﻿<?xml version="1.0" encoding="utf-8"?>
<Return xmlns="http://www.irs.gov/efile" xmlns:xsi="http://www.w3.org/2001/XMLSchema-instance" xsi:schemaLocation="http://www.irs.gov/efile" returnVersion="2019v5.1">
  <ReturnHeader binaryAttachmentCnt="0">
    <ReturnTs>2020-11-25T10:00:49-00:00</ReturnTs>
    <TaxPeriodEndDt>2019-12-31</TaxPeriodEndDt>
    <PreparerFirmGrp>
      <PreparerFirmName>
        <BusinessNameLine1Txt>BCA FINANCIAL</BusinessNameLine1Txt>
      </PreparerFirmName>
      <PreparerUSAddress>
        <AddressLine1Txt>1001 CONNECTICUT AVE NW SUITE 745</AddressLine1Txt>
        <CityNm>WASHINGTON</CityNm>
        <StateAbbreviationCd>DC</StateAbbreviationCd>
        <ZIPCd>20036</ZIPCd>
      </PreparerUSAddress>
    </PreparerFirmGrp>
    <ReturnTypeCd>990PF</ReturnTypeCd>
    <TaxPeriodBeginDt>2019-01-01</TaxPeriodBeginDt>
    <Filer>
      <EIN>522037253</EIN>
      <BusinessName>
        <BusinessNameLine1Txt>CARTER FOUNDATION</BusinessNameLine1Txt>
      </BusinessName>
      <BusinessNameControlTxt>CART</BusinessNameControlTxt>
      <PhoneNum>2022437331</PhoneNum>
      <USAddress>
        <AddressLine1Txt>212 VAN BUREN ST NW</AddressLine1Txt>
        <CityNm>WASHINGTON</CityNm>
        <StateAbbreviationCd>DC</StateAbbreviationCd>
        <ZIPCd>20012</ZIPCd>
      </USAddress>
    </Filer>
    <BusinessOfficerGrp>
      <PersonNm>RICHARD S CARTER</PersonNm>
      <PersonTitleTxt>EXECUTIVE DIRECTOR</PersonTitleTxt>
      <SignatureDt>2020-11-25</SignatureDt>
      <DiscussWithPaidPreparerInd>false</DiscussWithPaidPreparerInd>
    </BusinessOfficerGrp>
    <PreparerPersonGrp>
      <PreparerPersonNm>MICHAEL J COBB</PreparerPersonNm>
      <PhoneNum>2027783440</PhoneNum>
      <PreparationDt>2020-11-25</PreparationDt>
    </PreparerPersonGrp>
    <FilingSecurityInformation>
      <IPAddress>
        <IPv4AddressTxt>107.191.186.221</IPv4AddressTxt>
      </IPAddress>
      <IPDt>2020-11-25</IPDt>
      <IPTm>14:27:06</IPTm>
      <IPTimezoneCd>ES</IPTimezoneCd>
      <FederalOriginalSubmissionId>7809302020197t7jzyua</FederalOriginalSubmissionId>
      <FederalOriginalSubmissionIdDt>2020-11-24</FederalOriginalSubmissionIdDt>
      <FilingLicenseTypeCd>P</FilingLicenseTypeCd>
      <AtSubmissionCreationDeviceId>E99BEA1D1291D5DBB8F39ACAB5E8F2C21C0ACD04</AtSubmissionCreationDeviceId>
      <AtSubmissionFilingDeviceId>268095B580CCD1FF88A97469E9CAB8514A5061E0</AtSubmissionFilingDeviceId>
    </FilingSecurityInformation>
    <TaxYr>2019</TaxYr>
    <BuildTS>2021-04-22 16:20:28Z</BuildTS>
  </ReturnHeader>
  <ReturnData documentCnt="7">
    <IRS990PF documentId="990PF" softwareId="19009610" softwareVersionNum="19.2.1.0">
      <Organization501c3ExemptPFInd>X</Organization501c3ExemptPFInd>
      <FMVAssetsEOYAmt>823535</FMVAssetsEOYAmt>
      <MethodOfAccountingCashInd>X</MethodOfAccountingCashInd>
      <AnalysisOfRevenueAndExpenses>
        <InterestOnSavRevAndExpnssAmt>798</InterestOnSavRevAndExpnssAmt>
        <InterestOnSavNetInvstIncmAmt>798</InterestOnSavNetInvstIncmAmt>
