Carney Foundation
The Carney Foundation is a private foundation established in 2005 and based in Clifton, Virginia. The foundation operates as a grantmaking organization focused on supporting charitable causes across multiple sectors.
Key facts about Carney Foundation
- EIN
- 20-3918245
- Latest 990 filing
- Form 990-PF, 2024
- Annual giving (2024)
- $279,332
- Grants made (2024)
- 33
- Average grant
- $8,465
- Median grant
- $5,000
- New grantees (estimate)
- 15% first-time grantees (5 of 33, 2024)
- Total assets
- $4,888,531
- Primary geography
- Virginia (56% of itemized 2024 grant dollars)
Data from IRS Form 990-PF, 2024; updated September 2026. New grantees are estimated by matching recipient names across years (methodology).
Who Carney Foundation funds
By grant dollars, the top recipient states for Carney Foundation's 33 itemized 2024 grants were Virginia (56%), Colorado (19%) and Florida (10%). The most frequent recipient cities were Fairfax, VA (6 grants), Avon Park, FL (3 grants), Clifton, VA (2 grants) and Gaithersburg, MD (2 grants). None of its 33 grants with a stated purpose were described as general or operating support. Recurring purposes include "Furtherance of Charitable Purposes" (32 grants).
Is Carney Foundation open to new grantees?
15%
first-time grantees, 2024
In 2024, 5 of 33 grantees (15%) were first-time recipients. First grants averaged $3K; repeat grants $9K. How we count
Medians: $2K first-time, $5K repeat.
- 82% of 2024 grantees were also funded in 2023. Method
- Giving held roughly steady from 2021 to 2024 (−1%). Method
- In 2024 it paid out 125% of its IRS minimum distribution (the 5% rule). Method
Estimate from itemized IRS Form 990-PF grant lists (2020–2024). 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 Carney Foundation
- How to evaluate Carney Foundation as a funder
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Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$4.9M
-3.7% YoY
Annual Giving
$279K
-27.3% YoY
Grant Count
33
+0.0% YoY
Avg Grant Size
$8K
-27.3% YoY
Under IRS private-foundation payout rules, Carney Foundation reported a distributable amount of $252K for 2024 — the minimum it must pay out in qualifying distributions.
Mission & Focus Areas
The foundation's primary funding interests include:
- Education
- Philanthropy, Voluntarism & Grantmaking
- Human Services
- Children and youth services
- Youth development programs
Grantmaking
Ready to take the next step with Carney Foundation?
Geographic Focus
Where this funder awards grants
The foundation primarily funds organizations in:
- Virginia
- Florida
- Pennsylvania
Grant Distribution by State
Share of all 33 itemized 2024 grant dollars.
States
Cities
Financial History
Multi-year comparison from IRS filings
Total Assets: $4,888,531
Total Annual Giving: $279,332
| Metric | 2024 | 2023 | 2022 |
|---|---|---|---|
| Total Assets | $4,888,531 | $5,074,925 | $5,358,842 |
| Revenue | $190,625 | $195,686 | $387,512 |
| Expenses | $377,019 | $479,603 | $397,154 |
| Qualifying Distributions | $314,732 | $418,860 | $301,780 |
| Net Investment Income | $190,625 | $195,686 | $342,345 |
| Distributable Amount | $252,082 | $207,143 | $290,915 |
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 10 recipients in 2024
Grant Size Distribution
158 grants across all recorded years
Giving History
Grant recipients and amounts by year
Among its reported 2024 grants, the largest recipients include Young Life ($52,000), Southwest Youth Association ($45,000), Scholarships for Trailblazers ($25,000).
| Recipient | Purpose | Amount |
|---|---|---|
| YOUNG LIFE Colorado Springs, CO | FURTHERANCE OF CHARITABLE PURPOSES | $52,000 |
| SOUTHWEST YOUTH ASSOCIATION Centreville, VA | FURTHERANCE OF CHARITABLE PURPOSES | $45,000 |
| SCHOLARSHIPS FOR TRAILBLAZERS Centerville, VA | FURTHERANCE OF CHARITABLE PURPOSES | $25,000 |
| OPERATION RENEWED HOPE FOUNDATION Alexandria, VA | FURTHERANCE OF CHARITABLE PURPOSES | $15,000 |
| PAUL VI CATHOLIC HIGH SCHOOL Fairfax, VA | FURTHERANCE OF CHARITABLE PURPOSES | $12,000 |
| ALL IN FOR MILLER Evans, GA | FURTHERANCE OF CHARITABLE PURPOSES | $10,000 |
| CENTERVILLE HS WILDCAT ATHLETIC BOOSTERS Clifton, VA | FURTHERANCE OF CHARITABLE PURPOSES | $10,000 |
| CHRISTIAN CAMPS OF PITTSBURGH INC Boswell, PA | FURTHERANCE OF CHARITABLE PURPOSES | $10,000 |
| SOUTH FLORIDA STATE COLLEGE FOUNDATION INC Avon Park, FL | FURTHERANCE OF CHARITABLE PURPOSES | $10,000 |
| TEEN CHALLENGE NORTH CENTRAL VIRGINIA INC Fredricksburg, VA | FURTHERANCE OF CHARITABLE PURPOSES | $10,000 |
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 |
|---|---|---|---|
| William J McMenamin | President | 1 | — |
| Doug Carneal | Secretary | 1 | — |
| Joseph Garland | Vice President | 1 | — |
| David Farrell | Treasurer | 1 | — |
| Michael McMenamin | Vice President | 1 | — |
Contact Information
Location: 13309 Caswell Court, Clifton, VA 20124-0973
Telephone: 703-256-5264
EIN: 20-3918245
Subject Areas
Focus areas based on grantmaking activity
Frequently Asked Questions
What does Carney Foundation fund?
The foundation's primary funding interests include: • Education • Philanthropy, Voluntarism & Grantmaking • Human Services • Children and youth services • Youth development programs
How do I apply for a grant from Carney Foundation?
**Grant Amounts:** Typical awards range from $1,000 to $157,500. **Recent Activity:** The foundation has demonstrated active grantmaking, including support to the Fairfax Rotary Education Foundation, to which it made grants of $1,000 in 2024 for the furtherance of charitable purposes.
Where does Carney Foundation make grants?
The foundation primarily funds organizations in: • Virginia • Florida • Pennsylvania
What size grants does Carney Foundation award?
In 2024, Carney Foundation awarded 33 grants totaling $279K — an average of about $8K per grant, based on its IRS Form 990 filings.
How much is Carney Foundation required to give away each year?
Private foundations must generally distribute about 5% of their assets annually. For 2024, Carney Foundation reported a distributable amount of $252K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.
What is Carney Foundation's EIN?
Carney Foundation's EIN (Employer Identification Number) is 20-3918245. IRS Form 990 filing data is available on this page for 2020–2024.
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Data last updated September 2026. Sourced from IRS Form 990-PF filings. Research dossier generated April 2026.