The Caroline Foundation Inc

Foundation · Grantmaker Denton, MD EIN: 52-0906348 Website

The Caroline Foundation is a 501(c)(3) public charity foundation located in Denton, Maryland. Established in 2015 following the sale of the Caroline Nursing Home and The Gables (originally incorporated in 1967), the foundation was created with $14 million in proceeds to provide sustainable grantmaking to benefit health-related needs in Caroline County. The foundation operates with no physical office and no paid staff, relying on a volunteer board of directors that partners with the Mid-Shore Community Foundation for administrative services.

Key facts about The Caroline Foundation Inc

EIN: 52-0906348
Latest 990 filing: Form 990-PF, 2025
Annual giving (2025): $860,000
Grants made (2025): 18
Average grant: $47,778
Median grant: $40,075
New grantees (estimate): 17% first-time grantees (3 of 18, 2025)
Total assets: $18,575,423
Primary geography: Maryland (100% of itemized 2025 grant dollars)
How to apply: Application Period: April 1st – July 1st. Full details ↓

Data from IRS Form 990-PF, 2025; updated September 2026. New grantees are estimated by matching recipient names across years (methodology). Application details from Grantable's research on the foundation's public materials; confirm on its website before applying.

Who The Caroline Foundation Inc funds

By grant dollars, the top recipient states for The Caroline Foundation Inc's 18 itemized 2025 grants were Maryland (100%). The most frequent recipient cities were Denton, MD (8 grants) and Easton, MD (3 grants). None of its 18 grants with a stated purpose were described as general or operating support.

Is The Caroline Foundation Inc open to new grantees?

17%

first-time grantees, 2025

In 2025, 3 of 18 grantees (17%) were first-time recipients. First grants averaged $14K; repeat grants $54K. How we count

Medians: $10K first-time, $50K repeat.

78% of 2025 grantees were also funded in 2024. Method
Giving held roughly steady from 2022 to 2025 (+12%). Method

Estimate from itemized IRS Form 990-PF grant lists (2020–2025). Recipient names are matched across years, so a renamed or misspelled grantee can look new; grants to individuals are left out. Methodology.

Next steps with The Caroline Foundation Inc

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Financial Overview

From 2025 IRS Form 990-PF · View filing

Total Assets

$18.6M

+8.1% YoY

Annual Giving

$860K

+8.8% YoY

Grant Count

+5.9% YoY

Avg Grant Size

$48K

+2.7% YoY

Research compiled by Grantable AI from public sources. Last updated April 2026.

Mission & Focus Areas

The foundation's mission is to award grants to nonprofit organizations that provide medical and/or health-related services to residents of Caroline County.

The foundation does not fund capital projects.

Grantmaking

How to Apply

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Geographic Focus

Where this funder awards grants

Caroline County, Maryland

Grant Distribution by State

Maryland $860K (100%)

Share of all 18 itemized 2025 grant dollars.

States

Delaware Maryland

Cities

DentonEastonRidgleyGoldsboroCentrevilleChestertownFederalsburgPasadenaPrestonAnnapolisCambridgeCordovaGreensboroMarydel

Financial History

Multi-year comparison from IRS filings

As of Fiscal Year Ending June 2025:

Total Assets: $18,575,423
Total Revenues: $1,403,392
Total Expenses: $1,016,216
Total Grants, Contributions, etc.: $601,796
Investment Income and Dividends: $446,913

As of Fiscal Year Ending June 2024:

Total Grants, Contributions, etc.: $366,202
Investment Income and Dividends: $373,122

Revenue

Expenses

Qualifying Distributions

Net Investment Income

Metric	2025	2024	2023
Total Assets	$18,575,423	$17,186,805	$15,701,192
Revenue	$1,403,392	$663,453	$-677,130
Expenses	$1,016,216	$944,871	$858,537
Qualifying Distributions	—	—	—
Net Investment Income	$801,596	$297,251	$-678,180
Distributable Amount	—	—	—

Data update history

When this profile's IRS filing data changed on Grantable

March 2, 2026 IRS filings on file for fiscal years 2020–2025

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 2025

Grant Size Distribution

93 grants across all recorded years

Giving History

Grant recipients and amounts by year

Among its reported 2025 grants, the largest recipients include St Martin's Ministries ($120,000), His Hope Ministries ($115,000), Compass Regional Hospice ($100,000).

Recipient	Purpose	Amount
ST MARTIN'S MINISTRIES Ridgley, MD	FOOD PANTRY ENHANCED STAFFING	$120,000
HIS HOPE MINISTRIES Goldsboro, MD	HOMELESS SHELTER PROGRAM	$115,000
COMPASS REGIONAL HOSPICE Centreville, MD	HOSPICE CARE, SUPPORTIVE CARE AND GRIEF SUPPORT	$100,000
AARON'S PLACE Preston, MD	FOOD INSECURITES AND HEALTH DISPARITIES	$70,000
CAROLINE COUNTY PUBLIC SCHOOLS Denton, MD	BACK PACKS	$60,000
CHOPTANK COMMUNITY HEALTH SYSTEM Denton, MD	ENHANCING DENTAL TECHNOLOGIES	$60,000
YMCA OF THE CHESAPEAKE Denton, MD	ACCESS FOR ALL IN CAROLINE COUNTY	$60,000
FOR ALL SEASONS Easton, MD	OPEN ACCESS	$50,000
COMMUNITY CIVIC LEAGUE OF FEDERALSBURG Federalsburg, MD	COMMUNITY PANTRY	$45,150
FRIENDS OF THE GRAPE DBA CHESAPEAKE CULINARY CENTER Denton, MD	HUNGER COORDINATORS	$35,000

Leadership & Key People

Leadership team and compensation from IRS filings

Terry Mead – Board President

The foundation is governed by a 13-member volunteer board of directors composed of Caroline County residents.

Compensation Overview

No officer or director reported compensation in the available filings.

From 2025 IRS filing

Name	Title	Hours	Compensation
Terry Mead	President	1	—
Robert E Jarrell Esq	Vice-President	1	—
Rebecca Loukides	Treasurer	1	—
Berl Lovelace	Secretary	1	—
Wayne a Cole	Director	1	—
Chrissy Bartz	Director	1	—
Tony J Gianninoto	Director	1	—
Rick Harris	Director	1	—
Mikie Phillips	Director	1	—
Glen Plutschak	Director	1	—
Maggie Tarrant	Director	1	—
Michele Wayman	Director	1	—
Richard Wheatley	Director	1	—

Recent News & Activity

Recent developments and announcements

2024

The Caroline Foundation celebrated its 10th year of community grantmaking by awarding $1 million to 26 nonprofit organizations during the annual Caroline Foundation Awards Breakfast held in November 2024. This cycle was noted as the most competitive in the foundation's history.

The Caroline Foundation, Inc.

Over the past nine years, the foundation has distributed $5.8 million in the form of 168 grants to 40 local nonprofits providing health-related services to county residents.

Caroline Foundation Awards $1 Million in Grants to 26 Caroline County Nonprofits

Recent grant recipients have included organizations addressing food insecurity, homelessness, hospice care, mental health services, dental health, aging services, and emergency assistance for residents in need.

Caroline Foundation Grant Recipient Spotlight: Upper Shore Aging - Caroline

Frequently Asked Questions

What does The Caroline Foundation Inc fund?

The foundation's mission is to award grants to nonprofit organizations that provide medical and/or health-related services to residents of Caroline County. The foundation does not fund capital projects.