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Carolina Trust is a private trust based in BRENTWOOD, TN. The foundation received its IRS ruling in 2020. The principal officer is Karen Bruton. It holds total assets of $2.7M. Annual income is reported at $54K. Total assets have grown from $1M in 2020 to $2.7M in 2024. The foundation is governed by 2 officers and trustees. The foundation operates in the area of philanthropy & grantmaking. According to its most recent filing, the foundation only makes contributions to preselected charitable organizations. Tax records are available from 2020 to 2024. The foundation primarily funds organizations in Tennessee, North Carolina and Georgia. According to available records, Carolina Trust has made 9 grants totaling $239K, with a median grant of $23K. Annual giving has decreased from $153K in 2021 to $86K in 2022. Individual grants have ranged from $5K to $105K, with an average award of $27K. The foundation has supported 4 unique organizations. Grants have been distributed to organizations in Tennessee and North Carolina and Georgia. Contributions to this foundation are tax-deductible.
Smallest Grant
$23K
Median Grant
$25K
Average Grant
$51K
Largest Grant
$105K
Based on 3 grants from the most recent 990-PF filing.
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.
Carolina Trust primarily funds organizations in the area of philanthropy & grantmaking. Based on available records, the foundation has funded 9 grants. Its grantmaking reaches organizations primarily in TN, NC, GA.
Carolina Trust has distributed a total of $239K across 9 grants. The median grant size is $23K, with an average of $27K. Individual grants have ranged from $5K to $105K.
Carolina Trust typically selects its grantees rather than accepting unsolicited proposals.
Carolina Trust is headquartered in BRENTWOOD, TN. While based in TN, the foundation distributes grants to organizations across 3 states.
| Name | Title | Compensation | Benefits | Total |
|---|---|---|---|---|
| Karen Bruton | TRUSTEE | $60K | $0 | $60K |
| Ben Turner | TRUSTEE | $0 | $0 | N/A |
Total Giving
N/A
Total Assets
$2.7M
Fair Market Value
N/A
Net Worth
$2.7M
Grants Paid
N/A
Contributions
N/A
Net Investment Income
N/A
Distribution Amount
N/A
Total Grants
9
Total Giving
$239K
Average Grant
$27K
Median Grant
$23K
Unique Recipients
4
Most Common Grant
$10K
of 2022 grantees were first-time recipients
| Recipient | Location | Amount | Year |
|---|---|---|---|
| Helping Hands MinistriesSUPPORT MISSION | Tallulah Falls, GA | $23K | 2021 |
| The Educational Foundation IncSUPPORT MISSION | Chapel Hill, NC | $28K | 2022 |
| Fellowship Bible ChurchSUPPORT MISSION | Brentwood, TN | $10K | 2022 |
| Andrea Bocelli FoundationSUPPORT MISSION | — | $5K | 2022 |
UNION CITY, TN
CHATTANOOGA, TN
NASHVILLE, TN