Faith Hope & Love Foundation
Faith Hope & Love Foundation is a Form 990-PF (a private foundation) based in Carlsbad, New Mexico. It serves the greater Carlsbad community, offering assistance with basic needs and financial distress for vulnerable and income-disadvantaged people.
Faith Hope & Love Foundation at a glance
In short: Faith Hope & Love Foundation gave $402K across 10 grants in 2024 (avg $40K), mostly in New Mexico. Source: 2024 IRS Form 990-PF.
- Annual giving (2024)
- $402,290
- +18.1% vs 2023
- Grants made (2024)
- 10
- +0.0% vs 2023
- Average grant
- $40,229
- +18.1% vs 2023
- Median grant
- $23,986
- Total assets
- $3,934,715
- +18.1% vs 2023
- Primary geography
- New Mexico (100% of itemized 2024 grant dollars)
- Latest 990 filing
- Form 990-PF, 2024 View filing
Data from IRS Form 990-PF, 2024; updated October 2026.
How to apply to Faith Hope & Love Foundation
- How to Apply
-
The website describes starting with a pre-screening request, followed by case-manager assignment, an appointment, and an application with supporting paperwork. The 2024 filing lists Alana Gregory-Carreon as the application contact and a Family Assessment Form as the required form.
- Contact
Application contact: Alana Gregory-Carreon
Mailing address: 933 N Canal St, Carlsbad, NM 88220
Phone: (575) 941-2022
Website: https://fhlcarlsbad.org
Application details from Grantable's research on the foundation's public materials; confirm on its website before applying.
Who Faith Hope & Love Foundation funds
How this funder distributes its grants
Grant Size Distribution
56 grants across all recorded years
The most common grant size was under $50K: 36 grants of 56 (64%).
Geographic Focus
Where this funder awards grants
The foundation describes its service area as the greater Carlsbad community. Its 2023 filing shows that 100% of grant dollars went to recipients in New Mexico. The website says Brittany’s Hope is intended to assist cancer patients in the Carlsbad area, including Carlsbad, Loving, and surrounding areas.
Grant Distribution by State
Share of 2024 grant dollars across all 10 itemized grants.
States
Cities
How Faith Hope & Love Foundation gives
- Giving fell 39% from 2021 to 2024. Method
- In 2024 it paid out 348% of its IRS minimum distribution (the 5% rule). 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 2024, annual grant giving ranged from $341K (2023) to $928K (2020). In 2024 it made 10 grants totaling $402K.
Grants by year
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| 10 grants to individuals Recipients not named | — | $402,290 |
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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 |
|---|---|---|---|---|---|---|---|---|
| 2024 | $3,934,715 | $1,018,699 | $643,748 | $402,290 | 10 | $548,107 | $61,242 | $157,429 |
| 2023 | $3,330,555 | $755,410 | $577,514 | $340,590 | 10 | $483,248 | $68,114 | $132,344 |
| 2022 | $2,956,230 | $511,134 | $677,335 | $454,188 | 10 | $590,655 | $63,913 | $132,014 |
| 2021 | $3,351,453 | $527,719 | $891,994 | $660,606 | 13 | $840,819 | $51,988 | $177,207 |
| 2020 | $3,692,321 | $1,751,320 | $1,076,776 | $928,350 | 13 | — | — | $170,857 |
Under IRS private-foundation payout rules, Faith Hope & Love Foundation reported a distributable amount of $157K for 2024 — the minimum it must pay out in qualifying distributions.
Research compiled by Grantable AI from public sources. Last updated September 2026.
Mission & Focus Areas
The foundation says its mission is rooted in Christ’s call to love and serve others and to provide basic needs and support to vulnerable and income-disadvantaged people. Its stated areas of assistance include food, shelter, clothing, educational or financial assistance, life skills, budgeting, mentoring, and other basic needs. It also describes Brittany’s Hope, founded in 2017, as providing financial support to people with cancer.
The 2024 filing says allocations and grants are restricted to 501(c)(3) organizations, churches, and income-disadvantaged individuals seeking temporary assistance. Listed needs include clothing, food, housing, utilities, occupation, children, family transportation, and emergency needs.
Grantmaking
The foundation reported 10 grants totaling $340,590 in 2023. The grants ranged from $976 to $135,169, with a median of $10,834. The largest listed awards were $135,169 for indigent cancer patients, $63,009 for indigent education assistance, $59,805 for indigent shelter assistance, and $45,675 for indigent utilities assistance. The filing describes these awards as temporary assistance. Its 2024 filing, the latest on this page, reports 10 grants totaling $402,290.
