Carol Best Foundation Inc
Carol Best Foundation Inc is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in Tampa, FL. IRS filing data is available from 2022 through 2024. As of 2024, the organization holds $1.6M in total assets. In 2024, it awarded 3 grants totaling $42K. Net investment income was $79K.
Key facts about Carol Best Foundation Inc
In short: Carol Best Foundation Inc gave $42K across 3 grants in 2024 (avg $14K), mostly in Florida. Source: 2024 IRS Form 990-PF.
- EIN
- 88-4304442
- Latest 990 filing
- Form 990-PF, 2024
- Annual giving (2024)
- $42,182
- Grants made (2024)
- 3
- Average grant
- $14,061
- Median grant
- $12,500
- Total assets
- $1,644,059
- Primary geography
- Florida (70% of itemized 2024 grant dollars)
Data from IRS Form 990-PF, 2024; updated September 2026.
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$1.6M
+6.9% YoY
Annual Giving
$42K
Grant Count
3
Avg Grant Size
$14K
Under IRS private-foundation payout rules, Carol Best Foundation Inc reported a distributable amount of $65K for 2024 — the minimum it must pay out in qualifying distributions.
How Carol Best Foundation Inc gives
- In 2024 it paid out 84% of its IRS minimum distribution (the 5% rule). Foundations have until the end of the next year to meet it. Method
From the foundation's IRS Form 990-PF filings. Methodology.
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Geographic Focus
Where this funder awards grants
Grant Distribution by State
Share of all 3 itemized 2024 grant dollars.
States
Cities
Giving Over Time
Total grant dollars and number of grants per year
Grant Insights
How this funder distributes its grants
Top Recipients
Top 3 recipients in 2024
Grant Size Distribution
3 grants across all recorded years
Giving History
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| BEST FAMILY FOUNDATION Tampa, FL | GENERAL OPERATIONS | $24,682 |
| ONE MIND Rutherford, CA | GENERAL OPERATIONS | $12,500 |
| FRAMEWORKS OF TAMPA BAY INC Tampa, FL | GENERAL OPERATIONS | $5,000 |
Financial History
Multi-year comparison from IRS filings
| Metric | 2024 | 2023 | 2022 |
|---|---|---|---|
| Total Assets | $1,644,059 | $1,537,511 | $835,004 |
| Revenue | $187,933 | $1,142,628 | $1,260,677 |
| Expenses | $70,930 | $11,940 | $214 |
| Qualifying Distributions | $54,998 | — | — |
| Net Investment Income | $78,614 | $465,728 | $430,922 |
| Distributable Amount | $65,327 | $37,182 | — |
Data update history
When this profile's IRS filing data changed on Grantable
- IRS filings on file for fiscal years 2022–2024
Leadership & Key People
Officers and directors from IRS filings
Carol Best Foundation Inc is led by Thilo D. Best, President & Director on every filing since 2022; none of the 3 officers listed in 2024 report compensation.
Officers on the 2024 filing
Thilo D. Best
President & Director
On filings since 2022
1 hr/week
No compensation reported
Diana B. Ayers
Director
On filings since 2022
1 hr/week
No compensation reported
Elizabeth A. Best
Director
On filings since 2022
1 hr/week
No compensation reported
Data from IRS Form 990 filings, 2022–2024. "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 Carol Best Foundation Inc
How much does Carol Best Foundation Inc give each year?
Carol Best Foundation Inc gave $42K across 3 grants in 2024, according to its 2024 IRS Form 990-PF.
What is Carol Best Foundation Inc's typical grant size?
Carol Best Foundation Inc's median grant in 2024 was $12,500, and its average grant was $14,061, across 3 grants on its 2024 IRS Form 990-PF.
Where does Carol Best Foundation Inc give grants?
Carol Best Foundation Inc gives mostly in Florida: 70% of the grant dollars itemized on its 2024 IRS Form 990-PF went to recipients there. The next largest state was California (30%). The most frequent recipient cities were Tampa, FL (2 grants).
Does Carol Best Foundation Inc give general operating support?
Yes: 100% of Carol Best Foundation Inc's 2024 grants with a stated purpose (3 of 3) were for general or operating support, per its 2024 IRS Form 990-PF.
How large is Carol Best Foundation Inc?
Carol Best Foundation Inc reported $1.6M in total assets on its 2024 IRS Form 990-PF. It paid out $55K in qualifying distributions that year, against a required minimum of $65K (roughly 5% of its investment assets).
What is Carol Best Foundation Inc?
Carol Best Foundation Inc is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in Tampa, FL. It holds $1.6M in total assets as of 2024.
What is Carol Best Foundation Inc's EIN?
Carol Best Foundation Inc's EIN (Employer Identification Number) is 88-4304442. IRS Form 990 filing data is available on this page for 2022–2024.
Data last updated September 2026. Sourced from IRS Form 990-PF filings.
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