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.
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.
About Carol Best Foundation Inc
Based on IRS filings
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.
Focus Areas
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Geographic Focus
Where this funder awards grants
Grant Distribution by State
States
Cities
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 | — |
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
Among its reported 2024 grants, the largest include Best Family Foundation ($24,682), One Mind ($12,500), Frameworks of Tampa Bay Inc ($5,000).
| Recipient | Purpose | Amount |
|---|---|---|
| FRAMEWORKS OF TAMPA BAY INC TAMPA, FL | GENERAL OPERATIONS | $5,000 |
| ONE MIND RUTHERFORD, CA | GENERAL OPERATIONS | $12,500 |
| BEST FAMILY FOUNDATION TAMPA, FL | GENERAL OPERATIONS | $24,682 |
Leadership & Key People
Officers and directors from IRS filings
Compensation Overview
From 2024 IRS filing
From 2024 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| THILO D BEST | PRESIDENT/DIRECTOR | 1 | — |
| ELIZABETH A BEST | DIRECTOR | 1 | — |
| DIANA B AYERS | DIRECTOR | 1 | — |
Subject Areas
Focus areas based on grantmaking activity
Frequently Asked Questions
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.
How large is Carol Best Foundation Inc?
As of 2024, Carol Best Foundation Inc holds $1.6M in total assets with $188K in annual revenue. It awarded 3 grants totaling $42K in 2024.
Where does Carol Best Foundation Inc operate?
Carol Best Foundation Inc has awarded grants in California, Florida.
What size grants does Carol Best Foundation Inc award?
In 2024, Carol Best Foundation Inc awarded 3 grants totaling $42K — an average of about $14K per grant, based on its IRS Form 990 filings.
How much is Carol Best Foundation Inc required to give away each year?
Private foundations must generally distribute about 5% of their assets annually. For 2024, Carol Best Foundation Inc reported a distributable amount of $65K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.
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.
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Data last updated April 2026. Sourced from IRS Form 990-PF filings.
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