The Thomas and Agnes Carvel Foundation
The Thomas and Agnes Carvel Foundation is a private foundation based in Yonkers, New York. In 2025, it made 159 grants totaling $3,055,850 to organizations including educational institutions, a children’s hospital, a museum, and community-service organizations.
The Thomas and Agnes Carvel Foundation at a glance
In short: The Thomas and Agnes Carvel Foundation gave $3.1M across 159 grants in 2025 (avg $19K), mostly in New York. 20% of 2025 grantees were new. Source: 2025 IRS Form 990-PF.
- Annual giving (2025)
- $3,055,850
- -0.4% vs 2024
- Grants made (2025)
- 159
- +2.6% vs 2024
- Average grant
- $19,219
- -2.9% vs 2024
- Median grant
- $15,000
- Total assets
- $50,565,833
- +2.8% vs 2024
- New grantees (estimate)
- 20% first-time grantees (32 of 159, 2025)
- Primary geography
- New York (94% of itemized 2025 grant dollars)
- Latest 990 filing
- Form 990-PF, 2025 View filing
Data from IRS Form 990-PF, 2025; updated October 2026. New grantees are estimated by matching recipient names across years (methodology).
How to apply to The Thomas and Agnes Carvel Foundation
- How to Apply
-
Send a letter supported by a budget for expenditure of the requested grant to Joan Magoolaghan. The filing lists no deadlines and no restrictions on awards.
- Contact
Application contact: Joan Magoolaghan
Mailing address: 35 E Grassy Sprain Rd, Yonkers, NY 10710
Phone: (914) 793-7300
Application details from Grantable's research on the foundation's public materials; confirm on its website before applying.
Who The Thomas and Agnes Carvel Foundation funds
How this funder distributes its grants
Top Recipients
Top 10 recipients in 2025
The largest 2025 recipient was Inspiring Futures ($60K). Together the top 10 received $518K.
Grant Size Distribution
784 grants across all recorded years
The most common grant size was under $50K: 737 grants of 784 (94%).
Geographic Focus
Where this funder awards grants
In 2025, 94% of grant dollars went to recipients in New York. California, Connecticut, and New Jersey each received 2%; Florida received 0%.
Grant Distribution by State
Share of 2025 grant dollars across all 159 itemized grants.
States
Cities
Is The Thomas and Agnes Carvel Foundation open to new grantees?
20%
first-time grantees, 2025
In 2025, 32 of 159 grantees (20%) were first-time recipients. First grants averaged $16K; repeat grants $20K. How we count
Medians: $15K first-time, $19K repeat.
- 65% of 2025 grantees were also funded in 2024. Method
- Giving held roughly steady from 2022 to 2025 (+20%). Method
- In 2025 it paid out 138% of its IRS minimum distribution (the 5% rule). Method
Estimate from itemized grant lists in IRS Form 990-PF filings (2019–2025). 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 $2.5M (2022) to $3.4M (2023). In 2025 it made 159 grants totaling $3.1M.
Grants by year
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| Inspiring Futures New York, NY | Unrestricted Grant | $60,000 |
| Westchester Community College Foundation Valhalla, NY | Unrestricted Grant | $60,000 |
| Afya Foundation Yonkers, NY | Unrestricted Grant | $50,000 |
| Blythedale Children's Hospital Valhalla, NY | Unrestricted Grant | $50,000 |
| Burke Rehab White Plains, NY | Unrestricted Grant | $50,000 |
| Cardinal McCloskey Services Valhalla, NY | Unrestricted Grant | $50,000 |
| Cristo Rey High School New York, NY | Unrestricted Grant | $50,000 |
| Hudson River Museum of Westchester Yonkers, NY | Unrestricted Grant | $50,000 |
| Shoes That Fit Claremont, CA | Unrestricted Grant | $50,000 |
| Aisling Irish Community Center Yonkers, NY | Unrestricted Grant | $48,000 |
Ready to take the next step with The Thomas and Agnes Carvel Foundation?
