Mark E Carbone Education Foundation Inc

Private foundation · Grantmaker New York, NY EIN: 46-2559459

The MARK E CARBONE EDUCATION FOUNDATION is a private foundation based in New York, New York. It made 13 grants totaling $715,284 in 2024, including scholarship grants to the University of Miami and general-support grants to organizations in Florida and New York.

Mark E Carbone Education Foundation Inc at a glance

In short: Mark E Carbone Education Foundation Inc gave $715K across 13 grants in 2024 (avg $55K), mostly in Florida. 9% of 2024 grantees were new. Source: 2024 IRS Form 990-PF.

Annual giving (2024)
$715,284
+84.5% vs 2023
Grants made (2024)
13
+62.5% vs 2023
Average grant
$55,022
+13.5% vs 2023
Median grant
$6,000
Total assets
$354
-30.5% vs 2023
New grantees (estimate)
9% first-time grantees (1 of 11, 2024; small sample)
Primary geography
Florida (96% 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 Mark E Carbone Education Foundation Inc

Accepts unsolicited proposals
No
How to Apply

The foundation does not accept unsolicited requests for funds and states that it contributes only to preselected charitable organizations.

Contact

Mailing address: 30 East 29Th St 33A, New York, NY 10016
Phone: (212) 750-9700

Application details from Grantable's research on the foundation's public materials; confirm on its website before applying.

Who Mark E Carbone Education Foundation Inc funds

How this funder distributes its grants

Top Recipients

Top 10 recipients in 2024

University of Miami: $675K across 3 grantsUniversity of Miami$675K · 3 grantsMatt and Lisa Allen Family Foundation Inc: $15KMatt and Lisa Allen FamilyFoundation Inc$15KMetropolitan Opera Club: $7KMetropolitan Opera Club$7KThe Nyspcc: $6KThe Nyspcc$6KThe Surf Club of Quogue Scholarship Funds: $6KThe Surf Club of QuogueScholarship Funds$6KQuogue Library Society: $3KQuogue Library Society$3KQuogue Chamber Music Inc: $2KQuogue Chamber Music Inc$2KEast End Hospice: $1KEast End Hospice$1KNew York Junior Tennis League: $336New York Junior Tennis League$336The Joyce Theater Foundation Inc: $300The Joyce Theater FoundationInc$300

The largest 2024 recipient was University of Miami ($675K across 3 grants). Together the top 10 received $715K.

Grant Size Distribution

40 grants across all recorded years

33<$50K1$50–100K4$100–250K1$250–500K1$500K–1M$1–5M$5M+

The most common grant size was under $50K: 33 grants of 40 (83%).

Geographic Focus

Where this funder awards grants

In 2024, 96% of grant dollars went to recipients in Florida and 4% to recipients in New York. The listed grants went to organizations in those two states.

Grant Distribution by State

3states

Share of 2024 grant dollars across all 13 itemized grants.

Cities

QuogueCoral GablesNew YorkAstoriaWesthampton BeachMiami ShoresBelmontFort LauderdaleRiverhead

Is Mark E Carbone Education Foundation Inc open to new grantees?

9%

first-time grantees, 2024

In 2024, 1 of 11 grantees (9%) were first-time recipients. With only 11 grantees, that is a small sample: one grantee more or less moves the share by about 9 points. First grants averaged $300; repeat grants $71K. How we count

Medians: $300 first-time, $4K repeat.

  • 55% of 2024 grantees were also funded in 2023. Method
  • Giving grew 315% from 2021 to 2024. Method
  • In 2022 it paid out well above 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

$0$200K$400K$600K$800K4 grants2020 4 grants2021 11 grants2022 8 grants2023 13 grants2024

From 2020 to 2024, annual grant giving ranged from $76K (2020) to $715K (2024). In 2024 it made 13 grants totaling $715K.

Grants by year

Grant recipients and amounts by year

RecipientPurposeAmount
University of Miami Coral Gables, FLScholarships$513,883
University of Miami Coral Gables, FLScholarships$152,531
Matt and Lisa Allen Family Foundation Inc Miami Shores, FLGeneral Support$14,500
University of Miami Coral Gables, FLScholarships$8,749
Metropolitan Opera Club New York, NYGeneral Support$7,200
The Nyspcc New York, NYGeneral Support$6,375
The Surf Club of Quogue Scholarship Funds Quogue, NYGeneral Support$6,000
Quogue Library Society Quogue, NYGeneral Support$2,500
Quogue Chamber Music Inc Quogue, NYGeneral Support$1,660
East End Hospice Westhampton Beach, NYGeneral Support$1,000
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Financial History

Multi-year comparison from IRS filings

Figures from IRS filings, by filing year
Filing yearTotal AssetsRevenueExpensesGrants paidGrantsQualifying DistributionsNet Investment IncomeDistributable Amount
2024$354$820,624$731,251$715,28413$721,919$80,200—
2023$509$548,737$395,282$387,6508$391,465$151,829—
2022$487$159,537$148,184$140,53511$147,410$13,825$13
2021$520$125,764$178,352$172,3724$177,647—$1,131
2020$52,459$134,583$84,148$76,0004——$270

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

Mission & Focus Areas

No mission statement for the foundation is provided. Its 2024 grants included scholarships and general support. Among the supported organizations, the Metropolitan Opera Club describes its mission as cultivating vocal and instrumental music, encouraging and supporting operatic and musical performances, supporting the Metropolitan Opera Association, and promoting social interaction among its members. East End Hospice describes its mission as improving lives across eastern Long Island through expert care, comfort, and compassion for terminally ill patients and their families.

