The Charles M Caravati Foundation
The Charles M Caravati Foundation is a private family foundation based in Manakin Sabot, Virginia. Established in 1992, the foundation operates as a 501(c)(3) organization with no employees.
Key facts about The Charles M Caravati Foundation
- EIN
- 54-6312421
- Latest 990 filing
- Form 990-PF, 2024
- Annual giving (2024)
- $74,307
- Grants made (2024)
- 77
- Average grant
- $965
- Median grant
- $500
- New grantees (estimate)
- 8% first-time grantees (6 of 77, 2024)
- Total assets
- $1,203,221
- Primary geography
- Virginia (86% of itemized 2024 grant dollars)
Data from IRS Form 990-PF, 2024; updated September 2026. New grantees are estimated by matching recipient names across years (methodology).
Who The Charles M Caravati Foundation funds
By grant dollars, the top recipient states for The Charles M Caravati Foundation's 77 itemized 2024 grants were Virginia (86%). The most frequent recipient cities were Richmond, VA (41 grants), Goochland, VA (5 grants), Charlottesville, VA (2 grants) and Glen Allen, VA (2 grants). None of its 77 grants with a stated purpose were described as general or operating support. Recurring purposes include "Donation" (77 grants).
Is The Charles M Caravati Foundation open to new grantees?
8%
first-time grantees, 2024
In 2024, 6 of 77 grantees (8%) were first-time recipients. First grants averaged $567; repeat grants $999. How we count
Medians: $500 first-time, $500 repeat.
- 90% of 2024 grantees were also funded in 2023. Method
- Giving held roughly steady from 2021 to 2024 (+0%). Method
- In 2024 it paid out 107% of its IRS minimum distribution (the 5% rule). Method
Estimate from itemized IRS Form 990-PF grant lists (2020–2024). Recipient names are matched across years, so a renamed or misspelled grantee can look new; grants to individuals are left out. Methodology.
Next steps with The Charles M Caravati Foundation
- How to evaluate The Charles M Caravati Foundation as a funder
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Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$1.2M
+3.0% YoY
Annual Giving
$74K
+8.0% YoY
Grant Count
77
+1.3% YoY
Avg Grant Size
$965.026
+6.6% YoY
Under IRS private-foundation payout rules, The Charles M Caravati Foundation reported a distributable amount of $71K for 2024 — the minimum it must pay out in qualifying distributions.
Mission & Focus Areas
The foundation's primary funding interests include:
- Education
- Philanthropy, Voluntarism & Grantmaking
- Human Services
Grantmaking
Ready to take the next step with The Charles M Caravati Foundation?
Geographic Focus
Where this funder awards grants
Grant Distribution by State
Share of all 77 itemized 2024 grant dollars.
States
Cities
Financial History
Multi-year comparison from IRS filings
- Total Assets: $1,168,526
- Total Annual Giving: $68,776
- Most Recent Filing: 2023 IRS Form 990
| Metric | 2024 | 2023 | 2022 |
|---|---|---|---|
| Total Assets | $1,203,221 | $1,168,526 | $1,165,092 |
| Revenue | $134,403 | $79,315 | $141,960 |
| Expenses | $77,757 | $75,881 | $63,195 |
| Qualifying Distributions | $75,567 | $70,962 | $60,817 |
| Net Investment Income | $109,902 | $74,396 | $139,582 |
| Distributable Amount | $70,773 | $63,119 | $63,601 |
Data update history
When this profile's IRS filing data changed on Grantable
- IRS filings on file for fiscal years 2020–2024
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
356 grants across all recorded years
Giving History
Grant recipients and amounts by year
Among its reported 2024 grants, the largest recipients include Childfund International ($6,557), Goochland Cares ($6,000), University of Virginia ($4,200).
| Recipient | Purpose | Amount |
|---|---|---|
| CHILDFUND INTERNATIONAL Richmond, VA | DONATION | $6,557 |
| GOOCHLAND CARES Goochland, VA | DONATION | $6,000 |
| UNIVERSITY OF VIRGINIA Charlottesville, VA | DONATION | $4,200 |
| ELK HILL Goochland, VA | DONATION | $4,000 |
| MONASTERY OF THE VISITATION Rockville, VA | DONATION | $4,000 |
| ST BRIDGET CHURCH Richmond, VA | DONATION | $4,000 |
| ST CHRISTOPHER'S SCHOOL Richmond, VA | DONATION | $3,600 |
| CRISTO REY RICHMOND HIGH SCHOOL Richmond, VA | DONATION | $2,000 |
| MCV FOUNDATION Richmond, VA | DONATION | $2,000 |
| NORTH STAR ACADEMY Richmond, VA | DONATION | $2,000 |
Leadership & Key People
Officers and directors from IRS filings
Compensation Overview
No officer or director reported compensation in the available filings.
From 2024 IRS filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| Charles M Caravati Jr | Co-Trustee | — | — |
| Charles M Caravati III | Co-Trustee | — | — |
Contact Information
- Address: 931 Broad Street Road, Manakin Sabot, VA 23103-2027
- Telephone: 804-784-4214
- EIN: 54-6312421
Frequently Asked Questions
What does The Charles M Caravati Foundation fund?
The foundation's primary funding interests include: • Education • Philanthropy, Voluntarism & Grantmaking • Human Services
How do I apply for a grant from The Charles M Caravati Foundation?
**Grant Amounts:** Typical awards range from $100 to $8,000. **Annual Giving:** The foundation distributed $68,776 in grants according to its most recent IRS Form 990 filing (2023). **Geographic Focus:** The foundation primarily supports organizations in Virginia, New York, and Florida.
What size grants does The Charles M Caravati Foundation award?
In 2024, The Charles M Caravati Foundation awarded 77 grants totaling $74K — an average of about $965.026 per grant, based on its IRS Form 990 filings.
How much is The Charles M Caravati Foundation required to give away each year?
Private foundations must generally distribute about 5% of their assets annually. For 2024, The Charles M Caravati Foundation reported a distributable amount of $71K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.
What is The Charles M Caravati Foundation's EIN?
The Charles M Caravati Foundation's EIN (Employer Identification Number) is 54-6312421. IRS Form 990 filing data is available on this page for 2020–2024.
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Data last updated September 2026. Sourced from IRS Form 990-PF filings. Research dossier generated April 2026.