Felix E Martin Jr Foundation Inc
The Felix E. Martin Jr. Foundation is a 501(c)(3) public charity and supporting organization of the Community Foundation of Louisville, located in Louisville, Kentucky. Established in 2008 through a trust created by Felix E. Martin Jr. (1927-2007), the Foundation is dedicated to enriching the lives of citizens in Muhlenberg County, Kentucky through grants supporting educational, civic, and cultural initiatives.
Key facts about Felix E Martin Jr Foundation Inc
- EIN
- 26-2193468
- Latest 990 filing
- Form 990-PF, 2024
- Annual giving (2024)
- $1,992,363
- Grants made (2024)
- 26
- Average grant
- $76,629
- Median grant
- $11,225
- New grantees (estimate)
- 42% first-time grantees (11 of 26, 2024)
- Total assets
- $79,376,583
- Primary geography
- Kentucky (100% of itemized 2024 grant dollars)
- Deadline
- Quarterly (next deadline October 5, 2026)
Data from IRS Form 990-PF, 2024; updated September 2026. New grantees are estimated by matching recipient names across years (methodology). Application details from Grantable's research on the foundation's public materials; confirm on its website before applying.
Who Felix E Martin Jr Foundation Inc funds
By grant dollars, the top recipient states for Felix E Martin Jr Foundation Inc's 26 itemized 2024 grants were Kentucky (100%). The most frequent recipient cities were Greenville, KY (9 grants), Central City, KY (4 grants), Powderly, KY (3 grants) and Hopkinsville, KY (3 grants). None of its 26 grants with a stated purpose were described as general or operating support. Recurring purposes include "Primary/Elementary School" (4 grants) and "Educational Institutions" (3 grants).
Is Felix E Martin Jr Foundation Inc open to new grantees?
42%
first-time grantees, 2024
In 2024, 11 of 26 grantees (42%) were first-time recipients. First grants averaged $17K; repeat grants $120K. How we count
Medians: $10K first-time, $15K repeat.
Estimate from itemized IRS Form 990-PF grant lists (2020–2024). Recipient names are matched across years, so a renamed or misspelled grantee can look new; grants to individuals are left out. Methodology.
Next steps with Felix E Martin Jr Foundation Inc
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Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$79.4M
+11.5% YoY
Annual Giving
$2.0M
+11.2% YoY
Grant Count
26
+23.8% YoY
Avg Grant Size
$77K
-10.2% YoY
Mission & Focus Areas
Mission: The Felix E. Martin Jr. Foundation seeks to enrich the lives of the citizens of Muhlenberg County, Kentucky by providing support to qualified organizations to meet educational, civic and cultural needs of the county, both today and for generations to come.
Strategic Focus Areas:
- Economic Development
- Quality Education & Training
- Community Development & Quality of Place
- Community Engagement & Collaboration
- Health & Human Services
Grantmaking
Grant Range
$15,000
Review Cycle
Quarterly (next deadline October 5, 2026)
Ready to take the next step with Felix E Martin Jr Foundation Inc?
Geographic Focus
Where this funder awards grants
Muhlenberg County, Kentucky. The Foundation serves a community of approximately 31,000 residents and prioritizes organizations located within the county.
Grant Distribution by State
Share of all 26 itemized 2024 grant dollars.
Cities
Financial History
Multi-year comparison from IRS filings
As of Fiscal Year 2025 (ending June 2025):
- Total Assets: $88.6 million
- Total Revenue: $7.8 million
- Total Expenses: $3.4 million
- Net Income: $4.4 million
- Net Assets: $88.6 million
Revenue Composition (FY2025):
- Investment Income: $1.79 million (23.0%)
- Sales of Assets: $5.93 million (76.2%)
- Contributions: $63,000 (0.8%)
Endowment:
- As of June 2024, endowment valued at just over $77 million
- Original gift from Felix E. Martin Jr.: $50 million (2008)
Program Spending:
- 76% of expenses directed to programs and services
- 24% allocated to administrative overhead
| Metric | 2024 | 2023 | 2022 |
|---|---|---|---|
| Total Assets | $79,376,583 | $71,185,748 | $65,415,827 |
| Revenue | $4,796,331 | $2,785,040 | $9,441 |
| Expenses | $2,999,423 | $2,712,159 | $4,221,984 |
| Qualifying Distributions | — | — | — |
| Net Investment Income | $4,731,106 | $2,669,940 | $-233,671 |
| Distributable Amount | — | — | — |
Data update history
When this profile's IRS filing data changed on Grantable
- IRS filings on file for fiscal years 2020–2024
Giving Over Time
Total grant dollars and number of grants per year
Grant Insights
How this funder distributes its grants
Top Recipients
Top 10 recipients in 2024
Grant Size Distribution
109 grants across all recorded years
Open Grants
2 open opportunities from Felix E Martin Jr Foundation Inc
Giving History
Grant recipients and amounts by year
Among its reported 2024 grants, the largest recipients include Muhlenberg County Fiscal Court ($984,649), Muhlenberg County Board of Education ($410,614), Greater Muhlenberg Parks & Recreation System ($140,540).
