Carroll Legacy Foundation Inc

Private foundation · Grantmaker Smyrna, GA EIN: 86-1738018

Carroll Legacy Foundation Inc is a private foundation, based in Smyrna, GA. IRS filing data is available from 2021 through 2025. As of 2025, the organization holds $72K in total assets. In 2025, it awarded 1 grant totaling $1K.

Key facts about Carroll Legacy Foundation Inc

In short: Carroll Legacy Foundation Inc gave $1K across 1 grant in 2025 (avg $1K), mostly in Texas. Source: 2025 IRS Form 990-PF.

EIN
86-1738018
Latest 990 filing
Form 990-PF, 2025
Annual giving (2025)
$1,005
Grants made (2025)
1
Average grant
$1,005
Median grant
$1,005
Total assets
$71,781
Primary geography
Texas (100% of itemized 2025 grant dollars)

Data from IRS Form 990-PF, 2025; updated September 2026.

Financial Overview

From 2025 IRS Form 990-PF · View filing

Total Assets

$72K

-2.3% YoY

Annual Giving

$1K

Grant Count

1

Avg Grant Size

$1K

Under IRS private-foundation payout rules, Carroll Legacy Foundation Inc reported a distributable amount of $3K for 2025 — the minimum it must pay out in qualifying distributions.

How Carroll Legacy Foundation Inc gives

  • Giving fell 75% from 2022 to 2025. Method
  • In 2025 it paid out 34% 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 the 2025 grant dollars on its one itemized grant.

States

Cities

AtlantaCypressHoustonRiverdale

Giving Over Time

Total grant dollars and number of grants per year

$0$2K$4K$6K$8K1 grant2021 1 grant2022 2 grants2023 0 grants2024 1 grant2025

From 2021 to 2025, annual grant giving ranged from $1K (2025) to $7K (2023). In 2025 it made 1 grant totaling $1K.

Grant Insights

How this funder distributes its grants

Grant Size Distribution

5 grants across all recorded years

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

The most common grant size was under $50K: 5 grants of 5 (100%).

Giving History

Grant recipients and amounts by year

RecipientPurposeAmount
1 individual scholarship Recipients not named —$1,005

Financial History

Multi-year comparison from IRS filings

Revenue
Expenses
Qualifying Distributions
$0$50K$100K$150K2021 2022 2023 2024 2025
Metric202520242023
Total Assets$71,781$73,486$76,207
Revenue$1,200$194—
Expenses$2,905$2,915$24,261
Qualifying Distributions$1,005—$6,802
Distributable Amount$2,967$239$4,248

Data update history

When this profile's IRS filing data changed on Grantable

  1. Updated Form 990-PF for fiscal year 2021 (received by the IRS May 13, 2022)
  2. Updated Form 990-PF for fiscal year 2022 (received by the IRS May 12, 2023)
  3. Updated Form 990-PF for fiscal year 2023 (received by the IRS June 7, 2024)
  4. Updated Form 990-PF for fiscal year 2024 (received by the IRS October 15, 2025)
  5. Added Form 990-PF for fiscal year 2025 (received by the IRS April 29, 2026)
  6. IRS filings on file for fiscal years 2021–2024

Leadership & Key People

Officers and directors from IRS filings

Carroll Legacy Foundation Inc's 2025 filing lists 3 officers; none of the 3 officers listed in 2025 report compensation.

Officers on the 2025 filing

  • Eric Carr

    Trustee

    On filings since 2021

    2 hrs/week

    No compensation reported

  • Karif Carroll

    Trustee

    On filings since 2021

    10 hrs/week

    No compensation reported

  • Mark Smalley

    Trustee

    On filings since 2021

    2 hrs/week

    No compensation reported

Data from IRS Form 990 filings, 2021–2025. "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 Carroll Legacy Foundation Inc

How much does Carroll Legacy Foundation Inc give each year?

Carroll Legacy Foundation Inc gave $1K across 1 grant in 2025, according to its 2025 IRS Form 990-PF.

How large is Carroll Legacy Foundation Inc?

Carroll Legacy Foundation Inc reported $72K in total assets on its 2025 IRS Form 990-PF. It paid out $1K in qualifying distributions that year, against a required minimum of $3K (roughly 5% of its investment assets). Falling short in one year is not a violation: foundations have until the end of the next year to meet the minimum.

Where does Carroll Legacy Foundation Inc operate?

Carroll Legacy Foundation Inc has awarded grants in Georgia, Texas.

What is Carroll Legacy Foundation Inc's EIN?

Carroll Legacy Foundation Inc's EIN (Employer Identification Number) is 86-1738018. IRS Form 990 filing data is available on this page for 2021–2025.

Data last updated September 2026. Sourced from IRS Form 990-PF filings.

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