King-Carpenter Foundation
The King-Carpenter Foundation is a private foundation based in Albuquerque, New Mexico. Its 2024 filing reports 26 grants totaling $2,344,500, all to recipients in New Mexico.
King-Carpenter Foundation at a glance
In short: King-Carpenter Foundation gave $2.3M across 26 grants in 2024 (avg $90K), mostly in New Mexico. 8% of 2024 grantees were new. Source: 2024 IRS Form 990-PF.
- Annual giving (2024)
- $2,344,500
- +419.0% vs 2023
- Grants made (2024)
- 26
- -10.3% vs 2023
- Average grant
- $90,173
- +478.9% vs 2023
- Median grant
- $5,500
- Total assets
- $3,849,970
- -21.0% vs 2023
- New grantees (estimate)
- 8% first-time grantees (2 of 26, 2024)
- 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. New grantees are estimated by matching recipient names across years (methodology).
How to apply to King-Carpenter Foundation
- Accepts unsolicited proposals
- No
- How to Apply
-
The foundation makes contributions only to preselected charitable organizations and does not accept unsolicited requests.
- Contact
Mailing address: 2708 Puerta Del Bosque Ln Nw, Albuquerque, NM 87104
Phone: (505) 681-6737
Application details from Grantable's research on the foundation's public materials; confirm on its website before applying.
Who King-Carpenter Foundation funds
How this funder distributes its grants
Top Recipients
Top 10 recipients in 2024
The largest 2024 recipient was UNM Foundation ($2.0M). Together the top 10 received $2.3M.
Grant Size Distribution
131 grants across all recorded years
The most common grant size was under $50K: 122 grants of 131 (93%).
Geographic Focus
Where this funder awards grants
All grant dollars reported for 2024 went to recipients in New Mexico.
Grant Distribution by State
Share of 2024 grant dollars across all 26 itemized grants.
States
Cities
Is King-Carpenter Foundation open to new grantees?
8%
first-time grantees, 2024
In 2024, 2 of 26 grantees (8%) were first-time recipients. First grants averaged $8K; repeat grants $97K. How we count
Medians: $8K first-time, $6K repeat.
- 92% of 2024 grantees were also funded in 2023. Method
- Giving grew 696% from 2021 to 2024. Method
- In 2024 it paid out 813% of its IRS minimum distribution (the 5% rule). Method
Estimate from itemized grant lists in IRS Form 990-PF filings (2020–2024). Recipient names are matched across years, so a renamed or misspelled grantee can look new; grants to individuals are left out. Methodology.
Giving History
Giving Over Time
Total grant dollars and number of grants per year
From 2020 to 2024, annual grant giving ranged from $256K (2022) to $2.3M (2024). In 2024 it made 26 grants totaling $2.3M.
Grants by year
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| UNM Foundation Albuquerque, NM | General Operating Support | $2,030,000 |
| Mandy's Special Farm Albuquerque, NM | General Operating Support | $80,000 |
| United Way of Central NM Albuquerque, NM | General Operating Support | $60,000 |
| Opera Southwest Albuquerque, NM | General Operating Support | $35,000 |
| Hopeworks Albuquerque, NM | General Operating Support | $20,000 |
| Albuquerque Healthcare for the Homeless Albuquerque, NM | General Operating Support | $10,000 |
| Albuquerque Meals on Wheels Albuquerque, NM | General Operating Support | $10,000 |
| 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 |
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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 | $3,849,970 | $1,395,138 | $2,417,660 | $2,344,500 | 26 | $2,348,562 | $1,369,728 | $288,748 |
| 2023 | $4,872,492 | $1,959,779 | $490,794 | $451,750 | 29 | $461,091 | $1,329,181 | $204,870 |
| 2022 | $3,403,507 | $1,362,681 | $285,604 | $255,500 | 26 | $258,197 | $111,829 | $164,394 |
| 2021 | $3,023,735 | $1,430,056 | $314,622 | $294,500 | 25 | $296,992 | $614,825 | $155,149 |
| 2020 | $2,401,825 | $42,080 | $279,401 | $262,000 | 25 | — | $30,828 | $135,214 |
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.
Research compiled by Grantable AI from public sources. Last updated September 2026.
Mission & Focus Areas
No foundation mission statement is provided. Its 2024 grants included support for organizations whose stated work spans arts and education, housing and services for people experiencing homelessness, support for people with intellectual and developmental disabilities, patient and family housing, and hunger relief. For example, Opera Southwest describes its work as producing opera and educating audiences about opera and the performing arts; Roadrunner Food Bank says it works to feed people and build partnerships toward ending hunger in New Mexico.
