Carlton Family Foundation

Private foundation · Grantmaker Raleigh, NC EIN: 56-1545913

Carlton Family Foundation is a private foundation, based in Raleigh, NC. IRS filing data is available from 2021 through 2025. As of 2025, the organization holds $908K in total assets. In 2025, it awarded 2 grants totaling $21K. Net investment income was $57K.

Key facts about Carlton Family Foundation

In short: Carlton Family Foundation gave $21K across 2 grants in 2025 (avg $11K), mostly in North Carolina. Source: 2025 IRS Form 990-PF.

EIN
56-1545913
Latest 990 filing
Form 990-PF, 2025
Annual giving (2025)
$21,000
Grants made (2025)
2
Average grant
$10,500
Median grant
$10,500
Total assets
$907,780
Primary geography
North Carolina (100% 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

$908K

+7.3% YoY

Annual Giving

$21K

-40.0% YoY

Grant Count

2

+100.0% YoY

Avg Grant Size

$11K

-70.0% YoY

Under IRS private-foundation payout rules, Carlton Family Foundation reported a distributable amount of $41K for 2025 — the minimum it must pay out in qualifying distributions.

How Carlton Family Foundation gives

  • Giving fell 85% from 2022 to 2025. Method
  • In 2025 it paid out 72% 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

1state

Share of 2025 grant dollars across all 2 itemized grants.

Cities

Rocky MountResearch Triangle ParkChapel HillRaleigh

Giving Over Time

Total grant dollars and number of grants per year

$0$50K$100K$150K1 grant2021 3 grants2022 1 grant2023 1 grant2024 2 grants2025

From 2021 to 2025, annual grant giving ranged from $21K (2025) to $138K (2022). In 2025 it made 2 grants totaling $21K.

Grant Insights

How this funder distributes its grants

Top Recipients

Top 2 recipients in 2025

NC Wesleyan College: $20KNC Wesleyan College$20KUNC Chapel Hill: $1KUNC Chapel Hill$1K

The largest 2025 recipient was NC Wesleyan College ($20K). Together the top 2 received $21K.

Grant Size Distribution

8 grants across all recorded years

6<$50K2$50–100K$100–250K$250–500K$500K–1M$1–5M$5M+

The most common grant size was under $50K: 6 grants of 8 (75%).

Giving History

Grant recipients and amounts by year

RecipientPurposeAmount
NC Wesleyan College Rocky Mount, NCEducational Purposes$20,000
UNC Chapel Hill Chapel Hill, NCEducational Purposes$1,000

Financial History

Multi-year comparison from IRS filings

Revenue
Expenses
Qualifying Distributions
Net Investment Income
$0$50K$100K$150K$200K2021 2022 2023 2024 2025
Metric202520242023
Total Assets$907,780$846,374$780,395
Revenue$65,800$115,688$24,777
Expenses$38,815$49,709$89,700
Qualifying Distributions$29,988$42,116$77,354
Net Investment Income$56,973$108,095$17,755
Distributable Amount$41,448$36,112$17,446

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

Carlton Family Foundation's 2025 filing lists 3 officers; none of the 3 officers listed in 2025 report compensation.

Officers on the 2025 filing

  • Deanna Drescher

    Director

    On filings since 2021

    1 hr/week

    No compensation reported

  • Elizabeth Trathen

    Director

    On filings since 2021

    1 hr/week

    No compensation reported

  • Phil Carlton

    Director

    On filings since 2021

    2 hrs/week

    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 Carlton Family Foundation

How much does Carlton Family Foundation give each year?

Carlton Family Foundation gave $21K across 2 grants in 2025, according to its 2025 IRS Form 990-PF. In 2024 it gave $35K across 1 grant.

How large is Carlton Family Foundation?

Carlton Family Foundation reported $908K in total assets on its 2025 IRS Form 990-PF. It paid out $30K in qualifying distributions that year, against a required minimum of $41K (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.

Where does Carlton Family Foundation operate?

Carlton Family Foundation has awarded grants in North Carolina.

What is Carlton Family Foundation's EIN?

Carlton Family Foundation's EIN (Employer Identification Number) is 56-1545913. 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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