The Carol L Merlone Educational Foundation is a private foundation focused on Education, based in LOS ANGELES, CA. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $2.6M in total assets. In 2024, it awarded 24 grants totaling $737K. Net investment income was $80K.
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$2.6M
-18.4% YoY
Annual Giving
$737K
+31.6% YoY
Grant Count
24
+41.2% YoY
Avg Grant Size
$31K
-6.8% YoY
Under IRS private-foundation payout rules, The Carol L Merlone Educational Foundation reported a distributable amount of $213K for 2024 — the minimum it must pay out in qualifying distributions.
About The Carol L Merlone Educational Foundation
Based on IRS filings
The Carol L Merlone Educational Foundation is a private foundation focused on Education, based in LOS ANGELES, CA. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $2.6M in total assets. In 2024, it awarded 24 grants totaling $737K. Net investment income was $80K.
Focus Areas
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Geographic Focus
Where this funder awards grants
Grant Distribution by State
States
Cities
Financial History
Multi-year comparison from IRS filings
| Metric | 2024 | 2023 | 2022 |
|---|---|---|---|
| Total Assets | $2,641,078 | $3,237,659 | $3,404,023 |
| Revenue | $460,667 | $577,590 | $697,845 |
| Expenses | $780,326 | $585,590 | $439,955 |
| Qualifying Distributions | $737,444 | $560,446 | $425,282 |
| Net Investment Income | $80,171 | $230,687 | $635,221 |
| Distributable Amount | $213,022 | $187,916 | $181,780 |
Giving Over Time
Total grant dollars and number of grants per year
Grant Insights
How this funder distributes its grants
Top Recipients
Top 10 recipients in 2024
Grant Size Distribution
73 grants across all recorded years
Giving History
Grant recipients and amounts by year
Among its reported 2024 grants, the largest include Ucla Foundation ($299,246), Sigma Nu Alumni Scholarhship Fund ($164,640), Uc Regents ($74,999).
| Recipient | Purpose | Amount |
|---|---|---|
| BOSTON COLLEGE CHESTNUT HILL, MA | SCHOLARSHIP FUND | $5,000 |
| DARTMOUTH COLLEGE HANOVER, NH | SCHOLARSHIP FUND | $8,333 |
| DUKE UNIVERSITY DURHAM, NC | SCHOLARSHIP FUND | $5,000 |
| GEORGETOWN UNIVERSITY WASHINGTON, DC | SCHOLARSHIP FUND | $15,000 |
| PITZER COLLEGE LOS ANGELES, CA | SCHOLARSHP FUND | $5,000 |
| HARVEY MUDD CLAREMONT, CA | SCHOLARSHIP FUND | $5,000 |
| SIGMA NU ALUMNI SCHOLARHSHIP FUND LOS ANGELES, CA | SCHOLARSHIP FUND | $164,640 |
| STANFORD UNIVERSITY STANFORD, CA | SCHOLARSHIP FUND | $15,000 |
| TRINITY COLLEGE HARTFORD, CT | SCHLOARSHIP FUND | $2,195 |
| UC REGENTS OAKLAND, CA | SCHOLARSHIP FUND | $74,999 |
Leadership & Key People
Officers and directors from IRS filings
Compensation Overview
From 2024 IRS filing
From 2024 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| KRISTEN L MERLONE | PRESIDENT/DIRECTOR | 2 | — |
| KATHRYN M GOLUEKE | DIRECTOR | — | $12,000 |
| JULIANA M CARLSON | DIRECTOR | — | — |
| GINA M MAREK | DIRECTOR | — | — |
| JOSEPH MERLONE | DIRECTOR | — | — |
| MICHAEL MERLONE | DIRECTOR | — | — |
| PETER MERLONE | CFO/SECRETARY/DIRECTOR | — | — |
Subject Areas
Focus areas based on grantmaking activity
Frequently Asked Questions
What is The Carol L Merlone Educational Foundation?
The Carol L Merlone Educational Foundation is a private foundation focused on Education, based in LOS ANGELES, CA. It holds $2.6M in total assets as of 2024.
How large is The Carol L Merlone Educational Foundation?
As of 2024, The Carol L Merlone Educational Foundation holds $2.6M in total assets with $461K in annual revenue. It awarded 24 grants totaling $737K in 2024.
Where does The Carol L Merlone Educational Foundation operate?
The Carol L Merlone Educational Foundation has awarded grants in California, Connecticut, District of Columbia, Illinois, Massachusetts, Michigan, Missouri, North Carolina, New Hampshire, New York, Pennsylvania.
What size grants does The Carol L Merlone Educational Foundation award?
In 2024, The Carol L Merlone Educational Foundation awarded 24 grants totaling $737K — an average of about $31K per grant, based on its IRS Form 990 filings.
How much is The Carol L Merlone Educational Foundation required to give away each year?
Private foundations must generally distribute about 5% of their assets annually. For 2024, The Carol L Merlone Educational Foundation reported a distributable amount of $213K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.
What is The Carol L Merlone Educational Foundation's EIN?
The Carol L Merlone Educational Foundation's EIN (Employer Identification Number) is 84-3123464. IRS Form 990 filing data is available on this page for 2020–2024.
Explore Open Grants
Browse active grant opportunities in The Carol L Merlone Educational Foundation'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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