The Cart Fund Inc
The CART Fund Inc is a public charity based in Sumter, South Carolina, that supports Alzheimer’s disease research. The organization’s website describes its approach as funding exploratory and developmental projects, including early-stage research plans that may lack extensive preliminary data but could substantially advance biomedical research.
The Cart Fund Inc at a glance
In short: The Cart Fund Inc gave $1.1M across 15 grants in 2025 (avg $73K), top state Massachusetts. 47% of 2025 grantees were new. Source: 2025 IRS Form 990.
- Annual giving (2025)
- $1,087,500
- -2.2% vs 2024
- Grants made (2025)
- 15
- +7.1% vs 2024
- Average grant
- $72,500
- -8.8% vs 2024
- Median grant
- $62,500
- Total assets
- $4,630,197
- +56.4% vs 2024
- New grantees (estimate)
- 47% first-time grantees (7 of 15, 2025; small sample)
- Primary geography
- Massachusetts (24% of itemized 2025 grant dollars)
- Latest 990 filing
- Form 990, 2025 View filing
Data from IRS Form 990, 2025; updated October 2026. New grantees are estimated by matching recipient names across years (methodology).
How to apply to The Cart Fund Inc
- How to Apply
-
The fund invites U.S.-based applicants to submit a letter of intent by email. Eligible applicants are full-time faculty, or people with equivalent status, at U.S. public or private institutions such as universities, colleges, hospitals, and laboratories. Applications are for new projects only; for-profit organizations, organizations outside the United States, and projects already supported by regular or program grants are ineligible. Projects may run for up to two years, with combined direct costs of up to $500,000; indirect costs are not allowed. The process includes scientific review, selection of up to 15 finalists to submit full applications, review-group recommendations, and final selection by the CART Fund Executive Committee.
- Review Cycle
- The listed 2025–2026 cycle is past. Its letter-of-intent deadline was December 5, 2025; finalists were to be notified January 9, 2026, submit full applications by February 13, 2026, and receive notification by March 31, 2026.
- Deadline
- The listed 2025–2026 cycle is past.
- Contact
Mailing address: PO Box 1916, Sumter, SC 29151
Phone: (803) 236-1438
Website: https://cartfund.org
Application details from Grantable's research on the foundation's public materials; confirm on its website before applying.
Open Grants
2 open opportunities from The Cart Fund Inc
Who The Cart Fund Inc funds
How this funder distributes its grants
Top Recipients
Top 10 recipients in 2025
The largest 2025 recipient was Brown University ($125K). Together the top 10 received $800K.
Grant Size Distribution
79 grants across all recorded years
The most common grant size was in the $50–100K range: 46 grants of 79 (58%).
Geographic Focus
Where this funder awards grants
The grant program is limited to applicants within the United States. In the 2025 filing, the largest shares of grant dollars went to recipients in Massachusetts (24%), Ohio (18%), Michigan (14%), Rhode Island (11%), and Texas (6%).
Grant Distribution by State
Share of 2025 grant dollars across all 15 itemized grants.
States
Cities
Is The Cart Fund Inc open to new grantees?
47%
first-time grantees, 2025
In 2025, 7 of 15 grantees (47%) were first-time recipients. With only 15 grantees, that is a small sample: one grantee more or less moves the share by about 7 points. First grants averaged $80K; repeat grants $66K. How we count
Medians: $63K first-time, $63K repeat.
- 40% of 2025 grantees were also funded in 2024. Method
- Giving held roughly steady from 2022 to 2025 (+17%). Method
Estimate from itemized grant lists in IRS Form 990 filings (2019–2025). Recipient names are matched across years, so a renamed or misspelled grantee can look new; grants to individuals are left out. Methodology.
Giving History
Giving Over Time
Total grant dollars and number of grants per year
From 2019 to 2025, annual grant giving ranged from $738K (2019) to $1.2M (2021). In 2025 it made 15 grants totaling $1.1M.
