Marten Charitable Foundation Corporation

Private foundation · Grantmaker Carmel, IN EIN: 45-1198742

Marten Charitable Foundation Corporation is a private foundation, based in Carmel, IN. IRS filing data is available from 2019 through 2025. As of 2025, the organization holds $1.1M in total assets. In 2025, it awarded 1 grant totaling $4.5M. Net investment income was $200K.

Key facts about Marten Charitable Foundation Corporation

In short: Marten Charitable Foundation Corporation gave $4.5M across 1 grant in 2025 (avg $4.5M), mostly in Indiana. Source: 2025 IRS Form 990-PF.

EIN
45-1198742
Latest 990 filing
Form 990-PF, 2025
Annual giving (2025)
$4,500,000
Grants made (2025)
1
Average grant
$4,500,000
Median grant
$4,500,000
Total assets
$1,060,828
Primary geography
Indiana (100% 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

-80.2% YoY

Annual Giving

$4.5M

Grant Count

1

Avg Grant Size

$4.5M

Under IRS private-foundation payout rules, Marten Charitable Foundation Corporation reported a distributable amount of $216K for 2025 — the minimum it must pay out in qualifying distributions.

How Marten Charitable Foundation Corporation gives

  • Giving grew 466% from 2022 to 2025. Method
  • In 2025 it paid out well above 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

7states

Share of the 2025 grant dollars on its one itemized grant.

Cities

IndianapolisNotre DameHales CornersLawrencevilleAnn ArborBoys TownChamberlainMount CalvaryNew York

Giving Over Time

Total grant dollars and number of grants per year

$0$2M$4M$6M11 grants2019 6 grants2020 5 grants2021 3 grants2022 1 grant2023 0 grants2024 1 grant2025

From 2019 to 2025, annual grant giving ranged from $15K (2023) to $4.5M (2025). In 2025 it made 1 grant totaling $4.5M.

Grant Insights

How this funder distributes its grants

Top Recipients

Top recipient in 2025

University of Notre Dame: $4.5MUniversity of Notre Dame$4.5M

The largest 2025 recipient was University of Notre Dame ($4.5M).

Grant Size Distribution

10 grants across all recorded years

6<$50K$50–100K1$100–250K$250–500K2$500K–1M1$1–5M$5M+

The most common grant size was under $50K: 6 grants of 10 (60%).

Giving History

Grant recipients and amounts by year

RecipientPurposeAmount
University of Notre Dame Notre Dame, INGeneral Purposes$4,500,000

Financial History

Multi-year comparison from IRS filings

Revenue
Expenses
Qualifying Distributions
Net Investment Income
$0$2M$4M$6M2019 2020 2021 2022 2023 2024 2025
Metric202520242023
Total Assets$1,060,828$5,360,394$5,234,279
Revenue$252,889$176,897$1,083,948
Expenses$4,552,455$50,782$63,248
Qualifying Distributions$4,500,000—$15,000
Net Investment Income$200,434$126,115$1,035,700
Distributable Amount$215,617$301,703$242,025

Data update history

When this profile's IRS filing data changed on Grantable

  1. Updated Form 990-PF for fiscal year 2019 (received by the IRS May 21, 2020)
  2. Updated Form 990-PF for fiscal year 2020 (received by the IRS May 11, 2021)
  3. Updated Form 990-PF for fiscal year 2021 (received by the IRS August 5, 2022)
  4. Updated Form 990-PF for fiscal year 2022 (received by the IRS October 24, 2023)
  5. Updated Form 990-PF for fiscal year 2023 (received by the IRS October 10, 2024)
  6. Updated Form 990-PF for fiscal year 2024 (received by the IRS August 27, 2025)
  7. Added Form 990-PF for fiscal year 2025 (received by the IRS April 27, 2026)
  8. IRS filings on file for fiscal years 2019–2024

Leadership & Key People

Officers and directors from IRS filings

Marten Charitable Foundation Corporation is led by James W. Marten, President & Treasueer since 2024 (on filings since 2019); none of the 3 officers listed in 2025 report compensation.

Officers on the 2025 filing

  • James W. Marten

    President & Treasueer

    Treasurer → President & Treasueer, 2024

    On filings since 2019

    No compensation reported

  • David K. Marten

    Secretary

    On filings since 2019

    No compensation reported

  • Virginia Hupfer

    Vice President

    On filings since 2019

    No compensation reported

Former officers (1)
  • Former: Virginia Marten (2019–2023) — President

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.

Frequently asked questions about Marten Charitable Foundation Corporation

How much does Marten Charitable Foundation Corporation give each year?

Marten Charitable Foundation Corporation gave $4.5M across 1 grant in 2025, according to its 2025 IRS Form 990-PF.

How large is Marten Charitable Foundation Corporation?

Marten Charitable Foundation Corporation reported $1.1M in total assets on its 2025 IRS Form 990-PF. It paid out $4.5M in qualifying distributions that year, against a required minimum of $216K (roughly 5% of its investment assets).

Where does Marten Charitable Foundation Corporation operate?

Marten Charitable Foundation Corporation has awarded grants in Georgia, Indiana, Michigan, Nebraska, New York, South Dakota, Wisconsin.

What is Marten Charitable Foundation Corporation's EIN?

Marten Charitable Foundation Corporation's EIN (Employer Identification Number) is 45-1198742. 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.

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