Martinsville Newco

Private foundation · Grantmaker Martinsville, VA EIN: 54-0555800

Martinsville Newco is a private foundation focused on Health, based in Martinsville, VA. IRS filing data is available from 2020 through 2023. In 2023, it awarded 1 grant totaling $3K.

Key facts about Martinsville Newco

In short: Martinsville Newco gave $3K across 1 grant in 2023 (avg $3K), mostly in Virginia. Source: 2023 IRS Form 990-PF.

EIN
54-0555800
Latest 990 filing
Form 990-PF, 2023
Annual giving (2023)
$2,689
Grants made (2023)
1
Average grant
$2,689
Median grant
$2,689
Primary geography
Virginia (100% of itemized 2023 grant dollars)

Data from IRS Form 990-PF, 2023; updated September 2026.

Financial Overview

From 2023 IRS Form 990-PF · View filing

Total Assets

—

-100.0% YoY

Annual Giving

$3K

-99.3% YoY

Grant Count

1

+0.0% YoY

Avg Grant Size

$3K

-99.3% YoY

How Martinsville Newco gives

  • In 2022 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

1state

Share of the 2023 grant dollars on its one itemized grant.

States

Cities

CollinsvilleRoanoke

Giving Over Time

Total grant dollars and number of grants per year

$0$100K$200K$300K$400K0 grants2020 0 grants2021 1 grant2022 1 grant2023

From 2022 to 2023, annual grant giving ranged from $3K (2023) to $368K (2022). In 2023 it made 1 grant totaling $3K.

Grant Insights

How this funder distributes its grants

Top Recipients

Top recipient in 2023

Community Foundation Serving Western VA: $3KCommunity Foundation ServingWestern VA$3K

The largest 2023 recipient was Community Foundation Serving Western VA ($3K).

Grant Size Distribution

2 grants across all recorded years

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

The most common grant size was under $50K: 1 grant of 2 (50%).

Giving History

Grant recipients and amounts by year

RecipientPurposeAmount
Community Foundation Serving Western VA Roanoke, VAMHC Community Enrichment Fund$2,689

Financial History

Multi-year comparison from IRS filings

Expenses
Qualifying Distributions
$0$200K$400K$600K2020 2021 2022 2023
Metric202320222021
Total Assets—$10,678$379,134
Expenses$10,678$368,456$1,585
Qualifying Distributions$10,678$368,456$10,399
Distributable Amount—$542$815

Data update history

When this profile's IRS filing data changed on Grantable

  1. IRS filings on file for fiscal years 2020–2023

Leadership & Key People

Officers and directors from IRS filings

Martinsville Newco is led by Kelvin G. Perry, President on filings since 2020; none of the 6 officers listed in 2023 report compensation.

Officers on the 2023 filing

  • Kelvin G. Perry

    President

    On filings since 2020

    2 hrs/week

    No compensation reported

  • Danny Wulff

    Chairman

    On filings since 2021

    2 hrs/week

    No compensation reported

  • William L. Kirby IV

    Director

    Chairperson → Director, 2022

    On filings since 2020

    2 hrs/week

    No compensation reported

  • Litz Van Dyke

    Director

    New on the 2023 filing

    2 hrs/week

    No compensation reported

  • Anne J. Smith

    Treasurer

    Director → Treasurer, 2023

    On filings since 2021

    2 hrs/week

    No compensation reported

  • Travis Hodge

    Secretary

    New on the 2023 filing

    2 hrs/week

    No compensation reported

Former officers (6)
  • Former: David L. Stone Jr. (2020–2022) — Secretary
  • Former: John Patrick Favero DO (2021–2022) — Treasurer
  • Former: Monica T. Monday Esq. (2021–2022) — President
  • Former: Charles R. Whitfield (2020) — Director
  • Former: James M. Tobin (2020) — Secretary
  • Former: Valenica Eggleston-Clark MD (2020) — Treasurer

Data from IRS Form 990 filings, 2020–2023. "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 Martinsville Newco

How much does Martinsville Newco give each year?

Martinsville Newco gave $3K across 1 grant in 2023, according to its 2023 IRS Form 990-PF. In 2022 it gave $368K across 1 grant.

What is Martinsville Newco?

Martinsville Newco is a private foundation focused on Health, based in Martinsville, VA.

Where does Martinsville Newco operate?

Martinsville Newco has awarded grants in Virginia.

What is Martinsville Newco's EIN?

Martinsville Newco's EIN (Employer Identification Number) is 54-0555800. IRS Form 990 filing data is available on this page for 2020–2023.

Data last updated September 2026. Sourced from IRS Form 990-PF filings.

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