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Marti Foundation is a private corporation based in CLEBURNE, TX. The foundation received its IRS ruling in 1989. The principal officer is % Michelle S Marti. It holds total assets of $16.5M. Annual income is reported at $2.3M. University and college scholarships for the benefit of specific individual students. Total students receiving scholarship grants - 431 [See attached Scholarship List.pdf for detail list of students receiving benefit of scholarship grants.]. According to available records, Marti Foundation has made 4 grants totaling $4.8M, with a median grant of $1.3M. Annual giving has grown from $706K in 2020 to $1.1M in 2023. Grantmaking activity was highest in 2022 with $3.1M distributed across 2 grants. Individual grants have ranged from $706K to $1.5M, with an average award of $1.2M. The foundation has supported 3 unique organizations. Grant recipients are concentrated in Texas. Contributions to this foundation are tax-deductible.
University and college scholarships for the benefit of specific individual students. Total students receiving scholarship grants - 198 [See attached Scholarship List.pdf for detail list of students receiving benefit of scholarship grants.]
Expenses: $452K
University and college scholarships for the benefit of specific individual students. Total students receiving scholarship grants - 431 [See attached Scholarship List.pdf for detail list of students receiving benefit of scholarship grants.]. Based on available records, the foundation has funded 4 grants. Its grantmaking reaches organizations primarily in TX.
Marti Foundation has distributed a total of $4.8M across 4 grants. The median grant size is $1.3M, with an average of $1.2M. Individual grants have ranged from $706K to $1.5M.
The application deadline is Generally submissions are received from February thru mid April preceding each academic year. see attached limitations for Foundation documents.
Marti Foundation is headquartered in CLEBURNE, TX.
| Name | Title | Compensation | Benefits | Total |
|---|---|---|---|---|
| Robert Riza | President and Trustee | $102K | $0 | $102K |
| Justin Hewlett | 1st VP and Trustee | $0 | $0 | $0 |
| Brandi Gregg | 2nd VP and Trustee | $0 | $0 | $0 |
| Michael K Lilly | Secretary and Trustee | $0 | $0 | $0 |
Total Giving
$1.4M
Total Assets
$15.9M
Fair Market Value
$20.1M
Net Worth
$15.9M
Grants Paid
$1.1M
Contributions
$500
Net Investment Income
$634K
Distribution Amount
$944K
Total: $15.3M
Total Grants
4
Total Giving
$4.8M
Average Grant
$1.2M
Median Grant
$1.3M
Unique Recipients
3
Most Common Grant
$1.5M
of 2023 grantees were first-time recipients
| Recipient | Location | Amount | Year |
|---|---|---|---|
| See Attached ListScholarships | Cleburne, TX | $1.1M | 2023 |
| See Attached ScheduleScholarships | See Attachment, TX | $1.5M | 2022 |
| See ScheduleScholarships | See List, TX | $706K | 2020 |
Other foundations that have funded Marti Foundation.
| Funder | Amount | Year | Purpose |
|---|---|---|---|
| Max Marti Trust 05972005 | $62K | 2023 | GENERAL |
| Max Marti Trust 05972005 | $68K | 2022 | GENERAL |
| Max Marti Trust 05972005 | $68K | 2022 | GENERAL |
| Max Marti Trust 05972005 | $57K | 2020 | GENERAL |
| Ortega Charitable Foundation |
| 2018 | 990PF | View |
| 2017 | 990PF | View |
| 2016 | 990PF | View |
| $50K |
| 2020 |
| General & Unrestricted |
HOUSTON, TX
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