The King-Carpenter Foundation is a private foundation based in Albuquerque, New Mexico. Established in 2009, it operates as a 501(c)(3) tax-exempt organization with no employees.
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$3.8M
-21.0% YoY
Annual Giving
$2.3M
+419.0% YoY
Grant Count
26
-10.3% YoY
Avg Grant Size
$90K
+478.9% YoY
Under IRS private-foundation payout rules, King-carpenter Foundation reported a distributable amount of $289K for 2024 — the minimum it must pay out in qualifying distributions.
Mission & Focus Areas
The foundation's primary funding priorities include:
- Education
- Philanthropy, Voluntarism & Grantmaking
- Human Services
The foundation primarily directs its grantmaking toward organizations in New Mexico and Colorado.
Grantmaking
The foundation makes general operating support grants to eligible organizations.
Grant Types
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Geographic Focus
Where this funder awards grants
The foundation's grantmaking is concentrated in New Mexico and Colorado.
Grant Distribution by State
States
Cities
Financial History
Multi-year comparison from IRS filings
Most Recent Financial Data (2023):
- Total assets: $4,872,492
- Total revenues: $1,959,779
- Total expenses: $490,794
- Total grants, contributions, etc.: $1,509,290
- Investment income and dividends: $93,256
- Net gain from sale of non-inventory assets: $357,020
Prior Year (2022):
- Total grants, contributions, etc.: $1,231,659
- Investment income and dividends: $43,146
- Net gain from sale of non-inventory assets: $87,534
| Metric | 2024 | 2023 | 2022 |
|---|---|---|---|
| Total Assets | $3,849,970 | $4,872,492 | $3,403,507 |
| Revenue | $1,395,138 | $1,959,779 | $1,362,681 |
| Expenses | $2,417,660 | $490,794 | $285,604 |
| Qualifying Distributions | $2,348,562 | $461,091 | $258,197 |
| Net Investment Income | $1,369,728 | $1,329,181 | $111,829 |
| Distributable Amount | $288,748 | $204,870 | $164,394 |
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
131 grants across all recorded years
Giving History
Grant recipients and amounts by year
Among its reported 2024 grants, the largest include Unm Foundation ($2,030,000), Mandy's Special Farm ($80,000), United Way of Central Nm ($60,000).
| Recipient | Purpose | Amount |
|---|---|---|
| ALBUQUERQUE HEALTHCARE FOR THE HOMELESS ALBUQUERQUE, NM | GENERAL OPERATING SUPPORT | $10,000 |
| ALBUQUERQUE MEALS ON WHEELS ALBUQUERQUE, NM | GENERAL OPERATING SUPPORT | $10,000 |
| ALBUQUERQUE MUSEUM FOUNDATION ALBUQUERQUE, NM | GENERAL OPERATING SUPPORT | $5,000 |
| ALBUQUERQUE YOUTH SYMPHONY ALBUQUERQUE, NM | GENERAL OPERATING SUPPORT | $2,000 |
| ANIMAL HUMANE ASSOCIATION NEW MEXICO ALBUQUERQUE, NM | GENERAL OPERATING SUPPORT | $10,000 |
| ARCA ALBUQUERQUE, NM | GENERAL OPERATING SUPPORT | $10,000 |
| CASA ESPERANZA INC ALBUQUERQUE, NM | GENERAL OPERATING SUPPORT | $10,000 |
| CHATTER MUSIC WORTH TALKING ABOUT ALBUQUERQUE, NM | GENERAL OPERATING SUPPORT | $5,000 |
| CITY OF GREELEY MUSEUMS GREELEY, CO | GENERAL OPERATING SUPPORT | $1,000 |
| CLN KIDS ALBUQUERQUE, NM | GENERAL OPERATING SUPPORT | $5,000 |
Leadership & Key People
Officers and directors from IRS filings
Compensation Overview
From 2024 IRS filing
From 2024 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| JAMES N KING | PRESIDENT/DIRECTOR | 1 | — |
| ELLEN J KING | VICE PRES/DIRECTOR | 1 | — |
| CYNTHIA K SCHULTZ | TREASURER/DIRECTOR | 1 | — |
| MICHELLE E KING | SECRETARY/DIRECTOR | 1 | — |
Subject Areas
Focus areas based on grantmaking activity
Frequently Asked Questions
What does King-carpenter Foundation fund?
The foundation's primary funding priorities include: • Education • Philanthropy, Voluntarism & Grantmaking • Human Services The foundation primarily directs its grantmaking toward organizations in New Mexico and Colorado.
How do I apply for a grant from King-carpenter Foundation?
**Grant Activity:** • Total giving: $2,344,500 • Typical award range: $250–$2,030,000 • Recent grants have included $100,000 to Albuquerque Academy, $100,000 to Sandia Preparatory School, and $30,000 to Opera Southwest **Grant Types:** The foundation makes general operating support grants to eligible organizations.
Where does King-carpenter Foundation make grants?
The foundation's grantmaking is concentrated in New Mexico and Colorado.
What size grants does King-carpenter Foundation award?
In 2024, King-carpenter Foundation awarded 26 grants totaling $2.3M — an average of about $90K per grant, based on its IRS Form 990 filings.
How much is King-carpenter Foundation required to give away each year?
Private foundations must generally distribute about 5% of their assets annually. For 2024, King-carpenter Foundation reported a distributable amount of $289K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.
What is King-carpenter Foundation's EIN?
King-carpenter Foundation's EIN (Employer Identification Number) is 27-0244287. IRS Form 990 filing data is available on this page for 2020–2024.
Explore Open Grants
Browse active grant opportunities in King-carpenter Foundation's focus areas in our free grants database
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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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