Grantmaking
In 2024, the foundation made 26 grants totaling $2,344,500. Grant amounts ranged from $1,000 to $2,030,000, with a median grant of $5,500. The largest award was $2,030,000 to the UNM Foundation for general operating support. Other notable grants included $80,000 to Mandy’s Special Farm, $60,000 to United Way of Central NM, $35,000 to Opera Southwest, and $20,000 to HopeWorks; each was listed for general operating support.
The foundation also gave $10,000 each to Albuquerque Healthcare for the Homeless, Albuquerque Meals on Wheels, Animal Humane Association New Mexico, ARCA, Casa Esperanza Inc, Roadrunner Food Bank, and Silver Horizons, with each listed for general operating support.
Leadership & Key People
Leadership team and compensation from IRS filings
The 2024 filing lists James N King as president/director, Ellen J King as vice president/director, Cynthia K Schultz as treasurer/director, and Michelle E King as secretary/director.
King-Carpenter Foundation is led by James N. King, President & Director on every filing since 2020; none of the 4 officers listed in 2024 report compensation.
Officers on the 2024 filing
James N. King
President & Director
On filings since 2020
1 hr/week
No compensation reported
Cynthia K. Schultz
Treasurer & Director
Secretary & Director → Treasurer & Director, 2023
On filings since 2020
1 hr/week
No compensation reported
Ellen J. King
Vice President & Director
On filings since 2020
1 hr/week
No compensation reported
Michelle E. King
Secretary & Director
Treasurer & Director → Secretary & Director, 2023
On filings since 2020
1 hr/week
No compensation reported
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.
Frequently asked questions about King-Carpenter Foundation
How much does King-Carpenter Foundation give each year?
King-Carpenter Foundation gave $2.3M across 26 grants in 2024, according to its 2024 IRS Form 990-PF. In 2023 it gave $452K across 29 grants.
What is King-Carpenter Foundation's typical grant size?
King-Carpenter Foundation's median grant in 2024 was $5,500, and its average grant was $90,173, across 26 grants on its 2024 IRS Form 990-PF. Organizations receiving their first grant from King-Carpenter Foundation that year got $8K on average.
Where does King-Carpenter Foundation give grants?
King-Carpenter Foundation gives mostly in New Mexico: 100% of the grant dollars itemized on its 2024 IRS Form 990-PF went to recipients there. The most frequent recipient cities were Albuquerque, NM (22 grants) and Pecos, NM (3 grants).
Does King-Carpenter Foundation give general operating support?
Yes: 100% of King-Carpenter Foundation's 2024 grants with a stated purpose (26 of 26) were for general or operating support, per its 2024 IRS Form 990-PF.
Who are King-Carpenter Foundation's largest grantees?
King-Carpenter Foundation's largest 2024 grantees include UNM Foundation ($2,030,000), Mandy's Special Farm ($80,000) and United Way of Central NM ($60,000), according to its 2024 IRS Form 990-PF. Together they received 93% of its itemized 2024 grant dollars.
How large is King-Carpenter Foundation?
King-Carpenter Foundation reported $3.8M in total assets on its 2024 IRS Form 990-PF. It paid out $2.3M in qualifying distributions that year, against a required minimum of $289K (roughly 5% of its investment assets).
What does King-Carpenter Foundation fund?
No foundation mission statement is provided. See mission & focus areas ↑
How do I apply for a grant from King-Carpenter Foundation?
The foundation makes contributions only to preselected charitable organizations and does not accept unsolicited requests. Eligibility and process details are in the grantmaking section of this profile. See how to apply ↑
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.
Does King-Carpenter Foundation accept unsolicited proposals?
No, according to Grantable's research on the foundation's published guidelines. See how to apply ↑
Data last updated October 2026. Sourced from IRS Form 990-PF filings. Research dossier generated September 2026.
Data update history
(1)
When this profile's IRS filing data changed on Grantable
- IRS filings on file for fiscal years 2020–2024
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Cite this profile
Grantable. (2026). King-Carpenter Foundation funder profile. GrantGraph. Retrieved October 11, 2026, from https://grantable.co/funders/king-carpenter-foundation-morg_b66272323f6c4d7ab7bcadd080e54810
BibTeX
@misc{grantable_270244287_2026,
author = {{Grantable}},
title = {{King-Carpenter Foundation funder profile}},
howpublished = {GrantGraph},
year = {2026},
url = {https://grantable.co/funders/king-carpenter-foundation-morg_b66272323f6c4d7ab7bcadd080e54810},
note = {Accessed 2026-10-11. Data licensed CC BY 4.0}
}The figures on this page are open data under CC BY 4.0: reuse them with credit to Grantable and a link. Download the data.
Figures come from King-Carpenter 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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