Smart Carrot Foundation

Private foundation · Grantmaker San Carlos, CA EIN: 86-2304451

Smart Carrot Foundation is a private foundation, based in San Carlos, CA. IRS filing data is available from 2022 through 2025. As of 2025, the organization holds $406K in total assets. In 2025, it made $22K in qualifying distributions. Net investment income was $77K.

Smart Carrot Foundation at a glance

Total assets
$405,683
+10.7% vs 2024
Revenue (2025)
$77,154
+37.1% vs 2024
Qualifying distributions (2025)
$22,065
-49.2% vs 2024
Expenses (2025)
$28,579
-34.3% vs 2024
Latest 990 filing
Form 990-PF, 2025 View filing

Data from IRS Form 990-PF, 2025; updated September 2026.

Who Smart Carrot Foundation funds

How this funder distributes its grants

Grant Size Distribution

5 grants across all recorded years

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

The most common grant size was under $50K: 5 grants of 5 (100%).

Geographic Focus

Where this funder awards grants

Grant Distribution by State

1state

States

Cities

San JoseSan Mateo

How Smart Carrot Foundation gives

  • In 2025 it paid out 108% of its IRS minimum distribution (the 5% rule). Method

From the foundation's IRS Form 990-PF filings. Methodology.

Giving History

Giving Over Time

Total grant dollars and number of grants per year

$0$500$1K$1.5K$2K3 grants2022 0 grants2023 2 grants2024 0 grants2025

From 2022 to 2024, annual grant giving ranged from $1K (2022) to $2K (2024). In 2024 it made 2 grants totaling $2K.

Grants by year

Grant recipients and amounts by year

RecipientPurposeAmount
Happy Hollow San Jose, CACharitable$1,000
CuriOdyssey San Mateo, CACharitable$695
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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
2025$405,683$77,154$28,579——$22,065$77,154$20,387
2024$366,426$56,275$43,486$1,6952$43,437$56,226$19,805
2023$344,321$190,208$14,266——$14,193$5,528$8,813
2022$168,379$266,374$97,995$1,3203$97,978—$7,309

Under IRS private-foundation payout rules, Smart Carrot Foundation reported a distributable amount of $20K for 2025 — the minimum it must pay out in qualifying distributions.

Leadership & Key People

Officers and directors from IRS filings

Smart Carrot Foundation is led by Ting Chen, CEO on every filing since 2022; none of the 2 officers listed in 2025 report compensation.

Officers on the 2025 filing

  • Ting Chen

    CEO

    On filings since 2022

    2 hrs/week

    No compensation reported

  • Zhongming Chen

    CFO

    On filings since 2022

    2 hrs/week

    No compensation reported

Data from IRS Form 990 filings, 2022–2025. "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 Smart Carrot Foundation

How large is Smart Carrot Foundation?

Smart Carrot Foundation reported $406K in total assets on its 2025 IRS Form 990-PF. It paid out $22K in qualifying distributions that year, against a required minimum of $20K (roughly 5% of its investment assets).

Where does Smart Carrot Foundation operate?

Smart Carrot Foundation has awarded grants in California.

What is Smart Carrot Foundation's EIN?

Smart Carrot Foundation's EIN (Employer Identification Number) is 86-2304451. IRS Form 990 filing data is available on this page for 2022–2025.

Data last updated September 2026. Sourced from IRS Form 990-PF filings.

Data update history

(1)

When this profile's IRS filing data changed on Grantable

  1. IRS filings on file for fiscal years 2022–2025

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The filing figures on this page are open data under CC BY 4.0. About GrantGraph Open

Figures come from Smart Carrot 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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