# Carson Family Charitable Trust

Carson Family Charitable Trust is an Endowment / Foundation based in New York, United States.

## Overview

- **Organization type:** Endowment / Foundation
- **Headquarters:** New York, United States
- **Region:** North America
- **Address:** 650 Madison Ave Fl 26, New York, NY, United States
- **Founded:** 1990
- **Assets under management:** 449 (Altss estimate)

## Regulatory record

- **Reports private funds:** No

## About

Russell L. Carson established the Carson Family Charitable Trust in 1990 alongside his wife Judith and children Cecily and Edward. The vehicle serves as the primary philanthropic outlet for wealth generated through the private equity firm Welsh, Carson, Anderson & Stowe. The trust deploys capital via direct grants and program-related investments across education, poverty relief, healthcare, medical science, culture, and community development. Confirmed holdings include Select Medical Holdings, Welsh, Carson and Anderson & Stowe XIV. Geographic focus centers on New York City with additional activity in Florida and the Hudson Valley. The foundation also maintains real estate assets including a Fifth Avenue residence and a Millbrook estate. The trust reports 449 million dollars in assets. Russell L. Carson appeared on the Improving Alpha Podcast in February 2024 to discuss venture capital, private equity, and philanthropy. Additional family vehicles include The Carson Family Foundation Inc. in Florida. Russell Carson holds board roles at the Partnership for New York City and Dutchess Land Conservancy. The foundation operates as a grant-making entity tied directly to the Carson family's operating business at Welsh, Carson, Anderson & Stowe rather than functioning as a standalone family office. Governance remains concentrated within immediate family members with Cecily M. Carson serving as president.

## Sectors

- Education
- Healthcare
- Culture

## People

- Russell L. Carson — Founder
- Cecily M. Carson — President
- Judith Carson — Trustee

## Questions

### Who runs investment decisions at Carson Family Charitable Trust?

Russell L. Carson founded the trust. Cecily M. Carson serves as president. Decisions center on grant allocation rather than active securities management.

### Does Carson Family Charitable Trust participate in fund commitments or only direct deals?

The trust holds a position in Welsh, Carson, Anderson & Stowe XIV as a limited partner. Primary activity consists of direct grants to nonprofits.

### What investment stages does Carson Family Charitable Trust typically target?

The vehicle focuses on grant-making rather than venture or growth equity stages. It maintains exposure to mature healthcare and technology companies through public equity holdings.

### How is Carson Family Charitable Trust related to Welsh, Carson, Anderson & Stowe?

The trust's assets derive from the Carson family's ownership in Welsh, Carson, Anderson & Stowe. Russell L. Carson remains a principal at the firm.

### What is Carson Family Charitable Trust's known posture on co-investments alongside external GPs?

The trust has not disclosed a formal co-investment program. Its private equity exposure occurs through existing Welsh, Carson, Anderson & Stowe funds.

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Last updated: 2026-06-03T20:00:00.000Z

Canonical page: https://altss.com/profile/carson-family-charitable-trust

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