The Albert Jay Martin Family Foundation
The Albert Jay Martin Family Foundation is a private foundation based in Collierville, Tennessee. In 2024, it reported four grants totaling $60,000 to charitable organizations in Tennessee and an individual recipient, with the listed grant purposes describing support for the organizations’ operations.
The Albert Jay Martin Family Foundation at a glance
In short: The Albert Jay Martin Family Foundation gave $60K across 4 grants in 2024 (avg $15K), mostly in Tennessee. Source: 2024 IRS Form 990-PF.
- Annual giving (2024)
- $60,000
- -94.7% vs 2023
- Grants made (2024)
- 4
- -50.0% vs 2023
- Average grant
- $15,000
- -89.4% vs 2023
- Median grant
- $15,000
- Total assets
- $4,384,569
- +6.4% vs 2023
- Primary geography
- Tennessee (92% 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 The Albert Jay Martin Family Foundation
- Accepts unsolicited proposals
- No
- How to Apply
-
The foundation makes contributions only to preselected charitable organizations and does not accept unsolicited requests for funds.
- Contact
Mailing address: 140 Crescent Drive, Collierville, TN 38017
Phone: (901) 850-3000
Application details from Grantable's research on the foundation's public materials; confirm on its website before applying.
Who The Albert Jay Martin Family Foundation funds
How this funder distributes its grants
Top Recipients
Top 4 recipients in 2024
The largest 2024 recipient was New Memphis Institute ($25K). Together the top 4 received $60K.
Grant Size Distribution
89 grants across all recorded years
The most common grant size was under $50K: 65 grants of 89 (73%).
Geographic Focus
Where this funder awards grants
In 2024, 92% of grant dollars went to recipients in Tennessee and 8% went to recipients in an individual recipient
Grant Distribution by State
Share of 2024 grant dollars across all 4 itemized grants.
Cities
How The Albert Jay Martin Family Foundation gives
- Giving fell 93% from 2021 to 2024. Method
- In 2024 it paid out 49% of its IRS minimum distribution (the 5% rule). Foundations have until the end of the next year to meet it. 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 $60K (2024) to $3.0M (2020). In 2024 it made 4 grants totaling $60K.
Grants by year
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| New Memphis Institute Memphis, TN | To Support the Operations of New Memphis Institute | $25,000 |
| Balmoral Baptist Church Memphis, TN | To Support the Operations of Balmoral Baptist Church | $20,000 |
| Thrive Memphis Memphis, TN | To Support the Operations of Thrive Memphis | $10,000 |
| Yadkin Arts Council Yadkinville, NC | To Support the Operations of Yadkin Atrs Council | $5,000 |
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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 | $4,384,569 | $455,392 | $191,709 | $60,000 | 4 | $60,000 | $381,683 | $122,880 |
| 2023 | $4,120,886 | $1,955,530 | $1,201,922 | $1,130,000 | 8 | $1,130,000 | $1,883,608 | $240,879 |
| 2022 | $3,366,395 | $3,032,508 | $2,254,442 | $2,165,868 | 22 | $2,165,868 | $1,708,524 | $359,941 |
| 2021 | $3,747,733 | $1,911,200 | $1,000,001 | $912,625 | 24 | — | $555,887 | $420,182 |
| 2020 | $3,508,623 | $2,245,259 | $3,086,697 | $3,013,425 | 31 | — | $922,995 | $333,590 |
Under IRS private-foundation payout rules, The Albert Jay Martin Family Foundation reported a distributable amount of $123K 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 grants included operating support for New Memphis Institute, Balmoral Baptist Church, Thrive Memphis, and Yadkin Arts Council.
New Memphis Institute describes its mission as developing, activating, and retaining talent to move Memphis forward. Thrive Memphis says it enriches the lives of people with developmental challenges through social, recreational, and continuing educational opportunities. Yadkin Arts Council describes its purpose as coordinating and developing Yadkin County’s cultural resources in connection with the arts and enriching lives through the arts.
Grantmaking
In 2024, the foundation made four grants totaling $60,000. Grants ranged from $5,000 to $25,000, with a median of $15,000. The largest grants were $25,000 to New Memphis Institute and $20,000 to Balmoral Baptist Church, both in Memphis, Tennessee. Thrive Memphis received $10,000, and Yadkin Arts Council in Yadkinville, an individual recipient, received $5,000. The listed purposes were to support each recipient’s operations.
Leadership & Key People
Leadership team and compensation from IRS filings
The 2024 filing lists Albert Jay Martin, Sandra Martin, Meredith Martin, Albert Jay Martin Jr., and Stan C Turk as trustees.
The Albert Jay Martin Family Foundation's 2024 filing lists 5 officers; none of the 5 officers listed in 2024 report compensation.
Officers on the 2024 filing
Albert Jay Martin
Trustee
Trustee & Board Member → Trustee, 2022
On filings since 2020
No compensation reported
Albert Jay Martin Jr.
Trustee
On filings since 2023
No compensation reported
Meredith Martin
Trustee
On filings since 2023
No compensation reported
Sandra Martin
Trustee
On filings since 2023
No compensation reported
Stan C. Turk
Trustee
On filings since 2023
No compensation reported
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 The Albert Jay Martin Family Foundation
How much does The Albert Jay Martin Family Foundation give each year?
The Albert Jay Martin Family Foundation gave $60K across 4 grants in 2024, according to its 2024 IRS Form 990-PF. In 2023 it gave $1.1M across 8 grants.
What is The Albert Jay Martin Family Foundation's typical grant size?
The Albert Jay Martin Family Foundation's median grant in 2024 was $15,000, and its average grant was $15,000, across 4 grants on its 2024 IRS Form 990-PF.
Where does The Albert Jay Martin Family Foundation give grants?
The Albert Jay Martin Family Foundation gives mostly in Tennessee: 92% of the grant dollars itemized on its 2024 IRS Form 990-PF went to recipients there. The next largest state was North Carolina (8%). The most frequent recipient cities were Memphis, TN (3 grants).
Does The Albert Jay Martin Family Foundation give general operating support?
Not in 2024: none of the 4 grants with a stated purpose on The Albert Jay Martin Family Foundation's 2024 IRS Form 990-PF were described as general or operating support.
How large is The Albert Jay Martin Family Foundation?
The Albert Jay Martin Family Foundation reported $4.4M in total assets on its 2024 IRS Form 990-PF. It paid out $60K in qualifying distributions that year, against a required minimum of $123K (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 The Albert Jay Martin Family Foundation fund?
No mission statement for the foundation is provided. Its 2024 grants included operating support for New Memphis Institute, Balmoral Baptist Church, Thrive Memphis, and Yadkin Arts Council. See mission & focus areas ↑
How do I apply for a grant from The Albert Jay Martin Family Foundation?
The foundation 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 The Albert Jay Martin Family Foundation's EIN?
The Albert Jay Martin Family Foundation's EIN (Employer Identification Number) is 62-6345910. IRS Form 990 filing data is available on this page for 2020–2024.
Does The Albert Jay 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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