He and his wife Shima have one son, Zion, and they reside in Tampa, FL. In 2002, the couple started The Kevin Carter Foundation, which is an organization created to enrich the lives of children and focuses on youth and character development. Carter created a star-studded event in 2001 in Nashville entitled “Waiting for Wishes” Celebrity Waiter’s Dinner where he, fellow athletes and entertainers have raised over $2 million for his foundation and Make-A-Wish foundation to grant the wishes of children with life threatening illnesses. Carter often quotes his father’s saying, “To whom much is given, much is expected” and admits he tries to live by that today. The Kevin Carter Foundation makes a donation to Make-A-Wish® Middle Tennessee, the primary beneficiary of “Waiting for Wishes” with the proceeds of the event. Make-A-Wish® Middle Tennessee grants the wishes of children with life-threatening medical conditions to enrich the human experience with hope, strength and joy.

In 1998, Carter founded the Kevin Carter Football Endowment at the University of Florida, which provides scholarships to deserving college athletes.