Ray & Diana Martin Family Foundation
The Ray & Diana Martin Family Foundation is a private foundation based in Pasadena, California. It reported 13 grants totaling $23,000 in 2024 to charitable organizations, including performing arts, community-service, health-related, and other organizations.
Ray & Diana Martin Family Foundation at a glance
In short: Ray & Diana Martin Family Foundation gave $23K across 13 grants in 2024 (avg $2K), mostly in California. 8% of 2024 grantees were new. Source: 2024 IRS Form 990-PF.
- Annual giving (2024)
- $23,000
- -34.6% vs 2023
- Grants made (2024)
- 13
- +18.2% vs 2023
- Average grant
- $1,769
- -44.6% vs 2023
- Median grant
- $1,000
- Total assets
- $338,350
- -0.8% vs 2023
- New grantees (estimate)
- 8% first-time grantees (1 of 13, 2024; small sample)
- Primary geography
- California (95% of itemized 2024 grant dollars)
- Latest 990 filing
- Form 990-PF, 2024 View filing
Data from IRS Form 990-PF, 2024; updated October 2026. New grantees are estimated by matching recipient names across years (methodology).
How to apply to Ray & Diana Martin Family Foundation
- Accepts unsolicited proposals
- No
- How to Apply
-
The foundation states that it makes contributions only to preselected charitable organizations and does not accept unsolicited requests for funds.
- Contact
Mailing address: 150 S Los Robles Ave Suite 880, Pasadena, CA 91101
Phone: (310) 544-2990
Application details from Grantable's research on the foundation's public materials; confirm on its website before applying.
Who Ray & Diana Martin Family Foundation funds
How this funder distributes its grants
Top Recipients
Top 10 recipients in 2024
The largest 2024 recipient was Palos Verdes Performing Arts ($13K). Together the top 10 received $23K.
Grant Size Distribution
87 grants across all recorded years
The most common grant size was under $50K: 87 grants of 87 (100%).
Geographic Focus
Where this funder awards grants
In 2024, 95% of grant dollars went to recipients in California, 4% to recipients in Washington, and 1% to recipients in New York.
Grant Distribution by State
Share of 2024 grant dollars across all 13 itemized grants.
Cities
Is Ray & Diana Martin Family Foundation open to new grantees?
8%
first-time grantees, 2024
In 2024, 1 of 13 grantees (8%) were first-time recipients. With only 13 grantees, that is a small sample: one grantee more or less moves the share by about 8 points. First grants averaged $1K; repeat grants $2K. How we count
Medians: $1K first-time, $1K repeat.
- 85% of 2024 grantees were also funded in 2023. Method
- Giving fell 40% from 2021 to 2024. Method
- In 2024 it paid out 97% of its IRS minimum distribution (the 5% rule). Foundations have until the end of the next year to meet it. Method
Estimate from itemized grant lists in IRS Form 990-PF filings (2020–2024). Recipient names are matched across years, so a renamed or misspelled grantee can look new; grants to individuals are left out. Methodology.
Giving History
Giving Over Time
Total grant dollars and number of grants per year
From 2020 to 2024, annual grant giving ranged from $23K (2024) to $44K (2022). In 2024 it made 13 grants totaling $23K.
Grants by year
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| Palos Verdes Performing Arts Rolling Hills Estate, CA | To provide support to the organization | $12,500 |
| Rolling Hills United Methodist Church Rolling Hills Estates, CA | To provide support to the organization | $3,000 |
| Toberman Neighborhood Center San Pedro, CA | To provide support to the organization | $1,000 |
| The Volunteer Center Torrance, CA | To provide support to the organization | $1,000 |
| Childcare Worldwide Bellingham, WA | To provide support to the organization | $1,000 |
| Palos Verdes Art Center Rancho Palos Verdes, CA | To provide support to the organization | $1,000 |
| Providence Medical Centertrinitycare Hospice Fudr Torrance, CA | To provide support to the organization | $1,000 |
| Barbara Sinara Children's Center Rancho Mirage, CA | To Provide Support to the Organization | $1,000 |
| San Pedro Peninsula Cancer Guild Rancho Palos Verdes, CA | To provide support to the organization | $500 |
| Fisher House Southern California Long beach, CA | To provide support to the organization | $500 |
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Financial History
Multi-year comparison from IRS filings
| Filing year | Total Assets | Revenue | Expenses | Grants paid | Grants | Qualifying Distributions | Net Investment Income | Distributable Amount |
|---|---|---|---|---|---|---|---|---|
| 2024 | $338,350 | $24,886 | $27,566 | $23,000 | 13 | $23,000 | $20,645 | $23,643 |
| 2023 | $341,030 | $57,416 | $39,197 | $35,145 | 11 | $35,145 | $23,410 | $21,842 |
| 2022 | $322,811 | $22,458 | $48,835 | $44,325 | 20 | $44,325 | $18,237 | $22,329 |
| 2021 | $349,186 | $34,345 | $40,815 | $38,275 | 23 | $38,275 | $31,804 | $24,779 |
| 2020 | $355,658 | $40,058 | $34,779 | $30,275 | 20 | — | $35,554 | $21,794 |
Under IRS private-foundation payout rules, Ray & Diana Martin Family Foundation reported a distributable amount of $24K 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
No mission statement for the foundation is provided. Its 2024 grantees describe a range of missions: Palos Verdes Performing Arts says it fosters the performing arts through performances, community cultural activities, and educational and outreach programs. Toberman Neighborhood Center says it serves individuals and families in the San Pedro and Los Angeles Harbor areas with services intended to encourage, inform, educate, and empower them. San Pedro Peninsula Cancer Guild says it raises funds for USC/Norris Comprehensive Cancer Center. These are the grantees’ stated missions, not the foundation’s.
