The James and Margaret Carreras
The James and Margaret Carreras is a private foundation based in Midlothian, Virginia. In its 2025 filing, it reported grants to organizations in Virginia, including a $100,000 grant to Anna Julia Cooper Episcopal School and grants to local charitable organizations.
The James and Margaret Carreras at a glance
In short: The James and Margaret Carreras gave $201K across 14 grants in 2025 (avg $14K), mostly in Virginia. Source: 2025 IRS Form 990-PF.
- Annual giving (2025)
- $201,000
- +5.2% vs 2024
- Grants made (2025)
- 14
- -6.7% vs 2024
- Average grant
- $14,357
- +12.8% vs 2024
- Median grant
- $10,000
- Total assets
- $342,914
- -32.0% vs 2024
- Primary geography
- Virginia (100% of itemized 2025 grant dollars)
- Latest 990 filing
- Form 990-PF, 2025 View filing
Data from IRS Form 990-PF, 2025; updated October 2026.
How to apply to The James and Margaret Carreras
- How to Apply
-
The foundation’s 2025 filing says applicants should submit a written request describing the applicant’s nature and purpose and how the grant would fulfill the grantor’s mission. Applicants must qualify as exempt organizations under IRC Section 501(c)(3). The filing lists no deadlines and says giving is not restricted to preselected organizations.
- Contact
Application contact: James P Carreras Jr
Mailing address: 2011 Oakengate Lane, Midlothian, VA 23113
Phone: (804) 358-2342
Application details from Grantable's research on the foundation's public materials; confirm on its website before applying.
Who The James and Margaret Carreras funds
How this funder distributes its grants
Top Recipients
Top 10 recipients in 2025
The largest 2025 recipient was Anna Julia Cooper Episcopal School ($100K). Together the top 10 received $181K.
Grant Size Distribution
48 grants across all recorded years
The most common grant size was under $50K: 46 grants of 48 (96%).
Geographic Focus
Where this funder awards grants
All grant dollars reported for 2025 went to recipients in Virginia.
Grant Distribution by State
Share of 2025 grant dollars across all 14 itemized grants.
States
Cities
How The James and Margaret Carreras gives
- 43% of 2025 grantees were also funded in 2024. Method
- Giving grew 302% from 2022 to 2025. Method
- In 2025 it paid out 736% of its IRS minimum distribution (the 5% rule). Method
Estimate from itemized grant lists in IRS Form 990-PF filings (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 $11K (2021) to $201K (2025). In 2025 it made 14 grants totaling $201K.
Grants by year
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| Anna Julia Cooper Episcopal School Richmond, VA | Charitable | $100,000 |
| Saint Peter's Catholic Church Richmond, VA | Charitable | $10,000 |
| Greater Richmond Scan Richmond, VA | Charity | $10,000 |
| Ronal McDonald House Charities of R Richmond, VA | Charity | $10,000 |
| Better Housing Coalition Richmond, VA | Charitable | $10,000 |
| YWCA Richmond Richmond, VA | Charitable | $10,000 |
| St Francis Home Richmond, VA | Charitable | $10,000 |
| M4K Richmond Midlothian, VA | Charitable | $10,000 |
| Uganda Rural Fund Richmond, VA | Charitable | $6,000 |
| St Edward-Epiphany Catholic School Richmond, VA | Charitable | $5,000 |
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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 |
|---|---|---|---|---|---|---|---|---|
| 2025 | $342,914 | $42,408 | $203,786 | $201,000 | 14 | $201,449 | $40,402 | $27,378 |
| 2024 | $504,291 | $26,306 | $194,288 | $191,000 | 15 | $191,692 | $23,808 | $31,161 |
| 2023 | $672,273 | $-18,654 | $81,496 | $78,500 | 13 | $78,949 | $23,621 | $35,605 |
| 2022 | $772,423 | $99,454 | $52,871 | $50,000 | 4 | $50,474 | $19,917 | $36,514 |
| 2021 | $742,304 | $607,687 | $12,420 | $11,000 | 2 | $11,412 | $5,782 | $9,673 |
| 2020 | $147,037 | $-10,655 | $21,450 | $20,000 | 3 | — | $5,154 | $10,140 |
| 2019 | $179,142 | $7,670 | $24,028 | $22,500 | 3 | — | $6,554 | $11,275 |
Under IRS private-foundation payout rules, The James and Margaret Carreras reported a distributable amount of $27K 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 in areas including education, housing, and family and children’s services. For example, Better Housing Coalition says its mission is to develop affordable housing communities in the Richmond metropolitan area. Greater Richmond SCAN says it works to promote positive parenting, strengthen families, and help create a community that values and cares for children. YWCA Richmond describes its mission as eliminating racism, empowering women, and promoting peace, justice, freedom, and dignity for all.
