The Foundation of Carlo Inc is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in ALBUQUERQUE, NM. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $2.0M in total assets. In 2024, it awarded 7 grants totaling $110K. Net investment income was $113K.
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$2.0M
+0.1% YoY
Annual Giving
$110K
+9.5% YoY
Grant Count
7
+0.0% YoY
Avg Grant Size
$16K
+9.5% YoY
Under IRS private-foundation payout rules, The Foundation of Carlo Inc reported a distributable amount of $115K for 2024 — the minimum it must pay out in qualifying distributions.
About The Foundation of Carlo Inc
Based on IRS filings
The Foundation of Carlo Inc is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in ALBUQUERQUE, NM. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $2.0M in total assets. In 2024, it awarded 7 grants totaling $110K. Net investment income was $113K.
Focus Areas
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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
| Metric | 2024 | 2023 | 2022 |
|---|---|---|---|
| Total Assets | $2,043,647 | $2,042,145 | $1,830,253 |
| Revenue | $112,924 | $311,892 | $360,783 |
| Expenses | $111,422 | $100,000 | $102,179 |
| Qualifying Distributions | $109,550 | $100,000 | $100,000 |
| Net Investment Income | $112,924 | $81,892 | $20,783 |
| Distributable Amount | $114,863 | $105,949 | $93,357 |
Giving Over Time
Total grant dollars and number of grants per year
Grant Insights
How this funder distributes its grants
Top Recipients
Top 7 recipients in 2024
Grant Size Distribution
32 grants across all recorded years
Giving History
Grant recipients and amounts by year
Among its reported 2024 grants, the largest include The Vancouver Foundation ($38,500), Cardinal's Circle-inner City Catholic Schools ($15,000), Houston Area Women's Center Inc ($15,000).
| Recipient | Purpose | Amount |
|---|---|---|
| CARDINAL'S CIRCLE-INNER CITY CATHOLIC SCHOOLS HOUSTON, TX | HELPING PEOPLE IN SOUTHEAST TEXAS BY PROVIDING CARING, COMPASSIONATE SERVICES AND ADVOCATING FOR SOCIAL JUSTICE. | $15,000 |
| CATHOLIC CHARITIES ALBUQUERQUE, NM | TO IMPROVE THE LIVES OF THE NEEDY, FIGHT POVERTY,AND BUILD COMMUNITY IN THE CITY OF ALBUQUERQUE, NEW MEXICO. | $11,000 |
| HEADING HOME-CITY OF ALBUQUERQUE ALBUQUERQUE, NM | TO PROVIDE EMERGENCY HOUSING, TRANSITIONAL SERVICES, AND PERMANENT HOUSING TO MAKE HOMELESSNESS RARE, SHORT LIVED, AND NONRECURRING. | $11,000 |
| HOUSTON AREA WOMEN'S CENTER INC HOUSTON, TX | PROVIDE SUPPORT FOR WOMEN IN NEED. | $15,000 |
| SISTERS OF CHARITY OUTREACH | TO PROVIDE HOPE, DIGNITY, AND MEANINGFUL ASSISTANCE TO THOSE WHO RECEIVE LITTLE TO NO HELP FROM OTHER SOURCES. | $11,000 |
| THE VANCOUVER FOUNDATION | TO SUPPORT INITIATIVES THAT WILL BUILD A LASTING LEGACY OF HEALTHY, VIBRANT, AND LIVABLE COMMUNITIES THROUGHOUT BRITISH COLUMBIA. | $38,500 |
| CATHOLIC CHARITIES HOUSTON, TX | TO IMPROVE THE LIVES OF THE NEEDY, FIGHT POVERTY, AND BUILD COMMUNITY IN THE CITY OF HOUSTON, TEXAS. | $8,000 |
Leadership & Key People
Officers and directors from IRS filings
Compensation Overview
From 2024 IRS filing
From 2024 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| VICTOR J BACHECHI | DIRECTOR, PRESIDENT | 1 | — |
| ROBERTO FIORVENTO | DIRECTOR, VICE PRESIDENT | 1 | — |
| KARL W GUSTAFSON | DIRECTOR, SECRETARY/TREASU | 1 | — |
Subject Areas
Focus areas based on grantmaking activity
Frequently Asked Questions
What is The Foundation of Carlo Inc?
The Foundation of Carlo Inc is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in ALBUQUERQUE, NM. It holds $2.0M in total assets as of 2024.
How large is The Foundation of Carlo Inc?
As of 2024, The Foundation of Carlo Inc holds $2.0M in total assets with $113K in annual revenue. It awarded 7 grants totaling $110K in 2024.
Where does The Foundation of Carlo Inc operate?
The Foundation of Carlo Inc has awarded grants in New Mexico, Texas.
What size grants does The Foundation of Carlo Inc award?
In 2024, The Foundation of Carlo Inc awarded 7 grants totaling $110K — an average of about $16K per grant, based on its IRS Form 990 filings.
How much is The Foundation of Carlo Inc required to give away each year?
Private foundations must generally distribute about 5% of their assets annually. For 2024, The Foundation of Carlo Inc reported a distributable amount of $115K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.
What is The Foundation of Carlo Inc's EIN?
The Foundation of Carlo Inc's EIN (Employer Identification Number) is 20-8875029. IRS Form 990 filing data is available on this page for 2020–2024.
Explore Open Grants
Browse active grant opportunities in The Foundation of Carlo Inc's focus areas in our free grants database
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Data last updated April 2026. Sourced from IRS Form 990-PF filings.
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