Grantmaking
In 2024, the foundation reported 13 grants totaling $23,000. Grant amounts ranged from $100 to $12,500, with a median of $1,000. Its largest reported grants included $12,500 to Palos Verdes Performing Arts and $3,000 to Rolling Hills United Methodist Church. Other listed recipients included Toberman Neighborhood Center, The Volunteer Center, Childcare Worldwide, and Palos Verdes Art Center, each receiving $1,000.
Leadership & Key People
Leadership team and compensation from IRS filings
The 2024 filing lists Diana Martin as Chief Executive Officer, Theresa Cochran as Chief Financial Officer, and Rebecca Gallagher as Secretary.
Ray & Diana Martin Family Foundation is led by Diana Martin, Chief Executive Officer since 2023 (on filings since 2021); none of the 3 officers listed in 2024 report compensation.
Officers on the 2024 filing
Diana Martin
Chief Executive Officer
President & Secretary → Chief Executive Officer, 2023
On filings since 2021
No compensation reported
Rebecca Gallagher
Secretary
Director → Secretary, 2023
On filings since 2020
No compensation reported
Theresa Cochran
Chief Financial Officer
Director → Chief Financial Officer, 2023
On filings since 2020
No compensation reported
Former officers (3)
- Former: Stephen Martin (2020–2022) — Director
- Former: Mary Diana Martin (2020) — President
- Former: Raymond R. Martin (2020) — Treasurer & Secretary
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.
Frequently asked questions about Ray & Diana Martin Family Foundation
How much does Ray & Diana Martin Family Foundation give each year?
Ray & Diana Martin Family Foundation gave $23K across 13 grants in 2024, according to its 2024 IRS Form 990-PF. In 2023 it gave $35K across 11 grants.
What is Ray & Diana Martin Family Foundation's typical grant size?
Ray & Diana Martin Family Foundation's median grant in 2024 was $1,000, and its average grant was $1,769, across 13 grants on its 2024 IRS Form 990-PF. Organizations receiving their first grant from Ray & Diana Martin Family Foundation that year got $1K on average.
Where does Ray & Diana Martin Family Foundation give grants?
Ray & Diana Martin Family Foundation gives mostly in California: 95% of the grant dollars itemized on its 2024 IRS Form 990-PF went to recipients there. The most frequent recipient cities were Torrance, CA (2 grants) and Rancho Palos Verdes, CA (2 grants).
Does Ray & Diana Martin Family Foundation give general operating support?
Not in 2024: none of the 13 grants with a stated purpose on Ray & Diana Martin Family Foundation's 2024 IRS Form 990-PF were described as general or operating support. Recurring purposes include "To provide support to the organization" (13 grants).
Who are Ray & Diana Martin Family Foundation's largest grantees?
Ray & Diana Martin Family Foundation's largest 2024 grantees include Palos Verdes Performing Arts ($12,500), Rolling Hills United Methodist Church ($3,000) and Toberman Neighborhood Center ($1,000), according to its 2024 IRS Form 990-PF. Together they received 72% of its itemized 2024 grant dollars.
How large is Ray & Diana Martin Family Foundation?
Ray & Diana Martin Family Foundation reported $338K in total assets on its 2024 IRS Form 990-PF. It paid out $23K in qualifying distributions that year, against a required minimum of $24K (roughly 5% of its investment assets). Falling short in one year is not a violation: foundations have until the end of the next year to meet the minimum.
What does Ray & Diana Martin Family Foundation fund?
No mission statement for the foundation is provided. Its 2024 grantees describe a range of missions: Palos Verdes Performing Arts says it fosters the performing arts through performances, community cultural activities, and educational and outreach programs. See mission & focus areas ↑
How do I apply for a grant from Ray & Diana Martin Family Foundation?
The foundation states that it makes contributions only to preselected charitable organizations and does not accept unsolicited requests for funds. Eligibility and process details are in the grantmaking section of this profile. See how to apply ↑
What is Ray & Diana Martin Family Foundation's EIN?
Ray & Diana Martin Family Foundation's EIN (Employer Identification Number) is 95-4671304. IRS Form 990 filing data is available on this page for 2020–2024.
Does Ray & Diana Martin Family Foundation 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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