Grantmaking
In 2025, the foundation reported 14 grants totaling $201,000. Grants ranged from $5,000 to $100,000, with a median grant of $10,000. The largest grant was $100,000 to Anna Julia Cooper Episcopal School. Other reported grants included $10,000 each to Saint Peter’s Catholic Church, Greater Richmond SCAN, Ronald McDonald House Charities of R, Better Housing Coalition, YWCA Richmond, St. Francis Home, and M4K Richmond. The filing also listed $6,000 for Uganda Rural Fund and $5,000 each for St. Edward-Epiphany Catholic School, Virginia Repertory Theatre, and Crossover Healthcare Ministry.
Leadership & Key People
Leadership team and compensation from IRS filings
The 2025 filing lists James P. Carreras Jr. as president and Margaret D. Carreras as director.
The James and Margaret Carreras is led by James P. Carreras Jr., President on every filing since 2019; none of the 2 officers listed in 2025 report compensation.
Officers on the 2025 filing
James P. Carreras Jr.
President
On filings since 2019
1 hr/week
No compensation reported
Margaret D. Carreras
Director
On filings since 2019
1 hr/week
No compensation reported
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 James and Margaret Carreras
How much does The James and Margaret Carreras give each year?
The James and Margaret Carreras gave $201K across 14 grants in 2025, according to its 2025 IRS Form 990-PF. In 2024 it gave $191K across 15 grants.
What is The James and Margaret Carreras's typical grant size?
The James and Margaret Carreras's median grant in 2025 was $10,000, and its average grant was $14,357, across 14 grants on its 2025 IRS Form 990-PF.
Where does The James and Margaret Carreras give grants?
The James and Margaret Carreras gives mostly in Virginia: 100% of the grant dollars itemized on its 2025 IRS Form 990-PF went to recipients there. The most frequent recipient cities were Richmond, VA (13 grants).
Does The James and Margaret Carreras give general operating support?
Not in 2025: none of the 14 grants with a stated purpose on The James and Margaret Carreras's 2025 IRS Form 990-PF were described as general or operating support. Recurring purposes include "Charitable" (12 grants).
Who are The James and Margaret Carreras's largest grantees?
The James and Margaret Carreras's largest 2025 grantees include Anna Julia Cooper Episcopal School ($100,000), Saint Peter's Catholic Church ($10,000) and Greater Richmond Scan ($10,000), according to its 2025 IRS Form 990-PF. Together they received 60% of its itemized 2025 grant dollars.
How large is The James and Margaret Carreras?
The James and Margaret Carreras reported $343K in total assets on its 2025 IRS Form 990-PF. It paid out $201K in qualifying distributions that year, against a required minimum of $27K (roughly 5% of its investment assets).
What does The James and Margaret Carreras fund?
No mission statement for the foundation is provided. Its 2025 grantees describe work in areas including education, housing, and family and children’s services. For example, Better Housing Coalition says its mission is to develop affordable housing communities in the Richmond metropolitan area. See mission & focus areas ↑
How do I apply for a grant from The James and Margaret Carreras?
The foundation’s 2025 filing says applicants should submit a written request describing the applicant’s nature and purpose and how the grant would fulfill the grantor’s mission. Eligibility and process details are in the grantmaking section of this profile. See how to apply ↑
What is The James and Margaret Carreras's EIN?
The James and Margaret Carreras's EIN (Employer Identification Number) is 20-5745252. 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 12, 2025)
- Updated Form 990-PF for fiscal year 2025 (received by the IRS May 7, 2026)
- Added Form 990-PF for fiscal year 2019 (received by the IRS May 8, 2020)
- Updated Form 990-PF for fiscal year 2020 (received by the IRS May 4, 2021)
- Updated Form 990-PF for fiscal year 2021 (received by the IRS May 11, 2022)
- Updated Form 990-PF for fiscal year 2022 (received by the IRS May 8, 2023)
- Updated Form 990-PF for fiscal year 2023 (received by the IRS April 29, 2024)
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Cite this profile
Grantable. (2026). The James and Margaret Carreras funder profile. GrantGraph. Retrieved October 4, 2026, from https://grantable.co/funders/the-james-and-margaret-carreras-morg_470778df57414118a6dc6bb415ced3df
BibTeX
@misc{grantable_205745252_2026,
author = {{Grantable}},
title = {{The James and Margaret Carreras funder profile}},
howpublished = {GrantGraph},
year = {2026},
url = {https://grantable.co/funders/the-james-and-margaret-carreras-morg_470778df57414118a6dc6bb415ced3df},
note = {Accessed 2026-10-04. 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 James and Margaret Carreras'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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