Caritas Foundation
Caritas Foundation is a private foundation, based in Madison, WI. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $9.3M in total assets. In 2024, it awarded 3 grants totaling $250K. Net investment income was $424K.
Caritas Foundation at a glance
In short: Caritas Foundation gave $250K across 3 grants in 2024 (avg $83K), mostly in Wisconsin. Source: 2024 IRS Form 990-PF.
- Annual giving (2024)
- $250,000
- -69.0% vs 2023
- Grants made (2024)
- 3
- -66.7% vs 2023
- Average grant
- $83,333
- -7.0% vs 2023
- Median grant
- $100,000
- Total assets
- $9,261,123
- +1.8% vs 2023
- Primary geography
- Wisconsin (100% of itemized 2024 grant dollars)
- Latest 990 filing
- Form 990-PF, 2024 View filing
Data from IRS Form 990-PF, 2024; updated October 2026.
Who Caritas Foundation funds
How this funder distributes its grants
Top Recipients
Top 3 recipients in 2024
The largest 2024 recipient was District Council of Madison Inc Society of St Vincent De Paul ($100K). Together the top 3 received $250K.
Grant Size Distribution
42 grants across all recorded years
The most common grant size was in the $50–100K range: 21 grants of 42 (50%).
Geographic Focus
Where this funder awards grants
Grant Distribution by State
Share of 2024 grant dollars across all 3 itemized grants.
Cities
How Caritas Foundation gives
- Giving fell 46% from 2021 to 2024. Method
- In 2024 it paid out 46% 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.
Giving History
Giving Over Time
Total grant dollars and number of grants per year
From 2020 to 2024, annual grant giving ranged from $250K (2024) to $806K (2023). In 2024 it made 3 grants totaling $250K.
Grants by year
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| District Council of Madison Inc Society of St Vincent De Paul Madison, WI | Unrestricted Charitable Grant | $100,000 |
| The Playing Field Madison, WI | Unrestricted Charitable Grant | $100,000 |
| Access Community Health Centers Madison, WI | Unrestricted Charitable Grant | $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 |
|---|---|---|---|---|---|---|---|---|
| 2024 | $9,261,123 | $469,448 | $333,335 | $250,000 | 3 | $278,000 | $424,113 | $610,094 |
| 2023 | $9,099,146 | $1,232,807 | $878,542 | $806,045 | 9 | $835,045 | $688,831 | $554,109 |
| 2022 | $9,093,707 | $68,460 | $767,582 | $694,080 | 8 | $721,478 | $195,146 | $566,290 |
| 2021 | $9,771,294 | $506,093 | $554,054 | $459,000 | 12 | $487,000 | $452,880 | $628,120 |
| 2020 | $9,840,499 | $1,568,343 | $555,807 | $467,400 | 10 | — | $1,308,906 | $501,724 |
Under IRS private-foundation payout rules, Caritas Foundation reported a distributable amount of $610K for 2024 — the minimum it must pay out in qualifying distributions.
Leadership & Key People
Officers and directors from IRS filings
Caritas Foundation is led by Hamang B. Patel, Executive Director & Secretary on every filing since 2020; 5 of 7 officers listed in 2024 are compensated.
Officers on the 2024 filing
Hamang B. Patel
Executive Director & Secretary
On filings since 2020
5 hrs/week
$24K (2020) → $24K (2024)
Frederick P. Schwartz
President & Director
On filings since 2020
1 hr/week
No compensation reported
David Kruger
Director
On filings since 2020
1 hr/week
$1K (2020) → $1K (2024)
Joseph M. Schwartz
Director
On filings since 2020
1 hr/week
$1K (2020) → $1K (2024)
Sarah A. Kuemmel
Director
On filings since 2020
1 hr/week
$1K (2020) → $1K (2024)
Katherine Eby
Director
On filings since 2021
1 hr/week
$1K (2021) → $1K (2024)
Deborah A. Schwartz
Vice President & Director
On filings since 2020
1 hr/week
No compensation reported
Former officers (1)
- Former: Katherine T. Schwartz (2020) — Director
Data from IRS Form 990 filings, 2020–2024. "On filings since" is the earliest filing we hold that lists the person; hours are average hours per week as reported.
Compensation Overview
From 2024 IRS filing
The highest reported compensation on the 2024 filing was $24K, to Hamang B Patel (Exec. Director, Secretary,). 5 officers or directors reported compensation on that filing.
Frequently asked questions about Caritas Foundation
How much does Caritas Foundation give each year?
Caritas Foundation gave $250K across 3 grants in 2024, according to its 2024 IRS Form 990-PF. In 2023 it gave $806K across 9 grants.
What is Caritas Foundation's typical grant size?
Caritas Foundation's median grant in 2024 was $100,000, and its average grant was $83,333, across 3 grants on its 2024 IRS Form 990-PF.
Where does Caritas Foundation give grants?
Caritas Foundation gives mostly in Wisconsin: 100% of the grant dollars itemized on its 2024 IRS Form 990-PF went to recipients there. The most frequent recipient cities were Madison, WI (3 grants).
Does Caritas Foundation give general operating support?
Yes: 100% of Caritas Foundation's 2024 grants with a stated purpose (3 of 3) were for general or operating support, per its 2024 IRS Form 990-PF.
How large is Caritas Foundation?
Caritas Foundation reported $9.3M in total assets on its 2024 IRS Form 990-PF. It paid out $278K in qualifying distributions that year, against a required minimum of $610K (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 Caritas Foundation's EIN?
Caritas Foundation's EIN (Employer Identification Number) is 41-6487728. IRS Form 990 filing data is available on this page for 2020–2024.
Data last updated October 2026. Sourced from IRS Form 990-PF filings.
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 November 9, 2021)
- Updated Form 990-PF for fiscal year 2021 (received by the IRS November 14, 2022)
- Updated Form 990-PF for fiscal year 2022 (received by the IRS November 9, 2023)
- Updated Form 990-PF for fiscal year 2023 (received by the IRS October 1, 2024)
- Updated Form 990-PF for fiscal year 2024 (received by the IRS October 13, 2025)
- IRS filings on file for fiscal years 2020–2024
Live grants for the work Caritas Foundation funds
Philanthropy, Voluntarism & Grantmaking Open opportunities, soonest deadline first.
- Nixa Affiliate Grantmaking Program Up to US $10,000 · Due October 19, 2026
- Community and School Grants $28,000 total pool; 10-15 grants expected · Due October 19, 2026
- Mary Pinola/Crescenta Valley Chamber Education Fund $500 - $5,000 for ongoing programs; up to $15,000 for Strategic Initiative Grants · Due October 19, 2026
Explore Open Grants
Browse active grant opportunities in Caritas Foundation's focus areas in our free grants database
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