Carroll Education Foundation is a private foundation focused on Education, based in Flora, IN. IRS filing data is available from 2020 through 2025. As of 2025, the organization holds $3.3M in total assets. In 2025, it awarded 2 grants totaling $184K. Net investment income was $213K.
Key facts about Carroll Education Foundation
- EIN
- 20-5550649
- Latest 990 filing
- Form 990-PF, 2025
- Annual giving (2025)
- $184,011
- Grants made (2025)
- 2
- Average grant
- $92,006
- Median grant
- $92,006
- Total assets
- $3,280,449
- Primary geography
- Indiana (100% of itemized 2025 grant dollars)
Data from IRS Form 990-PF, 2025; updated September 2026.
How Carroll Education Foundation gives
- In 2025 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.
Next steps with Carroll Education Foundation
- How to evaluate Carroll Education Foundation as a funder
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Financial Overview
From 2025 IRS Form 990-PF · View filing
Total Assets
$3.3M
+1.2% YoY
Annual Giving
$184K
Grant Count
2
Avg Grant Size
$92K
Under IRS private-foundation payout rules, Carroll Education Foundation reported a distributable amount of $224K for 2025 — the minimum it must pay out in qualifying distributions.
About Carroll Education Foundation
Based on IRS filings
Carroll Education Foundation is a private foundation focused on Education, based in Flora, IN. IRS filing data is available from 2020 through 2025. As of 2025, the organization holds $3.3M in total assets. In 2025, it awarded 2 grants totaling $184K. Net investment income was $213K.
Focus Areas
Ready to take the next step with Carroll Education Foundation?
Geographic Focus
Where this funder awards grants
Grant Distribution by State
Share of all 2 itemized 2025 grant dollars.
States
Cities
Financial History
Multi-year comparison from IRS filings
| Metric | 2025 | 2024 | 2023 |
|---|---|---|---|
| Total Assets | $3,280,449 | $3,240,744 | $3,270,446 |
| Revenue | $252,466 | $146,152 | $186,908 |
| Expenses | $212,366 | $175,854 | $166,169 |
| Qualifying Distributions | $188,056 | — | — |
| Net Investment Income | $213,078 | $137,105 | $178,150 |
| Distributable Amount | $223,952 | — | — |
Data update history
When this profile's IRS filing data changed on Grantable
- IRS filings on file for fiscal years 2020–2025
Giving Over Time
Total grant dollars and number of grants per year
Grant Insights
How this funder distributes its grants
Top Recipients
Top 2 recipients in 2025
Grant Size Distribution
2 grants across all recorded years
Giving History
Grant recipients and amounts by year
Among its reported 2025 grants, the largest recipients include Scholarship Recipients ($171,885), Teacher Recipients ($12,126).
| Recipient | Purpose | Amount |
|---|---|---|
| SCHOLARSHIP RECIPIENTS Flora, IN | EDUCATION TUITION SCHOLARSHIPS. | $171,885 |
| TEACHER RECIPIENTS Flora, IN | GRANTS TO COVER SCHOOLROOM COSTS. | $12,126 |
Leadership & Key People
Officers and directors from IRS filings
Compensation Overview
No officer or director reported compensation in the available filings.
From 2025 IRS filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| Katrina Scagnoli | President | 1 | — |
| Jay Bush | Treasurer | 1 | — |
| Amy Powlen | Member | 1 | — |
| Steve Keown | Member | 1 | — |
| Greg Kuns | Member | 1 | — |
| Maggie Randle | Member | 1 | — |
| Eric Johnson | Member | 1 | — |
| Keith Thackery | Member | 1 | — |
| Dawn Seward | Member | 1 | — |
| Steve May | Member | 1 | — |
Subject Areas
Focus areas based on grantmaking activity
Frequently Asked Questions
What is Carroll Education Foundation?
Carroll Education Foundation is a private foundation focused on Education, based in Flora, IN. It holds $3.3M in total assets as of 2025.
How large is Carroll Education Foundation?
As of 2025, Carroll Education Foundation holds $3.3M in total assets with $252K in annual revenue. It awarded 2 grants totaling $184K in 2025.
Where does Carroll Education Foundation operate?
Carroll Education Foundation has awarded grants in Indiana.
What size grants does Carroll Education Foundation award?
In 2025, Carroll Education Foundation awarded 2 grants totaling $184K — an average of about $92K per grant, based on its IRS Form 990 filings.
How much is Carroll Education Foundation required to give away each year?
Private foundations must generally distribute about 5% of their assets annually. For 2025, Carroll Education Foundation reported a distributable amount of $224K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.
What is Carroll Education Foundation's EIN?
Carroll Education Foundation's EIN (Employer Identification Number) is 20-5550649. IRS Form 990 filing data is available on this page for 2020–2025.
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Data last updated September 2026. Sourced from IRS Form 990-PF filings.