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.
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
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Geographic Focus
Where this funder awards grants
Grant Distribution by State
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 |
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
250 grants across all recorded years
Giving History
Grant recipients and amounts by year
Among its reported 2024 grants, the largest include Childfund International ($6,557), Goochland Cares ($6,000), Elk Hill ($4,000).
| Recipient | Purpose | Amount |
|---|---|---|
| ANNA JULIA COOPER SCHOOL RICHMOND, VA | DONATION | $1,000 |
| BASILICA OF THE SHRINE WASHINGTON, DC | DONATION | $200 |
| BENEDICTINE MONKS RICHMOND, VA | DONATION | $100 |
| BETTER HOUSING COALITION RICHMOND, VA | DONATION | $200 |
| BLUE SKY FUND RICHMOND, VA | DONATION | $300 |
| BOY SCOUTS HEART OF VA COUNCIL RICHMOND, VA | DONATION | $500 |
| BOYS AND GIRLS CLUBS OF METRO RICHM RICHMOND, VA | DONATION | $400 |
| CATHOLIC DIOCESE OF RICHMOND RICHMOND, VA | DONATION | $500 |
| CHILDFUND INTERNATIONAL RICHMOND, VA | DONATION | $6,557 |
| CHILDREN'S HOSPITAL FOUNDATION RICHMOND, VA | DONATION | $200 |
Leadership & Key People
Officers and directors from IRS filings
Compensation Overview
From 2024 IRS filing
From 2024 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.
Explore Open Grants
Browse active grant opportunities in The Charles M Caravati Foundation's focus areas in our free grants database
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Data last updated June 2026. Sourced from IRS Form 990-PF filings. Research dossier generated April 2026.