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Carmichael Foundation Inc. is a private corporation based in SOUTH BEND, IN. The foundation received its IRS ruling in 1967. The principal officer is 1st Source Bank. It holds total assets of $4.8M. Annual income is reported at $354K. Total assets have grown from $1.9M in 2011 to $5.4M in 2023. The foundation is governed by 2 officers and trustees. According to its most recent filing, the foundation only makes contributions to preselected charitable organizations. Tax records are available from 2018 to 2023. According to available records, Carmichael Foundation Inc. has made 4 grants totaling $2M, with a median grant of $513K. The foundation has distributed between $50K and $1M annually from 2021 to 2023. Individual grants have ranged from $25K to $1M, with an average award of $513K. The foundation has supported 3 unique organizations. Grant recipients are concentrated in Indiana. Contributions to this foundation are tax-deductible.
No program descriptions are available for this foundation. Many private foundations report program activities in their annual 990-PF filings — check the Tax Filings section below for the most recent filing.
Carmichael Foundation Inc. is a private foundation that provides grants to eligible organizations. Based on available records, the foundation has funded 4 grants. Its grantmaking reaches organizations primarily in IN.
Carmichael Foundation Inc. has distributed a total of $2M across 4 grants. The median grant size is $513K, with an average of $513K. Individual grants have ranged from $25K to $1M.
Carmichael Foundation Inc. typically selects its grantees rather than accepting unsolicited proposals.
Carmichael Foundation Inc. is headquartered in SOUTH BEND, IN.
| Name | Title | Compensation | Benefits | Total |
|---|---|---|---|---|
| Christopher J Murphy Iii | President | $0 | $0 | N/A |
| Carmen Murphy | Treasurer | $0 | $0 | N/A |
Total Giving
$1M
Total Assets
$5.4M
Fair Market Value
$10.5M
Net Worth
$5.4M
Grants Paid
$1M
Contributions
$602K
Net Investment Income
$333K
Distribution Amount
$477K
Total: $5.4M
Total Grants
4
Total Giving
$2M
Average Grant
$513K
Median Grant
$513K
Unique Recipients
3
Most Common Grant
$25K
of 2023 grantees were first-time recipients
| Recipient | Location | Amount | Year |
|---|---|---|---|
| Snite MuseumFUNDING COMMITMENT | Notre Dame, IN | $1M | 2023 |
| South Bend Museum Of ArtSUPPORT | South Bend, IN | $25K | 2022 |
| Notre Dame Du LacGENERAL SUPPORT | Notre Dame, IN | $1M | 2021 |