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Marcus Fam Charitable Trust is a private trust based in MILWAUKEE, WI. The foundation received its IRS ruling in 1997. The principal officer is Foley & Lardner. It holds total assets of $4.2M. Annual income is reported at $584K. Total assets have grown from $2.3M in 2011 to $4.2M in 2024. The foundation is governed by 2 officers and trustees. The marcus investments employee relief fund was established to assist employees affected during qualified disasters under section 139 of the internal revenue code if there is (i) presidentially declared federal disaster or (ii) other federally declared disaster that impacts the milwaukee area. Through this fund, meal kits and groceries will be provided to furloughed employees at marcus investments, berengaria, fwr llc, fwr wi or any restaurant within hospitality democracy and their families that have financial need. The groceries/meal kits will be prepared for employees based on household count. Applicants will be reviewed on a monthly basis and may be asked to complete an updated application to verify financial need. Tax records are available from 2015 to 2024. According to available records, Marcus Fam Charitable Trust has made 3 grants totaling $975K, with a median grant of $350K. Annual giving has decreased from $350K in 2021 to $275K in 2023. Individual grants have ranged from $275K to $350K, with an average award of $325K. The foundation has supported 2 unique organizations. Grants have been distributed to organizations in Wisconsin and New York. Contributions to this foundation are tax-deductible.
The marcus investments employee relief fund was established to assist employees affected during qualified disasters under section 139 of the internal revenue code if there is (i) presidentially declared federal disaster or (ii) other federally declared disaster that impacts the milwaukee area. Through this fund, meal kits and groceries will be provided to furloughed employees at marcus investments, berengaria, fwr llc, fwr wi or any restaurant within hospitality democracy and their families that have financial need. The groceries/meal kits will be prepared for employees based on household count. Applicants will be reviewed on a monthly basis and may be asked to complete an updated application to verify financial need.
Expenses: $9K
The marcus investments employee relief fund was established to assist employees affected during qualified disasters under section 139 of the internal revenue code if there is (i) presidentially declared federal disaster or (ii) other federally declared disaster that impacts the milwaukee area. Through this fund, meal kits and groceries will be provided to furloughed employees at marcus investments, berengaria, fwr llc, fwr wi or any restaurant within hospitality democracy and their families that have financial need. The groceries/meal kits will be prepared for employees based on household count. Applicants will be reviewed on a monthly basis and may be asked to complete an updated application to verify financial need. Based on available records, the foundation has funded 3 grants. Its grantmaking reaches organizations primarily in WI, NY.
Marcus Fam Charitable Trust has distributed a total of $975K across 3 grants. The median grant size is $350K, with an average of $325K. Individual grants have ranged from $275K to $350K.
Marcus Fam Charitable Trust is a private foundation. To inquire about grants, you can look up the foundation using their EIN (391891090) on GuideStar or contact them directly. Many private foundations have specific application processes that may not be publicly listed.
Marcus Fam Charitable Trust is headquartered in MILWAUKEE, WI. While based in WI, the foundation distributes grants to organizations across 2 states.
| Name | Title | Compensation | Benefits | Total |
|---|---|---|---|---|
| David Marcus | TRUSTEE | $0 | $0 | N/A |
| Andrew Marcus | TRUSTEE | $0 | $0 | N/A |
Total Giving
N/A
Total Assets
$4.2M
Fair Market Value
N/A
Net Worth
$4.2M
Grants Paid
N/A
Contributions
N/A
Net Investment Income
N/A
Distribution Amount
N/A
Total Grants
3
Total Giving
$975K
Average Grant
$325K
Median Grant
$350K
Unique Recipients
2
Most Common Grant
$350K
of 2023 grantees were first-time recipients
| Recipient | Location | Amount | Year |
|---|---|---|---|
| Milwaukee Jewish Federation IncSUPPORT FOR LOCAL JEWISH COMMUNITY AND ENHANCE JEWISH LIFE IN MILWAUKEE. | Milwaukee, WI | $275K | 2023 |
| Jewish Home And Care Center IncSUPPORT FOR JEWISH SENIORS AND INFIRM CARE FACILITIES. | Staten Island, NY | $350K | 2021 |
MILWAUKEE, WI
WAUKESHA, WI
MILWAUKEE, WI