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Martin Foundation is a private corporation based in CORALVILLE, IA. The foundation received its IRS ruling in 2019. The principal officer is William E Martin Iii. It holds total assets of $364K. Annual income is reported at $2K. Total assets have decreased from $500K in 2018 to $383K 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 2019 to 2023. According to available records, Martin Foundation has made 13 grants totaling $166K, with a median grant of $10K. Annual giving has grown from $10K in 2019 to $20K in 2023. Grantmaking activity was highest in 2022 with $95K distributed across 4 grants. Individual grants have ranged from $100 to $30K, with an average award of $13K. The foundation has supported 8 unique organizations. Grant recipients are concentrated in Iowa. 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.
Martin Foundation primarily funds organizations in the area of philanthropy & grantmaking. Based on available records, the foundation has funded 13 grants. Its grantmaking reaches organizations primarily in IA.
Martin Foundation has distributed a total of $166K across 13 grants. The median grant size is $10K, with an average of $13K. Individual grants have ranged from $100 to $30K.
Martin Foundation typically selects its grantees rather than accepting unsolicited proposals.
Martin Foundation is headquartered in CORALVILLE, IA.
| Name | Title | Compensation | Benefits | Total |
|---|---|---|---|---|
| William Martin Iii | PRESIDENT | $0 | $0 | N/A |
| Kimberly Jennings-Martin | VICE PRESIDENT | $0 | $0 | N/A |
Total Giving
$26K
Total Assets
$383K
Fair Market Value
$383K
Net Worth
$383K
Grants Paid
$20K
Contributions
N/A
Net Investment Income
$608
Distribution Amount
$20K
Total Grants
13
Total Giving
$166K
Average Grant
$13K
Median Grant
$10K
Unique Recipients
8
Most Common Grant
$10K
of 2023 grantees were first-time recipients
| Recipient | Location | Amount | Year |
|---|---|---|---|
| Iowa City Community School District FoundationSUPPORT OF A LOCAL CHARITY THAT SUPPORTS THE LOCAL COMMUNITY | Iowa City, IA | $10K | 2023 |
| Coralville Center For The Performing ArtsSUPPORT OF A LOCAL CHARITY THAT SUPPORTS THE LOCAL COMMUNITY | Coralville, IA | $5K | 2023 |
| Open HeartlandSUPPORT OF A LOCAL CHARITY THAT SUPPORTS THE LOCAL COMMUNITY | Iowa City, IA | $3K | 2023 |
| Paws & More Animal ShelterSUPPORT OF A LOCAL CHARITY THAT SUPPORTS THE LOCAL COMMUNITY | Washington, IA | $3K | 2023 |
| Iowa City Music AuxiliarySUPPORT OF A LOCAL CHARITY THAT SUPPORTS THE LOCAL COMMUNITY | Coralville, IA | $100 | 2023 |
| Coralville Food PantrySUPPORT OF A LOCAL CHARITY THAT SUPPORTS THE LOCAL COMMUNITY | Coralville, IA | $25K | 2022 |
| Houses Into HomesSUPPORT OF A LOCAL CHARITY THAT SUPPORTS THE LOCAL COMMUNITY | Coralville, IA | $22K | 2022 |
| Iowa City Music AuxilliarySUPPORT OF A LOCAL CHARITY THAT SUPPORTS THE LOCAL COMMUNITY | Iowa City, IA | $2K | 2021 |
COUNCIL BLFS, IA
MUSCATINE, IA
CEDAR RAPIDS, IA