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.
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
—
-100.0% YoY
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.
About Martini-welch Family Foundation
Based on IRS filings
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.
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 | — | $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 |
Giving Over Time
Total grant dollars and number of grants per year
Grant Insights
How this funder distributes its grants
Top Recipients
Top 9 recipients in 2024
Grant Size Distribution
29 grants across all recorded years
Giving History
Grant recipients and amounts by year
Among its reported 2024 grants, the largest include Shoals Marine Laboratory Cornell University ($500,000), University of Alaska Foundation ($117,424), Star Island Corporation ($100,000).
| Recipient | Purpose | Amount |
|---|---|---|
| 385TH BOMB GROUP ALPHARETTA, GA | TO SUPPORT THE HISTORICAL DOCUMENTATION OF THE 385TH BOMB GROUP. | $10,000 |
| SHOALS MARINE LABORATORY CORNELL UNIVERSITY ITHACA, NY | TO SUPPORT MARINE SCIENCE EDUCATION, RESEARCH, AND OUTREACH THROUGH ACADEMIC PROGRAMMING AND INNOVATIVE COLLABORATIONS. | $500,000 |
| 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 |
| UNIVERSITY OF ALASKA FOUNDATION ANCHORAGE, AK | FINANCIAL SUPPORT FOR THE UNIVERSITY OF ALASKA AND ITS PHILANTHROPIC MISSION. | $117,424 |
| LAHAINA YACHT CLUB FIRE REBUILD FUND LAHAINA, HI | TO AID IN REBUILDING STRUCTURES DAMAGED DURING THE LAHAINA WILDFIRES | $10,000 |
| CENTER FOR WOODEN BOATS SEATTLE, WA | TO SUPPORT THE LIVING MUSEUM AND ITS PROGRAMS, INCLUDING THE PRESERVATION OF MARITIME HERITAGE | $35,000 |
| HUMAN ANATOMY AND PHYSIOLOGY SOCIETY LAGRANGE, GA | TO PROMOTE AND SUPPORT PROGRAMS AND THE MISSION OF EXCELLENCE IN TEACHING ANATOMY AND PHYSIOLOGY | $100,000 |
| 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 |
Leadership & Key People
Officers and directors from IRS filings
Compensation Overview
From 2024 IRS filing
From 2024 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| FREDERIC H MARTINI | PRESIDENT | 1 | — |
| KATHLEEN WELCH | SECRETARY | 1 | — |
| DIRK EDWARDS | VICE PRESIDENT | 1 | — |
| PK MARTINI | DIRECTOR | 1 | — |
Subject Areas
Focus areas based on grantmaking activity
Frequently Asked Questions
What is Martini-welch Family Foundation?
Martini-welch Family Foundation is a private foundation focused on Education, based in RALEIGH, NC. It holds — in total assets as of 2024.
Where does Martini-welch Family Foundation operate?
Martini-welch Family Foundation has awarded grants in Alaska, Georgia, Hawaii, New Hampshire, New York, Texas, Washington.
What size grants does Martini-welch Family Foundation award?
In 2024, Martini-welch Family Foundation awarded 9 grants totaling $880K — an average of about $98K per grant, based on its IRS Form 990 filings.
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.
Explore Open Grants
Browse active grant opportunities in Martini-welch Family 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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