Carat Foundation
Carat Foundation is a private foundation based in Edmond, Oklahoma. It reported 17 grants totaling $66,857 in 2025, with stated grant purposes including religious program support and charitable program support.
Carat Foundation at a glance
In short: Carat Foundation gave $67K across 17 grants in 2025 (avg $4K), mostly in Oklahoma. Source: 2025 IRS Form 990-PF.
- Annual giving (2025)
- $66,857
- +124.0% vs 2024
- Grants made (2025)
- 17
- +13.3% vs 2024
- Average grant
- $3,933
- +97.6% vs 2024
- Median grant
- $1,500
- Total assets
- $293,057
- +5.3% vs 2024
- Primary geography
- Oklahoma (66% of itemized 2025 grant dollars)
- Latest 990 filing
- Form 990-PF, 2025 View filing
Data from IRS Form 990-PF, 2025; updated October 2026.
How to apply to Carat Foundation
- Accepts unsolicited proposals
- No
- How to Apply
-
The foundation makes contributions only to preselected charitable organizations and does not accept unsolicited requests.
- Contact
Mailing address: 6606 Forest Creek Dr, Edmond, OK 73034
Phone: (832) 248-0599
Application details from Grantable's research on the foundation's public materials; confirm on its website before applying.
Who Carat Foundation funds
How this funder distributes its grants
Top Recipients
Top 10 recipients in 2025
The largest 2025 recipient was Henderson Hills Baptist Church ($12K). Together the top 10 received $63K.
Grant Size Distribution
32 grants across all recorded years
The most common grant size was under $50K: 32 grants of 32 (100%).
Geographic Focus
Where this funder awards grants
The 2025 grant dollars went to recipients in Oklahoma (66%), Colorado (19%), Texas (12%), California (2%), and Washington (1%).
Grant Distribution by State
Share of 2025 grant dollars across all 17 itemized grants.
Cities
How Carat Foundation gives
- 76% of 2025 grantees were also funded in 2024. Method
- In 2024 it paid out 222% of its IRS minimum distribution (the 5% rule). Method
Estimate from itemized grant lists in IRS Form 990-PF filings (2025). Recipient names are matched across years, so a renamed or misspelled grantee can look new; grants to individuals are left out. Methodology.
Giving History
Giving Over Time
Total grant dollars and number of grants per year
From 2024 to 2025, annual grant giving ranged from $30K (2024) to $67K (2025). In 2025 it made 17 grants totaling $67K.
Grants by year
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| Henderson Hills Baptist Church Edmond, OK | Religious - to Further the Program | $12,000 |
| Come and See Foundation Inc Colorado Springs, CO | Religious - to Further the Program | $12,000 |
| Tbd Creatives Inc Moore, OK | Religious - to Further the Program | $11,409 |
| Galerie Du Saint Inc Edmond, OK | Religious - to Further the Program | $10,000 |
| Launch Global Dallas, TX | Religious - to Further the Program | $6,000 |
| Salt and Light Leadership Training Oklahoma City, OK | Religious - to Further the Program | $4,000 |
| Positive Tomorrows Inc Oklahoma City, OK | Charitable - to Help Fund Programs | $2,500 |
| Regional Food Bank of Oklahoma Oklahoma City, OK | Charitable - to Help Fund Programs | $2,400 |
| Grace School of Theology The Woodlands, TX | Religious - to Further the Program | $1,500 |
| Agape International Missions Roseville, CA | Religious - to Further the Program | $1,239 |
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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 | $293,057 | $85,512 | $70,926 | $66,857 | 17 | $66,857 | $13,262 | — |
| 2024 | $278,193 | $317,061 | $34,007 | $29,849 | 15 | $29,849 | $5,981 | $13,456 |
Research compiled by Grantable AI from public sources. Last updated September 2026.
Mission & Focus Areas
No foundation mission statement is provided. The 2025 grants include religious and charitable purposes. Among the recipients, Launch Global describes its mission as partnering with local churches to develop leaders who serve communities around the world. Positive Tomorrows says it serves families experiencing homelessness through support and trauma-informed education, while the Regional Food Bank of Oklahoma describes its work as providing food and pathways to self-sufficiency for people facing hunger.
Other 2025 recipients describe missions that include leadership training (Salt and Light Leadership Training), developing spiritual leaders (Grace School of Theology), addressing sex trafficking (Agape International Missions), and providing formula, food, and diapers to babies and toddlers in crisis (Infant Crisis Services).
