Care Institute Group Inc
Care Institute Group Inc is a private foundation based in Indianapolis, Indiana. Its 2025 filing reports grants to charitable organizations for purposes including general support, event sponsorship, scholarships, health-related programs, and campaigns.
Care Institute Group Inc at a glance
In short: Care Institute Group Inc gave $1.4M across 38 grants in 2025 (avg $36K), top state Tennessee. 18% of 2025 grantees were new. Source: 2025 IRS Form 990-PF.
- Annual giving (2025)
- $1,385,000
- +23.0% vs 2024
- Grants made (2025)
- 38
- +5.6% vs 2024
- Average grant
- $36,447
- +16.5% vs 2024
- Median grant
- $15,000
- Total assets
- $1,436,668
- -39.4% vs 2024
- New grantees (estimate)
- 18% first-time grantees (7 of 38, 2025)
- Primary geography
- Tennessee (38% of itemized 2025 grant dollars)
- Latest 990 filing
- Form 990-PF, 2025 View filing
Data from IRS Form 990-PF, 2025; updated October 2026. New grantees are estimated by matching recipient names across years (methodology).
How to apply to Care Institute Group Inc
- Accepts unsolicited proposals
- No
- How to Apply
-
The foundation states that it makes contributions only to preselected charitable organizations and does not accept unsolicited requests for funds.
- Contact
Mailing address: 450 East 96Th Street Suite 500, Indianapolis, IN 46240
Phone: (317) 818-6006
Application details from Grantable's research on the foundation's public materials; confirm on its website before applying.
Who Care Institute Group Inc funds
How this funder distributes its grants
Top Recipients
Top 10 recipients in 2025
The largest 2025 recipient was Emerald Youth Foundation ($225K). Together the top 10 received $1.1M.
Grant Size Distribution
208 grants across all recorded years
The most common grant size was under $50K: 172 grants of 208 (83%).
Geographic Focus
Where this funder awards grants
The 2025 grant-dollar shares by recipient state were Tennessee (38%), Massachusetts (17%), Indiana (16%), California (9%), and Colorado (9%). The grants also included recipients in other states, such as North Carolina and Virginia.
Grant Distribution by State
Share of 2025 grant dollars across all 38 itemized grants.
States
Cities
Is Care Institute Group Inc open to new grantees?
18%
first-time grantees, 2025
In 2025, 7 of 38 grantees (18%) were first-time recipients. First grants averaged $13K; repeat grants $42K. How we count
Medians: $10K first-time, $20K repeat.
- 74% of 2025 grantees were also funded in 2024. Method
- Giving grew 47% from 2022 to 2025. Method
- In 2025 it paid out 654% of its IRS minimum distribution (the 5% rule). Method
Estimate from itemized grant lists in IRS Form 990-PF filings (2019–2025). 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 2019 to 2025, annual grant giving ranged from $865K (2021) to $1.4M (2025). In 2025 it made 38 grants totaling $1.4M.
