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Daymarc Foundation

Annual Giving
$1.5M

Daymarc Foundation

Quick Stats

  • Annual Giving: ~$1.48 million (FY 2024)
  • Total Assets: $21.4 million (FY 2024)
  • Decision Time: Not publicly disclosed
  • Grant Range: Not publicly disclosed
  • Geographic Focus: Massachusetts (based in Wayland, MA)

Contact Details

  • Address: 65 Woodridge Rd, Wayland, MA 01778
  • Website: None publicly available
  • Phone: Not publicly disclosed
  • Email: Not publicly disclosed

Overview

The Daymarc Foundation is a private independent foundation established in Wayland, Massachusetts, with tax-exempt status granted by the IRS in September 2018. The foundation is classified under NTEE code T22 (Private Independent Foundations) and is designated as a 501(c)(3) organization.

The foundation experienced significant growth in 2021, receiving approximately $37.1 million in contributions (63% of that year's revenue), which substantially increased its asset base. Since then, assets have modestly declined from a peak of $23.4 million in 2022 to approximately $21.4 million in fiscal year 2024. The foundation maintains consistent charitable disbursements averaging over $1 million annually since 2021.

The foundation appears to be a family foundation with governance by individuals connected to the Cedrone/Steen family. No public mission statement has been disclosed, and the foundation does not maintain a public-facing website or published funding guidelines.

Funding Priorities

Grant Programs

Specific grant programs and funding amounts are not publicly disclosed. Based on IRS filings, the foundation distributed approximately $1.48 million in charitable disbursements in fiscal year 2024 (93.7% of total expenses).

Priority Areas

The foundation has not publicly disclosed its funding priorities or focus areas. As a private independent foundation, it likely supports causes aligned with the trustees' philanthropic interests.

What They Don't Fund

No published exclusions are available.

Governance and Leadership

Trustees/Directors

Based on IRS Form 990-PF filings, the foundation's leadership includes:

  • Andrea M. Steen - Director/Trustee
  • Paul N. Cedrone - Trustee
  • Jeffrey J. Skerry, Esq. - Trustee
  • William C. Hays - Trustee (since 2021)

All officers and trustees receive $0 in compensation.

Application Process & Timeline

How to Apply

This funder does not have a public application process.

The Daymarc Foundation operates as a private family foundation without a public website, published grant guidelines, or formal application procedures. Grants are likely made at the discretion of the trustees based on their personal knowledge of and relationships with charitable organizations.

As a private non-operating foundation, Daymarc is required to distribute at least 5% of its assets annually for charitable purposes (approximately $1 million based on current assets), but there is no requirement that these grants be made through a public application process.

Decision Timeline

Not publicly disclosed.

Success Rates

Not publicly disclosed.

Reapplication Policy

Not publicly disclosed.

Application Success Factors

Given the lack of public application process, organizations interested in receiving support from the Daymarc Foundation should consider:

  1. Understanding the Foundation's Giving Patterns: Review the foundation's IRS Form 990-PF filings (available through ProPublica Nonprofit Explorer) to identify past grant recipients and understand the types of organizations they support.

  2. Geographic Alignment: The foundation is based in Wayland, Massachusetts, suggesting potential focus on organizations serving the greater Boston/MetroWest area.

  3. Building Authentic Relationships: As a family foundation, decisions are likely influenced by personal relationships and direct knowledge of charitable work.

  4. Demonstrating Impact: Organizations that can clearly articulate their outcomes and impact may be better positioned if they come to the trustees' attention.

Key Takeaways for Grant Writers

  • No public application process exists - This is a private family foundation that does not solicit or accept unsolicited grant proposals through formal channels.

  • Significant grantmaking capacity - With $21.4 million in assets and annual charitable disbursements exceeding $1 million, this is a meaningful funder in the Massachusetts philanthropic landscape.

  • Family foundation structure - Decisions are made by a small group of trustees, likely based on personal relationships and interests.

  • Limited public information - The foundation does not maintain a website or publish guidelines, making research challenging.

  • IRS filings are key research tools - Form 990-PF filings (available through ProPublica) provide the most detailed information about grant recipients and amounts.

  • Relationship-based grantmaking - Organizations already known to the trustees or introduced through trusted connections are most likely to receive support.

References

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