        <InterestOnSavingsAdjNetIncmAmt>798</InterestOnSavingsAdjNetIncmAmt>
        <DividendsRevAndExpnssAmt>16694</DividendsRevAndExpnssAmt>
        <DividendsNetInvstIncmAmt>16694</DividendsNetInvstIncmAmt>
        <DividendsAdjNetIncmAmt>16694</DividendsAdjNetIncmAmt>
        <NetGainSaleAstRevAndExpnssAmt referenceDocumentId="990PF:108">37811</NetGainSaleAstRevAndExpnssAmt>
        <GrossSalesPriceAmt>62264</GrossSalesPriceAmt>
        <CapGainNetIncmNetInvstIncmAmt>2626</CapGainNetIncmNetInvstIncmAmt>
        <TotalRevAndExpnssAmt>55303</TotalRevAndExpnssAmt>
        <TotalNetInvstIncmAmt>20118</TotalNetInvstIncmAmt>
        <TotalAdjNetIncmAmt>17492</TotalAdjNetIncmAmt>
        <TaxesRevAndExpnssAmt referenceDocumentId="990PF:114">162</TaxesRevAndExpnssAmt>
        <TaxesNetInvstIncmAmt>162</TaxesNetInvstIncmAmt>
        <OtherExpensesRevAndExpnssAmt referenceDocumentId="990PF:115">10581</OtherExpensesRevAndExpnssAmt>
        <OtherExpensesNetInvstIncmAmt>10581</OtherExpensesNetInvstIncmAmt>
        <TotOprExpensesRevAndExpnssAmt>10743</TotOprExpensesRevAndExpnssAmt>
        <TotOprExpensesNetInvstIncmAmt>10743</TotOprExpensesNetInvstIncmAmt>
        <TotOprExpensesDsbrsChrtblAmt>0</TotOprExpensesDsbrsChrtblAmt>
        <ContriPaidRevAndExpnssAmt>0</ContriPaidRevAndExpnssAmt>
        <ContriPaidDsbrsChrtblAmt>0</ContriPaidDsbrsChrtblAmt>
        <TotalExpensesRevAndExpnssAmt>10743</TotalExpensesRevAndExpnssAmt>
        <TotalExpensesNetInvstIncmAmt>10743</TotalExpensesNetInvstIncmAmt>
        <TotalExpensesDsbrsChrtblAmt>0</TotalExpensesDsbrsChrtblAmt>
        <ExcessRevenueOverExpensesAmt>44560</ExcessRevenueOverExpensesAmt>
        <NetInvestmentIncomeAmt>9375</NetInvestmentIncomeAmt>
        <AdjustedNetIncomeAmt>17492</AdjustedNetIncomeAmt>
      </AnalysisOfRevenueAndExpenses>
      <Form990PFBalanceSheetsGrp>
        <OtherInvestmentsBOYAmt>778975</OtherInvestmentsBOYAmt>
        <OtherInvestmentsEOYAmt referenceDocumentId="990PF:131">823535</OtherInvestmentsEOYAmt>
        <OtherInvestmentsEOYFMVAmt>823535</OtherInvestmentsEOYFMVAmt>
        <TotalAssetsBOYAmt>778975</TotalAssetsBOYAmt>
        <TotalAssetsEOYAmt>823535</TotalAssetsEOYAmt>
        <TotalAssetsEOYFMVAmt>823535</TotalAssetsEOYFMVAmt>
        <TotalLiabilitiesEOYAmt>0</TotalLiabilitiesEOYAmt>
        <CapitalStockBOYAmt>778975</CapitalStockBOYAmt>
        <CapitalStockEOYAmt>823535</CapitalStockEOYAmt>
        <TotNetAstOrFundBalancesBOYAmt>778975</TotNetAstOrFundBalancesBOYAmt>
        <TotNetAstOrFundBalancesEOYAmt>823535</TotNetAstOrFundBalancesEOYAmt>
        <TotalLiabilitiesNetAstBOYAmt>778975</TotalLiabilitiesNetAstBOYAmt>
        <TotalLiabilitiesNetAstEOYAmt>823535</TotalLiabilitiesNetAstEOYAmt>
      </Form990PFBalanceSheetsGrp>
      <ChgInNetAssetsFundBalancesGrp>
        <TotNetAstOrFundBalancesBOYAmt>778975</TotNetAstOrFundBalancesBOYAmt>
        <ExcessRevenueOverExpensesAmt>44560</ExcessRevenueOverExpensesAmt>
        <SubtotalAmt>823535</SubtotalAmt>
