Nonprofit · EIN 56-2305290
CAROL AND GENE LUDWIG FAMILY FOUNDATION
Tax-exempt · WASHINGTON, DC 20006
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990-PF | $31,966,634 | $9,383,593 | $22,583,041 | $137,501,113 | $32,927 | $137,468,186 |
| December 31, 2023 | 990-PF | $9,043,128 | $11,935,165 | -$2,892,037 | $114,961,194 | $73,217 | $114,887,977 |
Financial details: 990-PF for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $0
- Dividends
- $5,398,767
- Interest
- $2,473
- Net gain from sales of assets
- $26,564,244
- Other income
- $1,150
Expenses
- Grants and similar amounts paid
- $8,161,375
- Compensation of officers, directors and key employees
- $0
- Salaries, compensation and benefits (total)
- $628,545
- Disbursements for charitable purposes
- $9,153,421
- Excise tax on investment income
- $443,931
Balance sheet and other
- Total assets, start of year
- $114,961,194
- Total assets, end of year
- $137,501,113
- Total liabilities, end of year
- $32,927
- Net assets, end of year
- $137,468,186
- Fair market value of assets
- $278,947,133
- Qualifying distributions
- $9,153,421
- Net investment income
- $31,966,634
From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.
Officers, directors and key employees
As listed on the 990-PF for the year ended December 31, 2024, highest compensation first.
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| AMANDA BORDEN 1700 PENNSYLVANIA AVE NW, WASHINGTON, DC 20006 | CHIEF STRAT&OPPS OFF Highest-paid employee | 40 | $259,545 | $50,465 |
| DIANA SHINEMAN GUSTAFSSON 1700 PENNSYLVANIA AVE NW, WASHINGTON, DC 20006 | MED PROGRAM DIRECTOR Highest-paid employee | 40 | $224,000 | $70,446 |
| MEGHAN BEHNKE 1700 PENNSYLVANIA AVE NW, WASHINGTON, DC 20006 | EDU PROGRAM OFFICER Highest-paid employee | 40 | $145,000 | $16,856 |
| CAROL LUDWIG 1700 PENNSYLVANIA AVE NW, WASHINGTON, DC 20006 | PRESIDENT/DIRECTOR | 25 | $0 | $0 |
| EUGENE A LUDWIG 1700 PENNSYLVANIA AVE NW, WASHINGTON, DC 20006 | SECRETARY/TREASURER/DIRECTOR | 1 | $0 | $0 |
| ROBERT B BARNETT ESQ 1700 PENNSYLVANIA AVE NW, WASHINGTON, DC 20006 | DIRECTOR | 0.1 | $0 | $0 |
| MATTHEW GIACOMINI 1700 PENNSYLVANIA AVE NW, WASHINGTON, DC 20006 | VICE PRESIDENT | 5 | $0 | $0 |
990-PF for the year ended December 31, 2023: 8 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| DIANA SHINEMAN GUSTAFSSON 1700 PENNSYLVANIA AVE NW, WASHINGTON, DC 20006 | MED PROGRAM DIRECTOR Highest-paid employee | 40 | $207,000 | $64,904 |
| MEGHAN BEHNKE 1700 PENNSYLVANIA AVE NW, WASHINGTON, DC 20006 | EDU PROGRAM OFFICER Highest-paid employee | 40 | $140,000 | $16,166 |
| AMANDA BORDEN 1700 PENNSYLVANIA AVE NW, WASHINGTON, DC 20006 | CHIEF STRAT&OPPS OFF Highest-paid employee | 35 | $20,000 | $8,202 |
| CAROL LUDWIG 1700 PENNSYLVANIA AVE NW, WASHINGTON, DC 20006 | PRESIDENT/SECRETARY/DIRECTOR | 25 | $0 | $0 |
| EUGENE A LUDWIG 1700 PENNSYLVANIA AVE NW, WASHINGTON, DC 20006 | VP/TREASURER/DIRECTOR | 1 | $0 | $0 |
| ROBERT B BARNETT ESQ 1700 PENNSYLVANIA AVE NW, WASHINGTON, DC 20006 | DIRECTOR | 0.1 | $0 | $0 |
| MATTHEW GIACOMINI 1700 PENNSYLVANIA AVE NW, WASHINGTON, DC 20006 | VICE PRESIDENT (FROM 8.2.23) | 5 | $0 | $0 |
