Carol Best Foundation Inc

Foundation · Grantmaker Tampa, FL EIN: 88-4304442

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

2states

Share of all 3 itemized 2024 grant dollars.

Cities

TampaRutherford

Giving Over Time

Total grant dollars and number of grants per year

$0$20K$40K$60K0 grants20220 grants20233 grants2024

Grant Insights

How this funder distributes its grants

Top Recipients

Top 3 recipients in 2024

Best Family Foundation: $25KBest Family Foundation$25KOne Mind: $13KOne Mind$13KFrameworks of Tampa Bay Inc: $5KFrameworks of Tampa Bay Inc$5K

Grant Size Distribution

3 grants across all recorded years

3<$50K$50–100K$100–250K$250–500K$500K–1M$1–5M$5M+

Giving History

Grant recipients and amounts by year

RecipientPurposeAmount
BEST FAMILY FOUNDATION Tampa, FLGENERAL OPERATIONS$24,682
ONE MIND Rutherford, CAGENERAL OPERATIONS$12,500
FRAMEWORKS OF TAMPA BAY INC Tampa, FLGENERAL OPERATIONS$5,000

Financial History

Multi-year comparison from IRS filings

Revenue
Expenses
Qualifying Distributions
Net Investment Income
$0$500K$1M$1.5M202220232024
Metric202420232022
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

  1. 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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