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Also known as: C/O SAX LLP
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Marks Foundation Trust 071901 is a private trust based in PARSIPPANY, NJ. The foundation received its IRS ruling in 2002. The principal officer is Sax Macy Fromm & Co Pc. It holds total assets of $2.2M. Annual income is reported at $184K. The foundation is governed by 1 officer or trustee. 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. The foundation primarily funds organizations in New Jersey and Arizona. According to available records, Marks Foundation Trust 071901 has made 43 grants totaling $341K, with a median grant of $5K. The foundation has distributed between $154K and $188K annually from 2022 to 2023. Individual grants have ranged from $1K to $70K, with an average award of $8K. The foundation has supported 24 unique organizations. The foundation primarily supports organizations in Florida, New Jersey, Maryland, which account for 56% of all grants. Grantmaking reaches organizations across 10 states. Contributions to this foundation are tax-deductible.
Smallest Grant
$1K
Median Grant
$5K
Average Grant
$6K
Largest Grant
$30K
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.
Marks Foundation Trust 071901 primarily funds organizations in the area of philanthropy & grantmaking. Based on available records, the foundation has funded 43 grants. Its grantmaking reaches organizations primarily in FL, NJ, MD.
Marks Foundation Trust 071901 has distributed a total of $341K across 43 grants. The median grant size is $5K, with an average of $8K. Individual grants have ranged from $1K to $70K.
Marks Foundation Trust 071901 typically selects its grantees rather than accepting unsolicited proposals.
Marks Foundation Trust 071901 is headquartered in PARSIPPANY, NJ. While based in NJ, the foundation distributes grants to organizations across 10 states.
| Name | Title | Compensation | Benefits | Total |
|---|---|---|---|---|
| Louis Friedman | TRUSTEE | $0 | $0 | N/A |
Total Giving
$161K
Total Assets
$2.2M
Fair Market Value
$3.4M
Net Worth
$2.2M
Grants Paid
$154K
Contributions
N/A
Net Investment Income
$82K
Distribution Amount
$168K
Total: $2.2M
Total Grants
43
Total Giving
$341K
Average Grant
$8K
Median Grant
$5K
Unique Recipients
24
Most Common Grant
$3K
of 2023 grantees were first-time recipients
| Recipient | Location | Amount | Year |
|---|---|---|---|
| American Diabetes AssociationCHARITABLE | Arlington, VA | $3K | 2023 |
| American Cancer SocietyCHARITABLE | Oklahoma City, OK | $3K | 2023 |
| Columbia UniversityCHARITABLE | New York, NY | $3K | 2023 |
| Boca Raton Regional HospitalCHARITABLE | Boca Raton, FL | $30K | 2023 |
| Morristown HospitalCHARITABLE | Morristown, NJ | $25K | 2023 |
| Memorial Sloan Kettering Cancer CenterCHARITABLE | Hagerstown, MD | $20K | 2023 |
| Jewish Federation Of Palm Beach CountyCHARITABLE | Boca Raton, FL | $10K | 2023 |
| Wyoming Presbyterian ChurchCHARITABLE | Millburn, NJ | $8K | 2023 |
| The Leukemia & Lymphona SocietyCHARITABLE | New York, NY | $5K | 2023 |
| Morristown-Beard SchoolCHARITABLE | Morristown, NJ | $5K | 2023 |
| Emory UniversityCHARITABLE | Atlanta, GA | $5K | 2023 |
| Haverford CollegeCHARITABLE | Haverford, PA | $5K | 2023 |
| Overlook FoundationCHARITABLE | Summit, NJ | $5K | 2023 |
| Temple Har ShalomCHARITABLE | Warren, NJ | $5K | 2023 |
| University Of Wisconsin FoundationCHARITABLE | Madison, WI | $5K | 2023 |
| Cornell UniversityCHARITABLE | Ithica, NY | $5K | 2023 |
| Children'S Specialized HospitalCHARITABLE | Mountainside, NJ | $3K | 2023 |
| American Heart AssociationCHARITABLE | Waltham, MA | $3K | 2023 |
| Bgcn Life CampCHARITABLE | Morristown, NJ | $3K | 2023 |
| Israel Tennis Centers FoundationCHARITABLE | New York, NY | $3K | 2023 |
| Harvard UniversityCHARITABLE | Boston, MA | $3K | 2023 |
| Community Food Bank Of New JerseyCHARITABLE | Hillside, NJ | $1K | 2023 |
| Jcc Of Central New JerseyCHARITABLE | Scotch Plains, NJ | $3K | 2022 |
| Tri County Animal Rescue CenterCHARITABLE | Boca Raton, FL | $3K | 2022 |