Martini-Welch Family Foundation
Martini-Welch Family Foundation is a private foundation focused on Education, based in Raleigh, NC. IRS filing data is available from 2020 through 2024. In 2024, it awarded 9 grants totaling $880K. Net investment income was $5K.
Key facts about Martini-Welch Family Foundation
In short: Martini-Welch Family Foundation gave $880K across 9 grants in 2024 (avg $98K), mostly in New York. Source: 2024 IRS Form 990-PF.
- EIN
- 84-4034486
- Latest 990 filing
- Form 990-PF, 2024
- Annual giving (2024)
- $879,924
- Grants made (2024)
- 9
- Average grant
- $97,769
- Median grant
- $35,000
- Primary geography
- New York (57% of itemized 2024 grant dollars)
Data from IRS Form 990-PF, 2024; updated September 2026.
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
—
Annual Giving
$880K
+170.3% YoY
Grant Count
9
+80.0% YoY
Avg Grant Size
$98K
+50.2% YoY
Under IRS private-foundation payout rules, Martini-Welch Family Foundation reported a distributable amount of $23K for 2024 — the minimum it must pay out in qualifying distributions.
How Martini-Welch Family Foundation gives
- Giving grew 1308% from 2021 to 2024. Method
- In 2024 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
Share of 2024 grant dollars across all 9 itemized grants.
Cities
Giving Over Time
Total grant dollars and number of grants per year
From 2020 to 2024, annual grant giving ranged from $63K (2020) to $880K (2024). In 2024 it made 9 grants totaling $880K.
Grant Insights
How this funder distributes its grants
Top Recipients
Top 9 recipients in 2024
The largest 2024 recipient was Shoals Marine Laboratory Cornell University ($500K). Together the top 9 received $880K.
Grant Size Distribution
29 grants across all recorded years
The most common grant size was under $50K: 24 grants of 29 (83%).
Giving History
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| Shoals Marine Laboratory Cornell University Ithaca, NY | To support marine science education, research, and outreach through academic programming and innovative collaborations. | $500,000 |
| University of Alaska Foundation Anchorage, AK | Financial support for the university of Alaska and its philanthropic mission. | $117,424 |
| Star Island Corporation Portsmouth, NH | To provide financial support to build community, employ economic fiscal practices, enhance the experience of the natural environment, and maintain stewardship practices of star island | $100,000 |
| Human Anatomy and Physiology Society Lagrange, GA | To promote and support programs and the mission of excellence in teaching anatomy and physiology | $100,000 |
| Center for Wooden Boats Seattle, WA | To support the living museum and its programs, including the preservation of maritime heritage | $35,000 |
| 385TH Bomb Group Alpharetta, GA | To support the historical documentation of the 385th bomb group. | $10,000 |
| Lahaina Yacht Club Fire Rebuild Fund Lahaina, HI | To aid in rebuilding structures damaged during the lahaina wildfires | $10,000 |
| Maui Humane Society Puunene, HI | To promote and support programs that protect and save the lives of maui's animals, educating the community, and inspiring respect and compassion toward all animals. | $5,000 |
| Eeyp Inc Richmond, TX | To support and promote programs that cultivate leaders, maintain a deep investment in youth, foster pride in our community, and build health pathways for self expression. | $2,500 |
Financial History
Multi-year comparison from IRS filings
| Metric | 2024 | 2023 | 2022 |
|---|---|---|---|
| Total Assets | — | $914,130 | $1,253,884 |
| Revenue | $5,227 | $-7,757 | $64,385 |
| Expenses | $894,142 | $331,997 | $70,655 |
| Qualifying Distributions | $879,924 | $325,501 | $65,500 |
| Net Investment Income | $5,227 | $17,684 | $64,026 |
| Distributable Amount | $22,567 | $39,555 | $54,615 |
Data update history
When this profile's IRS filing data changed on Grantable
- IRS filings on file for fiscal years 2020–2024
Leadership & Key People
Officers and directors from IRS filings
Martini-Welch Family Foundation is led by Frederic H. Martini, President on every filing since 2020; none of the 4 officers listed in 2024 report compensation.
Officers on the 2024 filing
Frederic H. Martini
President
On filings since 2020
1 hr/week
No compensation reported
Pk Martini
Director
On filings since 2020
1 hr/week
No compensation reported
Dirk Edwards
Vice President
On filings since 2020
1 hr/week
No compensation reported
Kathleen Welch
Secretary
On filings since 2020
1 hr/week
No compensation reported
Data from IRS Form 990 filings, 2020–2024. "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 Martini-Welch Family Foundation
How much does Martini-Welch Family Foundation give each year?
Martini-Welch Family Foundation gave $880K across 9 grants in 2024, according to its 2024 IRS Form 990-PF. In 2023 it gave $326K across 5 grants.
What is Martini-Welch Family Foundation's typical grant size?
Martini-Welch Family Foundation's median grant in 2024 was $35,000, and its average grant was $97,769, across 9 grants on its 2024 IRS Form 990-PF.
Where does Martini-Welch Family Foundation give grants?
Martini-Welch Family Foundation gives mostly in New York: 57% of the grant dollars itemized on its 2024 IRS Form 990-PF went to recipients there. The next largest states were Alaska (13%) and Georgia (13%).
Does Martini-Welch Family Foundation give general operating support?
Not in 2024: none of the 9 grants with a stated purpose on Martini-Welch Family Foundation's 2024 IRS Form 990-PF were described as general or operating support.
Who are Martini-Welch Family Foundation's largest grantees?
Martini-Welch Family Foundation's largest 2024 grantees include Shoals Marine Laboratory Cornell University ($500,000), University of Alaska Foundation ($117,424) and Star Island Corporation ($100,000), according to its 2024 IRS Form 990-PF. Together they received 82% of its itemized 2024 grant dollars.
What is Martini-Welch Family Foundation?
Martini-Welch Family Foundation is a private foundation focused on Education, based in Raleigh, NC.
How much is Martini-Welch Family Foundation required to give away each year?
Private foundations must generally distribute about 5% of their assets annually. For 2024, Martini-Welch Family Foundation reported a distributable amount of $23K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.
What is Martini-Welch Family Foundation's EIN?
Martini-Welch Family Foundation's EIN (Employer Identification Number) is 84-4034486. IRS Form 990 filing data is available on this page for 2020–2024.
Data last updated September 2026. Sourced from IRS Form 990-PF filings.
Here's the math on researching Martini-Welch Family Foundation by hand.
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