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Also known as: CO SABR GROUP
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Karfunkel Family Foundation is a private trust based in NEW YORK, NY. The foundation received its IRS ruling in 1993. The principal officer is Sabr Group. It holds total assets of $20.3M. Annual income is reported at $6.2M. Total assets have grown from $7.5M in 2011 to $20.3M in 2024. The foundation is governed by 2 officers and trustees. According to its most recent filing, the foundation only makes contributions to preselected charitable organizations. Tax records are available from 2021 to 2024. According to available records, Karfunkel Family Foundation has made 8 grants totaling $4M, with a median grant of $500K. The foundation has distributed between $950K and $2M annually from 2022 to 2024. Grantmaking activity was highest in 2023 with $2M distributed across 4 grants. Individual grants have ranged from $475K to $500K, with an average award of $494K. The foundation has supported 2 unique organizations. Grant recipients are concentrated in New York. Contributions to this foundation are tax-deductible.
Karfunkel Family Foundation reported 8 individual grants totaling $4.0 million between 2022 and 2024 across its IRS Form 990-PF filings, with a median grant of $500,000. Half of those grants fell between $493,750 and $500,000. Its most recent available filing, for fiscal year 2023, reports $960,840 in total giving.
Grantmaking is concentrated in NY, which received 8 of the 8 grants on record (100 percent). Of its 2 distinct grantees, 100 percent received funding more than once, so repeat relationships are the norm rather than the exception.
Computed from 8 individual grant records (2022–2024) in this foundation's IRS Form 990-PF Part XV filings. Source: IRS 990-PF.
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.
Karfunkel Family Foundation 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 NY.
Karfunkel Family Foundation has distributed a total of $4M across 8 grants. The median grant size is $500K, with an average of $494K. Individual grants have ranged from $475K to $500K.
Karfunkel Family Foundation typically selects its grantees rather than accepting unsolicited proposals.
Karfunkel Family Foundation is headquartered in NEW YORK, NY.
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| Name | Title | Compensation | Benefits | Total |
|---|---|---|---|---|
| George Karfunkel | Trustee | $0 | $0 | N/A |
| Henry Reinhold | Trustee | $0 | $0 | N/A |
Total Giving
N/A
Total Assets
$20.3M
Fair Market Value
N/A
Net Worth
$20.3M
Grants Paid
N/A
Contributions
N/A
Net Investment Income
N/A
Distribution Amount
N/A
Total Grants
8
Total Giving
$4M
Average Grant
$494K
Median Grant
$500K
Unique Recipients
2
Most Common Grant
$500K
of 2024 grantees were first-time recipients
| Recipient | Location | Amount | Year |
|---|---|---|---|
| Cong GevurahAMOUNTS ARE GIVEN TO COVER OPERATING EXPENSES FOR SCHOOLS AND SYNAGOGUES AS WELL AS EDUCATIONAL SCHOLARSHIPS AND ASSISTANCE TO THE NEEDY. | New York, NY | $475K | 2024 |
| Cong Chemdas YisroelAMOUNTS ARE GIVEN TO COVER OPERATING EXPENSES FOR SCHOOLS AND SYNAGOGUES AS WELL AS EDUCATIONAL SCHOLARSHIPS AND ASSISTANCE TO THE NEEDY. | New York, NY | $475K | 2024 |