Otto & Fran Walter Foundation Inc
Otto & Fran Walter Foundation Inc is a private foundation based in Boothbay Harbor, Maine. Its 2024 filing reports grants to The Rotary Foundation to fund the Otto and Fran Walter Rotary Peace Center in the Middle East and North Africa.
Otto & Fran Walter Foundation Inc at a glance
In short: Otto & Fran Walter Foundation Inc gave $3.5M across 3 grants in 2024 (avg $1.2M), mostly in Illinois. Source: 2024 IRS Form 990-PF.
- Annual giving (2024)
- $3,531,615
- +409.2% vs 2023
- Grants made (2024)
- 3
- +0.0% vs 2023
- Average grant
- $1,177,205
- +409.2% vs 2023
- Median grant
- $469,030
- Primary geography
- Illinois (100% of itemized 2024 grant dollars)
- Latest 990 filing
- Form 990-PF, 2024 View filing
Data from IRS Form 990-PF, 2024; updated October 2026.
How to apply to Otto & Fran Walter Foundation Inc
- Accepts unsolicited proposals
- No
- How to Apply
-
The foundation does not accept unsolicited requests for funds; it states that it contributes only to preselected charitable organizations.
- Contact
Mailing address: Co Helman 96 Atlantic Av 2B, Boothbay Harbor, ME 04538
Phone: (201) 294-8989
Application details from Grantable's research on the foundation's public materials; confirm on its website before applying.
Who Otto & Fran Walter Foundation Inc funds
How this funder distributes its grants
Top Recipients
Top 2 recipients in 2024
The largest 2024 recipient was The Rotary Foundation-in Kind Donation ($3.0M). Together the top 2 received $3.5M.
Grant Size Distribution
32 grants across all recorded years
The most common grant size was under $50K: 12 grants of 32 (38%).
Geographic Focus
Where this funder awards grants
All grant dollars reported for 2024 went to recipients in Illinois.
Grant Distribution by State
Share of 2024 grant dollars across all 3 itemized grants.
Cities
How Otto & Fran Walter Foundation Inc gives
- Giving grew 379% from 2021 to 2024. Method
- In 2024 it paid out well above its IRS minimum distribution (the 5% rule). Method
From the foundation's IRS Form 990-PF filings. Methodology.
Giving History
Giving Over Time
Total grant dollars and number of grants per year
From 2020 to 2024, annual grant giving ranged from $690K (2020) to $11.0M (2022). In 2024 it made 3 grants totaling $3.5M.
Grants by year
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| The Rotary Foundation-in Kind Donation Evanston, IL | To fund otto and fran walter rotary peace center in middle east and north africa | $3,035,585 |
| The Rotary Foundation-Cash Donation Evanston, IL | To fund otto and fran walter rotary peace center in middle east and north africa | $469,030 |
| The Rotary Foundation-Cash Donation Evanston, IL | To fund otto and fran walter rotary peace center in middle east and north africa | $27,000 |
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Financial History
Multi-year comparison from IRS filings
The foundation’s filing states that a resolution, a plan of dissolution dated September 25, 2025, and a signed draft petition were attached.
| Filing year | Total Assets | Revenue | Expenses | Grants paid | Grants | Qualifying Distributions | Net Investment Income | Distributable Amount |
|---|---|---|---|---|---|---|---|---|
| 2024 | — | $-209,019 | $3,622,696 | $3,531,615 | 3 | $3,597,006 | — | $55,992 |
| 2023 | $3,832,135 | $-6,684 | $796,587 | $693,608 | 3 | $768,866 | — | $178,702 |
| 2022 | $4,642,453 | $1,043,508 | $11,738,153 | $10,963,371 | 9 | $11,111,921 | $69,916 | $451,690 |
| 2021 | $14,780,673 | $2,403,803 | $11,493,243 | $737,675 | 9 | $928,857 | $2,334,874 | $782,937 |
| 2020 | $13,403,438 | $597,102 | $2,297,076 | $690,320 | 8 | — | $524,368 | $729,931 |
Under IRS private-foundation payout rules, Otto & Fran Walter Foundation Inc reported a distributable amount of $56K for 2024 — the minimum it must pay out in qualifying distributions.
Research compiled by Grantable AI from public sources. Last updated September 2026.
