The Carroll Family Foundation
The Carroll Family Foundation is a private foundation, based in Irvine, CA. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $132K in total assets. In 2024, it awarded 3 grants totaling $23K. Net investment income was $2K.
The Carroll Family Foundation at a glance
In short: The Carroll Family Foundation gave $23K across 3 grants in 2024 (avg $8K), mostly in California. Source: 2024 IRS Form 990-PF.
- Annual giving (2024)
- $22,591
- -36.5% vs 2023
- Grants made (2024)
- 3
- -70.0% vs 2023
- Average grant
- $7,530
- +111.8% vs 2023
- Median grant
- $2,591
- Total assets
- $131,905
- +14.5% vs 2023
- Primary geography
- California (98% of itemized 2024 grant dollars)
- Latest 990 filing
- Form 990-PF, 2024 View filing
Data from IRS Form 990-PF, 2024; updated September 2026.
Who The Carroll Family Foundation funds
How this funder distributes its grants
Top Recipients
Top 3 recipients in 2024
The largest 2024 recipient was Sage Hill School ($20K). Together the top 3 received $23K.
Grant Size Distribution
28 grants across all recorded years
The most common grant size was under $50K: 28 grants of 28 (100%).
Geographic Focus
Where this funder awards grants
Grant Distribution by State
Share of 2024 grant dollars across all 3 itemized grants.
Cities
How The Carroll Family Foundation gives
- Giving held roughly steady from 2021 to 2024 (+14%). Method
- In 2024 it paid out 439% 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
From 2020 to 2024, annual grant giving ranged from $5K (2020) to $36K (2023). In 2024 it made 3 grants totaling $23K.
Grants by year
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| Sage Hill School Newport Coast, CA | Education | $19,500 |
| OLQA School Newport Beach, CA | Education | $2,591 |
| Babylon United Methodist Church Babylon, NY | Church support | $500 |
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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 |
|---|---|---|---|---|---|---|---|---|
| 2024 | $131,905 | $42,194 | $25,474 | $22,591 | 3 | $23,978 | $1,798 | $5,466 |
| 2023 | $115,185 | $42,016 | $35,612 | $35,554 | 10 | $35,566 | $2,838 | $4,235 |
| 2022 | $108,781 | $38,111 | $25,151 | $23,550 | 4 | $24,305 | $4,477 | $3,822 |
| 2021 | $95,821 | $40,267 | $20,012 | $19,895 | 7 | $19,930 | $2,632 | $3,522 |
| 2020 | $75,566 | $31,293 | $8,191 | $4,625 | 4 | — | $1,907 | $2,516 |
Under IRS private-foundation payout rules, The Carroll Family Foundation reported a distributable amount of $5K for 2024 — the minimum it must pay out in qualifying distributions.
Leadership & Key People
Officers and directors from IRS filings
The Carroll Family Foundation is led by Michael C Carroll, President & Secretary on every filing since 2020; none of the 2 officers listed in 2024 report compensation.
Officers on the 2024 filing
Michael C Carroll
President & Secretary
On filings since 2020
1 hr/week
No compensation reported
Bernice Carroll
Vice President & Treasurer
On filings since 2020
No compensation reported
Data from IRS Form 990 filings, 2020–2024. "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 Carroll Family Foundation
How much does The Carroll Family Foundation give each year?
The Carroll Family Foundation gave $23K across 3 grants in 2024, according to its 2024 IRS Form 990-PF. In 2023 it gave $36K across 10 grants.
What is The Carroll Family Foundation's typical grant size?
The Carroll Family Foundation's median grant in 2024 was $2,591, and its average grant was $7,530, across 3 grants on its 2024 IRS Form 990-PF.
Where does The Carroll Family Foundation give grants?
The Carroll Family Foundation gives mostly in California: 98% of the grant dollars itemized on its 2024 IRS Form 990-PF went to recipients there.
Does The Carroll Family Foundation give general operating support?
Not in 2024: none of the 3 grants with a stated purpose on The Carroll Family Foundation's 2024 IRS Form 990-PF were described as general or operating support.
How large is The Carroll Family Foundation?
The Carroll Family Foundation reported $132K in total assets on its 2024 IRS Form 990-PF. It paid out $24K in qualifying distributions that year, against a required minimum of $5K (roughly 5% of its investment assets).
What is The Carroll Family Foundation's EIN?
The Carroll Family Foundation's EIN (Employer Identification Number) is 47-5419613. IRS Form 990 filing data is available on this page for 2020–2024.
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
- IRS filings on file for fiscal years 2020–2024
Live grants for the work The Carroll Family Foundation funds
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