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Also known as: CO FOUNDATION SOURCE
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Marak Family Foundation is a private corporation based in WILMINGTON, DE. The foundation received its IRS ruling in 2012. The principal officer is Bank Of America Merrill Lynch. It holds total assets of $6.8M. Annual income is reported at $5.5M. The foundation is governed by 9 officers and trustees. The foundation operates in the area of philanthropy & grantmaking. According to its most recent filing, the foundation only makes contributions to preselected charitable organizations. Tax records are available from 2015 to 2023. Grantmaking is concentrated in Texas. According to available records, Marak Family Foundation has made 83 grants totaling $817K, with a median grant of $9K. Annual giving has grown from $269K in 2020 to $548K in 2022. Individual grants have ranged from $2K to $58K, with an average award of $10K. The foundation has supported 29 unique organizations. The foundation primarily supports organizations in Texas, Florida, Massachusetts, which account for 95% of all grants. Grantmaking reaches organizations across 5 states. Contributions to this foundation are tax-deductible.
Smallest Grant
$3K
Median Grant
$10K
Average Grant
$11K
Largest Grant
$58K
Based on 25 grants from the most recent 990-PF filing.
No program descriptions are available for this foundation. Many private foundations report program activities in their annual 990-PF filings — check the Tax Filings section below for the most recent filing.
Marak Family Foundation primarily funds organizations in the area of philanthropy & grantmaking. Based on available records, the foundation has funded 83 grants. Its grantmaking reaches organizations primarily in TX, FL, MA.
Marak Family Foundation has distributed a total of $817K across 83 grants. The median grant size is $9K, with an average of $10K. Individual grants have ranged from $2K to $58K.
Marak Family Foundation typically selects its grantees rather than accepting unsolicited proposals.
Marak Family Foundation is headquartered in WILMINGTON, DE. While based in DE, the foundation distributes grants to organizations across 5 states.
| Name | Title | Compensation | Benefits | Total |
|---|---|---|---|---|
| Clarence E Marak | Director | $0 | $0 | N/A |
| Betty L Marak | SEC/TREAS | $0 | $0 | N/A |
| Ken M Marak | President/Treas | $0 | $0 | N/A |
| Jan Davidson | Director | $0 | $0 | N/A |
| Kevin Marak | Director | $0 | $0 | N/A |
| Katie Lytle | Director | $0 | $0 | N/A |
| Konner Marak | Director | $0 | $0 | N/A |
| Jake Cowman | Director | $0 | $0 | N/A |
| Ben Cowman | Director | $0 | $0 | N/A |
Total Giving
$316K
Total Assets
$5.4M
Fair Market Value
$6.1M
Net Worth
$5.4M
Grants Paid
$265K
Contributions
$769K
Net Investment Income
$117K
Distribution Amount
$256K
Total: $734K
Total Grants
83
Total Giving
$817K
Average Grant
$10K
Median Grant
$9K
Unique Recipients
29
Most Common Grant
$2K
of 2022 grantees were first-time recipients
| Recipient | Location | Amount | Year |
|---|---|---|---|
| Roman Catholic Diocese Of AmarilloGENERAL OPERATING OTHER AND SUPPORT OF EDUCATION OF SEMINARIANS | Amarillo, TX | $58K | 2022 |
| St Vincent De Paul Catholic ChurchGENERAL SUPPORT | Pampa, TX | $24K | 2022 |
| Boys Girls Club Of Greater Ft TarraGENERAL SUPPORT | Fort Worth, TX | $19K | 2022 |
| Ronald Mcdonald House Charities OfGENERAL SUPPORT | Amarillo, TX | $11K | 2022 |
| Tralee Crisis CenterGENERAL SUPPORT | Pampa, TX | $11K | 2022 |
| Top Of Texas Crisis Pregnancy CenteGENERAL SUPPORT | Pampa, TX | $11K | 2022 |
| Casa Of The High PlainsGENERAL SUPPORT | Pampa, TX | $11K | 2022 |
| Medical Center League House Of AmarGENERAL SUPPORT | Amarillo, TX | $11K | 2022 |
| Good Samaritan Christian ServicesGENERAL SUPPORT | Pampa, TX | $11K | 2022 |
| Buckner Children And Family ServiceGENERAL - FOCUSED ON AMARILLO, OTHER | Dallas, TX | $11K | 2022 |
| High Plains Food BankGENERAL SUPPORT | Amarillo, TX | $11K | 2022 |
| Pampa Meals On WheelsGENERAL SUPPORT | Pampa, TX | $11K | 2022 |
| Catholic Family Service IncGENERAL SUPPORT | Amarillo, TX | $10K | 2022 |
| Food For The Poor IncGENERAL SUPPORT | Coconut Creek, FL | $9K | 2022 |
| Mission Metroplex IncGENERAL SUPPORT | Arlington, TX | $9K | 2022 |
| Mobile Loaves Fishes IncGENERAL SUPPORT | Austin, TX | $5K | 2022 |
| Dallas Childrens Advocacy CenterGENERAL SUPPORT | Dallas, TX | $5K | 2022 |
| Wi Cook Foundation IncGENERAL SUPPORT | Fort Worth, TX | $5K | 2022 |
| Catholic Student CenterGENERAL SUPPORT | Canyon, TX | $5K | 2022 |
| American Lebanese Syrian Assoc CharGENERAL SUPPORT | Memphis, TN | $3K | 2022 |
| Ach Child And Family ServicesGENERAL SUPPORT | Fort Worth, TX | $2K | 2022 |
| CitysquareGENERAL SUPPORT AND TRANSITION RESOURCE ACTION CENTER;OTHER | Dallas, TX | $2K | 2022 |
| Homes For Our Troops IncGENERAL SUPPORT | Taunton, MA | $2K | 2022 |
| Make-A-Wish FoundationGENERAL SUPPORT | Stafford, TX | $2K | 2022 |
| Operation Homefront IncGENERAL SUPPORT | San Antonio, TX | $2K | 2022 |
| Lena Pope Home IncSUPPORT OF SUBSTANCE ABUSE PROGRAM, OTHER | Fort Worth, TX | $2K | 2022 |
| Stephen Siller Tunnel To Towers FouGENERAL SUPPORT | Staten Island, NY | $2K | 2022 |
| Guns N Hoses FoundationGENERAL SUPPORT | Garland, TX | $2K | 2022 |