The Charles M Caravati Foundation
The Charles M Caravati Foundation is a private foundation based in Manakin Sabot, Virginia. It is a Form 990-PF filer and made 80 grants totaling $67,750 in filing year 2025.
The Charles M Caravati Foundation at a glance
In short: The Charles M Caravati Foundation gave $68K across 80 grants in 2025 (avg $846.875), mostly in Virginia. 9% of 2025 grantees were new. Source: 2025 IRS Form 990-PF.
- Annual giving (2025)
- $67,750
- -8.8% vs 2024
- Grants made (2025)
- 80
- +3.9% vs 2024
- Average grant
- $847
- -12.2% vs 2024
- Median grant
- $500
- Total assets
- $1,406,995
- +16.9% vs 2024
- New grantees (estimate)
- 9% first-time grantees (7 of 80, 2025)
- Primary geography
- Virginia (84% of itemized 2025 grant dollars)
- Latest 990 filing
- Form 990-PF, 2025 View filing
Data from IRS Form 990-PF, 2025; updated October 2026. New grantees are estimated by matching recipient names across years (methodology).
How to apply to The Charles M Caravati Foundation
- How to Apply
-
The 2025 filing lists Charles Caravati III as the contact and requests a letter-format application. It states that there are no deadlines and no restrictions on awards. The filing also says the foundation does not restrict giving to preselected organizations.
- Contact
Application contact: Charles Caravati Iii
Mailing address: 941 Broad Street, Manakinsabot, VA 23103
Phone: (804) 784-4214
Application details from Grantable's research on the foundation's public materials; confirm on its website before applying.
Who The Charles M Caravati Foundation funds
How this funder distributes its grants
Top Recipients
Top 10 recipients in 2025
The largest 2025 recipient was Childfund International ($5K). Together the top 10 received $31K.
Grant Size Distribution
367 grants across all recorded years
The most common grant size was under $50K: 367 grants of 367 (100%).
Geographic Focus
Where this funder awards grants
In 2025, 84% of grant dollars went to recipients in Virginia. Florida and North Carolina each received 4%, while South Carolina and New York each received 2%.
Grant Distribution by State
Share of 2025 grant dollars across all 80 itemized grants.
States
Cities
Is The Charles M Caravati Foundation open to new grantees?
9%
first-time grantees, 2025
In 2025, 7 of 80 grantees (9%) were first-time recipients. First grants averaged $871; repeat grants $845. How we count
Medians: $300 first-time, $500 repeat.
- 88% of 2025 grantees were also funded in 2024. Method
- Giving held roughly steady from 2022 to 2025 (+13%). Method
- In 2025 it paid out 90% of its IRS minimum distribution (the 5% rule). Foundations have until the end of the next year to meet it. Method
Estimate from itemized grant lists in IRS Form 990-PF filings (2019–2025). Recipient names are matched across years, so a renamed or misspelled grantee can look new; grants to individuals are left out. Methodology.
Giving History
Giving Over Time
Total grant dollars and number of grants per year
From 2019 to 2025, annual grant giving ranged from $60K (2022) to $74K (2021). In 2025 it made 80 grants totaling $68K.
Grants by year
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| Childfund International Richmond, VA | Donation | $5,000 |
| Elk Hill Farm Goochland, VA | Donation | $4,000 |
| St Bridget Church Richmond, VA | Donation | $4,000 |
| North Star Academy Richmond, VA | Donation | $3,500 |
| Goochland Cares Goochland, VA | Donation | $3,000 |
| Monastery of the Visitation Rockville, VA | Donation | $3,000 |
| Anna Julia Cooper School Richmond, VA | Donation | $2,000 |
| Cristo Rey Richmond High School Richmond, VA | Donation | $2,000 |
| MCV Foundation Richmond, VA | Donation | $2,000 |
| St Christopher's School Richmond, VA | Donation | $2,000 |
Ready to take the next step with The Charles M Caravati Foundation?
Financial History
Multi-year comparison from IRS filings
| Filing year | Total Assets | Revenue | Expenses | Grants paid | Grants | Qualifying Distributions | Net Investment Income | Distributable Amount |
|---|---|---|---|---|---|---|---|---|
| 2025 | $1,406,995 | $277,056 | $73,282 | $67,750 | 80 | $69,110 | $122,884 | $76,889 |
| 2024 | $1,203,221 | $134,403 | $77,757 | $74,307 | 77 | $75,567 | $109,902 | $70,773 |
| 2023 | $1,168,526 | $79,315 | $75,881 | $68,776 | 76 | $70,962 | $74,396 | $63,119 |
| 2022 | $1,165,092 | $141,960 | $63,195 | $59,700 | 67 | $60,817 | $139,582 | $63,601 |
| 2021 | $1,086,327 | $54,405 | $77,120 | $74,364 | 67 | $75,420 | $50,567 | $67,500 |
| 2020 | $1,109,042 | $39,968 | $66,034 | $62,212 | 69 | — | $37,092 | $56,052 |
| 2019 | $1,135,108 | $95,204 | $62,948 | $60,633 | 55 | — | $90,086 | $55,927 |
Under IRS private-foundation payout rules, The Charles M Caravati Foundation reported a distributable amount of $77K for 2025 — the minimum it must pay out in qualifying distributions.
Research compiled by Grantable AI from public sources. Last updated September 2026.
Mission & Focus Areas
No mission statement for the foundation is provided. Its 2025 grantees describe work that includes supporting children and families: Elk Hill Farm says it helps children and families turn overwhelming challenges into successful futures, while St. Joseph’s Villa says it provides children with special needs and their families opportunities to succeed.