| CATHERINE KAPLUN 1700 PENNSYLVANIA AVE NW, WASHINGTON, DC 20006 | EXEC DIRECTOR (UNTIL 2.15.23) | 20 | $0 | $0 |
Address and contacts
- Address (IRS master file)
- 1700 PENNSYLVANIA AVE NW STE 500, WASHINGTON, DC 20006-4714
- In care of
- % CAROL & GENE LUDWIG FAMILY F
- Signed the 990-PF
- CAROL LUDWIG, PRESIDENT
- Phone
- (202) 315-1815
- Return prepared by
- PWC US TAX LLP
What it must file and when
IRS records say it files Form 990-PF. Private foundations file every year. Its accounting year ends in December, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | December 31, 2025 | May 15, 2026 | Not on file |
| 2024 | December 31, 2024 | May 15, 2025 | 990-PF on file |
| 2023 | December 31, 2023 | May 15, 2024 | 990-PF on file |
IRS record
- EIN
- 56-2305290
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Private non-operating foundation
- Donations deductible (Pub 78)
- Private foundation, 30% limit
- Exempt since
- 2003
- Accounting year ends
- December
- Files
- Form 990-PF
- Category (NTEE)
- Philanthropy, voluntarism and grantmaking foundations (T20)
- Assets (IRS master file)
- $137,501,113
- Income (IRS master file)
- $119,922,820
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990-PF | December 2024 | $31,966,634 | $9,383,593 | $137,501,113 | XML |
| 990-PF | December 2023 | $9,043,128 | $11,935,165 | $114,961,194 | XML |
| 990-PF | December 2022 | – | – | – | IRS |
| 990-PF | December 2021 | – | – | – | IRS |
| 990-PF | December 2020 | – | – | – | IRS |
| 990-PF | December 2018 | – | – | – | IRS |
| 990-PF | December 2017 | – | – | – | IRS |
990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 56-2305290).
Questions about CAROL AND GENE LUDWIG FAMILY FOUNDATION
- What is the EIN of CAROL AND GENE LUDWIG FAMILY FOUNDATION?
- The employer identification number (EIN) of CAROL AND GENE LUDWIG FAMILY FOUNDATION is 56-2305290.
- Is CAROL AND GENE LUDWIG FAMILY FOUNDATION tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2003.
- Are donations to CAROL AND GENE LUDWIG FAMILY FOUNDATION tax-deductible?
- Yes. It is listed in IRS Publication 78 (Private foundation, 30% limit).
- Which annual return does CAROL AND GENE LUDWIG FAMILY FOUNDATION file?
- Form 990-PF. Private foundations file every year.
- When is the next return of CAROL AND GENE LUDWIG FAMILY FOUNDATION due?
- The return for tax year 2025 (the year ending December 31, 2025) is due May 15, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did CAROL AND GENE LUDWIG FAMILY FOUNDATION last file with the IRS?
- The latest return in the IRS public files is the 990-PF for the year ended December 2024.
- Who are the officers and directors of CAROL AND GENE LUDWIG FAMILY FOUNDATION?
- The 990-PF for the year ended December 31, 2024 lists 7 people; 3 received compensation from the organization, the highest $259,545 (AMANDA BORDEN, CHIEF STRAT&OPPS OFF).
- How much revenue does CAROL AND GENE LUDWIG FAMILY FOUNDATION have?
- On its 990-PF for the year ended December 31, 2024 it reported revenue of $31,966,634, expenses of $9,383,593 and total assets of $137,501,113 at year end.
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