The Carver Family Future Generation Foundation
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.
The Carver Family Future Generation Foundation at a glance
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.
- Annual giving (2024)
- $90,000
- +13.8% vs 2023
- Grants made (2024)
- 8
- -11.1% vs 2023
- Average grant
- $11,250
- +28.0% vs 2023
- Median grant
- $10,000
- Total assets
- $7,685,178
- +80.6% vs 2023
- Primary geography
- California (44% of itemized 2024 grant dollars)
- Latest 990 filing
- Form 990-PF, 2024 View filing
Data from IRS Form 990-PF, 2024; updated October 2026.
Who The Carver Family Future Generation Foundation funds
How this funder distributes its grants
Top Recipients
Top 6 recipients in 2024
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
The most common grant size was under $50K: 45 grants of 50 (90%).
Geographic Focus
Where this funder awards grants
Grant Distribution by State
Share of 2024 grant dollars across all 8 itemized grants.
Cities
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.
Giving History
Giving Over Time
Total grant dollars and number of grants per year
From 2020 to 2024, annual grant giving ranged from $79K (2023) to $567K (2020). In 2024 it made 8 grants totaling $90K.
Grants by year
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| Power of Goodness Foundation Miami Beach, FL | Support for Families of Ukraine | $25,000 |
| CASA Teresa Orange, CA | Support for local church - home with a heart golf tournament & gala | $15,000 |
| Jackson Hole Therapeutic Riding Teton Village, WY | Sponsorship - Stomping the Divots | $15,000 |
| 2 grants to individuals Recipients not named | — | $20,000 |
| Friends of Driggs Reid Memorial Airport Driggs, ID | Donation to Organization | $5,000 |
| Formerfedsgroup Freedom Foundation Cinnaminson, NJ | Donation for Election Integrity Law Suit | $5,000 |
| Vanguard Womens Soccer Costa Mesa, CA | Donation for Giving Day Program | $5,000 |
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Financial History
Multi-year comparison from IRS filings
| Filing year | Total Assets | Revenue | Expenses | Grants paid | Grants | Qualifying Distributions | Net Investment Income | Distributable Amount |
|---|---|---|---|---|---|---|---|---|
| 2024 | $7,685,178 | $3,384,589 | $119,213 | $90,000 | 8 | $90,000 | $114,464 | $211,944 |
| 2023 | $4,254,248 | $1,449,534 | $102,019 | $79,100 | 9 | $79,100 | $32,931 | $55,788 |
| 2022 | $2,751,514 | $1,508,155 | $402,284 | $384,355 | 14 | $384,355 | $13,196 | $100,829 |
| 2021 | $1,812,036 | $40,138 | $158,524 | $141,148 | 6 | $141,148 | $27,331 | $90,512 |
| 2020 | $1,863,700 | $260,381 | $585,773 | $566,723 | 13 | — | $42,654 | $103,039 |
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.
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.
Data update history
(1)
When this profile's IRS filing data changed on Grantable
- IRS filings on file for fiscal years 2020–2024
Live grants for the work The Carver Family Future Generation Foundation funds
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