Alexia and Caroline Foundation Inc
Alexia and Caroline Foundation Inc is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in Norfolk, VA. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $24.1M in total assets. In 2024, it awarded 20 grants totaling $895K. Net investment income was $2.1M.
Key facts about Alexia and Caroline Foundation Inc
- EIN
- 27-3863092
- Latest 990 filing
- Form 990-PF, 2024
- Annual giving (2024)
- $895,000
- Grants made (2024)
- 20
- Average grant
- $44,750
- Median grant
- $44,500
- New grantees (estimate)
- 40% first-time grantees (8 of 20, 2024)
- Total assets
- $24,072,698
- Primary geography
- District of Columbia (11% of itemized 2024 grant dollars)
Data from IRS Form 990-PF, 2024; updated September 2026. New grantees are estimated by matching recipient names across years (methodology).
Who Alexia and Caroline Foundation Inc funds
By grant dollars, the top recipient states for Alexia and Caroline Foundation Inc's 20 itemized 2024 grants were District of Columbia (11%), New York (11%) and Massachusetts (9%). The most frequent recipient cities were Washington, DC (2 grants) and New York, NY (2 grants). 90% of grants with a stated purpose were for general or operating support.
Is Alexia and Caroline Foundation Inc open to new grantees?
40%
first-time grantees, 2024
In 2024, 8 of 20 grantees (40%) were first-time recipients. First grants averaged $45K; repeat grants $45K. How we count
Medians: $45K first-time, $44K repeat.
- 40% of 2024 grantees were also funded in 2023. Method
- Giving grew 3155% from 2021 to 2024. Method
- In 2024 it paid out 76% of its IRS minimum distribution (the 5% rule). Foundations have until the end of the next year to meet it. Method
Estimate from itemized IRS Form 990-PF grant lists (2020–2024). Recipient names are matched across years, so a renamed or misspelled grantee can look new; grants to individuals are left out. Methodology.
Next steps with Alexia and Caroline Foundation Inc
- How to evaluate Alexia and Caroline Foundation Inc as a funder
Our grant prospecting guide: read the 990-PF, check fit, and decide whether to apply.
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Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$24.1M
+11.1% YoY
Annual Giving
$895K
+80.8% YoY
Grant Count
20
+81.8% YoY
Avg Grant Size
$45K
-0.6% YoY
Under IRS private-foundation payout rules, Alexia and Caroline Foundation Inc reported a distributable amount of $1.3M for 2024 — the minimum it must pay out in qualifying distributions.
About Alexia and Caroline Foundation Inc
Based on IRS filings
Alexia and Caroline Foundation Inc is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in Norfolk, VA. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $24.1M in total assets. In 2024, it awarded 20 grants totaling $895K. Net investment income was $2.1M.
Focus Areas
Ready to take the next step with Alexia and Caroline Foundation Inc?
Geographic Focus
Where this funder awards grants
Grant Distribution by State
Share of all 20 itemized 2024 grant dollars.
States
Cities
Financial History
Multi-year comparison from IRS filings
| Metric | 2024 | 2023 | 2022 |
|---|---|---|---|
| Total Assets | $24,072,698 | $21,676,120 | $22,324,829 |
| Revenue | $3,903,149 | $-5,871 | $358,498 |
| Expenses | $1,031,429 | $642,838 | $573,472 |
| Qualifying Distributions | $982,624 | $575,099 | $528,358 |
| Net Investment Income | $2,140,981 | $397,644 | $191,806 |
| Distributable Amount | $1,299,684 | $1,080,748 | $1,031,172 |
Data update history
When this profile's IRS filing data changed on Grantable
- IRS filings on file for fiscal years 2020–2024
Giving Over Time
Total grant dollars and number of grants per year
Grant Insights
How this funder distributes its grants
Top Recipients
Top 10 recipients in 2024
Grant Size Distribution
67 grants across all recorded years
Giving History
Grant recipients and amounts by year
Among its reported 2024 grants, the largest recipients include Active Minds Inc ($55,000), Becoming a Man Boston ($55,000), Blue Ventures ($55,000).
| Recipient | Purpose | Amount |
|---|---|---|
| ACTIVE MINDS INC Washington, DC | GENERAL CONTRIBUTION | $55,000 |
| BECOMING A MAN BOSTON Chicago, IL | RESTRICTED CONTRIBUTION | $55,000 |
| BLUE VENTURES | GENERAL CONTRIBUTION | $55,000 |
| CONSERVATION LAW FOUNDATION Boston, MA | GENERAL CONTRIBUTION | $55,000 |
| GIRLS INC New York, NY | GENERAL CONTRIBUTION | $55,000 |
| GREENWAVE ORGANIZATION CORP New Haven, CT | GENERAL CONTRIBUTION | $55,000 |
| INSTITUTE FOR SUSTAINABLE Montpelier, VT | GENERAL CONTRIBUTION | $55,000 |
| RARE INC Arlington, VA | GENERAL CONTRIBUTION | $55,000 |
| COMMUNITY SERVINGS INC Jamaica Plain, ME | GENERAL CONTRIBUTION | $45,000 |
| FOODCORPS Portland, OR | GENERAL CONTRIBUTION | $45,000 |
Leadership & Key People
Officers and directors from IRS filings
Compensation Overview
No officer or director reported compensation in the available filings.
From 2024 IRS filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| Paul W Clark | President | 2 | — |
| Carol R Parrish | Vice President, Secretary | 2 | — |
| Terri Klatzkin | Treasurer | 2 | — |
Subject Areas
Focus areas based on grantmaking activity
Frequently Asked Questions
What is Alexia and Caroline Foundation Inc?
Alexia and Caroline Foundation Inc is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in Norfolk, VA. It holds $24.1M in total assets as of 2024.
How large is Alexia and Caroline Foundation Inc?
As of 2024, Alexia and Caroline Foundation Inc holds $24.1M in total assets with $3.9M in annual revenue. It awarded 20 grants totaling $895K in 2024.
Where does Alexia and Caroline Foundation Inc operate?
Alexia and Caroline Foundation Inc has awarded grants in California, Connecticut, District of Columbia, Florida, Georgia, Illinois, Massachusetts, Maine, Minnesota, North Carolina, New York, Oregon, Virginia, Vermont.
What size grants does Alexia and Caroline Foundation Inc award?
In 2024, Alexia and Caroline Foundation Inc awarded 20 grants totaling $895K — an average of about $45K per grant, based on its IRS Form 990 filings.
How much is Alexia and Caroline Foundation Inc required to give away each year?
Private foundations must generally distribute about 5% of their assets annually. For 2024, Alexia and Caroline Foundation Inc reported a distributable amount of $1.3M on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.
What is Alexia and Caroline Foundation Inc's EIN?
Alexia and Caroline Foundation Inc's EIN (Employer Identification Number) is 27-3863092. IRS Form 990 filing data is available on this page for 2020–2024.
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Data last updated September 2026. Sourced from IRS Form 990-PF filings.