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Karelou Foundation is a private corporation based in PITTSBURGH, PA. The foundation received its IRS ruling in 2019. The principal officer is Arthur J Rooney Jr. It holds total assets of $2.4M. Annual income is reported at $307K. The foundation is governed by 1 officer or trustee. The foundation operates in the area of philanthropy & grantmaking. According to its most recent filing, the foundation only makes contributions to preselected charitable organizations. Tax records are available from 2019 to 2024. Grantmaking is concentrated in Pennsylvania. According to available records, Karelou Foundation has made 57 grants totaling $800K, with a median grant of $10K. Annual giving has decreased from $215K in 2021 to $150K in 2024. Grantmaking activity was highest in 2023 with $360K distributed across 24 grants. Individual grants have ranged from $2K to $50K, with an average award of $14K. The foundation has supported 16 unique organizations. The foundation primarily supports organizations in Pennsylvania, Virginia, New York, which account for 86% of all grants. Grantmaking reaches organizations across 5 states. Contributions to this foundation are tax-deductible.
Smallest Grant
$2K
Median Grant
$10K
Average Grant
$14K
Largest Grant
$50K
Based on 15 grants from the most recent 990-PF filing.
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.
Karelou Foundation primarily funds organizations in the area of philanthropy & grantmaking. Based on available records, the foundation has funded 57 grants. Its grantmaking reaches organizations primarily in PA, VA, NY.
Karelou Foundation has distributed a total of $800K across 57 grants. The median grant size is $10K, with an average of $14K. Individual grants have ranged from $2K to $50K.
Karelou Foundation typically selects its grantees rather than accepting unsolicited proposals.
Karelou Foundation is headquartered in PITTSBURGH, PA. While based in PA, the foundation distributes grants to organizations across 5 states.
| Name | Title | Compensation | Benefits | Total |
|---|---|---|---|---|
| Arthur J Rooney Jr | PRESIDENT | $0 | $0 | N/A |
Total Giving
$168K
Total Assets
$2.5M
Fair Market Value
$3.7M
Net Worth
$2.5M
Grants Paid
$150K
Contributions
N/A
Net Investment Income
$53K
Distribution Amount
$168K
Total Grants
57
Total Giving
$800K
Average Grant
$14K
Median Grant
$10K
Unique Recipients
16
Most Common Grant
$20K
of 2024 grantees were first-time recipients
| Recipient | Location | Amount | Year |
|---|---|---|---|
| Little Sisters Of The PoorGENERAL | Pittsburgh, PA | $10K | 2024 |
| St Vincent CollegeGENERAL | Latrobe, PA | $40K | 2024 |
| Seton Hill UniversityGENERAL | Greensburg, PA | $20K | 2024 |
| Depaul School For Hearing & SpeechGENERAL | Pittsburgh, PA | $20K | 2024 |
| Duquesne UniversityGENERAL | Pittsburgh, PA | $20K | 2024 |
| Upmc Hillman Cancer CenterGENERAL | Pittsburgh, PA | $10K | 2024 |
| Sisters Of Charity Of Seton HillGENERAL | Greensburg, PA | $10K | 2024 |
| St Bonaventure UniversityGENERAL | St Bonaventure, NY | $6K | 2024 |
| Point Park UniversityGENERAL | Pittsburgh, PA | $5K | 2024 |
| Autism Project Of Palm Beach CountyGENERAL | Jupiter, FL | $5K | 2024 |
| Washington University In St LouisGENERAL | St Louis, MO | $2K | 2024 |
| Emmaus Community Of PittsburghGENERAL | Pittsburgh, PA | $2K | 2024 |
| University Of PittsburghGENERAL | Pittsburgh, PA | $20K | 2023 |
| Marine Corps Scholarship FoundationGENERAL | Alexandria, VA | $50K | 2021 |
| United Way Of Allegheny CountyGENERAL | Pittsburgh, PA | $20K | 2021 |
| Irene S Taylor Scholarship FundGENERAL | Latrobe, PA | $20K | 2021 |
WEST CONSHOHOCKEN, PA
LIGONIER, PA
PITTSBURGH, PA