The Paul and Rose Carter Foundation
The Paul and Rose Carter Foundation is a private foundation, based in Paeonian Springs, VA. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $3.6M in total assets. In 2024, it awarded 9 grants totaling $206K. Net investment income was $68K.
The Paul and Rose Carter Foundation at a glance
In short: The Paul and Rose Carter Foundation gave $206K across 9 grants in 2024 (avg $23K), top state Maryland. Source: 2024 IRS Form 990-PF.
- Annual giving (2024)
- $205,500
- -10.7% vs 2023
- Grants made (2024)
- 9
- -10.0% vs 2023
- Average grant
- $22,833
- -0.7% vs 2023
- Median grant
- $25,000
- Total assets
- $3,624,023
- -18.5% vs 2023
- Primary geography
- Maryland (24% 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 Paul and Rose Carter Foundation funds
How this funder distributes its grants
Top Recipients
Top 9 recipients in 2024
The largest 2024 recipient was National Gallery of Art ($50K). Together the top 9 received $206K.
Grant Size Distribution
48 grants across all recorded years
The most common grant size was under $50K: 43 grants of 48 (90%).
Geographic Focus
Where this funder awards grants
Grant Distribution by State
Share of 2024 grant dollars across all 9 itemized grants.
Cities
How The Paul and Rose Carter Foundation gives
- Giving held roughly steady from 2021 to 2024 (−4%). Method
- In 2024 it paid out 110% of its IRS minimum distribution (the 5% rule). 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 $160K (2020) to $322K (2022). In 2024 it made 9 grants totaling $206K.
Grants by year
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| National Gallery of Art Landover, MD | General Support | $50,000 |
| Holy Trinity Brompton | Charitable Purposes for Benefit of Holy Trinity Brompton | $35,500 |
| Kondanani Malawi Orphanage | Benefit of Orphaned Children in 2024 | $35,000 |
| Calvery Chapel Miami Beach Miami Beach, FL | General Support | $30,000 |
| Inova Health Foundation Falls Church, VA | General Support | $25,000 |
| Friends of the Washington Statue McLean, VA | General Support | $10,000 |
| Nafum Littleton, MA | General Support | $10,000 |
| Elkins Chapel New London, NH | Pastor's Fund | $5,000 |
| Wilmot Baptist Church Wilmot Flat, NH | Pastor's Fund | $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 |
|---|---|---|---|---|---|---|---|---|
| 2024 | $3,624,023 | $80,622 | $225,484 | $205,500 | 9 | $209,409 | $67,590 | $189,971 |
| 2023 | $4,448,315 | $47,787 | $247,066 | $230,000 | 10 | $233,892 | $35,554 | $212,197 |
| 2022 | $4,234,921 | $-35,724 | $361,019 | $322,000 | 13 | $324,900 | $22,093 | $230,185 |
| 2021 | $5,662,181 | $1,466,593 | $250,597 | $215,000 | 8 | $218,932 | $1,454,423 | $329,078 |
| 2020 | $6,875,158 | $888,681 | $173,934 | $160,000 | 8 | — | $883,663 | $226,761 |
Under IRS private-foundation payout rules, The Paul and Rose Carter Foundation reported a distributable amount of $190K for 2024 — the minimum it must pay out in qualifying distributions.
Leadership & Key People
Officers and directors from IRS filings
The Paul and Rose Carter Foundation is led by Rosemary Carter, President on every filing since 2020; none of the 2 officers listed in 2024 report compensation.
Officers on the 2024 filing
Rosemary Carter
President
On filings since 2020
3 hrs/week
No compensation reported
Paul Carter
Secretary & Treasurer
On filings since 2020
2 hrs/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 Paul and Rose Carter Foundation
How much does The Paul and Rose Carter Foundation give each year?
The Paul and Rose Carter Foundation gave $206K across 9 grants in 2024, according to its 2024 IRS Form 990-PF. In 2023 it gave $230K across 10 grants.
What is The Paul and Rose Carter Foundation's typical grant size?
The Paul and Rose Carter Foundation's median grant in 2024 was $25,000, and its average grant was $22,833, across 9 grants on its 2024 IRS Form 990-PF.
Where does The Paul and Rose Carter Foundation give grants?
The Paul and Rose Carter Foundation's top state is Maryland, with 24% of the grant dollars itemized on its 2024 IRS Form 990-PF. The next largest states were Virginia (17%) and Florida (15%).
Does The Paul and Rose Carter Foundation give general operating support?
Yes: 56% of The Paul and Rose Carter Foundation's 2024 grants with a stated purpose (5 of 9) were for general or operating support, per its 2024 IRS Form 990-PF.
Who are The Paul and Rose Carter Foundation's largest grantees?
The Paul and Rose Carter Foundation's largest 2024 grantees include National Gallery of Art ($50,000), Holy Trinity Brompton ($35,500) and Kondanani Malawi Orphanage ($35,000), according to its 2024 IRS Form 990-PF. Together they received 59% of its itemized 2024 grant dollars.
How large is The Paul and Rose Carter Foundation?
The Paul and Rose Carter Foundation reported $3.6M in total assets on its 2024 IRS Form 990-PF. It paid out $209K in qualifying distributions that year, against a required minimum of $190K (roughly 5% of its investment assets).
What is The Paul and Rose Carter Foundation's EIN?
The Paul and Rose Carter Foundation's EIN (Employer Identification Number) is 26-3885616. 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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