Gerard and Carolyn Martin Foundation Inc

Private foundation · Grantmaker Odessa, FL EIN: 86-1232605

Gerard and Carolyn Martin Foundation Inc is a private foundation, based in Odessa, FL. IRS filing data is available from 2021 through 2025. As of 2025, the organization holds $1.1M in total assets. In 2025, it awarded 9 grants totaling $137K. Net investment income was $56K.

Key facts about Gerard and Carolyn Martin Foundation Inc

In short: Gerard and Carolyn Martin Foundation Inc gave $137K across 9 grants in 2025 (avg $15K), top state Nebraska. Source: 2025 IRS Form 990-PF.

EIN
86-1232605
Latest 990 filing
Form 990-PF, 2025
Annual giving (2025)
$136,784
Grants made (2025)
9
Average grant
$15,198
Median grant
$10,000
Total assets
$1,110,657
Primary geography
Nebraska (37% of itemized 2025 grant dollars)

Data from IRS Form 990-PF, 2025; updated September 2026.

Financial Overview

From 2025 IRS Form 990-PF · View filing

Total Assets

$1.1M

-7.1% YoY

Annual Giving

$137K

+9.0% YoY

Grant Count

9

-57.1% YoY

Avg Grant Size

$15K

+154.3% YoY

Under IRS private-foundation payout rules, Gerard and Carolyn Martin Foundation Inc reported a distributable amount of $56K for 2025 — the minimum it must pay out in qualifying distributions.

How Gerard and Carolyn Martin Foundation Inc gives

  • Giving grew 82% from 2022 to 2025. Method
  • In 2025 it paid out 253% of its IRS minimum distribution (the 5% rule). Method

From the foundation's IRS Form 990-PF filings. Methodology.

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Geographic Focus

Where this funder awards grants

Grant Distribution by State

15states

Share of 2025 grant dollars across all 9 itemized grants.

Cities

EnterpriseGrovelandOmahaLeesburgNew YorkTampaBooneClermontColorado SpringsDallasNew Port RicheyOviedoWashington DCAmericusBayfieldBurlestonCashtonCentral CityClarmontIndian Shores

Giving Over Time

Total grant dollars and number of grants per year

$0$50K$100K$150K4 grants2021 13 grants2022 19 grants2023 21 grants2024 9 grants2025

From 2021 to 2025, annual grant giving ranged from $69K (2021) to $137K (2025). In 2025 it made 9 grants totaling $137K.

Grant Insights

How this funder distributes its grants

Top Recipients

Top 9 recipients in 2025

Cues: $50KCues$50KAll Saints Episcopal Church: $28KAll Saints Episcopal Church$28KDonors Choose: $24KDonors Choose$24KSamaritan's Purse: $10KSamaritan's Purse$10KPortland Lutheran Church Cem: $10KPortland Lutheran Church Cem$10KThe Neighborhood Center of Southlake: $6KThe Neighborhood Center ofSouthlake$6KFirst Baptist Church: $5KFirst Baptist Church$5KGofundme: $3KGofundme$3KAnclote Elementary: $815Anclote Elementary$815

The largest 2025 recipient was Cues ($50K). Together the top 9 received $137K.

Grant Size Distribution

66 grants across all recorded years

63<$50K3$50–100K$100–250K$250–500K$500K–1M$1–5M$5M+

The most common grant size was under $50K: 63 grants of 66 (95%).

Giving History

Grant recipients and amounts by year

RecipientPurposeAmount
Cues Omaha, NEAssist W/Missionto Educate$50,000
All Saints Episcopal Church Enterprise, FLDonation to support Church general fund$28,000
Donors Choose New York, NYAssist Classrooms in Need$23,969
Samaritan's Purse Boone, NCAssist with mission for Hurricane Helene relief$10,000
Portland Lutheran Church Cem Cashton, WIUpkeep of on site cemetery$10,000
The Neighborhood Center of Southlake Groveland, FLAssist in mission to provide anyone in need with the necessary resources to improve lives.$6,000
First Baptist Church Leesburg, FLAssist with mission One Fund, helping area charities$5,000
Gofundme West Hollywood, CADonation to the Loving Memory Brandon Ward Scholarship$3,000
Anclote Elementary New Port Richey, FLPurchase custom floor mats for under drinking fountains to eliminate slip hazard$815

