Caridad Corporation
Caridad Corporation is a private foundation based in Excelsior, Minnesota. Established in 1987, the organization operates as a 501(c)(3) grantmaking foundation with no employees. The foundation supports a diverse range of charitable organizations across multiple states and cause areas.
Key facts about Caridad Corporation
- EIN
- 36-3505813
- Latest 990 filing
- Form 990-PF, 2025
- Annual giving (2025)
- $149,700
- Grants made (2025)
- 12
- Average grant
- $12,475
- Median grant
- $500
- New grantees (estimate)
- 25% first-time grantees (3 of 12, 2025)
- Primary geography
- Minnesota (96% of itemized 2025 grant dollars)
Data from IRS Form 990-PF, 2025; updated September 2026. New grantees are estimated by matching recipient names across years (methodology).
Who Caridad Corporation funds
By grant dollars, the top recipient states for Caridad Corporation's 12 itemized 2025 grants were Minnesota (96%). The most frequent recipient cities were Minneapolis, MN (2 grants) and Ketchum, ID (2 grants). None of its 12 grants with a stated purpose were described as general or operating support. Recurring purposes include "Further the Tax Exempt Purpose of the Charity" (12 grants).
Is Caridad Corporation open to new grantees?
25%
first-time grantees, 2025
In 2025, 3 of 12 grantees (25%) were first-time recipients. 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
Estimate from itemized IRS Form 990-PF grant lists (2020–2025). Recipient names are matched across years, so a renamed or misspelled grantee can look new; grants to individuals are left out. Methodology.
Next steps with Caridad Corporation
- How to evaluate Caridad Corporation as a funder
Our grant prospecting guide: read the 990-PF, check fit, and decide whether to apply.
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Financial Overview
From 2025 IRS Form 990-PF · View filing
Total Assets
—
Annual Giving
$150K
+63.3% YoY
Grant Count
12
-68.4% YoY
Avg Grant Size
$12K
+417.2% YoY
Grantmaking
Caridad Corporation distributes grants to further the tax-exempt purposes of charitable organizations. In 2023, the foundation awarded grants to 72 charitable organizations, with a total giving amount of $109,400.
Grant Range
$50 to $50,000
Ready to take the next step with Caridad Corporation?
Geographic Focus
Where this funder awards grants
Grant Distribution by State
Share of all 12 itemized 2025 grant dollars.
States
Cities
Financial History
Multi-year comparison from IRS filings
As of December 31, 2023:
- Total assets: $122,331
- Total revenues: $200,986
- Total expenses: $115,739
- Total grants, contributions, etc.: $126,864
- Investment income and dividends: $5,969
Year-over-year comparison (2023 vs. 2022):
- Grants and contributions decreased 4.9% ($126,864 in 2023 vs. $133,359 in 2022)
- Investment income increased 20.8% ($5,969 in 2023 vs. $4,941 in 2022)
| Metric | 2025 | 2024 | 2023 |
|---|---|---|---|
| Total Assets | — | — | — |
| Revenue | — | — | — |
| Expenses | — | — | — |
| Qualifying Distributions | — | — | — |
| Net Investment Income | — | — | — |
| Distributable Amount | — | — | — |
Data update history
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)
- IRS filings on file for fiscal years 2020–2024
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 2025
Grant Size Distribution
218 grants across all recorded years
Giving History
Grant recipients and amounts by year
Among its reported 2025 grants, the largest recipients include Minneapolis Heart Institute Foundation ($125,000), Minnetonka Center for the Arts ($10,000), Sun Valley Writers Conference ($6,200).
| 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 |
Leadership & Key People
Leadership team and compensation from IRS filings
- Thomas P. Lowe — President
- Thomas P. Lowe III — Treasurer (20 hours per week)
Compensation Overview
From 2022 IRS filing
From 2025 IRS filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| Thomas P Lowe | President | — | — |
| Thomas P Lowe III | Treasurer | 5 | — |
Contact Information
Address: 2630 W Lafayette Road Excelsior, MN 55331
Phone: (612) 803-6192
Frequently Asked Questions
How do I apply for a grant from Caridad Corporation?
Caridad Corporation distributes grants to further the tax-exempt purposes of charitable organizations. In 2023, the foundation awarded grants to 72 charitable organizations, with a total giving amount of $109,400. **Grant Characteristics:** • Grant range: $50 to $50,000 • Median grant amount: $2,282 • Giving rate: 96.4% of assets distributed annually • Total grants awarded (recent period): 89 grants **Recent Grant Recipients (2023):** • Minneapolis Heart Institute Foundation: $20,000 • Twin Cit…
What size grants does Caridad Corporation award?
In 2025, Caridad Corporation awarded 12 grants totaling $150K — an average of about $12K per grant, based on its IRS Form 990 filings.
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.
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Data last updated September 2026. Sourced from IRS Form 990-PF filings. Research dossier generated April 2026.