Carey Family Foundation
- Assets
- $36.0m
- Revenue
- $2.8m
- Investments
- $35.9m
- Employees
- 0
- Location
- Darien, CT
- Founding
- 12/2005
- Data as of
- 06/2023
- EIN
- 20-1970720
Organization Overview
Carey Family Foundation is located in Darien, CT. The organization was established in 2005. According to its NTEE Classification (T20) the organization is classified as: Private Grantmaking 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. Carey Family Foundation 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 06/2023, Carey Family Foundation generated $2.8m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 5 years, the organization has seen revenues fall by an average of (17.4%) each year. All expenses for the organization totaled $4.5m during the year ending 06/2023. You can explore the organizations financials more deeply in the financial statements section below.
Since 2019, Carey Family Foundation has awarded 22 individual grants totaling $9,796,558. 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 |
|---|---|---|---|
Charles G Carey Trustee | 0 | $0 | |
Wendy G Carey Trustee | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $2,493,532 |
| Interest on Savings | $3,098 |
| Dividends & Interest | $352,066 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | -$35,335 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $2,813,361 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $333 |
| Interest | $0 |
| Taxes | $582 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $0 |
| Total operating and administrative expenses | $175,121 |
| Contributions, gifts, grants paid | $4,293,812 |
| Total expenses and disbursements | $4,468,933 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1 |
| Savings and temporary cash investments | $133,878 |
| 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 | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $35,860,335 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $35,994,214 |
| 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, Carey Family Foundation has awarded $4,293,812 in support to 4 organizations.
| Grant Recipient | Amount |
|---|---|
FUTURE 5 PURPOSE: GENERAL USE | $253,052 |
FIDELITY INVESTMENTS CHARITABLE GIFT FUND PURPOSE: GENERAL USE | $200,000 |
COLBY SAWYER COLLEGE PURPOSE: GENERAL USE | $801,796 |
COLGATE UNIVERSITY PURPOSE: GENERAL USE | $3,038,964 |