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 | $50,565,833 | $3,235,459 | $3,848,445 | $3,055,850 | 159 | $3,253,575 | $2,450,982 | $2,351,269 |
| 2024 | $49,177,623 | $2,435,283 | $3,806,200 | $3,066,700 | 155 | $3,245,473 | $1,875,362 | $2,308,613 |
| 2023 | $45,190,003 | $3,259,155 | $4,105,811 | $3,358,130 | 169 | $3,543,897 | $2,698,101 | $2,196,869 |
| 2022 | $46,557,183 | $2,031,963 | $3,290,700 | $2,549,100 | 145 | $2,728,774 | $1,470,805 | $2,406,638 |
| 2021 | $54,678,435 | $3,905,048 | $3,633,823 | $2,918,820 | 156 | — | $3,349,495 | $2,619,062 |
| 2020 | $51,631,578 | $1,803,380 | $3,347,895 | $2,626,525 | 144 | — | $1,251,532 | $2,355,274 |
| 2019 | $49,582,065 | $2,179,871 | $3,295,533 | $2,559,640 | 160 | — | $1,616,403 | $2,345,216 |
Under IRS private-foundation payout rules, The Thomas and Agnes Carvel Foundation reported a distributable amount of $2.4M 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 grants support a range of organizations. For example, Inspiring Futures says its mission is to improve educational outcomes for youth with child-welfare, homelessness, or juvenile-justice system involvement through mental-health and academic support. Blythdale Children’s Hospital describes its work as improving children’s health and well-being, while the Hudson River Museum of Westchester says it engages, inspires, and connects diverse communities through arts, sciences, and history.
Other 2025 recipients describe work in education, basic-needs assistance, and community services. Westchester Community College Foundation says it supports and advances the mission of Westchester Community College. (914) Cares says it helps neighbors facing basic needs such as food, clothing, shelter, education, and medical care. Aisling Irish Community Center says it assists Irish immigrants through legal, social, psychological, and educational services.
Grantmaking
In 2025, the foundation made 159 grants totaling $3,055,850. Grant amounts ranged from $2,500 to $60,000, with a median of $15,000. Its largest grants included $60,000 each to Inspiring Futures and Westchester Community College Foundation; $50,000 each to Afya Foundation, Blythdale Children’s Hospital, Burke Rehab, Cardinal McCloskey Services, Cristo Rey High School, Hudson River Museum of Westchester, and Shoes That Fit; and $48,000 to Aisling Irish Community Center. The listed grants were identified as unrestricted.
Leadership & Key People
Leadership team and compensation from IRS filings
The 2025 filing lists Joan Magoolaghan as chairperson, Marie A Holcombe as vice chairperson, Daniel H Harris as treasurer, and Kara McLoughlin as president. Nicola Lee and Richard Hans are listed as directors.
The Thomas and Agnes Carvel Foundation is led by Kara McLoughlin, President on the 2025 filing; all 6 officers listed in 2025 are compensated.
Officers on the 2025 filing
Kara McLoughlin
President
New on the 2025 filing
25 hrs/week
$73K (2025)
Joan Magoolaghan
Chairperson
Vice President → Interim President, 2024
Interim President → Chairperson, 2025
On filings since 2019
25 hrs/week
$25K (2021) → $67K (2025)
Nicola Lee
Director
On filings since 2024
1 hr/week
$4K (2024) → $28K (2025)
Richard Hans
Director
On filings since 2024
1 hr/week
$4K (2024) → $28K (2025)
Marie A. Holcombe
Vice Chairperson
Treasurer → Vice Chairperson, 2025
On filings since 2019
1 hr/week
$25K (2021) → $28K (2025)
Daniel H. Harris
Treasurer
Director → Treasurer, 2025
On filings since 2021
1 hr/week
$6K (2021) → $28K (2025)
Former officers (4)
- Former: Peter Smith (2019–2024) — Former President
- Former: Joseph A. Disalvo (2021–2023) — Director
- Former: Salvador Molella (2019–2021) — Vice President
- Former: Betty Godley (2019) — Director
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.
Compensation Overview
From 2025 IRS filing
The highest reported compensation on the 2025 filing was $73K, to Kara McLoughlin (President). 6 officers or directors reported compensation on that filing.
