The Carter Family Foundation is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in GARFIELD, AR. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $219K in total assets. In 2024, it awarded 11 grants totaling $63K. Net investment income was $75K.
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$219K
+5.0% YoY
Annual Giving
$63K
+108.3% YoY
Grant Count
11
+10.0% YoY
Avg Grant Size
$6K
+89.4% YoY
Under IRS private-foundation payout rules, The Carter Family Foundation reported a distributable amount of $14K for 2024 — the minimum it must pay out in qualifying distributions.
About The Carter Family Foundation
Based on IRS filings
The Carter Family Foundation is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in GARFIELD, AR. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $219K in total assets. In 2024, it awarded 11 grants totaling $63K. Net investment income was $75K.
Focus Areas
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Geographic Focus
Where this funder awards grants
Grant Distribution by State
Cities
Financial History
Multi-year comparison from IRS filings
| Metric | 2024 | 2023 | 2022 |
|---|---|---|---|
| Total Assets | $218,970 | $208,528 | $211,379 |
| Revenue | $75,570 | $29,163 | $32,731 |
| Expenses | $65,128 | $32,014 | $27,269 |
| Qualifying Distributions | — | — | $27,269 |
| Net Investment Income | $75,473 | $24,132 | — |
| Distributable Amount | $14,473 | $15,373 | $13,270 |
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
38 grants across all recorded years
Giving History
Grant recipients and amounts by year
Among its reported 2024 grants, the largest include McKinney Christian Academy ($12,000), Rescue 1 Global ($10,000), Operation Underground Railroad ($10,000).
| Recipient | Purpose | Amount |
|---|---|---|
| McKinney Christian Academy McKinney, TX | To further its exempt purposes | $12,000 |
| Mercury One Irving, TX | To further its exempt purposes | $4,500 |
| A21 USA Inc Fort Worth, TX | To further its exempt purposes | $2,000 |
| Rescue 1 Global Brentwood, TN | To further its exempt purposes | $10,000 |
| Operation Underground Railroad Cedar City, UT | To further its exempt purposes | $10,000 |
| The Nazarene Fund Providence, UT | To further its exempt purposes | $8,000 |
| PreBorn Indianapolis, IN | To further its exempt purposes | $10,000 |
| Cross Church Rogers, AR | To further its exempt purposes | $2,000 |
| ChildFund International USA Merrifield, VA | To further its exempt purposes | $2,000 |
| Compassion International Inc Colorado Springs, CO | To further its exempt purposes | $1,000 |
Leadership & Key People
Officers and directors from IRS filings
Compensation Overview
From 2024 IRS filing
From 2024 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| Duane Carter | Chairman-CEO | 1 | — |
| Lynn Carter | Secretary-Treasurer | 1 | — |
| Alexander Carter | Director | 0.2 | — |
| Zachary Carter | Director | 0.2 | — |
| Gabriel Carter | Director | 0.2 | — |
Subject Areas
Focus areas based on grantmaking activity
Frequently Asked Questions
What is The Carter Family Foundation?
The Carter Family Foundation is a nonprofit organization focused on Philanthropy, Voluntarism & Grantmaking, based in GARFIELD, AR. It holds $219K in total assets as of 2024.
How large is The Carter Family Foundation?
As of 2024, The Carter Family Foundation holds $219K in total assets with $76K in annual revenue. It awarded 11 grants totaling $63K in 2024.
Where does The Carter Family Foundation operate?
The Carter Family Foundation has awarded grants in Arkansas, Colorado, Indiana, Michigan, Tennessee, Texas, Utah, Virginia.
What size grants does The Carter Family Foundation award?
In 2024, The Carter Family Foundation awarded 11 grants totaling $63K — an average of about $6K per grant, based on its IRS Form 990 filings.
How much is The Carter Family Foundation required to give away each year?
Private foundations must generally distribute about 5% of their assets annually. For 2024, The Carter Family Foundation reported a distributable amount of $14K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.
What is The Carter Family Foundation's EIN?
The Carter Family Foundation's EIN (Employer Identification Number) is 84-1846685. IRS Form 990 filing data is available on this page for 2020–2024.
Explore Open Grants
Browse active grant opportunities in The Carter Family 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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