The Martello Family Foundation
The Martello Family Foundation is a private foundation, based in Westport, CT. IRS filing data is available from 2021 through 2025. As of 2025, the organization holds $8.3M in total assets. In 2025, it awarded 1 grant totaling $192K. Net investment income was $6.6M.
The Martello Family Foundation at a glance
In short: The Martello Family Foundation gave $192K across 1 grant in 2025 (avg $192K), mostly in Massachusetts. Source: 2025 IRS Form 990-PF.
- Annual giving (2025)
- $192,000
- +20.0% vs 2024
- Grants made (2025)
- 1
- -50.0% vs 2024
- Average grant
- $192,000
- +140.0% vs 2024
- Median grant
- $192,000
- Total assets
- $8,319,925
- +340.5% vs 2024
- Primary geography
- Massachusetts (100% of itemized 2025 grant dollars)
- Latest 990 filing
- Form 990-PF, 2025 View filing
Data from IRS Form 990-PF, 2025; updated September 2026.
Who The Martello Family Foundation funds
How this funder distributes its grants
Top Recipients
Top recipient in 2025
The largest 2025 recipient was Massachusetts Institute of Technology ($192K).
Grant Size Distribution
7 grants across all recorded years
The most common grant size was in the $100–250K range: 4 grants of 7 (57%).
Geographic Focus
Where this funder awards grants
Grant Distribution by State
Share of the 2025 grant dollars on its one itemized grant.
Cities
How The Martello Family Foundation gives
- Giving grew 92% from 2022 to 2025. Method
- In 2025 it paid out 429% of its IRS minimum distribution (the 5% rule). 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 2022 to 2025, annual grant giving ranged from $100K (2022) to $205K (2023). In 2025 it made 1 grant totaling $192K.
Grants by year
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| Massachusetts Institute of Technology Cambridge, MA | General Support | $192,000 |
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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 |
|---|---|---|---|---|---|---|---|---|
| 2025 | $8,319,925 | $6,629,224 | $198,251 | $192,000 | 1 | $195,125 | $6,626,098 | $45,453 |
| 2024 | $1,888,952 | $86,796 | $167,985 | $160,000 | 2 | $162,992 | $77,818 | $96,669 |
| 2023 | $1,970,141 | $51,501 | $213,700 | $205,000 | 3 | $207,850 | $65,178 | $96,185 |
| 2022 | $2,132,340 | $2,266,881 | $134,541 | $100,000 | 1 | $102,486 | $2,265,731 | $36,621 |
Under IRS private-foundation payout rules, The Martello Family Foundation reported a distributable amount of $45K for 2025 — the minimum it must pay out in qualifying distributions.
Leadership & Key People
Officers and directors from IRS filings
The Martello Family Foundation's 2025 filing lists 2 officers; none of the 2 officers listed in 2025 report compensation.
Officers on the 2025 filing
Carolyn Martello Spaulding
Trustee
On filings since 2021
1 hr/week
No compensation reported
John Martello
Trustee
On filings since 2021
3 hrs/week
No compensation reported
Data from IRS Form 990 filings, 2021–2025. "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 Martello Family Foundation
How much does The Martello Family Foundation give each year?
The Martello Family Foundation gave $192K across 1 grant in 2025, according to its 2025 IRS Form 990-PF. In 2024 it gave $160K across 2 grants.
How large is The Martello Family Foundation?
The Martello Family Foundation reported $8.3M in total assets on its 2025 IRS Form 990-PF. It paid out $195K in qualifying distributions that year, against a required minimum of $45K (roughly 5% of its investment assets).
Where does The Martello Family Foundation operate?
The Martello Family Foundation has awarded grants in Connecticut, Massachusetts, New York.
What is The Martello Family Foundation's EIN?
The Martello Family Foundation's EIN (Employer Identification Number) is 87-4020692. IRS Form 990 filing data is available on this page for 2021–2025.
Data last updated September 2026. Sourced from IRS Form 990-PF filings.
Data update history
(2)
When this profile's IRS filing data changed on Grantable
- Added Form 990-PF for fiscal year 2025 (received by the IRS August 5, 2026)
- IRS filings on file for fiscal years 2021–2024
Explore Open Grants
Browse active grant opportunities in The Martello Family Foundation's focus areas in our free grants database
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Cite this profile
Grantable. (2026). The Martello Family Foundation funder profile. GrantGraph. Retrieved October 4, 2026, from https://grantable.co/funders/the-martello-family-foundation-morg_4636efe5c1b44998916211d4c1feea3c
BibTeX
@misc{grantable_874020692_2026,
author = {{Grantable}},
title = {{The Martello Family Foundation funder profile}},
howpublished = {GrantGraph},
year = {2026},
url = {https://grantable.co/funders/the-martello-family-foundation-morg_4636efe5c1b44998916211d4c1feea3c},
note = {Accessed 2026-10-04. Data licensed CC BY 4.0}
}The figures on this page are open data under CC BY 4.0: reuse them with credit to Grantable and a link. Download the data.
Figures come from The Martello Family Foundation's IRS filings (methodology). AI-written summaries, news items and logos are not covered by the open licence. Spot an error? Email hello@grantable.co.
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