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Marcotte Family Foundation Inc. is a private corporation based in ASHEVILLE, NC. The foundation received its IRS ruling in 2016. It holds total assets of $5.7M. Annual income is reported at $1.7M. Total assets have grown from $3.8M in 2015 to $5.8M in 2023. The foundation is governed by 2 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 2016 to 2023. The foundation primarily funds organizations in North Carolina and Virginia. According to available records, Marcotte Family Foundation Inc. has made 89 grants totaling $1.6M, with a median grant of $5K. Annual giving has grown from $263K in 2020 to $330K in 2023. Grantmaking activity was highest in 2022 with $687K distributed across 40 grants. Individual grants have ranged from $250 to $200K, with an average award of $18K. The foundation has supported 41 unique organizations. The foundation primarily supports organizations in North Carolina, New York, Virginia, which account for 89% of all grants. Grantmaking reaches organizations across 6 states. Contributions to this foundation are tax-deductible.
Smallest Grant
$250
Median Grant
$5K
Average Grant
$17K
Largest Grant
$200K
Based on 20 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.
Marcotte Family Foundation Inc. primarily funds organizations in the area of philanthropy & grantmaking. Based on available records, the foundation has funded 89 grants. Its grantmaking reaches organizations primarily in NC, NY, VA.
Marcotte Family Foundation Inc. has distributed a total of $1.6M across 89 grants. The median grant size is $5K, with an average of $18K. Individual grants have ranged from $250 to $200K.
Marcotte Family Foundation Inc. typically selects its grantees rather than accepting unsolicited proposals.
Marcotte Family Foundation Inc. is headquartered in ASHEVILLE, NC. While based in NC, the foundation distributes grants to organizations across 6 states.
| Name | Title | Compensation | Benefits | Total |
|---|---|---|---|---|
| Richard J Marcotte | DIRECTOR/PRESIDENT/TREASURER | $0 | $0 | N/A |
| Carole E Marcotte | DIRECTOR/VP/SECRETARY | $0 | $0 | N/A |
Total Giving
$365K
Total Assets
$5.8M
Fair Market Value
$7.1M
Net Worth
$5.8M
Grants Paid
$330K
Contributions
N/A
Net Investment Income
$504K
Distribution Amount
$332K
Total: $1.8M
Total Grants
89
Total Giving
$1.6M
Average Grant
$18K
Median Grant
$5K
Unique Recipients
41
Most Common Grant
$5K
of 2023 grantees were first-time recipients
| Recipient | Location | Amount | Year |
|---|---|---|---|
| W4h Working Wheels Of AshevillePROGRAM SERVICES | Asheville, NC | $120K | 2023 |
| Open Doors Of AshevillePROGRAM SERVICES | Asheville, NC | $50K | 2023 |
| Food Connections IncPROGRAM SERVICES | Asheville, NC | $50K | 2023 |
| Gwynn Valley Campership FoundationPROGRAM SERVICES | Brevard, NC | $50K | 2023 |
| Toronto International Film FestivalPROGRAM SERVICES | Toronto | $9K | 2023 |
| Nc Museum Foundation IncPROGRAM SERVICES | Raleigh, NC | $6K | 2023 |
| Down Syndrome Association Of MinnesotaPROGRAM OPERATIONS | Saint Paul, MN | $5K | 2023 |
| Conservation Trust Of North CarolinaPROGRAM OPERATIONS | Raleigh, NC | $5K | 2023 |
| Western Carolina Rescue MinistriesPROGRAM SERVICES | Asheville, NC | $5K | 2023 |
| Southern Appalachian Highlands ConservancyPROGRAM OPERATIONS | Asheville, NC | $5K | 2023 |
| Southern Environmental Law CenterPROGRAM OPERATIONS | Charlottesville, VA | $5K | 2023 |
| Manna Food BankPROGRAM SERVICES | Assheville, NC | $5K | 2023 |
| Blue Ridge Public Radio (Npr)PROGRAM SERVICES | Asheville, NC | $5K | 2023 |
| Riverlink IncPROGRAM SERVICES | Asheville, NC | $3K | 2023 |
| Asheville WatchdogPROGRAM SERVICES | Asheville, NC | $3K | 2023 |
| Nueva GeneracionPROGRAM OPERATIONS | Beaufort, NC | $2K | 2023 |
| Ms Society Of Eastern NcPROGRAM SERVICES | Raleigh, NC | $1K | 2023 |
| Walk For HopePROGRAM SERVICES | Raleigh, NC | $1K | 2023 |
| Pbs North CarolinaPROGRAM SERVICES | Rtp, NC | $1K | 2023 |
| YmcaCAPITAL CAMPAIGN | Raleigh, NC | $200K | 2022 |
| Michael J Fox Foundation For ParkinsonsPROGRAM SERVICES | New York, NY | $25K | 2022 |
| North Carolina Museum Of ArtPROGRAM OPERATIONS | Raleigh, NC | $6K | 2022 |
| United Arts CouncilPROGRAM SERVICES | Raleigh, NC | $5K | 2022 |
| St Vincent Depaul Society (St Eugene)PROGRAM SERVICES | Asheville, NC | $5K | 2022 |
| Caminos De AguaPROGRAM SERVICES | Lake Forest, IL | $3K | 2022 |