Grantmaking
In 2025, the foundation reported 17 grants totaling $66,857. Grants ranged from $150 to $12,000, with a median grant of $1,500. Among the larger grants were $12,000 each to Henderson Hills Baptist Church and Come and See Foundation, and $11,409 to Tbd Creatives. Other reported grants included $6,000 to Launch Global, $4,000 to Salt and Light Leadership Training, $2,500 to Positive Tomorrows, and $2,400 to the Regional Food Bank of Oklahoma.
Leadership & Key People
Leadership team and compensation from IRS filings
The 2025 filing lists Caitlyn Lafferty as President and Kevin Lafferty as Treasurer.
Carat Foundation is led by Caitlyn Lafferty, President on every filing since 2024; none of the 2 officers listed in 2025 report compensation.
Officers on the 2025 filing
Caitlyn Lafferty
President
On filings since 2024
1 hr/week
No compensation reported
Kevin Lafferty
Treasurer
On filings since 2024
1 hr/week
No compensation reported
Data from IRS Form 990 filings, 2024–2025. "On filings since" is the earliest filing we hold that lists the person; hours are average hours per week as reported.
Frequently asked questions about Carat Foundation
How much does Carat Foundation give each year?
Carat Foundation gave $67K across 17 grants in 2025, according to its 2025 IRS Form 990-PF. In 2024 it gave $30K across 15 grants.
What is Carat Foundation's typical grant size?
Carat Foundation's median grant in 2025 was $1,500, and its average grant was $3,933, across 17 grants on its 2025 IRS Form 990-PF.
Where does Carat Foundation give grants?
Carat Foundation gives mostly in Oklahoma: 66% of the grant dollars itemized on its 2025 IRS Form 990-PF went to recipients there. The next largest states were Colorado (19%) and Texas (12%). The most frequent recipient cities were Oklahoma City, OK (5 grants), Edmond, OK (2 grants) and Colorado Springs, CO (2 grants).
Does Carat Foundation give general operating support?
Not in 2025: none of the 17 grants with a stated purpose on Carat Foundation's 2025 IRS Form 990-PF were described as general or operating support. Recurring purposes include "Religious - to Further the Program" (11 grants) and "Charitable - to Help Fund Programs" (6 grants).
Who are Carat Foundation's largest grantees?
Carat Foundation's largest 2025 grantees include Henderson Hills Baptist Church ($12,000), Come and See Foundation Inc ($12,000) and Tbd Creatives Inc ($11,409), according to its 2025 IRS Form 990-PF. Together they received 53% of its itemized 2025 grant dollars.
How large is Carat Foundation?
Carat Foundation reported $293K in total assets on its 2025 IRS Form 990-PF. Its revenue that year was $86K.
What does Carat Foundation fund?
No foundation mission statement is provided. The 2025 grants include religious and charitable purposes. Among the recipients, Launch Global describes its mission as partnering with local churches to develop leaders who serve communities around the world. See mission & focus areas ↑
How do I apply for a grant from Carat Foundation?
The foundation makes contributions only to preselected charitable organizations and does not accept unsolicited requests. Eligibility and process details are in the grantmaking section of this profile. See how to apply ↑
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 2024–2025.
Does Carat Foundation accept unsolicited proposals?
No, according to Grantable's research on the foundation's published guidelines. See how to apply ↑
Data last updated October 2026. Sourced from IRS Form 990-PF filings. Research dossier generated September 2026.
Data update history
(3)
When this profile's IRS filing data changed on Grantable
- Updated Form 990-PF for fiscal year 2024 (received by the IRS May 13, 2025)
- Added Form 990-PF for fiscal year 2025 (received by the IRS May 15, 2026)
- IRS filings on file for fiscal year 2024
Explore Open Grants
Browse active grant opportunities in Carat Foundation's focus areas in our free grants database
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Cite this profile
Grantable. (2026). Carat Foundation funder profile. GrantGraph. Retrieved October 11, 2026, from https://grantable.co/funders/carat-foundation-morg_d07e364f241a4f1e973223c7d1773eac
BibTeX
@misc{grantable_993713314_2026,
author = {{Grantable}},
title = {{Carat Foundation funder profile}},
howpublished = {GrantGraph},
year = {2026},
url = {https://grantable.co/funders/carat-foundation-morg_d07e364f241a4f1e973223c7d1773eac},
note = {Accessed 2026-10-11. Data licensed CC BY 4.0}
}The figures on this page are open data under CC BY 4.0: reuse them with credit to Grantable and a link. Download the data.
Figures come from Carat Foundation's IRS filings (methodology). AI-written summaries, news items and logos are not covered by the open licence. Spot an error? Email hello@grantable.co.
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