Calvin and Kelly Carter Family Foundation
Calvin and Kelly Carter Family Foundation is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in WILMINGTON, DE. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $2.6M in total assets. In 2024, it awarded 20 grants totaling $106K. Net investment income was $203K.
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$2.6M
+3.3% YoY
Annual Giving
$106K
+3.8% YoY
Grant Count
20
-53.5% YoY
Avg Grant Size
$5K
+123.1% YoY
Under IRS private-foundation payout rules, Calvin and Kelly Carter Family Foundation reported a distributable amount of $131K for 2024 — the minimum it must pay out in qualifying distributions.
About Calvin and Kelly Carter Family Foundation
Based on IRS filings
Calvin and Kelly Carter Family Foundation is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in WILMINGTON, DE. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $2.6M in total assets. In 2024, it awarded 20 grants totaling $106K. Net investment income was $203K.
Focus Areas
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Geographic Focus
Where this funder awards grants
Grant Distribution by State
States
Cities
Financial History
Multi-year comparison from IRS filings
| Metric | 2024 | 2023 | 2022 |
|---|---|---|---|
| Total Assets | $2,584,483 | $2,502,587 | $2,518,965 |
| Revenue | $217,924 | $113,783 | $105,403 |
| Expenses | $136,028 | $130,161 | $161,882 |
| Qualifying Distributions | $119,413 | $115,216 | $144,530 |
| Net Investment Income | $202,909 | $100,328 | $91,451 |
| Distributable Amount | $130,946 | $119,239 | $123,616 |
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
177 grants across all recorded years
Giving History
Grant recipients and amounts by year
Among its reported 2024 grants, the largest include Hope Community Church of Cary Inc ($10,000), Hope Community Church of Cary Inc ($10,000), House of Joy Inc ($10,000).
| Recipient | Purpose | Amount |
|---|---|---|
| AMERICAN RED CROSS HICKORY, NC | Relief Effort for Hurriane Helene | $5,000 |
| AMIGOS OF COSTA RICA INC WEST CHESTER, PA | To support Fundacion Dreamcatchers for Costa Rican Children | $3,500 |
| BACKPACK BEGINNINGS GREENSBORO, NC | General & Unrestricted | $5,000 |
| CARYING PLACE INCORPORATED CARY, NC | Charitable Event | $7,500 |
| DESIGNED FOR JOY RALEIGH, NC | Charitable Event | $5,000 |
| DUKE UNIVERSITY DURHAM, NC | Support in maintaining the Duke Human Heart Repository | $5,000 |
| FOOD BANK OF CENTRAL & EASTERN NORTH CAROLINA INC RALEIGH, NC | General & Unrestricted | $5,000 |
| HOPE COMMUNITY CHURCH OF CARY INC RALEIGH, NC | Hurricane Helene Disaster Relief Fund | $10,000 |
| HOPE COMMUNITY CHURCH OF CARY INC RALEIGH, NC | Hurricane Helene Disaster Relief Fund | $10,000 |
| HOUSE OF JOY INC ZEBULON, NC | Hurricane Helene disaster relief in Western NC | $10,000 |
Leadership & Key People
Officers and directors from IRS filings
Compensation Overview
From 2024 IRS filing
From 2024 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| Kelly M Carter | VP, Dir | 1 | — |
| Calvin H Carter Jr | Pres, Dir, Sec | 1 | — |
| Brooke Carter Kelley | Dir, Assistant VP | 1 | — |
| Nicole Carter Mascia | Dir, Assistant VP | 1 | — |
Subject Areas
Focus areas based on grantmaking activity
Frequently Asked Questions
What is Calvin and Kelly Carter Family Foundation?
Calvin and Kelly Carter Family Foundation is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in WILMINGTON, DE. It holds $2.6M in total assets as of 2024.
How large is Calvin and Kelly Carter Family Foundation?
As of 2024, Calvin and Kelly Carter Family Foundation holds $2.6M in total assets with $218K in annual revenue. It awarded 20 grants totaling $106K in 2024.
Where does Calvin and Kelly Carter Family Foundation operate?
Calvin and Kelly Carter Family Foundation has awarded grants in Arkansas, District of Columbia, Illinois, Massachusetts, North Carolina, New Jersey, New York, Pennsylvania, Virginia.
What size grants does Calvin and Kelly Carter Family Foundation award?
In 2024, Calvin and Kelly Carter Family Foundation awarded 20 grants totaling $106K — an average of about $5K per grant, based on its IRS Form 990 filings.
How much is Calvin and Kelly Carter Family Foundation required to give away each year?
Private foundations must generally distribute about 5% of their assets annually. For 2024, Calvin and Kelly Carter Family Foundation reported a distributable amount of $131K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.
What is Calvin and Kelly Carter Family Foundation's EIN?
Calvin and Kelly Carter Family Foundation's EIN (Employer Identification Number) is 27-0858648. IRS Form 990 filing data is available on this page for 2020–2024.
Explore Open Grants
Browse active grant opportunities in Calvin and Kelly Carter Family Foundation's focus areas in our free grants database
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Data last updated April 2026. Sourced from IRS Form 990-PF filings.
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