The Bobby and Gloria Martin Foundation
The Bobby and Gloria Martin Foundation is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in RALEIGH, NC. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $743K in total assets. In 2024, it awarded 16 grants totaling $49K. Net investment income was $137K.
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$743K
+12.7% YoY
Annual Giving
$49K
-14.3% YoY
Grant Count
16
+0.0% YoY
Avg Grant Size
$3K
-14.3% YoY
Under IRS private-foundation payout rules, The Bobby and Gloria Martin Foundation reported a distributable amount of $64K for 2024 — the minimum it must pay out in qualifying distributions.
About The Bobby and Gloria Martin Foundation
Based on IRS filings
The Bobby and Gloria Martin Foundation is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in RALEIGH, NC. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $743K in total assets. In 2024, it awarded 16 grants totaling $49K. Net investment income was $137K.
Focus Areas
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Geographic Focus
Where this funder awards grants
Grant Distribution by State
Cities
Financial History
Multi-year comparison from IRS filings
| Metric | 2024 | 2023 | 2022 |
|---|---|---|---|
| Total Assets | $742,700 | $659,192 | $632,051 |
| Revenue | $140,613 | $92,711 | $68,370 |
| Expenses | $56,912 | $66,431 | $66,564 |
| Qualifying Distributions | $52,178 | $60,698 | $60,447 |
| Net Investment Income | $137,177 | $88,978 | $62,805 |
| Distributable Amount | $63,864 | $60,284 | $60,256 |
Giving Over Time
Total grant dollars and number of grants per year
Grant Insights
How this funder distributes its grants
Top Recipients
Top 10 recipients in 2024
Grant Size Distribution
68 grants across all recorded years
Giving History
Grant recipients and amounts by year
Among its reported 2024 grants, the largest include The Young Men's Christian Association of the Triangle Area Inc ($12,500), Casa ($10,000), Heart's Cry Children's Ministry ($5,000).
| Recipient | Purpose | Amount |
|---|---|---|
| APPALACHIAN REGIONAL HEALTHCARE FOUNDATION BOONE, NC | TO SUPPORT HEALTHCARE FOR THE HIGH COUNTRY | $2,500 |
| BOYS AND GIRLS CLUB ATLANTA, GA | TO SUPPORT THE EXEMPT PURPOSE OF THE ORGANIZATION | $300 |
| CASA RALEIGH, NC | TO SUPPORT THE EXEMPT PURPOSE OF THE ORGANIZATION | $10,000 |
| CHAPEL BY THE LAKE RALEIGH, NC | TO SUPPORT PHILANTHROPY CULTIVATED BY THE CHAPEL AND TO COLLECTIVELY GIVE BACK TO THE COMMUNITY | $2,500 |
| GRANDFATHER COMMUNITY FOUNDATION INC LINVILLE, NC | TO IMPROVE THE LIVES OF THE PEOPLE OF AVERY COUNTY AND MOBILIZE THE MEMBERS OF GRANDFATHER GOLF AND COUNTRY CLUB TO DO SO THROUGH EDUCATION AND SERVICE OPPORTUNITIES | $2,000 |
| HAYES BARTON UNITED METHODIST CHURCH RALEIGH, NC | TO PARTNER WITH MISSION ORGANIZATIONS WORLDWIDE AND SERVE IN OUR COMMUNITY | $2,500 |
| HEART'S CRY CHILDREN'S MINISTRY RALEIGH, NC | TO IMPROVE THE ORPHAN CARE PROCESS | $5,000 |
| HOPE INTERNATIONAL LANCASTER, PA | TO INVEST IN THE DREAMS OF FAMILIES IN THE WORLD'S UNDESERVED COMMUNITIES AS WE PROCLAIM AND LIVE THE GOSPEL | $750 |
| JDRF NEW YORK, NY | TO SUPPORT THE EXEMPT PURPOSE OF THE ORGANIZATION | $480 |
| NEIGHBOR TO NEIGHBOR MINISTRIES RALEIGH, NC | TO BUILD COMMUNITIES OF HOPE, JUSTICE AND COMPASSION | $5,000 |
Leadership & Key People
Officers and directors from IRS filings
Compensation Overview
From 2024 IRS filing
From 2024 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| ROBERT H MARTIN III | DIRECTOR | 2 | — |
| GLORIA C MARTIN | DIRECTOR | 2 | — |
Subject Areas
Focus areas based on grantmaking activity
Frequently Asked Questions
What is The Bobby and Gloria Martin Foundation?
The Bobby and Gloria Martin Foundation is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in RALEIGH, NC. It holds $743K in total assets as of 2024.
How large is The Bobby and Gloria Martin Foundation?
As of 2024, The Bobby and Gloria Martin Foundation holds $743K in total assets with $141K in annual revenue. It awarded 16 grants totaling $49K in 2024.
Where does The Bobby and Gloria Martin Foundation operate?
The Bobby and Gloria Martin Foundation has awarded grants in Colorado, Georgia, North Carolina, New York, Pennsylvania, Virginia.
What size grants does The Bobby and Gloria Martin Foundation award?
In 2024, The Bobby and Gloria Martin Foundation awarded 16 grants totaling $49K — an average of about $3K per grant, based on its IRS Form 990 filings.
How much is The Bobby and Gloria Martin Foundation required to give away each year?
Private foundations must generally distribute about 5% of their assets annually. For 2024, The Bobby and Gloria Martin Foundation reported a distributable amount of $64K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.
What is The Bobby and Gloria Martin Foundation's EIN?
The Bobby and Gloria Martin Foundation's EIN (Employer Identification Number) is 23-1365662. IRS Form 990 filing data is available on this page for 2020–2024.
Explore Open Grants
Browse active grant opportunities in The Bobby and Gloria Martin Foundation's focus areas in our free grants database
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Data last updated April 2026. Sourced from IRS Form 990-PF filings.
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