King-carpenter Foundation

Foundation · Grantmaker ALBUQUERQUE, NM EIN: 27-0244287

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

-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.

Research compiled by Grantable AI from public sources. Last updated April 2026.

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

New Mexico $3.6M (100%)

Colorado $5K (0%)

States

Colorado New Mexico

Cities

AlbuquerqueGreeleyPecosRio Rancho

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

Revenue

Expenses

Qualifying Distributions

Net Investment Income

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

Philanthropy, Voluntarism & Grantmaking

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.