Caridad Corporation
Caridad Corporation is a private foundation based in Excelsior, Minnesota. Its 2025 filing lists grants to charitable organizations, primarily in Minnesota, with awards also going to organizations in other states.
Caridad Corporation at a glance
In short: Caridad Corporation gave $150K across 12 grants in 2025 (avg $12K), mostly in Minnesota. 25% of 2025 grantees were new. Source: 2025 IRS Form 990-PF.
- Annual giving (2025)
- $149,700
- +63.3% vs 2024
- Grants made (2025)
- 12
- -68.4% vs 2024
- Average grant
- $12,475
- +417.2% vs 2024
- Median grant
- $500
- Total assets
- $121,175
- -19.2% vs 2024
- New grantees (estimate)
- 25% first-time grantees (3 of 12, 2025; small sample)
- Primary geography
- Minnesota (96% 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 Caridad Corporation
- Accepts unsolicited proposals
- No
- How to Apply
-
The foundation does not accept unsolicited requests. It states that it makes contributions only to preselected charitable organizations. Its filing lists a letter describing the organization, the benefit, and 501(c)(3) status as the application materials; restrictions on awards are listed as none. The contact named on the filing is Thomas P. Lowe.
- Review Cycle
- October 30 each calendar year.
- Deadline
- October 30 each calendar year.
- Contact
Application contact: Thomas P Lowe
Mailing address: 607 Sun Valley Road Apt No 3, Ketchum, ID 83340
Phone: (612) 803-6192
Website: https://caridad.org
Application details from Grantable's research on the foundation's public materials; confirm on its website before applying.
Who Caridad Corporation funds
How this funder distributes its grants
Top Recipients
Top 10 recipients in 2025
The largest 2025 recipient was Minneapolis Heart Institute Foundation ($125K). Together the top 10 received $149K.
Grant Size Distribution
218 grants across all recorded years
The most common grant size was under $50K: 216 grants of 218 (99%).
Geographic Focus
Where this funder awards grants
The 2025 filing reports that 96% of grant dollars went to Minnesota recipients and 3% to Idaho recipients. It also lists grants to organizations in Washington, DC, California, Maryland, and Virginia. These figures describe the distribution of 2025 grant dollars; the listed grants do not establish a broader geographic focus.
Grant Distribution by State
Share of 2025 grant dollars across all 12 itemized grants.
States
Cities
Is Caridad Corporation open to new grantees?
25%
first-time grantees, 2025
In 2025, 3 of 12 grantees (25%) were first-time recipients. With only 12 grantees, that is a small sample: one grantee more or less moves the share by about 8 points. First grants averaged $3K; repeat grants $16K. How we count
Medians: $2K first-time, $500 repeat.
- 67% of 2025 grantees were also funded in 2024. Method
- Giving held roughly steady from 2022 to 2025 (−14%). Method
- In 2025 it paid out well above its IRS minimum distribution (the 5% rule). Method
Estimate from itemized grant lists in IRS Form 990-PF filings (2020–2025). 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 2020 to 2025, annual grant giving ranged from $52K (2020) to $175K (2022). In 2025 it made 12 grants totaling $150K.
Grants by year
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| Minneapolis Heart Institute Foundation Minneapolis, MN | Further the Tax Exempt Purpose of the Charity | $125,000 |
| Minnetonka Center for the Arts Wayzata, MN | Further the Tax Exempt Purpose of the Charity | $10,000 |
| Sun Valley Writers Conference St. Paul, MN | Further the Tax Exempt Purpose of the Charity | $6,200 |
| Community Library Ketchum, ID | Further the Tax Exempt Purpose of the Charity | $4,000 |
| MN Landscape Arboretum Foundation Minneapolis, MN | Further the Tax Exempt Purpose of the Charity | $2,000 |
| Judicial Watch Washington, DC | Further the Tax Exempt Purpose of the Charity | $500 |
| Pacific Legal Foundation Sacremento, CA | Further the Tax Exempt Purpose of the Charity | $500 |
| Upper Midwest Law Canter Golden Valley, MN | Further the Tax Exempt Purpose of the Charity | $500 |
| Alpa News Minnetonka, MN | Further the Tax Exempt Purpose of the Charity | $250 |
| American Cancer Society Hagerstown, MD | Further the Tax Exempt Purpose of the Charity | $250 |
Ready to take the next step with Caridad Corporation?
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 | $121,175 | $125,890 | $154,615 | $149,700 | 12 | $149,700 | $121,929 | $6,932 |
| 2024 | $149,900 | $200,495 | $96,091 | $91,650 | 38 | $91,650 | $65,005 | — |
| 2023 | $122,331 | $200,986 | $115,739 | $109,400 | 48 | $109,400 | $70,073 | — |
| 2022 | $104,636 | $312,651 | $194,739 | $174,990 | 48 | $174,990 | $160,759 | — |
| 2021 | $98,759 | $178,082 | $129,969 | $98,969 | 72 | $98,969 | $86,977 | — |
| 2020 | $105,572 | $54,122 | $85,066 | $51,825 | 53 | — | $21,293 | — |
Under IRS private-foundation payout rules, Caridad Corporation reported a distributable amount of $7K 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 filing describes grant purposes as furthering recipients’ tax-exempt purposes. Its 2025 grantees represent varied activities. For example, the Minneapolis Heart Institute Foundation says its mission is to improve cardiovascular health through research and education; the Minnetonka Center for the Arts describes a mission of providing arts education, exhibitions, and cultural enrichment; and Sun Valley Writers’ Conference says it brings readers and writers together to celebrate ideas. Other grantees include organizations whose stated missions address legal advocacy, government accountability, cancer support and research, and wolf education and conservation.
