The Carter Family Charitable Trust

LITTLE COMPTON, RI EIN: 05-6093256

The Carter Family Charitable Trust is a private foundation, based in LITTLE COMPTON, RI. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $43.9M in total assets. In 2024, it awarded 1 grants totaling $2.1M. Net investment income was $1.0M.

Financial Overview

From 2024 IRS Form 990-PF · View filing

Total Assets

$43.9M

-4.2% YoY

Annual Giving

$2.1M

-8.9% YoY

Grant Count

+0.0% YoY

Avg Grant Size

$2.1M

-8.9% YoY

Under IRS private-foundation payout rules, The Carter Family Charitable Trust reported a distributable amount of $2.3M for 2024 — the minimum it must pay out in qualifying distributions.

About The Carter Family Charitable Trust

Based on IRS filings

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Geographic Focus

Where this funder awards grants

Grant Distribution by State

Rhode Island $9.7M (100%)

States

Rhode Island

Cities

Little ComptonProvidence

Financial History

Multi-year comparison from IRS filings

Revenue

Expenses

Qualifying Distributions

Net Investment Income

Metric	2024	2023	2022
Total Assets	$43,897,917	$45,813,205	$46,177,642
Revenue	$811,820	$1,275,934	$4,994,922
Expenses	$2,727,108	$2,906,080	$2,978,375
Qualifying Distributions	$2,326,815	$2,479,852	$2,429,632
Net Investment Income	$1,001,692	$869,123	$2,455,054
Distributable Amount	$2,306,033	$2,271,555	$2,469,852

Giving Over Time

Total grant dollars and number of grants per year

Grant Insights

How this funder distributes its grants

Top Recipients

Top 1 recipients in 2024

Grant Size Distribution

8 grants across all recorded years

Giving History

Grant recipients and amounts by year

Among its reported 2024 grants, the largest include Rhode Island Foundation ($2,141,555).

Recipient	Purpose	Amount
RHODE ISLAND FOUNDATION PROVIDENCE, RI	GENERAL SUPPORT	$2,141,555

Leadership & Key People

Officers and directors from IRS filings

Compensation Overview

From 2024 IRS filing

From 2024 filing

Name	Title	Hours	Compensation
LETITIA M CARTER	TRUSTEE	5	—
RICHARD G SMALL	TRUSTEE	12	$110,000
JOHN S CARTER III	TRUSTEE	12	$100,000

Frequently Asked Questions

How large is The Carter Family Charitable Trust?

As of 2024, The Carter Family Charitable Trust holds $43.9M in total assets with $812K in annual revenue. It awarded 1 grants totaling $2.1M in 2024.

Where does The Carter Family Charitable Trust operate?

The Carter Family Charitable Trust has awarded grants in Rhode Island.

What size grants does The Carter Family Charitable Trust award?

In 2024, The Carter Family Charitable Trust awarded 1 grants totaling $2.1M — an average of about $2.1M per grant, based on its IRS Form 990 filings.

How much is The Carter Family Charitable Trust required to give away each year?

Private foundations must generally distribute about 5% of their assets annually. For 2024, The Carter Family Charitable Trust reported a distributable amount of $2.3M on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.

What is The Carter Family Charitable Trust's EIN?

The Carter Family Charitable Trust's EIN (Employer Identification Number) is 05-6093256. IRS Form 990 filing data is available on this page for 2020–2024.