Carter Charitable Foundation Trust
Carter Charitable Foundation Trust is a private foundation, based in Orlando, FL. IRS filing data is available from 2020 through 2025. As of 2025, the organization holds $883K in total assets. In 2025, it awarded 3 grants totaling $21K. Net investment income was $44K.
Carter Charitable Foundation Trust at a glance
In short: Carter Charitable Foundation Trust gave $21K across 3 grants in 2025 (avg $7K), mostly in South Carolina. Source: 2025 IRS Form 990-PF.
- Annual giving (2025)
- $21,020
- -69.7% vs 2024
- Grants made (2025)
- 3
- +0.0% vs 2024
- Average grant
- $7,007
- -69.7% vs 2024
- Median grant
- $6,306
- Total assets
- $883,108
- +0.9% vs 2024
- Primary geography
- South Carolina (100% of itemized 2025 grant dollars)
- Latest 990 filing
- Form 990-PF, 2025 View filing
Data from IRS Form 990-PF, 2025; updated October 2026.
Who Carter Charitable Foundation Trust funds
How this funder distributes its grants
Top Recipients
Top 3 recipients in 2025
The largest 2025 recipient was Clemson University ($9K). Together the top 3 received $21K.
Grant Size Distribution
12 grants across all recorded years
The most common grant size was under $50K: 12 grants of 12 (100%).
Geographic Focus
Where this funder awards grants
Grant Distribution by State
Share of 2025 grant dollars across all 3 itemized grants.
States
Cities
How Carter Charitable Foundation Trust gives
- Giving fell 60% from 2022 to 2025. Method
- In 2025 it paid out 59% 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 2020 to 2025, annual grant giving ranged from $21K (2025) to $69K (2024). In 2025 it made 3 grants totaling $21K.
Grants by year
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| Clemson University Clemson, SC | Scholarships | $9,459 |
| Winthrop University Office of Planned Giving Rock Hill, SC | Scholarships | $6,306 |
| USC School of Law Office of Development Columbia, SC | Scholarships | $5,255 |
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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 | $883,108 | $49,418 | $41,469 | $21,020 | 3 | $27,909 | $43,565 | $47,491 |
| 2024 | $875,268 | $61,891 | $91,588 | $69,270 | 3 | $69,270 | $11,329 | $46,525 |
| 2023 | $897,269 | $7,503 | $10,781 | — | — | — | $16,532 | $43,764 |
| 2022 | $900,547 | $54,378 | $65,378 | $52,469 | 3 | $52,469 | $2,062 | $46,581 |
| 2021 | $911,547 | $227,186 | $64,848 | $50,150 | 3 | $50,150 | $15,954 | $50,318 |
| 2020 | $749,209 | $43,588 | $60,077 | $46,811 | 3 | — | $16,753 | $47,521 |
Under IRS private-foundation payout rules, Carter Charitable Foundation Trust reported a distributable amount of $47K for 2025 — the minimum it must pay out in qualifying distributions.
Leadership & Key People
Officers and directors from IRS filings
Carter Charitable Foundation Trust's only listed officer is Truist Bank, Trustee on every filing since 2020 (compensated).
Officers on the 2025 filing
Truist Bank
Trustee
On filings since 2020
1 hr/week
$11K (2025)
Data from IRS Form 990 filings, 2020–2025. "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 Truist Bank (Trustee).
Frequently asked questions about Carter Charitable Foundation Trust
How much does Carter Charitable Foundation Trust give each year?
Carter Charitable Foundation Trust gave $21K across 3 grants in 2025, according to its 2025 IRS Form 990-PF. In 2024 it gave $69K across 3 grants.
What is Carter Charitable Foundation Trust's typical grant size?
Carter Charitable Foundation Trust's median grant in 2025 was $6,306, and its average grant was $7,007, across 3 grants on its 2025 IRS Form 990-PF.
Where does Carter Charitable Foundation Trust give grants?
Carter Charitable Foundation Trust gives mostly in South Carolina: 100% of the grant dollars itemized on its 2025 IRS Form 990-PF went to recipients there.
Does Carter Charitable Foundation Trust give general operating support?
Not in 2025: none of the 3 grants with a stated purpose on Carter Charitable Foundation Trust's 2025 IRS Form 990-PF were described as general or operating support. Recurring purposes include "Scholarships" (3 grants).
How large is Carter Charitable Foundation Trust?
Carter Charitable Foundation Trust reported $883K in total assets on its 2025 IRS Form 990-PF. It paid out $28K in qualifying distributions that year, against a required minimum of $47K (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.
What is Carter Charitable Foundation Trust's EIN?
Carter Charitable Foundation Trust's EIN (Employer Identification Number) is 20-6062344. IRS Form 990 filing data is available on this page for 2020–2025.
Data last updated October 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 2020 (received by the IRS April 9, 2021)
- Updated Form 990-PF for fiscal year 2021 (received by the IRS May 10, 2022)
- Updated Form 990-PF for fiscal year 2022 (received by the IRS May 8, 2023)
- Updated Form 990-PF for fiscal year 2024 (received by the IRS April 28, 2025)
- Added Form 990-PF for fiscal year 2025 (received by the IRS April 27, 2026)
- IRS filings on file for fiscal years 2020–2024
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