Carat Foundation is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in EDMOND, OK. IRS filing data is available for 2024. As of 2024, the organization holds $278K in total assets. In 2024, it awarded 15 grants totaling $30K. Net investment income was $6K.
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$278K
Annual Giving
$30K
Grant Count
15
Avg Grant Size
$2K
Under IRS private-foundation payout rules, Carat Foundation reported a distributable amount of $13K for 2024 — the minimum it must pay out in qualifying distributions.
About Carat Foundation
Based on IRS filings
Carat Foundation is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in EDMOND, OK. IRS filing data is available for 2024. As of 2024, the organization holds $278K in total assets. In 2024, it awarded 15 grants totaling $30K. Net investment income was $6K.
Focus Areas
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Geographic Focus
Where this funder awards grants
Grant Distribution by State
Cities
Financial History
Multi-year comparison from IRS filings
| Metric | 2024 |
|---|---|
| Total Assets | $278,193 |
| Revenue | $317,061 |
| Expenses | $34,007 |
| Qualifying Distributions | $29,849 |
| Net Investment Income | $5,981 |
| Distributable Amount | $13,456 |
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
15 grants across all recorded years
Giving History
Grant recipients and amounts by year
Among its reported 2024 grants, the largest include Come and See Foundation Inc ($12,000), St Paul's Community School Inc ($3,500), Henderson Hills Baptist Church ($3,500).
| Recipient | Purpose | Amount |
|---|---|---|
| World Vision Foundation Federal Way, WA | CHARITABLE - TO HELP FUND PROGRAMS | $190 |
| St Paul's Community School Inc Oklahoma City, OK | RELIGIOUS - TO FURTHER THE PROGRAM | $3,500 |
| Salt and Light Leadership Training Oklahoma City, OK | RELIGIOUS - TO FURTHER THE PROGRAM | $3,200 |
| Regional Food Bank of Oklahoma Oklahoma City, OK | CHARITABLE - TO HELP FUND PROGRAMS | $400 |
| Positive Tomorrows Inc Oklahoma City, OK | CHARITABLE - TO HELP FUND PROGRAMS | $2,500 |
| Ministries of Jesus Inc Edmond, OK | RELIGIOUS - TO FURTHER THE PROGRAM | $1,000 |
| Launch Global Dallas, TX | RELIGIOUS - TO FURTHER THE PROGRAM | $2,000 |
| Infant Crisis Services Oklahoma City, OK | CHARITABLE - TO HELP FUND PROGRAMS | $309 |
| Human Coalition Frisco, TX | CHARITABLE - TO HELP FUND PROGRAMS | $321 |
| Henderson Hills Baptist Church Edmond, OK | RELIGIOUS - TO FURTHER THE PROGRAM | $3,500 |
Leadership & Key People
Officers and directors from IRS filings
Compensation Overview
From 2024 IRS filing
From 2024 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| Caitlyn Lafferty | President | 1 | — |
| Kevin Lafferty | Treasurer | 1 | — |
Subject Areas
Focus areas based on grantmaking activity
Frequently Asked Questions
What is Carat Foundation?
Carat Foundation is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in EDMOND, OK. It holds $278K in total assets as of 2024.
How large is Carat Foundation?
As of 2024, Carat Foundation holds $278K in total assets with $317K in annual revenue. It awarded 15 grants totaling $30K in 2024.
Where does Carat Foundation operate?
Carat Foundation has awarded grants in California, Colorado, Oklahoma, Oregon, Texas, Washington.
What size grants does Carat Foundation award?
In 2024, Carat Foundation awarded 15 grants totaling $30K — an average of about $2K per grant, based on its IRS Form 990 filings.
How much is Carat Foundation required to give away each year?
Private foundations must generally distribute about 5% of their assets annually. For 2024, Carat Foundation reported a distributable amount of $13K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.
What is Carat Foundation's EIN?
Carat Foundation's EIN (Employer Identification Number) is 99-3713314. IRS Form 990 filing data is available on this page for 2024.
Explore Open Grants
Browse active grant opportunities in Carat 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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