Care Institute Group Inc is a private foundation located in Indianapolis, Indiana. The organization was incorporated as an Indiana non-stock nonprofit corporation on October 28, 1993. It operates as a 501(c)(3) organization with tax-deductible status.
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$2.4M
-14.5% YoY
Annual Giving
$1.1M
+26.8% YoY
Grant Count
36
-12.2% YoY
Avg Grant Size
$31K
+44.4% YoY
Under IRS private-foundation payout rules, Care Institute Group Inc reported a distributable amount of $241K for 2024 — the minimum it must pay out in qualifying distributions.
Mission & Focus Areas
Care Institute Group provides centralized executive and administrative services to three affiliated nonprofit corporations that deliver healthcare services to the community. The foundation's primary mission is to provide for the general welfare and promote health of community members by establishing, owning, maintaining, and operating nursing homes, related healthcare facilities, and residential assisted living facilities designed to meet the housing, health, and financial security needs of the elderly.
The foundation supports a range of grant types including general purpose funding, event sponsorship, scholarships, giving campaigns, and capital campaigns.
Grantmaking
Care Institute Group made 47 grants in the most recent reporting year.
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Geographic Focus
Where this funder awards grants
The foundation is based in Indianapolis, Indiana, with a primary focus on serving the local community.
Grant Distribution by State
States
Cities
Financial History
Multi-year comparison from IRS filings
2024 Financial Summary:
- Total revenues: $888,415
- Total expenses: $1,291,374
- Total assets: $2,369,135
- Number of employees: 0
| Metric | 2024 | 2023 | 2022 |
|---|---|---|---|
| Total Assets | $2,369,135 | $2,772,094 | $3,459,447 |
| Revenue | $888,415 | $376,018 | $366,576 |
| Expenses | $1,291,374 | $1,063,371 | $1,135,387 |
| Qualifying Distributions | $1,219,813 | $980,866 | $1,032,416 |
| Net Investment Income | $818,764 | $293,513 | $281,292 |
| Distributable Amount | $241,488 | $237,944 | $277,371 |
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
216 grants across all recorded years
Giving History
Grant recipients and amounts by year
Among its reported 2024 grants, the largest include Emerald Youth Foundation ($200,000), Boston University Scholarship ($125,000), American Cancer Society ($115,000).
| Recipient | Purpose | Amount |
|---|---|---|
| Alzheimer's Assocation Greater Indiana Chapter Indianapolis, IN | General Purpose | $20,000 |
| American Cancer Society Nashville, TN | $75K Event Sponsorship - $40K General Operations | $115,000 |
| Boston College - Carroll School of Management Innovation Fund Chestnut Hill, MA | Deans Innovation Fund | $30,000 |
| Boston University Scholarship Boston, MA | Scholarship | $125,000 |
| Boys and Girls Club of the Tennessee Valley Knoxville, TN | General Purpose | $10,000 |
| Central Indiana Council on Aging (CICOA) Indianapolis, IN | General Purpose | $5,000 |
| Clinton Central Education Foundation Michigantown, IN | Event Sponsorship | $5,000 |
| Coalition for Homelessness Intervention & Prevention Indianapolis, IN | General Purpose | $5,000 |
| Duke University Durham, NC | Scholarship | $100,000 |
| Emerald Youth Foundation Knoxville, TN | General Purpose $175K - Event Sponsorship $25K | $200,000 |
Leadership & Key People
Officers and directors from IRS filings
Compensation Overview
From 2024 IRS filing
No officer/director data available.
Subject Areas
Focus areas based on grantmaking activity
Frequently Asked Questions
What does Care Institute Group Inc fund?
Care Institute Group provides centralized executive and administrative services to three affiliated nonprofit corporations that deliver healthcare services to the community. The foundation's primary mission is to provide for the general welfare and promote health of community members by establishing, owning, maintaining, and operating nursing homes, related healthcare facilities, and residential assisted living facilities designed to meet the housing, health, and financial security needs of the…
How do I apply for a grant from Care Institute Group Inc?
Care Institute Group made 47 grants in the most recent reporting year. **Recent Grant Activity:** • Emerald Youth Foundation received $200,000 in 2024, comprised of $175,000 in general purpose funding and $25,000 for event sponsorship The foundation supports various causes including scholarship programs, meal plans, and financial assistance initiatives.
Where does Care Institute Group Inc make grants?
The foundation is based in Indianapolis, Indiana, with a primary focus on serving the local community.
What size grants does Care Institute Group Inc award?
In 2024, Care Institute Group Inc awarded 36 grants totaling $1.1M — an average of about $31K per grant, based on its IRS Form 990 filings.
How much is Care Institute Group Inc required to give away each year?
Private foundations must generally distribute about 5% of their assets annually. For 2024, Care Institute Group Inc reported a distributable amount of $241K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.
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 2019–2024.
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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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