| Recipient | Purpose | Amount |
|---|---|---|
| MUHLENBERG COUNTY FISCAL COURT Greenville, KY | GOVERNMENT ENTITY | $984,649 |
| MUHLENBERG COUNTY BOARD OF EDUCATION Powderly, KY | EDUCATIONAL INSTITUTIONS | $410,614 |
| GREATER MUHLENBERG PARKS & RECREATION SYSTEM Greenville, KY | PARKS AND PLAYGROUNDS | $140,540 |
| CITY OF CENTRAL CITY Central City, KY | PUBLIC SOCIETY BENEFIT | $100,400 |
| MUHLENBERG COUNTY HIGH SCHOOL Greenville, KY | EDUCATIONAL INSTITUTIONS | $51,430 |
| BAPTIST HEALTH DEACONESS MADISONVILLE FOUNDATION INC Madisonville, KY | SINGLE ORGANIZATION SUPPORT | $50,000 |
| COMMUNITY FOUNDATION OF LOUISVILLE DEPOSITORY Louisville, KY | COMMUNITY FOUNDATIONS | $47,250 |
| PENNYROYAL REGIONAL PREVENTION CENTER Hopkinsville, KY | MENTAL HEALTH CRISIS INTERVENTION | $20,000 |
| PATHWAY OF HOPE Greenville, KY | FAMILY SERVICES | $16,500 |
| MUHLENBERG COUNTY PUBLIC LIBRARY SYSTEM Greenville, KY | LIBRARIES LIBRARY SCIENCE | $16,089 |
Leadership & Key People
Leadership team and compensation from IRS filings
Board of Directors (as of May 2026):
- Barbie Hunt (Vice Chair, through December 2024)
- Jason Vincent (Director, from January 2025)
- Jeff Taylor (Director)
Executive Compensation:
- President/Secretary position reported at $4,500 (FY2025)
Compensation Overview
From 2020 IRS filing
From 2024 IRS filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| Mark Campisano | Chair | 2 | — |
| Barbie Hunt | Vice Chair | 1 | — |
| Mike Mercer | Treasurer | 1 | — |
| Candance Brake | Director, Ended 02/24 | 1 | — |
| Lanie Gardner | Director | 1 | — |
| Sara Hemingway | Director, Ended 12/23 | 1 | — |
| Tony Peyton | Director, Start 01/24 | 1 | — |
| Jeff Taylor | Director, Start 05/24 | 1 | — |
| Mimi Zinniel | Director | 1 | — |
| Alyssa Manning | President/Secretary | 40 | — |
Recent News & Activity
Recent developments and announcements
**FY2024-2025 Distribution:**
The Foundation distributed nearly $3 million during the 2024-2025 fiscal year to support organizations, programs, and initiatives strengthening Muhlenberg County.
**Cumulative Impact:**
Since establishment in 2008, the Foundation has awarded over $41 million in grants to the community while maintaining and growing its endowment through strategic investment and careful stewardship.
**Website:** www.felixmartinfoundation.org
Subject Areas
Focus areas based on grantmaking activity
Frequently Asked Questions
What does Felix E Martin Jr Foundation Inc fund?
**Mission:** The Felix E. Martin Jr. Foundation seeks to enrich the lives of the citizens of Muhlenberg County, Kentucky by providing support to qualified organizations to meet educational, civic and cultural needs of the county, both today and for generations to come. **Strategic Focus Areas:** • Economic Development • Quality Education & Training • Community Development & Quality of Place • Community Engagement & Collaboration • Health & Human Services
How do I apply for a grant from Felix E Martin Jr Foundation Inc?
**Grant Program:** Community Grants Program **Grant Characteristics:** • Maximum grant award: $50,000 • Eligible applicants: Charitable organizations recognized by the IRS, churches, or units of government • Geographic preference: Organizations located in Muhlenberg County • Application deadline: Quarterly (next deadline October 5, 2026) **Recent Grant Activity (FY2025):** • Total grants distributed: $2.2 million across 25 grants • Median grant size: $15,000 • Grant distribution by category: Ed…
Where does Felix E Martin Jr Foundation Inc make grants?
Muhlenberg County, Kentucky. The Foundation serves a community of approximately 31,000 residents and prioritizes organizations located within the county.
What size grants does Felix E Martin Jr Foundation Inc award?
In 2024, Felix E Martin Jr Foundation Inc awarded 26 grants totaling $2.0M — an average of about $77K per grant, based on its IRS Form 990 filings.
What is Felix E Martin Jr Foundation Inc's EIN?
Felix E Martin Jr Foundation Inc's EIN (Employer Identification Number) is 26-2193468. IRS Form 990 filing data is available on this page for 2020–2024.
Explore Open Grants
Browse active grant opportunities in Felix E Martin Jr Foundation Inc's focus areas in our free grants database
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Data last updated September 2026. Sourced from IRS Form 990-PF filings. Research dossier generated September 2026.