Martin Charles L & Opal Charitable

DEWEY, OK EIN: 81-7023076

Martin Charles L & Opal Charitable is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in DEWEY, OK. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $4.3M in total assets. In 2024, it awarded 5 grants totaling $234K. Net investment income was $294K.

Financial Overview

From 2024 IRS Form 990-PF · View filing

Total Assets

$4.3M

+0.7% YoY

Annual Giving

$234K

+5.4% YoY

Grant Count

+0.0% YoY

Avg Grant Size

$47K

+5.4% YoY

Under IRS private-foundation payout rules, Martin Charles L & Opal Charitable reported a distributable amount of $228K for 2024 — the minimum it must pay out in qualifying distributions.

About Martin Charles L & Opal Charitable

Based on IRS filings

Focus Areas

Philanthropy, Voluntarism & Grantmaking

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Geographic Focus

Where this funder awards grants

Grant Distribution by State

Oklahoma $1.2M (93%)

District of Columbia $91K (7%)

States

District of Columbia Oklahoma

Cities

BartlesvilleOklahoma CityWashington

Financial History

Multi-year comparison from IRS filings

Revenue

Expenses

Qualifying Distributions

Net Investment Income

Metric	2024	2023	2022
Total Assets	$4,343,063	$4,314,751	$4,481,837
Revenue	$323,160	$104,094	$181,391
Expenses	$283,328	$268,066	$377,426
Qualifying Distributions	$256,339	$242,904	$348,854
Net Investment Income	$294,095	$107,220	$148,174
Distributable Amount	$228,268	$217,341	$230,613

Giving Over Time

Total grant dollars and number of grants per year

Grant Insights

How this funder distributes its grants

Top Recipients

Top 5 recipients in 2024

Grant Size Distribution

23 grants across all recorded years

Giving History

Grant recipients and amounts by year

Among its reported 2024 grants, the largest include The Salvation Army Aok Dhq ($46,812), American Red Cross ($46,812), Elder Care ($46,812).

Recipient	Purpose	Amount
THE SALVATION ARMY AOK DHQ OKLAHOMA CITY, OK	PROGRAM SUPPORT	$46,812
AMERICAN RED CROSS WASHINGTON, DC	PROGRAM SUPPORT	$46,812
ELDER CARE BARTLESVILLE, OK	PROGRAM SUPPORT	$46,812
LIGHTHOUSE OUTREACH CENTER BARTLESVILLE, OK	PROGRAM SUPPORT	$46,812
MARY MARTHA OUTREACH INC BARTLESVILLE, OK	GENERAL PURPOSE	$46,812

Leadership & Key People

Officers and directors from IRS filings

Compensation Overview

From 2024 IRS filing

From 2024 filing

Name	Title	Hours	Compensation
ARVEST BANK	TRUSTEE	2	$43,707

Subject Areas

Focus areas based on grantmaking activity

Philanthropy, Voluntarism & Grantmaking

Frequently Asked Questions

What is Martin Charles L & Opal Charitable?

Martin Charles L & Opal Charitable is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in DEWEY, OK. It holds $4.3M in total assets as of 2024.

How large is Martin Charles L & Opal Charitable?

As of 2024, Martin Charles L & Opal Charitable holds $4.3M in total assets with $323K in annual revenue. It awarded 5 grants totaling $234K in 2024.

Where does Martin Charles L & Opal Charitable operate?

Martin Charles L & Opal Charitable has awarded grants in District of Columbia, Oklahoma.

What size grants does Martin Charles L & Opal Charitable award?

In 2024, Martin Charles L & Opal Charitable awarded 5 grants totaling $234K — an average of about $47K per grant, based on its IRS Form 990 filings.

How much is Martin Charles L & Opal Charitable required to give away each year?

Private foundations must generally distribute about 5% of their assets annually. For 2024, Martin Charles L & Opal Charitable reported a distributable amount of $228K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.

What is Martin Charles L & Opal Charitable's EIN?

Martin Charles L & Opal Charitable's EIN (Employer Identification Number) is 81-7023076. IRS Form 990 filing data is available on this page for 2020–2024.