The Mark Wade Choate III Foundation
The Mark Wade Choate III Foundation is a private foundation, based in Palos Verdes Estates, CA. IRS filing data is available from 2020 through 2025. As of 2025, the organization holds $118K in total assets. In 2025, it awarded 1 grant totaling $10K. Net investment income was $2K.
Key facts about The Mark Wade Choate III Foundation
In short: The Mark Wade Choate III Foundation gave $10K across 1 grant in 2025 (avg $10K), mostly in California. Source: 2025 IRS Form 990-PF.
- EIN
- 33-0877196
- Latest 990 filing
- Form 990-PF, 2025
- Annual giving (2025)
- $10,000
- Grants made (2025)
- 1
- Average grant
- $10,000
- Median grant
- $10,000
- Total assets
- $117,559
- Primary geography
- California (100% of itemized 2025 grant dollars)
Data from IRS Form 990-PF, 2025; updated September 2026.
Financial Overview
From 2025 IRS Form 990-PF · View filing
Total Assets
$118K
+32.9% YoY
Annual Giving
$10K
+0.0% YoY
Grant Count
1
+0.0% YoY
Avg Grant Size
$10K
+0.0% YoY
Under IRS private-foundation payout rules, The Mark Wade Choate III Foundation reported a distributable amount of $8K for 2025 — the minimum it must pay out in qualifying distributions.
How The Mark Wade Choate III Foundation gives
- Giving fell 60% from 2022 to 2025. Method
- In 2025 it paid out 119% of its IRS minimum distribution (the 5% rule). Method
From the foundation's IRS Form 990-PF filings. Methodology.
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Geographic Focus
Where this funder awards grants
Grant Distribution by State
Share of the 2025 grant dollars on its one itemized grant.
States
Cities
Giving Over Time
Total grant dollars and number of grants per year
From 2022 to 2025, annual grant giving ranged from $10K (2024) to $25K (2022). In 2025 it made 1 grant totaling $10K.
Grant Insights
How this funder distributes its grants
Grant Size Distribution
6 grants across all recorded years
The most common grant size was under $50K: 6 grants of 6 (100%).
Giving History
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| 1 individual scholarship Recipients not named | — | $10,000 |
Financial History
Multi-year comparison from IRS filings
| Metric | 2025 | 2024 | 2023 |
|---|---|---|---|
| Total Assets | $117,559 | $88,449 | $73,789 |
| Revenue | $39,135 | $24,715 | $-4,541 |
| Expenses | $10,025 | $10,055 | $20,024 |
| Qualifying Distributions | $10,025 | $10,055 | $20,024 |
| Net Investment Income | $2,347 | $2,019 | $1,872 |
| Distributable Amount | $8,426 | $8,300 | $7,043 |
Data update history
When this profile's IRS filing data changed on Grantable
- Added Form 990-PF for fiscal year 2024 (received by the IRS April 27, 2026)
- Updated Form 990-PF for fiscal year 2020 (received by the IRS May 3, 2021)
- Updated Form 990-PF for fiscal year 2021 (received by the IRS April 22, 2022)
- Updated Form 990-PF for fiscal year 2022 (received by the IRS November 2, 2023)
- Updated Form 990-PF for fiscal year 2023 (received by the IRS December 13, 2024)
- Added Form 990-PF for fiscal year 2025 (received by the IRS April 27, 2026)
- IRS filings on file for fiscal years 2020–2023
Leadership & Key People
Officers and directors from IRS filings
The Mark Wade Choate III Foundation is led by Mark Choate, President on every filing since 2020; none of the 6 officers listed in 2025 report compensation.
Officers on the 2025 filing
Mark Choate
President
On filings since 2020
No compensation reported
Courtney L Knapp
Director
On filings since 2020
No compensation reported
Gary Fitzpatrick
Director
On filings since 2020
No compensation reported
Kaysie Fitzpatrick
Director
Director → Dirtector, 2022
Dirtector → Director, 2024
On filings since 2020
No compensation reported
Michael Knapp
Director
On filings since 2020
No compensation reported
Cynthia Jean Choate
Secretary Treasurer
Secretary Treasurer → Secretary & Treasurer, 2024
Secretary & Treasurer → Secretary Treasurer, 2025
On filings since 2020
No compensation reported
Data from IRS Form 990 filings, 2020–2025. "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 Wade Choate III Foundation
How much does The Mark Wade Choate III Foundation give each year?
The Mark Wade Choate III Foundation gave $10K across 1 grant in 2025, according to its 2025 IRS Form 990-PF. In 2024 it gave $10K across 1 grant.
How large is The Mark Wade Choate III Foundation?
The Mark Wade Choate III Foundation reported $118K in total assets on its 2025 IRS Form 990-PF. It paid out $10K in qualifying distributions that year, against a required minimum of $8K (roughly 5% of its investment assets).
Where does The Mark Wade Choate III Foundation operate?
The Mark Wade Choate III Foundation has awarded grants in California.
What is The Mark Wade Choate III Foundation's EIN?
The Mark Wade Choate III Foundation's EIN (Employer Identification Number) is 33-0877196. IRS Form 990 filing data is available on this page for 2020–2025.
Data last updated September 2026. Sourced from IRS Form 990-PF filings.
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