Nicholas Martini Foundation

NEWARK, NJ EIN: 22-2756049

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

+52.6% YoY

Avg Grant Size

$9K

-45.3% YoY

Under IRS private-foundation payout rules, Nicholas Martini Foundation reported a distributable amount of $632K for 2024 — the minimum it must pay out in qualifying distributions.

Research compiled by Grantable AI from public sources. Last updated April 2026.

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.

Ready to take the next step with Nicholas Martini Foundation?

Assess fit for your org Draft an LOI Find open RFPs

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

New Jersey $2.6M (79%)

New York $555K (17%)

District of Columbia $36K (1%)

Tennessee $35K (1%)

Illinois $25K (1%)

Florida $17K (1%)

Connecticut $9K (0%)

Ohio $6K (0%)

+9 more states

States

Alaska California Colorado Connecticut District of Columbia Delaware Florida Illinois Maryland Michigan North Carolina New Jersey New York Ohio Pennsylvania Tennessee Texas

Cities

AnchorageAustinBay HeadBaysideBooneBoulderBrickBronxBrooklynChicagoCliftonColorado SpringsColumbusCuyahoga FallsDenverEast HanoverEatontownEdisonElizabethFlorham Park

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.

Revenue

Expenses

Qualifying Distributions

Net Investment Income

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

Among its reported 2024 grants, the largest include Community Food Bank ($27,000), John Cabot University ($26,300), Boys & Girls Club of Kip's Bay ($26,120).

Recipient	Purpose	Amount
ACE QUEENS, NY	GENERAL SUPPORT	$1,071
ALSAC MEMPHIS, TN	GENERAL SUPPORT	$23,000
AMERICAN FOUNDATION-SAVOY NEW YORK, NY	GENERAL SUPPORT	$13,000
AMERICAN INTERNATIONAL SCHOOL SYSTEM	GENERAL SUPPORT	$20,000
AMERICAN RED CROSS NEW YORK, NY	GENERAL SUPPORT	$15,000
AMERICAN SCANDINAVIAN FOUNDATION NEW YORK, NY	GENERAL SUPPORT	$1,080
ASSOCIATED HUMANE SOCIETIES NEWARK, NJ	GENERAL SUPPORT	$500
ATHENIA VETERANS POST CLIFTON, NJ	GENERAL SUPPORT	$500
BAY HEAD FIRE COMPANY NO 1 BAY HEAD, NJ	GENERAL SUPPORT	$120
BOYS & GIRLS CLUB OF KIP'S BAY BRONX, NY	GENERAL SUPPORT	$26,120

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

Frequently Asked Questions

What does Nicholas Martini Foundation fund?

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.

How do I apply for a grant from Nicholas Martini Foundation?

**Grant Activity:** The foundation made 15 grants in 2023, with total giving of $813,829. Typical grant awards range from $50 to $208,500. **Recent Grantees (2023):** • Medical Staff of Hackassack University Medical Center: $208,500 • Association for Computing Machinery / William Paterson College of NJ: $125,000 • John Cabot University: $97,280 The foundation primarily funds general support for its grantees.

Where does Nicholas Martini Foundation make grants?

The foundation's grantmaking focuses primarily on New York, New Jersey, and the District of Columbia.

What size grants does Nicholas Martini Foundation award?

In 2024, Nicholas Martini Foundation awarded 87 grants totaling $814K — an average of about $9K per grant, based on its IRS Form 990 filings.

How much is Nicholas Martini Foundation required to give away each year?

Private foundations must generally distribute about 5% of their assets annually. For 2024, Nicholas Martini Foundation reported a distributable amount of $632K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.