//
Work at this foundation?
Claim this profile to manage it and see interest from grant seekers.
Martini-Welch Family Foundation is a private corporation based in RALEIGH, NC. The foundation received its IRS ruling in 2021. The principal officer is Dirk Edwards. It holds total assets of N/A. Annual income is reported at $4K. Total assets have decreased from $1.3M in 2019 to $914K in 2023. The foundation is governed by 4 officers and trustees. The foundation operates in the area of education. According to its most recent filing, the foundation only makes contributions to preselected charitable organizations. Tax records are available from 2020 to 2023. Funding is distributed across 5 states, including Georgia, New Hampshire, Alaska. According to available records, Martini-Welch Family Foundation has made 16 grants totaling $454K, with a median grant of $10K. Annual giving has grown from $63K in 2020 to $326K in 2023. Individual grants have ranged from $500 to $300K, with an average award of $28K. The foundation has supported 10 unique organizations. The foundation primarily supports organizations in New York, New Hampshire, Georgia, which account for 75% of all grants. Grantmaking reaches organizations across 6 states. Contributions to this foundation are tax-deductible.
Smallest Grant
$500
Median Grant
$10K
Average Grant
$9K
Largest Grant
$15K
Based on 7 grants from the most recent 990-PF filing.
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.
Martini-Welch Family Foundation primarily funds organizations in the area of education. Based on available records, the foundation has funded 16 grants. Its grantmaking reaches organizations primarily in NY, NH, GA.
Martini-Welch Family Foundation has distributed a total of $454K across 16 grants. The median grant size is $10K, with an average of $28K. Individual grants have ranged from $500 to $300K.
Martini-Welch Family Foundation typically selects its grantees rather than accepting unsolicited proposals.
Martini-Welch Family Foundation is headquartered in RALEIGH, NC. While based in NC, the foundation distributes grants to organizations across 6 states.
| Name | Title | Compensation | Benefits | Total |
|---|---|---|---|---|
| Frederic H Martini | PRESIDENT | $0 | $0 | N/A |
| Dirk Edwards | VICE PRESIDENT | $0 | $0 | N/A |
| Kathleen Welch | SECRETARY | $0 | $0 | N/A |
| Pk Martini | DIRECTOR | $0 | $0 | N/A |
Total Giving
$332K
Total Assets
$914K
Fair Market Value
$846K
Net Worth
$914K
Grants Paid
$326K
Contributions
N/A
Net Investment Income
$18K
Distribution Amount
$40K
Total: $908K
Total Grants
16
Total Giving
$454K
Average Grant
$28K
Median Grant
$10K
Unique Recipients
10
Most Common Grant
$10K
of 2023 grantees were first-time recipients
| Recipient | Location | Amount | Year |
|---|---|---|---|
| Shoals Marine Laboratory Cornell UniversityTO SUPPORT MARINE SCIENCE EDUCATION, RESEARCH, AND OUTREACH THROUGH ACADEMIC PROGRAMMING AND INNOVATIVE COLLABORATIONS. | Ithaca, NY | $300K | 2023 |
| Star Island CorporationTO PROVIDE FINANCIAL SUPPORT TO BUILD COMMUNITY, EMPLOY ECONOMIC FISCAL PRACTICES, ENHANCE THE EXPERIENCE OF THE NATURAL ENVIRONMENT, AND MAINTAIN STEWARDSHIP PRACTICES OF STAR ISLAND | Portsmouth, NH | $15K | 2023 |
| Maui Food BankIN FINANCIAL SUPPORT OF ITS MISSION TO COLLECT AND DISTRIBUTE FOOD TO ORGANIZATIONS AND AGENCIES THAT RELY ON US TO HELP IMPROVE THE QUALITY OF LIFE OF THOSE IN THE ISLAND 'OHANA. | Wailuku, HI | $5K | 2023 |
| University Of Alaska FoundationFINANCIAL SUPPORT FOR THE UNIVERSITY OF ALASKA AND ITS PHILANTHROPIC MISSION. | Anchorage, AK | $5K | 2023 |
| 385th Bomb GroupTO SUPPORT THE HISTORICAL DOCUMENTATION OF THE 385TH BOMB GROUP. | Alpharetta, GA | $500 | 2023 |
| University Of New HampshireTO SUPPORT MARINE SCIENCE EDUCATION, RESEARCH, AND OUTREACH DISTINGUISHED BY OUR TOP-NOTCH ACADEMIC PROGRAMMING AND INNOVATIVE COLLABORATIONS. | Durham, NH | $15K | 2022 |
| Human Anatomy And Physiology SocietyTO SUPPORT THE MISSION OF THE HUMAN ANATOMY AND PHYSIOLOGY SOCIETY (HAPS) IN PROMOTING EXCELLENCE IN THE TEACHING OF ANATOMY AND PHYSIOLOGY. | Lagrange, GA | $10K | 2022 |
| Live OceanTO PROVIDE FINANCIAL SUPPORT FOR EDUCATION AND SERVICE LEARNING PROJECTS TO PRETECH THE OCEANS | Kirkland, WA | $10K | 2022 |
| Shoals Marine Laboratory University Of New HampshireTO SUPPORT MARINE SCIENCE EDUCATION, RESEARCH, AND OUTREACH DISTINGUISHED BY OUR TOP-NOTCH ACADEMIC PROGRAMMING AND INNOVATIVE COLLABORATIONS. | Durham, NH | $25K | 2020 |
| The Author'S GuildTO SUPPORT WORKING WRITERS IS AN INVESTMENT IN THE FUTURE OF LITERATURE. | New York, NY | $2K | 2020 |