Carol and Witt Stephens Charitable Foundation is a private foundation based in Little Rock, Arkansas. Established in 2001, it operates as a 501(c)(3) organization designated for charitable, educational, and human services purposes.
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$2.2M
-10.6% YoY
Annual Giving
$339K
-69.0% YoY
Grant Count
10
-41.2% YoY
Avg Grant Size
$34K
-47.3% YoY
Under IRS private-foundation payout rules, Carol and Witt Stephens Charitable Foundation reported a distributable amount of $208K for 2024 — the minimum it must pay out in qualifying distributions.
Mission & Focus Areas
The foundation gives primarily to a children's hospital, as well as for education and human services. Grant-making focuses on Education, Philanthropy, Voluntarism & Grantmaking, and Human Services, with primary geographic concentration in Arkansas, Virginia, and Florida.
Grantmaking
The foundation does not accept unsolicited applications and operates on an invite-only basis.
Grant Range
$1,000 - $660,000
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Geographic Focus
Where this funder awards grants
Primary funding areas include Arkansas, Virginia, and Florida.
Grant Distribution by State
Cities
Financial History
Multi-year comparison from IRS filings
As of 2023:
- Total assets: $2,407,411
- Total giving: $1,092,725
- Total liabilities: $0
- Revenue: $138,000
The foundation has maintained consistent financial activity since its establishment, with Form 990 tax filings available from 2011 forward.
| Metric | 2024 | 2023 | 2022 |
|---|---|---|---|
| Total Assets | $2,152,142 | $2,407,411 | $3,367,222 |
| Revenue | $91,736 | $138,278 | $74,347 |
| Expenses | $345,449 | $1,097,644 | $1,896,456 |
| Qualifying Distributions | $338,515 | $1,092,725 | $1,845,495 |
| Net Investment Income | $91,736 | $138,278 | $74,304 |
| Distributable Amount | $208,089 | $219,741 | $266,230 |
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
82 grants across all recorded years
Giving History
Grant recipients and amounts by year
Among its reported 2024 grants, the largest include Arkansas Museum of Fine Arts Foundation ($200,000), Salem First Baptist Church ($50,000), Tall Timbers Foundation ($37,915).
| Recipient | Purpose | Amount |
|---|---|---|
| TALL TIMBERS FOUNDATION TALLAHASSEE, FL | ALBANY QUAIL ENDOWMENT & STODDARD BIRD LAB ENDOWMENT | $37,915 |
| DELTA WATERFOWL FOUNDATION BISMARCK, ND | PREDATOR MANAGEMENT PROGRAM | $1,100 |
| NEW LIFE CHURCH CONWAY, AR | GENERAL FUND | $12,000 |
| SCULPTURE AT THE RIVERMARKET LITTLE ROCK, AR | GENERAL FUND | $5,000 |
| ARKANSAS MUSEUM OF FINE ARTS FOUNDATION LITTLE ROCK, AR | GENERAL FUND | $200,000 |
| ARKANSAS SINGLE PARENT SCHOLARSHIP FUND SPRINGDALE, AR | LUNCH BREAK GOLD SPONSOR | $10,000 |
| USET FOUNDATION GLADSTONE, NJ | GENERAL FUND | $20,000 |
| SALEM FIRST BAPTIST CHURCH SALEM, AR | GENERAL FUND | $50,000 |
| CHILDREN'S TUMOR FOUNDATION LITTLE ROCK, AR | DANCING WITH OUR STARS | $1,500 |
| ARKANSAS FOOD BANK LITTLE ROCK, AR | IN HONOR OF JINCIE WILLIAMS | $1,000 |
Leadership & Key People
Leadership team and compensation from IRS filings
Christopher E. Kauffman serves as Treasurer. W.R. Stephens Jr. is listed as a Trustee.
Compensation Overview
From 2024 IRS filing
From 2024 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| WR STEPHENS JR | Trustee | — | — |
Subject Areas
Focus areas based on grantmaking activity
Frequently Asked Questions
What does Carol and Witt Stephens Charitable Foundation fund?
The foundation gives primarily to a children's hospital, as well as for education and human services. Grant-making focuses on Education, Philanthropy, Voluntarism & Grantmaking, and Human Services, with primary geographic concentration in Arkansas, Virginia, and Florida.
How do I apply for a grant from Carol and Witt Stephens Charitable Foundation?
The foundation does not accept unsolicited applications and operates on an invite-only basis. **Grant Activity (2023):** • Total giving: $1,092,725 • Number of grants: 17 • Median grant: $10,000 • Grant range: $1,000 - $660,000 • Giving rate: 45.4% of assets Recent grants include $20,000 to Arkansas Symphony Orchestra Society Guild for the Stella Boyle Smith Music Center (2023).
Where does Carol and Witt Stephens Charitable Foundation make grants?
Primary funding areas include Arkansas, Virginia, and Florida.
What size grants does Carol and Witt Stephens Charitable Foundation award?
In 2024, Carol and Witt Stephens Charitable Foundation awarded 10 grants totaling $339K — an average of about $34K per grant, based on its IRS Form 990 filings.
How much is Carol and Witt Stephens Charitable Foundation required to give away each year?
Private foundations must generally distribute about 5% of their assets annually. For 2024, Carol and Witt Stephens Charitable Foundation reported a distributable amount of $208K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.
What is Carol and Witt Stephens Charitable Foundation's EIN?
Carol and Witt Stephens Charitable Foundation's EIN (Employer Identification Number) is 31-1740109. IRS Form 990 filing data is available on this page for 2020–2024.
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Data last updated June 2026. Sourced from IRS Form 990-PF filings. Research dossier generated April 2026.
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