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Mart Foundation is a private trust based in BOSTON, MA. The foundation received its IRS ruling in 2016. The principal officer is Atlantic Trust Company. It holds total assets of $16.3M. Annual income is reported at $1.4M. Total assets have grown from $8.6M in 2019 to $16.1M in 2023. The foundation is governed by 2 officers and trustees. The foundation operates in the area of philanthropy & grantmaking. According to its most recent filing, the foundation only makes contributions to preselected charitable organizations. Tax records are available from 2018 to 2023. According to available records, Mart Foundation has made 4 grants totaling $1.5M, with a median grant of $375K. Individual grants have ranged from $250K to $500K, with an average award of $375K. The foundation has supported 2 unique organizations. Grant recipients are concentrated in North Carolina. Contributions to this foundation are tax-deductible.
No program descriptions are available for this foundation. Many private foundations report program activities in their annual 990-PF filings — check the Tax Filings section below for the most recent filing.
Mart Foundation primarily funds organizations in the area of philanthropy & grantmaking. Based on available records, the foundation has funded 4 grants. Its grantmaking reaches organizations primarily in NC.
Mart Foundation has distributed a total of $1.5M across 4 grants. The median grant size is $375K, with an average of $375K. Individual grants have ranged from $250K to $500K.
Mart Foundation typically selects its grantees rather than accepting unsolicited proposals.
Mart Foundation is headquartered in BOSTON, MA.
| Name | Title | Compensation | Benefits | Total |
|---|---|---|---|---|
| Cibc National Trust Company | TRUSTEE | $55K | $0 | $55K |
| Robert A Niblock | MANAGER | $0 | $0 | N/A |
Total Giving
$1.1M
Total Assets
$16.1M
Fair Market Value
$18.7M
Net Worth
$16.1M
Grants Paid
$1M
Contributions
$250K
Net Investment Income
$414K
Distribution Amount
$861K
Total: $2.4M
Total Grants
4
Total Giving
$1.5M
Average Grant
$375K
Median Grant
$375K
Unique Recipients
2
Most Common Grant
$500K
of 2022 grantees were first-time recipients
| Recipient | Location | Amount | Year |
|---|---|---|---|
| Foundation Of The University OfTO FUND SCHOLARSHIP PROGRAM | Charlotte, NC | $500K | 2022 |
| Forsyth Country Day School IncTO FUND SCHOLARSHIP PROGRAM | Lewisville, NC | $250K | 2022 |