Grantmaking

In 2024, the foundation awarded 13 grants totaling $715,284. Grant amounts ranged from $250 to $513,883, with a median of $6,000. The largest listed awards included three grants to the University of Miami for scholarships: $513,883, $152,531, and $8,749. Other listed grants included $14,500 to the Matt and Lisa Allen Family Foundation Inc. for general support, $7,200 to the Metropolitan Opera Club for general support, and $1,000 to East End Hospice for general support.

Leadership & Key People

Leadership team and compensation from IRS filings

The 2024 filing lists Mark E Carbone as president, CFO, and director; Thomas R Califano as secretary and director; and Peter P Smith as director.

Mark E Carbone Education Foundation Inc is led by Mark E. Carbone, President, CFO & Director on every filing since 2020; none of the 3 officers listed in 2024 report compensation.

Officers on the 2024 filing

  • Mark E. Carbone

    President, CFO & Director

    On filings since 2020

    5 hrs/week

    No compensation reported

  • Peter P. Smith

    Director

    On filings since 2020

    1 hr/week

    No compensation reported

  • Thomas R. Califano

    Secretary & Director

    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 Mark E Carbone Education Foundation Inc

How much does Mark E Carbone Education Foundation Inc give each year?

Mark E Carbone Education Foundation Inc gave $715K across 13 grants in 2024, according to its 2024 IRS Form 990-PF. In 2023 it gave $388K across 8 grants.

What is Mark E Carbone Education Foundation Inc's typical grant size?

Mark E Carbone Education Foundation Inc's median grant in 2024 was $6,000, and its average grant was $55,022, across 13 grants on its 2024 IRS Form 990-PF. Organizations receiving their first grant from Mark E Carbone Education Foundation Inc that year got $300 on average.

Where does Mark E Carbone Education Foundation Inc give grants?

Mark E Carbone Education Foundation Inc gives mostly in Florida: 96% of the grant dollars itemized on its 2024 IRS Form 990-PF went to recipients there. The most frequent recipient cities were Quogue, NY (4 grants), Coral Gables, FL (3 grants) and New York, NY (3 grants).

Does Mark E Carbone Education Foundation Inc give general operating support?

Yes: 77% of Mark E Carbone Education Foundation Inc's 2024 grants with a stated purpose (10 of 13) were for general or operating support, per its 2024 IRS Form 990-PF. Recurring purposes include "Scholarships" (3 grants).

Who are Mark E Carbone Education Foundation Inc's largest grantees?

Mark E Carbone Education Foundation Inc's largest 2024 grantees include University of Miami ($675,163 across 3 grants), Matt and Lisa Allen Family Foundation Inc ($14,500) and Metropolitan Opera Club ($7,200), according to its 2024 IRS Form 990-PF. Together they received 97% of its itemized 2024 grant dollars.

How large is Mark E Carbone Education Foundation Inc?

Mark E Carbone Education Foundation Inc reported $354 in total assets on its 2024 IRS Form 990-PF. Its revenue that year was $821K.

What does Mark E Carbone Education Foundation Inc fund?

No mission statement for the foundation is provided. Its 2024 grants included scholarships and general support. See mission & focus areas ↑

How do I apply for a grant from Mark E Carbone Education Foundation Inc?

The foundation does not accept unsolicited requests for funds and states that it contributes only to preselected charitable organizations. Eligibility and process details are in the grantmaking section of this profile. See how to apply ↑

What is Mark E Carbone Education Foundation Inc's EIN?

Mark E Carbone Education Foundation Inc's EIN (Employer Identification Number) is 46-2559459. IRS Form 990 filing data is available on this page for 2020–2024.

Does Mark E Carbone Education Foundation Inc 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

(6)

When this profile's IRS filing data changed on Grantable

  1. Updated Form 990-PF for fiscal year 2020 (received by the IRS November 15, 2021)
  2. Updated Form 990-PF for fiscal year 2021 (received by the IRS November 15, 2022)
  3. Updated Form 990-PF for fiscal year 2022 (received by the IRS November 10, 2023)
  4. Updated Form 990-PF for fiscal year 2023 (received by the IRS June 5, 2024)
  5. Updated Form 990-PF for fiscal year 2024 (received by the IRS July 2, 2025)
  6. IRS filings on file for fiscal years 2020–2024

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Cite this profile

Grantable. (2026). Mark E Carbone Education Foundation Inc funder profile. GrantGraph. Retrieved October 5, 2026, from https://grantable.co/funders/mark-e-carbone-education-foundation-inc-morg_084fa3d432994ae8aceeff78f1367c62

BibTeX
@misc{grantable_462559459_2026,
  author       = {{Grantable}},
  title        = {{Mark E Carbone Education Foundation Inc funder profile}},
  howpublished = {GrantGraph},
  year         = {2026},
  url          = {https://grantable.co/funders/mark-e-carbone-education-foundation-inc-morg_084fa3d432994ae8aceeff78f1367c62},
  note         = {Accessed 2026-10-05. 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 Mark E Carbone Education Foundation Inc'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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