Carl and Carol Acebes Family Foundation
Carl and Carol Acebes Family Foundation is a private foundation, based in Providence, RI. IRS filing data is available from 2021 through 2025. As of 2025, the organization holds $4.3M in total assets. In 2025, it awarded 1 grant totaling $240K. Net investment income was $123K.
Carl and Carol Acebes Family Foundation at a glance
In short: Carl and Carol Acebes Family Foundation gave $240K across 1 grant in 2025 (avg $240K), mostly in Rhode Island. Source: 2025 IRS Form 990-PF.
- Annual giving (2025)
- $240,000
- +6.7% vs 2024
- Grants made (2025)
- 1
- +0.0% vs 2024
- Average grant
- $240,000
- +6.7% vs 2024
- Median grant
- $240,000
- Total assets
- $4,342,013
- +3.8% vs 2024
- Primary geography
- Rhode Island (100% of itemized 2025 grant dollars)
- Latest 990 filing
- Form 990-PF, 2025 View filing
Data from IRS Form 990-PF, 2025; updated October 2026.
Who Carl and Carol Acebes Family Foundation funds
How this funder distributes its grants
Top Recipients
Top recipient in 2025
The largest 2025 recipient was Vanguard Charitable DAF ($240K).
Grant Size Distribution
4 grants across all recorded years
The most common grant size was in the $100–250K range: 2 grants of 4 (50%).
Geographic Focus
Where this funder awards grants
Grant Distribution by State
Share of the 2025 grant dollars on its one itemized grant.
States
Cities
How Carl and Carol Acebes Family Foundation gives
- Giving grew 1400% from 2022 to 2025. Method
- In 2025 it paid out 114% of its IRS minimum distribution (the 5% rule). 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 2022 to 2025, annual grant giving ranged from $16K (2022) to $400K (2023). In 2025 it made 1 grant totaling $240K.
Grants by year
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| Vanguard Charitable DAF Warwick, RI | Donor Advised Fund | $240,000 |
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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 |
|---|---|---|---|---|---|---|---|---|
| 2025 | $4,342,013 | $160,857 | $277,467 | $240,000 | 1 | $240,000 | $123,390 | $211,333 |
| 2024 | $4,181,581 | $153,605 | $235,500 | $225,000 | 1 | $225,000 | $143,105 | $197,890 |
| 2023 | $3,935,337 | $165,905 | $411,494 | $400,000 | 1 | $400,000 | $154,411 | $186,964 |
| 2022 | $3,944,256 | $60,865 | $22,349 | $16,001 | 1 | $16,001 | $54,517 | $192,416 |
| 2021 | $3,900,387 | $3,900,387 | — | — | — | — | $387 | $16,001 |
Under IRS private-foundation payout rules, Carl and Carol Acebes Family Foundation reported a distributable amount of $211K for 2025 — the minimum it must pay out in qualifying distributions.
Leadership & Key People
Officers and directors from IRS filings
Carl and Carol Acebes Family Foundation is led by Carl Acebes, President on every filing since 2021; 1 of 5 officers listed in 2025 is compensated.
Officers on the 2025 filing
Carl Acebes
President
On filings since 2021
No compensation reported
Gail Acebes
Director
On filings since 2021
$35K (2025)
Calyn Acebes
Vice President
On filings since 2021
No compensation reported
Carol Acebes
Secretary
On filings since 2021
No compensation reported
Rowan Acebes
Treasurer
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.
Compensation Overview
From 2025 IRS filing
The highest reported compensation on the 2025 filing was $35K, to Gail Acebes (Director).
Frequently asked questions about Carl and Carol Acebes Family Foundation
How much does Carl and Carol Acebes Family Foundation give each year?
Carl and Carol Acebes Family Foundation gave $240K across 1 grant in 2025, according to its 2025 IRS Form 990-PF. In 2024 it gave $225K across 1 grant.
How large is Carl and Carol Acebes Family Foundation?
Carl and Carol Acebes Family Foundation reported $4.3M in total assets on its 2025 IRS Form 990-PF. It paid out $240K in qualifying distributions that year, against a required minimum of $211K (roughly 5% of its investment assets).
Where does Carl and Carol Acebes Family Foundation operate?
Carl and Carol Acebes Family Foundation has awarded grants in Rhode Island.
What is Carl and Carol Acebes Family Foundation's EIN?
Carl and Carol Acebes Family Foundation's EIN (Employer Identification Number) is 87-3728345. IRS Form 990 filing data is available on this page for 2021–2025.
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 2021 (received by the IRS February 21, 2023)
- Updated Form 990-PF for fiscal year 2022 (received by the IRS May 15, 2023)
- Updated Form 990-PF for fiscal year 2023 (received by the IRS May 15, 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 14, 2026)
- IRS filings on file for fiscal years 2021–2024
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