Nitram Foundation Inc is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in PENNINGTON, NJ. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $1.2M in total assets. In 2024, it awarded 11 grants totaling $28K. Net investment income was $55K.
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$1.2M
+1.9% YoY
Annual Giving
$28K
-34.1% YoY
Grant Count
11
+0.0% YoY
Avg Grant Size
$3K
-34.1% YoY
Under IRS private-foundation payout rules, Nitram Foundation Inc reported a distributable amount of $61K for 2024 — the minimum it must pay out in qualifying distributions.
About Nitram Foundation Inc
Based on IRS filings
Nitram Foundation Inc is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in PENNINGTON, NJ. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $1.2M in total assets. In 2024, it awarded 11 grants totaling $28K. Net investment income was $55K.
Focus Areas
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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 | 2024 | 2023 | 2022 |
|---|---|---|---|
| Total Assets | $1,164,170 | $1,142,439 | $1,245,084 |
| Revenue | $69,241 | $-35,072 | $265,738 |
| Expenses | $47,264 | $66,364 | $78,957 |
| Qualifying Distributions | $36,441 | $50,275 | $66,444 |
| Net Investment Income | $55,284 | $26,438 | $253,941 |
| Distributable Amount | $61,324 | $55,921 | $55,783 |
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
64 grants across all recorded years
Giving History
Grant recipients and amounts by year
Among its reported 2024 grants, the largest include Trustees of Columbia University in Nyc ($5,000), Lake Wales Care Center Inc ($5,000), Childcare Resources of Indian River Inc ($5,000).
| Recipient | Purpose | Amount |
|---|---|---|
| TRUSTEES OF COLUMBIA UNIVERSITY IN NYC NEW YORK, NY | UNRESTRICTED GENERAL | $5,000 |
| POINT PLEASANT PRESBYTERIAN CHURCH POINT PLEASANT BEACH, NJ | UNRESTRICTED GENERAL | $1,000 |
| INTERFAITH NEIGHBORS INC ASBURY PARK, NJ | UNRESTRICTED GENERAL | $3,000 |
| BAY HEAD CHAPEL ASSOCIATION BAY HEAD, NJ | UNRESTRICTED GENERAL | $1,000 |
| FIRST PRESBYTERIAN CHURCH VERO BEACH, FL | UNRESTRICTED GENERAL | $3,000 |
| OPERATION BLING FOUNDATION NEW PROVIDENCE, NJ | UNRESTRICTED GENERAL | $1,000 |
| INDIAN RIVER COUNTY MEDICAL SOCIETY FDN SEBASTIAN, FL | UNRESTRICTED GENERAL | $2,500 |
| LAKE WALES CARE CENTER INC LAKE WALES, FL | UNRESTRICTED GENERAL | $5,000 |
| HOPE FOR FAMILIES CENTER INC VERO BEACH, FL | UNRESTRICTED GENERAL | $1,000 |
| ENVIRONMENTAL LEARNING CENTER INC VERO BEACH, FL | UNRESTRICTED GENERAL | $500 |
Leadership & Key People
Officers and directors from IRS filings
Compensation Overview
From 2024 IRS filing
From 2024 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| ROBERT A MARTIN | PRESIDENT/TRUSTEE | 20 | — |
| MARGARET C MARTIN | PRESIDENT/TRUSTEE | 20 | — |
| ANDREW V MARTIN | TREASURER/TRUSTEE | 20 | — |
| CHRISTAN E HORNE | ASSISTANT TREASURER | 20 | — |
Subject Areas
Focus areas based on grantmaking activity
Frequently Asked Questions
What is Nitram Foundation Inc?
Nitram Foundation Inc is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in PENNINGTON, NJ. It holds $1.2M in total assets as of 2024.
How large is Nitram Foundation Inc?
As of 2024, Nitram Foundation Inc holds $1.2M in total assets with $69K in annual revenue. It awarded 11 grants totaling $28K in 2024.
Where does Nitram Foundation Inc operate?
Nitram Foundation Inc has awarded grants in Florida, New Jersey, New York, Tennessee.
What size grants does Nitram Foundation Inc award?
In 2024, Nitram Foundation Inc awarded 11 grants totaling $28K — an average of about $3K per grant, based on its IRS Form 990 filings.
How much is Nitram Foundation Inc required to give away each year?
Private foundations must generally distribute about 5% of their assets annually. For 2024, Nitram Foundation Inc reported a distributable amount of $61K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.
What is Nitram Foundation Inc's EIN?
Nitram Foundation Inc's EIN (Employer Identification Number) is 22-3622600. IRS Form 990 filing data is available on this page for 2020–2024.
Explore Open Grants
Browse active grant opportunities in Nitram Foundation Inc'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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