Grants by year
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| Emerald Youth Foundation Knoxville, TN | General Purpose $200K - Event Sponsorship $25K | $225,000 |
| American Cancer Society Nashville, TN | Event Sponsorship | $150,000 |
| Boston University Scholarship Boston, MA | Scholarship | $125,000 |
| Knoebel Insititute for Healthy Aging (University of Denver) Denver, CO | Paul Freeman Financial Security Program | $125,000 |
| Boston College - Carroll School of Management Innovation Fund Chestnut Hill, MA | Soaring Higher Campaign Fund for Faculty Support | $100,000 |
| Duke University Durham, NC | Scholarship | $100,000 |
| The University of Tennessee Medical Center Knoxville, TN | Campaign for Building a Healthier Future - BSN Scholars Program | $75,000 |
| Knoxville Zoo Knoxville, TN | Event Sponsorship | $50,000 |
| The Bishop School LaJolla, CA | Lead with Purpose Campaign | $50,000 |
| USC Leonard Davis School of Gerontology Los Angeles, CA | Aging and Technology Fund | $50,000 |
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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 | $1,436,668 | $627,472 | $1,559,939 | $1,385,000 | 38 | $1,467,220 | $553,780 | $224,291 |
| 2024 | $2,369,135 | $888,415 | $1,291,374 | $1,126,175 | 36 | $1,219,813 | $818,764 | $241,488 |
| 2023 | $2,772,094 | $376,018 | $1,063,371 | $888,144 | 41 | $980,866 | $293,513 | $237,944 |
| 2022 | $3,459,447 | $366,576 | $1,135,387 | $939,669 | 47 | $1,032,416 | $281,292 | $277,371 |
| 2021 | $4,228,258 | $818,004 | $1,049,281 | $864,500 | 46 | $955,360 | $728,548 | $333,823 |
| 2020 | $4,459,535 | $270,002 | $1,547,972 | $1,372,000 | 46 | — | $184,791 | $319,533 |
| 2019 | $5,737,505 | $289,410 | $1,153,865 | $972,750 | 46 | — | $198,939 | $364,148 |
Under IRS private-foundation payout rules, Care Institute Group Inc reported a distributable amount of $224K for 2025 — the minimum it must pay out in qualifying distributions.
Research compiled by Grantable AI from public sources. Last updated September 2026.
Mission & Focus Areas
The available information does not state a mission for the foundation. Its 2025 grants show support for organizations with varied activities. For example, Emerald Youth Foundation describes its work as serving urban youth through faith, education, and sports programs; the American Cancer Society says it works to improve the lives of people with cancer and their families through advocacy, research, and patient support. Other 2025 recipients include a children’s museum, a film organization, a food-rescue and hunger-relief organization, and organizations supporting adults with disabilities or people affected by Alzheimer’s.
Grantmaking
In 2025, Care Institute Group reported 38 grants totaling $1,385,000. Grant amounts ranged from $2,500 to $225,000, with a median of $15,000. The largest award was $225,000 to Emerald Youth Foundation, including $200,000 for general purposes and $25,000 for event sponsorship. Other large grants included $150,000 to the American Cancer Society for event sponsorship; $125,000 to Boston University for a scholarship; and $125,000 to the Knoebel Institute for Healthy Aging at the University of Denver for its Paul Freeman Financial Security Program.
Additional grants included $100,000 to Boston College’s Carroll School of Management Innovation Fund for faculty support, $100,000 to Duke University for a scholarship, and $75,000 to the University of Tennessee Medical Center for its BSN Scholars Program. Among smaller awards were $25,000 to Muncie Children’s Museum, $20,000 to Heartland Film, and $10,000 each to Beer City Dog Biscuits and Second Helpings.
Leadership & Key People
Officers and directors from IRS filings
Care Institute Group Inc is led by Jay L Hicks, President since 2023 (on filings since 2019); all 5 officers listed in 2025 are compensated.
Officers on the 2025 filing
Jay L Hicks
President
President → Director, 2021
Director → President, 2023
On filings since 2019
10 hrs/week
$37K (2019) → $37K (2025)
Arnold M Whitman
Director
On filings since 2019
1 hr/week
$10K (2019) → $10K (2025)
James C Carlino
Director
On filings since 2019
1 hr/week
$10K (2019) → $10K (2025)
Kelly L Adair
Assistant Secretary & Treasurer
On filings since 2019
10 hrs/week
$23K (2019) → $27K (2025)
Robert N Davies
Secretary
General Counsel, Secretary & Treasurer → Director, 2021
Director → Secretary, 2023
On filings since 2019
5 hrs/week
$28K (2019) → $14K (2025)
Data from IRS Form 990 filings, 2019–2025. "On filings since" is the earliest filing we hold that lists the person; hours are average hours per week as reported.