        <TotNetAstOrFundBalancesEOYAmt>823535</TotNetAstOrFundBalancesEOYAmt>
      </ChgInNetAssetsFundBalancesGrp>
      <CapGainsLossTxInvstIncmDetail>
        <CapitalGainNetIncomeAmt>2626</CapitalGainNetIncomeAmt>
      </CapGainsLossTxInvstIncmDetail>
      <QlfyUndSect4940eReducedTaxGrp>
        <AdjustedQlfyDistriYr1Amt>10000</AdjustedQlfyDistriYr1Amt>
        <NetVlNoncharitableAssetsYr4Amt>844517</NetVlNoncharitableAssetsYr4Amt>
      </QlfyUndSect4940eReducedTaxGrp>
      <ExciseTaxBasedOnInvstIncmGrp>
        <InvestmentIncomeExciseTaxAmt>188</InvestmentIncomeExciseTaxAmt>
        <SubtotalAmt>188</SubtotalAmt>
        <TaxBasedOnInvestmentIncomeAmt>188</TaxBasedOnInvestmentIncomeAmt>
        <TaxDueAmt>188</TaxDueAmt>
      </ExciseTaxBasedOnInvstIncmGrp>
      <StatementsRegardingActyGrp>
        <ChangesToArticlesOrBylawsInd>false</ChangesToArticlesOrBylawsInd>
        <UnrelatedBusIncmOverLimitInd>false</UnrelatedBusIncmOverLimitInd>
        <AtLeast5000InAssetsInd>true</AtLeast5000InAssetsInd>
        <PrivateOperatingFoundationInd>false</PrivateOperatingFoundationInd>
        <NewSubstantialContributorsInd>false</NewSubstantialContributorsInd>
        <ComplyWithPublicInspRqrInd>false</ComplyWithPublicInspRqrInd>
        <IndividualWithBooksNm>RICHARD S CARTER</IndividualWithBooksNm>
        <PhoneNum>2022437331</PhoneNum>
        <LocationOfBooksUSAddress>
          <AddressLine1Txt>212 VAN BUREN ST NW</AddressLine1Txt>
          <CityNm>WASHINGTON</CityNm>
          <StateAbbreviationCd>DC</StateAbbreviationCd>
          <ZIPCd>20011</ZIPCd>
        </LocationOfBooksUSAddress>
        <ForeignAccountsQuestionInd>false</ForeignAccountsQuestionInd>
      </StatementsRegardingActyGrp>
      <StatementsRegardingActy4720Grp>
        <SaleOrExchDisqualifiedPrsnInd>false</SaleOrExchDisqualifiedPrsnInd>
        <BrrwOrLendDisqualifiedPrsnInd>false</BrrwOrLendDisqualifiedPrsnInd>
        <FurnGoodsDisqualifiedPrsnInd>false</FurnGoodsDisqualifiedPrsnInd>
        <PayCompDisqualifiedPrsnInd>false</PayCompDisqualifiedPrsnInd>
        <TransferAstDisqualifiedPrsnInd>false</TransferAstDisqualifiedPrsnInd>
        <PaymentToGovernmentOfficialInd>false</PaymentToGovernmentOfficialInd>
        <UncorrectedPriorActsInd>false</UncorrectedPriorActsInd>
        <BusinessHoldingsInd>false</BusinessHoldingsInd>
        <JeopardyInvestmentsInd>false</JeopardyInvestmentsInd>
        <UncorrectedPYJeopardyInvstInd>false</UncorrectedPYJeopardyInvstInd>
        <InfluenceLegislationInd>false</InfluenceLegislationInd>
        <InfluenceElectionInd>false</InfluenceElectionInd>
        <GrantsToIndividualsInd>false</GrantsToIndividualsInd>
        <GrantsToOrganizationsInd>false</GrantsToOrganizationsInd>
        <NoncharitablePurposeInd>false</NoncharitablePurposeInd>
        <MaintainedExpenditureRspnsInd>false</MaintainedExpenditureRspnsInd>
        <RcvFndsToPayPrsnlBnftCntrctInd>false</RcvFndsToPayPrsnlBnftCntrctInd>
        <PayPremiumsPrsnlBnftCntrctInd>false</PayPremiumsPrsnlBnftCntrctInd>
      </StatementsRegardingActy4720Grp>
