Ruth Carol Fund Inc is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in BALTIMORE, MD. IRS filing data is available from 2020 through 2023. As of 2023, the organization holds $23.4M in total assets. In 2023, it awarded 7 grants totaling $1.9M. Net investment income was $1.1M.
Financial Overview
From 2023 IRS Form 990-PF · View filing
Total Assets
$23.4M
-3.4% YoY
Annual Giving
$1.9M
+14.9% YoY
Grant Count
7
-12.5% YoY
Avg Grant Size
$275K
+31.3% YoY
About Ruth Carol Fund Inc
Based on IRS filings
Ruth Carol Fund Inc is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in BALTIMORE, MD. IRS filing data is available from 2020 through 2023. As of 2023, the organization holds $23.4M in total assets. In 2023, it awarded 7 grants totaling $1.9M. Net investment income was $1.1M.
Focus Areas
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Geographic Focus
Where this funder awards grants
Grant Distribution by State
Cities
Financial History
Multi-year comparison from IRS filings
| Metric | 2023 | 2022 | 2021 |
|---|---|---|---|
| Total Assets | $23,379,787 | $24,214,019 | $24,629,253 |
| Revenue | $1,474,018 | $1,642,891 | $2,978,177 |
| Expenses | $2,308,250 | $2,058,125 | $1,999,871 |
| Qualifying Distributions | $2,003,147 | $1,751,264 | $1,736,996 |
| Net Investment Income | $1,147,156 | $1,342,045 | $2,790,801 |
| Distributable Amount | $1,368,859 | $1,423,952 | $1,603,338 |
Giving Over Time
Total grant dollars and number of grants per year
Grant Insights
How this funder distributes its grants
Top Recipients
Top 7 recipients in 2023
Grant Size Distribution
29 grants across all recorded years
Giving History
Grant recipients and amounts by year
No grants recorded for .
Leadership & Key People
Officers and directors from IRS filings
Compensation Overview
From 2023 IRS filing
From 2023 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| DONALD R MERING | PRESIDENT, DIRECTOR | 10 | — |
| SANFORD S DONALD | VICE PRESIDENT, DIRECTOR | 0.5 | — |
| CAROLANNE HARRIS | SECRETARY | 1 | — |
| BETTY C BANNAT | VICE PRESIDENT, DIRECTOR | 0.5 | — |
| JOHN P EDGAR | TREASURER, DIRECTOR | 0.5 | — |
| S SCOTT TATE | DIRECTOR | 0.5 | — |
Subject Areas
Focus areas based on grantmaking activity
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Data last updated April 2026. Sourced from IRS Form 990-PF filings.
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