Carlton Family Foundation
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.
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.
About Carlton Family Foundation
Based on IRS filings
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.
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Geographic Focus
Where this funder awards grants
Grant Distribution by State
States
Cities
Financial History
Multi-year comparison from IRS filings
| Metric | 2025 | 2024 | 2023 |
|---|---|---|---|
| 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 |
Giving Over Time
Total grant dollars and number of grants per year
Grant Insights
How this funder distributes its grants
Top Recipients
Top 2 recipients in 2025
Grant Size Distribution
8 grants across all recorded years
Giving History
Grant recipients and amounts by year
Among its reported 2025 grants, the largest include Nc Wesleyan College ($20,000), Unc Chapel Hill ($1,000).
| Recipient | Purpose | Amount |
|---|---|---|
| NC WESLEYAN COLLEGE ROCKY MOUNT, NC | EDUCATIONAL PURPOSES | $20,000 |
| UNC CHAPEL HILL CHAPEL HILL, NC | EDUCATIONAL PURPOSES | $1,000 |
Leadership & Key People
Officers and directors from IRS filings
Compensation Overview
From 2025 IRS filing
From 2025 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| PHIL CARLTON | DIRECTOR | 2 | — |
| DEANNA DRESCHER | DIRECTOR | 1 | — |
| ELIZABETH TRATHEN | DIRECTOR | 1 | — |
Frequently Asked Questions
How large is Carlton Family Foundation?
As of 2025, Carlton Family Foundation holds $908K in total assets with $66K in annual revenue. It awarded 2 grants totaling $21K in 2025.
Where does Carlton Family Foundation operate?
Carlton Family Foundation has awarded grants in North Carolina.
What size grants does Carlton Family Foundation award?
In 2025, Carlton Family Foundation awarded 2 grants totaling $21K — an average of about $11K per grant, based on its IRS Form 990 filings.
How much is Carlton Family Foundation required to give away each year?
Private foundations must generally distribute about 5% of their assets annually. For 2025, Carlton Family Foundation reported a distributable amount of $41K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.
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.
Explore Open Grants
Browse active grant opportunities in Carlton Family Foundation's focus areas in our free grants database
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Data last updated April 2026. Sourced from IRS Form 990-PF filings.
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