The Marshall Heritage Foundation
The Marshall Heritage Foundation is a private foundation, based in Metairie, LA. IRS filing data is available from 2021 through 2025. As of 2025, the organization holds $26.9M in total assets. In 2025, it awarded 5 grants totaling $4.0M. Net investment income was $3.5M.
The Marshall Heritage Foundation at a glance
In short: The Marshall Heritage Foundation gave $4.0M across 5 grants in 2025 (avg $807K), mostly in Texas. Source: 2025 IRS Form 990-PF.
- Annual giving (2025)
- $4,037,400
- +42.0% vs 2024
- Grants made (2025)
- 5
- +25.0% vs 2024
- Average grant
- $807,480
- +13.6% vs 2024
- Median grant
- $1,000,000
- Total assets
- $26,908,637
- +27.7% vs 2024
- Primary geography
- Texas (56% of itemized 2025 grant dollars)
- Latest 990 filing
- Form 990-PF, 2025 View filing
Data from IRS Form 990-PF, 2025; updated September 2026.
Who The Marshall Heritage Foundation funds
How this funder distributes its grants
Top Recipients
Top 5 recipients in 2025
The largest 2025 recipient was Texas Public Policy Foundation ($1.3M). Together the top 5 received $4.0M.
Grant Size Distribution
28 grants across all recorded years
The most common grant size was in the $1–5M range: 10 grants of 28 (36%).
Geographic Focus
Where this funder awards grants
Grant Distribution by State
Share of 2025 grant dollars across all 5 itemized grants.
Cities
How The Marshall Heritage Foundation gives
- Giving fell 41% from 2022 to 2025. Method
- In 2025 it paid out 562% of its IRS minimum distribution (the 5% rule). 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 2021 to 2025, annual grant giving ranged from $2.8M (2024) to $6.9M (2022). In 2025 it made 5 grants totaling $4.0M.
Grants by year
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| Texas Public Policy Foundation Austin, TX | Education Initiative | $1,250,000 |
| Greenhill School Addison, TX | Building Community Campaign | $1,000,000 |
| Tulane University New Orleans, LA | Hutchinson Memorial Building | $1,000,000 |
| The Brunstad Foundation for the ADV New Haven, CT | Research, Lecturing & Education | $400,000 |
| Muscular Dystrophy Association Chicago, IL | Spinal Muscular Atrophy Research | $387,400 |
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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 |
|---|---|---|---|---|---|---|---|---|
| 2025 | $26,908,637 | $9,882,671 | $4,312,222 | $4,037,400 | 5 | $4,987,400 | $3,500,636 | $887,195 |
| 2024 | $21,074,265 | $4,160,409 | $3,289,578 | $2,844,000 | 4 | $3,794,000 | $834,496 | $906,990 |
| 2023 | $19,779,532 | $7,920,150 | $3,372,880 | $3,335,000 | 6 | $3,335,000 | $309,639 | $807,195 |
| 2022 | $15,210,686 | $21,134,216 | $6,967,065 | $6,862,500 | 5 | $6,862,500 | $6,670 | $497,578 |
| 2021 | $2,546,054 | $4,758,741 | $3,944,203 | $3,920,411 | 8 | — | $317 | $15,465 |
Under IRS private-foundation payout rules, The Marshall Heritage Foundation reported a distributable amount of $887K for 2025 — the minimum it must pay out in qualifying distributions.
Leadership & Key People
Officers and directors from IRS filings
The Marshall Heritage Foundation's 2025 filing lists 3 officers; none of the 3 officers listed in 2025 report compensation.
Officers on the 2025 filing
E. Pierce Marshall Jr.
Co-Trustee
Co-Trustee → Trustee, 2022
Trustee → Co-Trustee, 2023
On filings since 2021
2 hrs/week
No compensation reported
Elaine T. Marshall
Co-Trustee
Co-Trustee → Trustee, 2022
Trustee → Co-Trustee, 2023
On filings since 2021
1 hr/week
No compensation reported
Stephen D. Cook
Co-Trustee
Co-Trustee → Trustee, 2022
Trustee → Co-Trustee, 2023
On filings since 2021
1 hr/week
No compensation reported
Data from IRS Form 990 filings, 2021–2025. "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 Marshall Heritage Foundation
How much does The Marshall Heritage Foundation give each year?
The Marshall Heritage Foundation gave $4.0M across 5 grants in 2025, according to its 2025 IRS Form 990-PF. In 2024 it gave $2.8M across 4 grants.
What is The Marshall Heritage Foundation's typical grant size?
The Marshall Heritage Foundation's median grant in 2025 was $1,000,000, and its average grant was $807,480, across 5 grants on its 2025 IRS Form 990-PF.
Where does The Marshall Heritage Foundation give grants?
The Marshall Heritage Foundation gives mostly in Texas: 56% of the grant dollars itemized on its 2025 IRS Form 990-PF went to recipients there. The next largest states were Louisiana (25%) and Connecticut (10%).
Does The Marshall Heritage Foundation give general operating support?
Not in 2025: none of the 5 grants with a stated purpose on The Marshall Heritage Foundation's 2025 IRS Form 990-PF were described as general or operating support.
Who are The Marshall Heritage Foundation's largest grantees?
The Marshall Heritage Foundation's largest 2025 grantees include Texas Public Policy Foundation ($1,250,000), Greenhill School ($1,000,000) and Tulane University ($1,000,000), according to its 2025 IRS Form 990-PF. Together they received 80% of its itemized 2025 grant dollars.
How large is The Marshall Heritage Foundation?
The Marshall Heritage Foundation reported $26.9M in total assets on its 2025 IRS Form 990-PF. It paid out $5.0M in qualifying distributions that year, against a required minimum of $887K (roughly 5% of its investment assets).
What is The Marshall Heritage Foundation's EIN?
The Marshall Heritage Foundation's EIN (Employer Identification Number) is 46-7293385. IRS Form 990 filing data is available on this page for 2021–2025.
Data last updated September 2026. Sourced from IRS Form 990-PF filings.
Data update history
(6)
When this profile's IRS filing data changed on Grantable
- Updated Form 990-PF for fiscal year 2021 (received by the IRS March 21, 2022)
- Updated Form 990-PF for fiscal year 2022 (received by the IRS March 8, 2023)
- Updated Form 990-PF for fiscal year 2023 (received by the IRS March 6, 2024)
- Updated Form 990-PF for fiscal year 2024 (received by the IRS March 13, 2025)
- Updated Form 990-PF for fiscal year 2025 (received by the IRS March 5, 2026)
- IRS filings on file for fiscal years 2021–2025
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