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Ruth Carol Fund Inc. is a private corporation based in BALTIMORE, MD. The foundation received its IRS ruling in 2005. The principal officer is Donald R Mering. It holds total assets of $24.4M. Annual income is reported at $16.2M. Total assets have grown from $940K in 2011 to $24.4M in 2024. The foundation is governed by 6 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 2024. The foundation primarily funds organizations in Maryland and Oregon. According to available records, Ruth Carol Fund Inc. has made 30 grants totaling $6.5M, with a median grant of $75K. Annual giving has grown from $1.5M in 2020 to $3.4M in 2022. Individual grants have ranged from $21K to $1M, with an average award of $218K. The foundation has supported 11 unique organizations. Grants have been distributed to organizations in Maryland and Oregon. Contributions to this foundation are tax-deductible.
Ruth Carol Fund Inc. reported 30 individual grants totaling $6.5 million between 2020 and 2022 across its IRS Form 990-PF filings, with a median grant of $75,000. Half of those grants fell between $50,000 and $250,000. Its largest single grant in the record was $1.0 million. Its most recent available filing, for fiscal year 2023, reports $2.3 million in total giving.
Grantmaking is concentrated in MD, which received 26 of the 30 grants on record (87 percent). Of its 11 distinct grantees, 73 percent received funding more than once, so repeat relationships are the norm rather than the exception. Its largest institutional recipients were Baltimore Museum Of Art ($4.0 million), Gbmcsafe Dv Program ($1.2 million) and Gbmc Promise Project ($300,000).
Computed from 30 individual grant records (2020–2022) in this foundation's IRS Form 990-PF Part XV filings, reaching 2 states. Source: IRS 990-PF.
Smallest Grant
$21K
Median Grant
$63K
Average Grant
$206K
Largest Grant
$1M
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.
Ruth Carol Fund Inc. primarily funds organizations in the area of philanthropy & grantmaking. Based on available records, the foundation has funded 30 grants. Its grantmaking reaches organizations primarily in MD, OR.
Ruth Carol Fund Inc. has distributed a total of $6.5M across 30 grants. The median grant size is $75K, with an average of $218K. Individual grants have ranged from $21K to $1M.
Ruth Carol Fund Inc. typically selects its grantees rather than accepting unsolicited proposals.
Ruth Carol Fund Inc. is headquartered in BALTIMORE, MD. While based in MD, the foundation distributes grants to organizations across 2 states.
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| Name | Title | Compensation | Benefits | Total |
|---|---|---|---|---|
| Donald R Mering | PRESIDENT, DIRECTOR | $0 | $0 | N/A |
| Sanford S Donald | VICE PRESIDENT, DIRECTOR | $0 | $0 | N/A |
| Carolanne Harris | SECRETARY | $0 | $0 | N/A |
| Betty C Bannat | VICE PRESIDENT, DIRECTOR | $0 | $0 | N/A |
| John P Edgar | TREASURER, DIRECTOR | $0 | $0 | N/A |
| S Scott Tate | DIRECTOR | $0 | $0 | N/A |
Total Giving
N/A
Total Assets
$24.4M
Fair Market Value
N/A
Net Worth
$24.4M
Grants Paid
N/A
Contributions
N/A
Net Investment Income
N/A
Distribution Amount
N/A
Total Grants
30
Total Giving
$6.5M
Average Grant
$218K
Median Grant
$75K
Unique Recipients
11
Most Common Grant
$50K
of 2022 grantees were first-time recipients
| Recipient | Location | Amount | Year |
|---|---|---|---|
| Baltimore Museum Of ArtSUPPORT EXEMPT PURPOSES | Baltimore, MD | $1M | 2022 |
| Gbmcsafe Dv ProgramSUPPORT EXEMPT PURPOSES | Baltimore, MD | $300K | 2022 |
| Gbmc Promise ProjectSUPPORT EXEMPT PURPOSES | Baltimore, MD | $100K | 2022 |
| Edison High SchoolSUPPORT EXEMPT PURPOSES | Portland, OR | $75K | 2022 |
| Horizon Day CampSUPPORT EXEMPT PURPOSES | Baltimore, MD | $50K | 2022 |
| The Associated Jewish Community Federation Of BaltimoreSUPPORT EXEMPT PURPOSES | Baltimore, MD | $50K | 2022 |
| Baltimore Symphony OrchestraSUPPORT EXEMPT PURPOSES | Baltimore, MD | $50K | 2022 |
| Mt Washington Pediatric HospitalSUPPORT EXEMPT PURPOSES | Baltimore, MD | $50K | 2022 |
| M Washington Pediatric HospitalSUPPORT EXEMPT PURPOSES | Baltimore, MD | $50K | 2021 |
| Gbmc Safedv - Cortoflex SysteSUPPORT EXEMPT PURPOSES | Baltimore, MD | $21K | 2021 |
| Gbmc Walk-A-MileSUPPORT EXEMPT PURPOSES | Baltimore, MD | $30K | 2020 |
BALTIMORE, MD
OWINGS MILLS, MD
HANOVER, MD