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Martello Family Foundation is a private trust based in WESTPORT, CT. The foundation received its IRS ruling in 2022. It holds total assets of $1.9M. Annual income is reported at $188K. Total assets have grown from N/A in 2021 to $2M in 2023. The foundation is governed by 2 officers and trustees. The foundation operates in the area of philanthropy & grantmaking. Tax records are available from 2021 to 2023. According to available records, Martello Family Foundation has made 5 grants totaling $405K, with a median grant of $100K. The foundation has distributed between $200K and $205K annually from 2022 to 2023. Individual grants have ranged from $50K to $100K, with an average award of $81K. The foundation has supported 3 unique organizations. Grant recipients are concentrated in Connecticut. Contributions to this foundation are tax-deductible.
No specific application information is available for this foundation. Check the 990-PF filings below for application guidelines, or visit the foundation's website if listed above.
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.
Martello Family Foundation primarily funds organizations in the area of philanthropy & grantmaking. Based on available records, the foundation has funded 5 grants. Its grantmaking reaches organizations primarily in CT.
Martello Family Foundation has distributed a total of $405K across 5 grants. The median grant size is $100K, with an average of $81K. Individual grants have ranged from $50K to $100K.
Martello Family Foundation is a private foundation. To inquire about grants, you can look up the foundation using their EIN (874020692) on GuideStar or contact them directly. Many private foundations have specific application processes that may not be publicly listed.
Martello Family Foundation is headquartered in WESTPORT, CT.
| Name | Title | Compensation | Benefits | Total |
|---|---|---|---|---|
| John Martello | TRUSTEE | $0 | $0 | N/A |
| Carolyn Martello Spaulding | TRUSTEE | $0 | $0 | N/A |
Total Giving
$214K
Total Assets
$2M
Fair Market Value
$1.9M
Net Worth
$2M
Grants Paid
$205K
Contributions
$6K
Net Investment Income
$65K
Distribution Amount
$96K
Total: N/A
Total Grants
5
Total Giving
$405K
Average Grant
$81K
Median Grant
$100K
Unique Recipients
3
Most Common Grant
$100K
of 2023 grantees were first-time recipients
| Recipient | Location | Amount | Year |
|---|---|---|---|
| Pierrepont School IncPROVIDE BETTER TEACHING EXPERIENCE FOR ELEMENTARY AND HIGH SCHOOL AGED CHILDREN | Westport, CT | $100K | 2023 |
| Franklin Academy IncorporatedPROVIDE EDUCATION TO CHILDREN WITH NONVERBAL LEARNING DIFFERENCES AND ASPERGER'S SYNDROME. | East Haddam, CT | $55K | 2023 |
| Mitchell CollegePROVIDE EDUCATION SERVICES FOR A DIVERSE STUDENT POPULATION. | New London, CT | $50K | 2023 |