Mission & Focus Areas
The foundation’s 2024 grants supported the Otto and Fran Walter Rotary Peace Center in the Middle East and North Africa. The filing does not state a broader mission or additional focus areas.
Grantmaking
In filing year 2024, the foundation reported three grants totaling $3,531,615. Grant amounts ranged from $27,000 to $3,035,585, with a median of $469,030. All three grants went to The Rotary Foundation for the peace center.
The grants comprised an in-kind donation of $3,035,585 and cash donations of $469,030 and $27,000.
Leadership & Key People
Leadership team and compensation from IRS filings
The 2024 filing lists Martha H Peak as president, Kenneth R Bradsell as treasurer, and Carl R Griffin as secretary.
Otto & Fran Walter Foundation Inc is led by Martha H. Peak, President since 2021 (on filings since 2020); all 3 officers listed in 2024 are compensated.
Officers on the 2024 filing
Martha H. Peak
President
Vice President → President, 2021
On filings since 2020
30 hrs/week
$50K (2020) → $25K (2024)
Carl R. Griffin III
Secretary
On filings since 2020
10 hrs/week
$15K (2020) → $16K (2024)
Kenneth R. Bradsell
Treasurer
On filings since 2020
10 hrs/week
$11K (2020) → $16K (2024)
Former officers (1)
- Former: Frank G. Helman (2020–2022) — Past President
Data from IRS Form 990 filings, 2020–2024. "On filings since" is the earliest filing we hold that lists the person; hours are average hours per week as reported.
Compensation Overview
From 2024 IRS filing
The highest reported compensation on the 2024 filing was $25K, to Martha H Peak (President). 3 officers or directors reported compensation on that filing.
Frequently asked questions about Otto & Fran Walter Foundation Inc
How much does Otto & Fran Walter Foundation Inc give each year?
Otto & Fran Walter Foundation Inc gave $3.5M across 3 grants in 2024, according to its 2024 IRS Form 990-PF. In 2023 it gave $694K across 3 grants.
What is Otto & Fran Walter Foundation Inc's typical grant size?
Otto & Fran Walter Foundation Inc's median grant in 2024 was $469,030, and its average grant was $1,177,205, across 3 grants on its 2024 IRS Form 990-PF.
Where does Otto & Fran Walter Foundation Inc give grants?
Otto & Fran Walter Foundation Inc gives mostly in Illinois: 100% of the grant dollars itemized on its 2024 IRS Form 990-PF went to recipients there. The most frequent recipient cities were Evanston, IL (3 grants).
Does Otto & Fran Walter Foundation Inc give general operating support?
Not in 2024: none of the 3 grants with a stated purpose on Otto & Fran Walter Foundation Inc's 2024 IRS Form 990-PF were described as general or operating support.
What does Otto & Fran Walter Foundation Inc fund?
The foundation’s 2024 grants supported the Otto and Fran Walter Rotary Peace Center in the Middle East and North Africa. The filing does not state a broader mission or additional focus areas. See mission & focus areas ↑
How do I apply for a grant from Otto & Fran Walter Foundation Inc?
The foundation does not accept unsolicited requests for funds; it states that it contributes only to preselected charitable organizations. Eligibility and process details are in the grantmaking section of this profile. See how to apply ↑
How much is Otto & Fran Walter Foundation Inc required to give away each year?
Private foundations must generally distribute about 5% of their assets annually. For 2024, Otto & Fran Walter Foundation Inc reported a distributable amount of $56K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.
What is Otto & Fran Walter Foundation Inc's EIN?
Otto & Fran Walter Foundation Inc's EIN (Employer Identification Number) is 13-1625529. IRS Form 990 filing data is available on this page for 2020–2024.
Does Otto & Fran Walter Foundation Inc accept unsolicited proposals?
No, according to Grantable's research on the foundation's published guidelines. See how to apply ↑
Data last updated October 2026. Sourced from IRS Form 990-PF filings. Research dossier generated September 2026.
Data update history
(1)
When this profile's IRS filing data changed on Grantable
- IRS filings on file for fiscal years 2020–2024
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Figures come from Otto & Fran Walter Foundation Inc's IRS filings (methodology). AI-written summaries, news items and logos are not covered by the open licence. Spot an error? Email hello@grantable.co.
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