Carson Fam Charitable Tr
- Assets
- $454.0m
- Revenue
- $111.5m
- Investments
- $425.0m
- Employees
- 0
- Location
- New York, NY
- Founding
- 04/1991
- Data as of
- 12/2022
- EIN
- 13-6957038
Organization Overview
Carson Fam Charitable Tr is located in New York, NY. The organization was established in 1991. According to its NTEE Classification (T22) the organization is classified as: Private Independent Foundations, under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Carson Fam Charitable Tr is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 12/2022, Carson Fam Charitable Tr generated $111.5m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 4 years, the organization has seen revenues fall by an average of (5.4%) each year. All expenses for the organization totaled $70.3m during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2020, Carson Fam Charitable Tr has awarded 498 individual grants totaling $183,628,625. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Russell Carson Trustee | 20 | $0 | |
Cecily M Carson Trustee | 40 | $427,083 | |
Edward S Carson Trustee | 15 | $102,708 | |
Judith Carson Trustee | 15 | $0 | |
Amy Meyercord Stevens Executive Vice President | 40 | $513,542 | |
Krissy Sudano Managing Director | 40 | $307,292 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Driftwood Partners | 12/30/21 | $607,728 |
Casdin Partners | 12/30/21 | $559,416 |
Growth Catalyst Partners | 12/30/21 | $526,823 |
Emergence Capital | 12/30/21 | $455,621 |
Accolade Partners | 12/30/21 | $217,096 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $61,058,226 |
| Interest on Savings | $521,366 |
| Dividends & Interest | $2,872,107 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $36,039,412 |
| Capital Gain Net Income | $56,513,375 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $11,015,555 |
| Total Revenue | $111,506,666 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $1,043,333 |
| Other employee salaries and wages | $512,844 |
| Pension plans, employee benefits | $450,415 |
| Interest | $466,773 |
| Taxes | $1,137,167 |
| Depreciation | $0 |
| Occupancy | $585,515 |
| Travel, conferences, and meetings | $12,002 |
| Printing and publications | $0 |
| Other expenses | $5,821,118 |
| Total operating and administrative expenses | $10,046,097 |
| Contributions, gifts, grants paid | $60,210,300 |
| Total expenses and disbursements | $70,256,397 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $3,089,605 |
| Savings and temporary cash investments | $23,951,251 |
| Net Accounts receivable | $0 |
| Net Pledges Receivable | $0 |
| Grants receivable | $0 |
| Receivables from Officers, Directors, or Controlling Persons | $0 |
| Net other notes and loans receivable | $2,000,000 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $409,543,399 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $454,041,302 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $0 |
Grants Awarded
Over the last fiscal year, Carson Fam Charitable Tr has awarded $60,210,300 in support to 128 organizations.
| Grant Recipient | Amount |
|---|---|
50CAN INC PURPOSE: GENERAL OPERATING SUPPORT | $900,000 |
ACHIEVEMENT FIRST INC PURPOSE: GENERAL OPERATING SUPPORT FOR NYC OPERATIONS | $350,000 |
AMERICA NEEDS YOU PURPOSE: GENERAL OPERATING SUPPORT FOR NY OPERATIONS | $50,000 |
ADRIENNE ARSHT CENTER TRUST INC PURPOSE: GENERAL OPERATING SUPPORT | $50,000 |
AMERICAN MUSEUM OF NATURAL HISTORY PURPOSE: GENERAL OPERATING SUPPORT | $150,000 |
AMERICAN IMMIGRATION COUNCIL PURPOSE: GENERAL OPERATING SUPPORT | $100,000 |