Mart Foundation
Mart Foundation is a private foundation, based in Boston, MA. IRS filing data is available from 2019 through 2025. As of 2025, the organization holds $17.0M in total assets. In 2025, it awarded 1 grant totaling $750K. Net investment income was $1.3M.
Mart Foundation at a glance
In short: Mart Foundation gave $750K across 1 grant in 2025 (avg $750K), mostly in North Carolina. Source: 2025 IRS Form 990-PF.
- Annual giving (2025)
- $750,000
- -25.0% vs 2024
- Grants made (2025)
- 1
- -50.0% vs 2024
- Average grant
- $750,000
- +50.0% vs 2024
- Median grant
- $750,000
- Total assets
- $17,040,392
- +4.7% vs 2024
- Primary geography
- North Carolina (100% of itemized 2025 grant dollars)
- Latest 990 filing
- Form 990-PF, 2025 View filing
Data from IRS Form 990-PF, 2025; updated September 2026.
Who Mart Foundation funds
How this funder distributes its grants
Grant Size Distribution
8 grants across all recorded years
The most common grant size was in the $500K–1M range: 7 grants of 8 (88%).
Geographic Focus
Where this funder awards grants
Grant Distribution by State
Share of the 2025 grant dollars on its one itemized grant.
States
Cities
How Mart Foundation gives
- Giving held roughly steady from 2022 to 2025 (+0%). Method
- In 2025 it paid out 79% of its IRS minimum distribution (the 5% rule). Foundations have until the end of the next year to meet it. Method
From the foundation's IRS Form 990-PF filings. Methodology.
Giving History
Giving Over Time
Total grant dollars and number of grants per year
From 2019 to 2025, annual grant giving ranged from $165K (2019) to $1.0M (2024). In 2025 it made 1 grant totaling $750K.
Grants by year
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| 1 individual scholarship Recipients not named | — | $750,000 |
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Financial History
Multi-year comparison from IRS filings
| Filing year | Total Assets | Revenue | Expenses | Grants paid | Grants | Qualifying Distributions | Net Investment Income | Distributable Amount |
|---|---|---|---|---|---|---|---|---|
| 2025 | $17,040,392 | $1,617,679 | $827,186 | $750,000 | 1 | $764,679 | $1,309,347 | $963,073 |
| 2024 | $16,277,121 | $1,197,645 | $1,068,961 | $1,000,000 | 2 | $1,014,641 | $880,116 | $932,632 |
| 2023 | $16,116,053 | $400,085 | $1,060,559 | $1,000,000 | 2 | $1,013,746 | $414,085 | $860,808 |
| 2022 | $16,787,415 | $624,065 | $812,902 | $750,000 | 2 | $764,069 | $268,400 | $881,327 |
| 2021 | $16,988,952 | $6,033,580 | $668,639 | $500,000 | 1 | $513,484 | $5,731,313 | $860,056 |
| 2020 | $11,643,460 | $3,698,832 | $655,637 | $500,000 | 1 | — | $3,290,094 | $574,202 |
| 2019 | $8,607,563 | $5,647,074 | $187,513 | $165,000 | 1 | — | $4,078,977 | $283,803 |
Under IRS private-foundation payout rules, Mart Foundation reported a distributable amount of $963K for 2025 — the minimum it must pay out in qualifying distributions.
Leadership & Key People
Officers and directors from IRS filings
Mart Foundation's 2025 filing lists 2 officers; 1 of 2 officers listed in 2025 is compensated.
Officers on the 2025 filing
CIBC National Trust Company
Trustee
On filings since 2019
$17K (2019) → $59K (2025)
Robert A. Niblock
Manager
On filings since 2019
No compensation reported
Former officers (2)
- Former: W. Scott Thompson (2019–2022) — Manager
- Former: Amy K. Smith (2020–2022) — Manager
Data from IRS Form 990 filings, 2019–2025. "On filings since" is the earliest filing we hold that lists the person; hours are average hours per week as reported.
Compensation Overview
From 2025 IRS filing
The highest reported compensation on the 2025 filing was $59K, to CIBC National Trust Company (Trustee).
Frequently asked questions about Mart Foundation
How much does Mart Foundation give each year?
Mart Foundation gave $750K across 1 grant in 2025, according to its 2025 IRS Form 990-PF. In 2024 it gave $1.0M across 2 grants.
How large is Mart Foundation?
Mart Foundation reported $17.0M in total assets on its 2025 IRS Form 990-PF. It paid out $765K in qualifying distributions that year, against a required minimum of $963K (roughly 5% of its investment assets). Falling short in one year is not a violation: foundations have until the end of the next year to meet the minimum.
Where does Mart Foundation operate?
Mart Foundation has awarded grants in North Carolina.
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 2019–2025.
Data last updated September 2026. Sourced from IRS Form 990-PF filings.
Data update history
(3)
When this profile's IRS filing data changed on Grantable
- Added Form 990-PF for fiscal year 2019 (received by the IRS June 10, 2020)
- Added Form 990-PF for fiscal year 2025 (received by the IRS June 24, 2026)
- IRS filings on file for fiscal years 2020–2024
Explore Open Grants
Browse active grant opportunities in Mart Foundation's focus areas in our free grants database
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