Carnelian Trust
Carnelian Trust is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in Pasadena, CA. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $2.6M in total assets. In 2024, it made $100K in qualifying distributions. Net investment income was $27K.
Key facts about Carnelian Trust
- EIN
- 20-7159141
- Latest 990 filing
- Form 990-PF, 2024
- Total assets
- $2,574,909
Data from IRS Form 990-PF, 2024; updated September 2026. New grantees are estimated by matching recipient names across years (methodology).
Is Carnelian Trust open to new grantees?
15%
first-time grantees, 2022
In 2022, 4 of 27 grantees (15%) were first-time recipients. First grants averaged $5K; repeat grants $3K. How we count
Medians: $750 first-time, $1K repeat.
- 85% of 2022 grantees were also funded in 2021. Method
- In 2024 it paid out 93% of its IRS minimum distribution (the 5% rule). Foundations have until the end of the next year to meet it. Method
Estimate from itemized IRS Form 990-PF grant lists (2020–2022). Recipient names are matched across years, so a renamed or misspelled grantee can look new; grants to individuals are left out. Methodology.
Next steps with Carnelian Trust
- How to evaluate Carnelian Trust as a funder
Our grant prospecting guide: read the 990-PF, check fit, and decide whether to apply.
- Draft an LOI to Carnelian Trust with AI
AI grant writing that drafts from your organization’s own materials, in your voice.
- Track this opportunity in a free grant tracker
A free Google Sheets or Excel template for deadlines, award terms, and reports due.
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$2.6M
+34.7% YoY
Revenue
$15K
+60.3% YoY
Qualifying Distributions
$100K
-38.0% YoY
Expenses
$615
Under IRS private-foundation payout rules, Carnelian Trust reported a distributable amount of $107K for 2024 — the minimum it must pay out in qualifying distributions.
About Carnelian Trust
Based on IRS filings
Carnelian Trust is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in Pasadena, CA. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $2.6M in total assets. In 2024, it made $100K in qualifying distributions. Net investment income was $27K.
Focus Areas
Ready to take the next step with Carnelian Trust?
Geographic Focus
Where this funder awards grants
Grant Distribution by State
Cities
Financial History
Multi-year comparison from IRS filings
| Metric | 2024 | 2023 | 2022 |
|---|---|---|---|
| Total Assets | $2,574,909 | $1,911,967 | $1,546,481 |
| Revenue | $15,248 | $9,511 | $19,163 |
| Expenses | $615 | — | $94,945 |
| Qualifying Distributions | $99,600 | $160,715 | $114,945 |
| Net Investment Income | $27,214 | $22,941 | $31,310 |
| Distributable Amount | $106,910 | $81,644 | $92,142 |
Data update history
When this profile's IRS filing data changed on Grantable
- IRS filings on file for fiscal years 2020–2024
Giving Over Time
Total grant dollars and number of grants per year
Grant Insights
How this funder distributes its grants
Top Recipients
Top 0 recipients in 2024
Grant Size Distribution
74 grants across all recorded years
Giving History
Grant recipients and amounts by year
No grants recorded for 2024.
Leadership & Key People
Officers and directors from IRS filings
Compensation Overview
No officer or director reported compensation in the available filings.
From 2024 IRS filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| Elisabeth Richter | Trustee | 8 | — |
Subject Areas
Focus areas based on grantmaking activity
Frequently Asked Questions
What is Carnelian Trust?
Carnelian Trust is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in Pasadena, CA. It holds $2.6M in total assets as of 2024.
How large is Carnelian Trust?
As of 2024, Carnelian Trust holds $2.6M in total assets with $15K in annual revenue.
Where does Carnelian Trust operate?
Carnelian Trust has awarded grants in California, Connecticut, District of Columbia, Illinois, Minnesota, New York, Pennsylvania.
How much is Carnelian Trust required to give away each year?
Private foundations must generally distribute about 5% of their assets annually. For 2024, Carnelian Trust reported a distributable amount of $107K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.
What is Carnelian Trust's EIN?
Carnelian Trust's EIN (Employer Identification Number) is 20-7159141. IRS Form 990 filing data is available on this page for 2020–2024.
Explore Open Grants
Browse active grant opportunities in Carnelian Trust's focus areas in our free grants database
Similar Funders
Funders that support many of the same organizations
California Community Foundation
Los Angeles, CA
Assets
$2.3B
Grants
2,174
Total Given
$326.6M
Conrad N Hilton Foundation
Westlake Village, CA
Assets
$7.4B
Grants
1,339
Total Given
$287.7M
The Robert Wood Johnson Foundation
Princeton, NJ
Assets
$13.4B
Grants
3,093
Total Given
$622.6M
Silicon Valley Community Foundation
Mountain View, CA
Assets
$12.3B
Grants
3,576
Total Given
$3.2B
Tides Foundation
San Francisco, CA
Assets
$534.5M
Grants
2,110
Total Given
$382.1M
The William & Flora Hewlett Foundation
Menlo Park, CA
Assets
$14.2B
Grants
2,001
Total Given
$625.0M
Marin Community Foundation
Novato, CA
Assets
$1.3B
Grants
1,573
Total Given
$186.1M
Sempra Foundation
San Diego, CA
Assets
$11.5M
Grants
1,501
Total Given
$1.8M
Chamberlin Education Foundation
Richmond, CA
Assets
$80.6M
Grants
1,302
Total Given
$3.0M
The San Diego Foundation
San Diego, CA
Assets
$1.7B
Grants
1,158
Total Given
$94.3M
The Pfizer Foundation Inc
New York, NY
Assets
$255.3M
Grants
9,306
Total Given
$23.2M
Jpmorgan Chase Foundation
New York, NY
Assets
$1.2B
Grants
10,334
Total Given
$202.5M
More Funders in California
Data last updated September 2026. Sourced from IRS Form 990-PF filings.