Elizabeth Carse Foundation
Elizabeth Carse Foundation is a private foundation, based in Dallas, TX. IRS filing data is available from 2020 through 2025. As of 2025, the organization holds $2.7M in total assets. In 2025, it awarded 1 grant totaling $115K. Net investment income was $243K.
Elizabeth Carse Foundation at a glance
In short: Elizabeth Carse Foundation gave $115K across 1 grant in 2025 (avg $115K), mostly in Rhode Island. Source: 2025 IRS Form 990-PF.
- Annual giving (2025)
- $115,000
- -6.9% vs 2024
- Grants made (2025)
- 1
- +0.0% vs 2024
- Average grant
- $115,000
- -6.9% vs 2024
- Median grant
- $115,000
- Total assets
- $2,690,738
- +3.0% vs 2024
- Primary geography
- Rhode Island (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.
How to apply to Elizabeth Carse Foundation
Open Grants
1 open opportunity from Elizabeth Carse Foundation
Who Elizabeth Carse Foundation funds
How this funder distributes its grants
Grant Size Distribution
28 grants across all recorded years
The most common grant size was under $50K: 24 grants of 28 (86%).
Geographic Focus
Where this funder awards grants
Grant Distribution by State
Share of the 2025 grant dollars on its one itemized grant.
Cities
How Elizabeth Carse Foundation gives
- Giving held roughly steady from 2022 to 2025 (−4%). Method
- In 2025 it paid out 93% 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 $100K (2020) to $124K (2024). In 2025 it made 1 grant totaling $115K.
Grants by year
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| See Attached Statement See Attached Statement, RI | Unrestricted General | $115,000 |
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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 | $2,690,738 | $271,866 | $166,842 | $115,000 | 1 | $138,858 | $242,970 | $149,572 |
| 2024 | $2,613,520 | $104,118 | $166,552 | $123,500 | 1 | $144,558 | $74,876 | $138,005 |
| 2023 | $2,622,219 | $-38,905 | $173,478 | $120,000 | 1 | $140,656 | $33,254 | $132,421 |
| 2022 | $2,801,361 | $540,459 | $172,729 | $120,000 | 1 | $145,310 | $513,749 | $146,613 |
| 2021 | $2,766,152 | $238,381 | $157,067 | $111,800 | 24 | — | $216,387 | $146,827 |
| 2020 | $2,352,263 | $154,021 | $140,854 | $100,000 | 20 | — | $140,518 | $125,493 |
Under IRS private-foundation payout rules, Elizabeth Carse Foundation reported a distributable amount of $150K for 2025 — the minimum it must pay out in qualifying distributions.
Leadership & Key People
Officers and directors from IRS filings
Elizabeth Carse Foundation's only listed officer is Bank Of America, Trustee on every filing since 2022 (compensated).
Officers on the 2025 filing
Bank Of America
Trustee
On filings since 2022
1 hr/week
$33K (2022) → $33K (2025)
Former officers (1)
- Former: Bank Of America N A (2020–2021) — Trustee
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 $33K, to Bank of America (Trustee).
Frequently asked questions about Elizabeth Carse Foundation
How much does Elizabeth Carse Foundation give each year?
Elizabeth Carse Foundation gave $115K across 1 grant in 2025, according to its 2025 IRS Form 990-PF. In 2024 it gave $124K across 1 grant.
How large is Elizabeth Carse Foundation?
Elizabeth Carse Foundation reported $2.7M in total assets on its 2025 IRS Form 990-PF. It paid out $139K in qualifying distributions that year, against a required minimum of $150K (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 Elizabeth Carse Foundation operate?
Elizabeth Carse Foundation has awarded grants in Connecticut, New Jersey, Rhode Island.
What is Elizabeth Carse Foundation's EIN?
Elizabeth Carse Foundation's EIN (Employer Identification Number) is 06-6027576. IRS Form 990 filing data is available on this page for 2020–2025.
Data last updated September 2026. Sourced from IRS Form 990-PF filings.
Data update history
(1)
When this profile's IRS filing data changed on Grantable
- IRS filings on file for fiscal years 2020–2025
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