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Lakes Charitable Foundation is a private corporation based in WILMINGTON, DE. The foundation received its IRS ruling in 2012. The principal officer is Foundation Source. It holds total assets of $215K. Annual income is reported at $42K. Total assets have decreased from $455K in 2010 to $215K in 2023. 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 2015 to 2023. The foundation primarily funds organizations in California, Iowa and District of Columbia. According to available records, Lakes Charitable Foundation has made 16 grants totaling $282K, with a median grant of $16K. Annual giving has grown from $86K in 2021 to $196K in 2022. Individual grants have ranged from $1K to $50K, with an average award of $18K. The foundation has supported 8 unique organizations. The foundation primarily supports organizations in District of Columbia, California, Maryland, which account for 75% of all grants. Grantmaking reaches organizations across 4 states. Contributions to this foundation are tax-deductible.
Smallest Grant
$1K
Median Grant
$5K
Average Grant
$11K
Largest Grant
$42K
Based on 8 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.
Lakes Charitable Foundation primarily funds organizations in the area of philanthropy & grantmaking. Based on available records, the foundation has funded 16 grants. Its grantmaking reaches organizations primarily in DC, CA, MD.
Lakes Charitable Foundation has distributed a total of $282K across 16 grants. The median grant size is $16K, with an average of $18K. Individual grants have ranged from $1K to $50K.
Lakes Charitable Foundation typically selects its grantees rather than accepting unsolicited proposals.
Lakes Charitable Foundation is headquartered in WILMINGTON, DE. While based in DE, the foundation distributes grants to organizations across 4 states.
| Name | Title | Compensation | Benefits | Total |
|---|---|---|---|---|
| Kevin Carnahan | Co-Pres, Dir, Sec | $0 | $0 | N/A |
| Laurie Carnahan | Co- Pres, Dir | $0 | $0 | N/A |
Total Giving
$33K
Total Assets
$215K
Fair Market Value
$245K
Net Worth
$215K
Grants Paid
$22K
Contributions
$35K
Net Investment Income
$6K
Distribution Amount
$58K
Total: $4K
Total Grants
16
Total Giving
$282K
Average Grant
$18K
Median Grant
$16K
Unique Recipients
8
Most Common Grant
$20K
of 2022 grantees were first-time recipients
| Recipient | Location | Amount | Year |
|---|---|---|---|
| SojournersGeneral & Unrestricted | Washington, DC | $50K | 2022 |
| Impactassets Inc1to4 GiftVest Fund | Bethesda, MD | $20K | 2022 |
| Mce Social CapitalGeneral & Unrestricted | San Francisco, CA | $20K | 2022 |
| Young LifeGeneral & Unrestricted | Harlan, IA | $8K | 2022 |
| Baymarin Community ChurchGeneral & Unrestricted | San Rafael, CA | $42K | 2021 |
| Golden Gate National Parks ConservancyGeneral & Unrestricted | San Francisco, CA | $1K | 2021 |
| Gilead HouseGeneral & Unrestricted | Novato, CA | $1K | 2021 |
| Marin County Bicycle CoalitionGeneral & Unrestricted | Fairfax, CA | $1K | 2021 |