Carmine & Percival Foundation
Carmine & Percival Foundation is a private foundation, based in Chicago, IL. IRS filing data is available from 2019 through 2025. As of 2025, the organization holds $637K in total assets. In 2025, it awarded 1 grant totaling $185K. Net investment income was $70K.
Carmine & Percival Foundation at a glance
In short: Carmine & Percival Foundation gave $185K across 1 grant in 2025 (avg $185K), mostly in District of Columbia. Source: 2025 IRS Form 990-PF.
- Annual giving (2025)
- $185,000
- +15.6% vs 2024
- Grants made (2025)
- 1
- +0.0% vs 2024
- Average grant
- $185,000
- +15.6% vs 2024
- Median grant
- $185,000
- Total assets
- $637,274
- -15.4% vs 2024
- Primary geography
- District of Columbia (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 Carmine & Percival Foundation funds
How this funder distributes its grants
Top Recipients
Top recipient in 2025
The largest 2025 recipient was Friends of Massey USA ($185K).
Grant Size Distribution
5 grants across all recorded years
The most common grant size was in the $100–250K range: 4 grants of 5 (80%).
Geographic Focus
Where this funder awards grants
Grant Distribution by State
Share of the 2025 grant dollars on its one itemized grant.
Cities
How Carmine & Percival Foundation gives
- Giving fell 40% from 2022 to 2025. Method
- In 2025 it paid out 321% 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 2019 to 2025, annual grant giving ranged from $76K (2019) to $309K (2022). In 2025 it made 1 grant totaling $185K.
Grants by year
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| Friends of Massey USA Washington, DC | All contributions are made to further the charitable goals of the recipient organization. | $185,000 |
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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 | $637,274 | $71,513 | $187,178 | $185,000 | 1 | $185,950 | $70,285 | $57,881 |
| 2024 | $752,939 | $159,900 | $162,244 | $160,000 | 1 | $160,950 | $158,606 | $62,980 |
| 2023 | $755,283 | $71,993 | $212,075 | $210,000 | 1 | $210,900 | $70,818 | $65,688 |
| 2022 | $895,365 | $98,784 | $317,934 | $309,000 | 1 | $310,650 | $96,500 | $80,008 |
| 2021 | $1,114,515 | $214,363 | $226,103 | $223,500 | 1 | $225,500 | $213,760 | $90,646 |
| 2020 | $1,126,255 | $77,292 | $135,374 | $133,000 | 2 | — | $75,718 | $89,347 |
| 2019 | $1,184,337 | $48,078 | $78,187 | $75,500 | 4 | — | $46,191 | $82,362 |
Under IRS private-foundation payout rules, Carmine & Percival Foundation reported a distributable amount of $58K for 2025 — the minimum it must pay out in qualifying distributions.
Leadership & Key People
Officers and directors from IRS filings
Carmine & Percival Foundation's 2025 filing lists 2 officers; none of the 2 officers listed in 2025 report compensation.
Officers on the 2025 filing
Alison A. Carmine
Trustee
On filings since 2019
1 hr/week
No compensation reported
Bryce Carmine
Trustee
On filings since 2019
1 hr/week
No compensation reported
Data from IRS Form 990 filings, 2019–2025. "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 Carmine & Percival Foundation
How much does Carmine & Percival Foundation give each year?
Carmine & Percival Foundation gave $185K across 1 grant in 2025, according to its 2025 IRS Form 990-PF. In 2024 it gave $160K across 1 grant.
How large is Carmine & Percival Foundation?
Carmine & Percival Foundation reported $637K in total assets on its 2025 IRS Form 990-PF. It paid out $186K in qualifying distributions that year, against a required minimum of $58K (roughly 5% of its investment assets).
Where does Carmine & Percival Foundation operate?
Carmine & Percival Foundation has awarded grants in District of Columbia, Illinois, Indiana.
What is Carmine & Percival Foundation's EIN?
Carmine & Percival Foundation's EIN (Employer Identification Number) is 47-6626090. IRS Form 990 filing data is available on this page for 2019–2025.
Data last updated September 2026. Sourced from IRS Form 990-PF filings.
Data update history
(3)
When this profile's IRS filing data changed on Grantable
- Added Form 990-PF for fiscal year 2019 (received by the IRS August 10, 2020)
- Added Form 990-PF for fiscal year 2025 (received by the IRS May 18, 2026)
- IRS filings on file for fiscal years 2020–2024
Live grants for the work Carmine & Percival Foundation funds
Philanthropy, Voluntarism & Grantmaking Open opportunities, soonest deadline first.
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