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Elia And Fannie Karas Foundation Inc. is a private corporation based in SOUTH BOSTON, MA. The foundation received its IRS ruling in 1957. It holds total assets of $774K. Annual income is reported at $150K. Total assets have grown from $222K in 2010 to $967K in 2022. The foundation is governed by 2 officers and trustees. Tax records are available from 2021 to 2023. According to available records, Elia And Fannie Karas Foundation Inc. has made 8 grants totaling $103K, with a median grant of $9K. Individual grants have ranged from $1K to $50K, with an average award of $13K. The foundation has supported 8 unique organizations. Grants have been distributed to organizations in Massachusetts and Maine. Contributions to this foundation are tax-deductible.
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.
Elia And Fannie Karas Foundation Inc. is a private foundation that provides grants to eligible organizations. Based on available records, the foundation has funded 8 grants. Its grantmaking reaches organizations primarily in MA, ME.
Elia And Fannie Karas Foundation Inc. has distributed a total of $103K across 8 grants. The median grant size is $9K, with an average of $13K. Individual grants have ranged from $1K to $50K.
No restrictions except that it must be a tax-exempt charitable organization.
Elia And Fannie Karas Foundation Inc. is headquartered in SOUTH BOSTON, MA. While based in MA, the foundation distributes grants to organizations across 2 states.
| Name | Title | Compensation | Benefits | Total |
|---|---|---|---|---|
| Joseph Karas | PRESIDENT | $0 | $0 | N/A |
| Barbara Karas | TREASURER | $0 | $0 | N/A |
Total Giving
$138K
Total Assets
$967K
Fair Market Value
$967K
Net Worth
$967K
Grants Paid
$133K
Contributions
$200K
Net Investment Income
$933
Distribution Amount
$46K
Total: N/A
Total Grants
8
Total Giving
$103K
Average Grant
$13K
Median Grant
$9K
Unique Recipients
8
Most Common Grant
$10K
of 2022 grantees were first-time recipients
| Recipient | Location | Amount | Year |
|---|---|---|---|
| Beth IsraelCHARITABLE CONTRIBUTION | Boston, MA | $50K | 2022 |
| Marr Charitable FoundationCHARITABLE CONTRIBUTION | South Boston, MA | $1K | 2022 |
| Friends Of ChildrenCHARITABLE CONTRIBUTION | Boston, MA | $22K | 2022 |
| Rose Fitzgerald Kennedy Greenway ConservancyCHARITABLE CONTRIBUTION | Boston, MA | $10K | 2022 |
| Hebrew Senior LifeCHARITABLE CONTRIBUTION | Boston, MA | $10K | 2022 |
| Ogunquit Playhouse FoundationCHARITABLE CONTRIBUTION | Ogunquit, ME | $7K | 2022 |
| Shirat HayamCHARITABLE CONTRIBUTION | Swampscott, MA | $2K | 2022 |
| Jewish Big Brother Big SisterCHARITABLE CONTRIBUTION | Waltham, MA | $1K | 2022 |