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.
Carlton Family Foundation at a glance
In short: Carlton Family Foundation gave $21K across 2 grants in 2025 (avg $11K), mostly in North Carolina. Source: 2025 IRS Form 990-PF.
- Annual giving (2025)
- $21,000
- -40.0% vs 2024
- Grants made (2025)
- 2
- +100.0% vs 2024
- Average grant
- $10,500
- -70.0% vs 2024
- Median grant
- $10,500
- Total assets
- $907,780
- +7.3% vs 2024
- Primary geography
- North Carolina (100% of itemized 2025 grant dollars)
- Latest 990 filing
- Form 990-PF, 2025 View filing
Data from IRS Form 990-PF, 2025; updated September 2026.
Who Carlton Family Foundation funds
How this funder distributes its grants
Top Recipients
Top 2 recipients in 2025
The largest 2025 recipient was NC Wesleyan College ($20K). Together the top 2 received $21K.
Grant Size Distribution
8 grants across all recorded years
The most common grant size was under $50K: 6 grants of 8 (75%).
Geographic Focus
Where this funder awards grants
Grant Distribution by State
Share of 2025 grant dollars across all 2 itemized grants.
States
Cities
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.
Giving History
Giving Over Time
Total grant dollars and number of grants per year
From 2021 to 2025, annual grant giving ranged from $21K (2025) to $138K (2022). In 2025 it made 2 grants totaling $21K.
Grants by year
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| NC Wesleyan College Rocky Mount, NC | Educational Purposes | $20,000 |
| UNC Chapel Hill Chapel Hill, NC | Educational Purposes | $1,000 |
Ready to take the next step with Carlton Family Foundation?
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 | $907,780 | $65,800 | $38,815 | $21,000 | 2 | $29,988 | $56,973 | $41,448 |
| 2024 | $846,374 | $115,688 | $49,709 | $35,000 | 1 | $42,116 | $108,095 | $36,112 |
| 2023 | $780,395 | $24,777 | $89,700 | $75,000 | 1 | $77,354 | $17,755 | $17,446 |
| 2022 | $845,318 | $69,648 | $168,783 | $137,750 | 3 | $161,518 | $57,723 | $1,001 |
| 2021 | $122,985 | $28,200 | $57,541 | $42,000 | 1 | — | $2,517 | $5,365 |
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.
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.
Data update history
(1)
When this profile's IRS filing data changed on Grantable
- IRS filings on file for fiscal years 2021–2025
Other open foundation grants in North Carolina
North Carolina Open opportunities, soonest deadline first.
Explore Open Grants
Browse active grant opportunities in Carlton Family Foundation's focus areas in our free grants database
Similar Funders
Funders with grantees in common, and similar funders in North Carolina
Keihin CST Foundation Inc
Tarboro, NC
The foundation funds scholarships, arts and music, health-related causes, and community organizations, primarily in North Carolina, with some giving in Illinois. Its 2023 grants ranged from $500 to $11,500, with a median of $1,000; it gives only to preselected organizations and does not accept unsolicited requests.
Assets
$974K
Grants
38
Total Given
$72K
Gravely Foundation Inc
Rocky Mount, NC
Assets
$888K
Grants
3
Total Given
$50K
State Employees Credit Union Foundation
Raleigh, NC
The foundation funds capital projects, regional or statewide programs, and organizational capacity building that strengthen North Carolina communities; it favors projects with broad or replicable impact and does not fund operating budgets or shortfalls. Its 2025 grants ranged from $1,250 to $1 million, with a median of $2,500. Applications are accepted at any time and typically reviewed semiannually.
Assets
$61.0M
Grants
1,806
Total Given
$17.4M
Rocky Mount Community Foundation
Rocky Mount, NC
Assets
$3.2M
Grants
9
Total Given
$240K
John M Belk Endowment
Charlotte, NC
The John M. Belk Endowment primarily supports education and career pathways, especially post-secondary opportunities for adults in North Carolina, through grants and its NC Reconnect initiative. Its 2024 grants ranged from $5,000 to $2.88 million, with a median of $5,000; most funding went to North Carolina, with some support in Indiana and Massachusetts. It accepts no unsolicited requests and funds only preselected organizations.
Assets
$379.0M
Grants
86
Total Given
$14.7M
Foundation for the Carolinas
Charlotte, NC
Foundation For The Carolinas funds education and youth development, environmental and wildlife work, health and human services, and animal welfare, with a reported median grant of $25,000 in 2024. Its competitive programs focus on Charlotte-Mecklenburg, the Carolinas, and specific local communities, while donor-advised funds may support eligible nonprofits more broadly; it accepts applications for some competitive grants, but most grants are recommended by fund advisors and have no application process.
Assets
$3.9B
Grants
1,605
Total Given
$609.1M
More similar funders
More Funders in North Carolina
The filing figures on this page are open data under CC BY 4.0. About GrantGraph Open
Figures come from Carlton Family Foundation's IRS filings (methodology). AI-written summaries, news items and logos are not covered by the open licence. Spot an error? Email hello@grantable.co.
Carlton Family Foundation down — hundreds of funders to go?