Frequently asked questions about The Thomas and Agnes Carvel Foundation
How much does The Thomas and Agnes Carvel Foundation give each year?
The Thomas and Agnes Carvel Foundation gave $3.1M across 159 grants in 2025, according to its 2025 IRS Form 990-PF. In 2024 it gave $3.1M across 155 grants.
What is The Thomas and Agnes Carvel Foundation's typical grant size?
The Thomas and Agnes Carvel Foundation's median grant in 2025 was $15,000, and its average grant was $19,219, across 159 grants on its 2025 IRS Form 990-PF. Organizations receiving their first grant from The Thomas and Agnes Carvel Foundation that year got $16K on average.
Where does The Thomas and Agnes Carvel Foundation give grants?
The Thomas and Agnes Carvel Foundation gives mostly in New York: 94% of the grant dollars itemized on its 2025 IRS Form 990-PF went to recipients there. The most frequent recipient cities were New York, NY (22 grants), Yonkers, NY (20 grants), Bronx, NY (8 grants) and Valhalla, NY (6 grants).
Does The Thomas and Agnes Carvel Foundation give general operating support?
Yes: 100% of The Thomas and Agnes Carvel Foundation's 2025 grants with a stated purpose (159 of 159) were for general or operating support, per its 2025 IRS Form 990-PF.
Who are The Thomas and Agnes Carvel Foundation's largest grantees?
The Thomas and Agnes Carvel Foundation's largest 2025 grantees include Inspiring Futures ($60,000), Westchester Community College Foundation ($60,000) and Afya Foundation ($50,000), according to its 2025 IRS Form 990-PF. Together they received 6% of its itemized 2025 grant dollars.
How large is The Thomas and Agnes Carvel Foundation?
The Thomas and Agnes Carvel Foundation reported $50.6M in total assets on its 2025 IRS Form 990-PF. It paid out $3.3M in qualifying distributions that year, against a required minimum of $2.4M (roughly 5% of its investment assets).
What does The Thomas and Agnes Carvel Foundation fund?
No mission statement for the foundation is provided. Its grants support a range of organizations. See mission & focus areas ↑
How do I apply for a grant from The Thomas and Agnes Carvel Foundation?
Send a letter supported by a budget for expenditure of the requested grant to Joan Magoolaghan. Eligibility and process details are in the grantmaking section of this profile. See how to apply ↑
What is The Thomas and Agnes Carvel Foundation's EIN?
The Thomas and Agnes Carvel Foundation's EIN (Employer Identification Number) is 13-2879673. 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
(8)
When this profile's IRS filing data changed on Grantable
- Updated Form 990-PF for fiscal year 2019 (received by the IRS March 20, 2020)
- Updated Form 990-PF for fiscal year 2020 (received by the IRS April 30, 2021)
- Updated Form 990-PF for fiscal year 2021 (received by the IRS April 6, 2022)
- Updated Form 990-PF for fiscal year 2022 (received by the IRS April 18, 2023)
- Updated Form 990-PF for fiscal year 2023 (received by the IRS April 4, 2024)
- Updated Form 990-PF for fiscal year 2024 (received by the IRS March 12, 2025)
- Updated Form 990-PF for fiscal year 2025 (received by the IRS March 25, 2026)
- IRS filings on file for fiscal years 2019–2025
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Cite this profile
Grantable. (2026). The Thomas and Agnes Carvel Foundation funder profile. GrantGraph. Retrieved November 2, 2026, from https://grantable.co/funders/the-thomas-and-agnes-carvel-foundation-morg_e54833b4edab4dfeb5568a4da5c700ca
BibTeX
@misc{grantable_132879673_2026,
author = {{Grantable}},
title = {{The Thomas and Agnes Carvel Foundation funder profile}},
howpublished = {GrantGraph},
year = {2026},
url = {https://grantable.co/funders/the-thomas-and-agnes-carvel-foundation-morg_e54833b4edab4dfeb5568a4da5c700ca},
note = {Accessed 2026-11-02. 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 Thomas and Agnes Carvel Foundation'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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