Grants by year
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| Brown University Providence, RI | — | $125,000 |
| Mass General Hospital Research Boston, MA | — | $125,000 |
| University of Michigan Ann Arbor, MI | — | $75,000 |
| Cleveland Clinic Foundation Cleveland, OH | — | $75,000 |
| Mass General Hospital Boston, MA | — | $75,000 |
| Michigan State University East Lansing, MI | — | $75,000 |
| University of South Florida Dallas, TX | — | $62,500 |
| Umass Chan Medical School Worcester, MA | — | $62,500 |
| Cold Spring Harbor Laboratory Cold Springs Harbor, NY | — | $62,500 |
| University of Miami Atlanta, GA | — | $62,500 |
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Financial History
Multi-year comparison from IRS filings
| Filing year | Total Assets | Revenue | Expenses | Grants paid | Grants | Net Investment Income |
|---|---|---|---|---|---|---|
| 2025 | $4,630,197 | $2,188,028 | $1,285,549 | $1,087,500 | 15 | $157,447 |
| 2024 | $2,959,857 | $1,290,912 | $1,115,169 | $1,112,500 | 14 | $83,243 |
| 2023 | $2,784,114 | $1,945,040 | $898,544 | $895,931 | 17 | $330 |
| 2022 | $1,737,618 | $808,184 | $954,759 | $931,250 | 17 | $-12,060 |
| 2021 | $1,992,612 | $1,074,036 | $1,242,147 | $1,235,761 | 16 | $26 |
| 2019 | $1,765,705 | $1,206,168 | $768,169 | $738,325 | 17 | $20,130 |
Research compiled by Grantable AI from public sources. Last updated October 2026.
Mission & Focus Areas
The organization’s stated mission is to raise funds for Alzheimer’s research. Its website describes a focus on exploratory and developmental Alzheimer’s disease research, particularly early, conceptual projects with potential to advance biomedical research. Proposals should be distinct from work in well-established areas unless they extend previous discoveries in new directions or applications.
The funder’s 2025 grants included universities, hospitals, and research organizations. Cold Spring Harbor Laboratory describes its own work as research in the biological sciences, particularly basic research in molecular biology and genetics. The University of Michigan describes its mission as representing and advocating for its member physicians, while Michigan State University describes its mission as helping students obtain college scholarships.
Grantmaking
The 2025 filing lists 15 grants totaling $1,087,500. Grants ranged from $50,000 to $125,000, with a median of $62,500. The organization’s website says it typically awards four to six grants per year; its homepage reports that it awarded ten recipients a total of $4.55 million in 2026.
The largest listed 2025 grants were $125,000 each to Brown University in Providence, Rhode Island, and Mass General Hospital Research in Boston, Massachusetts. Other listed awards included $75,000 each to the University of Michigan, Cleveland Clinic Foundation, Mass General Hospital, and Michigan State University; and $62,500 each to the University of South Florida, UMass Chan Medical School, Cold Spring Harbor Laboratory, University of Miami, Case Western Reserve University, and UCSF Main Depository.
Leadership & Key People
Leadership team and compensation from IRS filings
The 2025 filing lists Carol Burdette as president; Gary Goforth as vice president of grants; Johnny Hilton as vice president of finance; Charles Overby as treasurer; John Powell as secretary; and Jimmie Williamson as vice president.
The Cart Fund Inc is led by Carol Burdette, President since 2025 (on filings since 2023); none of the 6 officers listed in 2025 report compensation.
Officers on the 2025 filing
Carol Burdette
President
Vice President → President, 2025
On filings since 2023
No compensation reported
Gary Goforth
Vice President of Grants
Vice President of Grants → Vice President, 2021
Vice President → Vice President of Grants, 2025
On filings since 2019
No compensation reported
Johnny Hilton
Vice President of Financ
Vice President of Finance → Vice President, 2021
Vice President → Vice President of Financ, 2025
On filings since 2019
No compensation reported
Charles Overby
Treasurer
New on the 2025 filing
No compensation reported
Jimmie Williamson
Vice President
New on the 2025 filing
No compensation reported
John Powell
Secretary
New on the 2025 filing
No compensation reported
Former officers (10)
- Former: Angus McDuffie (2019–2024) — Treasurer
- Former: Rod Funderburk (2021–2024) — President
- Former: William Parker (2021–2024) — Director
- Former: Barbara Jaco (2023–2024) — Vice President
- Former: James Williamson (2023–2024) — Secretary
- Former: Margie Kersey (2019–2022) — Director
- Former: Woody Sadler (2019–2022) — President
- Former: Bill Parker (2019) — Secretary
- Former: Kathy Tuckey (2019) — Vice President
- Former: Tiffany Ervin (2019) — Vice President of Public Image
Data from IRS Form 990 filings, 2019–2025. "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 Cart Fund Inc
How much does The Cart Fund Inc give each year?
