Martini-welch Family Foundation

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.

Financial Overview

From 2024 IRS Form 990-PF · View filing

Total Assets

—

-100.0% YoY

Annual Giving

$880K

+170.3% YoY

Grant Count

+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

Focus Areas

Education

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Geographic Focus

Where this funder awards grants

Grant Distribution by State

New York $817K (59%)

Georgia $192K (14%)

New Hampshire $190K (14%)

Alaska $129K (9%)

Washington $45K (3%)

Hawaii $20K (1%)

Texas $3K (0%)

States

Alaska Georgia Hawaii New Hampshire New York Texas Washington

Cities

AlpharettaAnchorageDurhamIthacaKirklandLagrangeLahainaNew YorkPortsmouthPuuneneRichmondSeattleWailuku

Financial History

Multi-year comparison from IRS filings

Revenue

Expenses

Qualifying Distributions

Net Investment Income

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

Education

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.