Martini-Welch Family Foundation

Private foundation · Grantmaker Raleigh, NC EIN: 84-4034486

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.

Your AI grants department

Ready to take the next step with Martini-Welch Family Foundation?

Fully replaces Grant database subscriptions Instrumentl · Foundation Directory · GrantStation & similar

Geographic Focus

Where this funder awards grants

Grant Distribution by State

7states

Share of 2024 grant dollars across all 9 itemized grants.

Cities

AlpharettaAnchorageLagrangeDurhamIthacaPortsmouthKirklandLahainaNew YorkPuuneneRichmondSeattleWailuku

Giving Over Time

Total grant dollars and number of grants per year

$0$250K$500K$750K$1M4 grants2020 4 grants2021 7 grants2022 5 grants2023 9 grants2024

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

Shoals Marine Laboratory Cornell University: $500KShoals Marine LaboratoryCornell University$500KUniversity of Alaska Foundation: $117KUniversity of AlaskaFoundation$117KStar Island Corporation: $100KStar Island Corporation$100KHuman Anatomy and Physiology Society: $100KHuman Anatomy and PhysiologySociety$100KCenter for Wooden Boats: $35KCenter for Wooden Boats$35K385TH Bomb Group: $10K385TH Bomb Group$10KLahaina Yacht Club Fire Rebuild Fund: $10KLahaina Yacht Club FireRebuild Fund$10KMaui Humane Society: $5KMaui Humane Society$5KEeyp Inc: $3KEeyp Inc$3K

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

24<$50K$50–100K3$100–250K1$250–500K1$500K–1M$1–5M$5M+

The most common grant size was under $50K: 24 grants of 29 (83%).

Giving History

Grant recipients and amounts by year

RecipientPurposeAmount
Shoals Marine Laboratory Cornell University Ithaca, NYTo support marine science education, research, and outreach through academic programming and innovative collaborations.$500,000
University of Alaska Foundation Anchorage, AKFinancial support for the university of Alaska and its philanthropic mission.$117,424
Star Island Corporation Portsmouth, NHTo 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, GATo promote and support programs and the mission of excellence in teaching anatomy and physiology$100,000
Center for Wooden Boats Seattle, WATo support the living museum and its programs, including the preservation of maritime heritage$35,000
385TH Bomb Group Alpharetta, GATo support the historical documentation of the 385th bomb group.$10,000
Lahaina Yacht Club Fire Rebuild Fund Lahaina, HITo aid in rebuilding structures damaged during the lahaina wildfires$10,000
Maui Humane Society Puunene, HITo 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, TXTo 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

Revenue
Expenses
Qualifying Distributions
Net Investment Income
$0$250K$500K$750K$1M2020 2021 2022 2023 2024
Metric202420232022
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

  1. 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.

Your AI grants department

Here's the math on researching Martini-Welch Family Foundation by hand.

Explore Open Grants

Browse active grant opportunities in Martini-Welch Family Foundation's focus areas in our free grants database

Similar Funders

Funders with grantees in common, and similar funders in North Carolina

Ima Foundation

Wichita, KS

Assets

$11.4M

Grants

602

Total Given

$831K

Enterprise Holdings Foundation

Saint Louis, MO

Enterprise Holdings Foundation supports nonprofits in health, education, arts, disaster relief, reforestation, hunger relief, and community equity, with an emphasis on organizations actively supported by Enterprise employees and their families. Its reported grants range widely: 2024 giving averaged about $7,700 across 9,499 grants, while the foundation also offers awards of up to $40,000; it supports communities where Enterprise operates worldwide. Unsolicited requests are accepted at any time, but eligible applications must be submitted by an Enterprise team member or their spouse or domestic partner on behalf of a nonprofit they actively support.

Assets

$594.3M

Grants

1

Total Given

$101.4M

Silicon Valley Community Foundation

Mountain View, CA

Silicon Valley Community Foundation funds work in areas such as housing, economic security, education, health, the environment, arts and culture, and civic engagement, with Community Action Grants supporting local, community-led organizations in San Mateo and Santa Clara counties. Its 2024 grants had a median of $51,716, though amounts varied widely; applications depend on the program, and SVCF states that it does not accept unsolicited proposals for advised funds.

Philanthropy, Voluntarism & Grantmaking

Assets

$12.3B

Grants

3,576

Total Given

$3.2B

Orange County Community Foundation

Irvine, CA

OCCF supports nonprofits across arts and culture, education, health, human services, the environment, and community development, primarily in Orange County but also beyond through its charitable funds. Its 2025 grants had a median amount of $25,000, though awards varied widely; the profile does not state whether it accepts unsolicited requests.

