The Foundation of Carlo Inc
The Foundation of Carlo Inc is a private foundation, 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.
The Foundation of Carlo Inc at a glance
In short: The Foundation of Carlo Inc gave $110K across 7 grants in 2024 (avg $16K), top state Texas. Source: 2024 IRS Form 990-PF.
- Annual giving (2024)
- $109,500
- +9.5% vs 2023
- Grants made (2024)
- 7
- +0.0% vs 2023
- Average grant
- $15,643
- +9.5% vs 2023
- Median grant
- $11,000
- Total assets
- $2,043,647
- +0.1% vs 2023
- Primary geography
- Texas (35% of itemized 2024 grant dollars)
- Latest 990 filing
- Form 990-PF, 2024 View filing
Data from IRS Form 990-PF, 2024; updated September 2026.
Who The Foundation of Carlo Inc funds
How this funder distributes its grants
Top Recipients
Top 6 recipients in 2024
The largest 2024 recipient was The Vancouver Foundation ($39K). Together the top 6 received $110K.
Grant Size Distribution
32 grants across all recorded years
The most common grant size was under $50K: 32 grants of 32 (100%).
Geographic Focus
Where this funder awards grants
Grant Distribution by State
Share of 2024 grant dollars across all 7 itemized grants.
States
Cities
How The Foundation of Carlo Inc gives
- Giving held roughly steady from 2021 to 2024 (+9%). Method
- In 2024 it paid out 95% 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 $56K (2020) to $110K (2024). In 2024 it made 7 grants totaling $110K.
Grants by year
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| The Vancouver Foundation | To support initiatives that will build a lasting legacy of healthy, vibrant, and livable communities throughout british columbia. | $38,500 |
| 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 |
| Houston Area Women's Center Inc Houston, TX | Provide Support for Women in Need. | $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 |
| Sisters of Charity Outreach | To provide hope, dignity, and meaningful assistance to those who receive little to no help from other sources. | $11,000 |
| Catholic Charities Houston, TX | To improve the lives of the needy, fight poverty, and build community in the city of houston, Texas. | $8,000 |
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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 | $2,043,647 | $112,924 | $111,422 | $109,500 | 7 | $109,550 | $112,924 | $114,863 |
| 2023 | $2,042,145 | $311,892 | $100,000 | $100,000 | 7 | $100,000 | $81,892 | $105,949 |
| 2022 | $1,830,253 | $360,783 | $102,179 | $100,000 | 6 | $100,000 | $20,783 | $93,357 |
| 2021 | $1,571,649 | $524,937 | $100,631 | $100,000 | 6 | $100,000 | $149,937 | $83,735 |
| 2020 | $1,147,343 | $167,866 | $57,271 | $56,000 | 6 | — | $45,366 | $64,719 |
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.
Leadership & Key People
Officers and directors from IRS filings
The Foundation of Carlo Inc is led by Victor J. Bachechi, Director & President on every filing since 2020; none of the 3 officers listed in 2024 report compensation.
Officers on the 2024 filing
Victor J. Bachechi
Director & President
On filings since 2020
1 hr/week
No compensation reported
Karl W. Gustafson
Director, Secretary & Treasurer
On filings since 2020
1 hr/week
No compensation reported
Roberto Fiorvento
Director & Vice President
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 Foundation of Carlo Inc
How much does The Foundation of Carlo Inc give each year?
The Foundation of Carlo Inc gave $110K across 7 grants in 2024, according to its 2024 IRS Form 990-PF. In 2023 it gave $100K across 7 grants.
What is The Foundation of Carlo Inc's typical grant size?
The Foundation of Carlo Inc's median grant in 2024 was $11,000, and its average grant was $15,643, across 7 grants on its 2024 IRS Form 990-PF.
Where does The Foundation of Carlo Inc give grants?
The Foundation of Carlo Inc's top state is Texas, with 35% of the grant dollars itemized on its 2024 IRS Form 990-PF. The next largest state was New Mexico (20%). The most frequent recipient cities were Houston, TX (3 grants) and Albuquerque, NM (2 grants).
Does The Foundation of Carlo Inc give general operating support?
Not in 2024: none of the 7 grants with a stated purpose on The Foundation of Carlo Inc's 2024 IRS Form 990-PF were described as general or operating support.
Who are The Foundation of Carlo Inc's largest grantees?
The Foundation of Carlo Inc's largest 2024 grantees include The Vancouver Foundation ($38,500), Catholic Charities ($19,000 across 2 grants) and Cardinal's Circle-Inner City Catholic Schools ($15,000), according to its 2024 IRS Form 990-PF. Together they received 66% of its itemized 2024 grant dollars.
How large is The Foundation of Carlo Inc?
The Foundation of Carlo Inc reported $2.0M in total assets on its 2024 IRS Form 990-PF. It paid out $110K in qualifying distributions that year, against a required minimum of $115K (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 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.
Data last updated September 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
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