Joseph and Inez E Carbone Foundation
The Joseph and Inez E Carbone Foundation is a private foundation based in Utica, New York. Established in 1995, the foundation operates as a 501(c)(3) tax-exempt organization dedicated to philanthropic grantmaking activities.
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$1.7M
-3.9% YoY
Annual Giving
$218K
-2.3% YoY
Grant Count
49
-2.0% YoY
Avg Grant Size
$4K
-0.4% YoY
Under IRS private-foundation payout rules, Joseph and Inez E Carbone Foundation reported a distributable amount of $111K for 2024 — the minimum it must pay out in qualifying distributions.
Grantmaking
The foundation makes grants to charitable organizations. Recent documented grants include:
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Geographic Focus
Where this funder awards grants
The foundation is based in Utica, New York, and appears to focus its grantmaking within the local Utica region and surrounding areas.
Grant Distribution by State
States
Cities
Financial History
Multi-year comparison from IRS filings
As of 2023:
- Total Assets: $1,806,310
- Total Giving: $223,050
- Annual Revenue: $119,000
- Annual Expenses: $263,000
- Total Liabilities: $18,100
| Metric | 2024 | 2023 | 2022 |
|---|---|---|---|
| Total Assets | $1,735,850 | $1,806,310 | $1,932,198 |
| Revenue | $185,256 | $118,869 | $45,800 |
| Expenses | $251,986 | $262,637 | $255,150 |
| Qualifying Distributions | $217,812 | $223,050 | $233,000 |
| Net Investment Income | $128,426 | $54,532 | $12,695 |
| Distributable Amount | $111,073 | $91,134 | $112,922 |
Giving Over Time
Total grant dollars and number of grants per year
Grant Insights
How this funder distributes its grants
Top Recipients
Top 10 recipients in 2024
Grant Size Distribution
217 grants across all recorded years
Giving History
Grant recipients and amounts by year
Among its reported 2024 grants, the largest include Mohawk Valley Health System Foundation ($110,000), Kelberman Center ($17,000), Utica University ($10,000).
| Recipient | Purpose | Amount |
|---|---|---|
| 50 FORWARD UTICA, NY | GENERAL DONATION | $500 |
| ABRAHAM HOUSE UTICA, NY | GENERAL DONATION | $1,000 |
| ALZHEIMER'S ASSOCIATION EAST SYRACUSE, NY | GENERAL DONATION | $100 |
| AMERICAN LEGION INDIANAPOLIS, IN | GENERAL DONATION | $500 |
| AMERICAN RED CROSS BOONE, IA | GENERAL DONATION | $100 |
| ARTHRITIS FOUNDATION WASHINGTON, DC | GENERAL DONATION | $100 |
| BACK THE BLUE BOCA RATON, FL | GENERAL DONATION | $2,000 |
| BELIEVE 271 FOUNDATION HOLLAND PATENT, NY | GENERAL DONATION | $1,500 |
| BIKERS AGAINST CHILD ABUSE SYRACUSE, NY | GENERAL DONATION | $500 |
| BRIAN'S KIDS SYRACUSE, NY | GENERAL DONATION | $1,000 |
Leadership & Key People
Officers and directors from IRS filings
Compensation Overview
From 2024 IRS filing
From 2024 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| ENESSA M CARBONE | TRUSTEE | 1 | — |
| ALEXANDER E CARBONE | TRUSTEE | 1 | — |
| JOSEPH A CARBONE | TRUSTEE | 1 | — |
Subject Areas
Focus areas based on grantmaking activity
Frequently Asked Questions
How do I apply for a grant from Joseph and Inez E Carbone Foundation?
The foundation makes grants to charitable organizations. Recent documented grants include: • $5,000 to Landmarks Society of Greater Utica for general donation support (2024) The foundation's giving activity demonstrates support for local community organizations in the Utica area.
Where does Joseph and Inez E Carbone Foundation make grants?
The foundation is based in Utica, New York, and appears to focus its grantmaking within the local Utica region and surrounding areas.
What size grants does Joseph and Inez E Carbone Foundation award?
In 2024, Joseph and Inez E Carbone Foundation awarded 49 grants totaling $218K — an average of about $4K per grant, based on its IRS Form 990 filings.
How much is Joseph and Inez E Carbone Foundation required to give away each year?
Private foundations must generally distribute about 5% of their assets annually. For 2024, Joseph and Inez E Carbone Foundation reported a distributable amount of $111K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.
What is Joseph and Inez E Carbone Foundation's EIN?
Joseph and Inez E Carbone Foundation's EIN (Employer Identification Number) is 16-1475079. IRS Form 990 filing data is available on this page for 2020–2024.
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Data last updated June 2026. Sourced from IRS Form 990-PF filings. Research dossier generated April 2026.
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