The Lakes Charitable Foundation
The Lakes Charitable Foundation is a private foundation, based in Wilmington, DE. IRS filing data is available from 2020 through 2023. As of 2023, the organization holds $215K in total assets. In 2023, it awarded 3 grants totaling $22K. Net investment income was $6K.
The Lakes Charitable Foundation at a glance
In short: The Lakes Charitable Foundation gave $22K across 3 grants in 2023 (avg $7K), mostly in California. Source: 2023 IRS Form 990-PF.
- Annual giving (2023)
- $22,000
- -77.6% vs 2022
- Grants made (2023)
- 3
- -25.0% vs 2022
- Average grant
- $7,333
- -70.1% vs 2022
- Median grant
- $1,000
- Total assets
- $214,580
- -16.0% vs 2022
- Primary geography
- California (95% of itemized 2023 grant dollars)
- Latest 990 filing
- Form 990-PF, 2023 View filing
Data from IRS Form 990-PF, 2023; updated September 2026.
Who The Lakes Charitable Foundation funds
How this funder distributes its grants
Top Recipients
Top 3 recipients in 2023
The largest 2023 recipient was Baymarin Community Church ($20K). Together the top 3 received $22K.
Grant Size Distribution
21 grants across all recorded years
The most common grant size was under $50K: 20 grants of 21 (95%).
Geographic Focus
Where this funder awards grants
Grant Distribution by State
Share of 2023 grant dollars across all 3 itemized grants.
Cities
How The Lakes Charitable Foundation gives
- Giving fell 61% from 2020 to 2023. Method
- In 2023 it paid out 56% 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 2023, annual grant giving ranged from $22K (2023) to $98K (2022). In 2023 it made 3 grants totaling $22K.
Grants by year
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| Baymarin Community Church San Rafael, CA | General & Unrestricted | $20,000 |
| League to Save Lake Tahoe S Lake Tahoe, CA | General & Unrestricted | $1,000 |
| Tahoe Rim Trail Association Stateline, NV | General & Unrestricted | $1,000 |
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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 |
|---|---|---|---|---|---|---|---|---|
| 2023 | $214,580 | $-8,019 | $32,875 | $22,000 | 3 | $32,700 | $6,461 | $58,327 |
| 2022 | $255,474 | $32,509 | $108,923 | $98,000 | 4 | $107,829 | — | $11,331 |
| 2021 | $331,888 | $46,763 | $93,573 | $86,000 | 8 | $92,467 | $6,657 | $112,418 |
| 2020 | $378,698 | $37,084 | $63,063 | $56,000 | 6 | — | $5,273 | $8,589 |
Under IRS private-foundation payout rules, The Lakes Charitable Foundation reported a distributable amount of $58K for 2023 — the minimum it must pay out in qualifying distributions.
Leadership & Key People
Officers and directors from IRS filings
The Lakes Charitable Foundation is led by Laurie Carnahan, Co- President & Director on every filing since 2020; none of the 2 officers listed in 2023 report compensation.
Officers on the 2023 filing
Laurie Carnahan
Co- President & Director
On filings since 2020
5 hrs/week
No compensation reported
Kevin Carnahan
Co-Pres, Director & Secretary
On filings since 2020
10 hrs/week
No compensation reported
Data from IRS Form 990 filings, 2020–2023. "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 Lakes Charitable Foundation
How much does The Lakes Charitable Foundation give each year?
The Lakes Charitable Foundation gave $22K across 3 grants in 2023, according to its 2023 IRS Form 990-PF. In 2022 it gave $98K across 4 grants.
What is The Lakes Charitable Foundation's typical grant size?
The Lakes Charitable Foundation's median grant in 2023 was $1,000, and its average grant was $7,333, across 3 grants on its 2023 IRS Form 990-PF.
Where does The Lakes Charitable Foundation give grants?
The Lakes Charitable Foundation gives mostly in California: 95% of the grant dollars itemized on its 2023 IRS Form 990-PF went to recipients there.
Does The Lakes Charitable Foundation give general operating support?
Yes: 100% of The Lakes Charitable Foundation's 2023 grants with a stated purpose (3 of 3) were for general or operating support, per its 2023 IRS Form 990-PF.
How large is The Lakes Charitable Foundation?
The Lakes Charitable Foundation reported $215K in total assets on its 2023 IRS Form 990-PF. It paid out $33K in qualifying distributions that year, against a required minimum of $58K (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 Lakes Charitable Foundation's EIN?
The Lakes Charitable Foundation's EIN (Employer Identification Number) is 27-1424586. IRS Form 990 filing data is available on this page for 2020–2023.
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 2020–2023
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