The Cart Fund Inc gave $1.1M across 15 grants in 2025, according to its 2025 IRS Form 990. In 2024 it gave $1.1M across 14 grants.
What is The Cart Fund Inc's typical grant size?
The Cart Fund Inc's median grant in 2025 was $62,500, and its average grant was $72,500, across 15 grants on its 2025 IRS Form 990. Organizations receiving their first grant from The Cart Fund Inc that year got $80K on average.
Where does The Cart Fund Inc give grants?
The Cart Fund Inc's top state is Massachusetts, with 24% of the grant dollars itemized on its 2025 IRS Form 990. The next largest states were Ohio (18%) and Michigan (14%). The most frequent recipient cities were Cleveland, OH (3 grants) and Boston, MA (2 grants).
Who are The Cart Fund Inc's largest grantees?
The Cart Fund Inc's largest 2025 grantees include Brown University ($125,000), Mass General Hospital Research ($125,000) and University of Michigan ($75,000), according to its 2025 IRS Form 990. Together they received 30% of its itemized 2025 grant dollars.
How large is The Cart Fund Inc?
The Cart Fund Inc reported $4.6M in total assets on its 2025 IRS Form 990. Its revenue that year was $2.2M.
What does The Cart Fund Inc fund?
The organization’s stated mission is to raise funds for Alzheimer’s research. Its website describes a focus on exploratory and developmental Alzheimer’s disease research, particularly early, conceptual projects with potential to advance biomedical research. See mission & focus areas ↑
How do I apply for a grant from The Cart Fund Inc?
The fund invites U.S.-based applicants to submit a letter of intent by email. Eligibility and process details are in the grantmaking section of this profile. See how to apply ↑
What is The Cart Fund Inc's EIN?
The Cart Fund Inc's EIN (Employer Identification Number) is 31-1466051. IRS Form 990 filing data is available on this page for 2019–2025.
Data last updated October 2026. Sourced from IRS Form 990 filings. Research dossier generated October 2026.
Data update history
(6)
When this profile's IRS filing data changed on Grantable
- Updated Form 990 for fiscal year 2021 (received by the IRS August 9, 2022)
- Updated Form 990 for fiscal year 2022 (received by the IRS November 15, 2022)
- Updated Form 990 for fiscal year 2023 (received by the IRS November 10, 2023)
- Updated Form 990 for fiscal year 2024 (received by the IRS February 13, 2025)
- Updated Form 990 for fiscal year 2025 (received by the IRS February 25, 2026)
- IRS filings on file for fiscal years 2019–2025
Explore Open Grants
Browse active grant opportunities in The Cart Fund Inc's focus areas in our free grants database
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Cite this profile
Grantable. (2026). The Cart Fund Inc funder profile. GrantGraph. Retrieved October 14, 2026, from https://grantable.co/funders/the-cart-fund-inc-morg_ad5cdf08e64c4c4baec49bce5e95f05b
BibTeX
@misc{grantable_311466051_2026,
author = {{Grantable}},
title = {{The Cart Fund Inc funder profile}},
howpublished = {GrantGraph},
year = {2026},
url = {https://grantable.co/funders/the-cart-fund-inc-morg_ad5cdf08e64c4c4baec49bce5e95f05b},
note = {Accessed 2026-10-14. Data licensed CC BY 4.0}
}The figures on this page are open data under CC BY 4.0: reuse them with credit to Grantable and a link. Download the data.
Figures come from The Cart Fund Inc'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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