//
Work at this foundation?
Claim this profile to manage it and see interest from grant seekers.
Marceco Foundation is a private corporation based in GRAND RAPIDS, MI. The foundation received its IRS ruling in 1970. It holds total assets of $3.3M. Annual income is reported at $3.1M. Total assets have grown from $19K in 2021 to $263K in 2023. The foundation is governed by 3 officers and trustees. The foundation operates in the area of community development. According to its most recent filing, the foundation only makes contributions to preselected charitable organizations. Tax records are available from 2021 to 2023. According to available records, Marceco Foundation has made 4 grants totaling $362K, with a median grant of $103K. Annual giving has grown from $3K in 2021 to $153K in 2023. Grantmaking activity was highest in 2022 with $206K distributed across 2 grants. Individual grants have ranged from $3K to $153K, with an average award of $91K. Grant recipients are concentrated in Iowa. Contributions to this foundation are tax-deductible.
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.
Marceco Foundation primarily funds organizations in the area of community development. Based on available records, the foundation has funded 4 grants. Its grantmaking reaches organizations primarily in IA.
Marceco Foundation has distributed a total of $362K across 4 grants. The median grant size is $103K, with an average of $91K. Individual grants have ranged from $3K to $153K.
Marceco Foundation typically selects its grantees rather than accepting unsolicited proposals.
Marceco Foundation is headquartered in GRAND RAPIDS, MI.
| Name | Title | Compensation | Benefits | Total |
|---|---|---|---|---|
| David Den Herder | BOARD MEMBER/TREASURER | $0 | $0 | N/A |
| Mittie Nimocks-Den Herder | BOARD MEMBER/PRESIDENT/SECRETARY | $0 | $0 | N/A |
| Frances N Teply | BOARD MEMBER | $0 | $0 | N/A |
Total Giving
$156K
Total Assets
$263K
Fair Market Value
$263K
Net Worth
$263K
Grants Paid
$153K
Contributions
$250K
Net Investment Income
$4K
Distribution Amount
$9K
Total Grants
4
Total Giving
$362K
Average Grant
$91K
Median Grant
$103K
Unique Recipients
1
Most Common Grant
$103K
of 2023 grantees were first-time recipients
| Recipient | Location | Amount | Year |
|---|---|---|---|
| Dordt CollegeSCHOLARSHIP FUND | Sioux Center, IA | $153K | 2023 |