Ambit Cares Inc
Ambit Cares Inc is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in Irving, TX. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $81K in total assets. In 2024, it awarded 1 grant totaling $202K.
Key facts about Ambit Cares Inc
- EIN
- 81-2832542
- Latest 990 filing
- Form 990-PF, 2024
- Annual giving (2024)
- $202,000
- Grants made (2024)
- 1
- Average grant
- $202,000
- Median grant
- $202,000
- Total assets
- $81,211
- Primary geography
- Illinois (100% of itemized 2024 grant dollars)
Data from IRS Form 990-PF, 2024; updated September 2026.
How Ambit Cares Inc gives
- Giving held roughly steady from 2021 to 2024 (−12%). Method
- In 2024 it paid out well above its IRS minimum distribution (the 5% rule). Method
From the foundation's IRS Form 990-PF filings. Methodology.
Next steps with Ambit Cares Inc
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Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$81K
+16.1% YoY
Annual Giving
$202K
-17.6% YoY
Grant Count
1
+0.0% YoY
Avg Grant Size
$202K
-17.6% YoY
Under IRS private-foundation payout rules, Ambit Cares Inc reported a distributable amount of $8K for 2024 — the minimum it must pay out in qualifying distributions.
About Ambit Cares Inc
Based on IRS filings
Ambit Cares Inc is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in Irving, TX. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $81K in total assets. In 2024, it awarded 1 grant totaling $202K.
Focus Areas
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Geographic Focus
Where this funder awards grants
Grant Distribution by State
Share of all 1 itemized 2024 grant dollars.
Cities
Financial History
Multi-year comparison from IRS filings
| Metric | 2024 | 2023 | 2022 |
|---|---|---|---|
| Total Assets | $81,211 | $69,923 | $93,082 |
| Revenue | $213,608 | $222,142 | $215,977 |
| Expenses | $202,320 | $196,487 | $216,905 |
| Qualifying Distributions | $202,000 | $196,187 | $215,000 |
| Net Investment Income | — | — | — |
| Distributable Amount | $7,837 | $8,126 | $8,954 |
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 1 recipients in 2024
Grant Size Distribution
6 grants across all recorded years
Giving History
Grant recipients and amounts by year
Among its reported 2024 grants, the largest recipients include Feeding America ($202,000).
| Recipient | Purpose | Amount |
|---|---|---|
| FEEDING AMERICA Chicago, IL | Donationagrants are to be used for food pantries | $202,000 |
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 |
|---|---|---|---|
| Scott a Hudson | President | — | — |
| Kristopher Moldovan | CFO | — | — |
| Gabe Vazquez | VPAssoc Gen Counsel | — | — |
| Margaret Montemayor | Controller | — | — |
| Meagan Horn | VP & Gen Tax Counsel | — | — |
| Bill Quinn | Treasurer | — | — |
| Yuki Whitmire | VP Assoc GenCounsel | — | — |
| Eric Reisdorf | VPAmbit Gen Manager | — | — |
| Brad Watson | Dir Community Affairs | — | — |
| Claire Mathison | Dir of Programming | — | — |
| Eric Johnstone | Dir of Marketing | — | — |
| Katherine Reilly | Asst Corporate Sec | — | — |
| Daniela Gutierrez | Asst Corporate Sec | — | — |
| Carrie L Kirby | Director | — | — |
Subject Areas
Focus areas based on grantmaking activity
Frequently Asked Questions
What is Ambit Cares Inc?
Ambit Cares Inc is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in Irving, TX. It holds $81K in total assets as of 2024.
How large is Ambit Cares Inc?
As of 2024, Ambit Cares Inc holds $81K in total assets with $214K in annual revenue. It awarded 1 grant totaling $202K in 2024.
Where does Ambit Cares Inc operate?
Ambit Cares Inc has awarded grants in Illinois, Texas.
What size grants does Ambit Cares Inc award?
In 2024, Ambit Cares Inc awarded 1 grant totaling $202K — an average of about $202K per grant, based on its IRS Form 990 filings.
How much is Ambit Cares Inc required to give away each year?
Private foundations must generally distribute about 5% of their assets annually. For 2024, Ambit Cares Inc reported a distributable amount of $8K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.
What is Ambit Cares Inc's EIN?
Ambit Cares Inc's EIN (Employer Identification Number) is 81-2832542. 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.