Grantmaking
In 2025, Caridad Corporation awarded 12 grants totaling $149,700. Grants ranged from $250 to $125,000, with a median award of $500. The largest grants were $125,000 to the Minneapolis Heart Institute Foundation, $10,000 to the Minnetonka Center for the Arts, $6,200 to Sun Valley Writers Conference, and $4,000 to Community Library in Ketchum, Idaho. The filing lists the purpose of each award as furthering the recipient organization’s tax-exempt purpose.
Leadership & Key People
Leadership team and compensation from IRS filings
The 2025 filing lists Thomas P. Lowe as president and Thomas P. Lowe III as treasurer.
Caridad Corporation is led by Thomas P. Lowe, President on every filing since 2020; none of the 2 officers listed in 2025 report compensation.
Officers on the 2025 filing
Thomas P. Lowe
President
On filings since 2020
No compensation reported
Thomas P. Lowe III
Treasurer
On filings since 2020
5 hrs/week
$13K (2022) → $0 (2025)
Former officers (1)
- Former: Margaret L. Lowe (2020–2021) — Vice President
Data from IRS Form 990 filings, 2020–2025. "On filings since" is the earliest filing we hold that lists the person; hours are average hours per week as reported.
Compensation Overview
From 2022 IRS filing
The highest reported compensation on the 2022 filing was $13K, to Thomas P Lowe III (Treasurer).
Frequently asked questions about Caridad Corporation
How much does Caridad Corporation give each year?
Caridad Corporation gave $150K across 12 grants in 2025, according to its 2025 IRS Form 990-PF. In 2024 it gave $92K across 38 grants.
What is Caridad Corporation's typical grant size?
Caridad Corporation's median grant in 2025 was $500, and its average grant was $12,475, across 12 grants on its 2025 IRS Form 990-PF. Organizations receiving their first grant from Caridad Corporation that year got $3K on average.
Where does Caridad Corporation give grants?
Caridad Corporation gives mostly in Minnesota: 96% of the grant dollars itemized on its 2025 IRS Form 990-PF went to recipients there. The most frequent recipient cities were Minneapolis, MN (2 grants) and Ketchum, ID (2 grants).
Who are Caridad Corporation's largest grantees?
Caridad Corporation's largest 2025 grantees include Minneapolis Heart Institute Foundation ($125,000), Minnetonka Center for the Arts ($10,000) and Sun Valley Writers Conference ($6,200), according to its 2025 IRS Form 990-PF. Together they received 94% of its itemized 2025 grant dollars.
How large is Caridad Corporation?
Caridad Corporation reported $121K in total assets on its 2025 IRS Form 990-PF. It paid out $150K in qualifying distributions that year, against a required minimum of $7K (roughly 5% of its investment assets).
What does Caridad Corporation fund?
The filing describes grant purposes as furthering recipients’ tax-exempt purposes. Its 2025 grantees represent varied activities. See mission & focus areas ↑
How do I apply for a grant from Caridad Corporation?
The foundation does not accept unsolicited requests. Eligibility and process details are in the grantmaking section of this profile. See how to apply ↑
What is Caridad Corporation's EIN?
Caridad Corporation's EIN (Employer Identification Number) is 36-3505813. IRS Form 990 filing data is available on this page for 2020–2025.
Does Caridad Corporation 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
(6)
When this profile's IRS filing data changed on Grantable
- Updated Form 990-PF for fiscal year 2020 (received by the IRS May 17, 2021)
- Updated Form 990-PF for fiscal year 2021 (received by the IRS May 13, 2022)
- Updated Form 990-PF for fiscal year 2022 (received by the IRS May 10, 2023)
- Updated Form 990-PF for fiscal year 2023 (received by the IRS May 8, 2024)
- 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 12, 2026)
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Funders with grantees in common, and similar funders in Minnesota
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Cite this profile
Grantable. (2026). Caridad Corporation funder profile. GrantGraph. Retrieved October 17, 2026, from https://grantable.co/funders/caridad-corporation-morg_f041c439789c4fbaaa26e0c2e5f24fb9
BibTeX
@misc{grantable_363505813_2026,
author = {{Grantable}},
title = {{Caridad Corporation funder profile}},
howpublished = {GrantGraph},
year = {2026},
url = {https://grantable.co/funders/caridad-corporation-morg_f041c439789c4fbaaa26e0c2e5f24fb9},
note = {Accessed 2026-10-17. 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 Caridad Corporation'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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