The V & L Marx Foundation is a private family foundation established in 2004 and based in Scarsdale, New York. The foundation was created to honor Virginia and Leonard Marx, with Leonard Marx being a 1925 Yale University graduate and prominent real estate developer who served as chairman and chief executive of Merchants National Properties. The foundation is currently managed by the Gruenberg family, descendants of Leonard and Virginia Marx.
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$65.3M
-3.0% YoY
Annual Giving
$6.7M
-1.1% YoY
Grant Count
117
-6.4% YoY
Avg Grant Size
$57K
+5.6% YoY
Mission & Focus Areas
The foundation's giving priorities include:
- Higher education
- Arts and culture
- Hospitals and medical research
- Social services
- Healthcare
- Jewish life
- Environmental conservation
- Youth development
The foundation takes a diversified approach to charitable giving, supporting nonprofit organizations across these multiple sectors.
Grantmaking
The foundation operates through a single general grantmaking program with no formally designated sub-programs. All grants are categorized as "general corporate purpose" support.
Grant Range
$1,000 to $2,200,000
How to Apply
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Geographic Focus
Where this funder awards grants
The foundation primarily supports organizations in the New York City metropolitan area, with particular emphasis on Westchester County, New York.
Grant Distribution by State
States
Cities
Financial History
Multi-year comparison from IRS filings
As of 2024:
- Total assets: $65,344,859
- Total revenues: $4,977,792
- Total expenses: $6,986,669
- Total liabilities: $39,300
As of 2023:
- Total assets: $67.3 million
- Total revenues: $3.73 million
- Total expenses: $7.05 million
| Metric | 2024 | 2023 | 2022 |
|---|---|---|---|
| Total Assets | $65,344,859 | $67,349,308 | $70,673,819 |
| Revenue | $4,977,792 | $3,732,226 | $4,948,040 |
| Expenses | $6,986,669 | $7,046,209 | $6,838,774 |
| Qualifying Distributions | $6,713,780 | $6,781,280 | $6,603,610 |
| Net Investment Income | $4,740,040 | $3,525,448 | $4,734,866 |
| Distributable Amount | $7,768,123 | $6,676,076 | $6,647,373 |
Giving Over Time
Total grant dollars and number of grants per year
Grant Insights
How this funder distributes its grants
Top Recipients
Top 10 recipients in 2024
Grant Size Distribution
250 grants across all recorded years
Giving History
Grant recipients and amounts by year
No grants recorded for .
Leadership & Key People
Leadership team and compensation from IRS filings
- Jennifer Gruenberg - President
- Leonard Gruenberg - Vice President and Chief Finance Officer
- Wendy Gruenberg - Trustee
Compensation Overview
From 2024 IRS filing
From 2024 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| JENNIFER GRUENBERG | PRESIDENT | 15 | — |
| WENDY GRUENBERG | SECRETARY | 2 | — |
| LEONARD GRUENBERG | VP/CHIEF FIN | 5 | — |
| JON GRUENBERG | TREASURER | 2 | — |
Contact Information
Address: 14 Brookline Road, Scarsdale, NY 10583
Phone: (201) 909-0090
Tax Status: 501(c)(3) private foundation; tax-exempt since April 2004
EIN: 03-0536676
Subject Areas
Focus areas based on grantmaking activity
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Data last updated April 2026. Sourced from IRS Form 990-PF filings. Research dossier generated April 2026.
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