The foundation’s website says people seeking help should first request a pre-screening; eligible applicants are assigned a case manager and complete an application with relevant paperwork. An appointment does not guarantee assistance. The 2024 filing names Alana Gregory-Carreon as the contact for applications and lists a Family Assessment Form as the required form and materials. It states that awards are restricted to the applicant categories and needs described above.
Leadership & Key People
Leadership team and compensation from IRS filings
The 2023 filing lists Alana Gregory-Carreon as president and Lane Martin, Kali Hughes, Donny Gregory, Marjorie Gregory, Jolie Jones, Cindy Meador, and Nick Walker as directors.
Faith Hope & Love Foundation is led by Alana Gregory-Carreon, President on every filing since 2020; 1 of 8 officers listed in 2024 is compensated.
Officers on the 2024 filing
Alana Gregory-Carreon
President
On filings since 2020
$20K (2020) → $40K (2024)
Donny Gregory
Director
On filings since 2020
No compensation reported
Kali Hughes
Director
On filings since 2020
No compensation reported
Lane Martin
Director
On filings since 2020
No compensation reported
Marjorie Gregory
Director
On filings since 2020
No compensation reported
Cindy Meador
Director
On filings since 2022
No compensation reported
Jolie Jones
Director
On filings since 2022
No compensation reported
Nick Walker
Director
On filings since 2022
No compensation reported
Former officers (3)
- Former: Jason Shirley (2020–2021) — Director
- Former: Vance Jenkins (2020–2021) — Director
- Former: Lyle Cole (2020) — Director
Data from IRS Form 990 filings, 2020–2024. "On filings since" is the earliest filing we hold that lists the person; hours are average hours per week as reported.
Compensation Overview
From 2024 IRS filing
The highest reported compensation on the 2024 filing was $40K, to Alana Gregory-Carreon (President).
Frequently asked questions about Faith Hope & Love Foundation
How much does Faith Hope & Love Foundation give each year?
Faith Hope & Love Foundation gave $402K across 10 grants in 2024, according to its 2024 IRS Form 990-PF. In 2023 it gave $341K across 10 grants.
What is Faith Hope & Love Foundation's typical grant size?
Faith Hope & Love Foundation's median grant in 2024 was $23,986, and its average grant was $40,229, across 10 grants on its 2024 IRS Form 990-PF.
Where does Faith Hope & Love Foundation give grants?
Faith Hope & Love Foundation gives mostly in New Mexico: 100% of the grant dollars itemized on its 2024 IRS Form 990-PF went to recipients there.
Does Faith Hope & Love Foundation give general operating support?
Not in 2024: none of the 10 grants with a stated purpose on Faith Hope & Love Foundation's 2024 IRS Form 990-PF were described as general or operating support. Recurring purposes include "Temporary Assistance" (9 grants).
How large is Faith Hope & Love Foundation?
Faith Hope & Love Foundation reported $3.9M in total assets on its 2024 IRS Form 990-PF. It paid out $548K in qualifying distributions that year, against a required minimum of $157K (roughly 5% of its investment assets).
What does Faith Hope & Love Foundation fund?
The foundation says its mission is rooted in Christ’s call to love and serve others and to provide basic needs and support to vulnerable and income-disadvantaged people. See mission & focus areas ↑
How do I apply for a grant from Faith Hope & Love Foundation?
The website describes starting with a pre-screening request, followed by case-manager assignment, an appointment, and an application with supporting paperwork. Eligibility and process details are in the grantmaking section of this profile. See how to apply ↑
What is Faith Hope & Love Foundation's EIN?
Faith Hope & Love Foundation's EIN (Employer Identification Number) is 46-5394469. IRS Form 990 filing data is available on this page for 2020–2024.
Data last updated October 2026. Sourced from IRS Form 990-PF filings. Research dossier generated September 2026.
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 November 10, 2021)
- Updated Form 990-PF for fiscal year 2021 (received by the IRS November 2, 2022)
- Updated Form 990-PF for fiscal year 2022 (received by the IRS November 15, 2023)
- Updated Form 990-PF for fiscal year 2023 (received by the IRS November 15, 2024)
- Added Form 990-PF for fiscal year 2024 (received by the IRS November 14, 2025)
- IRS filings on file for fiscal years 2020–2023
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Figures come from Faith Hope & Love Foundation's IRS filings (methodology). AI-written summaries, news items and logos are not covered by the open licence. Spot an error? Email hello@grantable.co.
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