Carroll Legacy Foundation Inc
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.
Carroll Legacy Foundation Inc at a glance
In short: Carroll Legacy Foundation Inc gave $1K across 1 grant in 2025 (avg $1K), mostly in Texas. Source: 2025 IRS Form 990-PF.
- Annual giving (2025)
- $1,005
- Grants made (2025)
- 1
- Average grant
- $1,005
- Median grant
- $1,005
- Total assets
- $71,781
- -2.3% vs 2024
- Primary geography
- Texas (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 Carroll Legacy Foundation Inc funds
How this funder distributes its grants
Grant Size Distribution
5 grants across all recorded years
The most common grant size was under $50K: 5 grants of 5 (100%).
Geographic Focus
Where this funder awards grants
Grant Distribution by State
Share of the 2025 grant dollars on its one itemized grant.
Cities
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.
Giving History
Giving Over Time
Total grant dollars and number of grants per year
From 2021 to 2025, annual grant giving ranged from $1K (2025) to $7K (2023). In 2025 it made 1 grant totaling $1K.
Grants by year
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| 1 individual scholarship Recipients not named | — | $1,005 |
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Financial History
Multi-year comparison from IRS filings
| Filing year | Total Assets | Revenue | Expenses | Grants paid | Grants | Qualifying Distributions | Distributable Amount |
|---|---|---|---|---|---|---|---|
| 2025 | $71,781 | $1,200 | $2,905 | $1,005 | 1 | $1,005 | $2,967 |
| 2024 | $73,486 | $194 | $2,915 | — | — | — | $239 |
| 2023 | $76,207 | — | $24,261 | $6,500 | 2 | $6,802 | $4,248 |
| 2022 | $100,468 | $98,000 | $7,460 | $4,000 | 1 | $5,150 | $612 |
| 2021 | $9,928 | $12,500 | $2,572 | $2,500 | 1 | $2,500 | $504 |
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.
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.
Data update history
(6)
When this profile's IRS filing data changed on Grantable
- Updated Form 990-PF for fiscal year 2021 (received by the IRS May 13, 2022)
- Updated Form 990-PF for fiscal year 2022 (received by the IRS May 12, 2023)
- Updated Form 990-PF for fiscal year 2023 (received by the IRS June 7, 2024)
- Updated Form 990-PF for fiscal year 2024 (received by the IRS October 15, 2025)
- Added Form 990-PF for fiscal year 2025 (received by the IRS April 29, 2026)
- IRS filings on file for fiscal years 2021–2024
Live grants for the work Carroll Legacy Foundation Inc funds
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