Carn Family Foundation Inc

ST PETE BEACH, FL EIN: 85-4223931

Carn Family Foundation Inc is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in ST PETE BEACH, FL. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $791K in total assets. In 2024, it awarded 1 grants totaling $75K. Net investment income was $17K.

Financial Overview

From 2024 IRS Form 990-PF · View filing

Total Assets

$791K

-6.7% YoY

Annual Giving

$75K

-7.4% YoY

Grant Count

1

-66.7% YoY

Avg Grant Size

$75K

+177.8% YoY

Under IRS private-foundation payout rules, Carn Family Foundation Inc reported a distributable amount of $47K for 2024 — the minimum it must pay out in qualifying distributions.

About Carn Family Foundation Inc

Based on IRS filings

Carn Family Foundation Inc is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in ST PETE BEACH, FL. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $791K in total assets. In 2024, it awarded 1 grants totaling $75K. Net investment income was $17K.

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Geographic Focus

Where this funder awards grants

Grant Distribution by State

3states

Cities

JacksonvilleJacksonville BeachPonte Vedra BeachRaleighSt AugustineSt PetersburgTroy

Financial History

Multi-year comparison from IRS filings

Revenue
Expenses
Qualifying Distributions
Net Investment Income
$0$196K$392K$587K$783K20202021202220232024
Metric202420232022
Total Assets$790,738$847,804$793,529
Revenue$31,467$149,709$39,977
Expenses$89,198$93,498$42,214
Qualifying Distributions$75,000$81,000$31,638
Net Investment Income$17,443$138,389$29,501
Distributable Amount$47,275$42,712$46,477

Giving Over Time

Total grant dollars and number of grants per year

$0$23K$46K$68K$91K0 grants20208 grants20212 grants20223 grants20231 grants2024

Grant Insights

How this funder distributes its grants

Top Recipients

Top 1 recipients in 2024

TROY UNIVERSITY FOUNDATION$75K

Grant Size Distribution

14 grants across all recorded years

11<$50K3$50–100K$100–250K$250–500K$500K–1M$1–5M$5M+

Giving History

Grant recipients and amounts by year

Among its reported 2024 grants, the largest include Troy University Foundation ($75,000).

RecipientPurposeAmount
TROY UNIVERSITY FOUNDATION TROY, ALPAYMENT FOR PROGRAM SERIVCES$75,000

Leadership & Key People

Officers and directors from IRS filings

Compensation Overview

From 2024 IRS filing

From 2024 filing

NameTitleHoursCompensation
STEVEN CARNPRESIDENT
KAY CARNVICE PRESIDENT

Subject Areas

Focus areas based on grantmaking activity

Frequently Asked Questions

What is Carn Family Foundation Inc?

Carn Family Foundation Inc is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in ST PETE BEACH, FL. It holds $791K in total assets as of 2024.

How large is Carn Family Foundation Inc?

As of 2024, Carn Family Foundation Inc holds $791K in total assets with $31K in annual revenue. It awarded 1 grants totaling $75K in 2024.

Where does Carn Family Foundation Inc operate?

Carn Family Foundation Inc has awarded grants in Alabama, Florida, North Carolina.

What size grants does Carn Family Foundation Inc award?

In 2024, Carn Family Foundation Inc awarded 1 grants totaling $75K — an average of about $75K per grant, based on its IRS Form 990 filings.

How much is Carn Family Foundation Inc required to give away each year?

Private foundations must generally distribute about 5% of their assets annually. For 2024, Carn Family Foundation Inc reported a distributable amount of $47K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.

What is Carn Family Foundation Inc's EIN?

Carn Family Foundation Inc's EIN (Employer Identification Number) is 85-4223931. IRS Form 990 filing data is available on this page for 2020–2024.

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Data last updated April 2026. Sourced from IRS Form 990-PF filings.

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