Mart Foundation is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in BOSTON, MA. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $16.3M in total assets. In 2024, it awarded 2 grants totaling $1.0M. Net investment income was $880K.
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$16.3M
+1.0% YoY
Annual Giving
$1.0M
+0.0% YoY
Grant Count
2
+0.0% YoY
Avg Grant Size
$500K
+0.0% YoY
Under IRS private-foundation payout rules, Mart Foundation reported a distributable amount of $933K for 2024 — the minimum it must pay out in qualifying distributions.
About Mart Foundation
Based on IRS filings
Mart Foundation is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in BOSTON, MA. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $16.3M in total assets. In 2024, it awarded 2 grants totaling $1.0M. Net investment income was $880K.
Focus Areas
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Geographic Focus
Where this funder awards grants
Grant Distribution by State
States
Cities
Financial History
Multi-year comparison from IRS filings
| Metric | 2024 | 2023 | 2022 |
|---|---|---|---|
| Total Assets | $16,277,121 | $16,116,053 | $16,787,415 |
| Revenue | $1,197,645 | $400,085 | $624,065 |
| Expenses | $1,068,961 | $1,060,559 | $812,902 |
| Qualifying Distributions | $1,014,641 | $1,013,746 | $764,069 |
| Net Investment Income | $880,116 | $414,085 | $268,400 |
| Distributable Amount | $932,632 | $860,808 | $881,327 |
Giving Over Time
Total grant dollars and number of grants per year
Grant Insights
How this funder distributes its grants
Top Recipients
Top 2 recipients in 2024
Grant Size Distribution
8 grants across all recorded years
Giving History
Grant recipients and amounts by year
Among its reported 2024 grants, the largest include Forsyth Country Day School Inc ($500,000), Foundation of the University of ($500,000).
| Recipient | Purpose | Amount |
|---|---|---|
| FORSYTH COUNTRY DAY SCHOOL INC LEWISVILLE, NC | TO FUND SCHOLARSHIP PROGRAM | $500,000 |
| FOUNDATION OF THE UNIVERSITY OF Charlotte, NC | TO FUND SCHOLARSHIP PROGRAM | $500,000 |
Leadership & Key People
Officers and directors from IRS filings
Compensation Overview
From 2024 IRS filing
From 2024 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| CIBC National Trust Company | TRUSTEE | — | $58,563 |
| ROBERT A NIBLOCK | MANAGER | — | — |
Subject Areas
Focus areas based on grantmaking activity
Frequently Asked Questions
What is Mart Foundation?
Mart Foundation is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in BOSTON, MA. It holds $16.3M in total assets as of 2024.
How large is Mart Foundation?
As of 2024, Mart Foundation holds $16.3M in total assets with $1.2M in annual revenue. It awarded 2 grants totaling $1.0M in 2024.
Where does Mart Foundation operate?
Mart Foundation has awarded grants in North Carolina.
What size grants does Mart Foundation award?
In 2024, Mart Foundation awarded 2 grants totaling $1.0M — an average of about $500K per grant, based on its IRS Form 990 filings.
How much is Mart Foundation required to give away each year?
Private foundations must generally distribute about 5% of their assets annually. For 2024, Mart Foundation reported a distributable amount of $933K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.
What is Mart Foundation's EIN?
Mart Foundation's EIN (Employer Identification Number) is 81-3022126. IRS Form 990 filing data is available on this page for 2020–2024.
Explore Open Grants
Browse active grant opportunities in Mart Foundation's focus areas in our free grants database
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Data last updated April 2026. Sourced from IRS Form 990-PF filings.
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