The James and Margaret Carreras
The James and Margaret Carreras is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in MIDLOTHIAN, VA. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $504K in total assets. In 2024, it awarded 15 grants totaling $191K. Net investment income was $24K.
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$504K
-25.0% YoY
Annual Giving
$191K
+143.3% YoY
Grant Count
15
+15.4% YoY
Avg Grant Size
$13K
+110.9% YoY
Under IRS private-foundation payout rules, The James and Margaret Carreras reported a distributable amount of $31K for 2024 — the minimum it must pay out in qualifying distributions.
About The James and Margaret Carreras
Based on IRS filings
The James and Margaret Carreras is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in MIDLOTHIAN, VA. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $504K in total assets. In 2024, it awarded 15 grants totaling $191K. Net investment income was $24K.
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 | $504,291 | $672,273 | $772,423 |
| Revenue | $26,306 | $-18,654 | $99,454 |
| Expenses | $194,288 | $81,496 | $52,871 |
| Qualifying Distributions | $191,692 | $78,949 | $50,474 |
| Net Investment Income | $23,808 | $23,621 | $19,917 |
| Distributable Amount | $31,161 | $35,605 | $36,514 |
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
37 grants across all recorded years
Giving History
Grant recipients and amounts by year
Among its reported 2024 grants, the largest include St Elizabeth's Church ($100,000), Saint Peter's Catholic Church ($10,000), St Edward-epiphany Catholic School ($10,000).
| Recipient | Purpose | Amount |
|---|---|---|
| SAINT PETER'S CATHOLIC CHURCH RICHMOND, VA | CHARITABLE | $10,000 |
| BENEDICTINE EDUCATIONAL FOUNDATION RICHMOND, VA | EDUCATIONAL | $5,000 |
| ST EDWARD-EPIPHANY CATHOLIC SCHOOL RICHMOND, VA | CHARITABLE | $10,000 |
| VIRGINIA REPERATORY THEATRE RICHMOND, VA | CHARITABLE | $5,000 |
| GREATER RICHMOND SCAN RICHMOND, VA | CHARITY | $10,000 |
| BLESSED SACRAMENT-HUGUENOT HIGH SCH POWHATAN, VA | EDUCATION | $1,000 |
| UGANDA RURAL FUND RICHMOND, VA | CHARITABLE | $8,000 |
| CRISTO REY RICHMOND HIGH SCHOOL RICHMOND, VA | EDUCATION | $10,000 |
| VIRGINIA MUSEUM OF FINE ARTS RICHMOND, VA | CHARITABLE | $5,000 |
| CROSSOVER HEALTHCARE MINISTRY RICHMOND, VA | CHARITABLE | $5,000 |
Leadership & Key People
Officers and directors from IRS filings
Compensation Overview
From 2024 IRS filing
From 2024 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| JAMES P CARRERAS JR | President | 1 | — |
| MARGARET D CARRERAS | Director | 1 | — |
Subject Areas
Focus areas based on grantmaking activity
Frequently Asked Questions
What is The James and Margaret Carreras?
The James and Margaret Carreras is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in MIDLOTHIAN, VA. It holds $504K in total assets as of 2024.
How large is The James and Margaret Carreras?
As of 2024, The James and Margaret Carreras holds $504K in total assets with $26K in annual revenue. It awarded 15 grants totaling $191K in 2024.
Where does The James and Margaret Carreras operate?
The James and Margaret Carreras has awarded grants in New Jersey, Ohio, Virginia.
What size grants does The James and Margaret Carreras award?
In 2024, The James and Margaret Carreras awarded 15 grants totaling $191K — an average of about $13K per grant, based on its IRS Form 990 filings.
How much is The James and Margaret Carreras required to give away each year?
Private foundations must generally distribute about 5% of their assets annually. For 2024, The James and Margaret Carreras reported a distributable amount of $31K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.
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 2020–2024.
Explore Open Grants
Browse active grant opportunities in The James and Margaret Carreras'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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