      <OfficerDirTrstKeyEmplInfoGrp>
        <OfficerDirTrstKeyEmplGrp>
          <PersonNm>RICHARD S CARTER</PersonNm>
          <USAddress>
            <AddressLine1Txt>212 VAN BUREN ST NW</AddressLine1Txt>
            <CityNm>WASHINGTON</CityNm>
            <StateAbbreviationCd>DC</StateAbbreviationCd>
            <ZIPCd>20011</ZIPCd>
          </USAddress>
          <TitleTxt>PRESIDENT</TitleTxt>
          <AverageHrsPerWkDevotedToPosRt>000.00</AverageHrsPerWkDevotedToPosRt>
          <CompensationAmt>0</CompensationAmt>
        </OfficerDirTrstKeyEmplGrp>
        <OfficerDirTrstKeyEmplGrp>
          <PersonNm>LARRY D BAILEY</PersonNm>
          <USAddress>
            <AddressLine1Txt>2762 UNICORN LANE NW</AddressLine1Txt>
            <CityNm>WASHINGTON</CityNm>
            <StateAbbreviationCd>DC</StateAbbreviationCd>
            <ZIPCd>20015</ZIPCd>
          </USAddress>
          <TitleTxt>DIRECTOR</TitleTxt>
          <AverageHrsPerWkDevotedToPosRt>000.00</AverageHrsPerWkDevotedToPosRt>
          <CompensationAmt>0</CompensationAmt>
        </OfficerDirTrstKeyEmplGrp>
        <OfficerDirTrstKeyEmplGrp>
          <PersonNm>MICHAEL J COBB</PersonNm>
          <USAddress>
            <AddressLine1Txt>7816 MORNINGSIDE DR NW</AddressLine1Txt>
            <CityNm>WASHINGTON</CityNm>
            <StateAbbreviationCd>DC</StateAbbreviationCd>
            <ZIPCd>20012</ZIPCd>
          </USAddress>
          <TitleTxt>DIRECTOR</TitleTxt>
          <AverageHrsPerWkDevotedToPosRt>000.00</AverageHrsPerWkDevotedToPosRt>
          <CompensationAmt>0</CompensationAmt>
        </OfficerDirTrstKeyEmplGrp>
      </OfficerDirTrstKeyEmplInfoGrp>
      <SummaryOfDirectChrtblActyGrp>
        <Description1Txt>N/A</Description1Txt>
        <Expenses1Amt>0</Expenses1Amt>
      </SummaryOfDirectChrtblActyGrp>
      <DistributableAmountGrp>
        <MinimumInvestmentReturnAmt>188</MinimumInvestmentReturnAmt>
        <TaxBasedOnInvestmentIncomeAmt>188</TaxBasedOnInvestmentIncomeAmt>
        <TotalTaxAmt>188</TotalTaxAmt>
        <DistributableAsAdjustedAmt>0</DistributableAsAdjustedAmt>
      </DistributableAmountGrp>
      <QualifyingDistriPartXIIGrp>
        <ExpensesAndContributionsAmt>0</ExpensesAndContributionsAmt>
      </QualifyingDistriPartXIIGrp>
      <UndistributedIncomeGrp>
        <DistributableAsAdjustedAmt>0</DistributableAsAdjustedAmt>
        <ExcessDistributionCyovYr1Amt>10000</ExcessDistributionCyovYr1Amt>
        <TotalExcessDistributionCyovAmt>10000</TotalExcessDistributionCyovAmt>
        <TotalCorpusAmt>10000</TotalCorpusAmt>
        <UndistributedIncomeCYAmt>0</UndistributedIncomeCYAmt>
        <ExcessDistriCyovToNextYrAmt>10000</ExcessDistriCyovToNextYrAmt>
        <ExcessFromYear1Amt>10000</ExcessFromYear1Amt>
      </UndistributedIncomeGrp>
      <SupplementaryInformationGrp>
        <OnlyContriToPreselectedInd>X</OnlyContriToPreselectedInd>
      </SupplementaryInformationGrp>
      <AnalysisIncomeProducingActyGrp>
        <IntOnSavAndTempCashInvstGrp>