Education is also represented among the grantees. Anna Julia Cooper School says it provides full-tuition scholarships to K–8 students, primarily in Richmond’s East End. Cristo Rey Richmond High School describes its work as educating young people of limited economic means through college-preparatory instruction and work-study experience. Other 2025 recipients include organizations serving students in Petersburg and people with health or rehabilitation needs.
Grantmaking
In filing year 2025, the foundation made 80 grants totaling $67,750. Grant amounts ranged from $100 to $5,000, with a median of $500. The largest listed awards included $5,000 to ChildFund International; $4,000 each to Elk Hill Farm and St Bridget Church; $3,500 to North Star Academy; and $3,000 each to Goochland Cares and the Monastery of the Visitation. The filing lists the purposes of these grants as donations.
Leadership & Key People
Leadership team and compensation from IRS filings
Charles M Caravati III is listed as trustee on the 2025 filing.
The Charles M Caravati Foundation is led by Charles M. Caravati III, Trustee since 2025 (on filings since 2019) — the only officer listed, and uncompensated.
Officers on the 2025 filing
Charles M. Caravati III
Trustee
Co-Trustee → Trustee, 2025
On filings since 2019
No compensation reported
Former officers (1)
- Former: Charles M. Caravati Jr. (2019–2024) — Co-Trustee
Data from IRS Form 990 filings, 2019–2025. "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 Charles M Caravati Foundation
How much does The Charles M Caravati Foundation give each year?
The Charles M Caravati Foundation gave $68K across 80 grants in 2025, according to its 2025 IRS Form 990-PF. In 2024 it gave $74K across 77 grants.
What is The Charles M Caravati Foundation's typical grant size?
The Charles M Caravati Foundation's median grant in 2025 was $500, and its average grant was $847, across 80 grants on its 2025 IRS Form 990-PF. Organizations receiving their first grant from The Charles M Caravati Foundation that year got $871 on average.
Where does The Charles M Caravati Foundation give grants?
The Charles M Caravati Foundation gives mostly in Virginia: 84% of the grant dollars itemized on its 2025 IRS Form 990-PF went to recipients there. The most frequent recipient cities were Richmond, VA (42 grants), Goochland, VA (5 grants), St. Louis, MO (3 grants) and Charlottesville, VA (2 grants).
Does The Charles M Caravati Foundation give general operating support?
Not in 2025: none of the 80 grants with a stated purpose on The Charles M Caravati Foundation's 2025 IRS Form 990-PF were described as general or operating support. Recurring purposes include "Donation" (80 grants).
Who are The Charles M Caravati Foundation's largest grantees?
The Charles M Caravati Foundation's largest 2025 grantees include Childfund International ($5,000), Elk Hill Farm ($4,000) and St Bridget Church ($4,000), according to its 2025 IRS Form 990-PF. Together they received 19% of its itemized 2025 grant dollars.
How large is The Charles M Caravati Foundation?
The Charles M Caravati Foundation reported $1.4M in total assets on its 2025 IRS Form 990-PF. It paid out $69K in qualifying distributions that year, against a required minimum of $77K (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 does The Charles M Caravati Foundation fund?
No mission statement for the foundation is provided. Its 2025 grantees describe work that includes supporting children and families: Elk Hill Farm says it helps children and families turn overwhelming challenges into successful futures, while St. See mission & focus areas ↑
How do I apply for a grant from The Charles M Caravati Foundation?
The 2025 filing lists Charles Caravati III as the contact and requests a letter-format application. Eligibility and process details are in the grantmaking section of this profile. See how to apply ↑
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 2019–2025.
Data last updated October 2026. Sourced from IRS Form 990-PF filings. Research dossier generated September 2026.
Data update history
(7)
When this profile's IRS filing data changed on Grantable
- Updated Form 990-PF for fiscal year 2024 (received by the IRS May 6, 2025)
- Updated Form 990-PF for fiscal year 2025 (received by the IRS May 13, 2026)
- Added Form 990-PF for fiscal year 2019 (received by the IRS June 19, 2020)
- Updated Form 990-PF for fiscal year 2020 (received by the IRS May 13, 2021)
- Updated Form 990-PF for fiscal year 2021 (received by the IRS May 16, 2022)
- Updated Form 990-PF for fiscal year 2022 (received by the IRS May 11, 2023)
- Updated Form 990-PF for fiscal year 2023 (received by the IRS May 9, 2024)
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Cite this profile
Grantable. (2026). The Charles M Caravati Foundation funder profile. GrantGraph. Retrieved October 16, 2026, from https://grantable.co/funders/the-charles-m-caravati-foundation-morg_14ed684be693429ab0f799e07ca60b2b
BibTeX
@misc{grantable_546312421_2026,
author = {{Grantable}},
title = {{The Charles M Caravati Foundation funder profile}},
howpublished = {GrantGraph},
year = {2026},
url = {https://grantable.co/funders/the-charles-m-caravati-foundation-morg_14ed684be693429ab0f799e07ca60b2b},
note = {Accessed 2026-10-16. Data licensed CC BY 4.0}
}The figures on this page are open data under CC BY 4.0: reuse them with credit to Grantable and a link. Download the data.
Figures come from The Charles M Caravati Foundation's IRS filings (methodology). AI-written summaries, news items and logos are not covered by the open licence. Spot an error? Email hello@grantable.co.
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