Hazel T Carman & George G Carman Tr
Hazel T Carman & George G Carman Tr is a private foundation, based in Dallas, TX. IRS filing data is available from 2021 through 2025. As of 2025, the organization holds $2.3M in total assets. In 2025, it awarded 2 grants totaling $100K. Net investment income was $198K.
Hazel T Carman & George G Carman Tr at a glance
In short: Hazel T Carman & George G Carman Tr gave $100K across 2 grants in 2025 (avg $50K), mostly in Virginia. Source: 2025 IRS Form 990-PF.
- Annual giving (2025)
- $100,000
- +3.4% vs 2024
- Grants made (2025)
- 2
- -33.3% vs 2024
- Average grant
- $50,000
- +55.2% vs 2024
- Median grant
- $50,000
- Total assets
- $2,298,635
- +2.7% vs 2024
- Primary geography
- Virginia (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 Hazel T Carman & George G Carman Tr funds
How this funder distributes its grants
Top Recipients
Top 2 recipients in 2025
The largest 2025 recipient was Medical College of Virginia ($70K). Together the top 2 received $100K.
Grant Size Distribution
12 grants across all recorded years
The most common grant size was under $50K: 10 grants of 12 (83%).
Geographic Focus
Where this funder awards grants
Grant Distribution by State
Share of 2025 grant dollars across all 2 itemized grants.
States
Cities
How Hazel T Carman & George G Carman Tr gives
- Giving grew 50% from 2022 to 2025. Method
- In 2025 it paid out 92% 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 $56K (2021) to $100K (2025). In 2025 it made 2 grants totaling $100K.
Grants by year
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| Medical College of Virginia Richmond, VA | Unrestricted General | $70,000 |
| Children's Hospital Foundation Richmond, VA | Unrestricted General | $30,000 |
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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 | $2,298,635 | $227,035 | $152,524 | $100,000 | 2 | $124,736 | $198,045 | $135,956 |
| 2024 | $2,238,784 | $81,484 | $144,405 | $96,666 | 3 | $119,032 | $50,345 | $127,847 |
| 2023 | $2,239,829 | $-10,816 | $150,962 | $98,666 | 3 | $118,383 | $30,129 | $119,926 |
| 2022 | $2,357,063 | $439,037 | $118,497 | $66,666 | 2 | $90,165 | $411,307 | $127,713 |
| 2021 | $2,391,684 | $178,723 | $104,189 | $55,605 | 2 | — | $154,517 | $132,586 |
Under IRS private-foundation payout rules, Hazel T Carman & George G Carman Tr reported a distributable amount of $136K for 2025 — the minimum it must pay out in qualifying distributions.
Leadership & Key People
Officers and directors from IRS filings
Hazel T Carman & George G Carman Tr'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
$36K (2022) → $38K (2025)
Former officers (1)
- Former: Bank Of America NA (2021) — Trustee
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.
Compensation Overview
From 2025 IRS filing
The highest reported compensation on the 2025 filing was $38K, to Bank of America (Trustee).
Frequently asked questions about Hazel T Carman & George G Carman Tr
How much does Hazel T Carman & George G Carman Tr give each year?
Hazel T Carman & George G Carman Tr gave $100K across 2 grants in 2025, according to its 2025 IRS Form 990-PF. In 2024 it gave $97K across 3 grants.
How large is Hazel T Carman & George G Carman Tr?
Hazel T Carman & George G Carman Tr reported $2.3M in total assets on its 2025 IRS Form 990-PF. It paid out $125K in qualifying distributions that year, against a required minimum of $136K (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 Hazel T Carman & George G Carman Tr operate?
Hazel T Carman & George G Carman Tr has awarded grants in Massachusetts, Virginia.
What is Hazel T Carman & George G Carman Tr's EIN?
Hazel T Carman & George G Carman Tr's EIN (Employer Identification Number) is 54-6264240. 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
(1)
When this profile's IRS filing data changed on Grantable
- IRS filings on file for fiscal years 2021–2025
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