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
Under IRS private-foundation payout rules, Ruth Carol Fund Inc reported a distributable amount of $1.4M for 2023 — the minimum it must pay out in qualifying distributions.
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
Among its reported 2023 grants, the largest include Baltimore Museum of Art ($1,000,000), Gbmc Pediatric Emergency Department ($500,000), Gbmc Promise Project ($200,000).
| Recipient | Purpose | Amount |
|---|---|---|
| BALTIMORE MUSEUM OF ART BALTIMORE, MD | SUPPORT EXEMPT PURPOSES | $1,000,000 |
| BALTIMORE SYMPHONY ORCHESTRA BALTIMORE, MD | SUPPORT EXEMPT PURPOSES | $50,000 |
| EDISON HIGH SCHOOL PORTLAND, OR | SUPPORT EXEMPT PURPOSES | $75,000 |
| GBMC PROMISE PROJECT BALTIMORE, MD | SUPPORT EXEMPT PURPOSES | $200,000 |
| HORIZON DAY CAMP BALTIMORE, MD | SUPPORT EXEMPT PURPOSES | $50,000 |
| THE ASSOCIATED JEWISH COMMUNITY FEDERATION OF BALTIMORE BALTIMORE, MD | SUPPORT EXEMPT PURPOSES | $50,000 |
| GBMC PEDIATRIC EMERGENCY DEPARTMENT BALTIMORE, MD | SUPPORT EXEMPT PURPOSES | $500,000 |
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
Frequently Asked Questions
What is Ruth Carol Fund Inc?
Ruth Carol Fund Inc is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in BALTIMORE, MD. It holds $23.4M in total assets as of 2023.
How large is Ruth Carol Fund Inc?
As of 2023, Ruth Carol Fund Inc holds $23.4M in total assets with $1.5M in annual revenue. It awarded 7 grants totaling $1.9M in 2023.
Where does Ruth Carol Fund Inc operate?
Ruth Carol Fund Inc has awarded grants in Maryland, Oregon.
What size grants does Ruth Carol Fund Inc award?
In 2023, Ruth Carol Fund Inc awarded 7 grants totaling $1.9M — an average of about $275K per grant, based on its IRS Form 990 filings.
How much is Ruth Carol Fund Inc required to give away each year?
Private foundations must generally distribute about 5% of their assets annually. For 2023, Ruth Carol Fund Inc reported a distributable amount of $1.4M on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.
What is Ruth Carol Fund Inc's EIN?
Ruth Carol Fund Inc's EIN (Employer Identification Number) is 20-2013753. IRS Form 990 filing data is available on this page for 2020–2023.
Explore Open Grants
Browse active grant opportunities in Ruth Carol Fund Inc's focus areas in our free grants database
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Data last updated April 2026. Sourced from IRS Form 990-PF filings.
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