Compensation Overview
From 2025 IRS filing
The highest reported compensation on the 2025 filing was $37K, to Jay L Hicks (President). 5 officers or directors reported compensation on that filing.
Frequently asked questions about Care Institute Group Inc
How much does Care Institute Group Inc give each year?
Care Institute Group Inc gave $1.4M across 38 grants in 2025, according to its 2025 IRS Form 990-PF. In 2024 it gave $1.1M across 36 grants.
What is Care Institute Group Inc's typical grant size?
Care Institute Group Inc's median grant in 2025 was $15,000, and its average grant was $36,447, across 38 grants on its 2025 IRS Form 990-PF. Organizations receiving their first grant from Care Institute Group Inc that year got $13K on average.
Where does Care Institute Group Inc give grants?
Care Institute Group Inc's top state is Tennessee, with 38% of the grant dollars itemized on its 2025 IRS Form 990-PF. The next largest states were Massachusetts (17%) and Indiana (16%). The most frequent recipient cities were Indianapolis, IN (13 grants), Knoxville, TN (6 grants) and Los Angeles, CA (2 grants).
Does Care Institute Group Inc give general operating support?
Yes: 45% of Care Institute Group Inc's 2025 grants with a stated purpose (17 of 38) were for general or operating support, per its 2025 IRS Form 990-PF. Recurring purposes include "Event Sponsorship" (10 grants).
Who are Care Institute Group Inc's largest grantees?
Care Institute Group Inc's largest 2025 grantees include Emerald Youth Foundation ($225,000), American Cancer Society ($150,000) and Boston University Scholarship ($125,000), according to its 2025 IRS Form 990-PF. Together they received 36% of its itemized 2025 grant dollars.
How large is Care Institute Group Inc?
Care Institute Group Inc reported $1.4M in total assets on its 2025 IRS Form 990-PF. It paid out $1.5M in qualifying distributions that year, against a required minimum of $224K (roughly 5% of its investment assets).
What does Care Institute Group Inc fund?
The available information does not state a mission for the foundation. Its 2025 grants show support for organizations with varied activities. See mission & focus areas ↑
How do I apply for a grant from Care Institute Group Inc?
The foundation states that it makes contributions only to preselected charitable organizations and does not accept unsolicited requests for funds. Eligibility and process details are in the grantmaking section of this profile. See how to apply ↑
What is Care Institute Group Inc's EIN?
Care Institute Group Inc's EIN (Employer Identification Number) is 35-1902145. IRS Form 990 filing data is available on this page for 2019–2025.
Does Care Institute Group Inc 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
(7)
When this profile's IRS filing data changed on Grantable
- Updated Form 990-PF for fiscal year 2019 (received by the IRS July 7, 2020)
- Added Form 990-PF for fiscal year 2025 (received by the IRS May 15, 2026)
- Updated Form 990-PF for fiscal year 2020 (received by the IRS May 14, 2021)
- Updated Form 990-PF for fiscal year 2021 (received by the IRS May 16, 2022)
- Updated Form 990-PF for fiscal year 2022 (received by the IRS May 22, 2023)
- Updated Form 990-PF for fiscal year 2023 (received by the IRS May 13, 2024)
- Updated Form 990-PF for fiscal year 2024 (received by the IRS May 14, 2025)
Live grants for the work Care Institute Group Inc funds
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Cite this profile
Grantable. (2026). Care Institute Group Inc funder profile. GrantGraph. Retrieved October 20, 2026, from https://grantable.co/funders/care-institute-group-inc-morg_d712d379817e49b884b39796ffcda1e4
BibTeX
@misc{grantable_351902145_2026,
author = {{Grantable}},
title = {{Care Institute Group Inc funder profile}},
howpublished = {GrantGraph},
year = {2026},
url = {https://grantable.co/funders/care-institute-group-inc-morg_d712d379817e49b884b39796ffcda1e4},
note = {Accessed 2026-10-20. 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 Care Institute Group Inc'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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