Wilbur Lee Carter Charitable Trust

Foundation · Grantmaker Dallas, TX EIN: 23-7420174

HealthReligionHuman services

Wilbur Lee Carter Charitable Trust is a private foundation focused on Health, based in Dallas, TX. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $3.6M in total assets. In 2024, it awarded 5 grants totaling $216K. Net investment income was $177K.

Key facts about Wilbur Lee Carter Charitable Trust

EIN: 23-7420174
Latest 990 filing: Form 990-PF, 2024
Annual giving (2024): $215,520
Grants made (2024): 5
Average grant: $43,104
Median grant: $43,104
Total assets: $3,592,951
Primary geography: North Carolina (87% of itemized 2024 grant dollars)

Data from IRS Form 990-PF, 2024; updated September 2026.

Who Wilbur Lee Carter Charitable Trust funds

By grant dollars, the top recipient states for Wilbur Lee Carter Charitable Trust's 5 itemized 2024 grants were North Carolina (87%) and South Carolina (13%). 100% of grants with a stated purpose were for general or operating support.

How Wilbur Lee Carter Charitable Trust gives

Giving held roughly steady from 2021 to 2024 (+4%). Method
In 2024 it paid out 95% 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.

Next steps with Wilbur Lee Carter Charitable Trust

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Financial Overview

From 2024 IRS Form 990-PF · View filing

Total Assets

$3.6M

-1.2% YoY

Annual Giving

$216K

+22.5% YoY

Grant Count

+0.0% YoY

Avg Grant Size

$43K

+22.5% YoY

Under IRS private-foundation payout rules, Wilbur Lee Carter Charitable Trust reported a distributable amount of $232K for 2024 — the minimum it must pay out in qualifying distributions.

About Wilbur Lee Carter Charitable Trust

Based on IRS filings

Focus Areas

HealthReligionHuman services

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Geographic Focus

Where this funder awards grants

Grant Distribution by State

North Carolina $187K (87%)

South Carolina $29K (13%)

Share of all 5 itemized 2024 grant dollars.

States

North Carolina South Carolina

Cities

GreensboroGreenwoodThomasvilleWake ForestWinston Salem

Financial History

Multi-year comparison from IRS filings

Revenue

Expenses

Qualifying Distributions

Net Investment Income

Metric	2024	2023	2022
Total Assets	$3,592,951	$3,637,887	$3,663,569
Revenue	$192,746	$168,219	$314,983
Expenses	$234,910	$195,249	$273,763
Qualifying Distributions	$221,487	$181,896	$255,662
Net Investment Income	$176,505	$154,959	$301,318
Distributable Amount	$232,152	$209,600	$214,429

Data update history

When this profile's IRS filing data changed on Grantable

March 2, 2026 IRS filings on file for fiscal years 2020–2024

Giving Over Time

Total grant dollars and number of grants per year

Grant Insights

How this funder distributes its grants

Top Recipients

Top 5 recipients in 2024

Grant Size Distribution

25 grants across all recorded years

Giving History

Grant recipients and amounts by year

Among its reported 2024 grants, the largest recipients include Baptist Children's Homes NC ($57,477), North Carolina Baptist Hospitals ($43,104), First Baptist Church ($43,104).

Recipient	Purpose	Amount
BAPTIST CHILDREN'S HOMES NC Thomasville, NC	UNRESTRICTED GENERAL	$57,477
NORTH CAROLINA BAPTIST HOSPITALS Winstonsalem, NC	UNRESTRICTED GENERAL	$43,104
FIRST BAPTIST CHURCH Greensboro, NC	UNRESTRICTED GENERAL	$43,104
SOUTHEASTERN BAPTIST THEOLOGICAL SEMINAR Wake Forest, NC	UNRESTRICTED GENERAL	$43,104
CONNIE MAXWELL CHILDREN'S HOME Greenwood, SC	UNRESTRICTED GENERAL	$28,731

Leadership & Key People

Officers and directors from IRS filings

Compensation Overview

From 2024 IRS filing

Name	Title	Hours	Compensation
Bank of America NA	Co Trustee	1	$13,073
W L Carter Jr	Co Trustee	13	—
Charles T Hagan III	Co Trustee	13	—

Subject Areas

Focus areas based on grantmaking activity

HealthReligionHuman services

Frequently Asked Questions

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 $3.6M in total assets as of 2024.

How large is Wilbur Lee Carter Charitable Trust?

As of 2024, Wilbur Lee Carter Charitable Trust holds $3.6M in total assets with $193K in annual revenue. It awarded 5 grants totaling $216K in 2024.

Where does Wilbur Lee Carter Charitable Trust operate?

Wilbur Lee Carter Charitable Trust has awarded grants in North Carolina, South Carolina.

What size grants does Wilbur Lee Carter Charitable Trust award?

In 2024, Wilbur Lee Carter Charitable Trust awarded 5 grants totaling $216K — an average of about $43K per grant, based on its IRS Form 990 filings.

How much is Wilbur Lee Carter Charitable Trust required to give away each year?

Private foundations must generally distribute about 5% of their assets annually. For 2024, Wilbur Lee Carter Charitable Trust reported a distributable amount of $232K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.

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 2020–2024.