The Carver Family Future Generation Foundation

Private foundation · Grantmaker Orange, CA EIN: 27-4293706

The Carver Family Future Generation Foundation is a private foundation, based in Orange, CA. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $7.7M in total assets. In 2024, it awarded 8 grants totaling $90K. Net investment income was $114K.

Key facts about The Carver Family Future Generation Foundation

In short: The Carver Family Future Generation Foundation gave $90K across 8 grants in 2024 (avg $11K), top state California. Source: 2024 IRS Form 990-PF.

EIN
27-4293706
Latest 990 filing
Form 990-PF, 2024
Annual giving (2024)
$90,000
Grants made (2024)
8
Average grant
$11,250
Median grant
$10,000
Total assets
$7,685,178
Primary geography
California (44% of itemized 2024 grant dollars)

Data from IRS Form 990-PF, 2024; updated October 2026.

Financial Overview

From 2024 IRS Form 990-PF · View filing

Total Assets

$7.7M

+80.6% YoY

Annual Giving

$90K

+13.8% YoY

Grant Count

8

-11.1% YoY

Avg Grant Size

$11K

+28.0% YoY

Under IRS private-foundation payout rules, The Carver Family Future Generation Foundation reported a distributable amount of $212K for 2024 — the minimum it must pay out in qualifying distributions.

How The Carver Family Future Generation Foundation gives

  • Giving fell 36% from 2021 to 2024. Method
  • In 2024 it paid out 42% of its IRS minimum distribution (the 5% rule). Foundations have until the end of the next year to meet it. Method

From the foundation's IRS Form 990-PF filings. Methodology.

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Geographic Focus

Where this funder awards grants

Grant Distribution by State

9states

Share of 2024 grant dollars across all 8 itemized grants.

Cities

OrangeJacksonSanta AnaSilveradoPlacentiaGarden GroveAnaheimAspenBuena ParkCinnaminsonCosta MesaDriggsIrvineMariettaMiami BeachMidway CityMoses LakeNewport BeachPhoenixPiscataway

Giving Over Time

Total grant dollars and number of grants per year

$0$200K$400K$600K13 grants2020 6 grants2021 14 grants2022 9 grants2023 8 grants2024

From 2020 to 2024, annual grant giving ranged from $79K (2023) to $567K (2020). In 2024 it made 8 grants totaling $90K.

Grant Insights

How this funder distributes its grants

Top Recipients

Top 6 recipients in 2024

Power of Goodness Foundation: $25KPower of Goodness Foundation$25KCASA Teresa: $15KCASA Teresa$15KJackson Hole Therapeutic Riding: $15KJackson Hole TherapeuticRiding$15KFriends of Driggs Reid Memorial Airport: $5KFriends of Driggs ReidMemorial Airport$5KFormerfedsgroup Freedom Foundation: $5KFormerfedsgroup FreedomFoundation$5KVanguard Womens Soccer: $5KVanguard Womens Soccer$5K

The largest 2024 recipient was Power of Goodness Foundation ($25K). Together the top 6 received $70K.

Organizations only. It also paid 2 grants to individuals ($20,000), which are not listed by name.

Grant Size Distribution

50 grants across all recorded years

45<$50K2$50–100K2$100–250K1$250–500K$500K–1M$1–5M$5M+

The most common grant size was under $50K: 45 grants of 50 (90%).

Giving History

Grant recipients and amounts by year

RecipientPurposeAmount
Power of Goodness Foundation Miami Beach, FLSupport for Families of Ukraine$25,000
CASA Teresa Orange, CASupport for local church - home with a heart golf tournament & gala$15,000
Jackson Hole Therapeutic Riding Teton Village, WYSponsorship - Stomping the Divots$15,000
2 grants to individuals Recipients not named —$20,000
Friends of Driggs Reid Memorial Airport Driggs, IDDonation to Organization$5,000
Formerfedsgroup Freedom Foundation Cinnaminson, NJDonation for Election Integrity Law Suit$5,000
Vanguard Womens Soccer Costa Mesa, CADonation for Giving Day Program$5,000

Financial History

Multi-year comparison from IRS filings

Revenue
Expenses
Qualifying Distributions
Net Investment Income
$0$1M$2M$3M$4M2020 2021 2022 2023 2024
Metric202420232022
Total Assets$7,685,178$4,254,248$2,751,514
Revenue$3,384,589$1,449,534$1,508,155
Expenses$119,213$102,019$402,284
Qualifying Distributions$90,000$79,100$384,355
Net Investment Income$114,464$32,931$13,196
Distributable Amount$211,944$55,788$100,829

Data update history

When this profile's IRS filing data changed on Grantable

  1. IRS filings on file for fiscal years 2020–2024

Leadership & Key People

Officers and directors from IRS filings

The Carver Family Future Generation Foundation is led by Michael Carver, President since 2021 (on filings since 2020); none of the 4 officers listed in 2024 report compensation.

Officers on the 2024 filing

  • Michael Carver

    President

    Director & President → President, 2021

    On filings since 2020

    1 hr/week

    No compensation reported

  • Austin Carver

    Director

    On filings since 2020

    0.1 hrs/week

    No compensation reported

  • Kasondra Carver Gonzalez

    Director

    On filings since 2020

    0.1 hrs/week

    No compensation reported

  • Brenda Carver

    Secretary & Treasurer

    Director, Secretary & Treasurer → Secretary & Treasurer, 2021

    On filings since 2020

    1 hr/week

    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 Carver Family Future Generation Foundation

How much does The Carver Family Future Generation Foundation give each year?

The Carver Family Future Generation Foundation gave $90K across 8 grants in 2024, according to its 2024 IRS Form 990-PF. In 2023 it gave $79K across 9 grants.

What is The Carver Family Future Generation Foundation's typical grant size?

The Carver Family Future Generation Foundation's median grant in 2024 was $10,000, and its average grant was $11,250, across 8 grants on its 2024 IRS Form 990-PF.

Where does The Carver Family Future Generation Foundation give grants?

The Carver Family Future Generation Foundation's top state is California, with 44% of the grant dollars itemized on its 2024 IRS Form 990-PF. The next largest states were Florida (28%) and Wyoming (17%).

Does The Carver Family Future Generation Foundation give general operating support?

Not in 2024: none of the 8 grants with a stated purpose on The Carver Family Future Generation Foundation's 2024 IRS Form 990-PF were described as general or operating support.

Who are The Carver Family Future Generation Foundation's largest grantees?

The Carver Family Future Generation Foundation's largest 2024 grantees include Power of Goodness Foundation ($25,000), CASA Teresa ($15,000) and Jackson Hole Therapeutic Riding ($15,000), according to its 2024 IRS Form 990-PF. It also paid 2 grants to individuals ($20,000), which are not listed by name. Together they received 61% of its itemized 2024 grant dollars.

How large is The Carver Family Future Generation Foundation?

The Carver Family Future Generation Foundation reported $7.7M in total assets on its 2024 IRS Form 990-PF. It paid out $90K in qualifying distributions that year, against a required minimum of $212K (roughly 5% of its investment assets). Falling short in one year is not a violation: foundations have until the end of the next year to meet the minimum.

What is The Carver Family Future Generation Foundation's EIN?

The Carver Family Future Generation Foundation's EIN (Employer Identification Number) is 27-4293706. IRS Form 990 filing data is available on this page for 2020–2024.

Data last updated October 2026. Sourced from IRS Form 990-PF filings.

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