The Carter Family Foundation
The Carter Family Foundation is a private, independent 501(c)(3) foundation established in 2005 and based in Wayzata, Minnesota. The foundation operates as a grantmaking organization with a mission rooted in Christian philanthropy and family legacy.
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$12.6M
-0.4% YoY
Annual Giving
$923K
-20.3% YoY
Grant Count
27
-43.8% YoY
Avg Grant Size
$34K
+41.7% YoY
Mission & Focus Areas
The foundation's mission is to live as ambassadors of God's grace for His glory. The foundation was established by Duane and Lynn Carter following the 2019 sale of their hospitality technology business.
Primary funding focus areas include:
- Education
- Rescue & Rehabilitation
- Child Protection
- Evangelism & Missions
- Natural Sciences
- Higher Education
The foundation emphasizes that 100% of charitable donations are directed to mission fields, with the Carter family covering all operating expenses.
Grantmaking
The foundation has also made 52 grants to Westminster Church and other organizations in recent years.
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Geographic Focus
Where this funder awards grants
The foundation primarily funds organizations in Minnesota, Texas, and Montana.
Grant Distribution by State
States
Cities
Financial History
Multi-year comparison from IRS filings
As of 2024:
- Total Assets: $12,586,814
- Total Revenues: $3,190,585
- Total Expenses: $1,047,205
- Total Liabilities: $0
As of 2023:
- Total Assets: $12.6M
- Total Revenues: $294,000
- Total Expenses: $1.24M
| Metric | 2024 | 2023 | 2022 |
|---|---|---|---|
| Total Assets | $12,586,814 | $12,639,625 | $12,396,198 |
| Revenue | $3,190,585 | $294,051 | $1,070,064 |
| Expenses | $1,047,205 | $1,236,593 | $1,434,453 |
| Qualifying Distributions | $925,281 | $1,164,327 | $1,376,591 |
| Net Investment Income | $2,992,370 | $221,780 | $152,659 |
| Distributable Amount | $136,318 | $646,471 | $320,839 |
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
223 grants across all recorded years
Giving History
Grant recipients and amounts by year
No grants recorded for .
Leadership & Key People
Leadership team and compensation from IRS filings
- Diana Carter — Director and Chief Executive Officer
Compensation Overview
From 2024 IRS filing
From 2024 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| Diana Clarke-Carter | Director/Chief Executive Officer | 0.25 | — |
| Robert Lowell Carter | Director/Officer | 0.25 | — |
| Alison Clarke Carter Brown | Director/Executive Director | 0.25 | — |
Contact Information
Address: 130 Spur Circle, Wayzata, MN 55391
Telephone: 763-390-4277
Subject Areas
Focus areas based on grantmaking activity
Related Funders
Similar funders by location and focus area
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Clearway Minnesota (sm)
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Data last updated April 2026. Sourced from IRS Form 990-PF filings. Research dossier generated April 2026.
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