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Karen And Rick Hargrove Foundation is a private corporation based in LA SELVA BCH, CA. The foundation received its IRS ruling in 2002. It holds total assets of $11.5M. Annual income is reported at $22.4M. Total assets have grown from $101K in 2011 to $6M in 2023. The foundation is governed by 2 officers and trustees. 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 2016 to 2024. Grantmaking is concentrated in California. According to available records, Karen And Rick Hargrove Foundation has made 22 grants totaling $4.7M, with a median grant of $88K. Annual giving has grown from $170K in 2020 to $1.9M in 2024. Individual grants have ranged from $30K to $1M, with an average award of $212K. The foundation has supported 5 unique organizations. Grant recipients are concentrated in California. Contributions to this foundation are tax-deductible.
Smallest Grant
$50K
Median Grant
$150K
Average Grant
$165K
Largest Grant
$375K
Based on 5 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.
Karen And Rick Hargrove Foundation primarily funds organizations in the area of philanthropy & grantmaking. Based on available records, the foundation has funded 22 grants. Its grantmaking reaches organizations primarily in CA.
Karen And Rick Hargrove Foundation has distributed a total of $4.7M across 22 grants. The median grant size is $88K, with an average of $212K. Individual grants have ranged from $30K to $1M.
Karen And Rick Hargrove Foundation typically selects its grantees rather than accepting unsolicited proposals.
Karen And Rick Hargrove Foundation is headquartered in LA SELVA BCH, CA.
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| Name | Title | Compensation | Benefits | Total |
|---|---|---|---|---|
| Karen Hargrove | TREASURER | $0 | $0 | N/A |
| Richard Hargrove | President | $0 | $0 | N/A |
Total Giving
$1.9M
Total Assets
$6M
Fair Market Value
$6M
Net Worth
$6M
Grants Paid
$1.9M
Contributions
N/A
Net Investment Income
$2.5M
Distribution Amount
$258K
Total Grants
22
Total Giving
$4.7M
Average Grant
$212K
Median Grant
$88K
Unique Recipients
5
Most Common Grant
$50K
of 2024 grantees were first-time recipients
| Recipient | Location | Amount | Year |
|---|---|---|---|
| Monterey Bay AquariumExhibitions | Monterey, CA | $50K | 2023 |
| Navy Postgraduate School FoundationEDUCATION | Monterey, CA | $1M | 2024 |
| Stanford University -Hoover InstituEDUCATION | Stanford, CA | $750K | 2024 |
| Boys Girls Clubs Of MontereyCHILDREN SERVICES | Seaside, CA | $69K | 2024 |
| The Spca For Monterey CountyANIMAL PROTECTION | Monterey, CA | $32K | 2024 |
MENLO PARK, CA
LOS ANGELES, CA
PALO ALTO, CA