The Matthew Marks Charitable Trust
The Matthew Marks Charitable Trust is a private foundation based in New York, NY. Its 2024 filing reports grants to charitable organizations including arts institutions, a college, conservation organizations, and advocacy organizations.
The Matthew Marks Charitable Trust at a glance
In short: The Matthew Marks Charitable Trust gave $244K across 33 grants in 2024 (avg $7K), mostly in New York. 3% of 2024 grantees were new. Source: 2024 IRS Form 990-PF.
- Annual giving (2024)
- $243,600
- -27.7% vs 2023
- Grants made (2024)
- 33
- -25.0% vs 2023
- Average grant
- $7,382
- -3.6% vs 2023
- Median grant
- $3,500
- Total assets
- $2,865,810
- +0.8% vs 2023
- New grantees (estimate)
- 3% first-time grantees (1 of 33, 2024)
- Primary geography
- New York (85% of itemized 2024 grant dollars)
- Latest 990 filing
- Form 990-PF, 2024 View filing
Data from IRS Form 990-PF, 2024; updated October 2026. New grantees are estimated by matching recipient names across years (methodology).
How to apply to The Matthew Marks Charitable Trust
- Accepts unsolicited proposals
- No
- How to Apply
-
The trust states that it makes contributions only to preselected charitable organizations and does not accept unsolicited requests for funds.
- Contact
Mailing address: 523 West 24Th Street, New York, NY 10014
Phone: (212) 243-0200
Application details from Grantable's research on the foundation's public materials; confirm on its website before applying.
Who The Matthew Marks Charitable Trust funds
How this funder distributes its grants
Top Recipients
Top 10 recipients in 2024
The largest 2024 recipient was Museum of Modern Art ($95K). Together the top 10 received $190K.
Grant Size Distribution
199 grants across all recorded years
The most common grant size was under $50K: 192 grants of 199 (96%).
Geographic Focus
Where this funder awards grants
In 2024, 85% of grant dollars went to recipients in New York, 5% to California, 4% each to Vermont and Massachusetts, and 1% to Connecticut.
Grant Distribution by State
Share of 2024 grant dollars across all 33 itemized grants.
States
Cities
Is The Matthew Marks Charitable Trust open to new grantees?
3%
first-time grantees, 2024
In 2024, 1 of 33 grantees (3%) were first-time recipients. First grants averaged $10K; repeat grants $7K. How we count
Medians: $10K first-time, $3K repeat.
- 97% of 2024 grantees were also funded in 2023. Method
- Giving held roughly steady from 2021 to 2024 (−14%). Method
- In 2024 it paid out 81% of its IRS minimum distribution (the 5% rule). Foundations have until the end of the next year to meet it. Method
Estimate from itemized grant lists in IRS Form 990-PF filings (2020–2024). Recipient names are matched across years, so a renamed or misspelled grantee can look new; grants to individuals are left out. Methodology.
Giving History
Giving Over Time
Total grant dollars and number of grants per year
From 2020 to 2024, annual grant giving ranged from $244K (2024) to $375K (2022). In 2024 it made 33 grants totaling $244K.
Grants by year
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| Museum of Modern Art New York, NY | General Charitable Purpose | $95,000 |
| Planned Parenthood New York, NY | General Charitable Purpose | $15,000 |
| Bennington College Bennington, VT | General Charitable Purpose | $10,000 |
| Foundation for Contemporary Arts New York, NY | General Charitable Purpose | $10,000 |
| Hudson Highlands Land Trust Garrison, NY | General Charitable Purpose | $10,000 |
| Human Rights Campaign Foundation New York, NY | General Charitable Purpose | $10,000 |
| Scenic Hudson Inc Poughkeepsie, NY | General Charitable Purpose | $10,000 |
| The National LGBTQ Task Force Cambridge, MA | General Charitable Purpose | $10,000 |
| Trustees of Columbia University New York, NY | General Charitable Purpose | $10,000 |
| Open Space Institute New York, NY | General Charitable Purpose | $10,000 |
Ready to take the next step with The Matthew Marks Charitable Trust?
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 | $2,865,810 | $306,507 | $246,897 | $243,600 | 33 | $246,897 | $303,235 | $306,501 |
| 2023 | $2,843,230 | $194,290 | $356,368 | $336,850 | 44 | $337,368 | $69,124 | $255,988 |
| 2022 | $3,058,423 | $1,241,645 | $381,223 | $374,900 | 41 | $380,223 | $1,241,322 | $252,595 |
| 2021 | $2,136,951 | $75,364 | $284,489 | $282,995 | 40 | $283,495 | $74,870 | $307,857 |
| 2020 | $2,400,050 | $34,543 | $363,688 | $357,500 | 41 | — | $27,140 | $226,086 |
Under IRS private-foundation payout rules, The Matthew Marks Charitable Trust reported a distributable amount of $307K for 2024 — the minimum it must pay out in qualifying distributions.
Research compiled by Grantable AI from public sources. Last updated September 2026.