Financial History

Multi-year comparison from IRS filings

Revenue
Expenses
Qualifying Distributions
Net Investment Income
$0$500K$1M$1.5M$2M2021 2022 2023 2024 2025
Metric202520242023
Total Assets$1,110,657$1,195,366$1,267,757
Revenue$61,441$56,698$-17,061
Expenses$148,566$136,353$136,435
Qualifying Distributions$141,868$130,719$131,005
Net Investment Income$56,357$51,143$53,520
Distributable Amount$56,003$58,761$58,348

Data update history

When this profile's IRS filing data changed on Grantable

  1. Updated Form 990-PF for fiscal year 2021 (received by the IRS June 17, 2022)
  2. Updated Form 990-PF for fiscal year 2022 (received by the IRS March 13, 2023)
  3. Updated Form 990-PF for fiscal year 2023 (received by the IRS March 7, 2024)
  4. Updated Form 990-PF for fiscal year 2024 (received by the IRS May 8, 2025)
  5. Updated Form 990-PF for fiscal year 2025 (received by the IRS March 18, 2026)
  6. IRS filings on file for fiscal years 2021–2025

Leadership & Key People

Officers and directors from IRS filings

Gerard and Carolyn Martin Foundation Inc's 2025 filing lists 3 officers; none of the 3 officers listed in 2025 report compensation.

Officers on the 2025 filing

  • Cheryl Berg

    Trustee

    Secretary → Trustee, 2022

    On filings since 2021

    1 hr/week

    No compensation reported

  • Dennis Martin

    Trustee

    President & Treasurer → Trustee, 2022

    On filings since 2021

    1 hr/week

    No compensation reported

  • Victoria Breitenfield

    Trustee

    Director → Trustee, 2022

    On filings since 2021

    1 hr/week

    No compensation reported

Data from IRS Form 990 filings, 2021–2025. "On filings since" is the earliest filing we hold that lists the person; hours are average hours per week as reported.

Frequently asked questions about Gerard and Carolyn Martin Foundation Inc

How much does Gerard and Carolyn Martin Foundation Inc give each year?

Gerard and Carolyn Martin Foundation Inc gave $137K across 9 grants in 2025, according to its 2025 IRS Form 990-PF. In 2024 it gave $126K across 21 grants.

What is Gerard and Carolyn Martin Foundation Inc's typical grant size?

Gerard and Carolyn Martin Foundation Inc's median grant in 2025 was $10,000, and its average grant was $15,198, across 9 grants on its 2025 IRS Form 990-PF.

Where does Gerard and Carolyn Martin Foundation Inc give grants?

Gerard and Carolyn Martin Foundation Inc's top state is Nebraska, with 37% of the grant dollars itemized on its 2025 IRS Form 990-PF. The next largest states were Florida (29%) and New York (18%).

Does Gerard and Carolyn Martin Foundation Inc give general operating support?

Yes: 11% of Gerard and Carolyn Martin Foundation Inc's 2025 grants with a stated purpose (1 of 9) were for general or operating support, per its 2025 IRS Form 990-PF.

Who are Gerard and Carolyn Martin Foundation Inc's largest grantees?

Gerard and Carolyn Martin Foundation Inc's largest 2025 grantees include Cues ($50,000), All Saints Episcopal Church ($28,000) and Donors Choose ($23,969), according to its 2025 IRS Form 990-PF. Together they received 75% of its itemized 2025 grant dollars.

How large is Gerard and Carolyn Martin Foundation Inc?

Gerard and Carolyn Martin Foundation Inc reported $1.1M in total assets on its 2025 IRS Form 990-PF. It paid out $142K in qualifying distributions that year, against a required minimum of $56K (roughly 5% of its investment assets).

What is Gerard and Carolyn Martin Foundation Inc's EIN?

Gerard and Carolyn Martin Foundation Inc's EIN (Employer Identification Number) is 86-1232605. IRS Form 990 filing data is available on this page for 2021–2025.

Data last updated September 2026. Sourced from IRS Form 990-PF filings.

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