Assets

$743.6M

Grants

975

Total Given

$120.4M

State Employees Credit Union Foundation

Raleigh, NC

The foundation funds capital projects, regional or statewide programs, and organizational capacity building that strengthen North Carolina communities; it favors projects with broad or replicable impact and does not fund operating budgets or shortfalls. Its 2025 grants ranged from $1,250 to $1 million, with a median of $2,500. Applications are accepted at any time and typically reviewed semiannually.

Philanthropy, Voluntarism & Grantmaking

Assets

$61.0M

Grants

1,806

Total Given

$17.4M

Foundation for the Carolinas

Charlotte, NC

Foundation For The Carolinas funds nonprofits and other eligible organizations working in areas such as education, health and human services, the environment, youth development, and animal welfare, primarily across 13 counties in North and South Carolina. Its 2024 grants had a median of $25,000, though amounts varied widely; most grants are donor-recommended and have no application process, while some competitive programs accept applications under program-specific rules.

Philanthropy, Voluntarism & Grantmaking

Assets

$3.9B

Grants

1,605

Total Given

$609.1M

Dogwood Health Trust

Asheville, NC

Dogwood Health Trust funds organizations working to improve health and wellbeing through housing, education, economic opportunity, and health and wellness in Western North Carolina’s 18 counties and the Qualla Boundary. Its 2024 grants ranged from $2,000 to $21 million, with a median of $37,500; amounts vary by opportunity.

Assets

$2.0B

Grants

835

Total Given

$148.2M

The Winston-Salem Foundation

Winston-Salem, NC

The Winston-Salem Foundation funds nonprofits and community groups serving Forsyth County, North Carolina, across areas including education, housing, health, arts, community development, and human services. Its 2024 grants had a median of $25,000; specific programs offer up to $2,000 for small grants, $30,000 for civic engagement and inclusion, and $15,000 through The Women’s Fund. It accepts applications through its grants portal for listed programs, subject to their requirements and deadlines.

Philanthropy, Voluntarism & Grantmaking

Assets

$630.1M

Grants

823

Total Given

$90.4M

The Community Foundation of Western North Carolina Inc

Asheville, NC

The Community Foundation of Western North Carolina funds nonprofits and public agencies working in cultural resources, education, human services and natural resources, with some programs also accepting faith communities. Grants serve 18 Western North Carolina counties and the Qualla Boundary; the median 2025 grant was $25,000, and the Human Services and Education program offers up to $25,000. Application access and deadlines vary by program; the profile does not state whether unsolicited requests are accepted.

Philanthropy, Voluntarism & Grantmaking

Assets

$481.0M

Grants

793

Total Given

$59.4M

North Carolina Community Foundation Inc

Raleigh, NC

The North Carolina Community Foundation supports local needs across North Carolina, especially in rural communities, including human services, education, youth development, health, food and nutrition, arts, and scholarships. Its 2025 grants had a median award of $15,000, though amounts varied widely; organizations may apply through the relevant affiliate, giving circle, or community fund, with eligibility and deadlines varying by program.

Philanthropy, Voluntarism & Grantmaking

Assets

$569.1M

Grants

732

Total Given

$30.6M

Triangle Community Foundation Inc

Durham, NC

The foundation supports nonprofits working in cultural arts, education and youth, nonprofit capacity building, and sustainable communities, with discretionary grants focused on Durham, Orange, Wake, and Chatham Counties in North Carolina. Its 2025 grants had a median of $20,000, though amounts varied widely. Eligible nonprofits or fiscally sponsored organizations can apply through its online system during open grant cycles, so requests are accepted when a relevant cycle is open.

Philanthropy, Voluntarism & Grantmaking

Assets

$335.8M

Grants

599

Total Given

$26.7M

Seattle Foundation

Seattle, WA

Seattle Foundation funds community-led work advancing racial and economic equity in Greater Seattle, including housing, economic opportunity, climate justice, democracy, arts, and organizing; some programs support specific medical or performing-arts needs. Its 2024 grants ranged from $60 to $7 million, with a median of $6,000. It accepts unsolicited requests through program-specific applications or letters of inquiry.

Philanthropy, Voluntarism & Grantmaking

Assets

$1.4B

Grants

5,379

Total Given

$177.9M

More Funders in North Carolina

Martini-Welch Family Foundation down — hundreds of funders to go?

Want AI to do this for you?