Carol Foundation
Carol Foundation is a private foundation, based in Dayton, MD. IRS filing data is available from 2024 through 2025. As of 2025, the organization holds $1.4M in total assets. In 2025, it awarded 2 grants totaling $3K. Net investment income was $15K.
Carol Foundation at a glance
In short: Carol Foundation gave $3K across 2 grants in 2025 (avg $2K), mostly in Maryland. Source: 2025 IRS Form 990-PF.
- Annual giving (2025)
- $3,000
- Grants made (2025)
- 2
- Average grant
- $1,500
- Median grant
- $1,500
- Total assets
- $1,355,876
- +261.6% vs 2024
- Primary geography
- Maryland (100% of itemized 2025 grant dollars)
- Latest 990 filing
- Form 990-PF, 2025 View filing
Data from IRS Form 990-PF, 2025; updated September 2026.
Who Carol Foundation funds
How this funder distributes its grants
Top Recipients
Top 2 recipients in 2025
The largest 2025 recipient was St Pius X Regional School ($2K). Together the top 2 received $3K.
Grant Size Distribution
2 grants across all recorded years
The most common grant size was under $50K: 2 grants of 2 (100%).
Geographic Focus
Where this funder awards grants
Grant Distribution by State
Share of 2025 grant dollars across all 2 itemized grants.
States
Cities
Giving History
Giving Over Time
Total grant dollars and number of grants per year
In 2025 it made 2 grants totaling $3K.
Grants by year
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| St Pius X Regional School Bowie, MD | St. Pius Education Donation | $2,000 |
| Saint Agnes Hospital Baltimore, MD | Ascension Saint Agnes Hospital; Cancer Institute Donation | $1,000 |
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Financial History
Multi-year comparison from IRS filings
| Filing year | Total Assets | Revenue | Expenses | Grants paid | Grants | Qualifying Distributions | Net Investment Income |
|---|---|---|---|---|---|---|---|
| 2025 | $1,355,876 | $1,019,666 | $40,592 | $3,000 | 2 | $23,442 | $15,266 |
| 2024 | $374,923 | $375,000 | $77 | — | — | $77 | — |
Leadership & Key People
Officers and directors from IRS filings
Carol Foundation is led by Rachel Roberts-Jones, Co-President on the 2025 filing; 2 of 4 officers listed in 2025 are compensated.
Officers on the 2025 filing
Rachel Roberts-Jones
Co-President
New on the 2025 filing
2.5 hrs/week
No compensation reported
Tesia Jones
Program Director Secretary
Program Director → Program Director Secretary, 2025
On filings since 2024
10 hrs/week
$11K (2025)
Christopher Jones
Co-President Treasurer
Co-President → Co-President Treasurer, 2025
On filings since 2024
2.5 hrs/week
$7K (2025)
Antonio Thomas
Board Member
New on the 2025 filing
1 hr/week
No compensation reported
Former officers (1)
- Former: Rachel Roberts Jones (2024) — Co-President
Data from IRS Form 990 filings, 2024–2025. "On filings since" is the earliest filing we hold that lists the person; hours are average hours per week as reported.
Compensation Overview
From 2025 IRS filing
The highest reported compensation on the 2025 filing was $11K, to Tesia Jones (Program Director Secretary). 2 officers or directors reported compensation on that filing.
Frequently asked questions about Carol Foundation
How much does Carol Foundation give each year?
Carol Foundation gave $3K across 2 grants in 2025, according to its 2025 IRS Form 990-PF.
How large is Carol Foundation?
Carol Foundation reported $1.4M in total assets on its 2025 IRS Form 990-PF. Its revenue that year was $1.0M.
Where does Carol Foundation operate?
Carol Foundation has awarded grants in Maryland.
What is Carol Foundation's EIN?
Carol Foundation's EIN (Employer Identification Number) is 33-2352362. IRS Form 990 filing data is available on this page for 2024–2025.
Data last updated September 2026. Sourced from IRS Form 990-PF filings.
Data update history
(2)
When this profile's IRS filing data changed on Grantable
- Added Form 990-PF for fiscal year 2025 (received by the IRS May 26, 2026)
- IRS filings on file for fiscal year 2024
Explore Open Grants
Browse active grant opportunities in Carol Foundation's focus areas in our free grants database
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