Nicholas Martini Foundation
The Nicholas Martini Foundation is a private foundation established in 1986 and based in Newark, New Jersey. Operating as a 501(c)(3) tax-exempt organization, the foundation focuses its philanthropic efforts on education, youth development, public health and welfare, community development, and arts and humanities programs.
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$10.8M
-4.2% YoY
Annual Giving
$814K
-16.4% YoY
Grant Count
87
+52.6% YoY
Avg Grant Size
$9K
-45.3% YoY
Mission & Focus Areas
The foundation's giving priorities include:
- Youth and education programs
- Public health and welfare
- Community development
- Arts and humanities programs
- General support for nonprofit organizations
Primary funding focus areas encompass children's grants, youth programs and services, playground grants, and grants for nonprofits.
Grantmaking
The foundation made 15 grants in 2023, with total giving of $813,829. Typical grant awards range from $50 to $208,500.
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Geographic Focus
Where this funder awards grants
The foundation's grantmaking focuses primarily on New York, New Jersey, and the District of Columbia.
Grant Distribution by State
States
Cities
Financial History
Multi-year comparison from IRS filings
As of December 31, 2023:
- Total Assets: $11,318,282
- Total Revenues: $214,379
- Total Expenses: $1,214,441
- Total Liabilities: $29,700
- Investment Income and Dividends: $226,499
Staffing: The foundation operates with zero employees.
| Metric | 2024 | 2023 | 2022 |
|---|---|---|---|
| Total Assets | $10,839,012 | $11,318,282 | $12,290,000 |
| Revenue | $670,633 | $214,379 | $144,681 |
| Expenses | $1,138,133 | $1,214,441 | $691,960 |
| Qualifying Distributions | $1,011,959 | $1,097,689 | $557,982 |
| Net Investment Income | $594,817 | $170,575 | $144,659 |
| Distributable Amount | $631,635 | $581,956 | $742,988 |
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 2024
Grant Size Distribution
222 grants across all recorded years
Giving History
Grant recipients and amounts by year
No grants recorded for .
Leadership & Key People
Officers and directors from IRS filings
Compensation Overview
From 2024 IRS filing
From 2024 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| WILLIAM J MARTINI | TRUSTEE/PRESIDENT | 6 | $22,000 |
| GAIL A HANSEN | TRUSTEE | 0.5 | $5,412 |
| WILLIAM J MARTINI JR | TRUSTEE | 0.5 | $1,000 |
Contact Information
Address: PO Box 29, Newark, NJ 07101-0029
Telephone: 973-645-6340
EIN: 22-2756049
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Data last updated April 2026. Sourced from IRS Form 990-PF filings. Research dossier generated April 2026.
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