The Mark Wade Choate III Foundation
The Mark Wade Choate III Foundation is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in PALOS VERDES ESTATES, CA. IRS filing data is available from 2020 through 2023. As of 2023, the organization holds $74K in total assets. In 2023, it awarded 2 grants totaling $20K. Net investment income was $2K.
Financial Overview
From 2023 IRS Form 990-PF · View filing
Total Assets
$74K
-25.0% YoY
Annual Giving
$20K
-20.0% YoY
Grant Count
2
+0.0% YoY
Avg Grant Size
$10K
-20.0% YoY
Under IRS private-foundation payout rules, The Mark Wade Choate III Foundation reported a distributable amount of $7K for 2023 — the minimum it must pay out in qualifying distributions.
About The Mark Wade Choate III Foundation
Based on IRS filings
The Mark Wade Choate III Foundation is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in PALOS VERDES ESTATES, CA. IRS filing data is available from 2020 through 2023. As of 2023, the organization holds $74K in total assets. In 2023, it awarded 2 grants totaling $20K. Net investment income was $2K.
Focus Areas
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Geographic Focus
Where this funder awards grants
Grant Distribution by State
States
Cities
Financial History
Multi-year comparison from IRS filings
| Metric | 2023 | 2022 | 2021 |
|---|---|---|---|
| Total Assets | $73,789 | $98,354 | $119,450 |
| Revenue | $-4,541 | $3,924 | $13,215 |
| Expenses | $20,024 | $25,020 | $24 |
| Qualifying Distributions | $20,024 | $25,000 | — |
| Net Investment Income | $1,872 | $1,605 | $1,455 |
| Distributable Amount | $7,043 | $7,899 | $9,387 |
Giving Over Time
Total grant dollars and number of grants per year
Grant Insights
How this funder distributes its grants
Top Recipients
Top 2 recipients in 2023
Grant Size Distribution
4 grants across all recorded years
Giving History
Grant recipients and amounts by year
Among its reported 2023 grants, the largest include Jeff Jellison ($10,000), RJ Alexander ($10,000).
| Recipient | Purpose | Amount |
|---|---|---|
| Jeff Jellison PV Estates, CA | Scholarship | $10,000 |
| RJ Alexander PVE, CA | scholarship | $10,000 |
Leadership & Key People
Officers and directors from IRS filings
Compensation Overview
From 2023 IRS filing
From 2023 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| Mark Choate | President | — | — |
| Cynthia Jean Choate | Sec Treasure | — | — |
| Courtney Knapp | Director | — | — |
| Kaysie Fitzpatrick | Dirtector | — | — |
| Michael Knapp | Director | — | — |
| Gary Fitzpatrick | Director | — | — |
Subject Areas
Focus areas based on grantmaking activity
Frequently Asked Questions
What is The Mark Wade Choate III Foundation?
The Mark Wade Choate III Foundation is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in PALOS VERDES ESTATES, CA. It holds $74K in total assets as of 2023.
How large is The Mark Wade Choate III Foundation?
As of 2023, The Mark Wade Choate III Foundation holds $74K in total assets with $-4,541 in annual revenue. It awarded 2 grants totaling $20K in 2023.
Where does The Mark Wade Choate III Foundation operate?
The Mark Wade Choate III Foundation has awarded grants in California.
What size grants does The Mark Wade Choate III Foundation award?
In 2023, The Mark Wade Choate III Foundation awarded 2 grants totaling $20K — an average of about $10K per grant, based on its IRS Form 990 filings.
How much is The Mark Wade Choate III Foundation required to give away each year?
Private foundations must generally distribute about 5% of their assets annually. For 2023, The Mark Wade Choate III Foundation reported a distributable amount of $7K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.
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 2020–2023.
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Data last updated April 2026. Sourced from IRS Form 990-PF filings.
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