Martin Foundation is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in CORALVILLE, IA. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $364K in total assets. In 2024, it awarded 3 grants totaling $20K. Net investment income was $610.
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$364K
-5.1% YoY
Annual Giving
$20K
-0.5% YoY
Grant Count
3
-40.0% YoY
Avg Grant Size
$7K
+65.8% YoY
Under IRS private-foundation payout rules, Martin Foundation reported a distributable amount of $19K for 2024 — the minimum it must pay out in qualifying distributions.
About Martin Foundation
Based on IRS filings
Martin Foundation is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in CORALVILLE, IA. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $364K in total assets. In 2024, it awarded 3 grants totaling $20K. Net investment income was $610.
Focus Areas
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Geographic Focus
Where this funder awards grants
Grant Distribution by State
Cities
Financial History
Multi-year comparison from IRS filings
| Metric | 2024 | 2023 | 2022 |
|---|---|---|---|
| Total Assets | $364,055 | $383,476 | $407,190 |
| Revenue | $1,910 | $1,986 | $1,780 |
| Expenses | $21,331 | $25,700 | $49,566 |
| Qualifying Distributions | $20,000 | $20,100 | $47,300 |
| Net Investment Income | $610 | $608 | $597 |
| Distributable Amount | $18,675 | $19,580 | $21,946 |
Giving Over Time
Total grant dollars and number of grants per year
Grant Insights
How this funder distributes its grants
Top Recipients
Top 3 recipients in 2024
Grant Size Distribution
13 grants across all recorded years
Giving History
Grant recipients and amounts by year
Among its reported 2024 grants, the largest include Open Heartland ($10,000), Houses Into Homes ($5,000), St Jude Children's Research Hospital ($5,000).
| Recipient | Purpose | Amount |
|---|---|---|
| OPEN HEARTLAND IOWA CITY, IA | SUPPORT OF A LOCAL CHARITY THAT SUPPORTS THE LOCAL COMMUNITY | $10,000 |
| HOUSES INTO HOMES CORALVILLE, IA | SUPPORT OF A LOCAL CHARITY THAT SUPPORTS THE LOCAL COMMUNITY | $5,000 |
| ST JUDE CHILDREN'S RESEARCH HOSPITAL MEMPHIS, TN | SUPPORT OF A LOCAL CHARITY THAT SUPPORTS THE LOCAL COMMUNITY | $5,000 |
Leadership & Key People
Officers and directors from IRS filings
Compensation Overview
From 2024 IRS filing
From 2024 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| WILLIAM MARTIN III | PRESIDENT | 0.5 | — |
| KIMBERLY JENNINGS-MARTIN | VICE PRESIDENT | 0.5 | — |
Subject Areas
Focus areas based on grantmaking activity
Frequently Asked Questions
What is Martin Foundation?
Martin Foundation is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in CORALVILLE, IA. It holds $364K in total assets as of 2024.
How large is Martin Foundation?
As of 2024, Martin Foundation holds $364K in total assets with $2K in annual revenue. It awarded 3 grants totaling $20K in 2024.
Where does Martin Foundation operate?
Martin Foundation has awarded grants in Iowa, Tennessee.
What size grants does Martin Foundation award?
In 2024, Martin Foundation awarded 3 grants totaling $20K — an average of about $7K per grant, based on its IRS Form 990 filings.
How much is Martin Foundation required to give away each year?
Private foundations must generally distribute about 5% of their assets annually. For 2024, Martin Foundation reported a distributable amount of $19K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.
What is Martin Foundation's EIN?
Martin Foundation's EIN (Employer Identification Number) is 83-1417504. IRS Form 990 filing data is available on this page for 2020–2024.
Explore Open Grants
Browse active grant opportunities in Martin 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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