The Albert Jay Martin Family Foundation
The Albert Jay Martin Family Foundation is a private foundation based in Collierville, Tennessee. Established in 1999, it operates as a trust-based philanthropic organization with a focus on supporting charitable initiatives across multiple sectors including education, health, religion, and human services.
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$4.4M
+6.4% YoY
Annual Giving
$60K
-94.7% YoY
Grant Count
4
-50.0% YoY
Avg Grant Size
$15K
-89.4% YoY
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.
Mission & Focus Areas
The foundation provides funding for the operations of various charitable organizations and community initiatives. Primary funding focus areas include:
- Education
- Philanthropy and grantmaking
- Human services
- Youth services and youth development
- Health initiatives
- Religious and Christian organizations
- Community development
Grantmaking
The foundation makes contributions only to preselected charitable organizations.
Grant Range
& Activity:**
How to Apply
**
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Geographic Focus
Where this funder awards grants
The foundation primarily funds organizations in:
- Tennessee
- North Carolina
- Virginia
- New York
- Florida
Tennessee, Virginia, and North Carolina account for approximately 93% of all grants. The foundation has supported 49 unique organizations across these regions, with particular activity in cities including Memphis, Collierville, Alexandria, Brooklyn, Sarasota, and Yadkinville.
Grant Distribution by State
Cities
Financial History
Multi-year comparison from IRS filings
Assets & Revenue:
- Total assets: $4,384,569 (as of 2024)
- Total annual revenue: $455,392 (2024)
- Total annual expenses: $191,709 (2024)
- Annual income: $1.5 million
Historical Growth:
- Total assets have grown from $1.4 million in 2009 to $4.4 million in 2024
- Annual giving has decreased from $3 million in 2020 to $2.2 million in 2022
Tax Status:
- IRS 501(c)(3) classification
- Tax-exempt since November 1999
- EIN: 62-6345910
| Metric | 2024 | 2023 | 2022 |
|---|---|---|---|
| Total Assets | $4,384,569 | $4,120,886 | $3,366,395 |
| Revenue | $455,392 | $1,955,530 | $3,032,508 |
| Expenses | $191,709 | $1,201,922 | $2,254,442 |
| Qualifying Distributions | $60,000 | $1,130,000 | $2,165,868 |
| Net Investment Income | $381,683 | $1,883,608 | $1,708,524 |
| Distributable Amount | $122,880 | $240,879 | $359,941 |
Giving Over Time
Total grant dollars and number of grants per year
Grant Insights
How this funder distributes its grants
Top Recipients
Top 4 recipients in 2024
Grant Size Distribution
89 grants across all recorded years
Giving History
Grant recipients and amounts by year
Among its reported 2024 grants, the largest include New Memphis Institute ($25,000), Balmoral Baptist Church ($20,000), Thrive Memphis ($10,000).
| 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 |
Leadership & Key People
Leadership team and compensation from IRS filings
Principal Officer:
- Patricia B Stringer
Board of Trustees: The foundation is governed by five officers and trustees, including:
- Albert Jay Martin
- Sandra Martin
- Meredith Martin
- Albert Jay Martin Jr.
- Stan C. Turk
All trustees serve without compensation.
Compensation Overview
From 2024 IRS filing
From 2024 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| ALBERT JAY MARTIN | TRUSTEE | — | — |
| SANDRA MARTIN | TRUSTEE | — | — |
| MEREDITH MARTIN | TRUSTEE | — | — |
| ALBERT JAY MARTIN JR | TRUSTEE | — | — |
| STAN C TURK | TRUSTEE | — | — |
Recent News & Activity
Recent developments and announcements
The foundation continues to support various charitable organizations across its geographic focus areas. Recent grant activity demonstrates ongoing commitment to education, community health centers, and nonprofit operations support in Tennessee and surrounding states.
MartinFed Awards $35k in Community Grants - MartinFedSubject Areas
Focus areas based on grantmaking activity
Frequently Asked Questions
What does The Albert Jay Martin Family Foundation fund?
The foundation provides funding for the operations of various charitable organizations and community initiatives. Primary funding focus areas include: • Education • Philanthropy and grantmaking • Human services • Youth services and youth development • Health initiatives • Religious and Christian organizations • Community development
How do I apply for a grant from The Albert Jay Martin Family Foundation?
**Grant Size & Activity:** • Typical grant awards range from $5,000 to $1,000,000 • Historical grant data shows individual grants have ranged from $625 to $1,000,000, with an average award of approximately $89,000 • Median grant size is approximately $13,000 • The foundation has made 80 grants totaling $7.2 million across its history • Recent annual giving has included 21 grants in 2024 **Recent Grants (2024):** • New Memphis Institute: $25,000 • Thrive Memphis: $10,000 • Yadkin Arts Council: $…
Where does The Albert Jay Martin Family Foundation make grants?
The foundation primarily funds organizations in: • Tennessee • North Carolina • Virginia • New York • Florida Tennessee, Virginia, and North Carolina account for approximately 93% of all grants. The foundation has supported 49 unique organizations across these regions, with particular activity in cities including Memphis, Collierville, Alexandria, Brooklyn, Sarasota, and Yadkinville.
What size grants does The Albert Jay Martin Family Foundation award?
In 2024, The Albert Jay Martin Family Foundation awarded 4 grants totaling $60K — an average of about $15K per grant, based on its IRS Form 990 filings.
How much is The Albert Jay Martin Family Foundation required to give away each year?
Private foundations must generally distribute about 5% of their assets annually. For 2024, The Albert Jay Martin Family Foundation reported a distributable amount of $123K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.
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.
Explore Open Grants
Browse active grant opportunities in The Albert Jay Martin Family Foundation's focus areas in our free grants database
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Data last updated June 2026. Sourced from IRS Form 990-PF filings. Research dossier generated April 2026.
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