Althea Carnell Foundation
Althea Carnell Foundation is a private foundation, based in Pittsburgh, PA. IRS filing data is available from 2019 through 2025. As of 2025, the organization holds $301K in total assets. In 2025, it awarded 3 grants totaling $16K. Net investment income was $22K.
Althea Carnell Foundation at a glance
In short: Althea Carnell Foundation gave $16K across 3 grants in 2025 (avg $5K), mostly in Pennsylvania. Source: 2025 IRS Form 990-PF.
- Annual giving (2025)
- $15,735
- +5.1% vs 2024
- Grants made (2025)
- 3
- +0.0% vs 2024
- Average grant
- $5,245
- +5.1% vs 2024
- Median grant
- $5,245
- Total assets
- $300,548
- +1.8% vs 2024
- Primary geography
- Pennsylvania (100% of itemized 2025 grant dollars)
- Latest 990 filing
- Form 990-PF, 2025 View filing
Data from IRS Form 990-PF, 2025; updated September 2026.
Who Althea Carnell Foundation funds
How this funder distributes its grants
Top Recipients
Top 3 recipients in 2025
The largest 2025 recipient was Episcopal Diocese of PA ($5K). Together the top 3 received $16K.
Grant Size Distribution
15 grants across all recorded years
The most common grant size was under $50K: 15 grants of 15 (100%).
Geographic Focus
Where this funder awards grants
Grant Distribution by State
Share of 2025 grant dollars across all 3 itemized grants.
States
Cities
How Althea Carnell Foundation gives
- Giving held roughly steady from 2022 to 2025 (−13%). Method
- In 2025 it paid out 96% of its IRS minimum distribution (the 5% rule). Foundations have until the end of the next year to meet it. Method
From the foundation's IRS Form 990-PF filings. Methodology.
Giving History
Giving Over Time
Total grant dollars and number of grants per year
From 2019 to 2025, annual grant giving ranged from $15K (2024) to $18K (2022). In 2025 it made 3 grants totaling $16K.
Grants by year
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| Episcopal Diocese of PA Philadelphia, PA | General Support | $5,245 |
| Presbytery of Philadelphia Philadelphia, PA | General Support | $5,245 |
| Palmer Theological Seminary King of Prussia, PA | General Support | $5,245 |
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Financial History
Multi-year comparison from IRS filings
| Filing year | Total Assets | Revenue | Expenses | Grants paid | Grants | Qualifying Distributions | Net Investment Income | Distributable Amount |
|---|---|---|---|---|---|---|---|---|
| 2025 | $300,548 | $25,820 | $20,458 | $15,735 | 3 | $16,588 | $22,218 | $17,249 |
| 2024 | $295,126 | $16,280 | $19,214 | $14,967 | 3 | $15,780 | $12,860 | $16,547 |
| 2023 | $298,177 | $7,067 | $19,486 | $15,729 | 3 | $15,914 | $4,018 | $15,153 |
| 2022 | $309,641 | $-606 | $22,871 | $18,153 | 3 | $18,350 | $3,187 | $15,924 |
| 2021 | $333,632 | $32,755 | $20,728 | $16,077 | 3 | $16,305 | $27,342 | $18,383 |
| 2020 | $321,555 | $9,147 | $20,412 | $14,973 | 3 | — | $5,162 | $16,272 |
| 2019 | $333,459 | $37,664 | $20,922 | $16,320 | 3 | — | $33,621 | $15,899 |
Under IRS private-foundation payout rules, Althea Carnell Foundation reported a distributable amount of $17K for 2025 — the minimum it must pay out in qualifying distributions.
Leadership & Key People
Officers and directors from IRS filings
Althea Carnell Foundation's only listed officer is PNC Bank N A, Trustee on every filing since 2019 (compensated).
Officers on the 2025 filing
PNC Bank N A
Trustee
On filings since 2019
1 hr/week
$4K (2019) → $4K (2025)
Data from IRS Form 990 filings, 2019–2025. "On filings since" is the earliest filing we hold that lists the person; hours are average hours per week as reported.
Compensation Overview
From 2025 IRS filing
The highest reported compensation on the 2025 filing was $4K, to PNC Bank N a (Trustee).
Frequently asked questions about Althea Carnell Foundation
How much does Althea Carnell Foundation give each year?
Althea Carnell Foundation gave $16K across 3 grants in 2025, according to its 2025 IRS Form 990-PF. In 2024 it gave $15K across 3 grants.
What is Althea Carnell Foundation's typical grant size?
Althea Carnell Foundation's median grant in 2025 was $5,245, and its average grant was $5,245, across 3 grants on its 2025 IRS Form 990-PF.
Where does Althea Carnell Foundation give grants?
Althea Carnell Foundation gives mostly in Pennsylvania: 100% of the grant dollars itemized on its 2025 IRS Form 990-PF went to recipients there. The most frequent recipient cities were Philadelphia, PA (2 grants).
Does Althea Carnell Foundation give general operating support?
Yes: 100% of Althea Carnell Foundation's 2025 grants with a stated purpose (3 of 3) were for general or operating support, per its 2025 IRS Form 990-PF.
How large is Althea Carnell Foundation?
Althea Carnell Foundation reported $301K in total assets on its 2025 IRS Form 990-PF. It paid out $17K in qualifying distributions that year, against a required minimum of $17K (roughly 5% of its investment assets). Falling short in one year is not a violation: foundations have until the end of the next year to meet the minimum.
What is Althea Carnell Foundation's EIN?
Althea Carnell Foundation's EIN (Employer Identification Number) is 23-6205869. IRS Form 990 filing data is available on this page for 2019–2025.
Data last updated September 2026. Sourced from IRS Form 990-PF filings.
Data update history
(7)
When this profile's IRS filing data changed on Grantable
- Updated Form 990-PF for fiscal year 2024 (received by the IRS April 26, 2025)
- Updated Form 990-PF for fiscal year 2025 (received by the IRS May 8, 2026)
- Added Form 990-PF for fiscal year 2019 (received by the IRS March 30, 2020)
- Updated Form 990-PF for fiscal year 2020 (received by the IRS April 29, 2021)
- Updated Form 990-PF for fiscal year 2021 (received by the IRS April 21, 2022)
- Updated Form 990-PF for fiscal year 2022 (received by the IRS April 12, 2023)
- Updated Form 990-PF for fiscal year 2023 (received by the IRS April 17, 2024)
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