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Marlu Foundation is a private corporation based in MINNEAPOLIS, MN. The foundation received its IRS ruling in 1998. The principal officer is % Steven A Hornig. It holds total assets of $3.8M. Annual income is reported at $520K. The foundation operates in the area of philanthropy & grantmaking. According to available records, Marlu Foundation has made 13 grants totaling $441K, with a median grant of $25K. Annual giving has grown from $131K in 2022 to $310K in 2023. Individual grants have ranged from $10K to $100K, with an average award of $34K. The foundation has supported 10 unique organizations. The foundation primarily supports organizations in Virginia, District of Columbia, Connecticut, which account for 38% of all grants. Grantmaking reaches organizations across 8 states. Contributions to this foundation are tax-deductible.
Marlu Foundation primarily funds organizations in the area of philanthropy & grantmaking. Based on available records, the foundation has funded 13 grants. Its grantmaking reaches organizations primarily in VA, DC, CT.
Marlu Foundation has distributed a total of $441K across 13 grants. The median grant size is $25K, with an average of $34K. Individual grants have ranged from $10K to $100K.
Marlu Foundation typically selects its grantees rather than accepting unsolicited proposals.
Marlu Foundation is headquartered in MINNEAPOLIS, MN. While based in MN, the foundation distributes grants to organizations across 8 states.
| Name | Title | Compensation | Benefits | Total |
|---|---|---|---|---|
| Mark Stitzer | VICE PRESIDENT & DIRECTOR | $0 | $0 | $0 |
| Lucy Stitzer | PRESIDENT & DIRECTOR | $0 | $0 | $0 |
Total Giving
$394K
Total Assets
$3.7M
Fair Market Value
$5.7M
Net Worth
$3.7M
Grants Paid
$310K
Contributions
$25K
Net Investment Income
$202K
Distribution Amount
$268K
Total: $3.6M
Total Grants
13
Total Giving
$441K
Average Grant
$34K
Median Grant
$25K
Unique Recipients
10
Most Common Grant
$25K
of 2023 grantees were first-time recipients
| Recipient | Location | Amount | Year |
|---|---|---|---|
| Farm Journal Agricultural FoundationUNRESTRICTED | Washington, DC | $100K | 2023 |
| Navy Seal FoundationUNRESTRICTED | Virginia Beach, VA | $100K | 2023 |
| Teddy Maloney FoundationUNRESTRICTED | Fairfield, CT | $25K | 2023 |
| Cow Hollow SchoolUNRESTRICTED | San Francisco, CA | $25K | 2023 |
| Episcopal CharitiesUNRESTRICTED | Chicago, IL | $25K | 2023 |
| 2015 | 990PF | View |
| Robert Packard Center For AlsUNRESTRICTED |
| Baltimore, MD |
| $25K |
| 2023 |
| American Corporate PartnersUNRESTRICTED | New York, NY | $10K | 2023 |
| Brunswick SchoolUNRESTRICTED | Greenwich, CT | $30K | 2022 |
| Empower Me AcademyUNRESTRICTED | San Francisco, CA | $25K | 2022 |
| Eagles Mere MuseumUNRESTRICTED | Eaglesmere, PA | $10K | 2022 |
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