Otto & Fran Walter Foundation Inc
The Otto & Fran Walter Foundation Inc is a private foundation based in Boothbay Harbor, Maine. The foundation was established to address hunger prevention and peace, reflecting the philanthropic priorities of its founders, Otto and Fran Walter.
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
—
-100.0% YoY
Annual Giving
$3.5M
+409.2% YoY
Grant Count
3
+0.0% YoY
Avg Grant Size
$1.2M
+409.2% YoY
Mission & Focus Areas
The foundation's primary focus areas include:
- Hunger prevention
- Peace and peacebuilding
- Education
- Human services
- Philanthropy, voluntarism, and grantmaking
Grantmaking
The foundation makes contributions exclusively to preselected charitable organizations and does not accept unsolicited applications for funds.
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Geographic Focus
Where this funder awards grants
The foundation primarily directs its grantmaking toward organizations in Illinois, though it has made significant national commitments.
Grant Distribution by State
Cities
Financial History
Multi-year comparison from IRS filings
- Total assets: $0 (as of 2024 filing)
- Total distributions: $3.6 million
- Total giving (2024): $3,531,615
- Tax-exempt status: Since June 1954
- EIN: 13-1625529
| Metric | 2024 | 2023 | 2022 |
|---|---|---|---|
| Total Assets | — | $3,832,135 | $4,642,453 |
| Revenue | $-209,019 | $-6,684 | $1,043,508 |
| Expenses | $3,622,696 | $796,587 | $11,738,153 |
| Qualifying Distributions | $3,597,006 | $768,866 | $11,111,921 |
| Net Investment Income | — | — | $69,916 |
| Distributable Amount | $55,992 | $178,702 | $451,690 |
Giving Over Time
Total grant dollars and number of grants per year
Grant Insights
How this funder distributes its grants
Top Recipients
Top 3 recipients in 2024
Grant Size Distribution
32 grants across all recorded years
Giving History
Grant recipients and amounts by year
No grants recorded for .
Leadership & Key People
Leadership team and compensation from IRS filings
- Martha H Peak — President (30 hours/week, $25,000 annual compensation)
- Kenneth R Bradsell — Treasurer (10 hours/week, $16,000 annual compensation)
- Carl R Griffin — Secretary (10 hours/week, $16,000 annual compensation)
Compensation Overview
From 2024 IRS filing
From 2024 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| MARTHA H PEAK | PRESIDENT | 30 | $24,500 |
| KENNETH R BRADSELL | TREASURER | 10 | $16,000 |
| CARL R GRIFFIN | SECRETARY | 10 | $16,000 |
Recent News & Activity
Recent developments and announcements
The foundation pledged $15.5 million to The Rotary Foundation to establish the Otto and Fran Walter Rotary Peace Center in the Middle East or North Africa. The center will offer a professional development certificate program focused on peacebuilding and development issues in the region. The gift funds startup costs, operating expenses, and an endowment providing peace fellowships for up to 40 students annually. The Rotary Foundation selected a partner institution to host the center in 2024, with the first Rotary Peace Fellows expected to begin their studies thereafter.
Otto Schoitz Foundation Awards $12,000 Grant to Support Waterloo Middle SchoolsThe foundation has also supported educational institutions, including a significant gift to Muskingum University for the construction of Otto and Fran Walter Hall, a facility dedicated to music education.
Thank you, Otto and Fran Walter, for our new home for music | Muskingum UniversityRelated Funders
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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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