Wilbur Lee Carter Charitable Trust
Wilbur Lee Carter Charitable Trust is a private foundation focused on Health, based in Dallas, TX. IRS filing data is available from 2019 through 2025. As of 2025, the organization holds $3.5M in total assets. In 2025, it awarded 5 grants totaling $236K. Net investment income was $145K.
Wilbur Lee Carter Charitable Trust at a glance
In short: Wilbur Lee Carter Charitable Trust gave $236K across 5 grants in 2025 (avg $47K), mostly in North Carolina. Source: 2025 IRS Form 990-PF.
- Annual giving (2025)
- $236,479
- +9.7% vs 2024
- Grants made (2025)
- 5
- +0.0% vs 2024
- Average grant
- $47,296
- +9.7% vs 2024
- Median grant
- $47,295
- Total assets
- $3,497,761
- -2.6% vs 2024
- Primary geography
- North Carolina (87% of itemized 2025 grant dollars)
- Latest 990 filing
- Form 990-PF, 2025 View filing
Data from IRS Form 990-PF, 2025; updated September 2026.
Who Wilbur Lee Carter Charitable Trust funds
How this funder distributes its grants
Top Recipients
Top 5 recipients in 2025
The largest 2025 recipient was Baptist Children's Homes NC ($63K). Together the top 5 received $236K.
Grant Size Distribution
25 grants across all recorded years
The most common grant size was under $50K: 18 grants of 25 (72%).
Geographic Focus
Where this funder awards grants
Grant Distribution by State
Share of 2025 grant dollars across all 5 itemized grants.
States
Cities
How Wilbur Lee Carter Charitable Trust gives
- Giving held roughly steady from 2022 to 2025 (−6%). Method
- In 2025 it paid out 99% 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 2019 to 2025, annual grant giving ranged from $176K (2019) to $251K (2022). In 2025 it made 5 grants totaling $236K.
Grants by year
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| Baptist Children's Homes NC Thomasville, NC | Unrestricted General | $63,068 |
| North Carolina Baptist Hospitals Winston-Salem, NC | Unrestricted General | $47,295 |
| First Baptist Church Greensboro, NC | Unrestricted General | $47,295 |
| Southeastern Baptist Theological Seminar Wake Forest, NC | Unrestricted General | $47,295 |
| Connie Maxwell Children's Home Greenwood, SC | Unrestricted General | $31,526 |
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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 | $3,497,761 | $161,812 | $258,793 | $236,479 | 5 | $241,827 | $145,322 | $244,908 |
| 2024 | $3,592,951 | $192,746 | $234,910 | $215,520 | 5 | $221,487 | $176,505 | $232,152 |
| 2023 | $3,637,887 | $168,219 | $195,249 | $175,900 | 5 | $181,896 | $154,959 | $209,600 |
| 2022 | $3,663,569 | $314,983 | $273,763 | $250,514 | 5 | $255,662 | $301,318 | $214,429 |
| 2021 | $3,629,604 | $463,247 | $231,211 | $207,590 | 5 | $213,009 | $446,384 | $239,093 |
| 2020 | $3,398,456 | $121,212 | $236,282 | $213,150 | 5 | — | $108,120 | $199,746 |
| 2019 | $3,513,107 | $260,894 | $193,560 | $175,824 | 5 | — | $248,673 | $196,331 |
Under IRS private-foundation payout rules, Wilbur Lee Carter Charitable Trust reported a distributable amount of $245K for 2025 — the minimum it must pay out in qualifying distributions.
Leadership & Key People
Officers and directors from IRS filings
Wilbur Lee Carter Charitable Trust's 2025 filing lists 3 officers; 1 of 3 officers listed in 2025 is compensated.
Officers on the 2025 filing
Bank Of America NA
Co Trustee
On filings since 2019
1 hr/week
$10K (2019) → $12K (2025)
Charles T. Hagan III
Co Trustee
On filings since 2019
13 hrs/week
No compensation reported
W. L. Carter Jr.
Co Trustee
On filings since 2019
13 hrs/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.
Compensation Overview
From 2025 IRS filing
The highest reported compensation on the 2025 filing was $12K, to Bank of America NA (Co Trustee).
Frequently asked questions about Wilbur Lee Carter Charitable Trust
How much does Wilbur Lee Carter Charitable Trust give each year?
Wilbur Lee Carter Charitable Trust gave $236K across 5 grants in 2025, according to its 2025 IRS Form 990-PF. In 2024 it gave $216K across 5 grants.
What is Wilbur Lee Carter Charitable Trust's typical grant size?
Wilbur Lee Carter Charitable Trust's median grant in 2025 was $47,295, and its average grant was $47,296, across 5 grants on its 2025 IRS Form 990-PF.
Where does Wilbur Lee Carter Charitable Trust give grants?
Wilbur Lee Carter Charitable Trust gives mostly in North Carolina: 87% of the grant dollars itemized on its 2025 IRS Form 990-PF went to recipients there. The next largest state was South Carolina (13%).
Does Wilbur Lee Carter Charitable Trust give general operating support?
Yes: 100% of Wilbur Lee Carter Charitable Trust's 2025 grants with a stated purpose (5 of 5) were for general or operating support, per its 2025 IRS Form 990-PF.
Who are Wilbur Lee Carter Charitable Trust's largest grantees?
Wilbur Lee Carter Charitable Trust's largest 2025 grantees include Baptist Children's Homes NC ($63,068), North Carolina Baptist Hospitals ($47,295) and First Baptist Church ($47,295), according to its 2025 IRS Form 990-PF. Together they received 67% of its itemized 2025 grant dollars.
How large is Wilbur Lee Carter Charitable Trust?
Wilbur Lee Carter Charitable Trust reported $3.5M in total assets on its 2025 IRS Form 990-PF. It paid out $242K in qualifying distributions that year, against a required minimum of $245K (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 Wilbur Lee Carter Charitable Trust?
Wilbur Lee Carter Charitable Trust is a private foundation focused on Health, based in Dallas, TX. It holds $3.5M in total assets as of 2025.
What is Wilbur Lee Carter Charitable Trust's EIN?
Wilbur Lee Carter Charitable Trust's EIN (Employer Identification Number) is 23-7420174. IRS Form 990 filing data is available on this page for 2019–2025.
Data last updated September 2026. Sourced from IRS Form 990-PF filings.
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 2, 2025)
- Updated Form 990-PF for fiscal year 2025 (received by the IRS May 8, 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 July 19, 2021)
- Updated Form 990-PF for fiscal year 2021 (received by the IRS April 26, 2022)
- Updated Form 990-PF for fiscal year 2022 (received by the IRS May 10, 2023)
- Updated Form 990-PF for fiscal year 2023 (received by the IRS May 1, 2024)
Live grants for the work Wilbur Lee Carter Charitable Trust funds
Health Open opportunities, soonest deadline first.
Explore Open Grants
Browse active grant opportunities in Wilbur Lee Carter Charitable Trust's focus areas in our free grants database
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