The Martello Family Foundation is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in WESTPORT, CT. IRS filing data is available from 2021 through 2024. As of 2024, the organization holds $1.9M in total assets. In 2024, it awarded 2 grants totaling $160K. Net investment income was $78K.
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$1.9M
-4.1% YoY
Annual Giving
$160K
-22.0% YoY
Grant Count
2
-33.3% YoY
Avg Grant Size
$80K
+17.1% YoY
Under IRS private-foundation payout rules, The Martello Family Foundation reported a distributable amount of $97K for 2024 — the minimum it must pay out in qualifying distributions.
About The Martello Family Foundation
Based on IRS filings
The Martello Family Foundation is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in WESTPORT, CT. IRS filing data is available from 2021 through 2024. As of 2024, the organization holds $1.9M in total assets. In 2024, it awarded 2 grants totaling $160K. Net investment income was $78K.
Focus Areas
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Geographic Focus
Where this funder awards grants
Grant Distribution by State
States
Cities
Financial History
Multi-year comparison from IRS filings
| Metric | 2024 | 2023 | 2022 |
|---|---|---|---|
| Total Assets | $1,888,952 | $1,970,141 | $2,132,340 |
| Revenue | $86,796 | $51,501 | $2,266,881 |
| Expenses | $167,985 | $213,700 | $134,541 |
| Qualifying Distributions | $162,992 | $207,850 | $102,486 |
| Net Investment Income | $77,818 | $65,178 | $2,265,731 |
| Distributable Amount | $96,669 | $96,185 | $36,621 |
Giving Over Time
Total grant dollars and number of grants per year
Grant Insights
How this funder distributes its grants
Top Recipients
Top 2 recipients in 2024
Grant Size Distribution
6 grants across all recorded years
Giving History
Grant recipients and amounts by year
Among its reported 2024 grants, the largest include Pierrepont School Inc ($110,000), Richmond Community Services ($50,000).
| Recipient | Purpose | Amount |
|---|---|---|
| PIERREPONT SCHOOL INC WESTPORT, CT | PROVIDE BETTER TEACHING EXPERIENCE FOR ELEMENTARY AND HIGH SCHOOL AGED CHILDREN | $110,000 |
| RICHMOND COMMUNITY SERVICES MT KISCO, NY | PROMOTE AND SUPPORT MISSIONS OF RICHMOND CHILDREN'S CENTER INC | $50,000 |
Leadership & Key People
Officers and directors from IRS filings
Compensation Overview
From 2024 IRS filing
From 2024 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| JOHN MARTELLO | TRUSTEE | 3 | — |
| CAROLYN MARTELLO SPAULDING | TRUSTEE | 0.1 | — |
Subject Areas
Focus areas based on grantmaking activity
Frequently Asked Questions
What is The Martello Family Foundation?
The Martello Family Foundation is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in WESTPORT, CT. It holds $1.9M in total assets as of 2024.
How large is The Martello Family Foundation?
As of 2024, The Martello Family Foundation holds $1.9M in total assets with $87K in annual revenue. It awarded 2 grants totaling $160K in 2024.
Where does The Martello Family Foundation operate?
The Martello Family Foundation has awarded grants in Connecticut, New York.
What size grants does The Martello Family Foundation award?
In 2024, The Martello Family Foundation awarded 2 grants totaling $160K — an average of about $80K per grant, based on its IRS Form 990 filings.
How much is The Martello Family Foundation required to give away each year?
Private foundations must generally distribute about 5% of their assets annually. For 2024, The Martello Family Foundation reported a distributable amount of $97K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.
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 2021–2024.
Explore Open Grants
Browse active grant opportunities in The Martello Family Foundation's focus areas in our free grants database
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Data last updated April 2026. Sourced from IRS Form 990-PF filings.
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