Mission & Focus Areas
No mission statement for the trust is provided. Its 2024 grants show support for organizations working in several areas. The Museum of Modern Art describes its mission as fostering public awareness of modern and contemporary art; the Foundation for Contemporary Arts says it encourages, sponsors, and promotes innovative work in the arts. Open Space Institute says it protects land for clean drinking water, recreation, healthy communities, and wildlife habitat, while Hudson Highlands Land Trust describes its work as conserving and caring for the lands and waters of the Hudson Highlands. Bennington College’s stated educational principles emphasize individual students’ developing interests and learning through activity and living.
Grantmaking
In 2024, the trust made 33 grants totaling $243,600. Awards ranged from $500 to $95,000, with a median grant of $3,500. Its largest grant was $95,000 to the Museum of Modern Art. Other notable 2024 grants included $15,000 to Planned Parenthood; $10,000 each to Bennington College, Foundation for Contemporary Arts, Hudson Highlands Land Trust, Human Rights Campaign Foundation, Scenic Hudson, the National LGBTQ Task Force, Trustees of Columbia University, and Open Space Institute; and $5,000 each to ACLU and Artists Space. The listed grant purposes were “general charitable purpose.”
Leadership & Key People
Leadership team and compensation from IRS filings
The 2024 filing lists Matthew Marks, Jack Bankowsky, and Richard Bankowsky as trustees.
The Matthew Marks Charitable Trust's 2024 filing lists 3 officers; none of the 3 officers listed in 2024 report compensation.
Officers on the 2024 filing
Jack Bankowsky
Trustee
On filings since 2020
No compensation reported
Matthew Marks
Trustee
On filings since 2020
No compensation reported
Richard Bankowsky
Trustee
On filings since 2020
No compensation reported
Former officers (1)
- Former: Andrew Marks (2020) — Trustee
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 Matthew Marks Charitable Trust
How much does The Matthew Marks Charitable Trust give each year?
The Matthew Marks Charitable Trust gave $244K across 33 grants in 2024, according to its 2024 IRS Form 990-PF. In 2023 it gave $337K across 44 grants.
What is The Matthew Marks Charitable Trust's typical grant size?
The Matthew Marks Charitable Trust's median grant in 2024 was $3,500, and its average grant was $7,382, across 33 grants on its 2024 IRS Form 990-PF. Organizations receiving their first grant from The Matthew Marks Charitable Trust that year got $10K on average.
Where does The Matthew Marks Charitable Trust give grants?
The Matthew Marks Charitable Trust gives mostly in New York: 85% of the grant dollars itemized on its 2024 IRS Form 990-PF went to recipients there. The most frequent recipient cities were New York, NY (15 grants), Garrison, NY (4 grants), Brooklyn, NY (3 grants) and Los Angeles, CA (2 grants).
Does The Matthew Marks Charitable Trust give general operating support?
Yes: 100% of The Matthew Marks Charitable Trust's 2024 grants with a stated purpose (33 of 33) were for general or operating support, per its 2024 IRS Form 990-PF.
Who are The Matthew Marks Charitable Trust's largest grantees?
The Matthew Marks Charitable Trust's largest 2024 grantees include Museum of Modern Art ($95,000), Planned Parenthood ($15,000) and Bennington College ($10,000), according to its 2024 IRS Form 990-PF. Together they received 49% of its itemized 2024 grant dollars.
How large is The Matthew Marks Charitable Trust?
The Matthew Marks Charitable Trust reported $2.9M in total assets on its 2024 IRS Form 990-PF. It paid out $247K in qualifying distributions that year, against a required minimum of $307K (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 does The Matthew Marks Charitable Trust fund?
No mission statement for the trust is provided. Its 2024 grants show support for organizations working in several areas. See mission & focus areas ↑
How do I apply for a grant from The Matthew Marks Charitable Trust?
The trust states that it makes contributions only to preselected charitable organizations and does not accept unsolicited requests for funds. Eligibility and process details are in the grantmaking section of this profile. See how to apply ↑
What is The Matthew Marks Charitable Trust's EIN?
The Matthew Marks Charitable Trust's EIN (Employer Identification Number) is 27-6976692. IRS Form 990 filing data is available on this page for 2020–2024.
Does The Matthew Marks Charitable Trust accept unsolicited proposals?
No, according to Grantable's research on the foundation's published guidelines. See how to apply ↑
Data last updated October 2026. Sourced from IRS Form 990-PF filings. Research dossier generated September 2026.
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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Cite this profile
Grantable. (2026). The Matthew Marks Charitable Trust funder profile. GrantGraph. Retrieved October 14, 2026, from https://grantable.co/funders/the-matthew-marks-charitable-trust-morg_90754b6461644c60af9bc901b818f510
BibTeX
@misc{grantable_276976692_2026,
author = {{Grantable}},
title = {{The Matthew Marks Charitable Trust funder profile}},
howpublished = {GrantGraph},
year = {2026},
url = {https://grantable.co/funders/the-matthew-marks-charitable-trust-morg_90754b6461644c60af9bc901b818f510},
note = {Accessed 2026-10-14. Data licensed CC BY 4.0}
}The figures on this page are open data under CC BY 4.0: reuse them with credit to Grantable and a link. Download the data.
Figures come from The Matthew Marks Charitable Trust's IRS filings (methodology). AI-written summaries, news items and logos are not covered by the open licence. Spot an error? Email hello@grantable.co.
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