The Carmel Family Foundation Inc
The Carmel Family Foundation Inc is a private foundation, based in Miami, FL. IRS filing data is available from 2021 through 2025. As of 2025, the organization holds $1.1M in total assets. In 2025, it awarded 2 grants totaling $48K. Net investment income was $52K.
The Carmel Family Foundation Inc at a glance
In short: The Carmel Family Foundation Inc gave $48K across 2 grants in 2025 (avg $24K), mostly in Massachusetts. Source: 2025 IRS Form 990-PF.
- Annual giving (2025)
- $48,000
- -4.0% vs 2024
- Grants made (2025)
- 2
- +0.0% vs 2024
- Average grant
- $24,000
- -4.0% vs 2024
- Median grant
- $24,000
- Total assets
- $1,107,522
- +0.2% vs 2024
- Primary geography
- Massachusetts (52% of itemized 2025 grant dollars)
- Latest 990 filing
- Form 990-PF, 2025 View filing
Data from IRS Form 990-PF, 2025; updated September 2026.
Who The Carmel Family Foundation Inc funds
How this funder distributes its grants
Top Recipients
Top 2 recipients in 2025
The largest 2025 recipient was Compass Working Capital ($25K). Together the top 2 received $48K.
Grant Size Distribution
7 grants across all recorded years
The most common grant size was under $50K: 6 grants of 7 (86%).
Geographic Focus
Where this funder awards grants
Grant Distribution by State
Share of 2025 grant dollars across all 2 itemized grants.
States
Cities
How The Carmel Family Foundation Inc gives
- Giving held roughly steady from 2022 to 2025 (−13%). Method
- In 2025 it paid out 90% of its IRS minimum distribution (the 5% rule). Foundations have until the end of the next year to meet it. 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
From 2022 to 2025, annual grant giving ranged from $48K (2025) to $55K (2022). In 2025 it made 2 grants totaling $48K.
Grants by year
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| Compass Working Capital Boston, MA | Unrestricted donation | $25,000 |
| DesignlabGive Miami, FL | non-restricted gift | $23,000 |
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Financial History
Multi-year comparison from IRS filings
| Filing year | Total Assets | Revenue | Expenses | Grants paid | Grants | Qualifying Distributions | Net Investment Income | Distributable Amount |
|---|---|---|---|---|---|---|---|---|
| 2025 | $1,107,522 | $51,582 | $49,059 | $48,000 | 2 | $48,000 | $51,582 | $53,384 |
| 2024 | $1,104,999 | $59,596 | $50,739 | $50,000 | 2 | $50,000 | $59,596 | $47,599 |
| 2023 | $1,096,142 | $36,445 | $54,156 | $53,000 | 2 | $53,000 | $36,445 | $44,993 |
| 2022 | $1,113,853 | $53,890 | $63,947 | $55,000 | 1 | $55,000 | $53,890 | $51,090 |
| 2021 | $1,123,909 | $1,126,782 | — | — | — | $1,126,782 | — | $55,423 |
Under IRS private-foundation payout rules, The Carmel Family Foundation Inc reported a distributable amount of $53K for 2025 — the minimum it must pay out in qualifying distributions.
Leadership & Key People
Officers and directors from IRS filings
The Carmel Family Foundation Inc is led by Scott Carmel, President on every filing since 2021; none of the 3 officers listed in 2025 report compensation.
Officers on the 2025 filing
Scott Carmel
President
On filings since 2021
1 hr/week
No compensation reported
David Baum
Treasurer
On filings since 2021
1 hr/week
No compensation reported
Marissa Carmel
Secretary
On filings since 2021
1 hr/week
No compensation reported
Data from IRS Form 990 filings, 2021–2025. "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 The Carmel Family Foundation Inc
How much does The Carmel Family Foundation Inc give each year?
The Carmel Family Foundation Inc gave $48K across 2 grants in 2025, according to its 2025 IRS Form 990-PF. In 2024 it gave $50K across 2 grants.
How large is The Carmel Family Foundation Inc?
The Carmel Family Foundation Inc reported $1.1M in total assets on its 2025 IRS Form 990-PF. It paid out $48K in qualifying distributions that year, against a required minimum of $53K (roughly 5% of its investment assets). Falling short in one year is not a violation: foundations have until the end of the next year to meet the minimum.
Where does The Carmel Family Foundation Inc operate?
The Carmel Family Foundation Inc has awarded grants in Florida, Massachusetts.
What is The Carmel Family Foundation Inc's EIN?
The Carmel Family Foundation Inc's EIN (Employer Identification Number) is 87-4042485. IRS Form 990 filing data is available on this page for 2021–2025.
Data last updated September 2026. Sourced from IRS Form 990-PF filings.
Data update history
(6)
When this profile's IRS filing data changed on Grantable
- Updated Form 990-PF for fiscal year 2021 (received by the IRS November 9, 2022)
- Updated Form 990-PF for fiscal year 2022 (received by the IRS March 9, 2023)
- Updated Form 990-PF for fiscal year 2023 (received by the IRS February 25, 2024)
- Updated Form 990-PF for fiscal year 2024 (received by the IRS February 17, 2025)
- Updated Form 990-PF for fiscal year 2025 (received by the IRS February 17, 2026)
- IRS filings on file for fiscal years 2021–2025
Explore Open Grants
Browse active grant opportunities in The Carmel Family Foundation Inc's focus areas in our free grants database
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