Carey Family Foundation

Private foundation · Grantmaker Darien, CT EIN: 20-1970720

Carey Family Foundation is a private foundation, based in Darien, CT. IRS filing data is available from 2021 through 2025. As of 2025, the organization holds $40.8M in total assets. In 2025, it awarded 3 grants totaling $743K. Net investment income was $672K.

Key facts about Carey Family Foundation

In short: Carey Family Foundation gave $743K across 3 grants in 2025 (avg $248K), top state New Hampshire. Source: 2025 IRS Form 990-PF.

EIN
20-1970720
Latest 990 filing
Form 990-PF, 2025
Annual giving (2025)
$743,460
Grants made (2025)
3
Average grant
$247,820
Median grant
$246,578
Total assets
$40,766,425
Primary geography
New Hampshire (34% of itemized 2025 grant dollars)

Data from IRS Form 990-PF, 2025; updated September 2026.

Financial Overview

From 2025 IRS Form 990-PF · View filing

Total Assets

$40.8M

+7.0% YoY

Annual Giving

$743K

-87.4% YoY

Grant Count

3

-25.0% YoY

Avg Grant Size

$248K

-83.2% YoY

Under IRS private-foundation payout rules, Carey Family Foundation reported a distributable amount of $2.0M for 2025 — the minimum it must pay out in qualifying distributions.

How Carey Family Foundation gives

  • Giving fell 75% from 2022 to 2025. Method
  • In 2025 it paid out 38% of its IRS minimum distribution (the 5% rule). Foundations have until the end of the next year to meet it. Method

From the foundation's IRS Form 990-PF filings. Methodology.

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Geographic Focus

Where this funder awards grants

Grant Distribution by State

4states

Share of 2025 grant dollars across all 3 itemized grants.

Cities

CovingtonNew LondonStamfordHamilton

Giving Over Time

Total grant dollars and number of grants per year

$0$2M$4M$6M4 grants2021 4 grants2022 4 grants2023 4 grants2024 3 grants2025

From 2021 to 2025, annual grant giving ranged from $743K (2025) to $5.9M (2024). In 2025 it made 3 grants totaling $743K.

Grant Insights

How this funder distributes its grants

Top Recipients

Top 3 recipients in 2025

Colby Sawyer College: $251KColby Sawyer College$251KFidelity Investments Charitable Gift Fund: $247KFidelity InvestmentsCharitable Gift Fund$247KFuture 5: $246KFuture 5$246K

The largest 2025 recipient was Colby Sawyer College ($251K). Together the top 3 received $743K.

Grant Size Distribution

19 grants across all recorded years

<$50K1$50–100K5$100–250K8$250–500K2$500K–1M2$1–5M1$5M+

The most common grant size was in the $250–500K range: 8 grants of 19 (42%).

Giving History

Grant recipients and amounts by year

RecipientPurposeAmount
Colby Sawyer College New London, NHGeneral Use$250,665
Fidelity Investments Charitable Gift Fund Covington, KYGeneral Use$246,578
Future 5 Stamford, CTGeneral Use$246,217

Financial History

Multi-year comparison from IRS filings

Revenue
Expenses
Qualifying Distributions
Net Investment Income
$0$2M$4M$6M$8M2021 2022 2023 2024 2025
Metric202520242023
Total Assets$40,766,425$38,086,418$35,994,214
Revenue$844,537$1,423,354$2,813,361
Expenses$921,114$6,088,173$4,468,933
Qualifying Distributions$743,460$5,921,010$4,306,145
Net Investment Income$671,834$275,609$192,958
Distributable Amount$1,961,863$1,797,483$1,673,975

Data update history

When this profile's IRS filing data changed on Grantable

  1. IRS filings on file for fiscal years 2021–2025

Leadership & Key People

Officers and directors from IRS filings

Carey Family Foundation's 2025 filing lists 2 officers; none of the 2 officers listed in 2025 report compensation.

Officers on the 2025 filing

  • Charles G Carey

    Trustee

    On filings since 2021

    No compensation reported

  • Wendy G Carey

    Trustee

    On filings since 2021

    No compensation reported

Data from IRS Form 990 filings, 2021–2025. "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 Carey Family Foundation

How much does Carey Family Foundation give each year?

Carey Family Foundation gave $743K across 3 grants in 2025, according to its 2025 IRS Form 990-PF. In 2024 it gave $5.9M across 4 grants.

What is Carey Family Foundation's typical grant size?

Carey Family Foundation's median grant in 2025 was $246,578, and its average grant was $247,820, across 3 grants on its 2025 IRS Form 990-PF.

Where does Carey Family Foundation give grants?

Carey Family Foundation's top state is New Hampshire, with 34% of the grant dollars itemized on its 2025 IRS Form 990-PF. The next largest states were Kentucky (33%) and Connecticut (33%).

Does Carey Family Foundation give general operating support?

Yes: 100% of Carey Family Foundation's 2025 grants with a stated purpose (3 of 3) were for general or operating support, per its 2025 IRS Form 990-PF.

How large is Carey Family Foundation?

Carey Family Foundation reported $40.8M in total assets on its 2025 IRS Form 990-PF. It paid out $743K in qualifying distributions that year, against a required minimum of $2.0M (roughly 5% of its investment assets). Falling short in one year is not a violation: foundations have until the end of the next year to meet the minimum.

What is Carey Family Foundation's EIN?

Carey Family Foundation's EIN (Employer Identification Number) is 20-1970720. IRS Form 990 filing data is available on this page for 2021–2025.

Data last updated September 2026. Sourced from IRS Form 990-PF filings.

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