Martone Foundation
Martone Foundation is a private foundation, based in GLEN COVE, NY. IRS filing data is available from 2020 through 2025. As of 2025, the organization holds $400K in total assets. In 2025, it awarded 15 grants totaling $29K. Net investment income was $10K.
Financial Overview
From 2025 IRS Form 990-PF · View filing
Total Assets
$400K
-4.9% YoY
Annual Giving
$29K
-9.1% YoY
Grant Count
15
-16.7% YoY
Avg Grant Size
$2K
+9.1% YoY
Under IRS private-foundation payout rules, Martone Foundation reported a distributable amount of $22K for 2025 — the minimum it must pay out in qualifying distributions.
About Martone Foundation
Based on IRS filings
Martone Foundation is a private foundation, based in GLEN COVE, NY. IRS filing data is available from 2020 through 2025. As of 2025, the organization holds $400K in total assets. In 2025, it awarded 15 grants totaling $29K. Net investment income was $10K.
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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 | 2025 | 2024 | 2023 |
|---|---|---|---|
| Total Assets | $399,572 | $420,079 | $445,211 |
| Revenue | $14,112 | $14,031 | $34,955 |
| Expenses | $34,619 | $39,163 | $54,456 |
| Qualifying Distributions | $28,750 | $31,635 | $51,600 |
| Net Investment Income | $10,208 | $10,460 | $32,981 |
| Distributable Amount | $21,709 | $21,773 | $22,826 |
Giving Over Time
Total grant dollars and number of grants per year
Grant Insights
How this funder distributes its grants
Top Recipients
Top 10 recipients in 2025
Grant Size Distribution
101 grants across all recorded years
Giving History
Grant recipients and amounts by year
Among its reported 2025 grants, the largest include Christina Fontanelli Foudnation ($5,000), Long Island Lutheran ($5,000), St Boniface Church ($5,000).
| Recipient | Purpose | Amount |
|---|---|---|
| BRIDGES OF GREATER NEW YORK LYNBROOK, NY | CHARITABLE | $1,000 |
| CHRISTINA FONTANELLI FOUDNATION NEW YORK, NY | CHARITABLE | $5,000 |
| CHURCH OF THE INTERCESSOR MALVERNE, NY | CHARITABLE | $1,000 |
| GAIT MILFORD, PA | CHARITABLE | $4,500 |
| LONG ISLAND LUTHERAN BROOKVILLE, NY | CHARITABLE | $5,000 |
| MORGAN PARK SUMMER MUSIC FESTIVAL ASSOC GLEN COVE, NY | CHARITABLE | $1,000 |
| SEA CLIFF AMBULANCE RESCUE SQUAD SEA CLIFF, NY | CHARITABLE | $500 |
| SONS OF ITALY LODGE GLEN COVE 1016 GLEN COVE, NY | CHARITABLE | $1,000 |
| ST BONIFACE CHURCH SEA CLIFF, NY | CHARITABLE | $5,000 |
| ST VINCENT DEPAUL SOCIETY - HOLY FAMILY CHAPTER HICLSVILLE, NY | CHARITABLE | $1,000 |
Leadership & Key People
Officers and directors from IRS filings
Compensation Overview
From 2025 IRS filing
From 2025 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| MARYANN MARTONE | PRESIDENT | 1 | — |
| ROSE MARTONE POLAKOWSKI | VICE-PRESIDENT | 1 | — |
| LAURIE MARTONE | TREASURER | 1 | — |
| GINA BROWN MARTONE | SECRETARY | 1 | — |
Frequently Asked Questions
How large is Martone Foundation?
As of 2025, Martone Foundation holds $400K in total assets with $14K in annual revenue. It awarded 15 grants totaling $29K in 2025.
Where does Martone Foundation operate?
Martone Foundation has awarded grants in Colorado, Connecticut, New Jersey, New York, Pennsylvania, Virginia.
What size grants does Martone Foundation award?
In 2025, Martone Foundation awarded 15 grants totaling $29K — an average of about $2K per grant, based on its IRS Form 990 filings.
How much is Martone Foundation required to give away each year?
Private foundations must generally distribute about 5% of their assets annually. For 2025, Martone Foundation reported a distributable amount of $22K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.
What is Martone Foundation's EIN?
Martone Foundation's EIN (Employer Identification Number) is 23-7283011. IRS Form 990 filing data is available on this page for 2020–2025.
Explore Open Grants
Browse active grant opportunities in Martone 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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