- Giving fell 42% from 2021 to 2024. Method
- In 2024 it paid out 41% 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 $12K (2023) to $46K (2021). In 2024 it made 6 grants totaling $27K.
Grants by year
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| Various Charities Alpine, UT | Donations | $10,113 |
| Melissa McClellan Alpine, UT | Donations | $7,000 |
| Milestone Home Salt Lake City, UT | Donations | $4,500 |
| LDS Philanthropies Provo, UT | Donations | $2,500 |
| Light the World Salt Lake City, UT | Donations | $2,318 |
| CAS Romano Alpine, UT | Donations | $500 |
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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 | $1,368,727 | $18,816 | $35,346 | $26,931 | 6 | $26,931 | $12,810 | $65,593 |
| 2023 | $1,385,257 | $78,892 | $34,142 | $12,100 | 3 | $12,100 | $67,933 | $63,029 |
| 2022 | $1,340,507 | $28,956 | $49,232 | $32,763 | 6 | $32,763 | $11,179 | $64,661 |
| 2021 | $1,360,783 | $67,183 | $84,322 | $46,307 | 7 | $46,307 | $35,725 | $65,049 |
| 2020 | $1,377,922 | $117,798 | $44,604 | $14,807 | 4 | — | $82,962 | $65,607 |
Under IRS private-foundation payout rules, The Mark and Nancy reported a distributable amount of $66K for 2024 — the minimum it must pay out in qualifying distributions.
Leadership & Key People
Officers and directors from IRS filings
The Mark and Nancy is led by Jeff Peterson, Chairman on every filing since 2020 — the only officer listed, and uncompensated.
Officers on the 2024 filing
Jeff Peterson
Chairman
On filings since 2020
1 hr/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.
Frequently asked questions about The Mark and Nancy
How much does The Mark and Nancy give each year?
The Mark and Nancy gave $27K across 6 grants in 2024, according to its 2024 IRS Form 990-PF. In 2023 it gave $12K across 3 grants.
What is The Mark and Nancy's typical grant size?
The Mark and Nancy's median grant in 2024 was $3,500, and its average grant was $4,489, across 6 grants on its 2024 IRS Form 990-PF.
Where does The Mark and Nancy give grants?
The Mark and Nancy gives mostly in Utah: 100% of the grant dollars itemized on its 2024 IRS Form 990-PF went to recipients there. The most frequent recipient cities were Alpine, UT (3 grants) and Salt Lake City, UT (2 grants).
Does The Mark and Nancy give general operating support?
Not in 2024: none of the 6 grants with a stated purpose on The Mark and Nancy's 2024 IRS Form 990-PF were described as general or operating support. Recurring purposes include "Donations" (6 grants).
Who are The Mark and Nancy's largest grantees?
The Mark and Nancy's largest 2024 grantees include Melissa McClellan ($7,000), Milestone Home ($4,500) and LDS Philanthropies ($2,500), according to its 2024 IRS Form 990-PF. Together they received 52% of its itemized 2024 grant dollars.
How large is The Mark and Nancy?
The Mark and Nancy reported $1.4M in total assets on its 2024 IRS Form 990-PF. It paid out $27K in qualifying distributions that year, against a required minimum of $66K (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 is The Mark and Nancy's EIN?
The Mark and Nancy's EIN (Employer Identification Number) is 80-1005721. IRS Form 990 filing data is available on this page for 2020–2024.
Data last updated September 2026. Sourced from IRS Form 990-PF filings.
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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