Carrera-Joffe Foundation
Carrera-Joffe Foundation is a private foundation, based in Las Vegas, NV. IRS filing data is available from 2019 through 2025. As of 2025, the organization holds $3.4M in total assets. In 2025, it awarded 6 grants totaling $436K. Net investment income was $370K.
Carrera-Joffe Foundation at a glance
In short: Carrera-Joffe Foundation gave $436K across 6 grants in 2025 (avg $73K), mostly in California. Source: 2025 IRS Form 990-PF.
- Annual giving (2025)
- $436,000
- -0.5% vs 2024
- Grants made (2025)
- 6
- -14.3% vs 2024
- Average grant
- $72,667
- +16.1% vs 2024
- Median grant
- $43,500
- Total assets
- $3,431,531
- -1.0% vs 2024
- Primary geography
- California (65% 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 Carrera-Joffe Foundation funds
How this funder distributes its grants
Top Recipients
Top 5 recipients in 2025
The largest 2025 recipient was UC San Diego Foundation ($250K). Together the top 5 received $396K.
Organizations only. It also paid 1 individual scholarship ($40,000), which are not listed by name.
Grant Size Distribution
30 grants across all recorded years
The most common grant size was under $50K: 26 grants of 30 (87%).
Geographic Focus
Where this funder awards grants
Grant Distribution by State
Share of 2025 grant dollars across all 6 itemized grants.
States
Cities
How Carrera-Joffe Foundation gives
- Giving grew 205% from 2022 to 2025. Method
- In 2025 it paid out 236% of its IRS minimum distribution (the 5% rule). Method
From the foundation's IRS Form 990-PF filings. Methodology.
Giving History
Giving Over Time
Total grant dollars and number of grants per year
From 2019 to 2025, annual grant giving ranged from $123K (2023) to $438K (2024). In 2025 it made 6 grants totaling $436K.
Grants by year
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| UC San Diego Foundation La Jolla, CA | Educational support | $250,000 |
| University of Las Vegas NV Foundati Las Vegas, NV | The UNLV Foundation is an IRS Code 501(c)(3) nonprofit organization that seeks and manages gifts to the university. It was founded in November 1981 to coordinate all private giving for UNLV. The Foundation solicits, receives, and administers gifts and financial resources from private sources for the benefit of all programs of the university. Gifts to UNLV through the Foundation each year provide scholarships, research facilities, equipment, and other enhancements that improve the quality of higher education. | $50,000 |
| Cristo Rey St Viator Las Vegas North Las Vegas, NV | Scholarships | $47,000 |
| 1 individual scholarship Recipients not named | — | $40,000 |
| Christian Brothers High School Sacramento, CA | Establishes Scholarship Programs for Children that Lack Financial Resources but have a high degree of apptitude. | $34,000 |
| The Smith Center for the performing Las Vegas, NV | From its very beginning, The Smith Center was envisioned as a world-class performing arts center that would develop and present the best and brightest in a broad range of first-rate programming and unite the residents of our community. | $15,000 |
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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 | Distributable Amount |
|---|---|---|---|---|---|---|---|---|
| 2025 | $3,431,531 | $574,711 | $460,475 | $436,000 | 6 | $436,000 | $370,496 | $184,495 |
| 2024 | $3,466,693 | $646,746 | $460,711 | $438,300 | 7 | $438,300 | $385,682 | $174,324 |
| 2023 | $3,445,365 | $325,951 | $141,326 | $122,875 | 4 | $122,875 | $308,373 | $159,125 |
| 2022 | $3,242,770 | $118,473 | $166,604 | $142,777 | 6 | $142,777 | $94,646 | $170,363 |
| 2021 | $3,290,901 | $389,661 | $222,084 | $197,500 | 7 | $197,500 | $365,077 | $186,827 |
| 2020 | $3,123,324 | $234,758 | $155,872 | $137,455 | 6 | — | $216,341 | $163,597 |
| 2019 | $3,038,158 | $149,484 | $222,448 | $202,860 | 6 | — | $129,896 | $159,886 |
Under IRS private-foundation payout rules, Carrera-Joffe Foundation reported a distributable amount of $184K for 2025 — the minimum it must pay out in qualifying distributions.
Leadership & Key People
Officers and directors from IRS filings
Carrera-Joffe Foundation is led by Margaret Carrera, President on every filing since 2019; none of the 2 officers listed in 2025 report compensation.
Officers on the 2025 filing
Margaret Carrera
President
On filings since 2019
1 hr/week
No compensation reported
Philip M Joffe
CFO
On filings since 2019
1 hr/week
No compensation reported
Data from IRS Form 990 filings, 2019–2025. "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 Carrera-Joffe Foundation
How much does Carrera-Joffe Foundation give each year?
Carrera-Joffe Foundation gave $436K across 6 grants in 2025, according to its 2025 IRS Form 990-PF. In 2024 it gave $438K across 7 grants.
What is Carrera-Joffe Foundation's typical grant size?
Carrera-Joffe Foundation's median grant in 2025 was $43,500, and its average grant was $72,667, across 6 grants on its 2025 IRS Form 990-PF.
Where does Carrera-Joffe Foundation give grants?
Carrera-Joffe Foundation gives mostly in California: 65% of the grant dollars itemized on its 2025 IRS Form 990-PF went to recipients there. The next largest state was Nevada (35%). The most frequent recipient cities were Las Vegas, NV (2 grants).
Does Carrera-Joffe Foundation give general operating support?
Not in 2025: none of the 6 grants with a stated purpose on Carrera-Joffe Foundation's 2025 IRS Form 990-PF were described as general or operating support.
Who are Carrera-Joffe Foundation's largest grantees?
Carrera-Joffe Foundation's largest 2025 grantees include UC San Diego Foundation ($250,000), University of Las Vegas NV Foundati ($50,000) and Cristo Rey St Viator Las Vegas ($47,000), according to its 2025 IRS Form 990-PF. It also paid 1 individual scholarship ($40,000), which are not listed by name. Together they received 80% of its itemized 2025 grant dollars.
How large is Carrera-Joffe Foundation?
Carrera-Joffe Foundation reported $3.4M in total assets on its 2025 IRS Form 990-PF. It paid out $436K in qualifying distributions that year, against a required minimum of $184K (roughly 5% of its investment assets).
What is Carrera-Joffe Foundation's EIN?
Carrera-Joffe Foundation's EIN (Employer Identification Number) is 68-0481048. IRS Form 990 filing data is available on this page for 2019–2025.
Data last updated September 2026. Sourced from IRS Form 990-PF filings.
Data update history
(3)
When this profile's IRS filing data changed on Grantable
- Added Form 990-PF for fiscal year 2019 (received by the IRS March 25, 2020)
- Added Form 990-PF for fiscal year 2025 (received by the IRS June 4, 2026)
- IRS filings on file for fiscal years 2020–2024
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