The Martino Foundation
The Martino Foundation is a private foundation, based in Tampa, FL. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $3.6M in total assets. In 2024, it awarded 5 grants totaling $126K. Net investment income was $37K.
The Martino Foundation at a glance
In short: The Martino Foundation gave $126K across 5 grants in 2024 (avg $25K), mostly in Tennessee. Source: 2024 IRS Form 990-PF.
- Annual giving (2024)
- $125,500
- -29.3% vs 2023
- Grants made (2024)
- 5
- -50.0% vs 2023
- Average grant
- $25,100
- +41.4% vs 2023
- Median grant
- $15,000
- Total assets
- $3,642,054
- +21.7% vs 2023
- Primary geography
- Tennessee (76% of itemized 2024 grant dollars)
- Latest 990 filing
- Form 990-PF, 2024 View filing
Data from IRS Form 990-PF, 2024; updated September 2026.
Who The Martino Foundation funds
How this funder distributes its grants
Top Recipients
Top 5 recipients in 2024
The largest 2024 recipient was Chattanooga Red Wolves Foundation ($80K). Together the top 5 received $126K.
Grant Size Distribution
33 grants across all recorded years
The most common grant size was under $50K: 30 grants of 33 (91%).
Geographic Focus
Where this funder awards grants
Grant Distribution by State
Share of 2024 grant dollars across all 5 itemized grants.
Cities
How The Martino Foundation gives
- Giving held roughly steady from 2021 to 2024 (−15%). Method
- In 2024 it paid out 84% 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 $22K (2020) to $178K (2023). In 2024 it made 5 grants totaling $126K.
Grants by year
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| Chattanooga Red Wolves Foundation Chattanooga, TN | General Donation | $80,000 |
| Chi Memorial Foundation Chattanooga, TN | General Donation | $15,500 |
| Baker & Emily Mayfield Foundation Liberty Hill, TX | General Donation | $15,000 |
| National Ability Center Park City, UT | General Donation | $10,000 |
| Valspar Palm Harbor, FL | General Donation | $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 | $3,642,054 | $-62,220 | $136,514 | $125,500 | 5 | $136,514 | $36,543 | $162,898 |
| 2023 | $2,993,728 | $-106,545 | $177,550 | $177,500 | 10 | $177,550 | — | $154,437 |
| 2022 | $3,277,823 | — | $70,500 | $70,500 | 4 | $70,500 | — | $18,102 |
| 2021 | $3,348,323 | $1,839,897 | $148,820 | $147,500 | 6 | $147,500 | $99,897 | $21,776 |
| 2020 | $1,657,246 | $1,247,000 | $23,338 | $21,500 | 8 | — | — | $51,487 |
Under IRS private-foundation payout rules, The Martino Foundation reported a distributable amount of $163K for 2024 — the minimum it must pay out in qualifying distributions.
Leadership & Key People
Officers and directors from IRS filings
The Martino Foundation's 2024 filing lists 3 officers; none of the 3 officers listed in 2024 report compensation.
Officers on the 2024 filing
Anthony Martino
Trustee
On filings since 2020
1 hr/week
No compensation reported
Lana Martino
Trustee
On filings since 2020
1 hr/week
No compensation reported
Robert J. Martino
Trustee
On filings since 2020
1 hr/week
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 Martino Foundation
How much does The Martino Foundation give each year?
The Martino Foundation gave $126K across 5 grants in 2024, according to its 2024 IRS Form 990-PF. In 2023 it gave $178K across 10 grants.
What is The Martino Foundation's typical grant size?
The Martino Foundation's median grant in 2024 was $15,000, and its average grant was $25,100, across 5 grants on its 2024 IRS Form 990-PF.
Where does The Martino Foundation give grants?
The Martino Foundation gives mostly in Tennessee: 76% of the grant dollars itemized on its 2024 IRS Form 990-PF went to recipients there. The next largest states were Texas (12%) and Utah (8%). The most frequent recipient cities were Chattanooga, TN (2 grants).
Does The Martino Foundation give general operating support?
Yes: 100% of The Martino Foundation's 2024 grants with a stated purpose (5 of 5) were for general or operating support, per its 2024 IRS Form 990-PF.
Who are The Martino Foundation's largest grantees?
The Martino Foundation's largest 2024 grantees include Chattanooga Red Wolves Foundation ($80,000), Chi Memorial Foundation ($15,500) and Baker & Emily Mayfield Foundation ($15,000), according to its 2024 IRS Form 990-PF. Together they received 88% of its itemized 2024 grant dollars.
How large is The Martino Foundation?
The Martino Foundation reported $3.6M in total assets on its 2024 IRS Form 990-PF. It paid out $137K in qualifying distributions that year, against a required minimum of $163K (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 is The Martino Foundation's EIN?
The Martino Foundation's EIN (Employer Identification Number) is 81-5191243. IRS Form 990 filing data is available on this page for 2020–2024.
Data last updated September 2026. Sourced from IRS Form 990-PF filings.
Data update history
(1)
When this profile's IRS filing data changed on Grantable
- IRS filings on file for fiscal years 2020–2024
Explore Open Grants
Browse active grant opportunities in The Martino Foundation's focus areas in our free grants database
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