Andrew & Eula Carlos Foundation Inc
The Andrew & Eula Carlos Foundation is a private foundation based in Atlanta, Georgia. As a 501(c)(3) organization, it operates without employees and functions as a grantmaking entity that distributes income from its investments to charitable organizations.
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$2.5M
-0.0% YoY
Revenue
—
-100.0% YoY
Net Investment Income
—
Expenses
$150
-96.5% YoY
Under IRS private-foundation payout rules, Andrew & Eula Carlos Foundation Inc reported a distributable amount of $122K for 2024 — the minimum it must pay out in qualifying distributions.
Mission & Focus Areas
The Foundation's purpose is to use all income from temporary investments and other investments for charitable donations. The Foundation primarily funds organizations in the following areas:
- Community service
- Religious organizations
- Medical and medical research
- Educational institutions
The Foundation does not conduct direct charitable activities; all contributions are made to exempt organizations.
Grantmaking
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Geographic Focus
Where this funder awards grants
The Foundation operates in Atlanta, Georgia and supports organizations in that region.
Grant Distribution by State
Cities
Financial History
Multi-year comparison from IRS filings
| Metric | Amount (as of 12/2024) |
|---|---|
| Total Assets | $2,467,308 |
| Total Revenues | $0 |
| Total Expenses | $150 |
| Investment Income | $0 |
The Foundation's asset base remains substantial, though recent investment income has declined significantly.
| Metric | 2024 | 2023 | 2022 |
|---|---|---|---|
| Total Assets | $2,467,308 | $2,467,458 | $2,471,729 |
| Revenue | — | $5 | $-14,013 |
| Expenses | $150 | $4,276 | $397,923 |
| Qualifying Distributions | — | $4,126 | $380,910 |
| Net Investment Income | — | — | $4,700 |
| Distributable Amount | $121,522 | $121,830 | $216,855 |
Giving Over Time
Total grant dollars and number of grants per year
Grant Insights
How this funder distributes its grants
Top Recipients
Top 0 recipients in 2024
Grant Size Distribution
62 grants across all recorded years
Giving History
Grant recipients and amounts by year
No grants recorded for 2024.
Leadership & Key People
Leadership team and compensation from IRS filings
The Foundation is connected to the Carlos family, whose philanthropic involvement extends to supporting multiple sclerosis programs. John Carlos was diagnosed with multiple sclerosis at age 28 and received treatment at Shepherd Center in Atlanta. His mother, Eula Carlos, developed a close relationship with Shepherd Center's leadership and made donations to the organization in honor of her late husband, supporting the MS Institute.
Compensation Overview
From 2024 IRS filing
From 2024 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| HELEN A CARLOS | SECRETARY | — | — |
| JOHN A CARLOS | PRESIDENT | — | — |
Frequently Asked Questions
What does Andrew & Eula Carlos Foundation Inc fund?
The Foundation's purpose is to use all income from temporary investments and other investments for charitable donations. The Foundation primarily funds organizations in the following areas: • Community service • Religious organizations • Medical and medical research • Educational institutions The Foundation does not conduct direct charitable activities; all contributions are made to exempt organizations.
How do I apply for a grant from Andrew & Eula Carlos Foundation Inc?
**Grant Activity:** • In 2023, the Foundation made at least one documented grant of $4,126 to Breakthrough Atlanta for community service work • Historical grant amounts have ranged from $4,126 to $100,000 • The Foundation made 30 grants in the most recent reporting year **Recent Financial Activity:** • Total assets as of December 2024: $2,467,308 • Total expenses in 2024: $150 • Total revenues in 2024: $0 • Investment income declined from $5 in 2023 to $0 in 2024
Where does Andrew & Eula Carlos Foundation Inc make grants?
The Foundation operates in Atlanta, Georgia and supports organizations in that region.
How much is Andrew & Eula Carlos Foundation Inc required to give away each year?
Private foundations must generally distribute about 5% of their assets annually. For 2024, Andrew & Eula Carlos Foundation Inc reported a distributable amount of $122K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.
What is Andrew & Eula Carlos Foundation Inc's EIN?
Andrew & Eula Carlos Foundation Inc's EIN (Employer Identification Number) is 58-1486620. IRS Form 990 filing data is available on this page for 2020–2024.
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Data last updated June 2026. Sourced from IRS Form 990-PF filings. Research dossier generated April 2026.
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