          <ExclusionCd>14</ExclusionCd>
        </IntOnSavAndTempCashInvstGrp>
        <DivAndIntFromSecPartVIIGrp>
          <ExclusionCd>14</ExclusionCd>
        </DivAndIntFromSecPartVIIGrp>
        <GainSalesAstOthThanInvntryGrp>
          <ExclusionCd>18</ExclusionCd>
        </GainSalesAstOthThanInvntryGrp>
      </AnalysisIncomeProducingActyGrp>
      <TrnsfrTransRlnNonchrtblEOGrp>
        <TrnsfrOfCashToNonchrtblEOInd>false</TrnsfrOfCashToNonchrtblEOInd>
        <TrnsfrOtherAssetNonchrtblEOInd>false</TrnsfrOtherAssetNonchrtblEOInd>
        <SalesOrExchangesOfAssetsInd>false</SalesOrExchangesOfAssetsInd>
        <PurchaseOfAssetsNonchrtblEOInd>false</PurchaseOfAssetsNonchrtblEOInd>
        <RentalOfFacilitiesOthAssetsInd>false</RentalOfFacilitiesOthAssetsInd>
        <ReimbursementArrangementsInd>false</ReimbursementArrangementsInd>
        <LoansOrLoanGuaranteesInd>false</LoansOrLoanGuaranteesInd>
        <PerformanceOfServicesEtcInd>false</PerformanceOfServicesEtcInd>
        <SharingOfFacilitiesEtcInd>false</SharingOfFacilitiesEtcInd>
        <RelationshipsNonchrtblEOInd>false</RelationshipsNonchrtblEOInd>
      </TrnsfrTransRlnNonchrtblEOGrp>
    </IRS990PF>
    <AccountingFeesSchedule documentId="990PF:112" softwareId="19009610" softwareVersionNum="19.2.1.0"></AccountingFeesSchedule>
    <GainLossSaleOtherAssetsSch documentId="990PF:108" softwareId="19009610" softwareVersionNum="19.2.1.0">
      <GainLossSaleOtherAssetGrp>
        <AssetDesc>BANK OF AMERICA</AssetDesc>
        <AcquiredDt>2009-11</AcquiredDt>
        <HowAcquiredTxt>P</HowAcquiredTxt>
        <SoldDt>2019-05</SoldDt>
        <GrossSalesPriceAmt>59638</GrossSalesPriceAmt>
        <BasisAmt>24453</BasisAmt>
        <TotalNetAmt>35185</TotalNetAmt>
      </GainLossSaleOtherAssetGrp>
    </GainLossSaleOtherAssetsSch>
    <InvestmentsCorpStockSchedule documentId="990PF:122" softwareId="19009610" softwareVersionNum="19.2.1.0"></InvestmentsCorpStockSchedule>
    <InvestmentsOtherSchedule2 documentId="990PF:131" softwareId="19009610" softwareVersionNum="19.2.1.0">
      <InvestmentsOtherGrp>
        <CategoryOrItemTxt>US TRUST</CategoryOrItemTxt>
        <ListedAtCostOrFMVCd>FMV</ListedAtCostOrFMVCd>
        <BookValueAmt>823535</BookValueAmt>
        <EOYFMVAmt>823535</EOYFMVAmt>
      </InvestmentsOtherGrp>
    </InvestmentsOtherSchedule2>
    <OtherExpensesSchedule documentId="990PF:115" softwareId="19009610" softwareVersionNum="19.2.1.0">
      <OtherExpensesScheduleGrp>
        <Desc>MANAGEMENT FEES</Desc>
        <RevenueAndExpensesPerBooksAmt>10581</RevenueAndExpensesPerBooksAmt>
        <NetInvestmentIncomeAmt>10581</NetInvestmentIncomeAmt>
      </OtherExpensesScheduleGrp>
    </OtherExpensesSchedule>
    <TaxesSchedule documentId="990PF:114" softwareId="19009610" softwareVersionNum="19.2.1.0">
      <TaxesDetail>
        <CategoryTxt>FOREIGN TAXES</CategoryTxt>
        <Amt>162</Amt>
        <NetInvestmentIncomeAmt>162</NetInvestmentIncomeAmt>
      </TaxesDetail>
    </TaxesSchedule>
  </ReturnData>
</Return>